Bitcoin is a MASSIVE bubble right now.. POP soon!

Yamifoud

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Quote from: Enjel on January 17, 2018, 03:28:53 PM

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.

We need not to lose our hope, we must into the positive side which could really people from trusting again into bitcoin. Though people says it a bubble, and yes it's true but it won't make bitcoin from losing it's capability in the market as it marked the name of cryptocurrency in the world history.

Samarkand

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Quote from: Enjel on January 18, 2018, 03:45:50 PM

...

How much of a problem is this? We know that Tether is not 100% backed up.. but neither are literally any financial institutions.

If everyone with a Citibank account wanted to get cash from a Citibank, they wouldn't have enough paper money on the spot.

As long as they keep issuing new Tether when the price drops too low (they are faced with a quandary)
it is not a problem.

But if a US authority decides to shut them down (the same fate that was suffered by Liberty Reserve) and the
music stops things will get really ugly. The big majority of exchanges have lots of USDT trading pairs and if
USDT was shutdown the cryptocurrency market will see the real crash.

As long as Tether is propping up the whole cryptocurrency market we won´t see the real crash.
I have no idea how long they can continue to do this (they have issued 300M $ in the last 48 hours).

Enjel

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Quote from: Samarkand on January 18, 2018, 03:38:23 PM

Quote from: ktabb on January 18, 2018, 06:28:55 AM

...

There is no manipulation at all, this is normal behavior for bitcoin. ...

Do you really think that institutional investors have wired 300M $ to Tether in the
last 48 hours? Without these huge Tether issuances the price would already be below 8000 $.

I agree that Bitcoin is highly volatile in general compared to traditional assets, but
the Bitcoin market is heavily manipulated (especially on Bitfinex and the Korean exchanges).

How much of a problem is this? We know that Tether is not 100% backed up.. but neither are literally any financial institutions.

If everyone with a Citibank account wanted to get cash from a Citibank, they wouldn't have enough paper money on the spot.

Samarkand

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Quote from: ktabb on January 18, 2018, 06:28:55 AM

...

There is no manipulation at all, this is normal behavior for bitcoin. ...

Do you really think that institutional investors have wired 300M $ to Tether in the
last 48 hours? Without these huge Tether issuances the price would already be below 8000 $.

I agree that Bitcoin is highly volatile in general compared to traditional assets, but
the Bitcoin market is heavily manipulated (especially on Bitfinex and the Korean exchanges).

Enjel

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Quote from: ktabb on January 18, 2018, 06:28:55 AM

Quote from: Enjel on January 17, 2018, 06:54:13 PM

Quote from: TERA2 on January 17, 2018, 06:51:28 PM

A bubble to the downside would mean people were borrowing money to short.

CBOE is expiring today. CME expiring in a week or two I think.

Shorting and manipulation were, without a doubt, major factors... at least that's how I explain the dramatic recovery recently along with CBOE.

These don't matter at all. The futures don't have any affect on bitcoin price. They are cash settled, no bitcoin is purchased or sold. There is no manipulation at all, this is normal behavior for bitcoin. People always just scream manipulation whenever they make a bad investment that doesn't move in the direction they think it will. It's so dumb.

I know that no Bitcoin is involved in the futures themselves.

But do you really think big institutional whales are going to "bet" on the Bitcoin price going down (since that's pretty much what a short does), and just hope it happens?

Of course not.

ktabb

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Quote from: Enjel on January 17, 2018, 06:54:13 PM

Quote from: TERA2 on January 17, 2018, 06:51:28 PM

A bubble to the downside would mean people were borrowing money to short.

CBOE is expiring today. CME expiring in a week or two I think.

Shorting and manipulation were, without a doubt, major factors... at least that's how I explain the dramatic recovery recently along with CBOE.

These don't matter at all. The futures don't have any affect on bitcoin price. They are cash settled, no bitcoin is purchased or sold. There is no manipulation at all, this is normal behavior for bitcoin. People always just scream manipulation whenever they make a bad investment that doesn't move in the direction they think it will. It's so dumb.

Pursuer

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Quote from: TERA2 on January 18, 2018, 04:18:44 AM

Quote from: Pursuer on January 18, 2018, 03:30:36 AM

I'm sorry that you missed the opportunity to buy at the bottom when the market was giving you a discount or possibly sold there instead and now you are screwed but that doesn't mean because you made a mistake bitcoin should now be in a bubble!

there is no bubble. the bubble that existed was around $20,000 which then burst and it was corrected back at $14,000. from that price to the current rate it is an artificial low due to FUD and lots of idiots who were considered weak hands who panicked and sold their coins cheap to the whales who are now buying bitcoin as much as they can to accumulate for the next rally.

Do you read posts or just the title??? Youre making an idiot of yourself.

LOL. blame it on my weak English but there is nothing called "Downside bubble" as far as I know. he is trying so hard to create a new concept which does not exist and he is too vague about it which is why everyone is making the conclusion based on the title and a little bit of his vague content.

maybe the word "opposite bubble" would have been better although it still doesn't make any sense! "cucked out bubble"? haha...

TERA2

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Deb Rah Von Doom

^ Amazing. This guy even quoted the post but still didn't read it!

timerland

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Quote from: Enjel on January 17, 2018, 03:28:53 PM

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.

Or is it? It may be a bubble, but at the same time would you keep selling when the price has already dropped by around 40% from the ATH last year, or do you hold onto your coins until it recovers and a new bull run is established?

Nothing's for sure and i think that $10k is still the floor for bitcoin for the months upcoming, it's very improbable that price is going to drop below that.

In fact, I think when all this FUD is over we could first see bitcoin climb up to $15000, and retake that level as the floor, before setting a new all time high. I wouldn't go with the market sentiment atm.

mrjoy15

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Whales are playing, here only we do just hold. Bitcoin up this is good, yeah we are coming back stronger. Yes btc $12000 today I hope, so let's get ready for today!

