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Question: Is the bubble bursting??
Yes, it will go below $1k - 10 (34.5%)
No, it will rise again - 19 (65.5%)
Total Voters: 29

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Author Topic: [POLL] Is the bubble bursting??  (Read 360 times)
iRewa (OP)
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February 05, 2018, 07:19:04 PM
 #1

The bitcoin chart looks like a gaint bubble that is bursting.
https://coinmarketcap.com/currencies/bitcoin/

Do you guys think the market will rebounce or will btc face $1k.
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February 05, 2018, 08:56:35 PM
 #2

It seems to me that bitcoin is unlikely to drop as much as $ 1,000 in its value. I think that its lowest price threshold can be $ 5,000. However, to fully grow, bitcoin needs to eliminate its shortcomings. Without this, it is unlikely that he will be able to regain his former popularity. After such a deep fall, many will be wary of him, which, in principle, should generally have a positive effect on the development of the entire country's crypto currency.

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HitbtcSCAM
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February 05, 2018, 09:00:55 PM
Merited by 8Habits (1)
 #3

What Bubble?

Bitcoin was 5500 in october 2017 an now 4 months later it is 7300.You call that a crisis or some bubble it is up 40% in 4 months.Wallstreet can not do that , ever!
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February 05, 2018, 09:04:46 PM
 #4

What Bubble?

Bitcoin was 5500 in october 2017 an now 4 months later it is 7300.You call that a crisis or some bubble it is up 40% in 4 months.Wallstreet can not do that , ever!

Bitcoin was also almost 21.000 dollars in December 2017 so now it is down at 7300. It is a bubble bursting at full speed and I think we need to wait until the end of March , the usual period when bitcoin starts to grow up in price. Now is a golden opportunity to buy bitcoin because you can make a lot of profit it if you buy it this low.

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February 05, 2018, 09:12:08 PM
 #5

Yes but bitcoin is not a bubble, it spiked up higher with the price because it is so good and powerful and now it is 7300 it is still up historically.There is no bubble and your title is misleading , like clickbait
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February 05, 2018, 09:37:39 PM
 #6

Well if you are all sure that it is not another bubble like tulips were then why are so many of you panicking
or did you get too greedy and forgot to take profit like I did when the price was at $18k !

I can but back in when ever I like but notice that I am not rushing in so maybe that tell you what
way I see prices heading for now and I can even see a bit of an implosion happening and if that
happens then the mempool will be at 20,000,000 and you could all find yourselves locked in and
being burned by the time your allowed out.
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February 05, 2018, 09:52:59 PM
 #7

I made some digital a$$coins - buy them now low, before their price goes up to infinity. I only minted 10 a$$coins, so that their price can soar reaaaaally high and everyone who bought, could be wealthy.

Great recipe for attracting idiots.
iRewa (OP)
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February 05, 2018, 10:45:17 PM
 #8

https://bitcointalk.org/index.php?topic=2777445.0
They call me crazy on this post, but in the end I was right.
Cryptoshops
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February 05, 2018, 11:14:29 PM
 #9

Dont think its a bubble but I think Bitcoin will continue to decrease over the next months  Its allready down to $6852.52  Wouldent suprise me if it goes down to under $2000
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February 05, 2018, 11:29:12 PM
 #10

What Bubble?

Bitcoin was 5500 in october 2017 an now 4 months later it is 7300.You call that a crisis or some bubble it is up 40% in 4 months.Wallstreet can not do that , ever!

That is right and most misses this picture because they are so focused on the current price fall gauging it from btc all-time high price point.
tanoe
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February 05, 2018, 11:30:35 PM
 #11

With current prices, it is more profitable to buy some assets, and retain existing ones rather than sell. how much loss you will receive when you sell your assets for $ 6k when you buy above $ 10k. I do not understand why they chose to lose most of their assets or worse choose "suicide".

