Topic: Another Bubble popped? - page 4. (Read 601 times)
You need to read some news, binance ''hack'' and regulations on japan but specially the binance issue drove the price down, nothing else. I'm expecting a rebound soon to where we were. If I had a dollar for every time someone said bitcoin bubble popped I would be a millionaire.
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?
Today's price fall is not a bubble or even close to it, it also doesn't really signal that we're in a bear market (because of the reason behind it), it would be surprising if the price suffers for a whole year. The price was threatening again to break the resistance at 12k, next time it goes there I'm sure it will break it and then we won't see sub 10k ever again.
Sadly yes, probably because of the result of continuing fears of the users about regulation and anxiety of the possible high profile thefts. In addition to the news of Korea banning bitcoin.
I think the reason of the dumps of Bitcoin is just panic sales, this happens all the time and you have to be prepared for it. But it may go down from 10k down to 9k again, because, in fact, Bitcoins are sold at that time when price declines by the people, those who are not experienced.
We never know as long we have great Wall, I'm sure the price will not falling deep. In my opinion the price fall because all holder want taking a profit.
Still it is hard to predict the real growth, because very few predictions get close to the real growth while the rest moves far away from the reality. The growth of bitcoin has got affected by the bad news, and if the users around the globe tend to cash out on panic automatically there will be price drops and the same will continue for more time period.Exactly. It comes to the point where on one side you want to keep money in btc, on the other side, if panic starts, many of us will follow that and sell "savings" in btc just to avoid bigger loss.
E. regarding the drop, I would also avoid calling drop from 11k to 9,5k this way.
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?
If you are calling the price of $11,600 a bubble, then it must be the mildest bubble that Bitcoin has ever had. I would classify this drop only as lateral movement around the $10,000 to $11,000 range. The price can remain under $15,000 for a lot longer than a year. The previous highs were due to an overheated market and we will take some time to see those levels again.
We never know as long we have great Wall, I'm sure the price will not falling deep. In my opinion the price fall because all holder want taking a profit.
Still it is hard to predict the real growth, because very few predictions get close to the real growth while the rest moves far away from the reality. The growth of bitcoin has got affected by the bad news, and if the users around the globe tend to cash out on panic automatically there will be price drops and the same will continue for more time period. 
We never know as long we have great Wall, I'm sure the price will not falling deep. In my opinion the price fall because all holder want taking a profit.
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
If you are calling the price of $11,600 a bubble, then it must be the mildest bubble that Bitcoin has ever had. I would classify this drop only as lateral movement around the $10,000 to $11,000 range. The price can remain under $15,000 for a lot longer than a year. The previous highs were due to an overheated market and we will take some time to see those levels again.
Right now there was no bubble and nothing has popped. The previous bottom on Feb 25 was lower than this one, so if we don't fall below that one it's still a bullish pattern. As long as the lowest points are higher as time goes by it's a good sign.
I suspect there were 2 things that might cause this dump. 1 is the news about the Gox money being put on auction and 2 is the problem with binance. When they sort it out the price will go back up.
I suspect there were 2 things that might cause this dump. 1 is the news about the Gox money being put on auction and 2 is the problem with binance. When they sort it out the price will go back up.
The China's contribution to the cryptocurrency network is big, even after regulated usage they were the head people leading to the fluctuation of the market. What's going on is just the impact of ban of social media ban of exchange services rendered in China. So, this is not a bubble anymore.
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
The price was ridiculous at some point, but it also made everyone hear about cryptocurrency. It was like free advertising for bitcoin and what is now interesting, the bubble might turn into something quite regular. Just my opinion, but it might remain in around $8-10 k (maybe 12?) for a while.
https://ibb.co/fiYxV7
I am not quite sure about that (as probably most of us), just wish best for bitcoin.
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
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