Bitcoin Forum

OK, the bubble popped this isn't news, but now, what's going to happen?

Everyone, well everyone in the "know" has been exiting to USD for a while.

Price will 5K by march 25th then we'll go up slowly towards 9500 in June , and then again slowly down to find a bottom to god knows where yet.

Alts are going to suffer like you've never seen them suffer

Some funds with position in alts have been using the pretense of forks to get out for USD, see ETC then and XMR now.

The ICO coins? they are done, completely done, they never had any product anyway.

ETH will go to 350 and follow btc movement in USD afterwards.

Now is the time to take holidays, its been 3 years we are in this, we are all tired, we need some rest.

Come back when its boring and price is flat and the world has forgotten about bitcoin

Yup I expect this to be 2014 all over again. People are still in denial right now. But they will finally realize 1 year from now when the price is back to $2k. The bubble took 1 year to inflate and now it will take about 1 year to deflate. Unless your a day trader, don't waste your money and invest right now.

Nothing on the market ever happens all over again and 2K in 1 year is as close to impossible as I can imagine.
It could be something close to zero, but not 2K (in one year).
All speculators on this board keep forgetting about the price to produce a single bitcoin (without even counting equipment amortization).

In US it is about $3-4K on average. In 1 year, it would be $9-12K minimum.
You can't have $2K bitcoin when the price to produce one is $9-12K.
It makes no sense economically.

We have crossed those days of bitcoin into struggle to reach such a drastic fluctuation in the market. I believe this will be same as that of the previous price fall that happened when the issue related to South Korea has been getting more negative news spreading on cryptocurrency.

First of all, every person here is a believer of bitcoins and secondly it's never gonna go in downwards trend in long term as it's anti inflatory and it's rarity will increase with time and it's completely opposite of fiat.
Now about ICO coins, you must know that ethereum was also an ICO coin and it does provide pretty high value and is also very useful and that's the reason why Microsoft and IBM are mad behind it. Also many different kinds of contracts can be made on it which are pretty easy to make and are pretty useful also the new ICO are also being held on the ethereum network as well.

The time has come and bitcoin slowly drop and there's no way it can stop right now, I'm bitcoin fan and continue hoping for bitcoin to rise again at the same time I'm ready to face whatever happens to bitcoin in the next more days. Bitcoin help many lives but not all the times bitcoin is on top because we all know bitcoin movement on the market is so unpredictable.

I think your target for ETH is way too high. If it is to do like litecoin in 2014, then it will bottom around $30

It could happen. However you're expecting this dump to go down to around $5k when realistically I don't see it happening. This is not a sign of a bubble popping but rather just a bunch of people selling off their BTC due to various factors that have came up in the news recently.

As bearish as we have been over the past few days with prices essentially going down tens of percents per day, I don't see this continuing.

We're likely to find a bottom at a minimum of somewhere around $7.5k and that is very pessimistic. Binance has already cleared up some misconceptions. If it does go down to $5k then it may be a signal that this year we won't see any price growth again and the markets are fully bearish, though a recovery will still be expected in that very worst case scenario.

Anyways, anything under $9-10k is a good buy for now I think.

but the difference is that litecoin's supply is a lot more logical than ethereum's. it has less supply which is all distributed without any premine while ETH had a 72 million coins premined. additionally litecoin has a cap and with each halving there will be less and less new coins created. while ETH not only has no cap but also has a huge supply already!
I say it has to drop below $10.

As strange as it may seem, I have a feeling you're right here. I have always wondered about mining cost and if miners have some influence in setting the price. Their costs are always going to be in dollars, always rising, and they have to maintain operations... The alternative is closing shop, and in that process removing hashrate. If that dominos, then we'll see fewer nodes and less secure network, something that will also force new money to pour in.

That said, we could also be underestimating the profit they have already been making from bitcoin and alts, it's possible they could still maintain profitability even at 5k... If we find the break even point... That's the floor for Bitcoin.

You seems to be too much in a pessimist mood that makes you say that it will go back to 2014 . I do not believe anything can happen of that sort, infact market has started to recover and bounced back to above 10k now. Only it is just speculation of few people that a big crash will come and once it starts to rise this people would only regret later.

