This is the big crash of 2018.

[Herbert2020]

Hold on, this is going to be a deep dive! With little support and a broken protocol.
See you guys at 3000.

ah, glad to see you back kwukduck!

the bear case is definitely possible, but i wouldn't get too excited until we at least see new lows that don't immediately get wicked up. there's been zero follow-through on that initial red candle last night. as far as i'm concerned, we're still stuck in the triangle.

He is trolling. But Kwukduck has a penchant for giving buy signals because, 9 out of 10, the opposite happens after his bearish announcements. Check all his posts in his original account. You can see it there.

Kwukduck, what happened to your original account?

Kwukduck is still around but OP is most probably a troll trying to mimic his behavior. and what Kwukduck did was 100% accurate. every single comment of his case near the bottom and near the end of the bear move or end of each correction without an exception. obviously it wasn't exactly at the bottom but very close which is why people said every time he makes a post price is about to reverse and go up. which may be the reason for him to stop showing his face with his main account because everyone knew what he was doing so it didn't work anymore.

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[davinchi]

No the big crash was when the price went from $20k to $6k , this is just daily small number swings. The price of bitcoin moved barely 5% and not even that much. Yes, all the market dropped together and the market cap of crypto in general lost billions of dollars in one day but don't forget red is always followed by green.

Look at the stock market since 2008, it has lived its best times since then, which means yes we had a small drop off but in general market is still strong and it will keep doing great things for the foreseeable future because there is absolutely no reason why it shouldn't. There are still a lot of people behind the projects.

[STT]

The bitcoin market moving in line with stock market sell offs does not make much sense as they are totally two different asset types and not related.   The only section of that could make sense is if you examine the relationship to dollar and realise that Bitcoin price is mostly observed and traded relative to the dollar currency.    
Recently we have had a rising Dollar index and the common perception is that dollar will continue to be strong with a Federal reserve raising rates, the objection I have to this scenario is that inflation is rising and so the interest rates are purely in line not counteracting that depreciation of dollar worth.

We do not have a strong dollar and long term its very unlikely as debt is payable largely at this moving interest base rate.     Most likely is continued inflation and lagging rates which do not compensate.    So if dollar is not strong there is not especially a good headwind to either stocks or Bitcoin.

Whats most likely is that Bonds fixed at various rates of return begin to reduce in price, which means a capital outflow from that asset class. Bitcoin could easily benefit from this future liquidity as it has no fix to US dollar and is a globally traded asset not tied to any one economy or fiscal regime like US dollar treasuries

[tosmartak]

I am actually bullish right now even though we are still waiting to see what would happen with the market in terms of direction anyway but like every other people have said, when it comes to using kwuk as an indicator, I think most of the time it has always worked to do the opposite of whatever you are saying.

Nonetheless, there is no clear indication yet, anything can still happen, but with the way things are, I feel the bears are actually getting weak gradually,  but time will tell who wins the fight between the bulls and the bears.

Moreover, why on earth should I be bearish when I should be accumulating right now and even if the market gets even lower, it would just be a chance to accumulate the more. But of course, it is Kwuk! 

[figmentofmyass]

Hold on, this is going to be a deep dive! With little support and a broken protocol.
See you guys at 3000.

Bullish.

on one hand, YES.

on the other hand, kwukduck is always bearish. i try to remove both perma-bulls and perma-bears from my sentiment calculations.

Nonetheless, there is no clear indication yet, anything can still happen, but with the way things are, I feel the bears are actually getting weak gradually,  but time will tell who wins the fight between the bulls and the bears.

it's a good time to sit on hands. arguably, both sides are weak. but since we are/were in a bear market, the pressure is on the bears to reestablish control and force new lows.

shorts are pretty high at the moment too, which tips things in the bull's favor.

[BitHodler]

Moreover, why on earth should I be bearish when I should be accumulating right now and even if the market gets even lower, it would just be a chance to accumulate the more.

People not willing to see the price go down further are heavily invested and have nothing left to buy with. They went all in at the wrong time and that's burning them badly during current bear market.

That's why you should always dollar cost average your fiat entry points over a longer period of time. Going all in is such a rookie mistake. It makes you heavily depend on one single market direction.

Rookies came here to get rich, but all they got is a bear market making them poorer. Positive aspect of this is that most of them will learn from it and maybe even use it in their advantage during the next bull run.

But of course, it is Kwuk! 

It's not. Just a cheap wannabe.

[Wind_FURY]

Thats a very long term chart just based on the presumption of a continued increase to supply:demand ratio (halvening etc.)which has roughly worked so far but cant be assumed always.

Do you believe Bitcoin's price after the next halving will be lower than its price right now?

