Bitcoin Forum

Like they say, the party gotta end, sooner or later. Has it started already? Panic in the disco?

Or do you think there is still lots of room for corrections.

No correction, it's the start of the bubble popping... it was obvious it will happen sooner or later

https://blogs-images.forbes.com/mikepatton/files/2014/01/Four-Phases-of-a-Bubble-Graph.jpg?width=960

Basically this happened in 13 and it will happen again, after it bursts usually the trend is downward as interest is lost.

Scary indeed! Would be interesting to see what the bottom would be this time.

Some use terms bubble even not knowing what is, just another buzz word in crypto, that literally means downtrend and has nothing to do with real bubble.

What exactly are you refereing to? Elaborate a little?

FUD

for some coins like bitcoin it will be just correction on the way up. But many shitcoins will be chased to death by this bear. be careful what you are buying
 ;D
https://s9.postimg.org/ae2j0rkf3/bearrun.jpg

It's always the same scenario . Green will be everywhere soon . Those who will win. Good luck .

We were at $105B just 48hours ago, weve dropped down by over 15% to $90B already, and i think we will go ever further to around $75-80B mark.

If we go any lower than that then i will be concerned but for now this is just a minor swing in the grand scheme of things

Looking at charts of many top 10 coins, they all look to have short-term bottomed for now.
The coming bounce and how good it will tell if the correction is over or more down to come.
Holding all positions.

Almost all my holdings have switched to green today and are on the rise.

Crypto is the future, you can't stop the future.

Everytime we are in a drawback we see this stupid shitchart.
When will the noobs realize cryptocurrencies are not tulips.

Seeing the current trend, how low do you guys think the total marketcap of cryptocurrencies on the whole hit? Correction is natural right? Or am I wrong?

I don't think it will be like in what happened in 2013, it will be like that which no one can predict.

I don't predict a huge bear run for now. It would be normal after all these bull market. Even if the prices go down a lot, I strongly believe that we'll undergo a much stronger bull market after all.

In 2013 there was no business behind bitcoin and altcoins. 2013 was a pure FOMO hype - and for sure it was a bubble - and when it popped it went down crazy.

Today is different. Altcoins and Bitcoin have a working economy and they are used in places at the world where fiat is failing.

Absolutely none of these altcoins are used anywhere.  At all.

A select few of them have some vague interest from a couple of companies, but none have actually achieved anywhere significant.

And Bitcoin's merchant adoption in no way justifies its price.

Volume is dropping, technical indicators look bad.  I see this as a natural movement in the hype cycle.  Soon enough we'll find out again what the price should have been if it weren't for these crazy bull runs.

dont count on it, bears may be getting tired for now  :)

https://s3.postimg.org/jt8ku2z6b/lazy-bear.jpg

Winter is the next thing will come in the north side of sphere :) but there is more summer for now.

Agree with you, absolutely. But it is still better than in 2013 (there the gains were much higher in % and there was absolutely no business behind bitcoin – only in darknet).
But: Bitcoin has a huge usecase at the moment. Bitcoin is used massive in countries with high inflation (the volatility in bitcoin is acceptable there, because of the hyperinflation…)

I don't believe this. When prices go down, I'll be 1 happy crypto shopper buying coins on sale. Goods coins will eventually rise after BTC settles down.

Summer is just getting started my friends.  This thread will likely be relevant in ~2 months

Cryptos usually stagnate or drop at summer and start to rise again before winter, why would this year be any different?

I know your statement can be true but i hope you are wrong. I think this is different than 2013. The main difference is the money entry to the markets. I don't agree with you at the point of "bubble". If this is a bubble it is obvious that it will explode. But i think this is the regular rise of the prices.
More people is awareness about cryptomarkets and cryptocurrencies, more people can understand the profit and more money is entering.

Btc has usecase. Its not payment: it is gold

Many altcoins need to go faster in dev and adoption to aboid big crash.