The community is growing drastically since last year. People are demanding cryptos for they have seen the potential and power of cryptocurrencies and what it actually means to invest in a great coin and its outcomes. Keeping all this in mind, your predictions which according to you are perfect is just pointless and has no strong point to back up your predictions for anyone to think that you're accurate. Rather than sating what will happen, bring a strong proof and news why will all this happen that you just predicted.

Threads get me between believers and not, believes when there's no FUD or new government ban, but the price keeps dropping. And I'm not belive, because bitcoin users around the world, they will continue to use it for profit. But, you're right three years we've done this and are tired to see the news that keeps coming, from the government and the world. We'll see the next few days, something that will happen to bitcoin and cryptocurrency.

Thanks my hero, you’ve perfectly mastered knowing exactly what gonna happen and most members here doesn’t appear having the same psychic power that you have, to tell us what the future may bring. Speculative views like this with a word “exactly” is somewhat new to me and the one posting are so confident about the bitcoin price with exact dates. Rest for now, you badly need it.

i think worst case scenario is a flash crash to <1000 in the next three months. the 1200 previous high was never really tested during this bull run and I think some coins have to get sold in that range for us to move on....

You are missing a zero. $12,000 previous high.
and, and <$10,000 within three months can be considered stable for Bitcoin.  :-X

Actully everybody "in the know" has been getting out of dollars. I closed my dollar account some months ago, and I'm pleased that I got out. The Petro-dollar is finished, and the US debt mountain is going to make it hard to protect the value of the dollar if it ceases to be a reserve currency.

Lol. And then what if btc recovers? These people wpuld all go quiet once again and wait for another dip to give out their smart predicrions. Its funny how negative topics like this pop up like mushrooms when the market is crashing. You should've opened this up when btc was hover a little steadily around 10.5-10.8k if you're that sure :p

A very possible scenario indeed.
Din't want to think about it, didn't want to point this out. But well, thanks for being so brave to tell the truth

Nobody can really predict bitcoin price, this has already been proving over and over again. Price is going down today again, most probably due to the sale of coins from MtGox.

You may be right about ICO’s but remember, EOS is an ICO. That one may be the exception and could stick around for a while.

I think some altcoins will survive while others will fail. I think there’s room for several coins and tokens in the cryptocurrency space. I do see potential for more of a drop in prices before the real recovery begins later in the year.

this board has turned into "price wishes" instead of "speculations"!
everyone wishes a lower price so they can start buying bitcoin and some are even wishing for the drop so they can short bitcoin so they think to themselves if they come up with some bullshit and post it everywhere on the internet, it will come true.
and god forbid if that comes true by a chance! we will never hear the end of it. they will think of themselves as "future tellers" :D

The time to actually take holiday is now but not to all of us. We are not going to see ourselves be defeated by the enemy of cryptocurrencies who are bend to bring bitcoin and blockchain technology to a stand still or couse a very serious dump. We are not also going to allow fear to over ride our judgement and the way we have been supporting cryptocurrencies.

It's difficult to know whether this is going to happen or not however one thing that I know it's not going to happen is the world forgetting about bitcoin the price it has reached is simply too high governments are not going to forget even if the price crashed to just one dollar they will keep pushing for regulation thinking that bitcoin could revive at any moment.

Complete nonsense. There is no basis for such allegations. It seems to me that OP was joking. The spring of bitcoin has shrunk already to the limit. Bitcoin is ready to shoot at any time. I'm sure it won't be long. In may, no one will remember this post. It is a pity that there will be new such as confused.

It is his opinion, then let him think what he think it is, but you are right there is no basis in his allegation, he was so much full of negativity I am wondering what life he has right now, well Op we are here because we just need money but because we believe in bitcoin, that's all.

Don't think so. If we remain completely honest and realistic, then we just have to admit that the gox dumps have only started, where they are still having around 170k in Bitcoins left. It doesn't automatically mean that they'll keep dumping everything, but we shouldn't discard that possibility either. One pattern that I did notice, is that they, or whoever the dumpers are, allow the market to climb back up to over $10,000 levels again. I said that yesterday in a different thread as well, and for that reason expect a +$10,000 visit before the end of next week. However, it will fall back down again in the same fashion as we have seen it happen lately. Either play the game with them, or patiently keep holding.

