The Bitcoin CRASH is coming!

[Labrader]

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.

There seems to be some confusion about this. Bitcoin IS NOT going to be traded. Bitcoin is just going to be the underlying "asset" being traded on futures. All the trading shall be done in fiat. So, whales do not need to buy anything, as they'll open and settle the transactions is fiat.

OTOH, a price pump and then subsequent dump opens the possibility for very profitable short positions in futures. However, it only makes sense if at the time of the contract the BTC value is HIGH. So, if a manipulation is being conducted, the crash is profitable only if it happens after the futures start trading and contracts are exchanged.

But any position must have an opposing buyer. So another whale must get stinged if some whale is going to make money on shorts. Therefore, some whales may think just the opposite and open long positions. Entraping whales wanting to short with the current pump, then going for another pump.

All's swell since bitcoin markets are not regulated and price manipulation is not illegal. It is therefore hard to predict that futures will trigger the crash. It may be the opposite.

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[Get-Paid.com]

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.

There seems to be some confusion about this. Bitcoin IS NOT going to be traded. Bitcoin is just going to be the underlying "asset" being traded on futures. All the trading shall be done in fiat. So, whales do not need to buy anything, as they'll open and settle the transactions is fiat.

OTOH, a price pump and then subsequent dump opens the possibility for very profitable short positions in futures. However, it only makes sense if at the time of the contract the BTC value is HIGH. So, if a manipulation is being conducted, the crash is profitable only if it happens after the futures start trading and contracts are exchanged.

But any position must have an opposing buyer. So another whale must get stinged if some whale is going to make money on shorts. Therefore, some whales may think just the opposite and open long positions. Entraping whales wanting to short with the current pump, then going for another pump.

All's swell since bitcoin markets are not regulated and price manipulation is not illegal. It is therefore hard to predict that futures will trigger the crash. It may be the opposite.

It may be the opposite indeed for another few days/weeks/months but there are too many flaws in it ... it's not different than any other Ponzi Scheme ... when people buy it not because of the technology but because of speculation then it's killing all the good thing that comes with it.


Imagine a normal local grocery shop selling goods day after day.
There are people coming in and buying goods, there are suppliers selling good and overall the owner can be pleased with the business.

The owner decides it's time to have his business listed in the stock exchange in order to attract more investors.
In the beginning it's all going well, the stock is rising steadily with some drops from to time.

But then all of a sudden, comes 1 week where the stock is rising and rising and rising and the owner has no clue where it's coming from.
It gets to a position where the value of the stock reflects a sheep of investors who simply buy and buy without knowing why.

What do you think would happen to that stock?

[PricklyPear1]

Ah man, this current run up reminds me so much of the $1000 USD bubble a few years ago. Comments on this board are identical... Sentiments are identical... It remains to be seen what futures will do to the BTC price, but regardless, we all know what goes up must come down. I personally think futures will be deleterious on the BTC community for awhile. My thoughts from the beginning have always been that BTC technology was invented as a solution to our current financial trajectory. It’s somewhat disappointing to see our current financial instruments assimilating into BTC ad hoc. It gives a bad taste, as all the problems that come with fractional reserve banking and some speculative financial instruments will just parasitize BTC.

None-the-less, if BTC is ever going to truly succeed, this is going to happen to some degree. The exchanges are the ones who will truly benefit initially from the futures trading. After all, their BTC price quotes/infrastructure are the ones directly being traded on. The deals made to allow futures trading to even exist here must have been something to behold. It’s for a reason. The gov’t regulates exchanges which in turn moderates futures. Very much a top down strategy. The bottleneck is exchanges and currently that is where most people go. Once futures opens, there will be mass influx in futures shifting the bottleneck to futures and I predict a lag in exchange trading. This will slow the price, influence the type of futures sold (mostly shorts) and the exponential rise in price we have now will fall out and reset itself for another run up in the future.

[speaktome]

There will be a price correction once the pump has been over and we should be expecting around $1000 - $2000 price correction given how much the price has increased. As for bitcoin crashing, I don't see that happening. I mean come on man we all know that bitcoin is highly market oriented and it will be there as long as people use it and there are people mining it, people would probably even use it even after all the bitcoins have been mined. There will be big dips but I don't see bitcoin crashing, at least not now or in the next 25 years.

