Will Bitcoin eventually crash?

[Alina552]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars, huge profits and capitalists attracted us. Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this. To be honest, I also have investment, but only for profit.

[Cnut237]

Bitcoin's rapid price development

Look at the historic price charts with a logarithmic scale. Linear tells us next to nothing about a thing that has exponential growth, it just makes the latest upwards move seem like an outrageously improbable and unsustainable event, and smears previous price history to a flat line... but this is not the case. A logarithmic view demonstrates a clear and steady upwards trend over the years.

[Bitstar_coin]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars, huge profits and capitalists attracted us. Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this. To be honest, I also have investment, but only for profit.

Then what are you complaining about? is it that you want it to crash or you are looking for who will confirm that to you! even if the price will dip which is normal then be rest assured that it will come back with full force because it always does.

[Taskford]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars, huge profits and capitalists attracted us. Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this. To be honest, I also have investment, but only for profit.

Actually there's possibilities since bitcoin still based on demand and remember if there's no demand of it then all started to sell the price will provably collapsed, but there's nothing to afraid right now since bitcoin growth is so good right now since we have great days due to adoption recently and after those big institution joins crypto I assume that there are other more will follow them since many are now watching the performance of bitcoin these days.

[doctor877]

crash can only mean reduction in price which is  a normal thing to happen. you might mean maybe it will vanish or go to zero but this is not possible as far as bitcoin is concerned. everyone is here majorly for profits after which adoption and utilization will follow. its either you are for long term or short term, profit taking is always advisable.

[btc78]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars,

it is 58,000$ and not 54k you must dig deeper before creating FUD in this forum .

huge profits and capitalists attracted us. Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this.

All mentioned are indeed and profiting is normal in volatile market and that is why Bitcoin or cryptocurrency in general are attracting more and more investors.

To be honest, I also have investment, but only for profit.

Aside from profit , what would be the other option to have ? for future use? for trusting the cryptos?the block chain?

but what amaze me every time? is a Newly created account but comes here to Post this very knowledgeable thread , Why not use your main account instead of posting in newbie.

[Dave1]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars, huge profits and capitalists attracted us.

People also feel crazy during the 2017's bull run. The current rise maybe attributed to a lot of factors, including institutional money.

Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this. To be honest, I also have investment, but only for profit.

Of course, there is no guarantee, as I have said, after 2017's bull run, the market crashes, went into a long bearish trend. But I don't think that bitcoin will overthrow fiat though, and it won't become a world currency.

[DeathAngel]

Bitcoin goes through 4 year cycles from bull to bear, we see wild swings in price, face melting bull runs followed by long crypto winters. If you zoom out & look at a chart from when the very first block was mined what you will see is up overall & as an investor with any patience that’s all you need to know.

[Fundamentals Of]

That means you are only aware of the price of Bitcoin. The more you become aware of Bitcoin itself, the more reason you will be attracted to it. If you are only investing in Bitcoin for the money you will possibly get from it, that means you have not yet understood the technology behind the price.

What do you mean no substantive guarantee? The main exhibit of decentralization in Bitcoin is Bitcoin itself. Have you heard of anybody acting as CEO, owner, president, etc of Bitcoin?

[mk4]

If you meant temporarily crash in price, sure. It has happened in the past and it will happen again and again in the near-mind future. The question is, at what price? No one knows.

Take a quick look at bitcoin's price chart. You'd quickly realize that while price drops always happen, it catches up a lot higher after a while.

[BIT-BENDER]

 Bitcoin can one time/maybe at breaks crash in price but for Bitcoin to crash-out absolutely is going to be to me like an hallucination, and another hallucination is for Fiat to be a past because of crypto-currency,I think there would always be here now and in the future, but in future I think government would peel out crypto-currency restrictions as the one we have now.

[mezzaluna]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars, huge profits and capitalists attracted us. Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this. To be honest, I also have investment, but only for profit.

It is true that the price development of Bitcoin along with other Cryptocurrencies are different from the past years and it always has the possibility of crashing every year but it always fail to happen because of the overwhelming support and users that it is catering. I only expect it to have at least an stable value in which people can safely use it for a very long time without its value being volatile but I would really guess that it would take a very long time before we can see that thing happen.