Just going on that we're below the curve and so arguably in an area to buy rather then sell overall but thats alot of confidence required to think we'll always respect that trend long term.  Also we've stayed a year or more underneath that curve previously, not everyone can hold their breath that long

It's not "not everyone", but "everyone who does not understand" Bitcoin. It is the only asset that you can have the sovereign rights to that is censorship resistant, provably scarce, and global. If you believe that it is "over-valued" today, you should reconsider.

[MrPao]

I also think that this decline may continue for some time. Although the market is green today, I think it will soon turn red again without the support of a large amount of purchasing power!

[Johnzky]

Kwukduck?

Now he has spoken, brace yourselves opposite thing is about to come.

I thought it was Tasmanian devil who speaks now creating negativity towards bitcoin lol

I’m afraid why Op making this kind of topic,maybe because of desperation to have even single bitcoin thats why he wanted the value to drops lower to $3,000?sad for him because this will never happen

[Beegovere]

Hold on, this is going to be a deep dive! With little support and a broken protocol.
See you guys at 3000.

I don’t think that the price will ever drop to $3000, because it will be the end of bitcoin. People are looking forward and they have invested in respect to earn free money. If they do not earn money rather lose their investment, the rest will never invest in bitcoin in the future and the miners will also stop mining due to lose money in mining process.

[Question123]

I don"t want to see you at 3000 dollars let see you to 20,000 dollars again and Im still believing on that and I will have more prediction until now because bitcoin is unpredictable and we don"t know when price is uo and down. But mostly I hope the price will increase again .

[Dilerium90]

It's interesting to recored video of person in the moment, when Bitcoin fall to 1000$, for example. This video cutting can be processed and made a masterpiece. I'm not saying that bitcoin will fall, but to see the faces of people who record a huge fall is very interesting.

[1Referee]

I don’t think that the price will ever drop to $3000, because it will be the end of bitcoin.

How will that be the end of Bitcoin? If the price drops, the entire ecosystem will adapt to it and move on as if it is a normal day.

Last year when Bitcoin broke through the $2000 level for the first ever time people celebrated how much of a milestone it was, and very much indicative of long term growth, and you consider $3000 to be the end of Bitcoin? Come on, lol.

People are looking forward and they have invested in respect to earn free money. If they do not earn money rather lose their investment, the rest will never invest in bitcoin in the future

That sounds like a fantastic deal. These people do nothing but expect the price to go to the moon on a daily basis, and they happen to spread toxic anti decentralization mentality as well. Less of these people is a win for this ecosystem, not a loss.

[normanz]

I don't think that will happen, bitcoin falls down and reaches $ 3000, which is quite impossible, and I believe more to be able to get up than to fall down.

[aqila baruroh]

today I have heard lots of jokes and I don't want to hear more jokes. what do you mean "See you guys at 3000" ? I am sure you are part of those who like to make FUD for their own interests  

[Wind_FURY]

Thanks Kwukduck, you have again guided everyone very well by giving us one of your well-timed buy signals. Next time you should give us a donation address and allow us to show our appreciation. Hahaha.

[Idrisu]

No matter how far it goes down it is going to rise up again.  We have had alot of FOMO in the past but we have see  the market bance back again.  This year 2018 is a bearish market years and we have to accept this reality.

[Ericgreen]

Kwukduck?

Now he has spoken, brace yourselves opposite thing is about to come.

What king of opposite thing to come? Please share with us so that we can protect ourselves from that bad thing. This is just nonsense and nothing is happening like this. The price will grow more and there would be only small corrections in the price and nothing more. Don’t spread disappointment among the investors and let them earn for their financial hurdles.

[wuvdoll]

Thanks Kwukduck, you have again guided everyone very well by giving us one of your well-timed buy signals. Next time you should give us a donation address and allow us to show our appreciation. Hahaha.

I was actually coming to see the responses of those who have commented on this thread before . Thanks to him indeed. After seeing the breakout I was just amazed how Kwuckduck is so much of an indicator and a lot of people are not seeing that already.

Moreover, even if had ended up dropping as he said anyway, we would have just have seen the chance to buy in at a lower price. For what is worth though, it is indeed a good thing we have someone like kwukduck to be able to let us know there is a possible breakout since he is an indicator now. At least, we get to do the opposite of whatever he comes out to say.

[upsidedown75]

I don't think that will happen, bitcoin falls down and reaches $ 3000, which is quite impossible, and I believe more to be able to get up than to fall down.

There is even no need to start thinking anything now as we have seen it glaringly that no one can predict the future based on the break out we have just had. I really do not know how far the market is going to go from here or how the market would fair before the end of the year, but one thing I certainly know is that there is a future for this market and that is what is important.

If you see it that way, you will be able to make decisions by taking advantage of now. Moreover, as you can see, this OP is just an indicator. If he goes bearish, you should better be going bullish.