Boys the time has come - the bubble shall pop

Xpod78

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Hey there :D

Quote from: thecodebear on December 21, 2017, 04:13:27 PM

Quote from: Xpod78 on December 21, 2017, 03:33:17 PM

Dropped from 19K to 15K over the past 5 days, any thoughts? Think it's done? Something also to note BCC (Bitcoin Cash) has gone up tremendously since BTC's latest drop, and according to coinmarketcap it's dominance amongst the BTC market has dropped from 52% to 45%. Not to say that Bitcoin is going down in worth as in people are cashing out, but whatever is happening, it's swelling the alt-coin market.

Normal time for it to drop after going from $14k-$17k region up to right under $20k. Exacerbated by the whole altcoin market making a strong surge and BCH being added to Coinbase and the accompanying propaganda in the media by Ver and BCH shills. BTC will probably stabilize here around $14k-$17k for a bit before resuming the upwards grind. Notice that the whole altcoin market including BCH has dropped along with BTC, so its just a general consolidation period now. The expansion re-engages in the new year.

True, always good to get another view

thecodebear

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Quote from: Xpod78 on December 21, 2017, 03:33:17 PM

Dropped from 19K to 15K over the past 5 days, any thoughts? Think it's done? Something also to note BCC (Bitcoin Cash) has gone up tremendously since BTC's latest drop, and according to coinmarketcap it's dominance amongst the BTC market has dropped from 52% to 45%. Not to say that Bitcoin is going down in worth as in people are cashing out, but whatever is happening, it's swelling the alt-coin market.

Normal time for it to drop after going from $14k-$17k region up to right under $20k. Exacerbated by the whole altcoin market making a strong surge and BCH being added to Coinbase and the accompanying propaganda in the media by Ver and BCH shills. BTC will probably stabilize here around $14k-$17k for a bit before resuming the upwards grind. Notice that the whole altcoin market including BCH has dropped along with BTC, so its just a general consolidation period now. The expansion re-engages in the new year.

Xpod78

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Hey there :D

Dropped from 19K to 15K over the past 5 days, any thoughts? Think it's done? Something also to note BCC (Bitcoin Cash) has gone up tremendously since BTC's latest drop, and according to coinmarketcap it's dominance amongst the BTC market has dropped from 52% to 45%. Not to say that Bitcoin is going down in worth as in people are cashing out, but whatever is happening, it's swelling the alt-coin market.

rpg

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Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"
Low key think it will drop at least 30% but could go as far as 50%, either way after this bubble pops, and we all have to agree it's gotta pop, Bitcoin will still be worth more than it's ever been. Hype.

It's not a Hype. It's real power of Bitcoin. Why they should fall down. They have only one road with some stops to leave somebody outside.

jc89

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Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"
Low key think it will drop at least 30% but could go as far as 50%, either way after this bubble pops, and we all have to agree it's gotta pop, Bitcoin will still be worth more than it's ever been. Hype.

Well, didn't see any numbers lower than 7k as of now. If that's what you call popped bubble then I can manage if we stay here for a week then continur climbing to 8K next week. But seriously why do we have to wait for that so called popping it's normal and has been part of the cycle for years. I mean, why does it seem to me that there are some who are asking for it to happen and not just sit back, relax and invest.

Hazir

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Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"

Bitcoin reached another ATH - investors wanted to collect the profits and sell off some the coins - it is a simple as that.
There is no conspiracy going on, and bitcoin "bubble" won't pop. Instead, there is a clear goal for 2018 - We will most likely see $11.000 reached.
BTC is unlike like any other asses we have in the past - decentralization will make if unkillable, there is no one who can pull out the plug - and effectively 'pop the bubble'.

Hartisinle

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all time is good no one can think x2 will cancelled and many say price will littel down after that now it is only correct

shillberting

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Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"
Low key think it will drop at least 30% but could go as far as 50%, either way after this bubble pops, and we all have to agree it's gotta pop, Bitcoin will still be worth more than it's ever been. Hype.

Dont think it will drop 50% as that would be bitcoin less than 4k and I cant even remember what that feels like or how long ago that was Cheesy

. However I do see a 10-35% correction incoming with 5k bitcoin being the lowest.

ladydark

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Some people are just seeing one side of segwit 2x cancellation.They feel that most of people who hold bitcoins would just sell their bitcoins only for the reason of not getting free coins and so,bitcoin price would crash.

But they fail to see the other side that most people even feared that if segwit 2x activated makes bitcoin to get replaced,then the future of bitcoin would be a question.So,now they feel relaxed and they would continue to hold their bitcoins and that's the reason for bitcoin price not getting crashed.Now,bitcoin price would start to pop.

XbladeX

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Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"
Low key think it will drop at least 30% but could go as far as 50%, either way after this bubble pops, and we all have to agree it's gotta pop, Bitcoin will still be worth more than it's ever been. Hype.

I think people now want to test 10 000$ Cheesy

mark or for memes over 9000$.
For Bitcoin this is not that much it is like +30% and we are on 10000$. So is doable today IMO.

