megashira1 (OP)
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May 20, 2017, 09:40:43 PM |
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BITCOIN is not anywhere close to being a bubble. The price has barely even doubled the past 3 months. $1000 - $2000![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.gyazo.com%2Ffe07df74ec793b622738a82e0b519e57.png&t=665&c=VBO3VeqxAMhnJA) Compared to the last bubble, which was artificially imposed and had much weaker fundamentals than now, Bitcoin rose almost 10x in 3 months. $130 - $1330![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.gyazo.com%2F151093d4bfa57926d2f0345c17a50954.png&t=665&c=X_yxhtY-Ude5nQ) However, we ARE in the GREATEST ALT BUBBLE of ALL TIME. Alts have collectively risen over 13x from a capitalization of $2.8b to a staggering $36b in 3 months. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.gyazo.com%2Fe3a2e79db84294a3c7610138b6b91ba0.png&t=665&c=1Tge082WElJ0ig) When this thing implodes, and it WILL implode, where do you think people are going to run to? BITCOIN of course. And no, people will not be running to fiat because all the fresh blood that got into crypto is looking to STAY in crypto. Noone is interested in holding paper money.XRP is going to implode. STR is going to implode. NEM is going to implode. DASH is going to implode. ETH is going to implode. And many others... The Altcoin bubble will collapse sending bitcoin < $4000 before the end of the year.
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ssmc2
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May 20, 2017, 10:08:07 PM |
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kwukduck
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May 20, 2017, 10:32:04 PM |
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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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1Referee
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May 20, 2017, 10:46:32 PM |
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Ah yes the strong fundamebtals we have now...
Fundamentals are strong, you're absolutely right! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Like the networks inability to process transactions in a reasonable time with reasonable fee.
Blame miners for choking the network with rubbish transactions to boost their fee income, and blame them directly too for not letting Segwit activate. Oh and those amazing privacy features that are non existent.
Bitcoin was never meant to provide any real anon features, so keep farting. Ahh yes and the upcoming hard fork.
It is and has always been a potential hard fork, and that's really it.
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w0lverine
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May 21, 2017, 01:14:45 AM |
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Very well observed. I wonder how the order books looked back then and now. Any support or resistance difference? How about volume?
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A free world that we are in control of. In the Bitcoin space since 2013. - bc1qjm0kpgleed7q2pjv9f4l4xs6vn86lkyqplhsl9 -
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The Sceptical Chymist
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May 21, 2017, 01:48:18 AM |
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Eh, I'm interested in holding paper money. It's true that bitcoin (currently) is offering a far greater return than cash money, but how long is it going to be before we get a huge correction? If you don't think this price rise has bubble-character, you're out of your mind. I'm hoping we go much higher, but rising too fast just historically isn't good. What goes up must come down--eventually.
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I Am Hero
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May 21, 2017, 02:05:01 AM |
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ah it doesn't matter how many times you tell them, they will continue to pour their money into the bubble altcoins and when the whales decided to dump the price they will run back crying.
some people just have to experience the bad stuff to learn.
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Buying Bitcoin like a Boss
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Herbert2020
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May 21, 2017, 05:12:27 AM |
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Very well observed. I wonder how the order books looked back then and now. Any support or resistance difference? How about volume?
everything points towards an altcoin pump. back then the orderbooks were nearly empty with occasional buy walls being placed at strategic prices to prevent hard crashes of the altcoin prices while the pumpers kept on accumulating. after they were done accumulating shitcoins then the spamvertising campaign started and the pump followed. the orderbooks changed and volume went up (as it always does during pumps). if you look at the charts they look ridiculous. the volume before the pumping month starts is practically nonexistent.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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cryptodontus
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May 21, 2017, 06:12:46 AM |
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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..
I don't think you understand what a "reasonable" fee really is. You are using the word reasonable like it means "insignificant", which is the type of fee you've become accustomed to paying. Have you tried sending money via Moneygram or Western Union lately (or ever)? Hard fork isn't going to happen. All in all, you've been taking the FUD pill. EDIT (im in newb mode): Should have noticed I was replying to kwuckduck, LMAO keep on quacking, I'll keep stacking
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raven7886
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May 21, 2017, 06:36:32 AM |
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Very well observed. I wonder how the order books looked back then and now.
By 2013, we had only one major exchange hence obviously there were different market behaviors. But now we are having exchanges spread every part of this world and we have government recognized exchanges too. But by considering number of traders then and now and spread of exchanges, I guess there will be no significant differences could be observed in terms of number of trades/volume in one particular exchange. Any support or resistance difference?
Support and resistance do follow market prices with 5% to 15% gap (support and resistance in down and up respectively). These are just physiological levels of traders hence actually not existing anywhere in markets. No significant value here.
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Denker
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May 21, 2017, 09:25:27 AM |
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Eh, I'm interested in holding paper money. It's true that bitcoin (currently) is offering a far greater return than cash money, but how long is it going to be before we get a huge correction? If you don't think this price rise has bubble-character, you're out of your mind. I'm hoping we go much higher, but rising too fast just historically isn't good. What goes up must come down--eventually.
Have you realized that Bitcoin constantly corrected on the way up to where we are now?! This is called healthy growth. Bitcoin was almost 2 years in a bear market and heavily undervalued when it reached the bottom around 160. What you're witnessing now is the long overdue upwards correction!! Bitcoin will correct downwards in a huge scale when it will enter the bubble phase!But we aren't there yet. Let it rise to 10k the next 4-6 months and then I agree we will see a major correction down to where we are now!