Back to topic, if this is a good time to buy, I think the price should go up again. but for an unexpected time.
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February 05, 2018, 11:32:03 PM
 #12

you guys have no idea if the price will keep falling. back in December people were talking 100k and had all these arguments. now it's all doom and gloom. just herd mentality. the focus should be on the LN and making this a workable product. the price will do what the price will do
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February 05, 2018, 11:33:11 PM
 #13

you guys have no idea if the price will keep falling. back in December people were talking 100k and had all these arguments. now it's all doom and gloom. just herd mentality. the focus should be on the LN and making this a workable product. the price will do what the price will do
A lot of the people are panic selling because the price is dropping. I am not going tl panic sell my coins...


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thenameisjay
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February 05, 2018, 11:33:17 PM
 #14

The bitcoin chart looks like a gaint bubble that is bursting.
https://coinmarketcap.com/currencies/bitcoin/

Do you guys think the market will rebounce or will btc face $1k.

We need the lightning network to pump the price back up to $20,000. With a lot more alt coins making some noise in the cryptocurrency community, maybe a lot more investors would venture to alt coins rather than the king. If we eliminate the initial problems of bitcoins like the outrageous transaction fees and the long transfer rate, then it is safe to say that bitcoins will be a staple name to most of us and the likelihood of the bubble bursting would significantly decrease.

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February 05, 2018, 11:39:04 PM
 #15

What a stupid question. It's down 60%. Not is. Has.

Question now is how much further will it deflate. Normal btc bubbles drop 90% which is why I've been saying $2k for the last 2 months but that's only approx.

Problem is on this one there is so much more crap going on that it could well drop further this time, certainly the speed of the current fall is unprecedented.

Also calls into question the market caps that are often quoted. In real world it's all related to profit a company makes. Remember tech crash? Affected companies with wildly inflate price to earnings ratios. Well that's crypto to a tee. There is o profit so the ratio is actually negative when you take into account new coins coming into circulation through mining.

So yeah. Burst and still deflating, hopefully for good.
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February 05, 2018, 11:43:19 PM
 #16

I think bitcoin will pump soon as some people are buying the dip! I'm spreading the word of Lightning network hope it bounce back easily to get the price of 20,000usd.
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February 05, 2018, 11:50:56 PM
Last edit: February 06, 2018, 12:49:33 AM by HasHe
 #17

Actually its not at all a bubble. After reaching ATH, its just returning to its previous price.Every one wants to see its price from 20,000 dollars and they forget that its price was just 5,500 dollars two months before.
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February 05, 2018, 11:55:09 PM
 #18

People get your heads out of the sand. Stop listening to LUNATICS like John McAfee and James Altucher for financial advice. It's popping in full swing and we'll see 2k in a few more months. Bitcoin will rise again but not for a while. It's obvious to anyone with a brain that this tether fraud has been propping up the price. What we're seeing now is bitcoin crashing without the "tether support" to eat up all the sell walls. I remain bullish long term but why lose 90% of your capital stubbornly hodling??
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February 06, 2018, 12:00:27 AM
 #19

The bitcoin chart looks like a gaint bubble that is bursting.
https://coinmarketcap.com/currencies/bitcoin/

Do you guys think the market will rebounce or will btc face $1k.
It won't go below $1k, I don't think there is any kind of bubble that extends down that low unless everyone is REALLY pulling out of Bitcoin and are intending to let it die. That's something a majority of people within the community right now don't want to see happen, and I would rather not have the market go under $1k either. Keeping it relatively high is a much better scenario to be in, in my opinion.

There'll be a stop to the crash and there will be a support level found. Just have to wait and find out when it'll stop.
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February 06, 2018, 12:37:22 AM
 #20

after this huge hoooraaah that is currently being perused against bitcoins ,the announcement will come governments now propose proper taxation and regulation and that will be the end of this mission against bitcoins , prices will once again rise and the market will once more seem as if nothing had transpired in terms of pricing ," you cannot expect to be collecting and not be paying your dues".

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