Get started

Bubble

The Bitcoin BubbleBitcoin was the most amazing bubble in known human history, starting off from essentially $0 and topping out at $20000 with everybody and their grandmother trying to find the geek of the family to find out how to buy Bitcoin in exchange for shepherd's pie. Can you say.....REKT? :D Bitcoin surged on news of Chicago Mercantile Exchange CME introducing cash settled Bitcoin Futures. I remember sitting in the car with my Ipad on BitMex watching the price surge several hundred dollars from $7000 seemingly in a few seconds. Bitcoin was the real deal, everyone was going to get a Lambo for their genius ALL IN strategy, and the governments we're gonna be overturned because of our rebellious, shiny new CRYPTOCURRENCY. We assumed Institutional money was about to start pouring in from all sides since we also assumed that CME adding futures meant that they ACCEPT BITCOIN. We thought we won, and the dollar was dead and Fiat was history. Boy! were we wrong. the price had continued to increase significantly during November. You could just open a long with a loose enough liquidation price on BitMex and buy a new car in a week. You trusted Bitcoin. IT WAS ALWAYS A BUY. Everyone who HODLed from he early days was now a genius, Ethereum and Litecoin took off, ETH reached around $1400 and Chikun flew, to like $500. Which was a bit alarming, since I only entered this space about 3 years ago, and Ethereum was like $4 last I even remember and LTC I didn't even give a sh*t about. In fact nobody did. Nobody even knew what Bitcoin was. EXCEPT FOR THOSE WHO DID. Bitcoin was used on the darkweb for anonymous transactions for many years on onion domains like Silk Road and Alphabay. The public had a somewhat negative outlook towards Bitcoin. AND THE NEXT THING YOU KNOW? It's 17k and now you look like an idiot for not buying any. Your first reaction? You get your credit card out. Buy all the Bitcoin you can, and sit on it. I mean....ITS GOING UP RIGHT? It goes to $15000. You made the right descision. It goes to $16000, your ego goes 2x. It goes to $19500, you've become a walking, talking Bitcoin advertisement telling everyone and they're dog to "BUY BTC ASAP". And they do. It tops out at $20000. Next thing you know, it's falling thousands of dollars a week. We've been priced out because we didn't put a stop loss in. Some sold their houses. Some sold their car and bought a bicycle. WE BOUGHT BITCONNECT! We did pump and dumps. We bought shitcoins...we did it all. It was great. It was the biggest bubble in human history, and I'm proud that I could be a part of it. Thanks for reading guys, See you in the chat! :) RaoulHayes
BITFINEX:BTCUSD
by RaoulHayes
54
Bitcoin: a huge scam created the biggest bubble in HistoryThis message is for the cryptomaniacs that are still brainwashed regarding the situation of Bitcoin and that are calling me a noob since a few months : Bitcoin is the future of money, a virtual gold, only smart people understand its true value, it is a gift from Gods, i am too stupid to understand it,... The problem IS that i UNDERSTAND it. The rich persons that own almost half of the Bitcoin, brainwashed you through any kind of network to buy Bitcoin . This huge artificially created demand made you believe you will become a millionaire buying Bitcoin. They have got half of the avalaible coins, you rushed the trading exchanges to buy Bitcoins in mass because of their brainwashing on you, your Fomo and your greed. Bitcoin became more and more rare as coins are almost not used as a currency and are instead stocked in virtual safes, the extra huge demand compared to the small supply made the prices explode. And the value crashed to the downside when the whales sold in mass. They stole your money, and you keep on dreaming about Btc. Bitcoin itself is not a scam, blockchain is awesome, the way bitcoin itself is mined and transferred is awesome. The existing scam that i want you to realize, is the manipulation these whales did to you to make you think you absolutely need Bitcoin. Their idea was indeed extremely good. This whole move of Bitcoin Holy Grail label is a monstruous fraud. They managed transforming a crypto currency into an sort of Ponzi scheme asset like. Don't you see it? Governments, banks and investment funds are warning you since months that Bitcoin is a fraud. You think it is for no reason? And i am not even talking about the monstruous price manipulations, Tether, pump and dump schemes, Bots artificially pumping the prices, ... If you think Bitcoin is the future as a currency, you are wrong. Almost every country in the world is about to regulate these coins. When they say regulate, it does not mean they intend to regulate them in a positive way, wake up! They intend to shut down bitcoin beeing used as a currency, it is extremely dangerous for governments as it creates risks of fraud, money laundering, they need and want to control their money, and believe me, they will terminate the use of Bitcoin! They can, and they will do it. They will regulate it as beeing a stock, not a currency! they are saying every day that Bitcoin is not a currency, but you are blind because of your brainwashing and DO NOT even see governments warning messages. This means you will only be allowed to trade on recognized exchanges! If you have financial knowledge, you know what it means: no more Tether, no more price manipulations, no use as a currency but as a stock only. Countries decided right in front of your eyes about Bitcoin Faith during the G20 meeting: they want and they will regulate this cryptocurrencies market. They want to regulate its speculation! you know what it means? Open your eyes, it means they want to stop this Bitcoin Label scam that brainwashed so many persons to speculate on Bitcoin, they will terminate the fraudulent market and they will certainly terminate its use as a currency. Bitcoin is extremely highly priced because prices are manipulated since a few years, you have to realize this too. Human trading did not raise the value of Bitcoin from 1 dollar to 20.000 dollars! When this market will be regulated, this will be game over for the Bitcoin you know since all those years. You would still be able to trade a non volatile Polly Pocket Bitcoin. Finally, i want you to face the gigantic bubble of 2018. Its pattern structure is a Nasdaq Composite pattern type, this ressembles in nothing to the previous crashes (already made by whales) of Bitcoin, i am sure you can see it. This 2018 crash is the biggest bubble humans have ever created in term of value, and if you do not realize this, ask yourself why you are too blind to see this market speed-light collapsing right in front of you, and try to save your money...
