/biz/ - Business & Finance

>crash

How can you people not take 5 minutes to just look at the history of bitcoin and know about the 2011 and the more prominent 2013 crashes to actually know how the fuck this works?

crash won't come until there is a mass volume influx of buyers to allow whales and quick actors to sell off when the ATH never ceases at an alarming rate, making the price have a drastic drop (15-20% from ATH) and thus causing mass desperation selloffs by normies to try and keep from losing their investments too much.

The rise from 1800 to 3000 has been at an alarming right, but has been relatively steady, with corrections after each little spike.

Also people are looking too grandiosely at BTC, thinking that just because the price is high, that warrants a crash. Its relative to its growth, not its price.

Look at Bitcoin and then look at Bitbay and while one is worth thousands and one is worth cents, they have near identical growth patterns gaining 2-5% slowly with moderate spikes up, but corrections that always bring it back.

Once bitcoin gets past the $3000 buy wall, we'll either the gradual rise to $6000 when the normies will flood in for "free money" or the spike will instantly come around $4000 when media attention will bring up "in just 2 months bitcoin went from $1500 to $4000, why haven't you bought one?!"

I just pray the crash doesn't hurt alt-coins too much.

>>2171434
yeah but with MSM saying things like "1 bitcoin will be a million soon!" is going to get a fuckton of bold gen X who are only moderately competent to invest just like in 2013 when people were spouting about "a 0.25 coin is now worth 200! If you don't get one now, you'll miss out on when its worth 500!"

Market got super flooded with new buyers, skyrocketed the coin in wholly unnatural growth, whales pumped it even more for artifical growth, and then even more buyers came in, and then the whale did massive selloffs, tanking the coin.

Its correction was still higher than its original value, but it just ruins it for people trying to P&G in the market for moonshots or who are trying to ironhand it.

If BTC or ETH get too big too fast, it'll be a bloodbath for crypto in the face of this bull market. all ironhands will commit sudoku for their investments requiring 2 more years to reach 100% relative to what it was before the bubble pop.