Post
Topic
Board Economics
Re: Big Crash coming
by
Jiamaf
on 27/08/2016, 10:27:15 UTC
Low rates lead to highly speculative decisions. This is a bomb being armed. I believe FED and other central banks are well aware of that.

do you think they will try to stop it? are bank still in competition with bitcoin, or they are just ging to work on their blockchain? i hope bitcoin can recover from the last crash and be stronger than ever
Bitcoin always recovers and that is the reality, if ever big crash will happen I am pretty sure I am gonna but cheap bitcoins due to some panic selling because I trust bitcoins so much that it can recover. We have survive a major crash in the past so we are more stable and stronger now.

I agree that bitcoin prices are more stable now compared to earlier, but I don't know whether it is correct what you said is always recover prices. Because bitcoin prices were over 1000 couple of years back and until now it never recovered that price so when you make a decision to buy think whether selling panic selling or any logic behind that selling otherwise your money may be stuck for years to recover.

We can say normally that bitcoins price is slowly stabilizing compared to previous years as same as you said. I remember that time that bitcoin price pump at $1k  and goes  down again. One of the characteristics  of bitcoin is its volatility and no one really knows  when and what price would be in the future. 

If the block size is small and the transaction confirmation time is long, not many people will use the bitcoin. The price will be lower.