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Author Topic: Can Bitcoin Crash?  (Read 585 times)
Bitcoinislife09
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February 05, 2021, 08:12:44 PM
 #41

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/

It is technically possible when we have no demand in the market for bitcoin or if a 21million supply is too many for a few people or demand in the market. But in my opinion, it will never happen today or in the coming years unless something happened that messes up everything in the bitcoin technology or if it is a hack. If we see the demand in the market for bitcoin it is almost impossible for the price to hit 0 if talking about dumping like 10k$ it is still possible like maybe if the market is manipulated so that people could invest in a lot cheaper price of bitcoin they just need to sell a large portion of bitcoin and that could totally crash the market price.

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February 05, 2021, 08:13:44 PM
 #42

Good technological innovations do not crash they only keep growing amidst the challenges ahead, every technology didn't had it easy, they struggle at one point before breaking through, gained attention and bloom. Bitcoin started for a long time now, it didn't had it easy as well and if it didn't crash in the early stage but struggled to retain its value and grew to this stage then it can only get better and stronger. However, one shouldn't confuse crashing with bear market or market correction as bear market is one of the stages which will always be in the crypto space because we humans will always have different opinions and reasons while crashing in the sense of going out of existence is impossible not with what has been achieved already.

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February 05, 2021, 08:16:30 PM
 #43

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/

In your article, you are talking much more about the Bitcoin fundaments than the crashing scenarios.

While the 51% attack on the network is possible, the more plausible scenario is governments regulating it hard/forbid it, similar to India recently. But I think Bitcoin and crypto are here to stay.

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February 05, 2021, 08:25:04 PM
 #44

Good technological innovations do not crash they only keep growing amidst the challenges ahead, every technology didn't had it easy, they struggle at one point before breaking through, gained attention and bloom. Bitcoin started for a long time now, it didn't had it easy as well and if it didn't crash in the early stage but struggled to retain its value and grew to this stage then it can only get better and stronger. However, one shouldn't confuse crashing with bear market or market correction as bear market is one of the stages which will always be in the crypto space because we humans will always have different opinions and reasons while crashing in the sense of going out of existence is impossible not with what has been achieved already.

There will always be crash but how deep? This is hard to answer though. There will always be ups and downs in the market. So if you call the dips as crash, then we will always have that. Every coin will have that scenario not only bitcoin. And right now, I don't think bitcoin will crash at the bottom level, we are already past that. There are so many stakeholders that are already in this community. Aside from that, adoption is growing owed to this pandemic.

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February 05, 2021, 08:32:17 PM
 #45

Not only Bitcoin, anything can be crashed. But the main thing is the ability of recovery after getting crash. In previous BTC market has been crashed a lot, After the adorable pump of 2017 the BTC market has been collapsed near around 500%, Price has been fallen to $3500 from $19000, More than 90% investors and hodlers have been loss their hope and left the market. But you can see just only gap of two years the market is recovered with 27697% ROI(return of investment). So at present no one is bothered about crash, everyone is waiting to buy at cheap price again.


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February 05, 2021, 08:35:39 PM
 #46

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/
Yeah, you are just trying to shill out and trying to find out some clicks for your 4king website.  Cheesy

When it comes to crash history then this site is much worth of to read on: https://www.exodus.io/blog/bitcoin-crash-history/

Generally speaking about Can bitcoin crash? Of course it does, this wont be called a market if we do just see continous price increase without
any pullbacks or consolidations.



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February 05, 2021, 08:46:51 PM
 #47

Your question need to be highligted whether Bitcoin will crash or cryptocurrencies as a whole, which really are you talking about.?
IMO, Bitcoin had passed through so many criticism right from the start since 2009 through governmental and individual complaints, now Bitcoin births altcoins making the whole system of crypto embodiments, on that note, it is the representation of ones bank while at the other end it's unacessible to other users, so if it crashes, it's because of the key owner's mistake, I mean, the term crashes has to do with the owner of the wallets misbehavior that's leads to hacking and frauding his wallets.
Also, if it happened to have been crashed, it would have done that since the days of ICO when China government banned ICO presale., So therefore Bitcoin is not going to crash anytime soon.

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February 05, 2021, 08:56:37 PM
 #48

Although, the OP question was not specified the aspect of Bitcoin to crash he really means and there's a saying that nothing is impossible in the market, which I believe something will trigger it but Bitcoin seems to have passed the level of it to totally crash cause it biggest enemies have now chosen to accumulate it.

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February 05, 2021, 09:02:51 PM
 #49

No, bitcoin cannot crash.
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February 05, 2021, 09:27:01 PM
 #50

Technically it is possible if we are talking about crashing to zero.
I doubt if this is actually possible, there's no way the price of bitcoin can crash down to zero, even the 2017 bull run when bitcoin crashed from $20k it stopped at $6k - $3k, it's didn't crash back down to zero, another example is during the pandemic last year ( the first wave of covid-19) I remember the whole financial market crashed, bitcoin still didn't crash back to zero, so there's absolutely nothing that can make the price of bitcoin to crash down 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.
Bitcoiners will always hodl no matter the dump on bitcoin price,cause just as you said it always bounce back even better.

