Is bitcoin on its way to a big crash?

[LatinoSlayer91]

Hold up let me get my huge crystal ball out and tell you.

Ya fooken moran

[BostonRockets]

makes sense but check out how much it is spiking in the last 6 months compared to the last 6 years, it's exponential. Do you think it's going to stay at this level and dip a bit, or normalize and come crashing down at some point?

Still lots of room for growth. Exponential growth is always expected with technology. It's hardly ever gradual.

[aleeboy]

As long as there is demand from buyers... the price will go up.

Don't be caught holding when there are no buyers. This applies to any speculative investment. Think penny stocks or companies with very little in the way of fundamentals (usually suspended due to stock manipulation or holders are left holding due to lack of liquidity).

Strong bandwagon mentality driven by greed out there. It's a classic scheme that will create and transfer wealth for few.

[Aahl]

I don't think we'd ever see it crashing again to the $100s like we did see in 2013-14. The difference then and now is that we are seeing the start of mass adoption. Crypto is no longer seen as just for Internet geeks, when we see big corporate firms like Deloitte and Microsoft looking into blockchain. We will see this spike correcting like any other market, but IMO as crypto enters the mainstream lexicon we willl continue to see Bitcoin and the other big name coins rocket over time another ten or hundred fold.

Obviously we won't see the hundreds of alternative coins survive. That's why those are the pump n dumps you want to make quick cash from.

blockchain tech but not the actuall crypto btc ?

[Aahl]

the value of btc is defs overinflated , theres no doubt about tht. Widespread adoption of wut, the actual cypto ? It mainly used for selling/buying drugs and moving money from one FIAT to another. The price has inflated from a bunch of people just buying btc and holding it.Any of the big holders decide to sell , price comes crashing down. From a uninformed perspective that is what i see.

[hewhodar3s]

Who knows brah? The graph isn't really that telling when you compare it to others

I just had a random thought and that is one great thing about BTC is that it's awaring a younger generation about the benefits of investing, I just hope they diversify into the stock market for diversification and don't keep it all in bitcoin/others.

[y0jimbo]

Bitcoin will be worth $500,000/coin within 24 months

[goonsondeck]

It wont crash unless something like the bcash drama or china ban comes along again, it will however correct imo.

as a currency it actually sucks balls its slow and the fees are too high.

my 2c.

[pechorin]

It wont crash unless something like the bcash drama or china ban comes along again, it will however correct imo.

as a currency it actually sucks balls its slow and the fees are too high.

my 2c.

I keep hearing that. Can you explain that more? I’m just trying to understand how it all works.

I sent a few hundred worth just to try it and it was like 2 dollar fee. Took about 1 minute or 2 minutes till I saw the funds on the other side. Is that about normal?

[ItzcoolBrah]

Let me re-explain my position in a way in which you'll understand. I have a Honduran housekeeper named Rosa, barely speaks a lick of English. One morning during breakfast Rosa walks into the dining room and hands me a handwritten note in broken English, a note which must have taken her over a hour to piece together. Rosa's only daughter just got engaged and she wanted to know what kind of wine to serve when she and her husband hosted the two families for an engagement party this weekend, within their price range of course. I signal to Rosa to stay here and that I'll be right back. A few minutes later I walk back into the dining room and hand Rosa a bottle of wine. She immediately begins to cry. Why you ask? Often Rosa works in the kitchen and she sees my chef's receipts. I have a bottle of wine with each dinner and Rosa knows that she never brings a bottle to my table that costs less than $10,000. Now Rosa is a proud woman. At first she refused my gift. I communicated to her that I wouldn't accept no for an answer and she finally agreed to accept my gift while at the same time informing me that she will not be accepting a Christmas bonus from me this year. See, Rosa comes from nothing. She and her husband Ernesto raised their four sons and one daughter on the incomes of a housekeeper and day laborer. They refused to take any form of government assistance because they believe that they owe America, not that America owes them. The day after the party, Rosa's daughter came by my home to personally thank me for the bottle of wine. She told me that the bottle was split amongst all of the guests at the party, just enough wine in each glass that each person was able to have a taste following a toast that her father gave in my honor.
Right now you're probably thinking, "Wow, that's a touching story, but what does this have to do with my presentation?" See, what I never told Rosa was that the bottle of wine I gave her wasn't from my personal wine cellar. Rather, it was a bottle of Two Buck Chuck that I keep in my garage because the acidity cleans the grease right off my hands after I get done working on my 1960 Porsche RS60. How was I able to get away with this? It is because I am perceived as a winner. You are perceived as a loser. For that reason, I'm out.

