btc bull now or hard crashyes i did was of opinion btc was going to go down in previous analyses because of CME futures, it just gives them the power to bid btc lower.
They are in charge of money they can make bank accounts of trialions just to hedge bitcoin down, don't be a fool and think btc has ultimate decentralised powers, not at all!
Not if it's going to be continued price settled on exchanges.
Only if it will be given a fixed value it will be decentralised. Btc is not at all what it was mentioned to be (or was it just someone with a good noice for money).
If you want btc to go up you will have to help pumping btc up, I am of the mind banks have betted against btc, have bought up btc at very low price for a huge ammount, they have a lot of power to bet btc down and at this moment it's the crucial point where it will either crash down or still lives for some days upward
Bubble
Kodak getting pumped (and probably pumped)Eastman Kodak has has been going crazy in the passed 3 days on their adoption of "blockchain technology" (everybodies favorite buzzword). And it has grown nearly 250%. Not only is that absolutely insane for the current market but Kodak has had a losing streak pretty much since it has gone public... To top it all off, take a look at the volume: more shares have been traded in the last 3 days than have ever been traded in in Kodak's entire existence. If that doesn't ring any alarm bells, at least it adds to the long list of things that make cryptocurrency the dotcom bubble all over again.
Jean-Paul Rodrigues "Stages of a Bubble"I zoomed out on BTC and immediate remembered the Stages of a Bubble diagram by Jean Paul Rodrigue. At the same time I am bullish on Bitcoin long term. Always nice to check yourself and your hope, markets dont care about how you feel. "Never fall in love with a stock".
en.wikipedia.org
Is bitcoin in a bubble? By Guest editor Zahra
When you look at the parabolic rise of bitcoin, from its genesis January 3, 2009 to the first transaction for a pizza in 2011 to its peak in December of 2017 you may feel that it is in a bubble .
What is a bubble?
We usually use the term to describe a rapid inflation in value terms followed by a deflation.
We think of recent bubbles such as the housing bubbles ( Canada, USA, Australia ,Hong Kong, Singapore much of Europe and the stock market bubble which are ongoing. There are others that have risen and fallen such as the and the dotcom bubble , the famous stock market crash of 1929 in the USA. In the distant past we have the South Sea Island bubble because of which even the genius Issac Newton lost everything. Before that the Tulip Craze in the Netherlands where people sold houses for tulips.
On the other hand we have many companies that have had parabolic growth and still exist today. Examples include Google , Facebook and Amazon.
By bringing new technology that changes the lives of many and offers a new way of doing things.
So Does Bitcoin offer this? I think that it does. The whole idea of a trustless numerical system, in which the data is the value, has stimulated coders and others to think in a different way. Blockchains , Ledgers and tangles were words unknown several years ago. These concepts will allow us to organize our interactions in a more efficient manner. Whether we like it or not they are here to stay. When combined with the advances in Artificial intelligence and robotics we get an idea what the future can hold. The telephone and communication companies already realize this and are rolling out their 5G networks all over the world. The speed of these networks is unnecessary for our current needs. We can download a movie in a second but we need to spend 3 hours watching it. However it will be necessary for the internet of Things (IOT) . This is a completely interconnected world which will arrive sooner than you think.
However , on the negative side for Bitcoin we have several governments/banks who are running scared. Government officials and bankers in several countries are playing the terrorism card. The establishment can block funds to crypto exchanges and can refuse to accept funds returning from these exchanges. As Gandhi said; First they ignore you , then they fight you , then you win.
Certainly these opportunities will be seized upon by other banks and other jurisdictions. Those that look to the future instead of being scared by it such as the Japan, UAE, Hong Kong ,Singapore and even Estonia.
Part 2 tomorrow
BLOW OFF PHASE? speculative bubble scheme.We all believe in cryptocurrencies and the technologies behind. But only a blind couldn't see that's it is a speculative bubble. The scheme is typical, very clear and acurate.
Although we knew several strong corrections in the past, this one could be different. Indeed, the past corrections were BEFORE mass public investment. It means that the market could be governed by fear. Those we call weak hands maybe have the power to change things at their expense. Of course there is also whales, which manipulate the market and finally take their benefits.
It's also interesting to compare this bubble against others. I.e the URANIUM BUBBLE of 2007. Institutionial futures contracts are often the final point of a bubble. Daily charts and weekly charts indicators are pointing down.
Which possibility are you going to chose?
-Buy more BTC and hope that it's just a "normal correction"?
-Hodl and your patience will probably pay?
-Sell and re-buy cheaper?
It's up to you.
Don't hesitate to comment your opinion, it would interest me A LOT!
BTC - Is Bitcoin Actually A Bubble?Here's where I currently stand with Bitcoin:
BTC:
SHORT TERM - BULLISH
MID TERM - BULLISH
LONG TERM - BULLISH
Taking a look at short term at least, we see a bounce off the same Fibonacci Retracement level twice and we see a golden crossover in our MACD. I would be willing to make the bet that Bitcoin is green in the next day.
Now for our long term doubters, how can you consider Bitcoin to be a bubble?
A bubble by defintion in history is when something exceeds its "intrinsic value". However, the true intrinsic value of bitcoin could potentially be tenfold that of the price today.
Let's take a look at graphs that look similar to Bitcoin's growth. For example, here is the Size of The Federal Reserve Balance: pbs.twimg.com
Correct me if I'm wrong but doesn't that look almost identically like the Bitcoin graph. Would the Federal Reserve consider their own existence to be a bubble? They surely consider bitcoin to be a bubble and Janet Yellen has gone as far to consider it a "highly speculative asset" and " legal tender".
