Bitcoin Forum

Is the bubble bursting?
If you look at the btc charts it looks like a huge bubble that is bursting right now.

i dont think bubble bursting.why you are thinking??bitcoin is in correction mode and its not bubble.

The Tether FUD is very strong as we can see, and it's having an impact on the price. Even if we crossed the $10,000 psychological barrier, it refuses to dip further tho. Analysists such as Tone Vays claimed that if we got below the $10,000 price we would crash to $7,500 and then start rebounding, but he has been wrong a lot of times, and it wouldn't be the first time we see a double bottom with a price recovery in Bitcoin so I wouldn't be too sure to simply short it to $7,500.. just hodl.

take some soap, but it in some water, make a ring with your fingers, and blow jently. That creates a bubble. now poke it with your finger. That's what a bubble bursting looks like. markets included.

$1 to $1000 in 8 years in NOT A BUBBLE ??   >:(

We’re below $10k right now.

Bitcoin has fallen in price, as it has problems with slowness and transaction hanging and the high cost of commission fees. Therefore, he decently lost in his popularity, investors do not want to invest more in him. On the other hand, so far with such a cost of ten thousand dollars can not be said that bitcoin has become a big bubble and this bubble is already bursting right. This is fiction. Bitcoin is able to swell in its bubble and up to one hundred thousand dollars and it is unlikely to burst. And at a price of ten thousand, neither about a bubble is out of the question.

I disagree. Bitcoin is not a bubble and it's not bursting.
Price movements are part of volatility process and currently some price corrections are active and don't look at this only short term or comparing the values only in the past one year, you will not get relevant conclusion.

Don't think we can be certain of this just yet because we have seen 50% retrace plenty of times over the last couple of years. I will concede though if bitcoin falls below 10k and stays there for a week then we are in some mighty hot water :-\.

Yes. The ALTCOIN bubble is bursting !
which means when the market picks up, money will flow into BITCOIN

You gotta stay relaxed.

https://cdn-images-1.medium.com/max/800/1*avn3Ynh0JcFRAMMDrG0FEg.png

At $18/ounce, money is going to Silver   ;)

it's at $10,019 right now in Bistamp prices. It just keeps going up and down on that $10,000 line:


The market is still undecided, it doesn't know if this should be the bottom and therefore the recovery, or just the beginning of the download to lower resistance lances.

And before I posted this, It went to $9999, and now at $10,000.43...

https://cdn.pbrd.co/images/H5vv9wp.png

We will keep flirting on this line until it's decided. Anything can happen. Just because it was crossed, doesn't mean the dips is guaranteed.

This month I got $20 from online surveys.  Bitcoin $10,000 is a giant bubble.  >:(

I use the Bitcoin price ticker widget from coindesk simply because it’s always there and easy. It has today's low at $9,627.89. That’s a 29% drop for in January and a 50% drop since December. I don’t know what people think popping a bubble is but I don’t think it means dropping to zero, 50% is good enough.

This is a normal cycle for bitcoin. It isn’t bad that it pops, goes down, crashes or whatever you want to call it because it never goes down to the level it was at before the run up happened. If it was at $10 and goes to $100 when it pops it will fall to $40 or $50. If it was $50 goes to $1,000, when it pops it will return to $500. People should look forward to the pop and do their best to buy the bottom.

It's just a correction, still up a few times since November (whole crypto market cap (https://coincodex.com/)) :)

Someone I do agree with.
It looks like a fall but the truth is it really should be there at the first place.
The pump made them think this should be the price for bitcoin now. (20k dollars)
Which is not.
That is way too fast for one market to grow and it is really questionable. I am not happy it dipped but one thing is for sure. This is the price and it is just fluctuating now.
And just like he said, I dont see it also falling at 50 percent after it went back to where it was before.

Because of bitcoin's unpredictable change in price, we should always be prepared for what may happen. For the past months the price of bitcoin did not go very high but go down bit by bit but I think this is still just natural to happen in cryptocurrency world.

interestingly unfolded events. I do not think that bitcoin will burst now, there are too many stakeholders in it. If you now bought in the negative, then just wait and do not worry.

I don't think the bubble is bursting atm , if you look at the charts of eth you see it performing way better over the pas 20 days.
Maybe people are finally realizing that there are much better options then bitcoin to choose from.

Not the case anymore. Fees have fallen through the roof, you can get into the next block with less than 5 bucks now. The fall in price is tied with the tether fud mostly. Sad to see the markets so affected by something relatively meaningless. The news about the subpoena is 2 months old, if I'm not mistaken.

Today's FUD is fed by the latest news of exchanges being hacked or robbed, old rumours about tether being spread once more and some merchants ending bitcoin as payment. All this comes at the same time with a purpose: bringing bitcoin down.

And don't you think that lies or rumours repeated many times over and over again will have a negative effect on bitcoin?
People are not sure anymore about future when all they hear all the time is news that 'bubble is about to burst'.
I've been around with Bitcoin for many years now - but I seriously think of selling my coins and stop worrying about it once and for all.

Bitcoin is not in a crash. It always goes into a correction and corrects higher. History has proven itself over and over since Bitcoin came out in 2010. Within 8 years, it went from less than one cent to to around $20k. Also, people were saying Bitcoin was a scam ever since it came on the scene, but it's still here and growing.

