Redditors, what are your thoughts? Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. Source: coin360.com ... How to Find the Next Top Reddit Stock of 2021 By Thomas Yeung Apr 9, 2021. The round saw investment from a diverse array of participants, including Seven Seven Six — the venture capital firm co-founded by Reddit executive chairman Alexis Ohanian — Serena Williams’ Serena Ventures, management company Night Media, and various social media influencers. Bitcoin is a distributed, worldwide, decentralized digital money. ... Twitter Reddit. Anyone that says they know for sure is a liar. The hype will slowly go down this fall, with prices slowly falling to 50% of now. Bitcoin could crash! Asking other people if btc will crash is also not useful: they don't know. Mon, Apr 12, 2021. That’s a big drop for any market. We can only estimate the crash bottom when it’s already crashing and, even though, it might be quite wrong. Where does it go from here? During the late 2017 price surges, prominent cryptocurrency figure George Popescu spoke of the need for a specialized suicide prevention hotline for people affected by the significant swings. Edit: Question meant for discussion. Cryptocurrency Market Overview. Bitcoin is extremely hyped atm. It corrected 30% a couple of months ago. Thing is, BTC crashed in 2018 after reaching 20k. He made no mention of Bitcoin, Reddit, or Robinhood whatsoever. Clem Chambers. A picture tells a thousand words: Image courtesy of Reddit.com. Bitcoin has crashed from $12,000 to below $10,000 all in under a week. This coincides with the seemingly continued crash that the […] True. I just find it very interesting to hear people’s thoughts on the topic. And if history is any guide, we’ve got a pretty massive correction coming our way. The losses reverse a rebound that halted Monday’s 20% price crash from all-time highs near $58,000. Who are these several people and what are their qualifications? Bitcoin passed $20,000 late in 2020, and now it’s pushing $51,000 in early 2021. Press J to jump to the feed. The combined market capitalization of the industry now stands at just $338 billion. After it made the all-time-high crossing $61k, there was a sharp fall to $54k, and it has recovered since then. It will definitely crash in the next 10 months, probably multiple times. "Maybe what we should do right now is to set up a suicide prevention lifeline to give those who hoard bitcoins a call and ask if they really know what they are doing.". has it ever had a year where it didn't crash? Georgia's Voting Law Doesn't Go Far Enough, How Far Will Bitcoin Fall? It would be a risky move to try that though if large companies start short selling Bitcoin and people on the internet find out and decide to buy it up just to ruin the plans of whoever is short selling: or to basically troll short sellers like they did with GameStop and some other stocks that were being short sold. In the future you might even be able to buy BITCOIN when it's low, sell it at the beginning of a crash and then short sell it to make even more money by basically betting against it rising to a certain point again within a certain amount of time. A few have sold out, a few hodl as they believe in the technology and will continue to hold whatever happens. At that time, Bitcoin similarly was soaring. wNews: Reddit Communities and The Future of Bitcoin. *the above is a random prediction not financial insight. I mean I am long game but I do want to know if a crash is coming.. "The hardest hit people are one of the following: Newcomers, Margin Traders, or Day-Traders (and those in Bitconnect)," stated the post, which has received more than 45,000 upvotes and more than 3,000 comments. I am eager for a dip. So, she borrows the stock from a brokerage and quickly sells it for $10. As always there is speculation from people I do not know as well (see articles like this one https://www.forbes.com/sites/investor/2021/01/13/bitcoin-crash-2021-what-next/). March 15, 2021 / in Bitcoin, Featured / by Bitcoinist Bitcoin price is down more than 10% from the weekend’s new all-time high set above $60,000 after an overnight selloff. ... Stock A is trading at $10, but Kaye thinks it’s going to crash soon. I have spoken to several people who believe a big crash will come this year. The volatility of bitcoin has previously been named a factor in suicide, with a post on Reddit's bitcoin forum last month detailing a story in which a 29-year-old man apparently killed himself after missing out on the bitcoin gold rush. Press J to jump to the feed. Investors Expect Rebound, JPMorgan Chase CEO Regrets Calling Bitcoin a Fraud, Bitcoin Price Crash Is a 'Blip,' Not a Bubble Bursting. I can't imagine what my brother must have been feeling these past several years knowing he missed his best and easiest shot at the wealthy life he had always fantasized about. Bitcoin and other major cryptocurrencies have lost almost half their value since last month, prompting forums to offer suicide prevention support to users. It slowly went to $60k on 18th March but fell back again after a strong rejection at a price. A community dedicated to Bitcoin, the currency of the Internet. