Can Bitcoin Crash?

[posi]

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.

First, Bitcoin has gained the attention it deserves right from its creation through the support of the community but the government, banking sectors, and the institution just believe it was a mere joke. However, the  International Monetary Fund understand the era is fiat currency lead to failure, and there a need for the implementation of digital currency which they advised the government/central bank to create one but they seem not to believe it all until the pandemic happen which unleash the potential of Bitcoin to the world.

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/

After wasting the 2mins of my time reading the article, I believe you want the article to gain more traffic but to answer your question, Bitcoin can crash only if the miners choose not to mine it just like what we see during the season when BCH was forked and gained the attention of a lot Bitcoin miners.

[kryptqnick]

I think a big problem is with the word itself because 'crash' can be understood in many ways. The article seems to offer the meaning of crashing as shutting down, basically, and in that case I agree that it's not something that can just be wiped out of existence by some authority. Others in the thread replied about crashing in terms of the price, and while the price is not likely to go to $1k or less, it certainly might happen (there's nothing in principle that doesn't allow it to happen at some point). As for me, I understood it in terms of functionality issues, and when the network is overloaded with transactions, many of them can get stuck for some time, so in this sense Bitcoin can temporarily "crash".

[ChiBitCTy]

Bitcoin certainly could crash.  However I don't see this happening anytime soon and the truth is there are a few things that would/could help keep bitcoin around for a long time, regardless of most public sentiment.. one example being online casinos.  Bitcoin changed the game for those businesses.  Beforehand you had to use a credit card or cash to fund those accounts, then your winning came back in some shady check form some offshore island no ones ever hear of...crypto changed all of that.  Payments were instant, no shady checks etc.  This will not change anytime soon, hence one example of what will keep it around imo.

[abel1337]

I won't be shocked if bitcoin experienced a big dump or a downtrend one of these days, It possible even though there are big giants now that are backing up bitcoin like grayscale.

But a price crash? Nah it won't happen immediately but very possible in the future like what happened in the recent crash. There is a history of bitcoin crashing before so even though bitcoin has huge investors now, the possibility is still there.

[Review Master]

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/

When bear market was going on, few media was active in that time. But now market is on bullish trend and every media are promoting Bitcoin. This is ridiculous and media is only here for their own advantage, not for bitcoin. Also, i read included article and it seems to be a article about basic information like bitcoin network will explode or not, don't have enoguh info regarding bull/bear trend or price analysis of bitcoin.

[rhomelmabini]

Getting onto the article and it isn't a surprise that the site was yours but I think you just answered your own topic here. Well, we know how decentralized (some say it isn't anymore) it is but I think the catalyst that will trigger the crash if there are some people that want to exploit and gained 51% or more of the network, everything is possible but as you said it may take a long long time. The old saying says "there's always an ending" and that may happen as well to bitcoin who knows if that time was when all bitcoin was mined centuries from now.

[onecall123]

Crash the other part of Success so you don't just anticipate one things. However, This time bullish trend kind of different than 2017 and many institutions are getting involve. AS, After some pull back BTC again break $38k barrier and hopefully very possible next stop for Bitcoin price $40k. It's up to you whether you're looking those downtrend or confirm your profit.

[suzanne5223]

Theoretically, if we are talking about a crash in price every speculative is subject to crash since there are some activities like demand, supply and relative news which will impact the price of the market which is the reason why I somehow hope there won't be any possibility for the institutions which are the major investors of the market to dump their holding now or in the future but the current monetary policy of the government is what makes Bitcoin thrive so I don't expect that to happen though.

But if we are talking about the total crash of the market Bitcoin will only crash if the community and miners don't support it.

[Banprox]

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/

I can't appreciate with your opinion. I don't think so. I don't think that Bitcoin will crash. Bitcoin is one of the greatest Crypto currency in the present age. This is so much good and potential. I think Other Cryptos are dependent upon Bitcoin. So Bitcoin never crushed.

[YOSHIE]

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

Although you currently have 3 posts visible, but you have been aware of the forums and Bitcoin since 2016, this is a sign that you know all the history of Bitcoin development.

You can review your story in 2017-18 and now 2021, history can change every year, Bitcoin is traded on the internet market, not in the real market, at any time it can change in an instant, the same can happen to Bitcoin, that's already a positive thing in the crypto / internet market.

All you need to know is Bitcoin is currently on the rise throughout the world and is breaking record highs from the previous year, two possible ways of thinking of staying in the current position or falling down at the lowest level than before, what is clear is that anything can happen in the world of trading, that's the point.
Now it depends on how you think about Bitcoin going up, holding it down or going lower.

[Jaycee99]

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/

As for anything that can be possible, for now, it cant happen bitcoin won't even if critics might guess that bitcoin might hit its zero value.  