[dothebeats]

I know almost everyone is certain that we will see a crash. The question is at what price would we see it? After the previous retrace back to sub-$50k just a few weeks ago, we are now sitting comfortable @ $56k with volumes getting wild on exchanges. After such small crashes come some rises on the prices, and it has been happening since bitcoin became tradable.

This market hasn't lost its steam just yet, and we're far from seeing crashes like that of 2018. Everyone and their mothers are highly interested in bitcoins, even banks and huge companies that previously despised bitcoin's idea. They don't want their potential profit-maker to just go *poof* after investing millions on it.

[Hippocrypto]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars, huge profits and capitalists attracted us. Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this. To be honest, I also have investment, but only for profit.

If you're afraid it would crash, then don't do long term holdings because you may be frustrated when it drop so bloody. The rapid development was indeed a historical past which everyone of us didn't expect to happen. Hopefully we'll able to experience bearish market once again to have another opportunity for those who didn't able to grab their sustainable profit.

[STT]

Speculators will leave the price because some will have borrowed dollars to buy a position they cant own long term.   If that population becomes too great in the price then it can force something of a reset in price but its not usually a crash, I think its more like a vice being turned as the trend is downwards some must leave and others can hold for the longer term so are more native to BTC.
   Any price that rises alot will have air pockets in it that must be shaken out for long term consolidation and greater price action to occur, its not always the negative it might first appear but it certainly will cause negative sentiment at that time.
   Price isnt the most important thing, thats probably the biggest thing to remember it is about a growing population and also imo utility must keep rising even for casual users with little understanding of this tech.   

[milewilda]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars, huge profits and capitalists attracted us. Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this. To be honest, I also have investment, but only for profit.

People does have different sentiment or views towards crypto. neither these do talks about;

-Sole profit
-Supporting adoption
-Go with market trend or what's new

Common things that you can really tell on why people do engage with Bitcoin.About on the talks with crashing prices then its just always been a part of this market.
Manipulative way? we cant tell but for sure it is highly plausible considering on looking into those institutions or big names that do get involved into
this market then you cant really deny the possibility.

[Wilhelm]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars, huge profits and capitalists attracted us. Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this. To be honest, I also have investment, but only for profit.

Psssst ....We're all here for profit

I don't see bitcoin going anywhere, anytime.
It's every investers wet dream at the moment....

[Oceat]

What you meant by crash is like the 2017 crash or a forever crash? lol

I think you meant to say is a 2017 bull market crash, of course, it's inevitable there's always crash in this market but it's just temporary so there's no need to worry that much. You are still lucky if it crash from this price because somewhere down the bottom there's a strong support that keeps it steady to be back at the price of like in early stages where you can buy 1 Bitcoin equal to $1 only.

Of course, everyone is waiting for that to happen but it's almost impossible to happen these days or it might never going to happen anymore due to the halving. Plus, we have all different large institutional investors joining the bandwagon that almost impossible to happen before due to the risk of losing because the media said so.

[pooya87]

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars,

That's because you are new and also forgot to look at bitcoin's history. Going from $6k to $54k is a small rise (800%) compared to the history of bitcoin. For example the last "cycle" bitcoin went from $150 to $20000 which is 13233%, or before that price went from $2.22 to $1200 which is 53900%
I suggest you take a look at bitcoin charts.

huge profits and capitalists attracted us.

Who is "us"?
Decentralization and censorship resistance attracted me.

Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this.

Bitcoin is already a global currency but it was never supposed to overthrow anything, that last part is something people thought of on themselves and you have to ask those who came up with it why they did!

Will Bitcoin eventually crash?

It depends on how you define "crash".
Going down 30% could be defined as a crash in any market. Bitcoin has regular drops of that size. So yes bitcoin regularly crashes.
Going down 10% could also be defined as a crash in many markets. Bitcoin has them even more than 30% drops.
Going down 80% could also be defined as a crash. It is rare in bitcoin and it only happens if bitcoin reaches a massive bubble like if it reached $500k.

[ElmedoRator]

If I were a selfish person I would say you would have crashed before bitcoin, before you could see it fall. This market took many years to get where it is today, it differs from other markets where there is very little actual value.

But do you know what it means to create it? I don't we just use it and find it good and valuable for best friends. And don't look at such a far-fetched perspective that you cannot imagine.