Another Bubble popped? - page 2. | Bitcointalksearch.org

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legendary

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

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

Look at the long term charts, Bitcoin's entire existence has been a rally, and that will continue in the forthcoming years. People should ignore the peaks, since they only display the speculation aspect of this market, which is never a good indicator/metric. If you follow the line of all the previous bottoms, which is more an indicator of the actual value, it clearly shows how much the price has actually gone up throughout the years. People focusing on the peak of $20,000 are fools, because that in no shape or form reflected the market back then, and even not now. In that regard, I would even state that current levels are on the higher side. My personal valuation would be between $7000-$8000 for the market in current state. If the price rallies up another time, we'll likely see that the next bottom is still under the $10,000 level. Free fucking advice peak seekers.

Sukovsky

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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

amwer

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"I think we're going to see bitcoin hitting the $60,000 mark, but I also think we're going to see bitcoin hitting the $5,000 mark," said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies.

omonuyak

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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?

Most time bitcoin bearish market do last for three weeks. I think bitcoin is going to make some progress in weeks to come and we will began to make recovering any moment from now and it has never going to be up to a year before recovery. We are not going to remain with the current ranging market for long term.

gabmen

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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

mersal

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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.

Dodoymabs

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Quote from: Oceat on March 10, 2018, 11:31:00 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?

It seems like a bubble perhaps but i think the banning of Bitcoin in some other countries are the main reason. FUD usually did a huge effect in the market since some people are buying it and i found it normal in a daily basis. Bitcoin should recover its price very soon once there's a good news about of Bitcoin coming. As of today more bad news are coming and it is not helping some of the investors that's why we should've hold it yet.

Well, then we should stop spreading negative news so that people will not be in worries especially those who are new to crypto. We should hold now in order for ths Bitcoin to increase. Bad news must be stopped and we should make this as opportunity to buy coins while it's in dip.

Oceat

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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?

It seems like a bubble perhaps but i think the banning of Bitcoin in some other countries are the main reason. FUD usually did a huge effect in the market since some people are buying it and i found it normal in a daily basis. Bitcoin should recover its price very soon once there's a good news about of Bitcoin coming. As of today more bad news are coming and it is not helping some of the investors that's why we should've hold it yet.

South Park

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Quote from: Coffee135 on March 08, 2018, 01:29:13 PM

Now a lot of very large players appear in the cryptocurrency market. They concentrate in their hands a lot of capital. This will make the market more unpredictable. We have to be ready for these races will be familiar to us. It doesn't scare me. Each of us can make money of it. But for this you should always have a reserve not to sell the coins at the bottom of the candle.

Yes, bigger players are going to make the market even more volatile there are some of the players that want for the price to go up while others will want the price to go down while we the average user of bitcoin is left in the middle without knowing what to do, this is why holding is recommended as a strategy since it's the one that protects you the most against those changes in direction of the market.

jimbo2000

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Quote from: iv4n on March 08, 2018, 12:35:26 PM

Quote from: jimbo2000 on March 08, 2018, 11:49:50 AM

Quote from: exstasie on March 08, 2018, 03:27:28 AM

Long term, I'm seeing two main possibilities.

Scenario A: My preferred outcome is that we are in a fractal like summer 2012 or late spring 2013. If so, the correction is not over, but the lows may already be in. The plunge to $6,000 may have been the A wave of a bullish triangle. Or it could have been a W wave in a WXY consolidation. Both the 2012 and 2013 fractals had WXY structure where the initial leg down was the bottom. I believe Masterluc favors the 2012 fractal.

Scenario B: The other possibility is that we are still waiting for an 80-90%+ decline from the top over 1-3 years. That the altcoin markets and Google trends are both in utter despair support that idea. Bottom at $3,000 or lower.

Either way, a 90% crash is probably coming. The question for me is, will we go to $100,000 first?! Tongue

Altcoin markets are still up significantly over the last 6 months and google trends remain largely unchanged over the same period. If we remove December through January then the market is relatively stable and actually has a slight growth. Comparing things to the previous high is always going to lead to such conclusions.

Great observation, I will remember that " comparing things to the previous high always will lead to wrong conclusions ". Like always wishing new ATH, everyday new ATH, people would like price to rise all the time and they just to pick up profit when ever they wish, people are fools.
I don't believe in any of this scenarios, rarely I see some scenario to come true. Bitcoin is constantly surprises us and in if we watch bitcoin trough the years that surprises are more positive then negative that trend will last in the future too. Bitcoin is not a bubble, bitcoin price can't be bubble that popped. Its just ordinary market fluctuations get use to that.

It's for exactly this reason that a lot of people instead of plotting the all time highs and drawing their conclusions from this actually look at the lows of the crash. That way you get a much clearer picture of the progression. If 8.4k or so proves to be the bottom this time it's another upwards movement from the 6k bottom that we saw a few weeks ago.

Kidmat

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Bubble popped maybe because of the news came out that price affected to decreased again. Most didnt expected that this bubble will not experience again. Since, we are here in this market we should note and accept to the fact that it is volatile.

perto01

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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?

bubble-pop would have at least one consequence: more regulation. As an increasing number of people – and even institutional Wall Street investors – join in the bitcoin mania, financial authorities worldwide will adopt a more interventionist stance.

