Bitcoin Forum

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

Glad to have you back kwukduck, where have you been these days?

So bitcoin price growing is simply effect of delusional minds?

You are exactly right, 2013 bubble was caused by bot, Chinese speculators and high margin trading.

This time is totally different though, we have growing adoption, Japanese bitcoin acceptance is driving the market.
There is a high chance that Russia will accept Bitcoin in 2018 too.

You're pathetic.  All you ever do is try and tell everyone that Bitcoin is terrible.  I just went through your post history and saw some of your posts from around 2015 telling everyone that $200 or so is the highest price they'll ever get for it and they need to get out before they lose their life savings.

You were here in January as well claiming that it'll drop to $300-500.  Every time you're wrong and as soon as you get it right because of the normal fluctuation in the market, you'll be riding that one correct prediction for months knowing perfectly well that your inane FUD will never contribute anything.

I would guess that we are in a bubble, but it also depends on whether new investors are jumping in. If a bunch of new people are putting money into bitcoins, then the drop may not be that big.

The 2013 pump isn't comparable to today's prices.  The price has been (nearly) consistently over $1000 since around the end of 2016, whereas in 2013 it was a sudden rise and drop.  You claimed that it was going to drop very soon a while ago, and a while before that, and a while before that.

Actually, if you look at the Bitcoin Volatility Index (https://www.buybitcoinworldwide.com/volatility-index/), you'll realise that the price has become more and more stable as time goes on and volatility has been at one of its lowest levels ever recently.

I really don't get why you're still on the forum.  It seems to me like all you've posted is FUD for years.

Of course the intense growth of the last weeks is extreme, because it was spread all over the crypto currencies.
But I do not think that is was only caused by major investors who pull back all together in a sudden.
I think a lot of small investors entered the crypto world, and I don't believe they withdraw their investment as easy as the professionals.
So to me some kind of correction can be expected, but a massive strike, I doubt that.

you know bitcoin is doing well when even kwuckduck is saying it will be worth $ 1000...   :D

What if it doesn't? This kinds of post has always been showing up on the forum for years! Most of them are incorrect, you all just want fame for what you are doing. This is just some kind of prophecy you want to put out there and just throwing a shot in the dark hoping it would hit the target. What happened to the people that said bitcoins will crash back to $300 when the prices blow up to $600?

I hope he is warning people against the Fiat system too, because it fails on average every 10 years or so... If it is not the property bubble then it

is fractional reserve banking, but it auto corrects it self every 10 years.  ;D .... Predicting a price drop in any commodity or even a currency is a

natural occurrence... What he neglected to say is... Bitcoin has always bounced back... if you waited long enough... you would have never lost a

single cent.  ;) ... That guy who bought at $1200 { more or less where it took a dive last time} .... would now have made a profit of $400 to

$500.  ;D ;D ;D

The fiat banking system makes no sense, and essentially requires exponential growth.  As soon as people are out of debt, the whole system will collapse (https://www.youtube.com/watch?v=2nBPN-MKefA).

In Bitcoin, at least you know that if there's a crash it's just people taking their money out of the currency, not people trying to keep their money in the currency.

So what do you think this bubble is cause,by Japanese bots  :P the volume is not at all the same like 2013 and it is not that easy to manipulate the price of bitcoin just like they can in the past.The current volume is simply because there are more investors in bitcoin and so is the reason you wont see a dump like we used to see in the past,if you have any other idea do share,i do expect a correction after a rally but it wont get dumped like you think it will be.

LOL, good one. Nagadota. He's sore he missed out.

It is always a good indicator to me that bitcoin will still do great when FUD are starting to pop up. It is either they want the price to fall so they can buy in cheap or they are losing too much on their short. I do not know about kwukduck though, his always been like this ever since I joined in bitcointalk.

You're right. There is a bubble that's going to pop at some point. But it's not Bitcoin. It's the current altcoin bubble. And when that happens - it will send Bitcoin soaring north of $2000.

You are warned.

