NiceSoft12 (OP)
|
|
December 22, 2017, 08:34:52 PM |
|
Bitcoin is entering a multi year bear market again.
Just compare this current crash to the crash of 2012/2013; they are like carbon copies of each other.
The previous bubble was predicated on several factors: Winklevoss ETF, technicals, and adoption, etc.
When the actual events came to fruition, BTC was in a bear market.
The Japanese exchanges are the new Chinese exchanges, which reached ATH before BFX, Stamp, etc, just like the Chinese exchanges did back in 2012/13.
A simple nonchalant bad news became the tipping point to the crash just like 2012 when a stupid "Chinese bans bank related btc transactions" news was the tipping point for the multi year bear market.
BTC is entering the same bear market again. No sane investor is going to adopt BTC for a long time to come, if ever.
This is the time to buy IF you want to wait potentially 10+ years for the next potential increase targeting >$200k, if that actually will come to fruition.
|
|
|
|
tatayoyo27
Newbie
Offline
Activity: 18
Merit: 0
|
|
December 22, 2017, 08:42:07 PM |
|
omg -30 % from top when it take less than a month to double, yeah bear market for 10 year lol. Only holders wins, people don't get that yet, when they will there will be no limit, money can go to 0 yes, even the dollar or euro, so how much will be a bitcoin ?
|
|
|
|
NiceSoft12 (OP)
|
|
December 22, 2017, 08:45:38 PM |
|
It's a carbon copy of 2012/13.
2012/13:
Good news: Winklevoss ETF, btc funds arising, publicity
Price: $100 - $1200
Bad News: China regulates BTC related bank tx, just a tipping point
Price: $1200 to $100
MTGOX closes for good, multi year bear market.
2017/18:
Good News: CME, BTC Derivatives market entering Wall Street
Price: $500 - $20,000
Bad News: South Korea Hacked, China bans BTC, so all the Chinese BTC cannot be sold.... which will eventually be laundered to new exchanges to be redeemed.
Price: $20,000 to $10,000 (thus far)
BFX might close down for good.
It's a carbon copy of 2012/13....
|
|
|
|
Yakamoto
Legendary
Offline
Activity: 1218
Merit: 1007
|
|
December 22, 2017, 08:48:16 PM |
|
omg -30 % from top when it take less than a month to double, yeah bear market for 10 year lol. Only holders wins, people don't get that yet, when they will there will be no limit, money can go to 0 yes, even the dollar or euro, so how much will be a bitcoin ?
You'd be seeing Bitcoin got to 0 before you'd see a lot of the national currencies collapsing in on themselves, at least at a point where people won't be able to swap their currencies so that their value is preserved. A lot of the rise was based on hype from people and FOMO, resulting in a dramatically inflated demand for an artificially reduced supply. Bitcoin would not be trading near $14k today if the market behaved normally; that is holders didn't make the market scarce and forced the price higher. This is the result of doing something like that, and it should be a good lesson for everyone as to what happens when there is a bubble of such severe magnitudes.
|
|
|
|
Murloc
|
|
December 22, 2017, 08:49:47 PM |
|
Imho the BTC frenzy is still not over. A lot of people are still crazy about cryptocurrencies and and it still take too much space in media. But I'm generaly aggree with you and I'm sure that the 2012/2013 will happen, but probably a bit later in the upcoming year. -30% is still not that a big loss, when it happens it will be even bigger (meybe we will come back to 1.8k).
|
|
|
|
stompix
Legendary
Offline
Activity: 3024
Merit: 6586
Leading Crypto Sports Betting & Casino Platform
|
|
December 22, 2017, 08:50:45 PM |
|
Carbon copy means perfect copy. Not the case here.
First, the rally in 2013 went for a few months. The current one is hitting a year. The 2013 events followed a huge drop in the closure of SR, bitcoin went down to 90 before that, this rally follows a bear market of almost 3 years.
The 2013 events were triggered by MtGox and the Chinese exchanges, MK admitting (finally) the existence of the willy bot. Again, during 2013 we never went down how we did last months it was a continuous run, this time we see price corrections almost monthly.
The 2013 run was built mostly on speculation, this time we have adoption, we have legal documents acknowledging BTC not just Chinese rumors. And probably the most important thing, China "banning" bitcoin had nowhere near the effect it had 4 years ago.
Similarities .. yeah, if you really try, but carbon copy? No!
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
negamus
|
|
December 22, 2017, 09:00:36 PM |
|
No, if we compare the prices, bitcoin was at $1200 when it crashed. Now it needs to get to $5000 to reach the same value that the last crash did. So if it reaches $5000, this crash would be as the same size than the other one. And no, it is not the same, or at least, it is not equal.
|
|
|
|
Jashhh
Newbie
Offline
Activity: 129
Merit: 0
|
|
December 22, 2017, 09:30:50 PM |
|
It's a carbon copy of 2012/13.
Also in late 2013 and also in 2014. Just look at the graph or the historical data. The total value of one bitcoin was lower, but the drop in percentages was also similar. Sometimes stretched over a slightly longer period. This is why and how people earn money from this. Because it keeps dropping and rising again by so much. Have we still not learned how this works?
|
|
|
|
Davinus
|
|
December 22, 2017, 09:34:31 PM |
|
Nah, you are saying that the price will crash by more than 80% but that is not possible. And in fact, the price is recovering right now, it is over $14500 and it seems that it will keep going up for a while It was just a dip for taking advantage of it, the big whales wanted to make profit and then re-enter the market at a low price
|
|
|
|
LeGaulois
Copper Member
Legendary
Offline
Activity: 2940
Merit: 4101
Top Crypto Casino
|
|
December 22, 2017, 10:34:34 PM |
|
I think we need to consider another point of view. 30 days ago Bitcoin's value was $10,000 and today is $14,000.