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talkbitcoin
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May 21, 2017, 09:28:40 AM |
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XRP is going to implode. STR is going to implode. NEM is going to implode. DASH is going to implode. ETH is going to implode. And many others...
The Altcoin bubble will collapse sending bitcoin < $4000 before the end of the year.
i doubt that these big coins implode. and that is the worst kind of dump that we can imagine. these are big and have attracted a lot of investors, many of them newbies. and whales are never idiots to cash out all at once and kill the coin right then and there. that is what they do with small coins. with bigger coins they will start their exit slowly, the price goes on a downward spiral but very slow. it dips then stops, people gain some hope, then it dips again, and same happens until price is crashed without any of the bag holders even noticing.
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Denker
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May 21, 2017, 09:33:44 AM |
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XRP is going to implode. STR is going to implode. NEM is going to implode. DASH is going to implode. ETH is going to implode. And many others...
The Altcoin bubble will collapse sending bitcoin < $4000 before the end of the year.
i doubt that these big coins implode. and that is the worst kind of dump that we can imagine. these are big and have attracted a lot of investors, many of them newbies. and whales are never idiots to cash out all at once and kill the coin right then and there. that is what they do with small coins. with bigger coins they will start their exit slowly, the price goes on a downward spiral but very slow. it dips then stops, people gain some hope, then it dips again, and same happens until price is crashed without any of the bag holders even noticing. You call these guys investors??? Really? I think the term gamblers fits much better. And I agree with op. Also these tier 1 shitcoins will see a massive correction. There are already lots of guys who are just waiting for the trend reversal to short that stuff heavily!
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d5000
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May 21, 2017, 07:50:58 PM |
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BITCOIN is not anywhere close to being a bubble. The price has barely even doubled the past 3 months. $1000 - $2000
The past 3 months are only the last "leg" of the current rally. The actual Bitcoin rally begun in late 2014, at $135, and price has increased about 15 times since then - isn't that spectacular? There was healthy growth until the halving overheating in mid-2016, then there came the first major correction, then it overheated again in late 2016, when the second correction came which was much sharper but lasted only a few weeks. According to the Elliot waves theory we are now in the last stage of the rally (wave 5). I agree with you that altcoins also are in a bubble and that their bubble will most likely pop before Bitcoin's bubble. I see two possible outcomes: - Bitcoin gets Segwit or another scaling solution relatively soon: Altcoins will lose over 50% (speculation-only coins over 80%) and Bitcoin goes to 3000-5000 USD with the capital that came from alts. - Bitcoin does not get Segwit (e.g. a failed BIP 148): Bitcoin can continue a bit more, but the bubble will pop most likely before $3000. Altcoins will stagnate and then both bubbles will pop at the same time.
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DrGuns4Hands
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May 21, 2017, 07:58:21 PM |
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We aren't there yet. The people who talk about this is just to alarm others with there investments. Maybe to aware them in there money. But as I was saying, we aren't there yet. It's just a speculation. This thing is to test people if they are going to hold or sell there bitcoin if bitcoin is a bubble.
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btcdevil
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May 21, 2017, 08:20:54 PM |
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Eh, I'm interested in holding paper money. It's true that bitcoin (currently) is offering a far greater return than cash money, but how long is it going to be before we get a huge correction? If you don't think this price rise has bubble-character, you're out of your mind. I'm hoping we go much higher, but rising too fast just historically isn't good. What goes up must come down--eventually.
What you are telling about the price going down it is correct but their wont be major correction because most of them are ready to buy back on correction. This price rise is due to the country starting to accept bitcoin as currency and started to implement bitcoin as legal in their country
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Junko
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May 22, 2017, 01:25:03 AM |
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In before Bubble Cycle Chart.
When we look back 10 - 20 years from now at the Bitcoin chart history, this rise to $2K will look like hardly a blip. There will be corrections along the way for sure, but yeah, bitcoin is not in a bubble.
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2017Bubble
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May 22, 2017, 01:37:11 AM |
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We need to kill ETH first.
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jubalix
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May 22, 2017, 02:35:05 AM |
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In before Bubble Cycle Chart.
When we look back 10 - 20 years from now at the Bitcoin chart history, this rise to $2K will look like hardly a blip. There will be corrections along the way for sure, but yeah, bitcoin is not in a bubble.
This exactly....critical mass has been achieved....its a forgone conclusion at this point....
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jubalix
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May 22, 2017, 02:37:12 AM |
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BITCOIN is not anywhere close to being a bubble. The price has barely even doubled the past 3 months. $1000 - $2000
The past 3 months are only the last "leg" of the current rally. The actual Bitcoin rally begun in late 2014, at $135, and price has increased about 15 times since then - isn't that spectacular? There was healthy growth until the halving overheating in mid-2016, then there came the first major correction, then it overheated again in late 2016, when the second correction came which was much sharper but lasted only a few weeks. According to the Elliot waves theory we are now in the last stage of the rally (wave 5). I agree with you that altcoins also are in a bubble and that their bubble will most likely pop before Bitcoin's bubble. I see two possible outcomes: - Bitcoin gets Segwit or another scaling solution relatively soon: Altcoins will lose over 50% (speculation-only coins over 80%) and Bitcoin goes to 3000-5000 USD with the capital that came from alts. - Bitcoin does not get Segwit (e.g. a failed BIP 148): Bitcoin can continue a bit more, but the bubble will pop most likely before $3000. Altcoins will stagnate and then both bubbles will pop at the same time. I am not so sure any conventional tradeing system analysis can apply to BTC tech. I see it as BTC is expanding into the existing money sphere, and there is nothing to stop it.
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