Bitcoin Forum

Guys I have to say something very sad for all of us: BITCOIN IS A BUBBLE. Look at that parabolic movement to an ATH of $16!!! crashed to $7. Bitcoin is a false promise. Only a pump and dump. Stay away and protect your investments.

https://i.imgur.com/d39AFaP.png

Ok guys, it seems that NOW bitcoin is in a bubble. Just look at that parabolic movement to $260 crashing to a wick of $60. There's NO WAY this will recover. Please get out of this pyramid scheme.

https://i.imgur.com/emPxB79.png

GUYS...PURE market manipulation going on here. (it was tho https://www.theguardian.com/technology/2014/may/29/bitcoin-bots-bought-millions-in-the-last-days-of-mt-gox)
GET OUT NOW! $1,000 is definitely the exit price of these manipulators! Sell! This is insane. If you sell at $400 at least you covered because this scam is going to 0.

https://i.imgur.com/Nz0N9LE.png

Guys, $19,000 per bitcoin! Institutional investors are exiting the market by opening the futures markets just as they did before the tulip mania crash https://www.cnbc.com/2017/11/02/bitcoin-futures-mirror-1637-tulip-bubble-crash-ubs.html
That's it, doesn't matter if you want to believe me. This bubble is ripe to burst and you will be lucky to exit at $10,000

https://i.imgur.com/qPSJIzq.png

Ok enough FUD. That's all it is when these cycles complete. When prices go up, the media overly hype the news to (specially now that there's so much public interest in the cryptomarkets) FOMO. When the price corrects after massive legs such as the previous ones, the media starts FUDING. (Don't sell the FUD)

The markets are manipulated, that's totally undeniable. But don't let that make you think bitcoin will get to 0 or to the cheaper levels you could've grabbed it in previous years, because that won't happen. The race is on, last year the fiat markets completely detached from the cryptomarkets in a way that it's not as easy that little fiat can produce high yield in crypto as previous years. The real pump is still due because we have a market that's barely valued at half trillion dollars, and for it's nature, could easily be at 10 trillion or more with more adoption, regulation and worldwide implementations. (Don't buy my FOMO either). But that will take many scams out of the picture and many alts NEED to die. They are simply piggyback riding BTC and when the music stops playing for them, it won't be good, it will be great for the overall health of the cryptomarkets.

I can't tell you $10,000 is the most solid support (even tho it's really strong psychologically and technically speaking), this is bouncing from 10,000 but might as well in the mid term reach 6,000 or just keep going up. There will be lots of trickeries in the price action to fool you in buying and selling (as is typical) but don't be fed FUD like what this post was satirising in the beginning. Do your research, learn, educate yourself and be happy.

Well, I don't know what else to say so good night! :)

in my opinion, the true value of Bitcoin is difficult to determine for two reasons. This currency is very unstable, and trading practices can manipulate behavior in unregulated exchanges.
At this point, the regulator warns consumers that cryptocurrency are highly speculative, and harmful investments.
however, argue that comparing the cryptocurrency market to the mainstream financial markets I think is unfair

Yes, nobody knows the real price of Bitcoin. It can cost nothing or it can cost 50 thousand — all this depends only on the  demand and belief of people into it.

Dont you think that this is merely because of the false media representation who shows that bitcoin is just bubble. I have seen that mostly big superstars of the world who earned huge money after hard work are the one who goes behind bitcoin back and says that it is a bubble because who knows they might be jealous about it. Whenever such big personality says something wrong about the bitcoin then market gets scared and then it starts dying itself due to such FUD. Im truly not fan of the FUD thing, they are just idiotic presumptions done by people who doesn't understand the long term perspective of the bitcoin.

Lets hope that people will get sense of the bitcoin and other crypto related projects sooner or later. The Blockchain is not really a bubble, at least they should consider that it is real one and bitcoin is made on that one which is real too.

As always, the media exaggerates most of the price action in bitcoin, especially if an obvious downtrend is incoming. Traders greatly capitalizes on this, and puts more and more noise/traps along the way to make confused traders give in and sell what they hold in order to prevent further losses. That's why mental and emotional fortitude is greatly needed when you have crypto investments; on paper and charts, it's obvious that bitcoin always tend to overshoot after a period of bloody crashes, but there's no definite indicator to tell whether a bear cycle has already ended and the bulls are already on the upper hand. The key is, don't get tilted with the FUD.

What?! Bitcoin is a bubble? NOOOO, why didn't anyone tell me this before  ??? ??? ??? I knew it was too good to be true and I should've listened to those other guys every time the price falls more than 5%. My life is ruined  >:(

I believe with what you say that the market had been manipulated. With that in mind, i tried to hold back my Bitcoin and don't sell it a bit. Because i think, if we sell Bitcoin at the moment, this is the same as giving an advantage, to a traitor of bitcoin.

You could argue this both ways, without the volatility in bitcoin that's a direct result of such manipulation. Crypto would not attract nearly as many traders and such who hope to profit off of this volatility. Longer term this increase interest might outweigh the uncertainty created in the market. Also it shakes off potentially weak hands and leaves only those who believe in bitcoin in the market.

Since you make this post we have a very serious dump that has affected almost all the coins and tokens! However I am happy because some of us that has the mind keep trading it till now and that means millions believe in crypto currencies and since millions believe in it, it then means bitcoin is not a bubble and it us one of the future of money.

Don't take the title seriously if you've read the first post until the end. There's a lot of threads that are spreading FUD here in the forum and the title of OP is a good way to grab the attention of people that mostly read threads like this one.


Sometimes it could be people from the government that they interview. You're not the only one here I think a lot of us aren't a fan of these guys spreading FUD because they're misleading people who don't know much and are new to bitcoin. It's making me think they're paid to say things like that just to pull bitcoin down.

Note that red support line at 6700. We've barely missed it.
That was a very nice correction, almost by the book. I was naive to think that people are too hyped this time and won't let it fall below $9000, so I wet most of my buys in that area or right below and we would probably make it if not for the Korean and Indian FUD that made the breakout below $8000 to that lower trendline.

As for the charts it's all there. All huge corrections look alike, besides the fact that the first correction waves are getting shallower. This shows that the more people invest the more stable the currency becomes.

Great representation.
Keeping your data aside, almost every one has said that bitcoin is a bubble. Why they are saying so? Well their evaluation begins when the prices rise up and when the prices crash(which is totally normal), they conclude it to be a bubble. Whereas anyone in their senses,would evaluate the results similar to that of yours.

For some reason it seems to me that many holders bitcoin's night will not be quiet ;D.

My forecast is stable growth to $32,000.