Trend reversal looks confirmed.

[kwukduck]

How low will we go? Will we see early 2017 prices before the end of the year? Very likely. Will Bitcoin Cash finally take its rightful place at the throne? Good possibility, prepare your orders.

[realsteelboy]

How low will we go? Will we see early 2017 prices before the end of the year? Very likely. Will Bitcoin Cash finally take its rightful place at the throne? Good possibility, prepare your orders.

chuckle

[Wind_FURY]

Yes! kwukduck is back with on of his "Bitcoin will crash" predictions.

As an experiment, mark the date he made the thread and observe where Bitcoin's price is a few weeks later. You will be surprised at how accurate he is in predicting the opposite. Hahaha.

Trading tip. If kwukducks says sell, you buy. If he says buy, you sell.

[davis196]

Yes! kwukduck is back with on of his "Bitcoin will crash" predictions.

As an experiment, mark the date he made this thread and observe where Bitcoin's price is a few weeks later. You will be surprised at how accurate he is in predicting the opposite. Hahaha.

Trading tip. If kwukducks says sell, you buy. If he says buy, you sell.

You are wrong.If he says sell,you HODL.It`s not the best time to buy bitcoins,i`m still waiting for a price correction.Anyway,his predictions about Bitcoin cash being the new crypto "king" are most likely a joke.
The only real competitor of bitcoin is ethereum.Perhaps in the future a new cryptocurrency might replace btc,ethereum and all the other altcoins.I`m trying to invent it.

[benmartin613]

Will Bitcoin Cash finally take its rightful place at the throne?

You must be a bitcoin cash lover, well its not gonna happen.

How low will we go?

To early to tell but there will be some sort of price drop that is going to happen.

Will we see early 2017 prices before the end of the year?

Nope, it wont go back to that price since there is no big event that occurred to go back to its early stage price of 2017.

[DaMut]

well i am not really sure about your so called 'reversal' thing,
plus you're saying about an early 2017ish price that will happen with it in the future ?
can you tell me why? what is the reason behind that thing ?
even if right now Bitcoin is overbought,but it does not mean when the correction happen in the future the price will be goes down to level when we're in january.
it's ridiculous in my opinion to see it,
everyday the demand keep increasing which mean the price will be move to a higher level not to back to its own place.
who want to mine it if every Bitcoin only cost around $700 or around that while the expenses double from that point.
also what is the relation with Reversal trend and Bitcoin Cash ?
seriously,i do not think it's make any sense at all.

[Pursuer]

Yes! kwukduck is back with on of his "Bitcoin will crash" predictions.

As an experiment, mark the date he made this thread and observe where Bitcoin's price is a few weeks later. You will be surprised at how accurate he is in predicting the opposite. Hahaha.

Trading tip. If kwukducks says sell, you buy. If he says buy, you sell.

You are wrong.If he says sell,you HODL.It`s not the best time to buy bitcoins,i`m still waiting for a price correction.Anyway,his predictions about Bitcoin cash being the new crypto "king" are most likely a joke.
The only real competitor of bitcoin is ethereum.Perhaps in the future a new cryptocurrency might replace btc,ethereum and all the other altcoins.I`m trying to invent it.

I think now everyone knows that ethereum is not even capable of handling a simple small amount of transactions. you can see that happening each time there is an ICO or something like this new game on the blockchain called cryptokitties.
how do you expect something that is even worse than bitcoin be able to compete with it?

[iram1011]

How low will we go? Will we see early 2017 prices before the end of the year? Very likely. Will Bitcoin Cash finally take its rightful place at the throne? Good possibility, prepare your orders.

Usually an asset go for a long suppression state after such a massive rally. Unless, it's being widely adopted and scarce like btc. If you study bitcoin charts, all the indicators are showing more appreciation instead of any impending dump.

Regarding BCC. Definitely bcc is good tech wise than btc.
But still there are lot of alts which can outshine any btc fork on tech. A flippening will take place definitely, but it won't be any of bitcoin forked coin.

[Lancusters]

Now there is still the problem of speed confirm bitcoin transaction. It's a little slow development. Next year I am sure that this problem will be solved. Bitcoin will have the opportunity to apply to trade and this will make it more popular. I do not believe that bitcoin will fall. Bitcoin is just starting his life.