LFC_Bitcoin

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What a shitty OP, no chart analysis, nothing to back up any of his claims what so ever. My question to the OP is are you butthurt much? Do you not have many coins? Did you sell everything too low & now can’t afford to get back in?

Crap thread that needs locking Grin

Iranus

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Quote from: The Sceptical Chymist on November 08, 2017, 02:52:53 PM

I think if this thing is going to pop, there has to be some sort of event that does it

I don't know. Sometimes the lack of any meaningful event can have a similar effect to a negative effect, especially when the price has multiplied by several times with few new developments to justify it.

The longer the price stays up without any useful developments reacting to it, the more afraid I am that the bubble's going to pop. Meanwhile, I've sold most of my BTC and I'm most comfortable being out of the whole situation.

Quote from: Frank0209 on November 08, 2017, 05:50:39 PM

Why there are a lot of people think that Bitcoin is just a bubble?

In a bubble. Some people may phrase it incorrectly, but it is in a bubble. Entirely distinct from being a bubble, which would imply that being a bubble is the only function that it could ever have.

fabioganga

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I used to hear these arguments around Bitcoin is a bubble and will pop and it will be a bloodbath when Bitcoin was worth $400.

Each time I hear that is going to be some sort of "crypto Armageddon".

Yet, each time I hear such nonsense being spread the price continues to grow up.

At this point, I welcome them! Grin

Frank0209

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Hmm. I don't think so. Why there are a lot of people think that Bitcoin ist just a bubble? It's the best cryptocurrency for now and it has very good potential so I don't think Bitcoin can decrease 50% for now or forever after. You should take a look at Bitcoin price at the moment, it's increasing although not too fast. Bitcoin had decreased from 4k$ to under 3k$ last month just because of the announcement of CEO of JPMorgan Chase but right after that Bitcoin had increased to over 4k$ very quickly so I think this time it's really normal when Bitcoin price dumped from 7k7$ to 7k2$, it's rising back at the moment Wink

Dan D. Lion

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Ok, Bitcoin is volatile, everyone here knows and understands this. This volatility is a separate issue from whether one ultimately believes in it or not. It has simply proven to be so amazingly resilient that I cannot imagine people just dumping on some news that some people consider bad. I would love to see it go below 5k so I could add a decent amount more.

bamboylee

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It will shed some dollars for sure now that segwit2x is cancelled. Those who caught the news early have taken their profit since there is no more extra coins for them.Same thing will happen to those who hoard bitcoin for segwit2x. If it sheds a thousand dollars, I think it is still fine. We are still above the price compared to two months ago.

EcoChavCrypto

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You are so dumb man, the price was below $7000 before today's morning, and it went from there to $7700 in less than five hours, i dont know why are you complaining, the price is still high, i mean, $7200 and a few bucks is not a small amount of money, i dont know why are you saying that this is because the giant bubble, because we dont know about what are you talking about.
Better to go into your own bussiness, it looks like if you dont know how bitcoin works and how the price reacts, it was more like a pump - dump situation, you need to acostumbrate to this kind of movements.

juri543

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To early to say that. In long term (I mean 2 years in cryptoworld) BTC is still at beginning. Short term dip might happen but I will hold my BTC up until 25K/BTC and than I retire for good like Satoshi Nakamoto Tongue

.

Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"
Low key think it will drop at least 30% but could go as far as 50%, either way after this bubble pops, and we all have to agree it's gotta pop, Bitcoin will still be worth more than it's ever been. Hype.

NorrisK

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The swings are simply getting bigger fiat wise, but percentage wise nothing too big is happening. It barely dropped by 10% and it regained 5% within hours again.

It may feel like big moves as bitcoin price grows, but it really isn't all too bad.

bitbollo

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Quote from: bitbollo on November 08, 2017, 03:26:29 PM

Bitfinex (EU time 0:00 am today-min) 7000 $
Bitfinex (EU time 6:30 pm today-max) 7900 $
Bitfinex (EU time 9:25 pm today-now) 7178 $

Price shows clearly the high volatility of the market. Nothing new. Just seems more impressive a daily change of 900$ (both down/uptrend).
But we are talking around 15% of the value of 1 btc

. I don't see any surprise!

UPDATE
Bitfinex (EU time 10:32 pm today-now) 7310 $

tj4dmx

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9000 to 10000 in view !!

Davidbugs2

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People are dumping now, and rebuying altcoins. Thats how they play the hide and seek games with in the crypto world.

BADecker

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The bubble that will pop is the fiat bubble. When that happens, Bitcoin will soar momentarily (for a few days or weeks) before the big economic crash sets in. He who is ready and watching might be able to cash in fast enough to get himself some land and equipment, to live through the chaos that will erupt following the fiat crash.

Cool

BitcoinPanther

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I have been waiting for a dip on the price but to my surprise, Bitcoin does not crash after the announcement of the segwit2x cancellation. I think Bitcoin had somehow stabilized in $7,000 and the hype had not fade yet. I do agree that it will even go higher before seeing another huge dip from it (correction or ballon popping) Bitcoin going crazy and go up really high and down really low is not a new scene.

gentlemand

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Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding.

