Bitcoin is about to collapse this week

[yndye]

Like 2 weeks after? This wasn't due to any Technical Analysis prediction. This was mostly due to the BCH Split, it's sad that this market is still sensitive to all kinds of news, FUD, etc.

If this market is sensitive to news then it would be better to make use of that to our advantage. We can have a news base trading wherein every time there is news-major news for that matter, you can trade base on it whether it would be positive or negative. When it's positive then you can make use of that as a bullish sign and then when the news is negative then you can treat is a bearish news and maybe short it.

[Wolf Rainer]

He was right after all.

[wxa7115]

Your username says a lot about you op. Do you seriously expect people to believe you especially considering your ranking in this forum? This thread is a joke. Bitcoin has survived far worse situations in the past and has always come out on top.

What makes you think that it won't survive now all of a sudden? Bitcoin could potentially rally again by the end of the year due to BAKKT and many other reasons which is why you need to think before writing such useless posts.

The rank of a person in the forum has nothing to do with his expertise out of it, a person could be a newbie in the forum but it could be a very successful trader outside of it, however having said that I agree that the thread is nothing more but an attempt to try to scare people away and to make them lose money, the price can go down we know that and we have experimented that ourselves but that doesn't mean that bitcoin is going to collapse.

The only way bitcoin could collapse is if there was a bug in the code and then people lost all the confidence they had on bitcoin, that could crash the price but nothing else can do it if the technology is still secure then the price will eventually recover.

[Bardman]

Like 2 weeks after? This wasn't due to any Technical Analysis prediction. This was mostly due to the BCH Split, it's sad that this market is still sensitive to all kinds of news, FUD, etc.

If this market is sensitive to news then it would be better to make use of that to our advantage. We can have a news base trading wherein every time there is news-major news for that matter, you can trade base on it whether it would be positive or negative. When it's positive then you can make use of that as a bullish sign and then when the news is negative then you can treat is a bearish news and maybe short it.

That's already happening, it's basically a loop now. There are thousands of bots programmed to do that exact thing, buying or selling when good/bad news happen.

[LeGaulois]

We just have to wait for the weak hands leaving the ship. Cleaning the market and then it will come back again once prices have reached a lower level.
I bet everything will be back and even stronger after the Bakkt platform from NYSE; the the coming of institutional investors and fresh cash.
Buy today or be poor in the future, your choice.

[bigtitsmomma]

Don't know how you're planning on benefiting by spreading this fear, but the VOL looks pretty normal/standard to me: https://imgur.com/a/rwT2l4v

Volume is continuously below 4b for last many days... this hasn't happened in last 1 years (i.e. vol below 4b for many days)

you seriously dont find that odd??

Meet me here again when BTC is below 5.5k in 10 days .... and that is a very very conservative prediction... its gonna be worse.

SUCK MY D**K YA ALL

[Slow death]

He was right after all.

 

OP must have a Crystal Ball

check out the, volume and MACD trends.Volume is dipping very very rapidly .....its over guys... get out while you can ....

two weeks have gone by and your prediction has been confirmed, sad to see the price drop so much, but it was expected that the price would stop, there is no demand, honestly I do not know what will be next year, I still read an article today that said if BAKKT does not match the expectations, and we see this price of  $5000 until the end of next year

I bet everything will be back and even stronger after the Bakkt platform from NYSE; the the coming of institutional investors and fresh cash.
Buy today or be poor in the future, your choice.

if Bakkt is not successful we will be lost

[arpon11]

Bitcoin really get dumped this week and I think since this year it has not gotten to this level of bearish market.  Why we are See the current market conditions as a surprise many including op has forecasts this.  I believe some people here has an insider information about the market behavior and invest or sell along those information.  In cryptocurrencies we are aware that bitcoin or others coins can get pump and dump anytime but the yesterday and today own takes many of us unaware. For the remaining part of this year I don't think we can see a great Positive move again and all our expectations should be shifted not next year.

[Bardman]

He was right after all.

 

OP must have a Crystal Ball

check out the, volume and MACD trends.Volume is dipping very very rapidly .....its over guys... get out while you can ....

two weeks have gone by and your prediction has been confirmed, sad to see the price drop so much, but it was expected that the price would stop, there is no demand, honestly I do not know what will be next year, I still read an article today that said if BAKKT does not match the expectations, and we see this price of  $5000 until the end of next year

I bet everything will be back and even stronger after the Bakkt platform from NYSE; the the coming of institutional investors and fresh cash.
Buy today or be poor in the future, your choice.

if Bakkt is not successful we will be lost

Lies, it wasn't expected and he didn't predict shit. Shorts on Bitfinex were almost at an all time low, obviously no one was expecting this.

