Topic: We are here. (Read 949 times)
Do I really have to post this again?
Yep, second time for me seeing this chart, and I believe it and variations of it have popped up this year, perhaps even earlier. I don't buy into it, first of all, since Bitcoin is an extremely unpredictable market that has repeatedly eschewed all known conventions on any other asset/commodity.
But if I were to take a guess, then on a global weighted scale, we're yet to hit that "false bear" in the middle. I suspect when most of the world's big economies have their banks and traders and the full 1% of wealthy people in Bitcoin, the price will jump unimaginably high, unimaginably quickly... that will tempt enough long-termers to sell at their targets, trigerring mass sell offs to send that bear signal for a sustained term.
Long-termer here. I hope to see my target hit when I retire. Keep a few coins for whoever's left to live after me, and live the rest of my life out quietly. Too much to dream?
But if I were to take a guess, then on a global weighted scale, we're yet to hit that "false bear" in the middle. I suspect when most of the world's big economies have their banks and traders and the full 1% of wealthy people in Bitcoin, the price will jump unimaginably high, unimaginably quickly... that will tempt enough long-termers to sell at their targets, trigerring mass sell offs to send that bear signal for a sustained term.
Long-termer here. I hope to see my target hit when I retire. Keep a few coins for whoever's left to live after me, and live the rest of my life out quietly. Too much to dream?
if we made a new vanity address called 1BBLChart..... and each of you who post this "bubble stages chart" send 100 satoshi to that address (assuming 100 satoshi transactions would be possible) then that address could have had 10BTC in it.
what none of you realize is that we are not even in the second phase yet. you think the "media attention" has happened already? not at all! they are still laughing at bitcoin on the media most of the times and call bitcoin "Fraud" and things like that. this attention has grows a lot but it is not even near what that chart is saying.
It is just FUD, there are people that love to spread bad news around the internet and see the results of their efforts, bitcoin has gone up but this is just the beginning, to put things into perspective, bitcoin has this huge price with just a few million users if that number of users jumped to 100 million in the next years I will not be surprised to see a price 10 times higher than now. what none of you realize is that we are not even in the second phase yet. you think the "media attention" has happened already? not at all! they are still laughing at bitcoin on the media most of the times and call bitcoin "Fraud" and things like that. this attention has grows a lot but it is not even near what that chart is saying.
This chart proves nothing, it is just a picture with no other information that supports the prediction. I don't even think that bitcoin is bubble, at first it is but after coming back from a big loss bitcoin resist to go down again so bitcoin broke free from being a bubble, it has purpose it is being used widely and that only assures that bitcoin will never go over despair and it is ridiculous to think that bitcoin will ever lead into something that low.
Which's clear we are at a price movement that includes a new history of bitcoin price movements that from previous years never to reached it yet.
Previously.. I didn't yet really believe we are in the that picture / graphic, but at least it can be a consideration for me in observing the price and will trying to prove it as time goes on.
I think bitcoin's price can still having big chances tend to leads more higher again than now.
Previously.. I didn't yet really believe we are in the that picture / graphic, but at least it can be a consideration for me in observing the price and will trying to prove it as time goes on.
I think bitcoin's price can still having big chances tend to leads more higher again than now.
A lot in here thinks that this chart is a prediction, that we are going in a despair when we sell of our bitcoin and this is a prediction that OP think bitcoin might go, but this is a chart for speculators in what to call on different case of the movement in any chart like this, we had seen the four phase of a chart in getting in a bubble, in this chart we can see a bear trap the first sell off of a coin or asset then forms a bear trap that might went to some fear then continues to goes up forming a bull run then after an All time high a bull trap occur, I really think this chart is helpful for some analysis and investors.
Honestly i would like to see the bubble burst and buy up as much bitcoin as i can when BTC gets overdumped like hell. When everyone else is talking trash about bitcoin and saying that it's got no future, thats when you know you should buy.
We're still in the institutional investors stage at the moment. Goldman sachs and other investment funds/banks have only got into cryptos a few months ago and people are still flooding in.
IMO, bitcoin will get up to at least $15000 per coin before any sort of actual flash crash happens.
We're still in the institutional investors stage at the moment. Goldman sachs and other investment funds/banks have only got into cryptos a few months ago and people are still flooding in.
