Aaaaaand I buy!
Aaaaaand you baghold! |
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Hey guys! Here is your new bear-friend!  |
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Just because bitcoin is falling and not rising too much does not in my eyes anyway tell me that it's dead. If it was dead it would be dropping dramatically and businesses would not be taking it on and accepting it.
It's just a slow death. Slow and painful. |
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My target for btc: |
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tell everyone, people need to know just how unbelievably good the opportunity is, we have some clown pushing prices down for us, hes been doing it for weeks, tell your friends, call your grandmother! tell them everything! the poeple need to know.
CHEAP COINS AND PLENTY OF THEM
+1. Buy buy buy!  I was joking about "RIP Bitcoin". I love bitcoin and everyone should know this!!! BUY BITCOINS NOW AND GET RICH IN 3 WEEKS! |
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It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down.
If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.
There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone.
This is pure manipulation and idiot sheep following, afraid of another crash.
We don't need another centralized payment system. If no one cares about this problem, early adopters will destroy this shit. RIP Bitcoin. |
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Nope...
We'll see  |
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Such a collapse would not be a straight line. It would be a steep curve down.
Sure, I don't say there will be a straight line. It will be a curve: waves down and corrections up. And now we have finished the first correction of this downtrend. |
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I'm not sure where you got the 1-2 years. This kind of thing happens quickly. If dumb money thinks the floor is collapsing, the sell off will be sharp. It would be another SR event, followed immediately by the next bubble.
Right now the "dumb money" people think they are smart enough not to sell into another "SR event". So I expect a slow painful downtrend aimed maybe even to single digits. |
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More likely is the smart money is holding back the bubble to violate trend lines and cause dumb money to sell. They pick up as many Bitcoins as they want, and then the bubble starts.
Sure, but this trick will take 1-2 years I guess. Right now everyone is too optimistic about Bitcoin, so we need way more time to cause "dumb money" to sell. I think 1-2 years are enough for that. |
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Look at your chart again. The time between peaks is what you wanted to show. But a picture is worth a thousand words, and this speaks more than you anticipated.
Ah I see what you said. Probably the $650 price could be a floor for the next "bubble", but this "bubble" has only 1-2 weeks to occur then. I don't see any "panic buying" like it was during the previous bubbles.  |
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What your chart shows is the floor after each peak is established 214 days after the previous peak. That would make the current price the floor for the next bubble burst. But that assumes the days between bubbles is always constant. I don't think anyone ever took that seriously. It's just a coincidence.
My chart shows time between peaks, like the OP's guess. Not the "establishing floor", just time between peaks. Time between peaks either 214 or 235 days. That's why I drew 2 lines on previous peaks. We have passed 214 days time point already, probably we already have started the next wave of the downtrend. But we still have 1-2 weeks to the 235 days time point. Maybe we'll have a bubble during these weeks? I don't think so. |
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1) Bitcoin has never dropped down to the previous peak after dropping from the current peak.
2) No bubble peak has ever been below the last one.
This chart doesn't look remotely realistic.
The first 2 peaks on my chart are below $32 - the peak of 2011. It doesn't matter where we should have a peak. The time for this "bubble" is over. Gonna crash hard. Have a nice bagholding, folks |
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Here is my chart about this:  |
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Wow bitfinex added DRK!!!!
Yeah!  |
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Lets see how many people will miss out on the July rally  I won't miss out on the July bear rally. |
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after the 20-30% off discount auction of 30k bitcoin, the buyer will surely dump all btc at once, then we shall see $500 and $48x
better sell now or you will lose $$$
I doubt the auction price will be higher than $50 |
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Just watch that support line, we can't go any lower without it breaking and if we do we're f**ked
We'll break it. See you at $0 |
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The only bad thing is about the local exchange..
It's not a problem at all. |
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