The problem with your logic is that your assertions are based on the premise that bitcoin is actually not worth anything. Then you go on to predict a valuation of $1000.  ??? Huh?

Oh, and you have said it is about to go belly up for years and have been proven wrong every single time.
Anyway, welcome back.

buy back when 200 dollars, ok

If these FUD creators could convince a big time whale then you could see a real drop in price if they are to dump all the coins ,so these sort of made up news and FUD always made the market move in either directions but i think things have changed a lot from that situation with more investors coming into bitcoin.

Yes i'm full of bs... let's look at the facts since most of you DO agree that the 2013 spike was not due to the actual market.

https://i.imgur.com/cr9NNWT.jpg

For the dummies we forget about gox and draw a red line of an estimate of what the real market would have been doing... I think we can all agree it's going as parabolic as it can right now and we all know that ends in blood and tears sooner than you think.

Kwuckduck must have been burned a lot of times, right?

Switch to Logarithmic chart.


 https://i.imgur.com/WW9OOz8.png

Kwuckduck is always wrong.

Not only the volatility changed, but the rough number of trade sites and people involved increased. Not so easy if this is adoption or the early phase of adoption still.
People count on forums is still low. You can observe right here when pees pronounce a kwuckduck-index which seems to be defined by the inverse of forecasts done from this source.

I wasn't around back in 2013 but I'm sure back then hashrate wasn't even near the current hashrate.
So if you think you can mine Bitcoin with the cost less than $800-$1000 then we'll go down there as you suggest, otherwise it will not happen. next correction is $1250-$1400 as it should've been in last 10 days.

oh my god, the bubble popped. the sound is deafening. price dropped from $1540 down to a very low price of $1675.
bitcoin is dead now. ;D


why even bother giving him a serious answer!
according to the duck there has been a bubble as far as i was a member of bitcointalk. even when price was $220 he said it is a bubble and will pop, dropping down to $1 then at $450 it was a bubble that was supposed to pop, dropping down to $100 and so on, until today.

when btc is 10k this piece of shit will be on here posting that it is going to "crash" to only 9k

Hey, cut the Kwuk some slack. Put yourself in his shoes.

If you'd sold an early adopter's entire stash for $10 per coin, you'd be bitter and disillusioned too.

I think he needs a hug.

http://i664.photobucket.com/albums/vv10/JimboToronto/LambDuck.jpg

Ah, that explains a lot. So every time there are a huge price spike, it reminds him of his bad decisions he made and then he starts talking shit in an attempt to push down the price for him to feel better about it. Kwuk we feel sorry for you bud, but you are getting old with this story now. When I see posts from you, I know Bitcoin is doing well. ^smile^

I think we should create a Kwuk fund, like they did for Dorian Nakamoto, to refund you for the emotional and financial losses you have suffered from the bad decisions you made. ^sad^

I want to predict that the sun will come up tomorrow, so be warned. ^smile^

^^^ This.

Simple arithmetics.

Lol, Your post actually made me laugh.. I went through some of your post history, As the other users mentioned you are here to spread FUD. I do believe the price is a bit high but this is not a bubble, Japan accepting bitcoin is a big deal. If one or 2 more countries join the list we may see $2000+ Exchange rate. I think you are one of those guys who lost a fortune investing at a wrong time and now want everyone else to fail/lose too. Everyone here is smart enough, They don't need advice from strangers on the internet who have a history of spreading Fake news.

Loving the idea that a crash to $800 BTC would be the death of Bitcoin, remind me the price again last December?

I was seriously worried after reading the thread but then i saw the username "kwukduck" and i was relieved  :P

100% agree with you kwukduck. The bubble is about to pop and the greedy people are going to be very upset.

We're talking about the massive altcoin bubble right!?!?!?

Well according to me the bubble will pop,but it will not happen the price of bitcoins so much,well the price of bitcoins is growing due to the adoptation of bitcoins in the japan.Well just imagine if there is adoptation of bitcoins in the Usa ,the price hike will be huge and it will create the rise in an exponential level.

