Warning: Bubble about to pop. | Bitcointalksearch.org

Yuuto

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Quote from: kwukduck on May 08, 2017, 09:21:11 AM

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

it would seem that your warning isn't very creditable. thanks for the effort to try and warn of incoming doom, but the apocalypse ain't here yet hobo so go back to sleep in your dumpster. hint... just because bitcoin price/value goes up... doesn't mean its gonna go right back down. quite being willfully ignorant and trying to spread panic. its not your place and it wont end up making you any friends... or giving you a life.
things that influence bitcoin value negatively include dumping, media negativity, and governments/ organizations/ companies trying to bend bitcoin to there own will. positive affects on bitcoin include more new bitcoin users, media positive hype, and a wider base of acceptance.

BrewMaster

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There is trouble abrewing

Quote from: Qartada on May 14, 2017, 10:48:04 AM

Quote from: RodeoX on May 14, 2017, 09:25:50 AM

Quote from: Qartada on May 14, 2017, 08:48:55 AM

The sentiment of people on this forum and other places where people speculate about prices are great for trading.

Majority of people say Bitcoin is dying with no evidence? Time to buy.

Majority of people say Bitcoin is going to the moon with no evidence? Time to ~~sell~~ Spend.

If there isn't a clear winner you just look at which ones are the most ridiculous, like this one.

I like your logic. But I did modify one thing. If you spend it on something you were going to buy anyway, you will not only save fees but strengthen the bitcoin economy. So if you can, consider spending.

Good point. Unfortunately, a lot of the merchants who accept Bitcoin are going to sell it straight afterwards for the stability, but it's still better to spend as it makes it appealing for more merchants to start accepting it.

why do you even care what merchants do with what they receive

i read somewhere that according to bitpay many of them receive bitcoin from their service not the fiat value. of course bitpay provides receiving fiat and many of them do.
and by the way, coins that are sold have no effect on the market price.

Qartada

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Quote from: RodeoX on May 14, 2017, 09:25:50 AM

Quote from: Qartada on May 14, 2017, 08:48:55 AM

The sentiment of people on this forum and other places where people speculate about prices are great for trading.

Majority of people say Bitcoin is dying with no evidence? Time to buy.

Majority of people say Bitcoin is going to the moon with no evidence? Time to ~~sell~~ Spend.

If there isn't a clear winner you just look at which ones are the most ridiculous, like this one.

I like your logic. But I did modify one thing. If you spend it on something you were going to buy anyway, you will not only save fees but strengthen the bitcoin economy. So if you can, consider spending.

Good point. Unfortunately, a lot of the merchants who accept Bitcoin are going to sell it straight afterwards for the stability, but it's still better to spend as it makes it appealing for more merchants to start accepting it.

RodeoX

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The revolution will be monetized!

Quote from: Qartada on May 14, 2017, 08:48:55 AM

The sentiment of people on this forum and other places where people speculate about prices are great for trading.

Majority of people say Bitcoin is dying with no evidence? Time to buy.

Majority of people say Bitcoin is going to the moon with no evidence? Time to ~~sell~~ Spend.

If there isn't a clear winner you just look at which ones are the most ridiculous, like this one.

I like your logic. But I did modify one thing. If you spend it on something you were going to buy anyway, you will not only save fees but strengthen the bitcoin economy. So if you can, consider spending.

Qartada

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Activity: 546

Merit: 500

Quote from: DrGuns4Hands on May 14, 2017, 07:36:37 AM

It's common since the day I started using cryptocurrency. Bubble about to pop? Nah. That warning I think is to aware of the people for their investment in cryptocurrency/bitcoin. For them to alarmed if there investment is successful or not. But don't mind wasting your time thinking about it. Just buy more bitcoin as much as you can and earn it in the end. Wink

The sentiment of people on this forum and other places where people speculate about prices are great for trading.

Majority of people say Bitcoin is dying with no evidence? Time to buy.

