Bitcoin - Game over

[bloodchow]

bitcoin crosses important neckline support (breakdown) and expected to conitnue to fall down more and more

https://cdn.pbrd.co/images/HqssO99.png

typical bubble

https://jbmarwood.com/wp-content/uploads/2015/03/Nikkei-stock-crash.gif

if you tell me bitcoin is not in a bubble? look at the similarity, its >90% same as typical traditional bubble

goodluck to all holders out there, im pulling all my investment out, hope the best in you!

[CHENIEN]

Bitcoin normal movements are actually acts like a bubbles that bloom and burst, and we all know that market price of bitcoin today is dropping at the lower, but it doesn't mean that it is a sign of game over, and I'm pretty sure that for the next coming days the price of bitcoin will surely rise again.

[BagzMM]

bitcoin crosses important neckline support (breakdown) and expected to conitnue to fall down more and more



typical bubble



if you tell me bitcoin is not in a bubble? look at the similarity, its >90% same as typical traditional bubble

goodluck to all holders out there, im pulling all my investment out, hope the best in you!

It's not yet over, the game is just started. Just believe that bitcoin will rock the world of crytocurrency.

[etin06]

bitcoin crosses important neckline support (breakdown) and expected to conitnue to fall down more and more



typical bubble



if you tell me bitcoin is not in a bubble? look at the similarity, its >90% same as typical traditional bubble

goodluck to all holders out there, im pulling all my investment out, hope the best in you!

For some time now technical analysis have not been working on not only bitcoin but all other crypto currency on the exchange.  I still believe the pull run is very close whales want to use this opportunity to eliminate weak hands once and for all.  The next bull run will be massive.

[Ondre]

The lowering of its value doesn't mean that it is game over, but if you come to think of it it is still a coin that has highest value in the market, still serve as a model coin. How can you say that it is game over where in fact it has still high value. it is a normal trend in the market to go down and there will still be time to rise again.

[a4techer]

Why their are so many negative people in terms of bitcoin they are always saying that bitcoin is bubble in how many years that you earn and you prove that you can earn more that to your salary and saying this is bubble.

If your basis was the value now so that is why you saying it was bubble so that im telling to you at in terms of investment was no stable value because it always fluctuated  same as stock exchange so bitcoin is not bubble.

[hexline11]

Can I know what is the cause of Bitcoin price dropping down so fast? This is a problem for me since that is the biggest downfall that bitcoin experienced.

[kjnfmplm]

Are you spreading FUD or just afraid that you will end up losing your investments? If it is the latter, then I/we have no rights to contradict whether you should still hold on to it or pull out because it is your money and not to anyone else. But, if it is the first, then I don't think that anyone would believe it unless there is a solid proof that it will be over. And as the history of Bitcoin suggests, it will not be over yet. It is just finding the momentum to have a bull run. Once it did, you will regret pulling out your money. (If you will really pull out your investment).

[Anatol_89]

One often hears that bitcoin is a bubble. Even if so, I think that he did not lose his attraction for the owners of a very large number of these coins. They are able to influence its price and, thereby, make money. Very good and big earnings. I think that this trip down for such people is just another opportunity to earn.

[Anatol_89]

We can only wait. And .... If you have the opportunity to buy bitcoin, then maybe it's worth doing now.

[bloodchow]

Are you spreading FUD or just afraid that you will end up losing your investments? If it is the latter, then I/we have no rights to contradict whether you should still hold on to it or pull out because it is your money and not to anyone else. But, if it is the first, then I don't think that anyone would believe it unless there is a solid proof that it will be over. And as the history of Bitcoin suggests, it will not be over yet. It is just finding the momentum to have a bull run. Once it did, you will regret pulling out your money. (If you will really pull out your investment).

bitcoin broke support neckline, its not even a fud, its a fact

well im pulling out my investment temporarily, but time will tell. we will see again next 4 months. i bet it will go down to 3k or 4k, i put full trust on technical analysis

[Rossy Akbar]

Well,  every single person has their own faith, it's up to you if you wanna stop make your contribution with bitcoin. But I think personally we just started this trend and it will be survive for long time.

[bob123]

i put full trust on technical analysis

This is a bad mistake.

Technical analysis do not work in a market without any regulation or logic.
Currently, BTC is a purely speculative market. People are trying to find a price which represents bitcoins value.

Additionally whales do manipulate the market to make personal gains. TA's are probably the least you can trust in the crypto world.

[Siskamn]

bitcoin crosses important neckline support (breakdown) and expected to conitnue to fall down more and more

https://cdn.pbrd.co/images/HqssO99.png

typical bubble

https://jbmarwood.com/wp-content/uploads/2015/03/Nikkei-stock-crash.gif

if you tell me bitcoin is not in a bubble? look at the similarity, its >90% same as typical traditional bubble

goodluck to all holders out there, im pulling all my investment out, hope the best in you!

Bitcoin is not over yet and bitcoin only falls temporarily and can rise again. Everyone is free to sell and hold bitcoin, and whatever you choose will have an impact in the future. If you sell now and bitcoin can rise high in the future, then you will generate remorse for your mistake in making a choice.

[alyssa85]

i put full trust on technical analysis

This is a bad mistake.

Technical analysis do not work in a market without any regulation or logic.
Currently, BTC is a purely speculative market. People are trying to find a price which represents bitcoins value.

Additionally whales do manipulate the market to make personal gains. TA's are probably the least you can trust in the crypto world.

Agree. Bitcoin isn't big enough for TA to tell us anything about market psychology.

[yokaiwatz04]

Maybe this phenomena is another trick for the future of the holders. Like here in the Philippines, Bitcoin give a fragrant smell to other people that usually they know little about bitcoin and other cryptocurrency. No one knows about the future, but the sure thing is be wise to what path did you choice

[bloodchow]

i put full trust on technical analysis

This is a bad mistake.

Technical analysis do not work in a market without any regulation or logic.
Currently, BTC is a purely speculative market. People are trying to find a price which represents bitcoins value.

Additionally whales do manipulate the market to make personal gains. TA's are probably the least you can trust in the crypto world.

Agree. Bitcoin isn't big enough for TA to tell us anything about market psychology.

huh? bitcoin isnt big? its market cap is more than JPMorgan total market cap 300b (last dec17), 300b not big enough? its already half the size of apple

[Jetakenare]

However the case maybe, bitcoin has changed the world and I really do not think it is over. There will always be bad days but the sun always comes up tomorrow. If the tech were rubbish I would agree with you but the blockchain is phenomenal and this is what I believe would save the day.

[mu_enrico]

<...>
This is a bad mistake.
Technical analysis do not work in a market without any regulation or logic.
Currently, BTC is a purely speculative market. People are trying to find a price which represents bitcoins value.
Additionally whales do manipulate the market to make personal gains. TA's are probably the least you can trust in the crypto world.

<...>
Agree. Bitcoin isn't big enough for TA to tell us anything about market psychology.

TA works on any free-market as it has fear and greed element. However, indicators for stocks/commodities may not suitable for cryptocurrency market. Anyway, the exhibit posted by OP indeed shows crash/bear market. However, BTC will bounce back sooner or later. Not bubble, in my opinion, only a correction.

[ajoygb]

How can they say it's game over if it is doing will in the market, that is why they are attacking it  because bitcoin is on the top.