Crash is inevitable and we are prepared for it.
It's called an opposite pump!  It's funny how people are going full panic mode now the price is going down heavily. Is it really that hard to understand? Something that goes up HARD in a very short period of time, may as easily come down HARD, and that's exactly what is happening right now. Traders are celebrating, while the yolo gamblers a.k.a peak buyers are now suffering as they likely sold in panic. What a contrast... Yeah this really sucks cuz I'm one of the peak buyers. Now I feel like banging my head against the wall. Price is already below $2000 and it's spiraling downward fast. Looks like ETH bubble has popped too and I have already lost nearly half my stash there. Oh boy, this won't end well  Getting into alts is something you should be very careful with anyway, even more so than bitcoin generally. But with fundamentals missing and a price rise of 10% per day you can expect that to pop ofcourse at some point. |
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I am aware about the crash but from my point of view I think the correction is price is healthy for the market. Its healthy for both the market and the investors because we are able to buy more of btc at a low price.
Ehm No. Pumps and dumps are not healthy in any economical model. Specially not when lacking fundamentals. What is hralthy is fixing crucial issues as early as possible and get gradual acceptance and rise. |
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Oh look at that -25% and the day isn't even over yet. Oh all the i-told-you-so's....
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I'll say it again. We are still missing any and all fundamentals. The network can't handle the transactions anymore. No decent privacy is maintained.
I'm still waiting on a transaction to confirm that i sent over 30 hours ago with normal fee.
The price will not rise this was pure hype bubble by Chinese whales as i've been saying all along. They are now taking profits on gullible people that think we will see 3k again. Good for them they are making hundreds of millions on y'all that don't dare to think for yourselves and just follow the hype.
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@Leopard2 if that remains we can very clearly state that bitcoins mission has failed and all there is left is some speculative tulip bubble, not a revolutionary global digital currency.
@N7Pathfinder
SegWit is not supposed to address the scaling issue directly, it makes transactions more efficient which saves sace on the blockchain, in no way does this solve the issue.
We don't need fork after fork to deal with this, a dynamic or smart blockchain can scale by itself.
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China is trading 100 USD under US/EU now. Still believe this bubble isn't popping? Lol
China price went from 2900 to 2000 in 24 hrs. Naaaah nothing is crashsing says the bitcoiner.
I am starting to believe that too! I don't think that system can ever be a reliable method of payment. Last night I made a simple purchase with Bitcoin and it took over 12 hours for the transaction to be confirmed! By that time the price has dropped and the sale was cancelled! And the transaction fees are also getting to be very high, and the block size...etc. And what about all this market manipulation going on? I think there are big problems! There are and they should have been resolved years ago, but instead the community chose to stick their heads in the sand and call my calls for change unneseccary for the time being. Look at this shit now, it's sad. |
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China is trading 100 USD under US/EU now. Still believe this bubble isn't popping? Lol
China price went from 2900 to 2000 in 24 hrs. Naaaah nothing is crashsing says the bitcoiner.
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With China pushing this entire rally leading the price with +10-15% we can be sure to see big dumps now that the Chinese prices are UNDER the US/EU prices and falling further.
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Yes it will go from 2.000 to 13.000 this year. But that's the beginning don't sell two months later it will be 100.000 and by the end of the year we probably have 500.000.
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My prediction is we will see dump after dump after dump until we reach around 700-900 levels.
We've already seen two big dumps today. More to come.
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Crypto is in the innovator phase, maybe starting an early adopter phase.
This might be the first time I've agreed with you.  Oh shit, I think we just caught kwuk breaking character!  That has got to be the most bullish thing duck has ever said Lol. As i've said several times before, i've always been very positive on the original idea of bitcoin. It's the greed and head-in-the-sand mentality that messes everything up. This whole scaling drama should have been resolved in 2012 or 2013 at the latest. Just to name one of the critical problems we face now, unnecessarily... |
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Lol dummies. Crypto is in the innovator phase, maybe starting an early adopter phase.
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Ah yes the strong fundamebtals we have now...
Like the networks inability to process transactions in a reasonable time with reasonable fee.
Oh and those amazing privacy features that are non existent.
Ahh yes and the upcoming hard fork.
Thise are great fundamentals to build a fiat-greedy hype economy on..
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Don't worry. You'll soon be able to sell under $1000.
We still don't have working fundamentals.
Bitcoin still doesn't scale to anywhere near the size needed to support this value.
Bitcoin doesn't offer any useable privacy.
A hardfork is very likely and will create absolute havoc within the btc economy.
What we have here is a bubble about to pop very hard.
you're so adorable. you're gonna earn a little prize from the rest of us some day. sure, it'll fall sometime soon but this rise is taking place with everyone fully aware of what the issues are. The majority of people is clueless on these issues, they've never heard of it. The ones that are aware of it just have fiat dollar signs in their eyes now. Notice something here? People don't care about bitcoin or blockchain. They care about making money in fiat. Which is really sad and quite opposite to the vision with which this all started... |
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Also don't forget 2k will be a HUGE selling point from a technical investment/trading perspective.
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Don't worry. You'll soon be able to sell under $1000.
We still don't have working fundamentals.
Bitcoin still doesn't scale to anywhere near the size needed to support this value.
Bitcoin doesn't offer any useable privacy.
A hardfork is very likely and will create absolute havoc within the btc economy.
What we have here is a bubble about to pop very hard.
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A new long term negative trend has been initiated, technically that is, but with the chain split upcoming this will probably be a very fast and deep crash from which there will be no recovering.
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Not.
With the imminent thread of the BU hard fork and the destruction of the bitcoin network and ecosystem bitcoins prime time is over.
Soon superior coins will take over its place and bitcoin will sink down among the failed altcoins.
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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.
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