Bitcoin Forum

With bitcoin crashing hard again and continuing it's downtrend of almost -10% today it's clear we've entered a new bear market for the unforseeable future.

The problems are only getting bigger and bigger.

ETF will be declined. Chinese exchanges will soon be shut down. US governments are probably also going to crack down on crypto.
There is no solution to the scaling problem and all proposals are being rejected by a stuborn and ubthinking community.

We will hit $800 by the end of the week and are  probably not going to get that high anytime after that..

I'm really befmginning to doubt there's still anything to do to repair all the damage and actually fiz bitcoin.

Do you post in r/buttcoin?

I think they are not bulls and i think the reason why the price of bitcoin are getting dump due to the news about ETF rejection.
Well its been discuss few days ago and i think this is the reason because its started to dump when the news releases.

ahaa, good old  kwukduck . I must say i have not missed you but i knew as soon as i did see the red candles you would start a doom thread.

What are you talking about?  The ETF has not been rejected yet.

Another attempt of these (https://bitcointalk.org/index.php?topic=1788613.0) ???

But tbh, I must say it feels bearish now, but it might just be a shakeout.

I don't think so, I think $1000 is rational decimal for the price of bitcoin. We know the bitcoin is damaging itself. and i think there are a lot of the problems on the bitcoin and it must be resolving.
But 7k dump btc at the early bearish trend is very good for me. Just waiting for the another bullish is coming.

And that's the only information worth looking for today. All the other critic points mentioned by OP are fixable, most of them merely community related. In some regards Bitcoin keeps missing a strong lead developer personality since Satoshis departure.

Bitcoin is undervalued even if it never gets any further scaling updates. Bitcoin is digital gold 2.0, it's interim price is of $100,000+ as gold 2.0 properties alone. If it scales or not so idiots can buy starbucks with it is totally irrelevant.

Anyway, posting in another kwuk troll thread.

How does kwukduck avoid getting banned for all the FUD he spreads and why do people keep posting in his threads encouraging him to continue this bad behavior?

Hahahaha bitcoin surges 200%, kwukduck says that a crash is imminent. Bitcoin dips 10%. Told you so. Hahahahaha! Even twice a day a broken clock tells the correct time. Hahaha.

Kwukduck you seem to have made an awful lot of spelling mistakes in your OP, maybe too much champagne for your small victory? Btw, we're seeing steady gains now that a whale has offloaded ;) howboutda!?!?

A bear market is part of the cycle, it's healthy. Not so much to worry about I believe.

There's that cynic theory that occasional bear periods are interspersed for popping adventurous leveraged shorts.

Oh, shut the fuck up kwukduck. Bitcoins go up up up up up down and you think you're some kind of Saint now. What the hell is wrong with you? We're still around the ATH from the past and the ETF news is coming out soon. We'll be heading to the moon if it's passed.

You do know what a bear market is right? A bull market with a small dip isn't exactly a bear market. It needs to be an actual downward trend. All I see is a VERY strong UPWARD trend.

The amount of gains you've missed out on since being bearish at $10 is absolutely staggering.  Yet you continue to beat the bear drum. 

You don't give up easy I'll give you that!

kwukduck you utter loser , loser really is the correct  word isn't it. You've been here since 2010 , all you had to do was buy and hold , but no, you fucked it all up didnt you , you lost 25 bitcoins on gox with 6000 usd , you laughed at the idea of 10 dollars a bitcoin , you really have to be a complete  an utter cretin to have fucked up this badly , you should be rich . Instead you're just a pathetic moron who missed his shot not once but time and time and time again.

if the price is really hit $800 then many traders will not be satisfying to see the price and they think they are getting loss for trading bitcoin pair usd. but if we make preparation about the bad thing that maybe happen, then i am sure that if the price is suddenly gets down too far, we are not panic and still calm and i think this is the important thing that we should do when we see the price is getting to down. i hope the chinese exchanges is not shut down like that and i am sure, chinese traders will be survive and they can pass the bad situations.

Does anyone know where this is going? :-[
First someone says 92,7% not going thru tomorrow but wait another 72 hours for the verdict of etf approval.
Bear market? I just checked the price 4 hours ago and it was above $1202. It is almost where we were just 184 hours ago.

yeah, such a hard crash. bitcoin is dead and all that. but i don't know why i am still seeing green and profit and lots of it despite your huge crash!

here is a picture ;D
https://i.imgur.com/S2MDClh.jpg


no another attempt of these (https://bitcointalk.org/index.php?topic=1403429.0)

If bitcoin ETF get declined today than we may see some correction because there may be some newbie traders who are holding speculating ETF will get approved and price will double within next few months. Personally i am watching how market will react with SEC news and i am not expecting ETF to get approved by SEC.

It still.does not feel like a bear market to me. It only dropped a 100$. It crashed worse before and yet we recover it quickly. I think it is just the etf speculators cashing out their profit that caused it to crash to the current price. But it is still not a bear market.