Majority of people say Bitcoin is going to the moon with no evidence? Time to sell.

If there isn't a clear winner you just look at which ones are the most ridiculous, like this one.

DrGuns4Hands

hero member

Activity: 910

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It's common since the day I started using cryptocurrency. Bubble about to pop? Nah. That warning I think is to aware of the people for their investment in cryptocurrency/bitcoin. For them to alarmed if there investment is successful or not. But don't mind wasting your time thinking about it. Just buy more bitcoin as much as you can and earn it in the end. Wink

Iranus

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Leading Crypto Sports Betting & Casino Platform

Looks like Kwukduck was wrong, once again. The "balloon deflating" was a slight bear trap and the price is now back up to around $1800 where it was before.

Bitcoin's price fluctuations often work in pump and dumps of increasing sizes. Three have already happened and after each there was a significant bear market. Based on the changing sizes of those pumps, a pump and dump would currently require the price to rise to several thousand, and this isn't a pump. We get the same idea looking at fundamental causes of the price.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: kwukduck on May 13, 2017, 02:02:04 AM

You guys all keep ignoring the elephant in the room that caused this hype in the first place and will also cause the crash....

The hard fork. BU is gaining support daily nearing 50% while SW support is diminishing.
When it actually hits 50% in a week or so shit will hit the fan. Every single whale will dump all he has and the average Joe will follow selling at great losses.

This type of logic/thinking ^ is very similar to trying to equate and rationalize 9/11 and the war on Terror because of "Osama Bin Laden".

Cheesy

Did you believe that narrative?

craked5

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Quote from: kwukduck on May 13, 2017, 02:02:04 AM

You guys all keep ignoring the elephant in the room that caused this hype in the first place and will also cause the crash....

The hard fork. BU is gaining support daily nearing 50% while SW support is diminishing.
When it actually hits 50% in a week or so shit will hit the fan. Every single whale will dump all he has and the average Joe will follow selling at great losses.

Nah
Or at least not me
Please dump all as hard as you can!
So I can buy a few coins under 1000$
That would be really sweet of you thankss <3

1Referee

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Quote from: BTCLovingDude on May 13, 2017, 05:33:43 AM

i can even say miners are not supporting BU, they are just signalling it to disagree with Segwit.

BU support is indeed fake. If the pools that signal support for BU wants it to get activated (with a chain split as result), they have the power to do so by allocating enough hashpower to BU. But that's obviously not the case. Pools that aren't somewhat tied to WU and Ver, know that BU is pure trash. It's not even worth supporting, but as you also mentioned, they just signal BU support to not let Segwit activate because they don't see value in it. It's a nasty practice nonetheless.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: kwukduck on May 13, 2017, 02:02:04 AM

BU is gaining support daily nearing 50% while SW support is diminishing.

LOL. BU support is the same as before and nothing has changed about it for months. and the nodes keep crashing, the number of massive crashes is at 5 right now.
at this rate the number of nodes continue to fall and nobody is trusting the buggy proposal anymore.

i can even say miners are not supporting BU, they are just signalling it to disagree with Segwit.

Nagadota

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Quote from: kwukduck on May 13, 2017, 02:02:04 AM

When it actually hits 50% in a week or so shit will hit the fan.

BU and SegWit support are both by small amounts of pools. SegWit support can't just meld into BU support because it's only 3 big pools. You also thought it was going to happen very soon last month, and support then was only 2% less than now. Also, it has to consistently stay over 50% for a long time in reality.

Dudeperfect

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We must understand the fact that bitcoin is not only having capital of the users alone. There are some institutional investors staked their part of the investment in bitcoin and they have nothing to do with the payment technology, all they want is profits. They will book profits if the price is reaching anywhere near to their expectations so yes the price will fall but at the same time, there are many traders who placed orders on lower levels so the fall won't be much imo. Being a volatile currency, we should expect such things at least for next few years.

kwukduck

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You guys all keep ignoring the elephant in the room that caused this hype in the first place and will also cause the crash....