Its very funny, people starts to say bubble when the bitcoin price is falling but we knows that price fluctuations is normal with bitcoin so I don't care about these temporary price bumps and dumps and keep calm and let the time will tell the answer to the bitcoin haters or who is saying bubble.

well, I've just reloaded ETH at low, usd$680.

I think its a bargain at this price.

If the thread-starter is so good at fortune-telling, can you tell me whether I've bought at a low, or at high?

ps. plan to sell ETH-->BTC, when ETH reach usd$800~$880 for profit taking

How much do you get paid to be a fudster?

A lot of FUD as we are in a downfall position. It's easy to say that it will goes to bottom but it seems too many are supporting bitcoin. This will not be too much as the price will easily recover after those dumps.

How can ETH be a bagain here? It was just $5 a year ago

Lol newbie my brother, you will need a lot more sweat to give in crypto to see a better picture.
Going to extreme just because you had enough is not gonna happen :)
 

Funny how there are still people who says something about negative to the future of crypto currency or spreading FUD without supporting any strong basis and facts. No matter how much or where the btc price is, they can still manage to pull negative statements towards it. I guess spreading FUD could help them pull the price down and buy later on when its at the lowest dip. Isnt this another trick of the big players in the market to completely manipulate the prices? I hope not.

Bubble popped? Okay it's a news, you mentioned it. We are all tired of this statement since then. Your speculation about ICOs is okay, they are not here to stay forever unlike with your prediction of bitcoin. Let's see if you came from future and you gave a date or else you are just trying to give some newbies here something to fear.

Spot on mate. This seems to be the trend and I'm also confused as to why we have been in this bearish situation and trying to test $11K (latest count is 4th time, afaik) and then the sudden and drastic drop one again.

And later we found out who's dumping and what causing the price to go down immediately after a jump from $9K-$11.5-$11.7. He still has bitcoin to offload so we might as well look at this pattern and maybe either ride the waves (sold off at peak price of almost $12K) or just hold patiently.

Agree! with many other ICO just they are raising enough money but still, cannot able to make their promise before the ICO, this makes the price to reduce in the market. Of course, if Bitcoin price increase all other altcoin prices will increase but the major problem even company should do what they mentioned at the time of ICO.

We can never be so sure if an ICO will be successful or not, But there are many ICO out there that really has a potential and Could be a sure investment in the future, And what if they are not successful with their project and they don't even get a soft cap out of their pre sale? Because some ICO will just ignore what they have put on the white paper or even extend their ICO or certain bounty that they establish, Well there are not perfect after all.

"Bubble popped"
Do you really know what it means?
50% drop after an increase of about 2000% yearly is not a pop of a bubble, its a small price correction, if the bubble pops bitcoin has to reach about 1000$ which I don't believe that is going to happen in the near future as the support rate of bitcoin is amazing.
On the other hand, this sudden decrease in price caused some people to be concerned about bitcoin's future and those who are speculators are having hard time.

A newbie account posting a technical analysis  ???
It's hard to trust on your analysis as it doesn't cover the reason behind your claims. You have to show why you think price will dip down or go up to certain level indicating resistance and support level. Looks like you are just being too emotional with Bitcoin trading..

ICO coins (99.8%)

No product
No viable business model
Issued illegally as a security, can't be traded on exchanges by normal people
Weak technology that will always be superseded by newer better coins
Distribution massively skewed to early insiders
Entirely unneeded, a decentralized trustless ledger makes no sense for any of these applications outside of coins that can offer gambling games.

Add on top massive overvaluations, (Dentacoin 2 billion?)

These need to correct to basically 0, where the bid on the shady offshore alt-only exchanges that still list them is so thin no one can offload anything without driving the price to almost 0.