A price correction around that $1K or $2k is nothing compared to the rapid increase that  it has experienced and that however it is still unusual,and even though the idea of a big crash coming can not be completely discarded thoroughly there is perhaps still a little more chance that the price does not go down in an inordinate way.

[thirdprize]

Ah man, this current run up reminds me so much of the $1000 USD bubble a few years ago. Comments on this board are identical... Sentiments are identical... It remains to be seen what futures will do to the BTC price, but regardless, we all know what goes up must come down. I personally think futures will be deleterious on the BTC community for awhile. My thoughts from the beginning have always been that BTC technology was invented as a solution to our current financial trajectory. It’s somewhat disappointing to see our current financial instruments assimilating into BTC ad hoc. It gives a bad taste, as all the problems that come with fractional reserve banking and some speculative financial instruments will just parasitize BTC.

None-the-less, if BTC is ever going to truly succeed, this is going to happen to some degree. The exchanges are the ones who will truly benefit initially from the futures trading. After all, their BTC price quotes/infrastructure are the ones directly being traded on. The deals made to allow futures trading to even exist here must have been something to behold. It’s for a reason. The gov’t regulates exchanges which in turn moderates futures. Very much a top down strategy. The bottleneck is exchanges and currently that is where most people go. Once futures opens, there will be mass influx in futures shifting the bottleneck to futures and I predict a lag in exchange trading. This will slow the price, influence the type of futures sold (mostly shorts) and the exponential rise in price we have now will fall out and reset itself for another run up in the future.

Again, it's in the run up to Christmas.  There is always a bump about this time of year.  I always assumed it was people stocking up on "substances" for the holiday season.    I guess this run is pushing down the price of drugs. 

[charlescoin]

$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!

Yep, as usual once it goes parabolic it means a crash will happen sooner or later, it's a good time to take some profit but if you are a long term holder uninterested with the day to day price there is no reason to sell. Over the long term bitcoin always recovers.

Right now the price is going up on expectations of big money from bitcoin futures, as with any bubble its impossible to say when it will pop, it could happen at $20k or $30k, and the crash might even only go down to around today's levels after that crash. This is the fundamental problem with bubbles, even if you know it's there selling could be a mistake.

[nagatraju]

for me it is not known how the currency will behave....this moment is very beneficial for those who have long been invested in bitcoin...for beginners the situation is very dangerous

[jackhdt]

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.

bitcoin is hard to predict. I think prices will fall, but i think only stop at $ 10000-12000. profit when buy Bitcoin last month to this month is an extremely large number and of course, the shark will sell them for profit have exceeded that goal even exceeding the target. Investment in 12k not really is straight gambling. if the long-term investment now is still a good time

[Labrader]

It gets to a position where the value of the stock reflects a sheep of investors who simply buy and buy without knowing why. What do you think would happen to that stock?

I think the analogies are somewhat limited. A business can be valuated. Bitcoin is nothing except a conventional a holder of value. I think the bitcoin support is too much in sentiment and history, i.e. if people got in at a late moment, they'll want to conserve the investment and act as strong support.

Sure there is panic selling and stop-loss orders and some correction may be coming, but the hodlers might offset the correction pretty nicely.

[PricklyPear1]

for me it is not known how the currency will behave....this moment is very beneficial for those who have long been invested in bitcoin...for beginners the situation is very dangerous

That’s what I fear. So many are getting in now with the expectation in won’t stop. Just like the last two bubbles, many people are going to lose their shirt.

[makko91]

The bubble will explode soon but bitcoin will not collapse... I think it will stay for a while around 5k...

[Get-Paid.com]

This is crazy ... getting towards $17k ...

Wow ... it's the biggest bubble of all ... this is going to be so bad.

[MoonJeina]

This actually is threatening the hell out of me . When Bitcoin first went to the price of $10000 , I did not fear of t being a bubble and getting crashed because for some days it did become quite stable but from last 3 days bitcoin is on a roller coaster . There is no stopping or slowing down for bitcoin . Bitcoin was up by $2000 in one day . Isn't it insane ? This is now rising the fear of some bubble situation in the mind of many people . There is a need for bitcoin to slow down .
Every user wants Bitcoin to touch new height but that process needs to be steady . The velocity is too fast right now .             

