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Topic: Bitcoin is a MASSIVE bubble right now.. POP soon! - page 2. (Read 358 times)

hero member
Activity: 714
Merit: 500
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what is the definition of a bubble ? if you find the answer to my question for sure can see bitcoin as a good investment and long term assets to hold .
full member
Activity: 266
Merit: 103
The downside bubble is soon going to collapse soon. Right now we have Wall Street, Asia (taxes), and the double dose of FUD by the media creating a massive Bubble to the downside that even broke 10k at once, and may break it again.

But this bubble is going to POP really really soon - guarantee it.

Why is it that some people only talk about bubbles to the upside? We are definitely in a downside bubble right now for Bitcoin. For alts, I agree there was a large upside bubble. But Bitcoin hasn't even moved much recently. Definitely a downside bubble for a 0.5% adopted currency, and store of value.

Bubble has already popped for the most part hasn't it? We dropped 50% from the ATH which is pretty strong in my opinion. We're now hovering around 10k. If anything now is the time to buy bitcoin; you probably won't have the opportunity to buy this low soon again.

For now, sure there will be nervousness and fear in investors eyes and that's bound to happen with any drop like this. However, people do actually believe that blockchain technology and Bitcoin is a currency of the future, and that alone is enough to bring the price back up as long as people invest. I'm not too worried about the coins.

There is still plenty of room to fall. Last time it dropped by 80%. This time there are fundamental problems with bitcoin that would warrant a significantly larger drop. Honestly a 95% decline from all time high, or even more, would be very reasonable and appropriate. Bitcoin's inability to be used as a currency in its current state makes it almost worthless.
copper member
Activity: 2940
Merit: 4101
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The downside bubble is soon going to collapse soon. Right now we have Wall Street, Asia (taxes), and the double dose of FUD by the media creating a massive Bubble to the downside that even broke 10k at once, and may break it again.

But this bubble is going to POP really really soon - guarantee it.

Why is it that some people only talk about bubbles to the upside? We are definitely in a downside bubble right now for Bitcoin. For alts, I agree there was a large upside bubble. But Bitcoin hasn't even moved much recently. Definitely a downside bubble for a 0.5% adopted currency, and store of value.

January 2017 $1,000
January 2018 $10,000 (surely won't go below $7,000)

It's what I see and I am still happy. People think the value can only go up but it doesn't work like this on markets.
People are focusing too much on China but its nothing about this, it's about the futures contracts that ended on January 17
Let's see what is going to happen now.

legendary
Activity: 1414
Merit: 1039
The downside bubble is soon going to collapse soon. Right now we have Wall Street, Asia (taxes), and the double dose of FUD by the media creating a massive Bubble to the downside that even broke 10k at once, and may break it again.

But this bubble is going to POP really really soon - guarantee it.

Why is it that some people only talk about bubbles to the upside? We are definitely in a downside bubble right now for Bitcoin. For alts, I agree there was a large upside bubble. But Bitcoin hasn't even moved much recently. Definitely a downside bubble for a 0.5% adopted currency, and store of value.

Bubble has already popped for the most part hasn't it? We dropped 50% from the ATH which is pretty strong in my opinion. We're now hovering around 10k. If anything now is the time to buy bitcoin; you probably won't have the opportunity to buy this low soon again.

For now, sure there will be nervousness and fear in investors eyes and that's bound to happen with any drop like this. However, people do actually believe that blockchain technology and Bitcoin is a currency of the future, and that alone is enough to bring the price back up as long as people invest. I'm not too worried about the coins.
member
Activity: 70
Merit: 21
Why do people feel the need to make guarantees? We can only speculate.

Be safe and make smart decisions guys.

True. I'm just so sick of seeing so many people totally bearish on Bitcoin. Where are the optimistic posts? We have virtually no adoption, and all the attention. Everyone is just waiting for the price to drop so they can buy some.

And most of them aren't going to wait until $5000, etc.
newbie
Activity: 56
Merit: 0
Why do people feel the need to make guarantees? We can only speculate.

Be safe and make smart decisions guys.
member
Activity: 70
Merit: 21
The downside bubble is soon going to collapse soon. Right now we have Wall Street, Asia (taxes), and the double dose of FUD by the media creating a massive Bubble to the downside that even broke 10k at once, and may break it again.

But this bubble is going to POP really really soon - guarantee it.

Why is it that some people only talk about bubbles to the upside? We are definitely in a downside bubble right now for Bitcoin. For alts, I agree there was a large upside bubble. But Bitcoin hasn't even moved much recently. Definitely a downside bubble for a 0.5% adopted currency, and store of value.
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