If you take nothing else out of this thread, listen to this: Bitcoin is a currency and assest like no other, in fact, it has created its own asset class. If you believe that Bitcoin will exist in some form in the future, then by all means invest into it today and join me in benefiting from its growth
History likes to repeatI know you call me crazy to predict prices such as 100k per BTC, however I see so huge hype on crypto market that this is possible scenario.
Bubbles have one biggest issue - nobody knows when it will break. Usually bubles grow to the levels that nobody expect. Despite we already reached unbelievable levels we may only guess where is the top.
I expect insane FOMO - at least 5 - 10k$ per week interrupted by very fast corrections.
Let's see how it will play out.
Good luck Hodlers and Gamblers
BTC 1 month chart prediction, multiple reasons/argumentsBTC will is creating a Shoulder-Head-shoulder patern.
On mid-long term BTC will follow this trendline in my opinion.
Multiple reasons are listed for bullruns and drops.
Some of these reasons are the listing on the stockexchange (18dec) and the new "weak hands" it will bring allong.
Also worth mentioning is the fact that people are getting a christmas bonus.
Some people will use it to buy the new "trendy" bitcoin.
Keep in mind that this also happend with gold and silver after they got mentioned on TV.
After this "Dip" BTC will rise again, I don't expect a real crash, just a small correction after the 1700% gain this year.
For long term investors (+2-3 months hodler's) there is nothing to worry about, just buy some more in the dip if you want to triple that money in a few months.
4x monthly growth corresponds with CME futures launchAnother doomsday prediction (more for fun to see if it really plays out) for when the BTC bubble will pop
The April 2013 and the December 2013 bubbles saw a maximum of 4.3x and 4.5x cumulative monthly growth figures in the 2 days before each bubble popped.
Until last week we were sitting quite comfortably in the 2x monthly growth channel. However with the recent run-up and dump, the new channel that has formed(?) looks likely to be an 8x monthly growth channel - i.e. BTC will double over the next week. This will lead us once again to a 4x cummulative monthly growth - similar to what BTC did twice in 2013.
Usually there is a trigger though as to the price movements. I think the CME futures is the carrot on the stick which will lead to this growth. What actually happens on the 18th of December is anybody's guess though. Maybe the Korean's release some major FUD about banning exchange, or maybe there's so wild manipulation with the futures by wall street and co will dump the price. Or maybe people will just be like, "yup this is too crazy, I'm getting out " and the panic selling starts. Who knows. Maybe the bubble won't pop and we truly are in "new paradigm" territory as stated on all the charts describing sentiment around stock bubbles. Either way, bubbles have happened way too often in history, and in my opinion, this time is no different. Anyway, my random bubble pop target is 25k€ or 30k USD
This graph is mainly so I can have record of what happened. If it holds true, I'll be setting sell stops 2k€ below the current price after we hit 20k€.
BTC-USD | SHORT NOW! THE BUBBLE HAZ POPPED! | PANIC NOW!MCDAF-RSI HAS CONFIRMED PERMANENT DOWNWARD MOTION. we have seen major bulls run through rebel resistance and the empire was winning. THANKFULLY, USD IS FALTERING and it's only a matter of time before BTC becomes Planet Earth's next default currency.
Unfortunately, BTC will need to bankrupt a lot of greedy, fragile, impulsive idiots before we see bullish divergence. Once the whales and institutions fulfill their conspiracy to trigger a bear run, we will see BTC drop 9204357203957823095782309582309582309qu785%. But we all know what WARN BUFFET said: "Buy when there's blood on the charts" That mean,s, u gotta buy whenever there's a 12% drop. Because after u buy, prices will sky rociket,.
Price Target: $1500
Entry Price: $14000
Position Size: $2.52
Stop-Loss: $39,000 (inshallah, in sha Allah)
The Biggest Bubble in the History of BTC is in the MakingIn the history of BTC, 11,000% (2.2-250 USD) is the most gains it had before a long term bear market. At 17,000-18,000 USD, we equal those gains.
Exceeding that means that we are now in the biggest bubble in the history of BTC.
Currently we are at 15k, 2k away (10-20%) away from that milestone.
Think about that for a second.
Not calling the top, but if you ever want to take profit long term, now could be one of the best times to do it.
Dec 5, 2017 Bitcoin 2017 Bubble Price Forecast and Analysis
Bitcoin has left the historic blue "value channel" and started on parabolic trajectory into a bubble run once again.
Refer to 2013 years in chart for last two bubbles analyzed.
~Top 2017 bubble price forecast ~$49,500
Watch for breakdown of parabolic line with bearish candlestick/TA to signal popping of the bubble.
Expect significant 68%-80% price drop to occur over spring of 2018 once bubble popped depending on how high it went.
2017 recent escape above channel:
2013 last two bubbles:
Entire view:
BTCUSD "Bubble" Update - 12-3 thru 12/8Update to the previous 4 hour chart now includes a bearish cypher pattern using the peak from 11/29 which indicates a drop from the current value 10824 to 8450 using average cypher ranges. This also happens to fall midway of the 0.236 of the Trend-Based Fib Extension. There is a possibility that it will fall below the 8450 range to the 8180 range which corresponds with the spike shelf which formed on the 25th. I've also identified a 17 bar (2 day 20h) cycle period forming from 24th that hits the 29th, the 2nd, the 5th and the 8th. Based on the bearish cypher pattern, the estimated time frame for this new low will be 12/3 8pm - 12/4 8am for the new updated entry position. The new estimated top for 12/8 from 4am-12pm EST is 10770.
What does this mean?
If you want to play the swing, you are on deck to close out your positions today or short until 12/3-4 which charts indicate a -20% decline in value allowing for a $2k grab before closing the position. A retrace of 27% or $2300 on the buy back and swing up.
Or, do nothing and see nothing more than a $50-100 position swing from now until the 8th.
DISCLAIMER: I dont know what I am doing. Good luck!