Bitcoin - Game over

[Mahanton]

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!

K fine! 

You can always pull out your money out of crypto since its your money after all but dont regret later on when its start to recover up once again and might reach up new heights. We can really make some comparison on charts into traditional stocks or forex/assets but took into consideration between 8 year old price movement compared to 40-50 year old traditional asset price movement? I know you do know what i mean.

[figmentofmyass]

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.

i think that's precisely why TA works so well on bitcoin: it's a highly speculative and emotional market. it doesn't have the kind of macroeconomic fundamentals you should understand to successfully trade commodities and forex. it's straight up supply and demand.

TA doesn't depend on regulation, and i think there is much logic to the BTC market. it's about supply and demand: knowing whether it's bears or bulls who are primarily out of position, and trading accordingly.

take today's breakout for example. we've been sideways for about 5 days, and just broke new highs. that tells me we're heading up now---all the bears entering shorts for the past several days are now in the red and want to close.

[n0ne]

The game hasn't begun yet, what's happening around the network is just a beginning to the future change. Right now it might look something like a commodity that got its existence from the technology. The game gets interrupted for further updating which gets spread in the negative manner that the game is over. When people begin to realize the change the game becomes more popular than ever.

[UnDerDoG81]

Bye...

[KorakPawon]

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!

all is a lie some people who do not believe in bitcoin will say like this that bitcoin era will soon run out but this is a very reasonable thing when the price declines they new people will not believe that the next few years prices will rise.

[abaidudez]

I hope not and I think it's not. Price of crypto don't depend on the chart, although some can predict using that. Most experts predict that bitcoin will be more than what it reached on 2017 last quarter.

[coin_1122]

No, it is not how can people say the game over and this makes people to panic more about the bitcoin. The chances of increasing market cap are very easy but there is numerous reason for not increasing. If you panic about the market then you are going to lose money.

[vhiancs]

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!

You are absolutely wrong dude! how do you know the bitcoin price movement? even though some experts did not know when the price of bitcoin will die. We can not rely on this false new work of some critics against crypto currency like bitcoin currency. People always getting panic because of lack of knowledge about the movement of the market chart, it's obvious that  chart was work by a whales and people agianst bitcoin.

[Ronyx]

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!

Bitcoin has not been game over, but bitcoin can still continue to the next level. Although these days bitcoin falls low and many predict bitcoin will not survive, but I do not believe it all, I believe that bitcoin can still survive and can increase its value again.

[Ararbermas]

Well on my opinion it will go lower price , 'cause actually this current bottom price still have strong support, and indeed as long there are  more investors keep buying at dip bitcoin will stay above or in the bottom and always had a potential as well to increase again and again so it will not fall back to the worse price , unless if all people leave on crypto world and make an investment on fiat. Lol

[s2sallbygrace]

It will never be game over for bitcoin. As long as there's people who believes in bitcoin and continue patronizing it, bitcoin will still exist and will never stop giving people and investors huge profits. Let us all remember that bitcoin  starts its price value to $100-300 way back back 2009, so there is always a possibility it will continue to rise although bitcoin is in a big dump right now but time will come it pump again and will continue to level up.

[Slow death]

Bitcoin - Game over

im pulling all my investment out

New Malta Bankers Association Chairman Praises Blockchain, Says Crypto ‘Here to Stay’

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Square Receives NY BitLicense, Cash App Now Offers BTC Trading for New York Users

Two Major Russian Banks to Offer Crypto-Based Fund for Retail Investors

is not game over, you can do a lot of graphics that you wanted, you can sell all your bitcoin, but still have a lot more people to buy bitcoin, so your exit will not be lacking for the crypto world

[DriftKing]

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!

A little pullback will always be beneficial since it generates more opportunity to hop on the BTC Train while the price is still within a "minimal" pricing. I'll just wait for a couple of months then see how your FUD "goodluck to all holders out there, im pulling all my investment out, hope the best in you!" will turn out. Anyways, I know pricing will pickup soon as early as third quarter of this year just like what happened last year and began to spike up to $15k+ in November.

[gabmen]

Well on my opinion it will go lower price , 'cause actually this current bottom price still have strong support, and indeed as long there are  more investors keep buying at dip bitcoin will stay above or in the bottom and always had a potential as well to increase again and again so it will not fall back to the worse price , unless if all people leave on crypto world and make an investment on fiat. Lol

Well I don't think that' the case here since if investors keep buying duri dips, we won't be in this situation right now and bitcoin would probbaly have a higher value. People are either hodling or for newbies, selling. Though good times are coming I believe. We can't have the entire year to the bears

[samson]

Triple bottom breakdown or triple bottom reversal ?

[richardsNY]

Triple bottom breakdown or triple bottom reversal ?

I'm aiming at a multi quattro bottom reversal.   

How is anyone here supposed to provide useful input? If we are going through a similar scenario as last year then everyone will continue to be wrong. Does anyone here remember how many times people tried to call tops at that time? It started at $2000 and continued to $20,000 last year. The only certainty that we have is the long term. For now $6000 seems to be holding nicely, and Bitfinex offered a decent amount of buy support during the attempted test of that level, but we have a long way to go before we know whether or not we're safe. Ideal situation for that would be a relatively quick test of $8000 in the coming weeks.

[lordmick]

I disagree with the opinion of author of this thread. No doubt that we will see more crashes of Bitcoin in this year again. But I am absolutely sure that whole market will recover next year together with Bitcoin. It is natural that after great rise, we see hard correction.

[laravuemaster]

No, it is not how can people say the game over and this makes people to panic more about the bitcoin. The chances of increasing market cap are very easy but there is numerous reason for not increasing. If you panic about the market then you are going to lose money.

The reason why the prices in the market today is dropping, is because of the people who are holding a huge amount of coins and they are panicking right now due to the market that is dumping its prices today, if most of the people will be holding their coins then there might be a chance for the price of the coins to increase.

[Wind_FURY]

What kind of speculation is this? Just because there's another investment which have similar price pattern, that doesn't mean bitcoin will experience same things because both of them are totally different.
If you're not experienced investor or short-term investor, you shouldn't invest on Bitcoin or any cryptocurrency IMO.

The other chart is not "just another investment", it is Japan's Nikkei stock average. Its long bear market has perplexed many trading analysts on why it never went over its previous all time high of the 1990s.

I believe the OP is only showing us that a very long bear market is possible.

[Ceballos]

game did not started yet. Too many projects trying to make a bridge between real life vs crypto and at least few of them going to achieve this.
After implementing to real life bitcoin prices will rocket soon.