Another Bubble popped?

[Mateox]

Price is realistic in some way, but some of the drops are maybe caused by this trustee fool of the Mt Gox coins.

https://bitcointalk.org/index.php?topic=3087603.msg31881752#msg31881752
https://bitcointalk.org/index.php?topic=3088050.0

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[perto01]

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

bubble-pop would have at least one consequence: more regulation. As an increasing number of people – and even institutional Wall Street investors – join in the bitcoin mania, financial authorities worldwide will adopt a more interventionist stance.

[Kidmat]

Bubble popped maybe because of the news came out that price affected to decreased again. Most didnt expected that this bubble will not experience again. Since, we are here in this market we should note and accept to the fact that it is volatile.

[jimbo2000]

Long term, I'm seeing two main possibilities.

Scenario A: My preferred outcome is that we are in a fractal like summer 2012 or late spring 2013. If so, the correction is not over, but the lows may already be in. The plunge to $6,000 may have been the A wave of a bullish triangle. Or it could have been a W wave in a WXY consolidation. Both the 2012 and 2013 fractals had WXY structure where the initial leg down was the bottom. I believe Masterluc favors the 2012 fractal.

Scenario B: The other possibility is that we are still waiting for an 80-90%+ decline from the top over 1-3 years. That the altcoin markets and Google trends are both in utter despair support that idea. Bottom at $3,000 or lower.

Either way, a 90% crash is probably coming. The question for me is, will we go to $100,000 first?!

Altcoin markets are still up significantly over the last 6 months and google trends remain largely unchanged over the same period. If we remove December through January then the market is relatively stable and actually has a slight growth. Comparing things to the previous high is always going to lead to such conclusions.

Great observation, I will remember that " comparing things to the previous high always will lead to wrong conclusions ". Like always wishing new ATH, everyday new ATH, people would like price to rise all the time and they just to pick up profit when ever they wish, people are fools.
I don't believe in any of this scenarios, rarely I see some scenario to come true. Bitcoin is constantly surprises us and in if we watch bitcoin trough the years that surprises are more positive then negative that trend will last in the future too. Bitcoin is not a bubble, bitcoin price can't be bubble that popped. Its just ordinary market fluctuations get use to that.

It's for exactly this reason that a lot of people instead of plotting the all time highs and drawing their conclusions from this actually look at the lows of the crash. That way you get a much clearer picture of the progression. If 8.4k or so proves to be the bottom this time it's another upwards movement from the 6k bottom that we saw a few weeks ago.

[South Park]

Now a lot of very large players appear in the cryptocurrency market. They concentrate in their hands a lot of capital. This will make the market more unpredictable. We have to be ready for these races will be familiar to us. It doesn't scare me. Each of us can make money of it. But for this you should always have a reserve not to sell the coins at the bottom of the candle.

Yes, bigger players are going to make the market even more volatile there are some of the players that want for the price to go up while others will want the price to go down while we the average user of bitcoin is left in the middle without knowing what to do, this is why holding is recommended as a strategy since it's the one that protects you the most against those changes in direction of the market.

[Oceat]

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

It seems like a bubble perhaps but i think the banning of Bitcoin in some other countries are the main reason. FUD usually did a huge effect in the market since some people are buying it and i found it normal in a daily basis. Bitcoin should recover its price very soon once there's a good news about of Bitcoin coming. As of today more bad news are coming and it is not helping some of the investors that's why we should've hold it yet.

[Dodoymabs]

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

It seems like a bubble perhaps but i think the banning of Bitcoin in some other countries are the main reason. FUD usually did a huge effect in the market since some people are buying it and i found it normal in a daily basis. Bitcoin should recover its price very soon once there's a good news about of Bitcoin coming. As of today more bad news are coming and it is not helping some of the investors that's why we should've hold it yet.

Well, then we should stop spreading negative news so that people will not be in worries especially those who are new to crypto. We should hold now in order for ths Bitcoin to increase. Bad news must be stopped and we should make this as opportunity to buy coins while it's in dip.

[mersal]

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

I don't consider this as a bubble because the price is already recovered an now lying in the range abouve $9500 so it looks like a normal fluctuation caused by rumors.So it is a good time to grab the bitcoin for cheaper price.

[gabmen]

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

I don't consider this as a bubble because the price is already recovered an now lying in the range abouve $9500 so it looks like a normal fluctuation caused by rumors.So it is a good time to grab the bitcoin for cheaper price.

Well you have to understand what's causing these dumps. It's noy just about a popping bubble. Mt.gox selloff dumped a huge amount of btc enough to move the market, at the same time making a lot of people uneasy. Look at it now that its confirmed there won't be any sell offs until sept. Prices are recovering to say the least

[omonuyak]

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

Most time bitcoin bearish market do last for three weeks. I think bitcoin is going to make some progress in weeks to come and we will began to make recovering any moment from now and it has never going to be up to a year before recovery. We are not going to remain with the current ranging market for long term.

[amwer]

"I think we're going to see bitcoin hitting the $60,000 mark, but I also think we're going to see bitcoin hitting the $5,000 mark," said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies.

[Sukovsky]

Most people that say this wasn't a bubble weren't here in 2013/2014. It's exactly the fucking same. Denyers, this time it's differenters, more fundamentals now BLA DI FUCKING BLA.

