The Bitcoin bubble bursted, say GOODBYE to $600

[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.