The Bitcoin bubble bursted, say GOODBYE to $600

[falllling]

As you can see, in the past few months, bad news easily pressed bitcoin price down from top bubble $12xx to $2xx/$3xx, 83% lost, the bitcoin bubble started to burst since there.

we saw so many good news came out in most recent weeks, however the bitcoin price down trend can not be stopped, we are still dropping from dead cat bounce $680 to $540 and now bounced to $610 ...

why? because the bitcoin bubble is going to burst harder very soon!

do you think we are back on the train? wrong! we are in the fake "normal" period, the cliff is just in front of you!
If you buy the fake "return to normal" delusion, you would lose all of your money!






they look similar? Fear + Capitulation + Despair are coming!!!

[kryptopojken]

To me it looks more like we're at "return to mean" lol

[bluemoon]

If you buy the fake "return to normal" delusion, you would lose all of your money!

And if you are mistaken and bitcoin succeeds, you may lose all your money!

[Alley]

Looks like first sell off.

[Fother Mucker]

http://img2.wikia.nocookie.net/__cb20140209013353/creepypasta/images/a/a9/Don't_Feed_the_Troll.jpeg

[DubFX]

Sure everyone will belive you cuz your username is falling and ALL your posts are about how bitocoin is going to fail...GTFO dude.

[Wandererfromthenorth]

[spazzdla]

Shows a graph where the fall is suppose to happen in 24 hours...

It's been 3 months and uses the graph to show how correct he is.

It's best if you leave this place and return under a new alias, actually.. just don't come back.

[cbeast]

Sure everyone will belive you cuz your username is falling and ALL your posts are about how bitocoin is going to fail...GTFO dude.

I thought it was FaILLLing

[wachtwoord]

The OP's little bubble will get popped pretty soon. The fiat bubble will slowly deflate for now, but the rate of deflation will be ever increasing.

[derpinheimer]

As you can see, in the past few months, bad news easily pressed bitcoin price down from top bubble $12xx to $2xx/$3xx, 83% lost, the bitcoin bubble started to burst since there.

Lost you at the first sentence.
That never happened.

Edit, well I guess I mean it was 70% drop.

[Fippy]

Sometimes, I read falllling's posts, and wonder. We all have just kind of gotten into the habit of just assuming he's trolling, but what if...

...



...



...



...he's really just that stupid?

[scribbles]

[zoinky]

Sweet, so buy more bitcoin if weak hands sell, otherwise just remain calm? Got it. 

[criptix]

Wtf when did btc went down to 2xx $ in the last months?

@falling

Should panic sell your btcs to me fast before it crashes

[AceWallen]

nice, it had been a while since i'd seen that chart. thanks OP! now, if only bitcoin's previous bubbles actually worked out this way...

[RodeoX]

I'll believe in your ability to see the future when you provide me with tomorrows powerball numbers. 

[piramida]

Sometimes, I read falllling's posts, and wonder.

I wonder only why I didn't yet ignored him. I guess that stupid chart does it, finally

[sgbett]

ITT: falling jumps the shark

[cbeast]

ITT: falling jumps the shark

Maybe failing is really Fonzie?

[bitcoinsrus]

ITT: falling jumps the shark

Maybe failing is really Fonzie?

[maker88]

i deduce since this never happened

As you can see, in the past few months, bad news easily pressed bitcoin price down from top bubble $12xx to $2xx/$3xx, 83% lost,

that this will not happen either.

they look similar? Fear + Capitulation + Despair are coming!!!

where do you get the idea that we ever went to the 200s? its barely even touched 380 during the crash. you really outdo yourself with stupidity with every post. its astonishing, really.

[pajak666]

oh it's the same thread again...

[heartbit]

As you can see, in the past few months, bad news easily pressed bitcoin price down from top bubble $12xx to $2xx/$3xx, 83% lost, the bitcoin bubble started to burst since there.

we saw so many good news came out in most recent weeks, however the bitcoin price down trend can not be stopped, we are still dropping from dead cat bounce $680 to $540 and now bounced to $610 ...

why? because the bitcoin bubble is going to burst harder very soon!

do you think we are back on the train? wrong! we are in the fake "normal" period, the cliff is just in front of you!
If you buy the fake "return to normal" delusion, you would lose all of your money!


https://i.imgur.com/CUAZ8ax.png&t=541&c=_LgJdql6uKKifA

https://i.imgur.com/W4auDjC.png&t=541&c=3Wc1gLFBtJzo3g

they look similar? Fear + Capitulation + Despair are coming!!!

