Topic: The Bitcoin bubble bursted, say GOODBYE to $600 - page 2. (Read 5532 times)

after the 20-30% off discount auction of 30k bitcoin, the buyer will dump all btc at once at market, then we see $500 and $48x

You are clearly falllling for the bear trap 

the dead cat bounce finally being weaker, $500 is coming

OP, I have news for you...

...Nobody can see the future. I have been in the commodity speculation business for 20 years, and while we do use historical data to predict changes and trends in the end nobody knows anything. I have seen bubbles get WAY bigger than anybody thought. And I have seen sure things that could never go under just pop. The only thing you have control of is your own willingness to take on risk. So please don't make the mistake that YOU are calling an end to ....anything.

PS: I can tell you when you want to get out of a bubble (be it stocks, real estate or whatever)...it's when you see house wives on TV talking about their schemes.

This trolling comes in waves. All of a sudden we get 3 or 4 similar posts from new accounts.

Boring!!

lmao...some sort of "for not being original" premium fee if condition actually happens

My apologies. Literally my first post.

In my defence, I included it so I could point out the visual similarity between the OPs chart with a similar chart of the Berkshire Hathaway stock price, so I kinda needed the images to make my point that the chart by itself does not mean we are in a bubble.

Anyway, obviously still learning the ropes - lesson learned.

There should be some sort of fine for people posting the OP chart AGAIN.
If we go down to $500, what does it have to do with the "bitcoin bubble bursting"?
This bubble has burst some months ago, and we're now in the midst of a consolidation period with its ups and downs. $500 wouldn't mean much.

Yup.  This basically what he is doing

This board deserves a better class of troll.

Let me guess it is going to take another year or two to get back to $600?

I wouldn't get that hopefully just yet

see? the down trend just started

$5xx $4xx $3xx

Long time lurker... just couldn't let this pass... 

Yes - it looks familiar - I've seen something like it before...:
https://i.imgur.com/Rbi9FE5.png

That's Berkshire Hathaway Class A stock chart 2000 to 2010...
... you can see all those "mania" investors piling in all through the MANIA phase and can imagine them despairing in the BLOW-OFF phase
...except of course, Berkshire Hathaway has gone UP more than a little since then, and now trades well ABOVE the "mean" line drawn here...

If you look hard enough, you will find a pattern in the chart to support whatever interpretation or position you want to take. Just because the chart looks like the professors stylised version of a "mania" chart, doesn't mean that bitcoin is a "mania" investment.

The key difference between a "mania"-fuelled bubble (like tulips, the South Sea bubble, even housing pre-crash) and an investment that is simply volatile and on track to grow spectacularly is that in a "mania" the price is not supported by the underlying fundamentals. You can look back and smack your forehead that people EVER thought tulip bulbs could be worth more than a home. I mean seriously, c'mon??

However, Bitcoin could literally rewrite the rules of money - and if (when!) successful, will provide immense value. Obviously there are risks that threaten its success which must be accounted for - but the fundamentals definitely support a premium price IMHO.

I believe we are still in the relatively early-adopter phase given the potential size of the market Bitcoin serves - a position which is underscored by the daily news of new merchants adopting Bitcoin - so I expect we will see the price rising significantly from here.

oh it's the same thread again...

i deduce since this never happened



that this will not happen either.


where do you get the idea that we ever went to the 200s? its barely even touched 380 during the crash. you really outdo yourself with stupidity with every post. its astonishing, really.

Maybe failing is really Fonzie?

ITT: falling jumps the shark

I wonder only why I didn't yet ignored him. I guess that stupid chart does it, finally