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Topic: Is the bubble bursting? - page 2. (Read 565 times)

hero member
Activity: 2842
Merit: 772
January 31, 2018, 03:48:42 PM
#26
This bubble has been bursting since the last couple of years. They even says that bitcoin is already dead. But guess what, bitcoin is still alive and will remain, unlike those dotcom bubbles that really didn't recover AFAIK. This is just another test that bitcoin will overcome. We have seen this kind of bearish market every year and always rebounded the following month.

There's this FUD about the US regulators subpoena Bitfinex and Tether. When everything settles down, I'm sure that bitcoin will recovered and another positive reversal is in the horizon.
newbie
Activity: 98
Merit: 0
January 31, 2018, 03:22:15 PM
#25
I've been following Bitcoin for a few years now and this happens pretty regularly every 3-6 months. Some seemingly catastrophic news that makes a lot of people predict this is the demise of Bitcoin but every time so far it rebounds and then usually reaches a new all time high.
member
Activity: 126
Merit: 10
Everything I say is in My Opinion Only!
January 31, 2018, 03:19:20 PM
#24
Bitcoin is not in a crash. It always goes into a correction and corrects higher. History has proven itself over and over since Bitcoin came out in 2010. Within 8 years, it went from less than one cent to to around $20k. Also, people were saying Bitcoin was a scam ever since it came on the scene, but it's still here and growing.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
January 31, 2018, 03:18:04 PM
#23
Today's FUD is fed by the latest news of exchanges being hacked or robbed, old rumours about tether being spread once more and some merchants ending bitcoin as payment. All this comes at the same time with a purpose: bringing bitcoin down.
And don't you think that lies or rumours repeated many times over and over again will have a negative effect on bitcoin?
People are not sure anymore about future when all they hear all the time is news that 'bubble is about to burst'.
I've been around with Bitcoin for many years now - but I seriously think of selling my coins and stop worrying about it once and for all.
full member
Activity: 266
Merit: 151
First crypto index traded as a token!
January 31, 2018, 02:59:27 PM
#22
Today's FUD is fed by the latest news of exchanges being hacked or robbed, old rumours about tether being spread once more and some merchants ending bitcoin as payment. All this comes at the same time with a purpose: bringing bitcoin down.
full member
Activity: 238
Merit: 105
January 31, 2018, 02:50:39 PM
#21
Bitcoin has fallen in price, as it has problems with slowness and transaction hanging and the high cost of commission fees. Therefore, he decently lost in his popularity, investors do not want to invest more in him. On the other hand, so far with such a cost of ten thousand dollars can not be said that bitcoin has become a big bubble and this bubble is already bursting right. This is fiction. Bitcoin is able to swell in its bubble and up to one hundred thousand dollars and it is unlikely to burst. And at a price of ten thousand, neither about a bubble is out of the question.

Not the case anymore. Fees have fallen through the roof, you can get into the next block with less than 5 bucks now. The fall in price is tied with the tether fud mostly. Sad to see the markets so affected by something relatively meaningless. The news about the subpoena is 2 months old, if I'm not mistaken.
full member
Activity: 259
Merit: 100
- "Bitcore (BTX) - The Future is Now"
January 31, 2018, 02:45:58 PM
#20
I don't think the bubble is bursting atm , if you look at the charts of eth you see it performing way better over the pas 20 days.
Maybe people are finally realizing that there are much better options then bitcoin to choose from.
member
Activity: 140
Merit: 10
January 31, 2018, 02:43:20 PM
#19
interestingly unfolded events. I do not think that bitcoin will burst now, there are too many stakeholders in it. If you now bought in the negative, then just wait and do not worry.
member
Activity: 294
Merit: 17
January 31, 2018, 02:37:01 PM
#18
Because of bitcoin's unpredictable change in price, we should always be prepared for what may happen. For the past months the price of bitcoin did not go very high but go down bit by bit but I think this is still just natural to happen in cryptocurrency world.
hero member
Activity: 3052
Merit: 651
January 31, 2018, 02:24:48 PM
#17
I use the Bitcoin price ticker widget from coindesk simply because it’s always there and easy. It has today's low at $9,627.89. That’s a 29% drop for in January and a 50% drop since December. I don’t know what people think popping a bubble is but I don’t think it means dropping to zero, 50% is good enough.

This is a normal cycle for bitcoin. It isn’t bad that it pops, goes down, crashes or whatever you want to call it because it never goes down to the level it was at before the run up happened. If it was at $10 and goes to $100 when it pops it will fall to $40 or $50. If it was $50 goes to $1,000, when it pops it will return to $500. People should look forward to the pop and do their best to buy the bottom.