Long time lurker... just couldn't let this pass... 

Yes - it looks familiar - I've seen something like it before...:
https://i.imgur.com/Rbi9FE5.png

That's Berkshire Hathaway Class A stock chart 2000 to 2010...
... you can see all those "mania" investors piling in all through the MANIA phase and can imagine them despairing in the BLOW-OFF phase
...except of course, Berkshire Hathaway has gone UP more than a little since then, and now trades well ABOVE the "mean" line drawn here...

If you look hard enough, you will find a pattern in the chart to support whatever interpretation or position you want to take. Just because the chart looks like the professors stylised version of a "mania" chart, doesn't mean that bitcoin is a "mania" investment.

The key difference between a "mania"-fuelled bubble (like tulips, the South Sea bubble, even housing pre-crash) and an investment that is simply volatile and on track to grow spectacularly is that in a "mania" the price is not supported by the underlying fundamentals. You can look back and smack your forehead that people EVER thought tulip bulbs could be worth more than a home. I mean seriously, c'mon??

However, Bitcoin could literally rewrite the rules of money - and if (when!) successful, will provide immense value. Obviously there are risks that threaten its success which must be accounted for - but the fundamentals definitely support a premium price IMHO.

I believe we are still in the relatively early-adopter phase given the potential size of the market Bitcoin serves - a position which is underscored by the daily news of new merchants adopting Bitcoin - so I expect we will see the price rising significantly from here.

[falllling]

see? the down trend just started

$5xx $4xx $3xx

[yrtrnc]

see? the down trend just started

$5xx $4xx $3xx

I wouldn't get that hopefully just yet

[blatchcorn]

see? the down trend just started

$5xx $4xx $3xx

Let me guess it is going to take another year or two to get back to $600?

[ThatDGuy]

This board deserves a better class of troll.

[blatchcorn]

see? the down trend just started

$5xx $4xx $3xx

I wouldn't get that hopefully just yet

Yup.  This basically what he is doing

[okthen]

There should be some sort of fine for people posting the OP chart AGAIN.
If we go down to $500, what does it have to do with the "bitcoin bubble bursting"?
This bubble has burst some months ago, and we're now in the midst of a consolidation period with its ups and downs. $500 wouldn't mean much.

[heartbit]

There should be some sort of fine for people posting the OP chart AGAIN.

My apologies. Literally my first post.

In my defence, I included it so I could point out the visual similarity between the OPs chart with a similar chart of the Berkshire Hathaway stock price, so I kinda needed the images to make my point that the chart by itself does not mean we are in a bubble.

Anyway, obviously still learning the ropes - lesson learned.

[nwfella]

There should be some sort of fine for people posting the OP chart AGAIN.
If we go down to $500, what does it have to do with the "bitcoin bubble bursting"?
This bubble has burst some months ago, and we're now in the midst of a consolidation period with its ups and downs. $500 wouldn't mean much.

lmao...some sort of "for not being original" premium fee if condition actually happens

[tabnloz]

This trolling comes in waves. All of a sudden we get 3 or 4 similar posts from new accounts.

Boring!!

[bozo333]

OP, I have news for you...

...Nobody can see the future. I have been in the commodity speculation business for 20 years, and while we do use historical data to predict changes and trends in the end nobody knows anything. I have seen bubbles get WAY bigger than anybody thought. And I have seen sure things that could never go under just pop. The only thing you have control of is your own willingness to take on risk. So please don't make the mistake that YOU are calling an end to ....anything.

PS: I can tell you when you want to get out of a bubble (be it stocks, real estate or whatever)...it's when you see house wives on TV talking about their schemes.

[falllling]

the dead cat bounce finally being weaker, $500 is coming

[blatchcorn]

the dead cat bounce finally being weaker, $500 is coming

You are clearly falllling for the bear trap 

[falllling]

the dead cat bounce finally being weaker, $500 is coming

You are clearly falllling for the bear trap 

after the 20-30% off discount auction of 30k bitcoin, the buyer will dump all btc at once at market, then we see $500 and $48x

[DubFX]

the dead cat bounce finally being weaker, $500 is coming

You are clearly falllling for the bear trap 

after the 20-30% off discount auction of 30k bitcoin, the buyer will dump all btc at once at market, then we see $500 and $48x

There is not just a single buyer it will be like 10 auctions or so, i don'tremember exact number.
And if the info of these leaked contributors to auction is real then they will hold for sure!