BITSTAMP:BTCUSDEducation
by Giovi6969
143
S&P 500 - Could be bloody.S&P500 parabola is violated, so a classical retracement would take it to 80% (classical charting from Peter Brandt, I recommend), I spotted a bearish sign on the RSI (decreasing RSI, increasing price). EMA 200 was acting as support but I m not very hopeful. The current parabola trend and its violation look like the parabola violation in 1929. In addition, since 1950, the S&P 500 has been down 2% or more on a Thursday and Friday only 7 times, including last week and the '87 crash. Like it or not, this pattern looks the hell like the classical bubble pattern (Wallstreet Psychological Market), and it is exactly what happened to Bitcoin $BTC in December 2017. Since many other markets are in the red (S&PFuture, Nasdaq, SmallCaps, Retail, Tobacco, BanksSub, Oil&Gaz, ....) it looks potentially bloody to me. I am no expert, nor I do financial advice. Just sharing opinions here.
SP:SPX
by TheLegoCrypto
BTC's fifth Elliott wave countI tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target. It might take months to wrap up the slowest fifth wave, but this is just an exercise in analyzing bear market development. There is another option, that with yesterday's dip we've finished first wave of the new bull cycle. It's really mixed signal territory at the moment.
BITFINEX:BTCUSDShort
by OrionInTheSky
2
Everyone bullish again, that makes me feel confortableOn my last update, I said that I could imagine a bull run much earlier. Now I have changed my mind. Many authors on TV have presented the ideas with a falling wedge. For a short time I had the same idea, but I noticed that it will not work with a very high probability. The target of $6500-6200 remains, which I already had as a longer target. From that point on, I will watch closely. However, as a result of my technical analysis, we would also have to break this target and approach the $5000-4000 area. I'm pretty sure we'll have a bull run after that. Bitcoin will rise. Then, it will surely end badly again. I've got targets like $2000 in my mind, so Bitcoin will not move much for a very long time. Good luck.
BITFINEX:BTCUSDShort
by E557
55
Bitcoin is out of the long established bullish trend?Bitcoin is on the brink of dropping out of long established logarithmic bullish trend. This trend has continued for about a year and currently we are seeing price levels continuing to drop below the support lines. So far upper trend lines have acted as support for newer and stronger bullish momentums, setting up stronger and stronger bullish trend - price would find support on previous resistances. Since the correction from Bitcoin's ATH, that phenomenon reversed and we are starting to see old supports to act as resistances. If bears get hold of BTC below the 7500-8400$ levels, we might see further support on the upper border line of the older bullish trend from two year long 2015-2016 period, converging around 2500-4000$. Until that moment, we have strong supports in 7500-7800$ and 4800-5000$ zones.
BITSTAMP:BTCUSDShort
by OrionInTheSky
Double Top neckline Broken.In this variation of my most recent chart we see that the downward pennants (continuation patterns) are playing out and the price has finally broken the neckline of the Double Top. This validates a downward breakout. This should have triggered stop losses if you hadn't sold already. In addition to the neckline being broken we also see that the crucial 50% fib retracement level has also been broken. This is an additional validation of a continuing downtrend. Any time we see a break above or below a .5 Fib line we expect to see the trend continue in whichever direction it was headed. At this point I would not buy in until volatility diminishes and bollinger bands narrow at some point in the future. If you attempt to buy in until then you are essentially attempting to catch a falling knife. It is time now to abandon emotional hodling and make this potentially dire situation work out in our favor. We have the opportunity to double our holdings by waiting for the right moment to re-enter the markets. Otherwise we will be stuck holding bags awaiting recovery. But most people will eventually cut their losses at the exact wrong moment, somewhere near the bottom where people like me (hopefully) will be slowly buying back in and accumulating all of the coins lost to negative market sentiment. If you don't feel comfortable executing trades in this bear market then I would suggest you avoid looking at charts for a long while. The last time this type of market crash occurred for Bitcoin it took two full years for the markets to recover. Those who didn't sell at this point in 2014 watched their BTC go all the way down from 1200 to around 200 USD and fluctuate around that level until the winter of 2017. It is very possible that this can occur again. Before you respond with emotion and negativity I would ask that you please evaluate yourself and see if you are being subjected to confirmation bias. Otherwise, all disagreements, criticism, and competing arguments are encouraged and welcomed. I'm here to make money and to learn. If you have a strong suspicion that I am wrong, I will gladly accept any criticism.