Time to abandon ship? Weekend always means a decrease. So nothing to stay around any longer i guess.

Wait for official news about ETF then you can abandon the ship. It is not just because weekend is approaching.

Traders are scared that ETF bad news will crash the price. I don't know why they think so, after all no one expected ETF to be accepted in the first place.

the level of bullshit coming out of this user is unbelievable and there seems to be no end to it :)

i wonder if he is just an idiot or if he is getting paid to say these things by another idiot who thinks it works !

Oh you're new here ? :)
Kwukky is our resident troll/idiot/shill/baby-bear/BS-artist/Butthurt-Early-Sellout/Shorter/Contrary-Indicator.

Just think/do the opposite to everything he says, and you're golden.  

Have a look over his post history - I dont think he has been right about *anything except by very occasional coincidence (you know the old stopped clock parable) in several years of his public mouth flushing.  

If hes recently been proven badly wrong (as often happens), he usually goes quiet, and a bunch of new 0-post sock puppet accounts mysteriously appear posting his usual cracked-record claims, until a 5% dip happens, upon which he will quickly swap back to his default identity and start a new round of crying doom.

I dont know why he even bothers anymore, unless he is a *very bored troll.  As I said a while back, people couldn't take him any *less seriously if he wore a red rubber nose and a squirting flower.  If he *is being paid to spout BS, whoever it is should ask him for a refund..  Practically everybody either ignores him or laughs at him.

So even with the disapproval Bitcoin still is currently around £1080 here, so is it still worth it to buy some BTC's now? Or to wait for a drop (who knows when)?

And is it worth investing in some other Altcoins?

*sorry am still a noob to this

It's hard to say. Clearly, OP is a total FUDster and was once again wrong. ETF disapproval has not caused a new bear market, at least there is no sign for it yet. I have thought about altcoins as well, but because what I've seen in the years before, I haven't dared to touch altcoins ever since. My idea would be to buy the next leg down, but only if it goes down considerably.

I have actually got some altcoins but only a few of each, no more than £400 worth altogether. Just wondering if I should get more really at this time.

Especially with todays economy and Brexit in mind.

And what do you mean by next leg down? What would be your advice?

Cheers.

legendary troll... look how he's all got your panties in a wad.

bwahahaha  :D

Bitcoin right now seems to be in a consolidation stage. You can buy or wait for marginal dips. If you plan to hold for the long term, I would suggest go ahead and buy. With the ETF decision out of the way, there seem to be no immediate downside triggers (except maybe a hard fork?)

I really do not know why you are so bearish about the bitcoin market. Maybe you're just the sort of person to be depressed in real life? Like man, you don't even have any proof or any graphs to back up what you are saying. Maybe you're shorting bitcoin yourself as a trader, rather unsuccessfully I'd say?

Well here's the thing: bitcoin hasn't gone down to $800 at all, in fact it never actually stayed under the sub-$1000 level for more than half a day. It is now back, stronger than ever, at a price level that has still exceeded the 2013 ATH.

Obviously there is a risk of it crashing down, i just don't think it is probable right now. Especially when we see that ETF decision virtually had no direct impact on the bitcoin price level.

I agree thanks for pointing out most of these bearish posters are just talkers and really don't analyze much and/or have proof it seems.

How does this guy keep posting? I would be ashamed after so many FUD predictions, this guy just keeps making fail after fail.

Now that we can look at the thread creation history, you can see a collection of failed predictions.

brexit and other things have nothing to do with altcoin price rises. they are simply getting pumped.
and yeah we have all gotten so many altcoins, some of them more than others because we are all looking for more bitcoin in our storages ;)

it may be a good idea to start thinking about exiting them though. the pumps are nearing the end and the dump will be hard. so be careful.

Not just am I seeing a rise in the price of Bitcoins alone, but we are also witnessing the spikes and shakes in the altcoin markets too, and experiencing some high voltage drama that's going on currently, and I don't see any bears to be happy currently as that dump was a wrong button press by some big guys, but they should know now that bitcoin has been spread to a whole new level that not just a single person can end this up with their false intentions.

Thanks for the advice, I have actually not thought about of how to exit these coins. So can you tell me how I go about this, is there like a site that I can use and I simply transfer them the coins and they will do a bank transfer to my bank, is that how it works?

Couldn't agree more, like everyone I also want more Bitcoins! But I am not doing financially well.... so only managed to get around £400 worth of Altcoins and no more than 1BTC :(

So I am asking all these questions is simply because I want to use my money effectively on buying these coins.

And you said that Brexit does not affect Bitcoins or altcoins, but in that case would it be a good idea to do some forex trading? *am a noob to this again and just try to find an opportunity to make some cash if possible

Yes like most people I am planning to hold it for long term as you can't really do much by holding it short term I think. I have only got a few hundred £ to spend anyway... but sure will get around 0.4BTC now.

Thanks for the advice.

Good god. Don't have a heart attack!