I feel like nobody takes Kwuckduck seriously anymore (the world's best predictions) and we just come to these threads to laugh about them. Maybe one day we'll come back to this and have a nice chuckle as price reaches more ATHs. Only bubble about to pop is the alt bubble.

The thing Duck is right about is that there have been, are, and will always be bubbles. That is what free markets do. However it is not an ominous sign. Bitcoin continues to not only grow, but grow exponentially. These are good times.

Why OP is back after so many failed predictions? You can only keep repeating something that never happens up to a point, because the repetitive narrative starts becoming a joke. Let's have a luck at Kwukduck historic predictions on how bitcoin is about to crash:


http://image.ibb.co/cnAVGQ/kwuktard.png

It's astonishing how the Kwuckduck Reverse Indicator never fails to deliver. He's like one of those bloviating sports analysts who always, always picks the wrong team to win. All's one has to do in order to make money at sports betting is to fade their picks. Seems to be the same case here with the kwuck.

In 2013 everyone invested only as traders but now there are a lot of business and merchants supporting bitcoin even a state (Japan) came to support bitcoin a large part of community is using it as currency for their needs so this time the crash will not occur like in 2013 occurred. This time the price is in real rise and will rise continuously.

The Japanese today have special views on the crypto currency and even their government is taking certain steps in this area.

@kwukduck

You're very entertaining, am sure you would have a successful career as a comedian  :D

Kwukduck, I remember you were speculating about a massive crash even when the price was sitting below the $500 mark ~ look where we stand right now.

I think as long as you keep preaching your regular dose of negativity, we'll keep seeing the price go up more and more. Seriously, I will start worrying as soon as you turn into a bull.

Indications of kwukduck ~

Negativity means keep hodling.

Positivity means sell ASAP!!

If I had listened to you I wouldn't be Big $ ahead right now.

My question is what your motivation is in spewing the FUD you have over the last few years.

If your motivations are genuine, and I am starting to doubt it, then you are the worst financial adviser there has ever been, and you are an idiot. 
If you really are acting in what you think is our best interest by giving your horrible advice, then please stop, because you aren't.

ftfy

Is this kwukduck's socket puppet talking here?  ::) ... Stop stating the obvious.. please. No commodity increase in value forever, there are always

some event {political or otherwise} that affects the price. { Even gold and silver take a dive now and again for some reason } Bitcoin has shown

several small spikes and dips over it's lifetime, but it always seems to return to a base price where it started from or even a bit higher than

where it was previously.  8)

this rise is the real deal, no bubble popping for sure, maybe a dip

If the increase in due to trading, it will definitely go up and down- where is the trade when there is no up and down? Traders will need to let go at one point for profit and buying low to start the next round.

However, as bitcoin value is genuinely increasing due to real value, traders will move to alt-coin, as there are more up-and-down.

Unlike you, with my post, I read yours in entirety and agree with it. Maybe you should read mine over again. I bolded the important part so I'm not sure how you missed it.

A crash to $1000 isn't bad at all. If people had listened to your earlier advice, they would have sold at $600 itself.
No reason for people to listen to your advice then, no reason for people to listen to your advice now.

we will soon see a correction where price comes down and then the duck is going to come here and say "i told you so" thinking everyone who has ever invested in bitcoin no longer knows what a bubble burst and a correction look like!

Yes there are people who just making rumors around either they don’t want the others to get benefit from the bitcoin or want the users of the bitcoins to switch to something else don’t really know what the ambitions are but the intentions are not good because a kid can guess it that after the Japan accepting BTC will make its price go high.

In my view it is not a bubble, bitcoin is getting appreciated with reasons.

Love people who make empty speculations. You are literally just saying that the price will drop with no sort of evidence to support this claim. Like wtf.

 Yea  no evidence at all....
There's no parabole... there's no fork... keep the delusion going... you'll run out of money soon enough like this.

Warning: kwukduck about to QUACK.

Thank you for the continued humor.

