Warning: Bubble about to pop.

[kwukduck]

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

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[Hazir]

Glad to have you back kwukduck, where have you been these days?

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

So bitcoin price growing is simply effect of delusional minds?

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.
The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

You are exactly right, 2013 bubble was caused by bot, Chinese speculators and high margin trading.

This time is totally different though, we have growing adoption, Japanese bitcoin acceptance is driving the market.
There is a high chance that Russia will accept Bitcoin in 2018 too.

[Nagadota]

You're pathetic.  All you ever do is try and tell everyone that Bitcoin is terrible.  I just went through your post history and saw some of your posts from around 2015 telling everyone that $200 or so is the highest price they'll ever get for it and they need to get out before they lose their life savings.

You were here in January as well claiming that it'll drop to $300-500.  Every time you're wrong and as soon as you get it right because of the normal fluctuation in the market, you'll be riding that one correct prediction for months knowing perfectly well that your inane FUD will never contribute anything.

[moviebuff777]

I would guess that we are in a bubble, but it also depends on whether new investors are jumping in. If a bunch of new people are putting money into bitcoins, then the drop may not be that big.

[Iranus]

The 2013 pump isn't comparable to today's prices.  The price has been (nearly) consistently over $1000 since around the end of 2016, whereas in 2013 it was a sudden rise and drop.  You claimed that it was going to drop very soon a while ago, and a while before that, and a while before that.

Actually, if you look at the Bitcoin Volatility Index, you'll realise that the price has become more and more stable as time goes on and volatility has been at one of its lowest levels ever recently.

I really don't get why you're still on the forum.  It seems to me like all you've posted is FUD for years.

[severaldetails]

Of course the intense growth of the last weeks is extreme, because it was spread all over the crypto currencies.
But I do not think that is was only caused by major investors who pull back all together in a sudden.
I think a lot of small investors entered the crypto world, and I don't believe they withdraw their investment as easy as the professionals.
So to me some kind of correction can be expected, but a massive strike, I doubt that.

[600watt]

you know bitcoin is doing well when even kwuckduck is saying it will be worth $ 1000...   

[michkima]

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

What if it doesn't? This kinds of post has always been showing up on the forum for years! Most of them are incorrect, you all just want fame for what you are doing. This is just some kind of prophecy you want to put out there and just throwing a shot in the dark hoping it would hit the target. What happened to the people that said bitcoins will crash back to $300 when the prices blow up to $600?

[Kprawn]

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

I hope he is warning people against the Fiat system too, because it fails on average every 10 years or so... If it is not the property bubble then it

is fractional reserve banking, but it auto corrects it self every 10 years.   .... Predicting a price drop in any commodity or even a currency is a

natural occurrence... What he neglected to say is... Bitcoin has always bounced back... if you waited long enough... you would have never lost a

single cent.   ... That guy who bought at $1200 { more or less where it took a dive last time} .... would now have made a profit of $400 to

$500. 

[Qartada]

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

I hope he is warning people against the Fiat system too, because it fails on average every 10 years or so... If it is not the property bubble then it

is fractional reserve banking, but it auto corrects it self every 10 years.   .... Predicting a price drop in any commodity or even a currency is a

natural occurrence... What he neglected to say is... Bitcoin has always bounced back... if you waited long enough... you would have never lost a

single cent.   ... That guy who bought at $1200 { more or less where it took a dive last time} .... would now have made a profit of $400 to

$500. 

The fiat banking system makes no sense, and essentially requires exponential growth.  As soon as people are out of debt, the whole system will collapse.

In Bitcoin, at least you know that if there's a crash it's just people taking their money out of the currency, not people trying to keep their money in the currency.

[Clement Kaliyar]

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.
This craze can't go on much longer before we crash hard again to $800-$1000.
You are warned.

So what do you think this bubble is cause,by Japanese bots  the volume is not at all the same like 2013 and it is not that easy to manipulate the price of bitcoin just like they can in the past.The current volume is simply because there are more investors in bitcoin and so is the reason you wont see a dump like we used to see in the past,if you have any other idea do share,i do expect a correction after a rally but it wont get dumped like you think it will be.

[shillfudder]

You're pathetic.  All you ever do is try and tell everyone that Bitcoin is terrible.  I just went through your post history and saw some of your posts from around 2015 telling everyone that $200 or so is the highest price they'll ever get for it and they need to get out before they lose their life savings.

You were here in January as well claiming that it'll drop to $300-500.  Every time you're wrong and as soon as you get it right because of the normal fluctuation in the market, you'll be riding that one correct prediction for months knowing perfectly well that your inane FUD will never contribute anything.

LOL, good one. Nagadota. He's sore he missed out.

[jakelyson]

It is always a good indicator to me that bitcoin will still do great when FUD are starting to pop up. It is either they want the price to fall so they can buy in cheap or they are losing too much on their short. I do not know about kwukduck though, his always been like this ever since I joined in bitcointalk.

[blade87]

You're right. There is a bubble that's going to pop at some point. But it's not Bitcoin. It's the current altcoin bubble. And when that happens - it will send Bitcoin soaring north of $2000.

You are warned.

[RodeoX]

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

The problem with your logic is that your assertions are based on the premise that bitcoin is actually not worth anything. Then you go on to predict a valuation of $1000.  Huh?

Oh, and you have said it is about to go belly up for years and have been proven wrong every single time.
Anyway, welcome back.

[ridery99]

buy back when 200 dollars, ok

[Clement Kaliyar]

It is always a good indicator to me that bitcoin will still do great when FUD are starting to pop up. It is either they want the price to fall so they can buy in cheap or they are losing too much on their short. I do not know about kwukduck though, his always been like this ever since I joined in bitcointalk.

If these FUD creators could convince a big time whale then you could see a real drop in price if they are to dump all the coins ,so these sort of made up news and FUD always made the market move in either directions but i think things have changed a lot from that situation with more investors coming into bitcoin.

[kwukduck]

Yes i'm full of bs... let's look at the facts since most of you DO agree that the 2013 spike was not due to the actual market.



For the dummies we forget about gox and draw a red line of an estimate of what the real market would have been doing... I think we can all agree it's going as parabolic as it can right now and we all know that ends in blood and tears sooner than you think.

[Paashaas]

Kwuckduck must have been burned a lot of times, right?

[m3g4tr0n]

Switch to Logarithmic chart.