New bear market. Bulls just got slapped in the face.

[kwukduck]

With bitcoin crashing hard again and continuing it's downtrend of almost -10% today it's clear we've entered a new bear market for the unforseeable future.

The problems are only getting bigger and bigger.

ETF will be declined. Chinese exchanges will soon be shut down. US governments are probably also going to crack down on crypto.
There is no solution to the scaling problem and all proposals are being rejected by a stuborn and ubthinking community.

We will hit $800 by the end of the week and are  probably not going to get that high anytime after that..

I'm really befmginning to doubt there's still anything to do to repair all the damage and actually fiz bitcoin.

[1714899912]

1714899912

[Dafar]

Do you post in r/buttcoin?

[Skarner21]

I think they are not bulls and i think the reason why the price of bitcoin are getting dump due to the news about ETF rejection.
Well its been discuss few days ago and i think this is the reason because its started to dump when the news releases.

[btcmerich]

ahaa, good old  kwukduck . I must say i have not missed you but i knew as soon as i did see the red candles you would start a doom thread.

[notme]

I think they are not bulls and i think the reason why the price of bitcoin are getting dump due to the news about ETF rejection.
Well its been discuss few days ago and i think this is the reason because its started to dump when the news releases.

What are you talking about?  The ETF has not been rejected yet.

[iron77]

Another attempt of these

But tbh, I must say it feels bearish now, but it might just be a shakeout.

[X-ray]

With bitcoin crashing hard again and continuing it's downtrend of almost -10% today it's clear we've entered a new bear market for the unforseeable future.

The problems are only getting bigger and bigger.

ETF will be declined. Chinese exchanges will soon be shut down. US governments are probably also going to crack down on crypto.
There is no solution to the scaling problem and all proposals are being rejected by a stuborn and ubthinking community.

We will hit $800 by the end of the week and are  probably not going to get that high anytime after that..

I'm really befmginning to doubt there's still anything to do to repair all the damage and actually fiz bitcoin.

I don't think so, I think $1000 is rational decimal for the price of bitcoin. We know the bitcoin is damaging itself. and i think there are a lot of the problems on the bitcoin and it must be resolving.
But 7k dump btc at the early bearish trend is very good for me. Just waiting for the another bullish is coming.

[numismatist]

I think they are not bulls and i think the reason why the price of bitcoin are getting dump due to the news about ETF rejection.
Well its been discuss few days ago and i think this is the reason because its started to dump when the news releases.

What are you talking about?  The ETF has not been rejected yet.

And that's the only information worth looking for today. All the other critic points mentioned by OP are fixable, most of them merely community related. In some regards Bitcoin keeps missing a strong lead developer personality since Satoshis departure.

[BillyBobZorton]

Bitcoin is undervalued even if it never gets any further scaling updates. Bitcoin is digital gold 2.0, it's interim price is of $100,000+ as gold 2.0 properties alone. If it scales or not so idiots can buy starbucks with it is totally irrelevant.

Anyway, posting in another kwuk troll thread.

[FiendCoin]

How does kwukduck avoid getting banned for all the FUD he spreads and why do people keep posting in his threads encouraging him to continue this bad behavior?

[cpfreeplz]

ahaa, good old  kwukduck . I must say i have not missed you but i knew as soon as i did see the red candles you would start a doom thread.

Hahahaha bitcoin surges 200%, kwukduck says that a crash is imminent. Bitcoin dips 10%. Told you so. Hahahahaha! Even twice a day a broken clock tells the correct time. Hahaha.

Kwukduck you seem to have made an awful lot of spelling mistakes in your OP, maybe too much champagne for your small victory? Btw, we're seeing steady gains now that a whale has offloaded howboutda!?!?

[lumeire]

A bear market is part of the cycle, it's healthy. Not so much to worry about I believe.

[numismatist]

A bear market is part of the cycle, it's healthy. Not so much to worry about I believe.

There's that cynic theory that occasional bear periods are interspersed for popping adventurous leveraged shorts.

[U2]

Oh, shut the fuck up kwukduck. Bitcoins go up up up up up down and you think you're some kind of Saint now. What the hell is wrong with you? We're still around the ATH from the past and the ETF news is coming out soon. We'll be heading to the moon if it's passed.

You do know what a bear market is right? A bull market with a small dip isn't exactly a bear market. It needs to be an actual downward trend. All I see is a VERY strong UPWARD trend.

[hector3115]

With bitcoin crashing hard again and continuing it's downtrend of almost -10% today it's clear we've entered a new bear market for the unforseeable future.

The problems are only getting bigger and bigger.

ETF will be declined. Chinese exchanges will soon be shut down. US governments are probably also going to crack down on crypto.
There is no solution to the scaling problem and all proposals are being rejected by a stuborn and ubthinking community.

We will hit $800 by the end of the week and are  probably not going to get that high anytime after that..

I'm really befmginning to doubt there's still anything to do to repair all the damage and actually fiz bitcoin.

The amount of gains you've missed out on since being bearish at $10 is absolutely staggering.  Yet you continue to beat the bear drum. 

You don't give up easy I'll give you that!

[Moose30000]

kwukduck you utter loser , loser really is the correct  word isn't it. You've been here since 2010 , all you had to do was buy and hold , but no, you fucked it all up didnt you , you lost 25 bitcoins on gox with 6000 usd , you laughed at the idea of 10 dollars a bitcoin , you really have to be a complete  an utter cretin to have fucked up this badly , you should be rich . Instead you're just a pathetic moron who missed his shot not once but time and time and time again.

[maydna]

With bitcoin crashing hard again and continuing it's downtrend of almost -10% today it's clear we've entered a new bear market for the unforseeable future.

The problems are only getting bigger and bigger.

ETF will be declined. Chinese exchanges will soon be shut down. US governments are probably also going to crack down on crypto.
There is no solution to the scaling problem and all proposals are being rejected by a stuborn and ubthinking community.

We will hit $800 by the end of the week and are  probably not going to get that high anytime after that..

I'm really befmginning to doubt there's still anything to do to repair all the damage and actually fiz bitcoin.

if the price is really hit $800 then many traders will not be satisfying to see the price and they think they are getting loss for trading bitcoin pair usd. but if we make preparation about the bad thing that maybe happen, then i am sure that if the price is suddenly gets down too far, we are not panic and still calm and i think this is the important thing that we should do when we see the price is getting to down. i hope the chinese exchanges is not shut down like that and i am sure, chinese traders will be survive and they can pass the bad situations.

[Arcteryx]

Does anyone know where this is going?
First someone says 92,7% not going thru tomorrow but wait another 72 hours for the verdict of etf approval.
Bear market? I just checked the price 4 hours ago and it was above $1202. It is almost where we were just 184 hours ago.

[pooya87]

With bitcoin crashing hard again and continuing it's downtrend of almost -10% today

yeah, such a hard crash. bitcoin is dead and all that. but i don't know why i am still seeing green and profit and lots of it despite your huge crash!

here is a picture

Another attempt of these

But tbh, I must say it feels bearish now, but it might just be a shakeout.

no another attempt of these

[~Bitcoin~]

Does anyone know where this is going?
First someone says 92,7% not going thru tomorrow but wait another 72 hours for the verdict of etf approval.
Bear market? I just checked the price 4 hours ago and it was above $1202. It is almost where we were just 184 hours ago.

If bitcoin ETF get declined today than we may see some correction because there may be some newbie traders who are holding speculating ETF will get approved and price will double within next few months. Personally i am watching how market will react with SEC news and i am not expecting ETF to get approved by SEC.