[11lemon11]

lol @ coincels thinking they're gonna get rich. You missed the boat, chumps. Should have bought in at $3 per coin. Keep dreaming that bitcoin is going to reach $1,000,000.

[Aesthetical]

I pulled out my initial investment at $8.3k and let my gainz ride

[Bentley41]

Too big to crash? yeah just like Lehman Brothers

[jamalfudge]

Student loans, auto loans, and the dollar will crash before bitcoin does.

[shoobey]

There is nothing in that chart suggesting a significant crash

I hope it doesn't but kind of looks like a bubble in the making? Compare the huge spike this year to the charts showing the dotcom bubble crash and housing bubble

[shoobey]

Who knows brah? The graph isn't really that telling when you compare it to others



I just had a random thought and that is one great thing about BTC is that it's awaring a younger generation about the benefits of investing, I just hope they diversify into the stock market for diversification and don't keep it all in bitcoin/others.

Hey man don't think your image link is working

[wickedman]

No one can say. If you listened to the MISC skeptics you can probably find a Bitcoin thread every year for the last 10 years with 50+ replies of people saying "It's going to crash sucker!"

[JIGSAW]

Only way to know is to get in and surf the wave........but only invest what you can afford to NOT miss...........fun to watch tho

[BK909]

Cracked 10,000

Congratulations boyos.

[anonkunbrah]

just find a bitcoin****

[JayJ350]

It will potentially bubble as more blockchain platforms and cryptos gain significance but now this is dominant and will be healthy for a while

I heard some legislators are trying to make it illegal to be used for legitimate transactions due to some kind of taxation issue, which will render it just a black market currency as far as most of the world is concerned.

Who knows if that will happen, but it's still a very real risk.

[GabrielNovar]

bitcoin is the new stock market.

stawks are for your grandfather we internet space cash now. profits come quick and never end

[.aeterna]

Cryptocurrency = fail.

meanwhile,



stay mad

[nin-com-poop]

The real danger is people just putting money in cryptocurrencies where they have no idea what the tech does?

Look at the rate Cardano has increased: https://coinmarketcap.com/currencies/cardano/

That is surreal. It sort of makes me want the whole thing to crash to teach people a lesson. The majority of people could care less about the tech, but only become "Bitcoin" milionaires because it's only at pennies of a dollar.

[Metz00]

There are around 16.5 million bitcoins in circulation. The maximum amount is supposed to be 21 million.

[PisseninMisc]

Just like most other topics in life, you can tell who are the jackasses who haven't done research when they claim it's definitely a ponzi scheme, or definitely going to crash or definitely the new paradigm

People who know the most about it always give the same advice: noone really knows.

[tightteeshirt]

There are around 16.5 million bitcoins in circulation. The maximum amount is supposed to be 21 million.

whoa, I didn't know it was that close to completion (although I understand they get harder to mine as it goes along...I think..?)

[shoobey]

I heard some legislators are trying to make it illegal to be used for legitimate transactions due to some kind of taxation issue, which will render it just a black market currency as far as most of the world is concerned.

Who knows if that will happen, but it's still a very real risk.

I'm no tax expert and take this with a grain of salt but pretty sure bitcoin and other cryptocurrency gains need to be reported to IRS already, either as income or capital gains depending on the situation. I could see the issue not reporting profits gained via darkweb matters though but that is obviously illegal transactions

[Luc1fer]

lol @ coincels thinking they're gonna get rich. You missed the boat, chumps. Should have bought in at $3 per coin. Keep dreaming that bitcoin is going to reach $1,000,000.

coincel checking in, haha - and ye I tend to agree with you. You can make a bit of cash though.

[shoobey]

coincel checking in, haha - and ye I tend to agree with you. You can make a bit of cash though.

Right now I'm planning to pick some up next time there is a large drop. low enough amount that I would be OK losing it all in a worst case scenario