Bitcoin Forum

This is the end of the big hype/bubble. This nonsense drama will be over soon and the entire marketcap will move to crypto 3.0 coins.
For people delusional that Core coin will just recover as it did in the past, no it will not.
We are in a completely different situation now where we have so many alternatives that are vastly superior in every aspect to Core coin.
People will refuse to (re)invest in Core coin as it will be considered the original but failed project.
The seed which allowed us to develop a proper coin.

It's too bad Core coin is now controlled by the corporate banksters otherwise development could have continued and it could have grown into a huge success.

Ethereum and OmiseGo (OMG) is the future, both will be PoS and implement Plasma (1 million tx/second), maybe even KyberNetwork Decentralized Exchange... not this slow crapcoin with incredibly large fees programmed by incompetent developers.
 
Bitcoin has brought us a new idea, but we have better uses than crippled bitcoin for it.

Forget about all the other times I was wrong. This time... this time it's for sure.  :D

I cannot understand for what you have said as sure. Will it recover back in value or price will decline to lowest value. I expect bitcoin should recover with in a week of time. I have some money for personal commitment. If this runs like this badly I cannot able to manage the situation also. Exactly bitcoin price is started falling when the time 00.01 UTC. We need to identify the cause of this.

Look at the post history of kwukduck for the punchline.  ;)

Don't invest more than you can afford to lose, rule number 1.

I expect bitcoin at $2000 in November, because a lot of FUD is coming and the november fork fud hasn't even started yet and we see bitcoin dropping a thousand dollars.

If you remember July, two weeks before August 1, then expect something similar... but twice as big.

A broken clock is right twice a day, remember that! Personally, I think we have found an interim bottom in the $3700s and will form an inverse head-and-shoulder reversal later today. This could give us a very healthy daily close that says the correction is over.

But I am also keeping an open mind. I am very uncomfortable with how bullish sentiment remains. That makes me worry that the top really is in, and that retail investors are about to get dumped on for months.

Those that were around in 2013-2014 know: when the PBOC makes a move, pay attention. :-\

Do not worry about bitcoin. The price falls due to the fact that some people deliberately invented negative news, which very upset the newcomers. Panic sales began. It is necessary to use the moment and buy cheap coins

When kwuckduck posts doom is that time to buy?

Confirmed  ;D

For sure Bitcoin will start to recover now, and probably form another "bubble"  breaking its current ATH.  I always look at kwuckduck post as indicator on where Bitcoin price go.  This time as you said I am sure too :)  It seems FUD effect is weaken now.  I see Bitcoin price recovering back to $4k and with OP's post, now I am certain about my thought :)

Yeah just notice everytime  he posted the price of bitcoin was increasing so for those who seen this better to buy more bitcoin right now because there is possibility this is another signal for us ..
we know kwuckduck always posted worst or some bad news about bitcoin but reverse happening in bitcoin..
So i can say sooner or later the price can be increase back again or recovering bitcoin price back soon.. :D

This should just be the OP.

Yes, we went up 500% and there was a correction after huge news in China. What did you expect? A rocket to the moon!? That's unrealistic.

What do you think about the problems mentioned in the following article?
https://medium.com/@muneeb/the-road-ahead-for-ethereum-b5b090bcd1a

Some of the mentioned problems haven´t been solved by some of the brightest minds
in computer science in the last 30 years. What makes you think that Vitalik & the rest
of the Ethereum developers will be able to find a solution for these issues?

Furthermore, it is also debatable, whether Proof-of-Stake can actually
work in the long-term.

I'm pretty new in this forum but I know that kwukduck is only spreading fear. look at his post history and ignore him.

With bitcoin the price recovery is quite common and it happens in unexpected time. Importantly most of the people feel panic of price drop and focus on selling their long term holdings. This will be used as an opportunity by the people who believe in the upcoming price pumping and buy as much possible. The recent price pumping towards $5000 was termed to be a bubble, but that's not the real fact. The growth is all because of increasing adoption.

It was not, and that seems the fact that the price of bitcoin already decreased into the bottom, to hold the bitcoin take a lot of the risk in this time. The price already falled around 3590 which it can be determined as the real reason for this thread.

June all over again, just buy cheap coins. Eventually it will recover. Buy coins, forget about them for a month and come back to see the market recovered and your profits doubled.

Knukduck back again.Why i am not surprised? you always seem to find the right time to spread FUD again.This is nothing but panic sellers selling due to 'China banning bitcoin exchange'. FFS why not the rest of the world ban China? The soon china is out of the picture of bitcoin the better for bitcoin growth.Price will recover sooner then later and this is a very good time to buy cheap coins.You won't see these prices again 8)

The only alternative is Gold  http://www.bitgild.com/1kg-gold-bullion-heraeus-gold-bar-1000gr.html   Forget all the rest. Crypto 3.0 coins are just a mirage.  It is time to forget Crypto 3.0 coins  and Crypto 2.0 coins and Crypto 1.0 coins and finally return to Crypto 0.5 coins. That is Gold!

Two facts here:

1) There is no such thing as "Crypto 3.0 coins", whatever that means. Thereum, OmiseGO, IOTA and whatever else you want to mention are scams. Bitcoin reigns supreme.

2) Kwukduk is a troll that has been wrong a million times. Here's just a glimpse of this poster's past history:

"The crash continues, dead cat bounce."
https://bitcointalk.org/index.php?topic=918368.msg10086490#msg10086490

"Who bought this latest dead cat?"
https://bitcointalk.org/index.php?topic=953177.msg10434758#msg10434758

"return of the dead cat"
https://bitcointalk.org/index.php?topic=930100.msg10211279#msg10211279

"wow dead cat bounce. surprise!"
https://bitcointalk.org/index.php?topic=1233435.msg12844148#msg12844148

"SURPRISE! Dead cat bounce."
https://bitcointalk.org/index.php?topic=1048416.msg11281894#msg11281894

And it goes on and on for years.

Increasing speculation != Increasing adoption

Then I guess this proves Duck is not a clock. He has been predicting the imminent desth of bitcoin for years and has yet to be right once. Much less twice a day.

reminds me of something...

https://i.imgur.com/Amo1Gbk.jpg

Actually, the analogy seems good here. A broken clock is only accurate for 2 minutes every 24 hours (or once every 720 minutes). I'm guessing kwukduck hasn't made 720 price predictions in his time on Bitcointalk, so he might actually be more accurate than a broken clock. :P

Holding out some hope that the long term top hasn't been established. But this is very ugly. China ban + dumping right through the last flag/consolidation? That's brutal. Many new bagholders were just created. :-\

To sound Matrixy "There is no China Bitcoin ban"

As far as I know ...
- There are other Chinese exchanges still operating (Huobi and OKCoin).
- There has not been any official statement towards Bitcoin being banned.
- We have seen this before ... FUD FUD FUD

Bitcoin is not being banned; I don't think anyone was saying that. But cryptocurrency trading and bitcoin exchanges are, at least temporarily. This is pretty clear by now:

https://twitter.com/luluyilun/status/908271885883817984

https://twitter.com/YourBTCC/status/908285586368167936

So yes, exchanges are literally being shut down. Based on the NIFA statement, it's probably temporary, but nevertheless, the two stories above were enough to move the market in a major way. According to Charlie Lee, Okcoin and Huobi are set to meet with regulators within the day. There could be more bad news coming as a result.