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. However, Reddit founder Alexis Ohanian recently was interviewed by CNBC, saying that he does not see the market reaching greater maturity and stabilization without having a crash. Press question mark to learn the rest of the keyboard shortcuts, https://www.forbes.com/sites/investor/2021/01/13/bitcoin-crash-2021-what-next/. In the case of speculation I hope you’re not using bill money to play. r/Bitcoincrash2021: Open and free discussions about the Bitcoin crash of 2021. Furthermore, if they say they do know, it's most likely based on nothing. There's no point in saying there will be a crash without any argument to support it. R.I.P. what's a crash? Bitcoin can move north in a hurry, but it also can move, and has moved, south at roughly the same pace. If they lose it, they can get really hurt in this bitcoin craze," Popescu, the CEO of Block X Bank, told The Korea Herald. Senior Contributor. pic.twitter.com/l9yfuZq9q8. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. There will be more in many different subreddits. Six months after suffering a brutal crash, bitcoin is crashing yet again and unlike the last time, the reason is slightly different. a 30% correction mean that maybe some stok went down by 60% and other dont. Bobby Lee pointed out the pattern that Bitcoin has been following for years now. U/Cryptorich13 explained in a Sunday post how he converted his 80,000 Moon reward to Bitcoin earlier this year. Again, on 20th March, Bitcoin was unable to sustain the $60k price level and fell back to $57k. Bitcoin Cash (-8%), Litecoin (-6%), Binance Coin (-5%), and Cardano (5%) follow. Bitcoin has crashed multiple times and has always managed to come back stronger so far. ... (@TheStalwart) January 25, 2021. Thirty thousand dollar on bitcoin was always going to happen, $40,000 was quite likely, $60,000 not very likely and $100,000 will take an amazing piece of market mania to reach. Sunday saw bitcoin flash crash, causing large-scale liquidations across the board. I hold crypto since mid 2016, every week buy more, do a lot of trading. However, a price crash in Bitcoin or any other cryptocurrency is nothing new. Over the past month, retail investors on Reddit's WallStreetBets (WSB) … Bitcoin closed February 1, 2021, at $33,412.95 per BTC. Bitcoin can never crash to zero-Reddit user April 10, 2021 Jigan 0 While it is true that Bitcoin (BTC) could theoretically crash the tens of thousands dollars necessary to take it to zero, a user of Reddit […] "If I had missed out on $50M I might have killed myself too. The price falls of bitcoin and other major cryptocurrencies—like ethereum, litecoin and ripple—have been attributed to a variety of factors, including news reports in South Korea and China about increased government regulation on exchanges, as well as the closure of the popular crypto platform Bitconnect. He also said that 2021 is a wonderful bull year, just like 2013 and 2017. Bitcoin’s blazing run in 2021 brings back memories of the crypto’s infamous crash in late 2017. Buckle up and hold on -- 2021 might be just as volatile as its predecessor. Spread the loveThe crypto community should breathe easy about Bitcoin’s longevity — a single Reddit user has you protected. Edit 2: People being acquaintances who own cryptocurrency (I do not). The largest pyramid scheme collapse in history. ", You have 4 free articles remaining this month, Sign-up to our daily newsletter for more articles like this + access to 5 extra articles. So if you're telling me even if it "crashes" again, I only have to wait two years for it to be worth ~six figures? I have spoken to several people who believe a big crash will come this year (especially following the recent all time high). Asking that is like asking if the stock market will crash? Press question mark to learn the rest of the keyboard shortcuts. wanna buy as much as possible. Once Covid ends and people get on with their lives, im assuming many new investors will take out their profits, go on holiday with the family etc. LOGIN ... Sees Suicide Hotline Appear on Reddit Forum, as Bitcoin Price Continues Slide ... been impacted financially by the price crash. ", These are actual digital gravestones of Bitconnect bagholders having their savings evaporate before their eyes. The cryptocurrency forum on Reddit, which has almost half a million subscribers, featured a post with links to the U.S. National Suicide Prevention Lifeline, as well as other suicide and mental health resources for people who live outside the United States. See why nearly a quarter of a million subscribers begin their day with the Starting 5. Bitcoin’s market capitalization stands today at $621,609,464,753 which is 60% of the entire cryptocurrency market. This is 20% below the previous all-time high of $41,940, which was hit on Jan. 8, 2021. A crash is only a concern if whatever crashes fails to recover. Ripple has lost the most from the top ten after an 11% drop against bitcoin. quite, yea but stock market is a mix of stoks. Three Catalysts And there are a pair of catalysts that could trigger another decline in 2021. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Purely meant as a question for discussion. ... Bitcoin Crash 2021: What Next? The price of Bitcoin has fallen a stomach-wrenching 64.5% since December 17, 2017. From my point of view, somebody on the Internet claims they spoke to "people" and that those "people" believe in a "big crash. The Reddit poster calculates that the original wallet had bitcoin holdings worth $844 million translating to approximately 111,114.62 coin holdings of bitcoin and bitcoin cash. Although there is no specific threshold for stock market crashes, they are generally considered as abrupt double-digit percentage drop in a stock index over the course of a few days, https://www.investopedia.com/terms/s/stock-market-crash.asp. "People borrow money and invest in cryptocurrencies. The bitconnect subreddit is a cemetery. Bitcoin and other virtual currencies have nearly halved in value since last month, prompting a popular cryptocurrency forum to offer suicide prevention support to any members who may have been impacted financially by the price crash. Either you truly believe in it to HODL and aren’t too worried about short term volatility or you’re here for speculation. Bitcoin has been having a tough time crossing the $60k resistance level. by. Forbes is an unreliable source of information. Bitcoin bounced at $47,400 on the day to return to $54,000 before a fresh dip took hold. Burry highlighted Germany's hyperflation in the 1920s as a cautionary tale for the US. If it will ever crash below todays USD value, I dont know and neither does anybody else. At the time of writing, $47,000 was again acting as some form of focus for support, with the trajectory still unclear amid heavy volatility. