Another Bubble popped? | Bitcointalksearch.org

exstasie

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Quote from: LexLuther on March 17, 2018, 12:30:09 AM

I know the drop has caused a lot of consternation for recent investors, but people just getting in like myself are benefiting as we dollar cost average into larger positions. I believe long term in the tech and growth in this space, so having lower prices and a little time to develop a position is helpful

That's exactly the right attitude for a long term investor, as long as you can stomach the drawdowns.

The problem with some "hodlers" is that they psych themselves up into holding through the bull markets and then start to lose faith during the bear markets. And they end up selling the bottom in despair to stronger hands. There's nothing to be done about it....just typical market cycles. But it's something to keep in mind.

When we neared the market bottoms in July 2013 and August 2015 in particular, I recall feeling true despair as a lot of old hodlers gave up hope.

LexLuther

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I know the drop has caused a lot of consternation for recent investors, but people just getting in like myself are benefiting as we dollar cost average into larger positions. I believe long term in the tech and growth in this space, so having lower prices and a little time to develop a position is helpful

amwer

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"I think we are going to see Bitcoin hit $ 60,000 mark, but I think we are going to see bitcoin hit $ 5,000 mark," says Hope, co-founder and president of TenX, it is a firm which wants to make virtual currency cost easier for people .
Bitcoin's price has dropped down now. So it will have to wait a long time to grow.

exstasie

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Quote from: exstasie on March 16, 2018, 02:57:39 PM

We're four hours from the next candle close. I'm hoping that bulls can at least hold this area if not push higher into the close, but we're hitting resistance at $8,600 (the breakdown level before the plunge to $7,600s). Fingers crossed. This would be a nice 2-bar reversal pattern:

LOL. So we were consolidating below the highs all day. 20 minutes before the daily close, someone market dumped ~1000 BTC on Bitfinex. Instead of confirming the outside bar reversal, the candle closed as a spinning top doji (indicates indecision and pushback from bears).

Classic Wall Street shenanigans. Roll Eyes

exstasie

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Quote from: exstasie on March 15, 2018, 04:09:02 AM

First signs of life off the $7,600s:

The daily is still in the shitter, but if we can close near $8,200+ then we've got a dragonfly doji. The upside here is that the market is heavily short right now.

The daily closed as a dragonfly doji. We're four hours from the next candle close. I'm hoping that bulls can at least hold this area if not push higher into the close, but we're hitting resistance at $8,600 (the breakdown level before the plunge to $7,600s). Fingers crossed. This would be a nice 2-bar reversal pattern:

Ideally, we'd see a V-bottom right back to $9,000. So this isn't ideal, but it's also not the failure that bears were expecting.

exstasie

legendary

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8% bounce from the lows so far. Not bad.

Here's a couple hopium ideas for the hodlers. These haven't been invalidated. Yet. Lips sealed

Pitchfork to $33k from @CarpeNoctom:
https://twitter.com/CarpeNoctom/status/974119627398762496

Bullish fractal from @joezabb:
https://twitter.com/joezabb/status/973994490095693824

terrific

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Quote from: lingwistiko on March 13, 2018, 08:04:07 AM

Market price fluctuations are just normal in the cryptoworld and there are lots of factors affecting to it. We can't also tell how long this situation stays and all we can do is just wait for the better days to come.

And for those who keeps on telling it that it's a bubble, it isn't. The bubble issue about bitcoin will never die.
There are people who keep this argument alive, I know you can't do something so you are making this for argument's sake.
At least the price was still higher than last year's price, how can you recognize that?

newwest

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★777Coin.com★ Fun BTC Casino!

Quote from: pinky on March 14, 2018, 05:39:13 PM

This one isnt bubble but there are some similarities between popped bubble and long term correction. As a trader i advice to keep holding our coins because there isnt any fundamental reason to sell it for cheap price. Buying high and selling low is dangerous and foolest way to lose money in markets.