[talkbitcoin]

i think this was the longest time ever that kwukduck stayed silent because this rally was a very long one which meant kwukduck had nothing to say. but now that rally stopped and the correction finally started, he has open mouth to speak the same FUD about bitcoin which was supposed to crash to $10 soon for years

[Panda Trump]

How low will we go? Will we see early 2017 prices before the end of the year? Very likely. Will Bitcoin Cash finally take its rightful place at the throne? Good possibility, prepare your orders.

We're going down a bit, indeed, but it's not gonna drop down to "Early 2017" levels just yet. That'd mean it would drop to $800. That's just not gonna happen, as it got way too much support for something like that to happen.
And even if it did, BCH isn't much better. If BTC falls, BCH falls with it. BTC is accepted at a lot of places and many more stores are will start accepting it soon too. BCH? Nope.

I feel like we're dropping a couple thousand before starting the uprise again. Bitcoin isn't a bubble. It's a balloon. And us investors are a bunch of kids playing with the balloon, making it go red, turn green & everything in between.

That balloon will explode, but let's profit from it until then.

[Ultros]

Feel free to buy while this things is sinking.

I've transfered all my Bitcoin Core to the exchange to sell 35 hours ago with max fee in GUI. Still waiting to get confirmed.
Bitcoin network is basically dead already.

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

This has to be the biggest bull trap so far.
Just grab some popcorn and coke and watch the price crash through the floor within a few weeks running up to the November hard fork (aka bitcoin network collapse).

Don't worry, there will be no bounce.
This crash will keep on going on and on.
Don't forget that this was just a small ban, bigger nation wide bans will follow, other countries will follow, the November hard fork will follow.

Sorry to burst your bubble but there won't be a dip.
There will just be endless decline as bitcoin is being rapidly overtaken by superior technology.

Oh look at that -25% and the day isn't even over yet. Oh all the i-told-you-so's....

My prediction is we will see dump after dump after dump until we reach around 700-900 levels.
We've already seen two big dumps today. More to come.

Don't worry. You'll soon be able to sell under $1000.
We still don't have working fundamentals.
Bitcoin still doesn't scale to anywhere near the size needed to support this value.
Bitcoin doesn't offer any useable privacy.
A hardfork is very likely and will create absolute havoc within the btc economy.

What we have here is a bubble about to pop very hard.

Congratulations. You got scammed out of your real money once again by the pump and dumpers.
After hundreds of warnings I can only laugh.
The apparent strong uptrend completely got shattered again and we can expect prices to drop down to 300-320 before stabilizing slightly.
Just warning you guys again.
THERE IS NO UPTREND UNTIL THE PROTOCOL GETS FIXED.

-25% in 48 hours. No investment other than bitcoin will get rid of your money this fast!

With Mike Hearns revelation to the public the collapse has only started.
In the coming weeks more dirt will be revealed and the price can easily go down another 50-75%.
Remember Mikes blog is only now starting to gain attention. This is a small thing compared to what's coming.

Once again, my predictions were correct.
We have about 24 hours before we see $170.
Probably have some bouncing back and forth there, but it will stay under $200, never to be seen again.
Then we will see a 1-3 week gradual decline towards the double digits and we expect a big (~70%) crash again after we reach the $80-$100 range.

Orderbooks make me cry, only roughly 30k btc to be dumped before we reach $0.
The teams that are manipulating the price have A LOT more to play with.

Bitcoin could theoretically recover, but only after it has been completely floored to have no value and when the dev team starts to work on making bitcoin competitive, fast, safe and secure again.

It never gets old. I've been there since 2013 and it's still hilarious. Thanks kwukduck for your perseverance.

[DeathAngel]

How low will we go? Will we see early 2017 prices before the end of the year? Very likely. Will Bitcoin Cash finally take its rightful place at the throne? Good possibility, prepare your orders.

This guy is unbelieveable, fair play for persistence though
Absolute troll, been doing it for years, utterly cringeworthy.

Edit - Post above me, thanks for bringing back all his hilarious posts

[Mister1k]

Yes! kwukduck is back with on of his "Bitcoin will crash" predictions.

