Can Bitcoin Crash?

[4king]

Bitcoin has been around for quite some time, since 2009 to be exact - but it is only over the past few years that it has garnered the attention it deserves.

The media and critics are always quick to jump on any movement Bitcoin occurs, but can Bitcoin actually crash?

Take a look at this article, its summed up quite nicely: https://4king.com/can-bitcoin-crash/

[Lorence.xD]

Technically it is possible if we are talking about crashing to zero. It is nothing to be afraid of though, that is a typical scenario for bitcoin, remember that 2017 was considered a crash by many (I'm not sure) but look at what happened to bitcoin, it bounced back. Even if there is a possibility, trusting bitcoin is the only thing that we can do, crashes shows who is worthy of a big profit.

[Mika220]

Given the support for investment giants like Grayscale, for example, this is not an option. BTC has a very serious interest from around the world.

[BlackHatCoiner]

Everything can crash, including bitcoin. Actually, especially bitcoin since we're all bullish. There is much more volatility on cryptocurrencies and bitcoin comparing to gold and silver. Bitcoin crashed in 2017, but this time it doesn't seem the same to me. There were even more serious crashes before 2017. For example in 2013. Bitcoin went from $1000 to $200, ouch!

I personally think that it'll start being less volatile over time.

[Jawhead999]

Technically it is possible if we are talking about crashing to zero.

It's not possible Bitcoin will crash into zero, zero means no demand on Bitcoin. I believe there's some people still interested with Bitcoin and buy it for fun only.

For @OP Bitcoin can crash anytime if something like serious/critical attack occur, but it's hard to think which attack will happen in the future.

I've read the article you said Bitcoin can't crash, I think you were wrong because Bitcoin is high risk and the market can be manipulated by whales. If Bitcoin can't crash, why on 2018 Bitcoin suddenly dropped from $19,000 to $3,500?

[Similificator]

If ever this question were a few years back, then I  think that it is highly possible. But in today's time, I really do not think so, just imagine the big people backing it up and the loads of people interested with not just bitcoin but this entire industry. But this is just my perspective though. Even so, we still can't say for sure what happens tomorrow.

[Lorence.xD]

~

It's not possible Bitcoin will crash into zero, zero means no demand on Bitcoin. I believe there's some people still interested with Bitcoin and buy it for fun only.

That is why there is a technically added there. Which means that in the most literal sense, bitcoin can crash to zero disregarding the factor of people that are still going to buy and the demand for bitcoin is constant.

[Oasisman]

Well, Bitcoin is always vulnerable to crashes. But I don't know how you define a crash, is it something that usually happens after the bullrun, or a crash that could potentially kill Bitcoin.
Bitcoin actually crashed many times already and bounces back stronger.

We could've discuss a more specific topic about Bitcoin crashes If you have converted your article in this post.
Some people like me are sometimes lazy in opening links. I mean I understand you need to have more page visitors.

[bosede1]

Referring to the first paragraph of the article link you sent I will say a drop of water cannot make an ocean in a day. There have been many technological advancements all over the world and I will say it was not a day such was invented and embraced by the masses bitcoin has continued to gain recognition all over the world as the year goes by so I don't think there is an issue with that but can Bitcoin crashed I will say logically No.

[hugeblack]

Economically: crash means the sudden decline in the value of the currency, some consider the decline by 30%, and others consider the limits at 70% to 80%.

A crash is a sudden and significant decline in the value of a market. A crash is most often associated with an inflated stock market, though any market can crash, for example, the international oil market in 2016

Has a Bitcoin price crash? Yes, at the beginning of 2018, the price collapsed to about 80%, so it is possible.

We are now in a price bubble, and a collapse is not unlikely, but it will happen sooner or later.

[Kakmakr]

It is very clear that some people are not even reading the article that was posted by OP. The crash that this article are referring to is not a price crash, but rather a failure of the network.  

Now, if you understand that Bitcoin is a decentralized network and that it consist of 1000's of independent nodes, then you will will grasp that something has to go very wrong for all of those nodes to crash at the same time. (globally)

Now, let's say something like this happened and it was a problem in the protocol.. then this will be fixed in a matter of hours and the new update will be made available and the nodes that accept the changes will be up and running within a couple of hours with the new protocol in place.

That said... something like this will most probably never happen, because the code has been peer reviewed my 1000's of developers and it has been tested on the TestNet .... so it is very solid at this stage.  

[btc78]

Technically it is possible if we are talking about crashing to zero.

Nope it wont happen , because at least there are still one person that will keep the hold so backing to zero value is Impossible to happen and that's for sure , because even you all sold your coins i will at least Hold my small amount in wallet that will bring this to have value still.

It is nothing to be afraid of though, that is a typical scenario for bitcoin, remember that 2017 was considered a crash by many (I'm not sure) but look at what happened to bitcoin, it bounced back. Even if there is a possibility, trusting bitcoin is the only thing that we can do, crashes shows who is worthy of a big profit.

Actually the crash that might happen is what we had last month , when the Pandemic comes and the value drops high more than 100% but crashing to no value will never come.

[arwin100]

Bitcoin has been around for quite some time, since 2009 to be exact - but it is only over the past few years that it has garnered the attention it deserves.

The media and critics are always quick to jump on any movement Bitcoin occurs, but can Bitcoin actually crash?