Mateox

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Price is realistic in some way, but some of the drops are maybe caused by this trustee fool of the Mt Gox coins.

https://bitcointalksearch.org/topic/m.31881752
https://bitcointalksearch.org/topic/the-mt-gox-coin-sales-3088050

exstasie

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Quote from: Denker on March 08, 2018, 01:06:31 PM

Quote from: exstasie on March 08, 2018, 03:27:28 AM

Long term, I'm seeing two main possibilities.

Scenario A: My preferred outcome is that we are in a fractal like summer 2012 or late spring 2013. If so, the correction is not over, but the lows may already be in. The plunge to $6,000 may have been the A wave of a bullish triangle. Or it could have been a W wave in a WXY consolidation. Both the 2012 and 2013 fractals had WXY structure where the initial leg down was the bottom. I believe Masterluc favors the 2012 fractal.

Scenario B: The other possibility is that we are still waiting for an 80-90%+ decline from the top over 1-3 years. That the altcoin markets and Google trends are both in utter despair support that idea. Bottom at $3,000 or lower.

Either way, a 90% crash is probably coming. The question for me is, will we go to $100,000 first?! Tongue

Scenario B is a bit too much imo. There's no reason why we should see 1-3 year bear market without any big technical failure in the protocol or at least 2-3 major exchanges getting totally rekt.

2014 was a big acceptance due to Mt. Gox being the exchange leader at that time. 75% of the trading volume was on Gox back in the days.

I disagree. It's just supply and demand. Catalysts like exchange failures just speed things along.

I never bought the "MT Gox collapse caused the 2-year bear market" narrative. That was just what hodlers told themselves to weather the storm. From the perspective of Gartner hype cycles and Wyckoff market cycles, a 2-year bear market was perfectly normal after 2013. Also, I think this narrative really downplays the importance of China to the market at that time.

It would be perfectly normal now too, from the perspective of time and cyclical price action (source: 5 years as a trader). Bitcoin's bullish fundamentals do often override conventional market analysis, but not always.

maku

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Blame the news as usual - people are always reacting too harsh to any sign of bearish info.
So it is not that surprising the bitcoin dropped at the sign of problems with Binance and technical issues at BitMEX.
The recent info shared by SEC didn't help us either. We entered bullish market...

richminded

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Quote from: followmenot on March 08, 2018, 03:02:36 AM

I think this is just regular panic and correction according to problems with latest binance problem. I am pretty sure markets will recover around may to july and bitcoin will reach above $20000, possibly 25000.

In addition to this, whales sold his holdings and continues to do it, I believe this is just a temporary downfall because bitcoin is on the sideways who keep on dumping and pumping. I agree that bitcoin can bounce back in the right time so don’t panic, this is now normal for bitcoin to go down after a pump.

ar-Ray

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Quote from: darkangel11 on March 07, 2018, 03:03:20 PM

Right now there was no bubble and nothing has popped. The previous bottom on Feb 25 was lower than this one, so if we don't fall below that one it's still a bullish pattern. As long as the lowest points are higher as time goes by it's a good sign.
I suspect there were 2 things that might cause this dump. 1 is the news about the Gox money being put on auction and 2 is the problem with binance. When they sort it out the price will go back up.

FUDsters and enemies of bitcoin are trying to cause fluctuations, but if a majority of users don't panic, their efforts will not be as successful as it was in late January-February.

harizen

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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?

People nowadays especially the new gamers really worried if bitcoin price went down for let's say around $1,900 in 3 days without realizing that bitcoin price also went up even way higher than the mentioned amount in just few hours or days. The only one that will mark on their mind is how the price decrease and not how much the price increase.

Come on, bitcoin price behaviour is not what you think that will always be uptrend. Even it has lots of positive speculations for long term goals, it's impossible that on the way, it will not experienced any price dips.

Rather than worrying and stressing yourself about that, just watch it calmly and patiently since Im sure you are also holding. No one knows what will happened so better put a shot in risks of holding and for the meantime you can play with other coins.

serjent05

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Quote from: Coffee135 on March 08, 2018, 01:29:13 PM

Now a lot of very large players appear in the cryptocurrency market. They concentrate in their hands a lot of capital. This will make the market more unpredictable. We have to be ready for these races will be familiar to us. It doesn't scare me. Each of us can make money of it. But for this you should always have a reserve not to sell the coins at the bottom of the candle.

Yes, the current crash in price should not affect us. We have seen Bitcoin to recover several time and it will recover soon too. Some believe that this crash is just another sign that bitcoin will skyrocket again. And I also believe that kind of analogy. All we have to do is to hodl until we got the aim price to sell our Bitcoin.

Coffee135

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Now a lot of very large players appear in the cryptocurrency market. They concentrate in their hands a lot of capital. This will make the market more unpredictable. We have to be ready for these races will be familiar to us. It doesn't scare me. Each of us can make money of it. But for this you should always have a reserve not to sell the coins at the bottom of the candle.

Topic: Another Bubble popped? - page 2. (Read 601 times)