As an experiment, mark the date he made this thread and observe where Bitcoin's price is a few weeks later. You will be surprised at how accurate he is in predicting the opposite. Hahaha.

Trading tip. If kwukducks says sell, you buy. If he says buy, you sell.

We all know that this month price bump trend is abnormal and everyone thinks that we will find the definite dump back soon. Since we find the bump in the end of every year. As like that till this month end bump will bypass enormously.
Since bitcoin is decentralized currency we will not be able to apply the general economical thumb rule on btc. Now price today dumped little. I hope that would be stable for some months.

[Wind_FURY]

Yes! kwukduck is back with on of his "Bitcoin will crash" predictions.

As an experiment, mark the date he made this thread and observe where Bitcoin's price is a few weeks later. You will be surprised at how accurate he is in predicting the opposite. Hahaha.

Trading tip. If kwukducks says sell, you buy. If he says buy, you sell.

You are wrong.If he says sell,you HODL.It`s not the best time to buy bitcoins,i`m still waiting for a price correction.Anyway,his predictions about Bitcoin cash being the new crypto "king" are most likely a joke.
The only real competitor of bitcoin is ethereum.Perhaps in the future a new cryptocurrency might replace btc,ethereum and all the other altcoins.I`m trying to invent it.

No when he says "sell" it is another signal to "buy the dip". The price is now currently on $13,000 to $13,800 depending on what exchange you use. Mark that, then watch Bitcoin move higher and higher once a new bottom is reached after a few days.

He is good at guessing the right time to buy even though he is telling us the opposite. Hahaha.

[wowanstrong]

How low will we go? Will we see early 2017 prices before the end of the year? Very likely. Will Bitcoin Cash finally take its rightful place at the throne? Good possibility, prepare your orders.

As at the beginning of the year this is very unlikely, the price can not simply fall to the level of 0. This requires special reasons, which are not yet observed. But to burst and fall halfway it's quiet.

[X-ray]

Yes! kwukduck is back with on of his "Bitcoin will crash" predictions.

As an experiment, mark the date he made this thread and observe where Bitcoin's price is a few weeks later. You will be surprised at how accurate he is in predicting the opposite. Hahaha.

Trading tip. If kwukducks says sell, you buy. If he says buy, you sell.

You are wrong.If he says sell,you HODL.It`s not the best time to buy bitcoins,i`m still waiting for a price correction.Anyway,his predictions about Bitcoin cash being the new crypto "king" are most likely a joke.
The only real competitor of bitcoin is ethereum.Perhaps in the future a new cryptocurrency might replace btc,ethereum and all the other altcoins.I`m trying to invent it.

No when he says "sell" it is another signal to "buy the dip". The price is now currently on $13,000 to $13,800 depending on what exchange you use. Mark that, then watch Bitcoin move higher and higher once a new bottom is reached after a few days.

He is good at guessing the right time to buy even though he is telling us the opposite. Hahaha.

There will be another jump i suppose. how the bitcoin goes to the bottom and then it's try to reach another ATH in the future, But looks this crash to answer about how fast the bitcoin pump. The flash crash is just a rule if the bitcoin goes to the moon caused by flash jump. I ve putted another order to buy the more bitcoin as much as i can.
Hope that will be jumping back later.

[romani245]

It's not confirmed until a) we break the log uptrend, which is approaching $7,500 right now. Or b) we print a reversal pattern on at least the weekly (if not monthly) chart. After all, this bull market has been going for 1.5 years now. There's no point in trying to repeatedly call the top. It'll be obvious after the fact. Then we can start trading the downtrend.

[HasHe]

How low will we go? Will we see early 2017 prices before the end of the year? Very likely. Will Bitcoin Cash finally take its rightful place at the throne? Good possibility, prepare your orders.

Welcome mr.kwukduck again to criticize bitcoin.I know very well that you would have spent this week very hard since bitcoin price reached ATH.Its hard for the early 2017 situation to return since the bmarket situation is completely different now with CME,CBOE and other wall street companies entering the market.I hope that your dream would just remain a dream forever.Good luck for more dreams about bitcoin cash.

[TERA2]

In previous bubbles, it was always the 1D MACD going down. However this one started off so slow that that rule was broken, so I guess it has to be the 3D, or the 1W?