Take a look at this article, its summed up quite nicely: https://4king.com/can-bitcoin-crash/

Actually yes and it happens before just take a look on what happen on year 2017 to 2018 the price of bitcoin suffer to much from huge dump came, people are in state of panic at that time since bitcoin came from $19k and drop for $3k + check this site you can see an interesting bitcoin price history here https://finance.yahoo.com/quote/BTC-USD/history?period1=1514782800&period2=1546664400&interval=1d&filter=history&frequency=1d

[Jemzx00]

Technically it is possible if we are talking about crashing to zero.

Nope it wont happen , because at least there are still one person that will keep the hold so backing to zero value is Impossible to happen and that's for sure , because even you all sold your coins i will at least Hold my small amount in wallet that will bring this to have value still.

It is nothing to be afraid of though, that is a typical scenario for bitcoin, remember that 2017 was considered a crash by many (I'm not sure) but look at what happened to bitcoin, it bounced back. Even if there is a possibility, trusting bitcoin is the only thing that we can do, crashes shows who is worthy of a big profit.

Actually the crash that might happen is what we had last month , when the Pandemic comes and the value drops high more than 100% but crashing to no value will never come.

I agree to disagree, yes they probability of bitcoin crashing to zero to no value in very slim to nothing but I don't think that it will be the case forever. At some time, the market may crash so hard to even hitting the zero value which may be because of many factors that we haven't encountered yet on bitcoin. So yeah, technically bitcoin may crash up to zero value but the chances that it might happen is very slim.

Anyway, we have nothing to worry about as we haven't encountered any issues on bitcoin that will put all of its value to nothing and just as Lorence.xD said that even after many crashes that happened in the past, bitcoin always proves itself and bounces back with even higher value.

[kevinzxz]

Bitcoin has been around for quite some time, since 2009 to be exact - but it is only over the past few years that it has garnered the attention it deserves.

The media and critics are always quick to jump on any movement Bitcoin occurs, but can Bitcoin actually crash?

Take a look at this article, its summed up quite nicely: https://4king.com/can-bitcoin-crash/

you mean the price? if yes, then you should check the price chart of Bitcoin, because the price of Bitcoin has crashed several times, but Bitcoin is still surviving and recovering, so that makes me believe if Bitcoin is very strong and nothing can make Bitcoin die, because many people already believe to investing in Bitcoin and HOLD for the long term, therefore I believe that the price of Bitcoin will continue to increase very high until whenever.

[stompix]

There is the whisper of whether Bitcoin could be hacked, but this too is impossible as that would mean that the hacker has gained 51% of the network. It is currently believed that there are 10,000 full nodes (not counting the smaller nodes) that maintain the network. That would mean that a hacker has gained access to over 5,000 nodes on the network. Impossible. But we’ll get into this in our next installment, watch this space.

You should really start learning about bitcoin before talking about it.
You've made a mess out of two possible attacks on the bitcoin network, the 51% hash rate attack and a Sybil attack on nodes, nodes and miners are two different things, and the ways the two attacks would take place also having far too little in common.

https://en.bitcoin.it/wiki/Weaknesses#Sybil_attack
https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power

However, it does require miners to verify and execute the transactions, and the nodes to store the history on the blockchain.

Again, read before trying to write:
Difference Between Miners and Nodes


Also, just lol at.."not counting the smaller nodes', what the hell are "smaller" nodes  
Seriously, it's becoming annoying when everyone thinks he can write articles about bitcoin two days after he has heard of it.

[ethereumhunter]

Bitcoin can crash, of course. But the point, how deep bitcoin will go down? No one will know, and we can only guess about that. But we already knew that bitcoin crash from $19k to $3,500, so that can happen again in the future. But we hope that the price will not go down too deep in the future and will not make the investors panic. But instead of thinking about bitcoin can crash or not, we should enjoy this moment and keep trying to make as much profit as we can, so we can make money before we are late.

[GreatArkansas]

(.....)

you mean the price? if yes, then you should check the price chart of Bitcoin, because the price of Bitcoin has crashed several times, but Bitcoin is still surviving and recovering, (....)

If you try to visit the link provided by OP, it is talking mostly on Bitcoin network itself, like how it is built or the technology behind it, just like what stompix said.

Regarding this question, most of these are just FUD, or they want people to panic.
If we talk about price, maybe we can say correction rather than crash, it is normal on the price ofcourse.

Additional, we can see the Bitcoin Obituaries here, how many they are declaring Bitcoin is dead - Bitcoin Obituaries - Bitcoin declared dead

[Coin_trader]

A lot of institutional investors already have a huge position in Bitcoin and will take that same amount or more money dump the current Bitcoin price since Institutional investors will never give up there position without having enough liquidity to fulfil there holdings. The only scenario that might cause a crash on Bitcoin is another outbreak of virus that will result to global financial crisis. Besides that, Bitcoin seems pretty solid.

Correction is high chance to occur but price Crash? Its almost impossible.

[bassbity]

to fall totally to the bottom, it was very unlikely. the reason is that so far bitcoin has not been abandoned, and is also held by the world's great leaders and businessmen. bitcoin must be a reference to stay standing. because with the existence of bitcoin, the paradigm of people in each country has good hopes for the future. personally I can't have any other reason to say bitcoin fell to zero. but to say as the foundation of the economy in the future, then I will be very confident, that later we can see bitcoin accepted all over the world without exception.