Someone I do agree with.
It looks like a fall but the truth is it really should be there at the first place.
The pump made them think this should be the price for bitcoin now. (20k dollars)
Which is not.
That is way too fast for one market to grow and it is really questionable. I am not happy it dipped but one thing is for sure. This is the price and it is just fluctuating now.
And just like he said, I dont see it also falling at 50 percent after it went back to where it was before.
full member
Activity: 602
Merit: 107
January 31, 2018, 02:19:03 PM
#16
It's just a correction, still up a few times since November (whole crypto market cap) Smiley
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
January 31, 2018, 02:12:48 PM
#15
The Tether FUD is very strong as we can see, and it's having an impact on the price. Even if we crossed the $10,000 psychological barrier, it refuses to dip further tho. Analysists such as Tone Vays claimed that if we got below the $10,000 price we would crash to $7,500 and then start rebounding, but he has been wrong a lot of times, and it wouldn't be the first time we see a double bottom with a price recovery in Bitcoin so I wouldn't be too sure to simply short it to $7,500.. just hodl.

We’re below $10k right now.

it's at $10,019 right now in Bistamp prices. It just keeps going up and down on that $10,000 line:


The market is still undecided, it doesn't know if this should be the bottom and therefore the recovery, or just the beginning of the download to lower resistance lances.

And before I posted this, It went to $9999, and now at $10,000.43...



We will keep flirting on this line until it's decided. Anything can happen. Just because it was crossed, doesn't mean the dips is guaranteed.

I use the Bitcoin price ticker widget from coindesk simply because it’s always there and easy. It has today's low at $9,627.89. That’s a 29% drop for in January and a 50% drop since December. I don’t know what people think popping a bubble is but I don’t think it means dropping to zero, 50% is good enough.

This is a normal cycle for bitcoin. It isn’t bad that it pops, goes down, crashes or whatever you want to call it because it never goes down to the level it was at before the run up happened. If it was at $10 and goes to $100 when it pops it will fall to $40 or $50. If it was $50 goes to $1,000, when it pops it will return to $500. People should look forward to the pop and do their best to buy the bottom.
member
Activity: 266
Merit: 32
January 31, 2018, 01:29:16 PM
#14
We’re below $10k right now.

This month I got $20 from online surveys.  Bitcoin $10,000 is a giant bubble.  Angry
legendary
Activity: 1372
Merit: 1252
January 31, 2018, 01:22:21 PM
#13
The Tether FUD is very strong as we can see, and it's having an impact on the price. Even if we crossed the $10,000 psychological barrier, it refuses to dip further tho. Analysists such as Tone Vays claimed that if we got below the $10,000 price we would crash to $7,500 and then start rebounding, but he has been wrong a lot of times, and it wouldn't be the first time we see a double bottom with a price recovery in Bitcoin so I wouldn't be too sure to simply short it to $7,500.. just hodl.

We’re below $10k right now.

it's at $10,019 right now in Bistamp prices. It just keeps going up and down on that $10,000 line:


The market is still undecided, it doesn't know if this should be the bottom and therefore the recovery, or just the beginning of the download to lower resistance lances.

And before I posted this, It went to $9999, and now at $10,000.43...



We will keep flirting on this line until it's decided. Anything can happen. Just because it was crossed, doesn't mean the dips is guaranteed.
member
Activity: 266
Merit: 32
January 31, 2018, 01:19:16 PM
#12
Bitcoin has fallen in price, as it has problems with slowness and transaction hanging and the high cost of commission fees. Therefore, he decently lost in his popularity, investors do not want to invest more in him. On the other hand, so far with such a cost of ten thousand dollars can not be said that bitcoin has become a big bubble and this bubble is already bursting right. This is fiction. Bitcoin is able to swell in its bubble and up to one hundred thousand dollars and it is unlikely to burst. And at a price of ten thousand, neither about a bubble is out of the question.

At $18/ounce, money is going to Silver   Wink
legendary
Activity: 2786
Merit: 1031
January 31, 2018, 01:18:40 PM
#11
You gotta stay relaxed.

jr. member
Activity: 70
Merit: 5
January 31, 2018, 01:18:15 PM
#10
Yes. The ALTCOIN bubble is bursting !
which means when the market picks up, money will flow into BITCOIN
full member
Activity: 266
Merit: 106
Floki Robot
January 31, 2018, 01:16:36 PM
#9
Don't think we can be certain of this just yet because we have seen 50% retrace plenty of times over the last couple of years. I will concede though if bitcoin falls below 10k and stays there for a week then we are in some mighty hot water Undecided.
hero member
Activity: 658
Merit: 505
January 31, 2018, 01:15:48 PM
#8
I disagree. Bitcoin is not a bubble and it's not bursting.
Price movements are part of volatility process and currently some price corrections are active and don't look at this only short term or comparing the values only in the past one year, you will not get relevant conclusion.
full member
Activity: 2142
Merit: 183
January 31, 2018, 01:15:12 PM
#7
Bitcoin has fallen in price, as it has problems with slowness and transaction hanging and the high cost of commission fees. Therefore, he decently lost in his popularity, investors do not want to invest more in him. On the other hand, so far with such a cost of ten thousand dollars can not be said that bitcoin has become a big bubble and this bubble is already bursting right. This is fiction. Bitcoin is able to swell in its bubble and up to one hundred thousand dollars and it is unlikely to burst. And at a price of ten thousand, neither about a bubble is out of the question.
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