The Bitcoin CRASH is coming!

[Get-Paid.com]

Today is the 7th of December 2017, a remarkable day where the Bitcoin price has gone up and is currently worth over $14,500 USD.

Many altcoins are down in value as holders of these altcoins sell them and buy BTC instead - it sounds so promising, BTC is the future, the rest is not.
However as site owners who pay our members in BTC and also run a Ripple Faucet (Link: https://bitcointalk.org/index.php?topic=2436732.0) we have to express our opinion about all this Bitcoin hype. It has now entered into an extremely dangerous territory and let us explain.

Rule of Thumb = World Economy is Based on Trust

The issue with Bitcoin is that currently so many people "invest" in it, in a sort of a "rush train", everyone wants to hold 1 BTC, one of the 21 million BTC out there (Bitcoin is capped at 21 Million BTC). The 21m is not a problem, one dollar in some random country can be worth 1 today, 0.1 tomorrow, 0.001 next day, that's not a problem.

The problem starts when people need to use Bitcoin as form of payment and not only for speculation ... holders of BTC yesterday or today would hesitate in paying with BTC because they worry about price fluctuations - and so is the receiver ... if we get paid $100 from CoinTraffic for ads we placed in our faucet we feel "bad" we get paid in BTC today because yesterday it was worth more.

And this cycle creates a problem of TRUST.

So why Bitcoin goes up?

Bitcoin is going to be traded in several stock exchanges very soon. Those who believe that "sharks" or "whales" wait for the day of opening and then start buying or trading are only fooling themselves.

When Facebook firstly launched itself on the stock market - the stock plunged and plunged and no one could explain it - just like today no one can explain how Bitcoin went up so fast - according to ZeroHedge:

http://www.zerohedge.com/news/2017-12-06/bitcoin-explodes-above-14000-korean-pm-fears-serious-pathological-phenomena

$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours

It went up from $9000 to $14,500 in less 2 weeks!

Bottom line:

If this doesn't create an issue of trust - then we're all living in a bubble.
The fundamentals of Bitcoin are great, but what we experience nowadays is exactly the opposite, and that's because we're all human beings and we lost trust in each other, we created central banks we don't trust anymore, we created a financial system that we can't trust anymore - and unfortunately Bitcoin is heading towards that territory as well.

PS Just like Steam expect many to consider the stop of using Bitcoin (we might as well) due to price volatility and high fees as these are simply not suitable for many businesses neither.

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[Wiggs]

What is your opinion about what will happen to btc price when futures opens on the 11th?

[Get-Paid.com]

What is your opinion about what will happen to btc price when futures opens on the 11th?

It's hard to predict or speculate in the very short term but you shouldn't look at this specific date necessarily for big moves - it's the days before that are interesting, the market always behaves differently before the actual event to a certain degree.

Also we could be in a "bullish" period for another week or month but the fundamentals show lots of cracking and that's what's going to bring it down ... the idea of "Anonymous PayPal" (i.e. Bitcoin) is welcome but its fundamentals are broken when we live in such unprecedented times.

[marcous]

i hope bitcoin doing correction first. bitcoin price is currently unexpected. profitable for old investors who's holding bitcoin. but for newbie who begins to deposit its very heavy. 

[Jet Cash]

Bitcoin is not based on trust, and that is its appeal. The banks and others in the fiat money system have betrayed our trust, and that is why Bitcoin was created. We are starting to see an increase in the failures of the established banking organisations, and I believe that will cause a rush into Bitcoin and other crypto-currencies.

[Lancelot04]

Today is the 7th of December 2017, a remarkable day where the Bitcoin price has gone up and is currently worth over $14,500 USD.

Many altcoins are down in value as holders of these altcoins sell them and buy BTC instead - it sounds so promising, BTC is the future, the rest is not.
However as site owners who pay our members in BTC and also run a Ripple Faucet (Link: https://bitcointalk.org/index.php?topic=2436732.0) we have to express our opinion about all this Bitcoin hype. It has now entered into an extremely dangerous territory and let us explain.

Rule of Thumb = World Economy is Based on Trust

The issue with Bitcoin is that currently so many people "invest" in it, in a sort of a "rush train", everyone wants to hold 1 BTC, one of the 21 million BTC out there (Bitcoin is capped at 21 Million BTC). The 21m is not a problem, one dollar in some random country can be worth 1 today, 0.1 tomorrow, 0.001 next day, that's not a problem.