This is obviously for me not a bubble or bitcoin is not at all a bubble to be precise. People who do not understand or fear are those who call it a bubble and trying to create a panic in the market. BTC price have started to recover and crossed 8200$ now and should be 10k by march end.

exstasie

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Quote from: exstasie on March 14, 2018, 04:58:39 PM

It's still possible this is a larger whipsaw, but it's way too risky to knife catch in this environment. Unfortunately, the chart has turned bearish on the 4H, 1D and 1W charts. And bears have time on their side. Nothing to do but wait for signs of life from the bulls.

First signs of life off the $7,600s:

15min inverse H&S completed, pushed into resistance. Maybe we'll pull back now and form a higher degree H&S on the hourly. The volume profile looks right.

Dragonfly doji and follow-through on the 4H chart:

Bulls have their work cut out for them, though. Looking for more confirmation. The daily is still in the shitter, but if we can close near $8,200+ then we've got a dragonfly doji. The upside here is that the market is heavily short right now.

sjefdeklerk

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SODL

Quote from: pinky on March 14, 2018, 05:39:13 PM

This one isnt bubble

Whahaha bitcoin not a bubble. You can't use it (almost no shop accepts it), it can only process 14 transactions per second, it doesn't scale so it will never work anyway, lots of countries have banned it already and you tell me at $8200 it's not a bubble. That's funny.

This sir, will go into the history books as the biggest bubble in history. Hundreds years from now they will still talk about this bubble. Mark my words.

pinky

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This one isnt bubble but there are some similarities between popped bubble and long term correction. As a trader i advice to keep holding our coins because there isnt any fundamental reason to sell it for cheap price. Buying high and selling low is dangerous and foolest way to lose money in markets.

Jacques_Bittard

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Bitcoin bubble doesn't pop. The air is released in a controlled manner. The bubble filled until December 2017, the rest is just letting out of air in a way that profits those in control the best.

exstasie

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Quote from: Proton2233 on March 14, 2018, 12:22:57 PM

Why is everyone panicking?

High-momentum selloffs will do that. We've been stair-stepping down; bounces have been really subdued. That can do a number on peoples' emotions when holding losing positions.

It's still possible this is a larger whipsaw, but it's way too risky to knife catch in this environment. Unfortunately, the chart has turned bearish on the 4H, 1D and 1W charts. And bears have time on their side. Nothing to do but wait for signs of life from the bulls.

Latest from John Bollinger (1D timeframe):

Quote

No confirmation of a bottom ever showed so now it is time to see if we get a W bottom. So far, not looking like it. #BTCUSD

.....and there goes $8,000. Undecided

Proton2233

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Quote from: eann014 on March 13, 2018, 09:22:28 AM

Yeah, bitcoin price is getting lower every day; hope that it can recover this Month or April. So we can get profit for these months and save some of it. I want to gain profit even a little so I can save some of it for the needs or my son in his school. I want him to have a good school next year so I really want to earn more so I can give what he really needs.

Why is everyone panicking? I do not see anything terrible in the fact that the price is reduced. There are always people who sell a lot of coins. Illiquid money sterilizes the banking system. There is no such mechanism in bitcoins. Therefore, we will always see such fluctuations. We must have patience. If you don't have money to buy some coins at a low price then just keep your coins and don't sell them. This will ease the pressure on prices and you will see an increase.

MoonIsBlue

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Quote from: South Park on March 14, 2018, 11:44:23 AM

Quote from: gabmen on March 12, 2018, 08:02:22 AM

Quote from: mersal on March 11, 2018, 11:33:00 AM

Quote from: MoonIsBlue on March 07, 2018, 02:28:10 PM

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

I don't consider this as a bubble because the price is already recovered an now lying in the range abouve $9500 so it looks like a normal fluctuation caused by rumors.So it is a good time to grab the bitcoin for cheaper price.