TERA2

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Quote from: Pursuer on January 18, 2018, 03:30:36 AM

I'm sorry that you missed the opportunity to buy at the bottom when the market was giving you a discount or possibly sold there instead and now you are screwed but that doesn't mean because you made a mistake bitcoin should now be in a bubble!

there is no bubble. the bubble that existed was around $20,000 which then burst and it was corrected back at $14,000. from that price to the current rate it is an artificial low due to FUD and lots of idiots who were considered weak hands who panicked and sold their coins cheap to the whales who are now buying bitcoin as much as they can to accumulate for the next rally.

Do you read posts or just the title??? Youre making an idiot of yourself.

Pursuer

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Where is my ring of blades...

I'm sorry that you missed the opportunity to buy at the bottom when the market was giving you a discount or possibly sold there instead and now you are screwed but that doesn't mean because you made a mistake bitcoin should now be in a bubble!

there is no bubble. the bubble that existed was around $20,000 which then burst and it was corrected back at $14,000. from that price to the current rate it is an artificial low due to FUD and lots of idiots who were considered weak hands who panicked and sold their coins cheap to the whales who are now buying bitcoin as much as they can to accumulate for the next rally.

UMAD

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Quote from: Enjel on January 17, 2018, 03:28:53 PM

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.

No one is going to take you seriously here. It is clear you have an agenda...in fact you started 3 threads with the same topic

"The Fun is Over", Started by Enjel: https://bitcointalksearch.org/topic/the-funs-over-2773709

"I just sold all my bitcoins", Started by Enjel: https://bitcointalksearch.org/topic/i-just-sold-all-my-bitcoins-2772045

"Bitcoin is a MASSIVE bubble right now.. POP soon! New", Started by Enjel: https://bitcointalksearch.org/topic/bitcoin-is-a-massive-bubble-right-now-pop-soon-2773257

Just go away. Stop talking. Leave.

Fippy

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Nah, just relax, everything is going to be okay in just a few weeks from now, the real problem in here is that everybody was expecting to see bitcoin over $3000000 in January, and everybody in here knows that it is not possible at all.

BitMaxz

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I think the massive drop happen yesterday is already ended the price of bitcoin is bouncing back and i think the reason of the price drop of bitcoin yesterday its because of the big news about regulating trading sites. I'm not expecting that it can massively affect the price of bitcoin but right now after awake i saw the price is bouncing back but lets hope that it can continue to increase again..
Just remember this is just the same moment as last year that the price is almost drop a lot i think almost $11k from $19k and the price is jumping again to $15k this month and we experienced another price drop. .i heard that there are investors are afraid to invest back again due to volatility of bitcoin..
For me its just a normal its always happening every year.. That's why you need to be patiently holding your coins if you really wanted to make profit and buy bitcoins if there is opportunity to buy bitcoin in cheap price because i'm sure the price bitcoin can massively increased more just like what happen before..

Enjel

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Quote from: Samarkand on January 17, 2018, 07:11:01 PM

Quote from: Enjel on January 17, 2018, 06:54:13 PM

...

Shorting and manipulation were, without a doubt, major factors... at least that's how I explain the dramatic recovery recently along with CBOE.

It could also be caused by the issuance of 200M $ of Tether in the last ~24 hours.
Many people think that Bitfinex needs to prop up the market in situations like this,
because a too steep decline would cause a cascade of margin calls on BFX.

Of course this could be baseless FUD, but it definitely looks suspicious, because
Bitcoin started to recover right after the issuances.

I'm not an expert in the Tether deal with Bitfinex.

I think it's obvious that the Tether cannot be backed up - not all of it for sure. How bad that is, I'm not sure.

However, I do find the conspiracy theories about Bitfinex being the next Mt. Gox in terms of deception way over the top.

Samarkand

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Quote from: Enjel on January 17, 2018, 06:54:13 PM

...

Shorting and manipulation were, without a doubt, major factors... at least that's how I explain the dramatic recovery recently along with CBOE.

It could also be caused by the issuance of 200M $ of Tether in the last ~24 hours.
Many people think that Bitfinex needs to prop up the market in situations like this,
because a too steep decline would cause a cascade of margin calls on BFX.

Of course this could be baseless FUD, but it definitely looks suspicious, because
Bitcoin started to recover right after the issuances.

Enjel

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Quote from: TERA2 on January 17, 2018, 06:51:28 PM

A bubble to the downside would mean people were borrowing money to short.

CBOE is expiring today. CME expiring in a week or two I think.

Shorting and manipulation were, without a doubt, major factors... at least that's how I explain the dramatic recovery recently along with CBOE.

TERA2

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Deb Rah Von Doom

A bubble to the downside would mean people were borrowing money to short.

Biscutard

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Just think of it as a market strategy so that after creating a FUD some people will go with the flow they have made but the real flow in a different side and that's why a lot of users are losing their investments because they don't know how to control their self.

Master_dandosha

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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 .

ktabb

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Quote from: player514 on January 17, 2018, 03:50:49 PM

Quote from: Enjel on January 17, 2018, 03:28:53 PM

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.

LeGaulois

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Quote from: Enjel on January 17, 2018, 03:28:53 PM

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.

player514

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Quote from: Enjel on January 17, 2018, 03:28:53 PM

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.

Enjel

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Quote from: Elix9 on January 17, 2018, 03:40:20 PM

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.

Elix9

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Why do people feel the need to make guarantees? We can only speculate.

Be safe and make smart decisions guys.

Enjel

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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.

Topic: Bitcoin is a MASSIVE bubble right now.. POP soon! (Read 360 times)