The hard fork. BU is gaining support daily nearing 50% while SW support is diminishing.
When it actually hits 50% in a week or so shit will hit the fan. Every single whale will dump all he has and the average Joe will follow selling at great losses.

btcney

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Activity: 588

Merit: 500

Quote from: kwukduck on May 08, 2017, 09:21:11 AM

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

I think the craze is definitely getting in people's heads a bit and although I don't necessarily agree with everything that you have said on this forum I do think that you are right this time and the bitcoin price is saying it all.

People are basically hoping that there is someone out there that will be more hyped than they are. But eventually money runs out, whales have to take their profit and run... And all these people who invested and kept saying hold hold hold gets their asses whooped.

I'm not saying that bitcoin isn't going up in the long term, I do think that bitcoin is going up 100% in the long term, but right now this resembles too much of a bubble to be sustainable. If you think it's going to go up, at least diversify some of your savings into other assets, justto be on the safe side.

hase0278

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Quote from: smoothie on May 12, 2017, 08:07:15 PM

Quote from: kwukduck on May 12, 2017, 12:46:22 AM

Oh look at that nice balloon deflating... who could have expected that?

As if the price going down really gives you any credibility. Markets move...they go up and down...not surprising.

That's like saying the sun will rise then set tomorrow. Whooptie dooo....

Congratulations you deserve a cookie.

Hahaha lol look whose back the same old kwukduck. The price really did go down today but it wouldn't be that big IMO. There's no use in debating with him because he spreads the same old fud he used to spread which newbies believe in most of the time so he does it. Just let him be its up to the readers though to believe him or not to believe. For now I will watch price movements.

smoothie

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Quote from: kwukduck on May 12, 2017, 12:46:22 AM

Oh look at that nice balloon deflating... who could have expected that?

As if the price going down really gives you any credibility. Markets move...they go up and down...not surprising.

That's like saying the sun will rise then set tomorrow. Whooptie dooo....

Congratulations you deserve a cookie.

richardsNY

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Quote from: Kiweikoo on May 12, 2017, 10:11:05 AM

Quote from: leowonderful on May 09, 2017, 08:05:27 AM

I feel like nobody takes Kwuckduck seriously anymore (the world's best predictions) and we just come to these threads to laugh about them. Maybe one day we'll come back to this and have a nice chuckle as price reaches more ATHs. Only bubble about to pop is the alt bubble.

Hmm… I think no one should take Kwuckduck serious because he is throwing things totally out of nowhere. I guess he is quite a good entertainer of the forum that makes the member laugh at what he says. How come someone can deny that Japans acceptance of the Bitcoin and say that it is a bubble. It is a very bad joke by the way.

Most people don't take him serious. However, noobs mostly tend to value everything coming from him as legendary member. They mostly tie knowledge to a high member status, but that's obviously not how things are in reality. That's the only reason he's continuing this nonsense. Also, he is just playing a game -- behind his bearish appearance a massive bull is hiding....

RodeoX

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The revolution will be monetized!

Quote from: Iranus on May 12, 2017, 10:13:56 AM

Quote from: kwukduck on May 12, 2017, 12:46:22 AM

Oh look at that nice balloon deflating... who could have expected that?

The price is over $150 over when you made this thread. Of course you wait for a tiny little correction which happens all the time in anything that's appreciating in value, then try to pass it off as a crash, because you can only ever focus on the negatives. It's too late and maybe you should look at the many times you've been wrong recently before now. Get humble.

yeah, come on duck. That is like saying you can predict the weather because you once said "It is going to rain someday".
Roll Eyes

Lorak

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What a difference a bubble or not? The main thing that it brought in an income. If you look into the distance, then I would not have risked, and now this "bubble" can bring very bad income.

Topic: Warning: Bubble about to pop. (Read 5013 times)