Let me spell it out for you:

This rally is over. It's going for a big retrace. Try to not be an empty headed shitbag for once and put the 2013 chart over this year's rally. It's the fucking same. The amount of dumb money in this rally is staggering. This is going down. Free fucking tip assholes

[1Referee]

This rally is over. It's going for a big retrace. Try to not be an empty headed shitbag for once and put the 2013 chart over this year's rally. It's the fucking same. The amount of dumb money in this rally is staggering. This is going down. Free fucking tip assholes

Look at the long term charts, Bitcoin's entire existence has been a rally, and that will continue in the forthcoming years. People should ignore the peaks, since they only display the speculation aspect of this market, which is never a good indicator/metric. If you follow the line of all the previous bottoms, which is more an indicator of the actual value, it clearly shows how much the price has actually gone up throughout the years. People focusing on the peak of $20,000 are fools, because that in no shape or form reflected the market back then, and even not now. In that regard, I would even state that current levels are on the higher side. My personal valuation would be between $7000-$8000 for the market in current state. If the price rallies up another time, we'll likely see that the next bottom is still under the $10,000 level. Free fucking advice peak seekers.

[lingwistiko]

Market price fluctuations are just normal in the cryptoworld and there are lots of factors affecting to it. We can't also tell how long this situation stays and all we can do is just wait for the better days to come.

[Sasuke102001]

That much of a drop is acceptable can be expected in crypto market. Bitcoin prices are still like 9500$ to 9000$, after the huge drop from 20k I didn't see bitcoin going to even 12,000$. Many people had damm high  hopes for Bitcoin, like bitcoin market value going upto 30-40k dollars but seeing the current situation it is very unlikely bitcoin will go up that much. Recently the fluctuation has also increased for every cryptocurrency out there.

[eann014]

Yeah, bitcoin price is getting lower every day; hope that it can recover this Month or April. So we can get profit for these months and save some of it. I want to gain profit even a little so I can save some of it for the needs or my son in his school. I want him to have a good school next year so I really want to earn more so I can give what he really needs.

[exstasie]

Most people that say this wasn't a bubble weren't here in 2013/2014. It's exactly the fucking same. Denyers, this time it's differenters, more fundamentals now BLA DI FUCKING BLA.

Let me spell it out for you:

This rally is over. It's going for a big retrace. Try to not be an empty headed shitbag for once and put the 2013 chart over this year's rally. It's the fucking same. The amount of dumb money in this rally is staggering. This is going down. Free fucking tip assholes

The rally is obviously over.

But the rally was obviously over in 2012, April 2013, and December 2013 too. Why do you assume that December 2017 = December 2013? Masterluc, whose track record speaks for itself, sees parallels to 2012.

Also, markets punish as many people as possible. As a general rule: If the market is skewed long, we go down. If the market is skewed short, we go up. With that in mind, then consider where in the cycle we might be comparatively. After each bubble, this is what the initial retracement looked like:

• In August 2012, the bull trap = 62%.
• In April 2013, the bull trap = 58%.
• In January 2014, the bull trap = 78%.
• Current bull trap = 41%.

So um, where my OTE retrace? Answer: it hasn't happened yet. Even if this is 2014, have we finished squeezing the early bears and trapping the late bulls? I don't think so.

I suggest studying each historical cycle separately and looking for parallels before assuming that 2018 = 2014 redux.

[South Park]

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

I don't consider this as a bubble because the price is already recovered an now lying in the range abouve $9500 so it looks like a normal fluctuation caused by rumors.So it is a good time to grab the bitcoin for cheaper price.

Well you have to understand what's causing these dumps. It's noy just about a popping bubble. Mt.gox selloff dumped a huge amount of btc enough to move the market, at the same time making a lot of people uneasy. Look at it now that its confirmed there won't be any sell offs until sept. Prices are recovering to say the least

To me this is very obviously an attempt to buy time from banks and governments they are trying to suppress the price of bitcoin in any way they can, they tried to use the future markets and it had an effect but it was not enough now they are dumping coins and it did have an effect but is still not enough so they are leaving the threat that coins are going to be sold in the future so investors are afraid of buying bitcoin until that time.

[MoonIsBlue]

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

I don't consider this as a bubble because the price is already recovered an now lying in the range abouve $9500 so it looks like a normal fluctuation caused by rumors.So it is a good time to grab the bitcoin for cheaper price.

Well you have to understand what's causing these dumps. It's noy just about a popping bubble. Mt.gox selloff dumped a huge amount of btc enough to move the market, at the same time making a lot of people uneasy. Look at it now that its confirmed there won't be any sell offs until sept. Prices are recovering to say the least

To me this is very obviously an attempt to buy time from banks and governments they are trying to suppress the price of bitcoin in any way they can, they tried to use the future markets and it had an effect but it was not enough now they are dumping coins and it did have an effect but is still not enough so they are leaving the threat that coins are going to be sold in the future so investors are afraid of buying bitcoin until that time.

Futures aren't some boogeyman responsible for price crashes.

[Proton2233]

Yeah, bitcoin price is getting lower every day; hope that it can recover this Month or April. So we can get profit for these months and save some of it. I want to gain profit even a little so I can save some of it for the needs or my son in his school. I want him to have a good school next year so I really want to earn more so I can give what he really needs.

Why is everyone panicking? I do not see anything terrible in the fact that the price is reduced. There are always people who sell a lot of coins. Illiquid money sterilizes the banking system. There is no such mechanism in bitcoins. Therefore, we will always see such fluctuations. We must have patience. If you don't have money to buy some coins at a low price then just keep your coins and don't sell them. This will ease the pressure on prices and you will see an increase.