Bitcoin's bubble is going to be corrected - Update #3

[whitefish]

BLOODBATH!

[rainangel7]

97% of the top 100 coins are red 

[Alterer]

I don't understand one thing: For a while BCH is promoted as rival of Bitcoin; but all I see is when Bitcoin drops, BCH also drops. When I remember Roger Ver's announcements and all shit news...It just doesn't make sense. Theoretically when Bitcoin drops, BCH shall rise; but it's not happening.
Or is there any altcoin that keeps rising as bitcoin drops?

[michellee]

although the price now is in the red zone, I still have coins that give a good sign so I can sell it to make a profit. I think not all of the altcoin is down because if you see in many exchanges, there still any altcoin that is in the green zone so we could still trade and try to make a profit. but I realize that we need to research with carefully so we don't get stuck after we buy the coin and don't too greedy when we want to take a profit.

[lizardbtc]

although the price now is in the red zone, I still have coins that give a good sign so I can sell it to make a profit. I think not all of the altcoin is down because if you see in many exchanges, there still any altcoin that is in the green zone so we could still trade and try to make a profit. but I realize that we need to research with carefully so we don't get stuck after we buy the coin and don't too greedy when we want to take a profit.

I mean it wouldn't surptise me if it went down till like 7-8k per bitcoin, anything lower is just sign that we succesfully created big bubble. I say this because its just went up to fast within 1 month causing many people to enter and specualte about the value - LN/SegWit is not ready yet to be used widley so tbh price like 20$k we've seen was pure speculation because it is not usable to be able to grow that much.

Above all alts follow BTC price everytime, quick reminder check the prices of alts depending on BTC value since when BTC go down some alts are in red compared to FIAT but they are maybe gaining on BTCs value/ or are somewhat staying stable.

[775011934]

yes, but who know where is the top point? no one know,!

[Sheckley]

There starts to be blood in the streets, but not enough. I am afraid desperation will increase in the following days. I also expect a bounce after the fall.

[vaughn125]

What's missing from the graphs? The grand correction is coming soon.

Cannot even argue with that. It has happened so many times in the past. And is quite frightening for other people who have invested a lot of money into bitcoin. But the real question here is, how big will the grand correction be? And how much will lots of investors lose because of it? Surely, a lot will cry when this happens since a lot of dumb greedy people have invested in it when it's price was increasing drastically and don't know when to take profits because of greed. But clearly. It will also be a feast for a l lot of people who still haven't invested into Bitcoins.

Just really have to wait and see what happens a few weeks or months from now.

[mharz]

Bitcoin price is becoming bubble, because after too much increasing of bitcoin in the market it was pop up now anf started to falling down. But don't panic mates because it was strategy of bitcoin to invest more in bitcoin industry.

I guess they pull down the price of bitcoin in crypto community to encourage more capitalist. Because if that is happen in return value of bitcoin will increase more in the future.

[JeBro]

Correction in bitcoin is long overdue. The way it was pushed upwards testified that this is artificial growth.
This was done specifically to shorten the BTC after entering the stock exchanges.
In my opinion, after falling to the level of $10,000, maybe $9,000, bitcoin  starts to rise again to even higher figures.

[geo43]

Bitcoin does crash at least once per quarter. See chart here.

[qiwoman2]

This is a huge correction now and the problem is all the new money that came into Crypto and all the people that bought on the way up who are new to this will now not only lose their shirts but total confidence in the altcoin markets and in Bitcoin, so you will not only see the regular whales and profit takes take their profits, you will see a ton of newcomers come and then leave because they will have lost all their investments. I think if we go down to under 10k USD for Bitcoin you can all kiss good bye the ALTCOIN SPRING OF 2018. No more new people will want to come in and join this revolution when you got a 50% correction in one day. Mainstream investors can't take this kind of volatility, so the market will just be left for the big sharks and whales.

[Despacito]

This is a huge correction now and the problem is all the new money that came into Crypto and all the people that bought on the way up who are new to this will now not only lose their shirts but total confidence in the altcoin markets and in Bitcoin, so you will not only see the regular whales and profit takes take their profits, you will see a ton of newcomers come and then leave because they will have lost all their investments. I think if we go down to under 10k USD for Bitcoin you can all kiss good bye the ALTCOIN SPRING OF 2018. No more new people will want to come in and join this revolution when you got a 50% correction in one day. Mainstream investors can't take this kind of volatility, so the market will just be left for the big sharks and whales.

I totally agree with this, but I also believe that one person can see this as a buy opportunity. We know price can't go up all the time withour corrections. Newcomers came here for profit surely but making profit in the markets is not a continuous thing.

[Lancusters]

Correction in bitcoin is long overdue. The way it was pushed upwards testified that this is artificial growth.
This was done specifically to shorten the BTC after entering the stock exchanges.
In my opinion, after falling to the level of $10,000, maybe $9,000, bitcoin  starts to rise again to even higher figures.

No correction is not overdue. This is nonsense. We see the usual speculative transaction for the purchase of coins. The price is very quickly restored. Now all the whales and exchanges to buy coins at a low price. This will increase the capitalization of bitcoin. Everyone who is panicked very much regret it. Bitcoin recover until January.

[madarkieus]

Correction in bitcoin is long overdue. The way it was pushed upwards testified that this is artificial growth.
This was done specifically to shorten the BTC after entering the stock exchanges.
In my opinion, after falling to the level of $10,000, maybe $9,000, bitcoin  starts to rise again to even higher figures.

No correction is not overdue. This is nonsense. We see the usual speculative transaction for the purchase of coins. The price is very quickly restored. Now all the whales and exchanges to buy coins at a low price. This will increase the capitalization of bitcoin. Everyone who is panicked very much regret it. Bitcoin recover until January.

Yeah, last dips with > 30% loss had all an ATH coming not that late afterwards. Wouldn't be surprised to see a new one in January.

For me I couldn't care less, I still think we will have incredible losses every year. BUT I think it is probably your best chance to make a fortune in the next 10 years. Buy the dips and do a little cost average.

[cryptoux]

The people behind this crash is roger ver and his chinese friends,they plan to attack BTC futures to deny the wallstreet's money from coming in.

[StephenieDuong]

This bubble blow off too fast, i take more than 3 months to raise the price and 1-2 day destroy everything. But i think dont sell anything now, the price will get back soon, 

[cryptodagger]

The bubble burst started,hope few days from now the price will start to catch up.

[yluna88]

BCH price spike recently was due to it being listed for trading on Coinbase, among other things. That was on Tuesday. But very soon after that its trade was halted as Coinbase suspected its staff of being involved in insider dealings. Apparently BCH was being traded at very high price on other exchanges, and at one exchange it was traded at $9,000 at one point. Investigation is going on. This is in the news.

I don't understand one thing: For a while BCH is promoted as rival of Bitcoin; but all I see is when Bitcoin drops, BCH also drops. When I remember Roger Ver's announcements and all shit news...It just doesn't make sense. Theoretically when Bitcoin drops, BCH shall rise; but it's not happening.
Or is there any altcoin that keeps rising as bitcoin drops?

[lolchina]

This is a correction not a bublle bursting,yes we did went to great highs without any reall reason for it or coverage behind it and thats why are we seeing corection.Bursting is happening when trust is lost and all hopes are gone wich isnt the case with crypto atm this are just weak hands