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February 05, 2021, 09:32:19 PM
 #51

Bitcoin can not crash.
The previous US SEC Chairman once make a statement that thrills me more about cryptocurrency he said "the current payment system which is not up to the task is what helping the price of Bitcoin" and if we look at it, the institution are now the major crypto investors which mean the US SEC chairman was truth definitely there's no reason for Bitcoin to crash.

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February 05, 2021, 09:54:00 PM
 #52

one way that bitcoin can crash to zero is if buyers stops buying and seller stop selling. this is very difficult thing to happen. one sure thing that will keep happening is the price going down to some certain ridiculous levels and then it keeps up again over time  .                                                                                         

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February 05, 2021, 09:59:52 PM
 #53

Bitcoin is still prone to crash, one happened last year and another may come sooner when whales decide to jump ship. Honestly it's kind of pathetic that at this point, we're once again at the mercy of these whales out there who with a single press of a button, can cumulatively make bitcoin worth dirt-cheap. Not to mention the fact that more and more corporations invest on crypto which is good for the coin but bad for the small-time investors like me.
in general bitcoin can experience a fall. but remember, there must be a special and big cause of the fall of bitcoin. because I think currently bitcoin is experiencing a rapid increase the market will not allow bitcoin to fall quickly. but in the future, bitcoin will fall just a matter of time and it will be a good moment to buy bitcoin in large quantities
Having lived to witness the GameStonks phenomena, I would beg to disagree to your statement that there has to be a major reason for bitcoin's crash if it were to happen, sometimes things like this can happen out of spite.

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coolcoinz
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February 06, 2021, 11:31:50 PM
 #54

one way that bitcoin can crash to zero is if buyers stops buying and seller stop selling. this is very difficult thing to happen. one sure thing that will keep happening is the price going down to some certain ridiculous levels and then it keeps up again over time  .                                                                                         

It doesn't work this way. If there's no trading on exchanges the price will flatline on the last traded level. If it were like you're saying, if suddenly people stopped trading real estate in your area, the house you paid a million dollars for would instantly go to 0. Trading can stop for many reasons. For instance, last year US stock exchanges were closed to stop people from selling and it did not make stocks go to 0. When trading resumed it begun and the level from before the shutdown.

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February 06, 2021, 11:36:55 PM
 #55

Hi there 4king, it is very far compare to crashing a boeing. It been more than 12 years since the network been live and since then there are several price pump and price dump. Until now the network and the price is still intact actually, there are increasing number of people that join in the bitcoin era. It is very far that the bitcoin will crash. It is like asking will the internet crash.

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February 07, 2021, 04:58:01 AM
 #56

one way that bitcoin can crash to zero is if buyers stops buying and seller stop selling. this is very difficult thing to happen. one sure thing that will keep happening is the price going down to some certain ridiculous levels and then it keeps up again over time  .                                                                                         
Bitcoin is most popular cryptocurrency. I believe traders will never stop trading bitcoin. Even, Sometimes full cryptocurrency market depend on bitcoin.

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February 07, 2021, 05:09:10 AM
 #57

From my observations, now Bitcoin can go only in one direction - to the Moon!

Yes, we will observe short-term drops, but the general direction is up! And it can't be otherwise with the interest of mainstream media, institutional investors and regular guys.


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February 07, 2021, 05:59:42 AM
 #58

Technically it is possible if we are talking about crashing to zero.
Bitcoin going to zero is like all of the holders of Bitcoin will sell all of their holdings. Do you think it will happen?? ALL of the Bitcoin holders will sell all of their Bitcoin just to make its price go to zero?? Kinda impossible or in short its impossible to happen.

Crashes in crypto space are normal already and we've seen it many times. I've been learning crypto since 2017 and from that year until the present, I've seen Bitcoin made a major/huge crash twice (start of 2018 and the Pandemic Crash). Fortunately, after a crash there will be some who are happy because they bought Bitcoin at a lower price and there are some who are sad because they see their portfolio at a loss and some cut loss. Crashes are normal. Yes it will happen but if you will project Bitcoin in long term, it will always be going upwards Smiley.

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February 07, 2021, 08:16:52 AM
 #59

... but can Bitcoin actually crash?

I would prefer to create an article in this forum and expand some thoughts written from the article in the link given, as I am not going to follow that.

We all know that Bitcoin will crash. This comes with 100% certainty. Looking at Bitcoin historically we see it crashing very often, however the lowest price it crashes is always higher from the price the rally started. Bitcoin crashes, it is then declared dead by media and at a point it begins recovery again reaching new all time high prices.
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February 07, 2021, 09:57:40 AM
 #60

yes it can. its very obvious. You have to always put it in your memory that bitcoin is something which got pump from  20 dollar  to the value of todays. Value of bitcoin depends supply and demand of its. obviously bitcoin will get crash. 
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