The problem starts when people need to use Bitcoin as form of payment and not only for speculation ... holders of BTC yesterday or today would hesitate in paying with BTC because they worry about price fluctuations - and so is the receiver ... if we get paid $100 from CoinTraffic for ads we placed in our faucet we feel "bad" we get paid in BTC today because yesterday it was worth more.

And this cycle creates a problem of TRUST.

So why Bitcoin goes up?

Bitcoin is going to be traded in several stock exchanges very soon. Those who believe that "sharks" or "whales" wait for the day of opening and then start buying or trading are only fooling themselves.

When Facebook firstly launched itself on the stock market - the stock plunged and plunged and no one could explain it - just like today no one can explain how Bitcoin went up so fast - according to ZeroHedge:

http://www.zerohedge.com/news/2017-12-06/bitcoin-explodes-above-14000-korean-pm-fears-serious-pathological-phenomena

$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours

It went up from $9000 to $14,500 in less 2 weeks!

Bottom line:

If this doesn't create an issue of trust - then we're all living in a bubble.
The fundamentals of Bitcoin are great, but what we experience nowadays is exactly the opposite, and that's because we're all human beings and we lost trust in each other, we created central banks we don't trust anymore, we created a financial system that we can't trust anymore - and unfortunately Bitcoin is heading towards that territory as well.

PS Just like Steam expect many to consider the stop of using Bitcoin (we might as well) due to price volatility and high fees as these are simply not suitable for many businesses neither.

I'm ready for it. I need to get in now in a lower price. I am still waiting for that to happen. Hope it will happen soon in this month, before I can go relaxing next year.

[Kakmakr]

Today is the 7th of December 2017, a remarkable day where the Bitcoin price has gone up and is currently worth over $14,500 USD.

Many altcoins are down in value as holders of these altcoins sell them and buy BTC instead - it sounds so promising, BTC is the future, the rest is not.
However as site owners who pay our members in BTC and also run a Ripple Faucet (Link: https://bitcointalk.org/index.php?topic=2436732.0) we have to express our opinion about all this Bitcoin hype. It has now entered into an extremely dangerous territory and let us explain.

Rule of Thumb = World Economy is Based on Trust

The issue with Bitcoin is that currently so many people "invest" in it, in a sort of a "rush train", everyone wants to hold 1 BTC, one of the 21 million BTC out there (Bitcoin is capped at 21 Million BTC). The 21m is not a problem, one dollar in some random country can be worth 1 today, 0.1 tomorrow, 0.001 next day, that's not a problem.

The problem starts when people need to use Bitcoin as form of payment and not only for speculation ... holders of BTC yesterday or today would hesitate in paying with BTC because they worry about price fluctuations - and so is the receiver ... if we get paid $100 from CoinTraffic for ads we placed in our faucet we feel "bad" we get paid in BTC today because yesterday it was worth more.

And this cycle creates a problem of TRUST.

So why Bitcoin goes up?

Bitcoin is going to be traded in several stock exchanges very soon. Those who believe that "sharks" or "whales" wait for the day of opening and then start buying or trading are only fooling themselves.

When Facebook firstly launched itself on the stock market - the stock plunged and plunged and no one could explain it - just like today no one can explain how Bitcoin went up so fast - according to ZeroHedge:

http://www.zerohedge.com/news/2017-12-06/bitcoin-explodes-above-14000-korean-pm-fears-serious-pathological-phenomena

$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours

It went up from $9000 to $14,500 in less 2 weeks!

Bottom line:

If this doesn't create an issue of trust - then we're all living in a bubble.
The fundamentals of Bitcoin are great, but what we experience nowadays is exactly the opposite, and that's because we're all human beings and we lost trust in each other, we created central banks we don't trust anymore, we created a financial system that we can't trust anymore - and unfortunately Bitcoin is heading towards that territory as well.

PS Just like Steam expect many to consider the stop of using Bitcoin (we might as well) due to price volatility and high fees as these are simply not suitable for many businesses neither.

Why would you want to stop accepting bitcoins? The volatility should not influence you at all, because most merchants use payment processors and their bitcoin is converted to fiat, as it is received. If you configured your arrangement with the payment processor to retain a percentage of bitcoins, then the spike in the price will benefit you. <You sold an item for $50 and the price per bitcoin increased and the bitcoins you retained increased in value.>

Everyone has a selling point, so there will be a constant supply of new coins into circulation. ^smile^

[reck1ess]

Still unpredictable. Bitcoin have a lot more surprises than we expected. So what is your plan with your bitcoins?

