Is the bubble bursting?

[cioloxl]

Bitcoin has fallen in price, as it has problems with slowness and transaction hanging and the high cost of commission fees. Therefore, he decently lost in his popularity, investors do not want to invest more in him. On the other hand, so far with such a cost of ten thousand dollars can not be said that bitcoin has become a big bubble and this bubble is already bursting right. This is fiction. Bitcoin is able to swell in its bubble and up to one hundred thousand dollars and it is unlikely to burst. And at a price of ten thousand, neither about a bubble is out of the question.

Not the case anymore. Fees have fallen through the roof, you can get into the next block with less than 5 bucks now. The fall in price is tied with the tether fud mostly. Sad to see the markets so affected by something relatively meaningless. The news about the subpoena is 2 months old, if I'm not mistaken.

[1715163357]

1715163357

[Washball]

Today's FUD is fed by the latest news of exchanges being hacked or robbed, old rumours about tether being spread once more and some merchants ending bitcoin as payment. All this comes at the same time with a purpose: bringing bitcoin down.

[Hazir]

Today's FUD is fed by the latest news of exchanges being hacked or robbed, old rumours about tether being spread once more and some merchants ending bitcoin as payment. All this comes at the same time with a purpose: bringing bitcoin down.

And don't you think that lies or rumours repeated many times over and over again will have a negative effect on bitcoin?
People are not sure anymore about future when all they hear all the time is news that 'bubble is about to burst'.
I've been around with Bitcoin for many years now - but I seriously think of selling my coins and stop worrying about it once and for all.

[nthnode404]

Bitcoin is not in a crash. It always goes into a correction and corrects higher. History has proven itself over and over since Bitcoin came out in 2010. Within 8 years, it went from less than one cent to to around $20k. Also, people were saying Bitcoin was a scam ever since it came on the scene, but it's still here and growing.

[Tipestry]

I've been following Bitcoin for a few years now and this happens pretty regularly every 3-6 months. Some seemingly catastrophic news that makes a lot of people predict this is the demise of Bitcoin but every time so far it rebounds and then usually reaches a new all time high.

[Jating]

This bubble has been bursting since the last couple of years. They even says that bitcoin is already dead. But guess what, bitcoin is still alive and will remain, unlike those dotcom bubbles that really didn't recover AFAIK. This is just another test that bitcoin will overcome. We have seen this kind of bearish market every year and always rebounded the following month.

There's this FUD about the US regulators subpoena Bitfinex and Tether. When everything settles down, I'm sure that bitcoin will recovered and another positive reversal is in the horizon.

[Vektrum]

Diagrams do not mean anything. Bitcoin, with its current cost of $ 10,000, is not a financial bubble, and therefore it can not burst. The bitcoin can inflate in its bubble and up to one hundred thousand dollars and will not burst at the same time, since it has a large margin of safety.

[Altero]

Diagrams do not mean anything. Bitcoin, with its current cost of $ 10,000, is not a financial bubble, and therefore it can not burst. The bitcoin can inflate in its bubble and up to one hundred thousand dollars and will not burst at the same time, since it has a large margin of safety.

Even though bitcoin become a bubble and then burst doesn't mean that would be the end.  It is definetely  NO! We should not be worry for this, bitcoin still be alive together with altcoins. Bitcoin bringing crypto world into becoming popular worldwide and when it is still alive, bitcoin will still be in their position, it matters only their price.

[globe-biz]

It is not a bubble it is a correction this is normal when the price shoots up 2000% in a year

[Salicorne]

No the bubble is not bursting since there is no bubble. We had something like that last week and what happened ? We bounced back to 12 000 dollars !

[iwishicouldfly]

This bubble has been bursting since the last couple of years. They even says that bitcoin is already dead. But guess what, bitcoin is still alive and will remain, unlike those dotcom bubbles that really didn't recover AFAIK. This is just another test that bitcoin will overcome. We have seen this kind of bearish market every year and always rebounded the following month.

There's this FUD about the US regulators subpoena Bitfinex and Tether. When everything settles down, I'm sure that bitcoin will recovered and another positive reversal is in the horizon.

Dude, the internet is huge now,  of course the .com bubble recovered but countless people lost massive amounts of money.  Just because people have been wrong in the past doesn't mean it's not a bubble.  Who knows but it has all the usual characteristics and warning signs associated with being a bubble.

[CyberKuro]

i dont think bubble bursting.why you are thinking??bitcoin is in correction mode and its not bubble.

Corrected from $20,000 to $10,000 considered as bubble get bursting, even though it just a half.
a half? For big investors, it's ridiculous as they have lost 50% of their investment in 1-2 months.
Most people who entered the market when bitcoin reach the ATH feels the same thing. If bitcoin price suddenly increases significantly within a few days (again) surely it will fall faster than the rise.

[BrandeXMRLOVER]

This is not a bubble bursting...

[eagleman]

Is the bubble bursting?
If you look at the btc charts it looks like a huge bubble that is bursting right now.

Bubble, bubble, bubble....... Okay come on the bubble has bursted, so what? Many are keep on describing bitcoin as a bubble and if you think that it has bursted then its a good time to buy right? But one thing, stock market is a bubble, fiat is a bubble and everything is a bubble, what will be the next bubble huh?

[iRewa]

It keeps falling right now its 9500, look at the charts zoomed out.

[Xardasim]

It keeps falling right now its 9500, look at the charts zoomed out.

Please don't spread false information among biggest bitcoin forum members. When you zoom out the charts you see the whole picture with checking the view out of box. So the zoomed out version is not main source of this conclusion but you are right on some points. 9500$ is not support level for long term.

[Palmerson]

I have one advice for such alarmists. Sell your few thousand Satoshi and don't spam the forum panic posts. Now bitcoin will be cleared from random people and the price will go up. Like OP will start to pollute the forum with posts about how good bitcoin and how to earn it.

[bucciarati]

this is cross fire from media and institutions to try to stop the revolution of cryptocurrencies (not only bitcoin), it is getting fiercer because they now understand that the world is going to change and they struggle to not beign wiped out
i think the financial world will be very very different then today in the next decade, lot of banks will be hitted hard because of the mix between low/negative interest and luck of trust from individuals

[dmamigo]

One can term it as a bubble burst, I would also say its similar to it. But bubble bursting would be like completely going to minimal value. That is hard, still hard to happen for now. Terming it as a crash would be far better and the right one. People is basically commenting and kind off creating fear which is creating the deadly fall.

[nthnode404]

Technically, a bubble bursting is the bubble blows up completely and becomes totally useless. Cryptos have only deflated temporarily. Just wait and see, once Chinese New Year is over, this "bubble" is going to balloon to the moon!