IMO, bitcoin will get up to at least $15000 per coin before any sort of actual flash crash happens.
Hell yeah everyone us here wants to buy at the bottom to have a good profit but the fact that bitcoin is in uptrend position so we must buy some now or else we'll regret it by our lives.
Closely to $10000 I'm very much optimistic that we can close the year with that amount.
But it does look like a "double top" is forming, eh Denker? That is a bearish signal, but it is also an opportunity to buy on a discount. I will save more fiat and buy as much as I can for the next push back up.
Keep buying the dip everyone.
Keep buying the dip everyone.
People who are looking who want to buy the bitcoins may expect the bitcoin price dump but the investors who are already invested on bitcoin will never let that happen because lose will be big impact to them.
Now bitcoin value is somewhat around 7.6k US dollars in the preev and Coindesk chart.
If you really looking for the profit you can invest the bitcoin at all the time and the value will bump more in the chart.
Bitcoin is more stable and lower risk that any other times so i think at litter bitcoin will keep it’s high rank in future
Its always like this that people laugh at one thing at first and then when that thing booms, all those laughing will have the biggest regret. I am really ooking forward to that day.
But it does look like a "double top" is forming, eh Denker? That is a bearish signal, but it is also an opportunity to buy on a discount. I will save more fiat and buy as much as I can for the next push back up.
Keep buying the dip everyone.
Keep buying the dip everyone.
When I look at the BTC chart I have to disagree.
We made a new ATH and it looks like there is still some steam left.
Therefore I can't see any bulltrap. It's more like the bears got rekt!
masterluc disagrees:
https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/
https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/
If I read the chart right, masterluc's prediction for today's price is lower than the market price, which makes me believe that $40,000 per Bitcoin can be attained earlier than his 2019 "deadline".
But as a permabull, who buys on the dip, I am still not convinced, or maybe I am cautiously optimistic because I do not want to be disappointed.
Hahaha this is so funny, it's a reality that exists, but I feel that to compare each stage with the past is not right, at this stage I feel it's possible that bitcoin shall not see a drop anytime soon and that it shall continue rising. Bitcoin futures is coming and if square excepts it then it's amazing to. I feel at this stage Bitcoin will keep on rising till new heights, and I don't see it coming down, and with segwit2x coming back its reaching new heights.
This is so stupid I wanted to write a proper reply but don't think its worth it...
OP if you can't figure out where we are in that bubble (futures start december) and the difference with stocks (most of the things in that bubble did not start from 0) I dont know what to say, you should write for marketwatch.
PS: those bubbles were chewing trillions, btc is barely 100bn, even if it falls, its like an ant thurd in comparison
OP if you can't figure out where we are in that bubble (futures start december) and the difference with stocks (most of the things in that bubble did not start from 0) I dont know what to say, you should write for marketwatch.
PS: those bubbles were chewing trillions, btc is barely 100bn, even if it falls, its like an ant thurd in comparison
These markets make no sense at the moment, especially in view of teh mempool issue and the lack of adoption by merchants. Take a little bit of profit folks, not your whole stash, but a bit, just in case.
traders don't care about the mempool or fees and never have. and everyone knows it was an artificial attack intended to coordinate with the bcash pump.
hardly anyone cares about merchant adoption. why would you want to spend it when it could be worth more next month?
i agree about the markets making little sense.
That chart looks good and I have seen it here for many times. However, Bitcoin is a different animal and there are some points in that chart which are not really accurate if we have to look at what really happened in Bitcoin's history. But then again, that chart can still help us to get inspired to continue on holding to what we got. And that is the most important thing for now.
Nothing is as different as that!
These markets make no sense at the moment, especially in view of teh mempool issue and the lack of adoption by merchants. Take a little bit of profit folks, not your whole stash, but a bit, just in case.
guys OP is right, he just forgot to flip his image when he was done drawing the arrow before uploading it.
let me fix that for you
let me fix that for you
That chart looks good and I have seen it here for many times. However, Bitcoin is a different animal and there are some points in that chart which are not really accurate if we have to look at what really happened in Bitcoin's history. But then again, that chart can still help us to get inspired to continue on holding to what we got. And that is the most important thing for now.
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