One of the great things about bitcoin and most markets by the way is that or predictions can be tested in real world conditions, so if you think the price is going to  go up and another person thinks the price is going to go down in a certain time frame then you can watch the price and see who was right and who was wrong and as you may guess since we are in a bitcoin forum I suppose most people here are bullish about bitcoin over the long term.

Im not Sure about that. In what are you sopported to say that? Do you have information that no other have? Nobody can predict what is going to happen to bitcoin, you just have to be ready for Anything.

The man is simply describing some doomsday for the market of cryptocurrency and ICOs. I am not sure that everything will be so dramatical. I believe in crypto.

It seems to me that the big problem is that bitcoin is distributed unevenly between people. There are whales who have concentrated in their hands a large number of coins. Now we see the consequences of only one mass sale of coins. How many such cases can there be in the future? Therefore, there are no laws and forecasts in bitcoins.

The guy was simply sharing his thoughts with us, man. Don't you remember yourself when you were a newbie? You also had many doubts and even great fears.

how much  fee do you get to make this kind of GREAT ANALYSIS?just tell us and we will pay you double to make something like this in favor of bitcoin?you guys are gifted and i wish you will use that knowledge in right way,not just to make profit on your own,share the earning.help us spread the greatness of crypto and specially bitcoin

Bullshit.
Anything can happen and it can change everyday.
Repeat of 2014? why no repeat of december 2017?
Dont talk crap if you don't have hard facts.

Now that's one of the stupidest advices I've seen here. It's already showing that bullish time has come back and we will see 9500 before the end of March, not in June like you said.
One thing is clear, summer will be interesting because of speculation on G20 summit in November which will have big impact, because blockchain is going to be one of the topics.

We have just crossed the 7 day moving average on the 12 hour chart.. by crossed I mean upwards, with the recent recovery. If we can sustain this for 12 more hours and close above the 7 day moving average on the daily chart, that's the start of something positive. Next step would be to cross the 30 day moving average. I believe we can do this somewhere in April.

Finally, the 200 day moving average which was resistance at february, should be passed somewhere during the summer, starting the bull run to the new all time high.

The alternative scenario is these resistances being broken downwards, which would still be good news for long term holders since BTC would be at an insane discount.

Funny to read such themes. Even professional players in the market are powerless to give a reliable forecast regarding the behavior of bitcoin. Here there is no unknown newcomer and says that he knows what will happen to bitcoin. On March 25, the price of bitcoin will be above $ 10,000. Do not take on the role of Nostradamus. You won't succeed.

1 week left

its coming guys, i hope you're ready!

You're a bad fortune teller. Today, March 20. Bitcoin 8500-8600 dollars. Ath 530-560 dollars. I see that now there are all conditions for the beginning of a stable rise in prices. This once again confirms that the forecasts for cryptocurrencies are ungrateful. You may also want to try their hand at divination on hand? There's more to be deceived.

ul. At me too the same ideas have run. I think that this year I have no problems. I will not even pay attention. I already lost my moments because of such predictions. Although today the market is in the Urals and probably because of this there are a lot of predictors.

Well im off by a few days but target starting to get in sight

Anyone can express whatever they wanted to say about bitcoin and the crypto. But since we don't really know what's going to happen, i won't buy in with your claims either since i also have mine. Let's just wait and see what really happens then.

I don't believe any predictions, but I agree with OP that it's time to go on vacation. It seems that the cryptocurrency market will be in a zone of high turbulence for a long time. I will not sell my coins now, but I also have no desire to buy bitcoins. I'm going on vacation.

You must truly feel like such an idiot right now talking about other people giving stupid advice. These sure are Bullish times, mkaaaai.

Well, I imagine everyone can see it coming now!

We are actually at a very serious time and we should hope that the system get setup a bit in other for the world to see the beauty in cryptocurrencies. The current dumped is really the bubble boast and going forward we would need more bullish market now than the bearish market. Bitcoin come down to  $5,000 is just around the corner and we hope the market recover soonest.

When Bitcoin price is increasing many people used call Bitcoin as bubble and when the price starts decreasing many people used to call it as the scam. People who are calling Bitcoin as Bubble, Scam etc are making more money through Bitcoin, everyone has their own views and we can't say simply they are right.