Bitcoin Riding the "Bubble Line" Pretty Tightly

[Sherb]

If you've been in this section the past several months, you're surely aware of my sky-is-falling Crypto is a Bubble threads. I've been spouting that annoying shit since May, and speculating incorrectly the burst point for Bitcoin (which while not "crypto" defined, still represents almost half of all crypto "market cap"). Sidenote: congrats to Ripple for passing the scam that is Bitcoin Cash for third highest market cap.

So, is this tight line-riding coincidence still, or is this a sign of a big drop to come?

 

[Deleted member 719276]

I don't know, but I think that if there is a letter A, you can see how the first part of the letter A goes up -> / and how the second part of the letter A goes down -> \ so it becomes /\. If we don't count the - between the two core parts.

 

[LuckyCharm007]

I’m hoping it does one last push to 25k. I went in at $13 069 last Friday with a leverage of 3.5:1 and hoping it gets to 25k to sell.

That would be the easier 42k I have made in my whole life.

 

[NagacomesforU]

Ah yes I was wondering when you would make another 'shit on crypto' thread.

 

[Sherb]

Ah yes I was wondering when you would make another 'shit on crypto' thread.

all i can saying is...

arent you not tired of being wrong all the times???

why do you caring so much about peoples buying cryptos??? is it an insult to you???

if a person chooses to smoke... do you go to him and saying "you going to die of lung cancer man... 2 years later..."
then 2 years later.. "oh i was wrongs.. but maybe 1 more year you will die of lung cancer." then 1 year later... "ahh haha you have coughing.. game over boy you're going to die from smoking" then the person's cough recover then you say "hmm i see you not walking right... it is a sign you're going to die of cancer."

that is you...

if it bursts or not why would you care if people already know of risks??? seriously??? is it an insult to you like someone punch yous?

nocoiners are reallly annoying

Fear not, as I'm not completely blinded. I put a good bit into BTC and ETH at the dip, and popped some solid coin into BCC as well. Already gained a good bit and it's held well for the past few days. If I hit 25% return I will sell and enjoy my gains without getting too greedy. If it goes to 25% under my investment point I will sell and consider it another lesson learned. The end.

Solid username, though, @LOL@NoCoiners. And I will never get tired of being wrong. There is no better way to learn, savax.

 

[hacko]

nocoiners are reallly annoying

but nowhere near as annoying as coiners

 

[xinga]

nah....there will be some bursting bubble soon..but i predict it will be somewhen in the middle of 2018..august? september - who really knows.
the market cap of bitcoins is still way to low... bubble will burst when the best friend of your mum decided to put part of her retirement savings into bitcoins. We are not there yet..not by far.

We are currently only at the very begining institutional buyers have access to this market (unlike your chart). They will start to rig it (like all the others) and they they'll pull out.

and at the end of the day: With a volatility this high any hodler misses out 80% of the performance ...so your chart is utterly irrelevant anyhow.

but nowhere near as annoying as coiners

wow...if 2017 was the year of plant based food (once called vegan) versus animal abusers...2018 will be hodlers vs bubbelist.

 

[BloodyNinja]

There are no fundamental reasons for uptrend reversal yet.

 

[∂αякѕтαя]

Maybe the current top was of bear trap(awareness phase) and we have yet to see the real peak? In any case even if bubble bursts we will see another coin take its place. There are many coins out there with pretty solid project. 2018 will be very interesting either way.

 

[Nut-Nights]

On serious note, countries need to take proper step against virtual currency for real.

 

[hungtulo]

this whole crypto thing is scary and fun all at the same time... Cuz no one wants to miss out on the next big thing

 

[mondol786]

When I saw btc post then i am always says that be care-full, be careful its not only Btc its fire. any time can burn. Now its happening

 

[F4lken]

If you've been in this section the past several months, you're surely aware of my sky-is-falling Crypto is a Bubble threads. I've been spouting that annoying shit since May, and speculating incorrectly the burst point for Bitcoin (which while not "crypto" defined, still represents almost half of all crypto "market cap"). Sidenote: congrats to Ripple for passing the scam that is Bitcoin Cash for third highest market cap.

So, is this tight line-riding coincidence still, or is this a sign of a big drop to come?

I think is more fair to compare the "crash" with previous crashes instead of a generic bubble graph

IMHO this whole crypto speculation bubble cannot really be compared to a "traditional" bubble...why? Because people HODL

No bubble in history people hodl no matter what, and blindly trust cryptos like the cryptotards does - they believe FIAT is the bubble.

So more than a bubble to burst I think this is more a huge capital movement from old to new tech, where slowly "dead" limbs are cutted off (99% of altcoins) and money flows trough the newer tech ; maybe it will finally will be concentrated in 2-3 huge "definitives" cryptos worldwide adopted/ recognised .

 

[William702]

arent you not tired of being wrong all the times???

God Sherb, yeah whats going on, aren't you tired of being wrong yet

@LOL@NoCoiners If he was right would you be posting this? If two people have opposing opinions one person is always going to be wrong so you said it best "why do you care???" If people think its going to burst cool, if people dont think its a bubble cool. If you own coins cool, if you dont cool. It really makes no difference does it.

it is liking to people who smokes, take drugs or having sex with no protections

WHOA WHOA now, I like to smoke drugs and have sex so please dont lump me in with these people!!!

 

[zionbar]

Idk bro all i know is i did a tripple on my ripple

 

[F4lken]

Fear not, as I'm not completely blinded. I put a good bit into BTC and ETH at the dip, and popped some solid coin into BCC as well. .

 

[ChangGun]

Demand for btc will fall because of its high transfer fees conpared to other coins

 

[AlanWatts33]

I have yet to see the hype with bitcoin. What, like 1% of the population holds it?

 

[raregem009]

Demand for btc will fall because of its high transfer fees conpared to other coins

Not really because you need to buy btc first before converting to alt coin most times

 

[AlanWatts33]

Not really because you need to buy btc first before converting to alt coin most times

Just throwing this out there, qash will hopefully help solve this when they make USD and all fiat pairs, plus they connect all the exchanges orders to solve liquidity issues. Qash will be one of the biggest coins next year.