A difference of 40% in just a month. So what? It's still an amazing growth. What about in January when it was at $1,0000 people were saying Bitcoin is expensive or Bitcoin is dead, now today $140000.
There is no reason to "complaint" when you see it as a long term.
|
|
|
|
charlie137
Full Member
Offline
Activity: 1204
Merit: 220
(ノಠ益ಠ)ノ
|
|
December 22, 2017, 10:42:38 PM |
|
where's the crash though? more dramatic jumps the other month nobody called a crash
|
/__ ___ ( / \\--`-'-|`---\\ | AXErunners |' _/ ` __/ / '._ W ,--' |_:_._/
|
|
|
scottykarate
Member
Offline
Activity: 70
Merit: 10
|
|
December 22, 2017, 10:57:49 PM |
|
It's a carbon copy of 2012/13.
Also in late 2013 and also in 2014. Just look at the graph or the historical data. The total value of one bitcoin was lower, but the drop in percentages was also similar. Sometimes stretched over a slightly longer period. This is why and how people earn money from this. Because it keeps dropping and rising again by so much. Have we still not learned how this works? I think many still know how it works. I think the media has really helped create this last drop and that is why it isn't as similar to 2012/2013 as the OP suggests in my opinion. This is happening in front of many more people so it magnifies the impact quite a bit and created more loss versus what would have happened in the past. I actually think this will be good for BTC because it will shrug off yet another panic sale and rebound. Coinbase hit $10,400 today which is the range the fibonacci apparently showed it hitting. The $10k barrier had people so worried because of the psychological impact of 5 digit "value" that people predicted a lot of profit being taken then. I
|
|
|
|
fenican
|
|
December 22, 2017, 11:04:21 PM |
|
Well that crash lasted about half a day -- back up to $15,400 per BTC.
|
|
|
|
bitart
|
|
December 22, 2017, 11:36:30 PM |
|
Bitcoin price is like a roller coaster, it's going up and down. You can choose 2 ways if you want to make profit on the long run: 1. Buying in and holding for at least a year and don't check the prices just monthly or so. This will help you to do your everyday life while your investment grows (hopefully, this is the easy way) 2. Buying and start to daytrade and make some profit on the volatility that's over 10% intraday, but this needs luck and a bit of knowledge (the hard way) If you buy and you don't want to daytrade but you still check the prices twice or more daily, you just cause yourself hard time with no real result.
|
|
|
|
uszaty43
|
|
December 22, 2017, 11:47:54 PM |
|
A multi year bear market? What the fuck are you saying? Are you at least re reading your posts once that you submited them? This current crash can not even be compared with the one from 2013, have you even been in bitcoin when it did happened? Because most people who are always saying "yes, that crash was a chaos" have been introduced in bitcoin later on 2015 - 2016. Bitcoin is entering a multi year bear market again. Just compare this current crash to the crash of 2012/2013; they are like carbon copies of each other.
I am doing it so, there is a chart in tradingview, take a look in there and you will see how wrong you are with your actual accussations. Just compare this current crash to the crash of 2012/2013; they are like carbon copies of each other.
Japaneses are crap, and we all know that, they are manipulating the whole market by doing whatever they want, manipulation in it's maximum expresion, specially the mining pools. The Japanese exchanges are the new Chinese exchanges, which reached ATH before BFX, Stamp, etc, just like the Chinese exchanges did back in 2012/13.
|
|
|
|
Fire Rabbit
Legendary
Offline
Activity: 1267
Merit: 1000
BabelFish - FISH Token Sale at Sovryn
|
|
December 22, 2017, 11:58:11 PM |
|
Don't consider what happened today as crash. I consider it as just a correction and definitely it will bounce back setting new records. This is what always happens and definitely it will happen again. I know that now there are few problems in the bitcoin network like high transaction fee and many unconfirmed transactions etc but definitely it will get solved in the very near future when the lightningnetwork is implemented.
|
|
|
|
NiceSoft12 (OP)
|
|
December 23, 2017, 12:13:19 AM |
|
Another similarity between this crash (it's not finished yet, you'll see) and 2013 crash, are the bulls that are in denial. Just like the bears that are in denial during the bull run, making FUD after FUD, the bulls are doing the same thing now.
|
|
|
|
NiceSoft12 (OP)
|
|
December 26, 2017, 07:38:05 AM Last edit: December 30, 2017, 02:18:31 PM by NiceSoft12 |
|
|
|
|
|
snowdropfore
|
|
December 26, 2017, 07:43:43 AM |
|
a bear market ?? so what ,i will not sell my bitcoins anyway ,because bitcoins will moving up eventally.i do not care about how many years .bitcoins is in a long term bull market ,every correction is a buying chance。
|
|
|
|
KillyGon
|
|
December 26, 2017, 10:09:00 AM |
|
bitcoin price not crash but only corection price and today bitcoin price incraese again, problem difference with 2012/13
|
|
|
|
|