Quote from: Theb on March 01, 2017, 05:31:28 PM

Quote from: dearbesz1219 on March 01, 2017, 03:34:55 AM

Quote from: abhi777 on June 01, 2016, 12:34:58 PM

The value of btc will drop if this happens like a regular stock market crash

Even bitcoin will drop for sure many of the members here would buy more of it, or it will be a huge volume of buyers of bitcoin will take that opportunity to buy lots of bitcoin. You know the basic rules in trading buy at small price,lol...

Panic selling always happen. Usually it starts when a person or group of persons shorted anything from one price at a big volume, from that point other people will start to think that there is something bad that happened and they will follow shorting the asset. It is a normal phenomenon that happens when people want to take profit because they think the price is high enough and then when the price starts to fall they will buy again at a discounted price

You would need to short a really desperate amount of Bitcoin to affect prices today

But that might still be a suicidal enterprise given the current trends (i.e. unrestricted runaway growth). Someone had actually tried that and ended up suffering massive losses in early January. Even the almighty and omnipotent Chinese government tried to "short" Bitcoin (and even twice at that) but still failed miserably in the end. There is a trading wisdom that says that you should never catch falling knives, and it seems to work in reverse order too, i.e. don't try to seize jumping daggers, either