Um, did you not notice the extremely tumultuous news that caused it? There's a good reason it did what it did and it's not much to do with market sentiment. I doubt the market knows how to digest anything right now so let's sit back and see over a short period of time before declaring anything.

BlueLight22

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First of all I don't think it is a bubble. Secondly it didn't go down. It went up if you compare the price with 10 days ago. Why do you compare price with 2 hour before?

masterbt

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This hard fork cancellation will definitely have an impact because people are greedy to buy more to get free coins and when they found out it is not going to happen they sell it.

tryer12

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I don't think it's a "Bubble" It's just that this Segwit2x cancellation was a bit of shock to some investors probably and they didn't know how to react to it.

harizen

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Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"
Low key think it will drop at least 30% but could go as far as 50%, either way after this bubble pops, and we all have to agree it's gotta pop, Bitcoin will still be worth more than it's ever been. Hype.

Here we go again that everytime there is a large range of price decrease, it's now considered as end of those "bubble" thing that everyone called when the price is continously climbing. They forget how much the price increase and began worried and concerned on how much the price will dip.

Im sure the next concern would be, "is it time to enter" ; "or i will wait for more dip" etc etc etc.

Just watch these crazy price movements until it will slow down or have a one direction for about not that short period before we can conclude the output of this Segwit 2x cancellation.

YuginKadoya

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Quote from: felicita on November 08, 2017, 03:35:43 PM

btc prize is currently still on 7200$ Huh

so say whooo and not bubble pop Cheesy

soon we will reach the 10 000$ maybee before new year !

kind regards

No bubble popping or what so ever I really think bitcoin barely hangs on for dear life, it still struggles without the aid of segwit2x and right now there are many bitcoin enthusiast seeing that bitcoin will progress even more, we all had struggle a lot and manage our coins in reaching this height I think that it is OK to dump now but it is very hard considering the many users that bought Bitcoin are expecting a great income when the Fork occur,

felicita

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btc prize is currently still on 7200$ Huh

so say whooo and not bubble pop Cheesy

soon we will reach the 10 000$ maybee before new year !

kind regards

Virtual miner

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Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"
Low key think it will drop at least 30% but could go as far as 50%, either way after this bubble pops, and we all have to agree it's gotta pop, Bitcoin will still be worth more than it's ever been. Hype.

Its been two hours and your so called bubble still hasnt popped. This might mean that 7000$ has become the new corrected price of bitcoin but its surely to early to predict this.

ChinkyEyes

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There will be a panic among the new investors who entered in the last few weeks.

50% is to much I think, but there will be a huge correction.

bitbollo

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Bitfinex (EU time 0:00 am today-min) 7000 $
Bitfinex (EU time 6:30 pm today-max) 7900 $
Bitfinex (EU time 9:25 pm today-now) 7178 $

Price shows clearly the high volatility of the market. Nothing new. Just seems more impressive a daily change of 900$ (both down/uptrend).
But we are talking around 15% of the value of 1 btc

. I don't see any surprise!

Crypdon

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I don't think the news has spread wide enough yet for the crash. In the next few days, we can expect a correction as people panic sell

The Sceptical Chymist

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Bitcoin is just oscillating right now, albeit with huge variations between peaks & valleys. I think if this thing is going to pop, there has to be some sort of event that does it, and right now the sentiment is so strong that bitcoin appears to be immune to even really bad news. So while I don't necessarily disagree with you, I think we're going higher before we go lower. *whew*. What a ride!

stompix

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Quote from: Xpod78 on November 08, 2017, 02:02:11 PM

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"
Low key think it will drop at least 30% but could go as far as 50%, either way after this bubble pops, and we all have to agree it's gotta pop, Bitcoin will still be worth more than it's ever been. Hype.

You also forgot that it went from 7000 to 7700 in only a day.
The price is already back at 7400 at the same level it was 10 hours ago.

So your prediction is quite wrong only a few minutes after you made it.
How many times has the bubble popped lately? 100 or 1000 times?

"barely holding" - common, lock at the charts at repeat after me : "I won't start stupid topics again!!!".

dothebeats

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Claims without any analysis backed up by facts would be another blind guessing. At this moment, the market would say no to your proposal and would love to keep holding on where it's at right now. As you said it, there's still too much hype surrounding BTC right now, and the FOMO hasn't even faded yet, so as of now, the supposed bitcoin bubble wouldn't pop YET, but somehow it has to go, I agree.

Xpod78

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Hey there :D

Went down from 7,700 to 7,200 in one hour and is barely holding. It's time to *Crowd chimes in* "POP THAT BUBBLE"
Low key think it will drop at least 30% but could go as far as 50%, either way after this bubble pops, and we all have to agree it's gotta pop, Bitcoin will still be worth more than it's ever been. Hype.

Topic: Boys the time has come - the bubble shall pop (Read 922 times)