I've been following Bitcoin for a few years now and this happens pretty regularly every 3-6 months. Some seemingly catastrophic news that makes a lot of people predict this is the demise of Bitcoin but every time so far it rebounds and then usually reaches a new all time high.

This bubble has been bursting since the last couple of years. They even says that bitcoin is already dead. But guess what, bitcoin is still alive and will remain, unlike those dotcom bubbles that really didn't recover AFAIK. This is just another test that bitcoin will overcome. We have seen this kind of bearish market every year and always rebounded the following month.

There's this FUD about the US regulators subpoena Bitfinex and Tether. When everything settles down, I'm sure that bitcoin will recovered and another positive reversal is in the horizon.

Diagrams do not mean anything. Bitcoin, with its current cost of $ 10,000, is not a financial bubble, and therefore it can not burst. The bitcoin can inflate in its bubble and up to one hundred thousand dollars and will not burst at the same time, since it has a large margin of safety.

Even though bitcoin become a bubble and then burst doesn't mean that would be the end.  It is definetely  NO! We should not be worry for this, bitcoin still be alive together with altcoins. Bitcoin bringing crypto world into becoming popular worldwide and when it is still alive, bitcoin will still be in their position, it matters only their price.

It is not a bubble it is a correction this is normal when the price shoots up 2000% in a year

No the bubble is not bursting since there is no bubble. We had something like that last week and what happened ? We bounced back to 12 000 dollars !

Dude, the internet is huge now,  of course the .com bubble recovered but countless people lost massive amounts of money.  Just because people have been wrong in the past doesn't mean it's not a bubble.  Who knows but it has all the usual characteristics and warning signs associated with being a bubble.

Corrected from $20,000 to $10,000 considered as bubble get bursting, even though it just a half.
a half? For big investors, it's ridiculous as they have lost 50% of their investment in 1-2 months.
Most people who entered the market when bitcoin reach the ATH feels the same thing. If bitcoin price suddenly increases significantly within a few days (again) surely it will fall faster than the rise.

This is not a bubble bursting...

Bubble, bubble, bubble....... Okay come on the bubble has bursted, so what? Many are keep on describing bitcoin as a bubble and if you think that it has bursted then its a good time to buy right? But one thing, stock market is a bubble, fiat is a bubble and everything is a bubble, what will be the next bubble huh?

It keeps falling right now its 9500, look at the charts zoomed out.

Please don't spread false information among biggest bitcoin forum members. When you zoom out the charts you see the whole picture with checking the view out of box. So the zoomed out version is not main source of this conclusion but you are right on some points. 9500$ is not support level for long term.

I have one advice for such alarmists. Sell your few thousand Satoshi and don't spam the forum panic posts. Now bitcoin will be cleared from random people and the price will go up. Like OP will start to pollute the forum with posts about how good bitcoin and how to earn it.

this is cross fire from media and institutions to try to stop the revolution of cryptocurrencies (not only bitcoin), it is getting fiercer because they now understand that the world is going to change and they struggle to not beign wiped out
i think the financial world will be very very different then today in the next decade, lot of banks will be hitted hard because of the mix between low/negative interest and luck of trust from individuals

One can term it as a bubble burst, I would also say its similar to it. But bubble bursting would be like completely going to minimal value. That is hard, still hard to happen for now. Terming it as a crash would be far better and the right one. People is basically commenting and kind off creating fear which is creating the deadly fall.

Technically, a bubble bursting is the bubble blows up completely and becomes totally useless. Cryptos have only deflated temporarily. Just wait and see, once Chinese New Year is over, this "bubble" is going to balloon to the moon!

Next week we'll know if bitfinex and tether survived the US Commodity Futures Trading Commission hearing and if we'll see 'the mother of all bubbles' bursting.

Right,  people keep on creating threads that talks about bitcoin getting low and threads with speculations that bitcoin will be on a dump again.  It ain't helpul right? They should stop doing that because threads like that keep on being repeated.  Besides from not being helpful it is also annoying already,  I doubt if people need to open their forum accounts just to know the current status of bitcoin.  Seriously,  they could just open their wallets and be updated already.

Lol i noticed that too. Though in a way there's some point to behaving like that, probably because these people bought in close to ath. There's nothing certain at this point. It could hit below 5k or bounce back. The thing is if you don't believe in btc, then sell all your sats instead of sowing panic.

Unfortunately, some people seem to get some sort of satisfaction by spreading FUD and negative news. It's like they feed off all the negativity. Either that or they are jealous of the people who have the courage to take a risk and that make a profit. Also, could be banksters who want to scare people away from cryptos and keep people imprisoned in the current fiat system where they have all the control and profit.

If there is any bursting of the crypto bubble or at least a bit of the air getting out, it will normalize and reduce the speculative craze, and hopefully result in more diligence on the parts of investors and regulators. Hopefully, an increase in scrutiny will not only reduce scams and frauds, but also allow actually viable, valuable technologies to succeed.

They are not yet satisfied. Visit the Wolf gang's facebook page, I mean the Wolf of wall street and see his video created last February 7 as he "exposed" bitcoin is a bubble. This cunt has been the successor of Jamie Dimon.
Looking at their smile makes me want to stop them whenever I see them in person.
They are not jealous, they don't care if others will earn. What is important to them is they had spread FUD and they are happy about it so they can buy at dip.
They are associated though.