Well you have to understand what's causing these dumps. It's noy just about a popping bubble. Mt.gox selloff dumped a huge amount of btc enough to move the market, at the same time making a lot of people uneasy. Look at it now that its confirmed there won't be any sell offs until sept. Prices are recovering to say the least

To me this is very obviously an attempt to buy time from banks and governments they are trying to suppress the price of bitcoin in any way they can, they tried to use the future markets and it had an effect but it was not enough now they are dumping coins and it did have an effect but is still not enough so they are leaving the threat that coins are going to be sold in the future so investors are afraid of buying bitcoin until that time.

Futures aren't some boogeyman responsible for price crashes.

South Park

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Quote from: gabmen on March 12, 2018, 08:02:22 AM

Quote from: mersal on March 11, 2018, 11:33:00 AM

Quote from: MoonIsBlue on March 07, 2018, 02:28:10 PM

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

I don't consider this as a bubble because the price is already recovered an now lying in the range abouve $9500 so it looks like a normal fluctuation caused by rumors.So it is a good time to grab the bitcoin for cheaper price.

Well you have to understand what's causing these dumps. It's noy just about a popping bubble. Mt.gox selloff dumped a huge amount of btc enough to move the market, at the same time making a lot of people uneasy. Look at it now that its confirmed there won't be any sell offs until sept. Prices are recovering to say the least

To me this is very obviously an attempt to buy time from banks and governments they are trying to suppress the price of bitcoin in any way they can, they tried to use the future markets and it had an effect but it was not enough now they are dumping coins and it did have an effect but is still not enough so they are leaving the threat that coins are going to be sold in the future so investors are afraid of buying bitcoin until that time.

exstasie

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Quote from: Sukovsky on March 13, 2018, 05:17:41 AM

Most people that say this wasn't a bubble weren't here in 2013/2014. It's exactly the fucking same. Denyers, this time it's differenters, more fundamentals now BLA DI FUCKING BLA.

Let me spell it out for you:

This rally is over. It's going for a big retrace. Try to not be an empty headed shitbag for once and put the 2013 chart over this year's rally. It's the fucking same. The amount of dumb money in this rally is staggering. This is going down. Free fucking tip assholes

The rally is obviously over.

But the rally was obviously over in 2012, April 2013, and December 2013 too. Why do you assume that December 2017 = December 2013? Masterluc, whose track record speaks for itself, sees parallels to 2012.

Also, markets punish as many people as possible. As a general rule: If the market is skewed long, we go down. If the market is skewed short, we go up. With that in mind, then consider where in the cycle we might be comparatively. After each bubble, this is what the initial retracement looked like:

In August 2012, the bull trap = 62%.
In April 2013, the bull trap = 58%.
In January 2014, the bull trap = 78%.
Current bull trap = 41%.

So um, where my OTE retrace? Answer: it hasn't happened yet. Even if this is 2014, have we finished squeezing the early bears and trapping the late bulls? I don't think so.

I suggest studying each historical cycle separately and looking for parallels before assuming that 2018 = 2014 redux.

eann014

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Yeah, bitcoin price is getting lower every day; hope that it can recover this Month or April. So we can get profit for these months and save some of it. I want to gain profit even a little so I can save some of it for the needs or my son in his school. I want him to have a good school next year so I really want to earn more so I can give what he really needs.

Sasuke102001

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That much of a drop is acceptable can be expected in crypto market. Bitcoin prices are still like 9500$ to 9000$, after the huge drop from 20k I didn't see bitcoin going to even 12,000$. Many people had damm high hopes for Bitcoin, like bitcoin market value going upto 30-40k dollars but seeing the current situation it is very unlikely bitcoin will go up that much. Recently the fluctuation has also increased for every cryptocurrency out there.

lingwistiko

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╔►[FILIPINO Translator]◄╝

Market price fluctuations are just normal in the cryptoworld and there are lots of factors affecting to it. We can't also tell how long this situation stays and all we can do is just wait for the better days to come.

Topic: Another Bubble popped? (Read 614 times)