BITFINEX:BTCUSDShort
by VanBenno
1
USDJPY: Potential CD leg to 91 handleHow long can the BoJ maintain its zero yield curve targeting with the growing divergence between US rates, strong GDP numbers and Abe's strong arming of Japanese corporates to raise wages? Looking for the USDJPY to test 100 congestion zone in the medium term followed by the 91 handle over the longer term. Extrapolate the strength of the USDJPY to the DXY and consider the inflationary impact on US imports (notwithstanding Trump's trade wars) and of course equities. Note, this is not going to be one a straight line move to 91, so trade accordingly.
Short
by WellTrainedMonkey
Only lazy did not do itMany who have already compared the dot-com bubble with the situation that develops in the crypto-currency market and in particular with Bitcoin. Basically, the decrease in BTCUSD is compared with the beginning of 2018 with the collapse of the NASDAQ index in 2000. It is not entirely correct to compare graphs to a straight line since there is a significant difference between market volumes and the development of technologies in general, which are used for trading in these markets. Exchange activity during the boom of technology companies, as well as the idea of Internet trading, as just beginning to develop. Therefore, we see that the price actions are slower and less in percentage terms compared to price fluctuations in the market of crypto-currencies. It is worthwhile to compare fundamentally the situation with dotcoms and the market of crypto-currencies and to pay attention to the stage at which the blockchain sphere and Bitcoin are currently located. The bubble of dotcoms was formed as a result of the emergence of a large number of new Internet companies (GOOG, YHOO) and companies that began to rapidly reorient old business ideas on the Internet (AMZN, EBAY). In the field of crypto-currency, the same situation occurs: many new companies come to the market with their projects and receive funds for development by conducting initial coin offering and pass the listing procedures for exchanges(CREDITS), and existing and functioning companies start using blocking technologies as in separate projects(IBM), and completely reoriented, and give the leading role to crypto-currencies in the company's further strategy (KODK, RIOT). According to technical analysis, if we consider further price movement after the collapse of the dotcom bubble, we can see a long and stable upward trend, if we do not take into account the 2008 US mortgage crisis. Now the price of BTCUSD repeats the same pattern of motion, so there is a high probability that the downtrend will be broken, and an upward trend will begin that will be much faster and more volatile compared to the price movement for technology companies in the US stock market.
BITFINEX:BTCUSDLong
by Pricemann
Bitcoin Bubble? What is it exactly.Bitcoin. It developed a succession of bubbles since it exists. We will not talk here about what makes an asset, or a cryptocoin look like a bubble, we will just gonna be studying Btc. We can see that some of the bubbles were bigger than some others. Every time a bubble bursted, Btc came after some time with a higher value. Btc seems to be an accumulation of bubbles inside a bigger one. Think about Btc beeing in a 2 dimensional space. Btc would be able to sustain a certain quantity of cumulated bubbles, before the accumulation of bubbles becomes unsustainable for itself, its health and its reason to remain high valued. In this exemple, i showed a possible Btc bubble burst by the top of the main bubble. The accumulation of a too high and too quick price increase, broke the overall geometry of Btc health, making it possible that Btc is irreversibly hit and will not be able to get back to this height. As you can see, the size of the overall Btc health will not make it able to reach this height anymore because of its curval form. All of this is purely hypothetical. The overall size of Btc health might be even bigger than it is right now, and we could be in the middle of another random bubble, and there might be 2 more to come, 10 more to come, and Btc could reach a value of 100.000Usd or even more. It all depends on the real health size of Btc. What makes the health size of Btc is its definition of itself, and its utility over time. If its global maximum capacity health gets pierced, it will probably not allow anymore higher bubbles to exist inside, which means the prices would remain lower that the high piercig top price. The curved geometrical form would allow Btc to form smaller size bubbles for a short time until Btc could remain a sort of stable Virtual asset with lower prices, trapped into a limited sized curve.
BITSTAMP:BTCUSD
by Giovi6969
3
BitCOiN OBViOUS BUBBLE CHART. I INSiST.......Hi all. Back again with my idea that BiTCOiN is living a classic BUBBLE burst and I maintain target minimum to 3000 (unfortunately even lower, or fortunately for those who sell). Previous comment from other users point out that the daily chart shows that the downtrend is still intact. I insist on saying that Bitcoin must be sold on any pullback. While 8000 remains the next major support, a closure below that level will target 3000 straight with minor support at psychological level of 5000. Why minor? because the pullback from 5000 will not be as large as the one from 8000....All those who are selling now are those who missed selling above 10,000....and below 8000 the move will accelerate as panic kicks in. If you look at any financial Bubble in history they all have the same chart, the same patterns and the same behavior. Why? Because humans are driven by greed and soon by fear. Don T forget that Bitcoin started dropping when professional investors kicked in the game with the CME Futures market, these people can sell (or Buy) huge amounts. Don t get caught long in a bubble burst.....
COINBASE:BTCUSDShort
by TheForecaster