[Thanasis]

Maybe the price of bitcoin will crash but I don't think it will happen now.This price of bitcoins is already expected as bitcoin will reach $14K by end of 2017,so all people want to hold their bitcoin never wanna sell because bitcoin price is going crazy.As you said the altcoin holders want to sell their coins to buy BTC so the price of all altcoins decreasing even ethereum and litecoin facing price fall.
I believe that bitcoin price will continue to rise in the year 2018 but no one knows the exact answer so we have to hope that bitcoin will not crash.

[Colorblind]

What is your opinion about what will happen to btc price when futures opens on the 11th?

My assumption says it will skyrocket another 50-100%, then insane dump will occur so people can short with profits.

Whole point of futures is to enable ability to short BTC so it will be shorted. Alot. 

[jseverson]

Well we wanted Bitcoin to become popular, and we're currently getting it. More and more people in my circle are mentioning Bitcoin, and most of them are looking into buying. Everyone wants to get on the action, and I believe that's why we're rising so high.

I don't think people not wanting to spend Bitcoin has anything to do with trust, or at least trust as I understand it. All it really boils down to is Bitcoin's deflationary nature. Currencies all around the world are inflationary by design. You do not get an incentive out of hoarding them. Inflation spurs spending, and the very opposite is happening with Bitcoins.

Either way, I do believe we're due for a correction. I've been expecting one since we've hit $11k, but who knows at this point. Crash is too strong a word in my opinion, but what do I know.

[hugeblack]

what will happen after the crash? and how deep is the crash?

last months we only get a very small correction and very big rise just check last three months.

personally only hope stable of price because nonlinear increasing is so risky for future

[Herbert2020]

Many altcoins are down in value as holders of these altcoins sell them and buy BTC instead - it sounds so promising, BTC is the future, the rest is not.

you say that as if you don't believe it!
the thing is, majority of the altcoins specifically the top ones that everyone hypes these days, are worse than bitcoin. you just don't see the issues in them because they are not used. they just hype it and pretend they are better, more promising, better scaling, etc. but when it comes to reality they all fail, harder than bitcoin. google crypto kitties and see how it crippled ethereum for 3 days now.

and yeah, bitcoin will crash like it always does after a big rise. but in the end it will pick up again and continues rising because it has that "real adoption as a currency" not just speculators who are in it for short term.

[vv181]

Many people got FOMO'ed. The increase does not make any sense, No one with a sane mind would Invest right now maybe at 10K could be the possibility. A pullback to 9k is expected, but I'm not sure when. In my opinion, people who bought at 12K+ is straight up gambling not really trading or investing.

[A1exander]

Yes, I would say that correction is already overdue. But the questions are 'from which level?' and 'what will be the bottom?'. My guess is that BTC will stay above $10k, but these sharp spikes are completely unpredictable.

[Realist247]

This is typical of run-ups I see in stocks all the time right before the big shorts come in and take advantage of the unbridled greed.  Personally I see a dump coming before the futures markets open and the shorting opportunities begin.  Once the short sellers demonstrate their resolve, the buyers will come back in at a lower price.  I don't see the futures markets as being a catalyst to the upside.

[haroldtee]

We asked for it, now we have it. Am I worried? Kind of! We cannot say exactly what is driving the value up right now and everything we think may just be an assumption. Could it be FOMOs rushing in? OR Could it be a huge adoption based on the fact that people are losing their trust in the banking system instead and want to be a part of the real deal or as a result of the future market launch? OR whatever question we may want to ask ourselves. The fact remains that new investors are rushing in everyday. This does not have anything to do with trust as long as they understand why they are joining the train. That is where the main concern is, because I feel most new investors may just be seeing it as a chance to make some huge profit and not for what Bitcoin really is.

There could end up being a crash or a massive correction, however we want to call it, but no one really knows when that could happen or if it would even happen at all. One thing I know is that, the strength of bitcoin is increasing weekly and hope that keeps on. But until then, keeping arms crossed and monitoring the charts. If it crashes, it would just be a good time to buy more.

[nerverd99]

Bitcoin price is currently unexpected.But, I believe that bitcoin price will continue to rise in the year 2018

[cue]

I hope not. But still it is hard to predict the future prices of bitcoin.  If today the price has reached the amount of $14,700, i hope there's only correction on it but will continue to rise until next year 2018.  I just sold bitcoin awhile for a price of around $14,500, so it was a good profit because I bought it when it was costing at $3,600 only.

[worldofcoins]

ok too the people who are say they are selling it, let me correct you, your exchanging it, Bitcoin is not a product!  Its seems that many of you are greedy ass hats and are no different from the government, we should be making bitcoin a new payment method instead we are treating it as a product of greed.