Well I believe this is still the early phase of adoption. There is still a lot to do when at least 15 countries will officially declare the bitcoin as the legal medium of payment then the adoption will be started and at that time more people will get aware of the bitcoin. We still have people who don’t know what a bitcoin is and how it works.

But higher prices like these will definitely boost adoption rate of bitcoins and hopefully it is already happening everywhere.

I don't think we will ever see a country officially declare bitcoin as the legal medium of payment in the near term. Bitcoin can become the de facto currency of netizens, if not the de jure currency of some country. The price will still increase if adoption is widespread.

Yup this is what actually known as realization. The Japanese nation have realized the importance of the bitcoin to its country economy and the role it can play in transforming the life of their people into better. Therefore, they have decided to adopt bitcoins and both the people and government are interested in welfare of each other.

Even this time bitcoin prices finds a down fall as OP speculated, people will not get panic as bitcoin has proved itself for higher prices in long term. Investors will definitely hold only traders may short quickly to prevent more losses, but I am sure many traders will be ready to turn investors in those times.

Even with no fork, bitcoin network upgrade price is soaring against the current. We may run out of money because we will buy BTC with all are fiat.
I read your "warning threads" every time you post them, yet I never seen any of your predictions to come true.

Tell me, do you even own any BTC, or you are angry because you sell all of them, long time ago when Bitcoin crashed to $250 in early 2015? ;)

Oh look at that nice balloon deflating... who could have expected that?

It was just people cashing out profits, and rightfully so. But of course, you expected the price to sink further than that, right? You've been preaching about a popping bubble since we touched the $1000 level, can you officially confirm that you have been wrong? Say it -> I admit that I was wrong.

kwukduuuuuuuuuuuuck
YEAAAAAAAAAAAH

That was so long since last time I saw you here!
Ok it's confirmed, we're not in a bubble, go buy guys =D

Hmm… I think no one should take Kwuckduck serious because he is throwing things totally out of nowhere. I guess he is quite a good entertainer of the forum that makes the member laugh at what he says. How come someone can deny that Japans acceptance of the Bitcoin and say that it is a bubble. It is a very bad joke by the way.

The price is over $150 over when you made this thread.  Of course you wait for a tiny little correction which happens all the time in anything that's appreciating in value, then try to pass it off as a crash, because you can only ever focus on the negatives.  It's too late and maybe you should look at the many times you've been wrong recently before now.  Get humble.

What a difference a bubble or not? The main thing that it brought in an income. If you look into the distance, then I would not have risked, and now this "bubble" can bring very bad income.

yeah, come on duck. That is like saying you can predict the weather because you once said "It is going to rain someday".
 ::)

Most people don't take him serious. However, noobs mostly tend to value everything coming from him as legendary member. They mostly tie knowledge to a high member status, but that's obviously not how things are in reality. That's the only reason he's continuing this nonsense. Also, he is just playing a game -- behind his bearish appearance a massive bull is hiding....

As if the price going down really gives you any credibility. Markets move...they go up and down...not surprising.

That's like saying the sun will rise then set tomorrow. Whooptie dooo....

Congratulations you deserve a cookie.

Hahaha lol look whose back the same old kwukduck. The price really did go down today but it wouldn't be that big IMO. There's no use in debating with him because he spreads the same old fud he used to spread which newbies believe in most of the time so he does it. Just let him be its up to the readers though to believe him or not to believe. For now I will watch price movements.

I think the craze is definitely getting in people's heads a bit and although I don't necessarily agree with everything that you have said on this forum I do think that you are right this time and the bitcoin price is saying it all.

People are basically hoping that there is someone out there that will be more hyped than they are. But eventually money runs out, whales have to take their profit and run... And all these people who invested and kept saying hold hold hold gets their asses whooped.

I'm not saying that bitcoin isn't going up in the long term, I do think that bitcoin is going up 100% in the long term, but right now this resembles too much of a bubble to be sustainable. If you think it's going to go up, at least diversify some of your savings into other assets, justto be on the safe side.

You guys all keep ignoring the elephant in the room that caused this hype in the first place and will also cause the crash....

