Bubble Bursting or Just a Short Term Correction?

jane418

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Quote from: NUFCrichard on May 26, 2017, 04:27:26 AM

I don't think the bubble has burst yet, but I think yesterday's massive crash was a sign that the market is a bit bubbly.
Alts are obviously in a massive bubble, especially the smaller alts that now have several hundre millon dollar market caps!

I think there is life in the bubble yet though, I wouldn't go all in on Alts (I never would!), but I think there could be some time left in this bubble.

you just said what I wanted to. of course there are bubbles, the risks are accumulating, but not yet time to burst atm.

aguila

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It's correcting. Hope this trend continuous

AleSergio

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Quote from: NaXxow on May 28, 2017, 04:35:32 AM

For what I am understanding during the dump, it is only minor correction, but right now, more new people are getting panic because of the low price and made them panic selling, which cause them to lose more money. anyways, i hope it will be a great lesson to everyone

It deffinetly will be a lesson. Sold ETH Classic for 10$ worst price, but next time i will wait a little bit more and don`t get paniced Cheesy

Baofeng

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Quote from: NaXxow on May 28, 2017, 04:35:32 AM

For what I am understanding during the dump, it is only minor correction, but right now, more new people are getting panic because of the low price and made them panic selling, which cause them to lose more money. anyways, i hope it will be a great lesson to everyone

The dumping still continues but I don't see the price of bitcoin dipping to $2000? Bitcoin holding? I think the market is now back and we will be back again to $2200-$2500. That's how bitcoin price is very resilient and can recover too quick as well. Price going to the moon now.

NaXxow

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For what I am understanding during the dump, it is only minor correction, but right now, more new people are getting panic because of the low price and made them panic selling, which cause them to lose more money. anyways, i hope it will be a great lesson to everyone

cerejobastos

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Quote from: aguila on May 28, 2017, 03:09:59 AM

If BTC goes below $2000 then people will start with the sell panic

some panic below 1800, real panic below 1300. not 2000, it already was below 2000 tomorrow

aguila

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If BTC goes below $2000 then people will start with the sell panic

icerose

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Quote from: renes on May 27, 2017, 07:12:37 PM

Around $2000 is normal for bitcoin now. There might be some fluctuations but I don't think it will be hard.

Exactly and I think we are due for some sideays movement before the next pump to take us to 3k$.

FractalUniverse

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and this forum is seeing most active month (new posts+threads) since 2014..

cryptimus prime

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Coinbase had 40.000 new customers trying to sign up in one day and could not handle it. Everybody wants to enter crypto now, could be still just beginning of a bull market. I invest only in the holy trinity of crypto: BTC, XMR, ETH and feel safe in those.

UMadorMyrin

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Seems that the correction is over and everything is moving back into the green

renes

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Around $2000 is normal for bitcoin now. There might be some fluctuations but I don't think it will be hard.

Zegra

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Quote from: Baofeng on May 27, 2017, 07:22:22 AM

Quote from: cerejobastos on May 27, 2017, 06:42:32 AM

This is a correction not a bubble burst, lots of new/nobo money came in recently, some are tkaing profits others are fuddign and getting out with losses. There is no bubble at all. There are no bad news nor anyone expects Bitcoin to go under 1000 ever again

I also want to believed that what we are seeing is not a bubble that is bursting. But the way I see it, the dumping started with bitcoin and soon other alt coins has followed. So for me, its a bubble. But I still high hopes that we can go all back in track in coming days slowly and not what we see in the past weeks were the price rise much faster as expected.

Actually, altcoins started crashing first (starting with XMR) and a while later BTC followed

Fundamentals Of

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Quote from: crypticj on May 27, 2017, 03:30:18 AM

Makes me wonder should I sell my Alt coins or hold on to it?

You try cost averaging if you still have the funds. If not then hold those coins you think have good potential in the future. In crypto I was trained to have hands of steel to survive.

FractalUniverse

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holy pump! Its going up again Cheesy

im not sure how to trade this.. expect another wave down and sell, or buy more for case that correction is over? Huh

anyway, there is a nice volatility now

2Pac

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Not all but some coins were in a bubble such as Ripple. They burst those overvalued coins, others look fine as USD terms.
This may be a short term correction for other coins but we'll see next 2 weeks if bull run end here or go on crazy like that.

ApexEvo

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You can see the crashing of the prices already slowing down. Whether this is the low point and we'll stay at these prices or get into a new bubble we'll see. Might also resume falling down if this buy support doesn't hold but so far it seems many people are eagerly buying into different coins now, cause they're cheap which means the general belief is that they won't get much cheaper.

cerejobastos

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Stratis kep most of its value, most coins decrease 50% while Stratis is atm less than 30% down. Project with an awesome team, really!, and real world use cases. Bringing new tech to crypto next month, June.

radamiel

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Quote from: deblue on May 27, 2017, 10:17:06 AM

Yes this is a correction. But their prices will not stay that way. I hope they will rise over time.

We all hope so, hopefully rise back

deblue

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Yes this is a correction. But their prices will not stay that way. I hope they will rise over time.

Topic: Bubble Bursting or Just a Short Term Correction? (Read 2797 times)