Topic: [POLL] Is the bubble bursting?? (Read 389 times)

I kind of agree with you that long-term, Bitcoin really does need to improve its fundamentals in order to become a legitimate player in the global economy. But ever since its inception years ago, it's been a speculative instrument with a low barrier of entry more than anything else. A 15 year old kid can go online and buy a $20 stake with money from mowing lawns, and then tell his friends how he made an easy $100 by "day trading". It's much easier than starting an IRA account, and the returns are potentially MUCH faster. That's the appeal, IMO. I don't really see that going away for awhile. Let's face it, 99% of the people involved with crypto currency couldn't care less about the block chain speed, etc. They just want to make money fast! I think we will be back to another ATH in another year or two.

there was no bubble ever since bitcoin fell about 50% back in 16-17 January down to $9k-$10k price. it had already burst by then. anything lower than $10k is pure manipulation and panic dump in my opinion caused by a lot of FUD and lots of negative news that are filling the media and they are not even new!

with that said we are nearly at 70% drop! i wonder when this is going to end


you asked that on 18th where price was recovering from a drop and while the $10k support was holding pretty strong. i don't see anyone calling you crazy, nobody can predict bitcoin price but we go with what we see and with such an strong support holding the drop was not expected.

It certainly is a bubble burst. A grand is pretty far out. It's possible though. After witnessing today's action I'm leaning towards a $2k ish bottom myself but we're not going to reach it this during this round. That comes later.

It has been a bubble since before hitting $1,000 so you should remember the history on how many well known personality told that bitcoin is a bubble.
Sad to say that $6,000 will be the support of it and it goes lower than that we might see the rebound long time as we are expecting at the end of February. But let's see until the Chinese New year ends because its still too early to say that it will rebound.

Bitcoin is going back to 1k imho. To much bad stuff is going on. This is not panic selling this is realizing a lot of these crypto coins don't have value anymore. This is regulation keeping people from buying cryptos. And people are now learning the coins by themselves don't really have value only the ecosystem does. Bitcoin block chain is to slow its not working the way it should. Mike Hearn was right. Tether also a big problem now. People found out they manipulated up the price of bitcoin so when people see money is printed out of thin air and manipulation going on thats not different then investing in a fiat currency or the stock market. When people feel scammed it is natural to move out of a investment I think a lot of these coins are going to tank not just bitcoin. Ripple token lost its value because banks and businesses said they are going to use fiat on its ecosystem and have no interest in the xrp token. Same for stellar. Factom I believe is doing the same thing they are allowing governments, businesses etc use its ecosystem with fiat. So these crypto businesses are by passing using its crypto to pull in big businesses so it can get more volume and they don't care if its in crypto or fiat. So i think people feel like whats the point of investing in them these businesses have no interest in protecting the price of the crypto coins for investors. Its why they say non profit. Until bitcoin can make transactions go a lot faster at a cheaper price I see the coin falling. But if they can fix that issue that would be the one way I see it bounce back up to 20k. So there is always a chance it can bounce back, but the technology has to improve.

This tank was to be expected. Because of christmas people are out of money. That's why

A lot are saying that and we can  expect that to happen soon so there's no need to worry so better to buy now in dips.
After all the FUDS plus all the trolling in social media many really panic and ask themselves if they got screwed up or not and because of this bubble thing that the social media implies which at the first place isn't true. Soon these will all make sense so just sit back and relax.

a few days ago I read an article and there told me about the market that bitcoin prices will be as stable after the Chinese New Year and bitcoin prices will go back up and setabil, so for all of you do not panic with this.

I hope not facing 1k.
I know its difficult to realize bitcoin can be rebounce but thats what we need right now. We dont need much rebound at the moment. Need small rebounce first then continue big rebounce.

Your vote does not count, it's spam and you never stop talking here because you are after page impressions from the footer of your post 777.

About time a few home truths about this forum were exposed like how the home boys can use knuckle dusters
and anyone from the other team gets banned for swearing are having the balls to fight back.

Sorry but the moderators here are going to learn some respect and censorship will not be tolerated by me so ban away fuckers and see if it works.

 

after this huge hoooraaah that is currently being perused against bitcoins ,the announcement will come governments now propose proper taxation and regulation and that will be the end of this mission against bitcoins , prices will once again rise and the market will once more seem as if nothing had transpired in terms of pricing ," you cannot expect to be collecting and not be paying your dues".

It won't go below $1k, I don't think there is any kind of bubble that extends down that low unless everyone is REALLY pulling out of Bitcoin and are intending to let it die. That's something a majority of people within the community right now don't want to see happen, and I would rather not have the market go under $1k either. Keeping it relatively high is a much better scenario to be in, in my opinion.

There'll be a stop to the crash and there will be a support level found. Just have to wait and find out when it'll stop.

People get your heads out of the sand. Stop listening to LUNATICS like John McAfee and James Altucher for financial advice. It's popping in full swing and we'll see 2k in a few more months. Bitcoin will rise again but not for a while. It's obvious to anyone with a brain that this tether fraud has been propping up the price. What we're seeing now is bitcoin crashing without the "tether support" to eat up all the sell walls. I remain bullish long term but why lose 90% of your capital stubbornly hodling??

Actually its not at all a bubble. After reaching ATH, its just returning to its previous price.Every one wants to see its price from 20,000 dollars and they forget that its price was just 5,500 dollars two months before.

I think bitcoin will pump soon as some people are buying the dip! I'm spreading the word of Lightning network hope it bounce back easily to get the price of 20,000usd.

What a stupid question. It's down 60%. Not is. Has.

Question now is how much further will it deflate. Normal btc bubbles drop 90% which is why I've been saying $2k for the last 2 months but that's only approx.

Problem is on this one there is so much more crap going on that it could well drop further this time, certainly the speed of the current fall is unprecedented.

Also calls into question the market caps that are often quoted. In real world it's all related to profit a company makes. Remember tech crash? Affected companies with wildly inflate price to earnings ratios. Well that's crypto to a tee. There is o profit so the ratio is actually negative when you take into account new coins coming into circulation through mining.

So yeah. Burst and still deflating, hopefully for good.

We need the lightning network to pump the price back up to $20,000. With a lot more alt coins making some noise in the cryptocurrency community, maybe a lot more investors would venture to alt coins rather than the king. If we eliminate the initial problems of bitcoins like the outrageous transaction fees and the long transfer rate, then it is safe to say that bitcoins will be a staple name to most of us and the likelihood of the bubble bursting would significantly decrease.

A lot of the people are panic selling because the price is dropping. I am not going tl panic sell my coins...

you guys have no idea if the price will keep falling. back in December people were talking 100k and had all these arguments. now it's all doom and gloom. just herd mentality. the focus should be on the LN and making this a workable product. the price will do what the price will do

With current prices, it is more profitable to buy some assets, and retain existing ones rather than sell. how much loss you will receive when you sell your assets for $ 6k when you buy above $ 10k. I do not understand why they chose to lose most of their assets or worse choose "suicide".

Back to topic, if this is a good time to buy, I think the price should go up again. but for an unexpected time.