 I only see that if that happens bitcoin may crash for a possible reason

1. People stop investing in bitcoin because they might saw other better alternatives to invest in.
From what I see it won't happen for now.

2. There is a certain virus that crushed cryptocurrency.
Well, we all know a virus is a virus lest just say a certain malware of what that is powerful enough to kill the road that bitcoin is walking.

3. Maybe there was a miracle that all people who invest in bitcoin and all at once sell their bitcoin.
As we know the movement of bitcoins value depends on the investors.

[DarkDays]

I think a big problem is with the word itself because 'crash' can be understood in many ways. The article seems to offer the meaning of crashing as shutting down, basically, and in that case I agree that it's not something that can just be wiped out of existence by some authority.

As far as the price is concerned, yeah, there could be a 'crush' in the sense that the price could fall dramatically from today's 35K+.

As for the Bitcoin itself as a cryptocurrency, the event is near to impossible to happen. So, I don't buy this article, even if it was written in some convincing way.

Bitcoin is strong because of people. How can it just 'get shut' down - it can't.

[cryptozanga]

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/

Of course Bitcoin will crash, we are in a Bubble right now...

[jossiel]

but can Bitcoin actually crash?

It can.

But what makes you think that it can't? Bitcoin is still a speculative asset and it can crash for every crashing speculation by the majority or any popular guy in the community. However, bitcoin being that type of asset is stronger today because we've got the stronger investors too, the institutions.

It might crash anytime but there are always those investors who are willing to buy those bitcoins that will have the discount if it happens.

[fiulpro]

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/

See any asset will CRASH for sure but when i think about this article I think they are more concerned about the price rather than what we should be concerned about is actually:
Market adoption
People have started accepting cryptocurrencies not just for price but for adoption. The financial freedom it comes with during the pandemic is worth having those bitcoins with you despite being any crash.
Right now I will keep holding my btc despite this being high time to trade because I do believe that during quarantine anything can happen and I do not trust my banks to take care of us and nor do we have any governmental care to give us money every month like in USA.
I do think no authority can wipe it out !
Because we people have the freedom to do anything if we are all together honestly.

[7788bitcoin]

I think a big problem is with the word itself because 'crash' can be understood in many ways. The article seems to offer the meaning of crashing as shutting down, basically, and in that case I agree that it's not something that can just be wiped out of existence by some authority.

If there is a global unity from all the governments to shut down the big mining farms around the globe at once then it is possible to disrupt things for a while and that gives the boost for small time miners to run their home based mining and it will continue to function as normal until these government starts attacking the network with the help of these mining farms they confiscated .

So hypothetically it is possible but in the real world it is impossible to see something like that happening because billions of dollars are at stake and no government in the right sense will attack these business enterprises.

[ShowOff]

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.

I firmly believe that what you are saying is the fact that Bitcoin has the potential to fall in the future. History says so and there is always the potential for decline after major milestones or ATH.

However, bitcoin ATH this time has a lot of support from institutional investor and will provide a bit of a strong defense against bitcoin price as long as they store bitcoin. This will be something different from the previous ATH bitcoin known due to increased interest in ICO and growing investor.

OP, I just wanted to tell you that don't be afraid of the future of bitcoin because as long as bitcoin is in demand it will still be valuable. Price fluctuation is a sure thing regardless of how price bitcoin is being traded.

[eaLiTy]

Bitcoin is entirely digital. There is, and never will be, a physical form of the digital currency. While fiat currencies have notes and coins, Bitcoin, or any cryptocurrency, will never take on a physical form

The above is a quote from your site, since you claim that there will never be a physical form of digital currency, have you heard about physical BTCitcoin such as Casascius, Cryptmint coins and other forms of physical coins created by the fans. Then you can have physical bonds if any government is willing to hold a portion of BTCitcoin and start selling these bonds or even physical currency pledging BTCitcoin and countries undergoing inflation can allows adopt these, so you cannot say impossible .

[adzino]

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 article concludes by saying that bitcoin can never crash, which isn't true. Yes, it can crash. What if a vulnerability has been found which can't be fixed? What if we find some algorithms or computing power where the chain can be easily manipulated? What if all the government of the world unite together and impose a ban on using bitcoin? What if they make using bitcoin illegal, hence you cannot use it to exchange goods? What if a technology better than blockchain and crypto currency is found making bitcoin obsolete? The price will crash. Though the chances of these happening is small, there still is a chance.

[pixie85]

It can and it will.

Bitcoin always goes through cycles and these cycles aren't going to stop just because institutions have invested. These cycles are there because people always overbuy and oversell and go from greed into fear and back into greed.

In this cycle we are still between the lowest and the highest point so it's too early for a crash but it will happen. Maybe at 50 thousand, maybe at 100, we'll see.