[cryptousher]

Probably a drop will come, dont know about crash.
I believe it to be a small one so cannot term it crash. But yes somethibg like that will come at year end week.

[Kapyong]

Gday all,

Hmmm...
Bitcoin will crash, eh ?

Methinks I've heard that before :

BTC hits $100 - "it'll crash soon"
BTC hits $200 - "certainly crash soon"
BTC hits $500 - "gunna crash real soon"
BTC hits $1,000 - "must crash soon"
BTC hits $2,000 - "crash soon now"
BTC hits $5,000 - "for sure crash very soon"
BTC hits $10,000 - "definite crash coming"
BTC hits $20,000 ...

Note that you conveniently jumped over $1400 where BTC spiked and then crashed down to as low as $200 and stayed there for nearly 3 years.  If history repeats itself in this market driven by few fundamentals, we could easily be looking at $14,000 fall to $2,000....and there's nothing fundamental that would prevent that from happening...especially with the kind of people pouring in money at this point.

Mate -
I didn't jump over anything, conveniently or not. I simply used the common repeating pattern of 1,2,5,10 to make the point.

BTC has had corrections and downturns, yes.

But I do not think BTC will crash to near worthlessness.

Admittedly, the term 'crash' is a little ambiguous.

BTC is secure, and it's hitting the mainstream - it could rise and rise without another huge drop.

Kapyong

[di.ako.toh]

It is true that in just 2 weeks bitcoins value has already increase by $5k, but it is minght not be the reason we should bothered and conclude that Bitcoin Crash is coming. Let us just say that demands of bitcoin is quite increasing and gets widely known also corrections are made simultaneously during the step up of bicoins value so when its price goes down, it would not a huge drop or like a buble.

[BartS]

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.

This is something I agree with, many alts have marketed themselves as if they have all the answers to the problems bitcoin has, and the truth is that is not the case, their networks are only fast because no one uses them, people only uses most of the altcoins as speculative products, now the chances bitcoin crashes go up the more the price goes up at that speed but if you are a holder you should not care about such a thing since bitcoin is still too cheap for me to sell my bitcoin.

[Domenc]

All the issues concerned in the OP are definitely one needs to think about. The unpredictable rise of Bitcoin has put everyone into deep thoughts about Bitcoin future. All the current situations are facing towards Bitcoin being a bubble and if this bubble explodes this time, it losses its value to greater extent even the 50% correction in the price can take place. The recent behavior is not at all suitable for Business and normal payment system, all these things are inviting Bitcoin towards crash.

[uslfd]

Ah man, this current run up reminds me so much of the $1000 USD bubble a few years ago. Comments on this board are identical... Sentiments are identical... It remains to be seen what futures will do to the BTC price, but regardless, we all know what goes up must come down. I personally think futures will be deleterious on the BTC community for awhile. My thoughts from the beginning have always been that BTC technology was invented as a solution to our current financial trajectory. It’s somewhat disappointing to see our current financial instruments assimilating into BTC ad hoc. It gives a bad taste, as all the problems that come with fractional reserve banking and some speculative financial instruments will just parasitize BTC.

None-the-less, if BTC is ever going to truly succeed, this is going to happen to some degree. The exchanges are the ones who will truly benefit initially from the futures trading. After all, their BTC price quotes/infrastructure are the ones directly being traded on. The deals made to allow futures trading to even exist here must have been something to behold. It’s for a reason. The gov’t regulates exchanges which in turn moderates futures. Very much a top down strategy. The bottleneck is exchanges and currently that is where most people go. Once futures opens, there will be mass influx in futures shifting the bottleneck to futures and I predict a lag in exchange trading. This will slow the price, influence the type of futures sold (mostly shorts) and the exponential rise in price we have now will fall out and reset itself for another run up in the future.

Really are the sentiments identical? I see more bearish threads than bullish ones?
Right now on ths board 70% of the new topics today are on predicting when it will crash and by what percentage it would crash down to.
Was it really like this in 2013?

[Koro-Sensei]

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. 

Yeah might be a problem for them and maybe theyll doubt it more cause of that dip and pump. Hoping for a good correction of bitcoin so i can relax a bit. Cant relax with a wopping $15000 value of bitcoin for just a day it rose up to $1200 for the day. Imagine that.