Prepare for another year or two of dramatic decline.

[kwukduck]

We've seen this all before.
Now that the last hopes of a continued rally are harshly shattered by this bull trap it looks like we are in for another slow dramatic decline.
Last time it was from 700-800 towards 200, i suspect this time trend reversal may occur again around 300-350.
It was a nice run but until Bitcoin gets fixed at a fundamental level, these prices are unsustainable and marketcap will keep on leaking to superior coins.

[BitHodler]

The only things dramatic are your threads. If you look at the market from an ubiased point of view, then you know that there is no way the price will sink that far.

I don't even think we will go below the $800 point as we are going through a healthy correction right now. After this the price will continue to climb.

Maybe even till a point where $1000 can be maintained for a long period of time. One thing was certain, the market was on the brink of going down significantly. No one can say it wasn't expected.

[Ted E. Bare]

Kwukduck you have always been wrong. And you sold your coins for just $10 lol.

[IIOII]

Kwukduck you have always been wrong. And you sold your coins for just $10 lol.

Good to know, we have a reliable contrary indicator here.

The current move is merely a tiny correction of the overheated rally of the last days. The upward movement will continue within a few weeks. Compared to previous bull runs, the current trend is strongly supported by fundamentals (namely increased demand form India and Venezuela).

[iqlimasyadiqa]

This is a very bad thing. we face a nightmare for the second time. bitcoin prices continue to decline and I'm sure many traders were very disappointed. their wrong decisions and ultimately suffered great losses.

[JakaE]

I was almost worried until I saw who the poster was...

[talks_cheep]

Even a broken clock is correct twice a day... Just sayin' y'all.

[Mr. Big]

I've seen kwuckkwuck threads and most of it are unbelievable and hilarious... But nothing's wrong with being prepare if ever a worst care scenario occur... 

Lets just wait 'til everything cool down, if we really fail, then lets give this man a clap, but if he fails, this will be another entertainment and laughable thread  made by kwuckduck... 

I guess this thread will further left the price of bitcoin behind his post... ( I am pointing on another thread )

[chopstick]

BTC still has fundamental problems at the governance and scaling levels.

Core cannot be trusted to solve anything or do anything that does not glorify their egos or benefit themselves in some way.

1mb blocks can't sustain a BTC price in the multiple thousands. That's just how it is.

BU or Classic will have to fork off and succeed if we are to move past these hurdles.

[BitcoinHodler]

Kwukduck you have always been wrong. And you sold your coins for just $10 lol.

to say "always" is an under-statement about kwukduck's topics. according to him price should have crashed to $100 at least 50 times

[manselr]

We've seen this all before.
Now that the last hopes of a continued rally are harshly shattered by this bull trap it looks like we are in for another slow dramatic decline.
Last time it was from 700-800 towards 200, i suspect this time trend reversal may occur again around 300-350.
It was a nice run but until Bitcoin gets fixed at a fundamental level, these prices are unsustainable and marketcap will keep on leaking to superior coins.

Wrong. The current rise is way more controlled, as someone pointed out on reddit I think where I got this pic from, you can see how the angle of the current rise is way more healthy:



Also, notice the big red bar on the august bitfinex selloff and how well we resisted after lossing like 50%... the uptrend still continued.

This is not 2013 all over again, this is just a break, moon trip continues.

[spiritglove]

We've seen this all before.
Now that the last hopes of a continued rally are harshly shattered by this bull trap it looks like we are in for another slow dramatic decline.
Last time it was from 700-800 towards 200, i suspect this time trend reversal may occur again around 300-350.
It was a nice run but until Bitcoin gets fixed at a fundamental level, these prices are unsustainable and marketcap will keep on leaking to superior coins.

That drop happened for a reason, China banned t he Virtual currency. That is not the case this time. In fact Bitcoin is become accepted more and more as currency by the worlds nations, as that trend grows, so will the value of Bitcoin.