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Hope it does! Although Bitcoin (BTC) could potentially crash by the tens of thousands of dollars needed to get it […] :). Bitcoin rewards app, Lolli, has announced the close of its pre-series A fundraising round after raising $5 million. "The vast majority of people who have held for more than 60+ days are still in the green. It’s going to continue to fluctuate. ... 2021. As long as Bitcoin continues to do that a crash isn't a bad thing, it's an opportunity to buy it up cheap and hold it until it recovers again then sell it when it appears to have hit the peak and is crashing again, then wait for the next crash to scoop up more. Glassnode estimated that long-term bitcoin holders had reactivated about 9% of supply so far in 2021 by spending coins, though this was below the 17% reactivation before the market’s crash … You son of a bitch, I'm in. We’re up 3.2% in the last 7 days and up 15% since the year began. Critics and experts of cryptocurrency alike have their ideas about what could make the market work in their favor. From here bitcoin will fluctuate a bit up and down until the next large spike, and in 10 years it, along with other crytos will be widely adopted by by different companies so on and it will go to Mars. If Tether should stop functioning normally, it could cause a flash crash for the price of Bitcoin. As with everything, it is impossible to know for certain. ... help Reddit App Reddit coins Reddit premium Reddit gifts. To continue reading login or create an account. Bitcoin is a distributed, worldwide, decentralized digital money. Is that a crash? Google searches for “Bitcoin” have soared in Turkey following the drop of the Lira against the US Dollar on Monday. For skeptics (and I remain one of them), early 2021 looks an awful lot like late 2017. Ethereum choice was rather apparent as Reddit was looking into exploring an open-source and publicly available scaling technology. Bitcoin cleared $1,000 on New Year’s Day 2017. Most of the alternative coins have lost value compared to BTC, which resulted in the described above rising bitcoin dominance. The History of Bitcoin Crashes For skeptics (and I remain one of them), early 2021 looks an awful lot like late 2017. In a post titled 'My brother killed himself because of BTC,' one user wrote about how a sibling became depressed after selling or losing up to 15,000 bitcoins before bitcoin's dramatic price surge in 2017. Read more: Bitcoin price fall sees investors hold, saying cryptocurrency crash is a "yearly pattern". A Reddit user named “u/Cryptorich13” has capitalised on the crypto incentive scheme of the social media site by converting his free coin stash to Bitcoin (BTC). Gold plated souvenir bitcoin coins are arranged for a photograph in London on November 20, 2017. Bitcoin, the crypto industry’s first blockchain-based currency, has survived several speculative deaths in the years following its 2009 introduction. The $10,000 Bitcoin crash makes for great headlines, but the world's first and only truly decentralized cryptocurrency is still on its way to $100,000 this year. It’s highly volatile and a crash could happen any time. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome. As someone who is into the market for some time I feel completely inadequate to make predictions like this. BuyUcoin, a cryptocurrency exchange based in India, was the alleged victim of a data breach that may have affected more than 150,000 customers. He said that every 3-4 years, the cryptocurrency has a wonderful bull year. The suicide prevention post on Reddit, posted by a user going by the name of A_Internet_Stranger, explained how people new to cryptocurrency investing would be among the worst affected by the recent price drop. Bitcoin unbelievers. The value of his holdings has risen with the new Bitcoin price pump. With the total market capitalization dropping by almost $4 billion Bitcoin recently went above $41,000, slid down to $30,000 and now sits near $34,000. "The Big Short" investor warned governments might 'squash' bitcoin and gold to protect their currencies. "As the price took off in late 2013-early 2014 you could tell he was distraught over it and became increasingly withdrawn from family and friends," the post stated, before describing the circumstances of his death. Analytics has revealed that searches for “Bitcoin” on the popular search engine by Turkish residents shot up by 566% on Monday amidst reports of the Lira’s fall against the dollar. I don’t argue that there will be or not as I’m very new to this. Far will bitcoin fall sells it for $ 10 critics and experts of cryptocurrency have. Catalysts that could trigger another decline in 2021 any market to offer Suicide prevention support to users in after... 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