The hard fork. BU is gaining support daily nearing 50% while SW support is diminishing.
When it actually hits 50% in a week or so shit will hit the fan. Every single whale will dump all he has and the average Joe will follow selling at great losses.

We must understand the fact that bitcoin is not only having capital of the users alone. There are some institutional investors staked their part of the investment in bitcoin and they have nothing to do with the payment technology, all they want is profits. They will book profits if the price is reaching anywhere near to their expectations so yes the price will fall but at the same time, there are many traders who placed orders on lower levels so the fall won't be much imo. Being a volatile currency, we should expect such things at least for next few years.

BU and SegWit support are both by small amounts of pools.  SegWit support can't just meld into BU support because it's only 3 big pools.  You also thought it was going to happen very soon last month, and support then was only 2% less than now.  Also, it has to consistently stay over 50% for a long time in reality.

LOL. BU support is the same as before and nothing has changed about it for months. and the nodes keep crashing, the number of massive crashes is at 5 right now.
at this rate the number of nodes continue to fall and nobody is trusting the buggy proposal anymore.

i can even say miners are not supporting BU, they are just signalling it to disagree with Segwit.

BU support is indeed fake. If the pools that signal support for BU wants it to get activated (with a chain split as result), they have the power to do so by allocating enough hashpower to BU. But that's obviously not the case. Pools that aren't somewhat tied to WU and Ver, know that BU is pure trash. It's not even worth supporting, but as you also mentioned, they just signal BU support to not let Segwit activate because they don't see value in it. It's a nasty practice nonetheless.

Nah
Or at least not me
Please dump all as hard as you can!
So I can buy a few coins under 1000$
That would be really sweet of you thankss <3

This type of logic/thinking ^ is very similar to trying to equate and rationalize 9/11 and the war on Terror because of "Osama Bin Laden".

 :D

Did you believe that narrative?

Looks like Kwukduck was wrong, once again.  The "balloon deflating" was a slight bear trap and the price is now back up to around $1800 where it was before.

Bitcoin's price fluctuations often work in pump and dumps of increasing sizes.  Three have already happened and after each there was a significant bear market.  Based on the changing sizes of those pumps, a pump and dump would currently require the price to rise to several thousand, and this isn't a pump.  We get the same idea looking at fundamental causes of the price.

It's common since the day I started using cryptocurrency. Bubble about to pop? Nah. That warning I think is to aware of the people for their investment in cryptocurrency/bitcoin. For them to alarmed if there investment is successful or not. But don't mind wasting your time thinking about it. Just buy more bitcoin as much as you can and earn it in the end.  ;)

The sentiment of people on this forum and other places where people speculate about prices are great for trading.

Majority of people say Bitcoin is dying with no evidence?  Time to buy.

Majority of people say Bitcoin is going to the moon with no evidence?  Time to sell.

If there isn't a clear winner you just look at which ones are the most ridiculous, like this one.

I like your logic. But I did modify one thing. If you spend it on something you were going to buy anyway, you will not only save fees but strengthen the bitcoin economy. So if you can, consider spending.

Good point.  Unfortunately, a lot of the merchants who accept Bitcoin are going to sell it straight afterwards for the stability, but it's still better to spend as it makes it appealing for more merchants to start accepting it.

why do you even care what merchants do with what they receive :)
i read somewhere that according to bitpay many of them receive bitcoin from their service not the fiat value. of course bitpay provides receiving fiat and many of them do.
and by the way, coins that are sold have no effect on the market price.

it would seem that your warning isn't very creditable. thanks for the effort to try and warn of incoming doom, but the apocalypse ain't here yet hobo so go back to sleep in your dumpster. hint... just because bitcoin price/value goes up... doesn't mean its gonna go right back down. quite being willfully ignorant and trying to spread panic. its not your place and it wont end up making you any friends... or giving you a life.
things that influence bitcoin value negatively include dumping, media negativity, and governments/ organizations/ companies trying to bend bitcoin to there own will. positive affects on bitcoin include more new bitcoin users, media positive hype, and a wider base of acceptance.