Bitcoin or other virtual means of exchange will become more prolific. It is really a no brainer. A Government that adopts bitcoin as currency, is saving it's self hundreds for millions of dollars in coining and engraving costs. For business, a virtual currency that has no "gate fee's" associated with the vendor receipt of funds.  Instead you have the consumer paying for the use of the virtual system at the time of receipt of the Bitcoin. Not to mention that a convenience store that accepts Bitcoin, will not be a target for robbers any longer. How could the businesses of the world over look the obvious value of Bitcoin. Lastly, unlike the dollar Bitcoin is volatile, it has  great potential to go up and down making it an investment vehicle. Something the US Dollar would never be good for.
  I grant you that Bitcoin does have the ability to make significant drops. However it's history shows a steady and continued pattern upwards. As more countries and businesses accept Bitcoin, the more it's value will grow, in spite of periodic sharp drops.  

 It would be a better Idea to take the time to point out the benefits about bitcoin to Business and government than to cry out a new Thread of pessimism because Bitcoin fell a little after the Holiday splurge. It should have been expected. Markets go up for the holidays and come down a bit afterward .

[Meuh6879]

We've seen this all before.

yes.

And this is BEFORE the DUMP :

https://www.cryptocoinsnews.com/bitcoin-price-poised-go-higher/

[Wilhelm]

LOL leaking market cap hahahaha 

There is an undeniable stable and positive long-term trend on market cap since 2015.
https://coinmarketcap.com/currencies/bitcoin/#charts

 

[BitcoinBarrel]

I really hope Kwukduck is right. I would LOVE to snatch up 3 BTCs for $1k all DAY.

[RodeoX]

So Duck is predicting a "dramatic decline". I for one am shocked. LOL

I have challenged him numerous times to place a bet for money on his predictions. If you can't put your money where your mouth is then your not worth listening to. After we all put our money up and frick'n crushed it!

[mainpmf]

We've seen this all before.
Now that the last hopes of a continued rally are harshly shattered by this bull trap it looks like we are in for another slow dramatic decline.
Last time it was from 700-800 towards 200, i suspect this time trend reversal may occur again around 300-350.
It was a nice run but until Bitcoin gets fixed at a fundamental level, these prices are unsustainable and marketcap will keep on leaking to superior coins.

You know I've just barely heard of you as someone who sold his coins for 10$ because "btc had no future". So I might a negative impression towards your general advices concerning btc market, especially the futur trends. But what's funny is that you're not completely wrong.
I think that btc still has important fundamental problems. Especially the delay of transactions in hasty days (like this one for example) and the problem of full/empty blocks and fees.
These aspects are part of btc but are also slowing it down.
But to believe that we'll have a crash from 1100 to 300? Oo
That's a lot. That's just too much. A crash yeah and we're having one, but not something so powerful!

[InvoKing]

We've seen this all before.
Now that the last hopes of a continued rally are harshly shattered by this bull trap it looks like we are in for another slow dramatic decline.
Last time it was from 700-800 towards 200, i suspect this time trend reversal may occur again around 300-350.
It was a nice run but until Bitcoin gets fixed at a fundamental level, these prices are unsustainable and marketcap will keep on leaking to superior coins.

I was going to lose the hope of seeing a rise soon in the bitcoin price when i just saw $885 few minutes ago but now kwukduck gave us A NEW HOPE

[alyssa85]

BTC still has fundamental problems at the governance and scaling levels.

Core cannot be trusted to solve anything or do anything that does not glorify their egos or benefit themselves in some way.

1mb blocks can't sustain a BTC price in the multiple thousands. That's just how it is.

BU or Classic will have to fork off and succeed if we are to move past these hurdles.

Yes - but given that the miners arn't interested in choosing BU or Classic, I think what will happen are speculative pumps from time to time, with various alts making a bid for teh crown. At some point an alt will succeed, and they'll be the future of cryptocurrency.

[kwukduck]

BTC still has fundamental problems at the governance and scaling levels.

Core cannot be trusted to solve anything or do anything that does not glorify their egos or benefit themselves in some way.

1mb blocks can't sustain a BTC price in the multiple thousands. That's just how it is.

BU or Classic will have to fork off and succeed if we are to move past these hurdles.

Yes - but given that the miners arn't interested in choosing BU or Classic, I think what will happen are speculative pumps from time to time, with various alts making a bid for teh crown. At some point an alt will succeed, and they'll be the future of cryptocurrency.

Will you look at that, people are beginning to understand what i've been saying for years.