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?
After the crash in 2013 the bear market lasted for more than 2 years but that was a catastrophic crash that happened because of the Mt Gox exchange going down with the money of its customers, the only thing I can say to you is that you need to wait and hold it is not easy but as you can see with the recent pump in the price that happened in December of the last year the wait can be worth it. 
Topic: Another Bubble popped? - page 3. (Read 601 times)
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?!
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?!
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. So a huge failure point.
Right now even a Tether desaster wouldn't suppress the market that long imo.
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?!
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 $100,000 first?!
Altcoin markets are still up significantly over the last 6 months and google trends remain largely unchanged over the same period. If we remove December through January then the market is relatively stable and actually has a slight growth. Comparing things to the previous high is always going to lead to such conclusions.
Altcoins have fallen badly in past 2 months. Btc on other hand was becoming better as crossed 10500 last week and looks good suddenly today it has started to breach 9200$ as well which is little worry sign. Though it not expected to go much dip now but still if people started to sell then the pressure would be too much.
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?!
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?!
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.
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?!
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 $100,000 first?!
Altcoin markets are still up significantly over the last 6 months and google trends remain largely unchanged over the same period. If we remove December through January then the market is relatively stable and actually has a slight growth. Comparing things to the previous high is always going to lead to such conclusions.
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
It's just normal as it needs enough time to do a bull run and bitcoin will surprise us in the coming months as this currency has no pattern and it depends on the supply and demand in the market. Let's just wait and give others a chance to buy their bitcoin. 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.
And I'm sure after a high decline.. would causes more people to bought at a low price, that's movement is certainly a common thing that will lead to a high rising back.The price at $20k seems to be familiar if many people expect the price is back on it, your prediction may be supported by the facts, I think that it will soon be reached.. but in fact it seems the price movements is still slowly to climbing.
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?!
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?!
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 $20000, possibly 25000.
At 11000$ and landed at 9000$ there is no bubble popping in my opinion. Just pure panic and investors cashing bitcoin for security. Can we expect after all the rumours, news from left to right (majority are bad) and China’s regulation about social media account banning then Binance controversial hacking incidents that is still in investigations. We would be surprised if the price hold on and increase, right?
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?
This was not a bubble. Bitcoin actually hasn't moved up much since the start of the year. In fact we're still negative from the start of the year. Recovering from $9k to $12k barely classifies as a pump since the previous high was just $12k as well.
The reason why this dump happened was not because of any sort of profit takers or the bubble popping. There wasn't one to begin with! Instead, it was mainly because people are worried about Binance and SEC's attitude towards exchanges.
What I'm seeing is a definitive dip that will probably last a while, could go down a bit lower in the meantime. But eventually people will stop panicking, realise that they've made a mistake by selling, and buy back, resulting in a recovery.
For me this is a normal correction of price and not a bubble. 'cause on my view the price will never go dip even though on this moment the price is gradually decreasing, because i believe that some of the bitcoin news around the internet is not spreading false articles which is they say that there's a tend of price to spike again on this year. So perhaps the price will rebound again soon and it will never go dip, just keep holding 'cause for sure after this correction there will be a ATH again .
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
just because price goes down, it doesn't mean it is a bubble popping! a bubble is when price is so much higher than the intrinsic value and then it drops hard. like the $20k and the drop to $10k. not a 10% drop that in bitcoin is considered normal fluctuations!
and just because you saw a drop it doesn't mean we are in a bear market. this here is more of a sideways action than a bear or bull market. price is going up and down between two prices of $9k and $12k and until it breaks either one of these lines it is going to continue being a sideways action.
No it's not popping, there are reasons for this dropping, the binance exchanges got some problem, there are some sudden huge transactions happened, and the Japan is try to clear the exchanges that not suit with the regulations, so this drop will be temporary, so don't panic
The China's contribution to the cryptocurrency network is big, even after regulated usage they were the head people leading to the fluctuation of the market. What's going on is just the impact of ban of social media ban of exchange services rendered in China. So, this is not a bubble anymore.
China is always doing it and it is sometimes irritating to see and heard such news but somehow they were on the right move. I wonder what is their next move next month, should it be a ban again or a attempted hack to their exchanges or something. I wonder if bitcoin will gonna rise up again and break that 12k resistance. 
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
Do you know what is a bubble popped? 20%? LOL Bitcoin made 20% swings daily several times last year. Bubble popped means that price went down few times from ATH. It went from 20k to 6k. In only few weeks. That you can say was a small bubble popped. If you want to call 11k Bitcoin a bubble right now price need to tank to $3k range. Maybe will happen next week.
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ 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 the current spike a bubble though. It took us several days to get from $9.7 to $11.6 (probably a week or more). So its a normal price increase. Maybe people are just cashing it out simple as that. No bubble has bee burst here.
Full year? Are you kidding me? The longest bear trend that I have witness is around 3 months if I'm not mistaken. So I don't think that we will not gain any significant increase in a span of a year.
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
Can't call this a bubble, same event has occurred numerous times, it looks like a simple price drop, it's how the market is working. The price has been relatively stable the past few months. It will probably remain below 14-15k for quite some time. 
We're not in a bear market, and a $1900 dip is not a nosedive drop, let alone a bubble popping, any other day that would've been just a correction. Binance FUD and some other news released earlier today caused some major panic selling among weak hands and noobs, nothing to be worried about. If anything the dip today was a golden opportunity for people to buy some cheap coins before the next bull run begins.
Support above $10,000 is just too weak to hold for a longer period of time, which isn't anything new. If you also take the thinner overall market in consideration, dumping the market down is nothing more than a peanuts job. Current drop was either panic regarding Binance or the SEC, or just a whale attempt to make people think it has something to do with the aforementioned. Either way, the market will climb back up again, and likely also get dumped back below $10,000 for a brief moment. If people expect fireworks in the coming weeks/months, then you're likely going to be disappointed, especially so if we can't manage to break through the $11,780 resistance point. I expect another jump up to break that resistance point before the end of next week, but another failed attempt will again result in either the $10,000 to be tested, or to drop below it. I see it as a great profit making opportunity.
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