[khaled0111]

Stop spreading FUDDs, you can sell your coins and run away (if you have any which I doubt) but don't tell others to do the same.
When you plan to invest your money in something you should be aware, shit happens.

[Initscri]

Bitcoin is like the stock market. If anyone suggests with 100% certainty that they know what the price of BTC (or other currencies) will be within a certain time frame, run...

Do the research, make your own consensus, and make a decision from there.
For all we know, this could just be a minor setback as we've seen before. It's not exactly like BTC plummeted 50%.

[bigtitsmomma]

He was right after all.

 

OP must have a Crystal Ball

check out the, volume and MACD trends.Volume is dipping very very rapidly .....its over guys... get out while you can ....

Lies, it wasn't expected and he didn't predict shit. Shorts on Bitfinex were almost at an all time low, obviously no one was expecting this.

OH YES ... I DID NOT PREDICT SHIT

Don't know how you're planning on benefiting by spreading this fear, but the VOL looks pretty normal/standard to me: https://imgur.com/a/rwT2l4v

Meet me here again when BTC is below 5.5k in 10 days .... and that is a very very conservative prediction... its gonna be worse.

MEET ME AGAIN WHEN BTC is BELOW 4k BY THE END OF THIS MONTH.... AND THEN SUCK SOME MORE OF MY BIG ONE

[carlisle1]

check out the, volume and MACD trends.Volume is dipping very very rapidly .....its over guys... get out while you can ....

Well you’ve got a good guess about collapsing of bitcoin,but its not totally collapse because what happened is just an sabotaging from Ver and Wright .sorry to tell because bitcoin paused from dropping and now recovering again.i believe this is the bottom and we will be looking for a bull any time soon

[mOgliE]

Well. Looks like we actually did get a sizable dip today. Thoughts ?

Like 2 weeks after? This wasn't due to any Technical Analysis prediction. This was mostly due to the BCH Split, it's sad that this market is still sensitive to all kinds of news, FUD, etc.

You think it's due to the BCH split?
I don't quite see the correlation... I mean the price of BCH should be falling of course but what's the link with BTC?

[Lazada]

Bitcoin is like the stock market. If anyone suggests with 100% certainty that they know what the price of BTC (or other currencies) will be within a certain time frame, run...

Do the research, make your own consensus, and make a decision from there.
For all we know, this could just be a minor setback as we've seen before. It's not exactly like BTC plummeted 50%.

Changes that occur at this time can be said to be normal and we should not overreact in situations like this, because when we experience too much panic there will be a much worse situation. Bitcoin prices declined at rates of 10 percent to 15 percent and that can still be said to be not too excessive. Give confidence to Bitcoin and we will get a situation that is getting better than it is today.

[BitBite5]

I really don't understand you guys, it's not the end of the world if the price goes down. That is volatility. Besides the dump is not that big so I don't understand all this drama.

[pinoyden]

I really don't understand you guys, it's not the end of the world if the price goes down. That is volatility. Besides the dump is not that big so I don't understand all this drama.

It maybe not the end of the world but its the end of the investors money if this dip will continue but you are right this is only a cause of volatility though you cannot say that this dump isnt big because its is actually big . bitcoin before was on 18k last year but after we hit the new year , the price is also slowly degrading  .  so do you understand the drama now ?

Bitcoin can possibly collapse in these coming days because i always heard a bad news online but lets not loose our hope .  lets just pray that this crisis will soon come to an end .

[selardkinley]

He was right after all.

Hashanah and like now, you seem quite wrong. You are on wrong path man. Bitcoin would never collapse down in this year or even in coming few decades. It has long life to live.

[gabmen]

Bitcoin is like the stock market. If anyone suggests with 100% certainty that they know what the price of BTC (or other currencies) will be within a certain time frame, run...

Do the research, make your own consensus, and make a decision from there.
For all we know, this could just be a minor setback as we've seen before. It's not exactly like BTC plummeted 50%.

Changes that occur at this time can be said to be normal and we should not overreact in situations like this, because when we experience too much panic there will be a much worse situation. Bitcoin prices declined at rates of 10 percent to 15 percent and that can still be said to be not too excessive. Give confidence to Bitcoin and we will get a situation that is getting better than it is today.

Lol. If anyone gives a statement as specific as that, they don't know what they're talking about. I'm not even sure why there still are people taking these collapse statements seriously. Every now and then especially when a steep dump happens these guys surface.

[WatchMaker]

Well, it obviously happened! Sometimes the problem with this community is people are blind to see what others are trying to say regardless of whether is right or wrong until when the shit happens.