[alexeft]

the dead cat bounce finally being weaker, $500 is coming

You are clearly falllling for the bear trap 

after the 20-30% off discount auction of 30k bitcoin, the buyer will dump all btc at once at market, then we see $500 and $48x

You should troll harder!! We will see single digits!! 

[spazzdla]

see? the down trend just started

$5xx $4xx $3xx

If you are waiting to buy BTC at $300, you're gonna have a bad time.

[SnakePlisken]

see? the down trend just started

$5xx $4xx $3xx

If you are waiting to buy BTC at $300, you're gonna have a bad time.

Yeah, never going to happen. $500 is a very solid support level. Even if there was a dip into the 4s, it would be very short lived.

[nwfella]

If bitcoin drops below $500 I'll eat my girlfriend edible panties (assuming I can find a place online to purchase a pair with crypto)

[Raystonn]

If bitcoin drops below $500 I'll eat my girlfriend edible panties (assuming I can find a place online to purchase a pair with crypto)

Ok, but they must be worn by fonzie at the time.

[Malin Keshar]

it is just manipulation for the buyer of the FBI auction get cheaper coins.


Start to speak about bubble if we still falling in the next month. I think its possible the 27th we see a recover, like we did in the day of some of the chinese bans

[Swordsoffreedom]

I'll be happy when the Silk Road auction completes
Then we can see how much interest was there and what the market players* decide the fair value of the series is worth.

* Richest groups in the world based on their market cap requirements

[Benjig]

The guys who say that we are heading down to 400 or something is because they sold all their bitcoins already but have a regret and want to buy them cheap, easy.

[Swordsoffreedom]

If bitcoin drops below $500 I'll eat my girlfriend edible panties (assuming I can find a place online to purchase a pair with crypto)

Seems worth quoting anyways I also think the price will hold at least until the SR auction
Then move depending but best have a picture in handy just in case
(Think the Sexcoin store sells them)

[Bobsurplus]

it is just manipulation for the buyer of the FBI auction get cheaper coins.


Start to speak about bubble if we still falling in the next month. I think its possible the 27th we see a recover, like we did in the day of some of the chinese bans

What cheaper coins, anyone who's anyone knows that when you buy something from an auction that you set a market price for that product.

For example, if you sell a Beckett 10 Micheal Jordan rookie at auction for 100K then that becomes the market value for that card.

You really think these guys buying lots of 3K bitcoin, especially circle wants to devalue their investment. Hell no.

If I was circle I'd be trying to pay top dollar for those lots in order to bring their other coins values up!

[trader001]

see? the down trend just started

$5xx $4xx $3xx

If you are waiting to buy BTC at $300, you're gonna have a bad time.

Yeah, never going to happen. $500 is a very solid support level. Even if there was a dip into the 4s, it would be very short lived.

The support line is at $400.

[JimboToronto]

The support line is at $400.

LOL 

[fonzie]

The support line is at $400.

LOL 

Next support 250-280$. After that a small bulltrap to 400-430$ before we go down to 180$.

[boumalo]

All the good news are piling up and the price is going down, we will have a huge spike up in price at some point welllll over 600$

In addition, the USD is getting closer and closer to its dismiss and the western financial system is getting to its last tricks to fake health, they will resort to lies to hide the truth of the crisis but they won't be able to hide the crisis anymore, they will say it is the weather, the immigrants, russia, china, the war, the banks ect.

[gondel]

Hi,
I am very optimistic person but when I am looking at this graph right now I am not sure if our postition is the  "fear"
May be yes may be no. Please comment.

[fonzie]

Hi,
I am very optimistic person but when I am looking at this graph right now I am not sure if our postition is the  "fear"
May be yes may be no. Please comment.

Yes, right now we are at the beginning of fear!

[chesthing]

Fonzie is constantly in the Poliniex trollbox shilling Monero these days. This may be his motivation for his btc fud perhaps? (he's under the delusion it's the next btc)

[lay785]

chart is pretty scary looking

[knightcoin]

so I guess in 2020 timeframe I finally will be rich LoL ..