Bitcoin: sorry it's a mini bubble

Soft_member
Soft_member

a friendly reminder for the moon shills that they are spouting bullshit with absolutely no basis in reality.

likme
likme

@Soft_member
I think it will go up. This bubble is on hold due to the dao

Sir_Gallonhead
Sir_Gallonhead

Err no nocoiner, no. Buy the dip or kill yourself later.

farquit
farquit

@likme
>>1366789
@Sir_Gallonhead
absolutely no basis in reality.
checked

lostmypassword
lostmypassword

@likme
i would say for the next 3 years this is gonna be all downhills with a pretty sizeable bull trap.

PackManBrainlure
PackManBrainlure

@Soft_member
I fixed your pic for you hombre.

RumChicken
RumChicken

@PackManBrainlure
anyways bot part of the chart agrees on after the bubble the price stabilizes and drops for a year or two.

not a good idea to buy now in any case.

DeathDog
DeathDog

>>1367108
Yes you stupid fuck

No you should wait for it to go down in value before you spend it... how fucking dumb are you

JunkTop
JunkTop

I hope it goes up god

Supergrass
Supergrass

>>1367347
*major upswing

Raving_Cute
Raving_Cute

>>1367348
in a year based on your interpretation but till then the price will visit $400 if follows the pattern even loosely. so you should sell then and re-buy at $3-400.

Boy_vs_Girl
Boy_vs_Girl

>>1367347
You're an idiot.

>>1367348
You are a full on retard.

Soft_member
Soft_member

@Boy_vs_Girl
Explain why the price won't go up.

RavySnake
RavySnake

@Soft_member
Explain why you think you can predict the price with any amount of certainty.

Raving_Cute
Raving_Cute

@Soft_member
aand we are still going down

Techpill
Techpill

@farquit
he missed to buy at 600 dollars now back at 645
nocoiner suicide watch checked

viagrandad
viagrandad

@Techpill
i sold at 640 i bought at 400 muh nigga
i'm out you can cry rivers it's gonna go down from here.

SniperGod
SniperGod

hey guys im a newb of the bitcoin but i want to get some before the halving bu it say it can take a couple of day before i get em with coinbase
is there a way i can buy and receive now ?

whereismyname
whereismyname

@Techpill
a whole $45
or to the average butter buy in, 45 cents.

BunnyJinx
BunnyJinx

@Soft_member
ftfy

GoogleCat
GoogleCat

@BunnyJinx
yeah i can see the similarities... oh wait wrong there is none.

takes2long
takes2long

OP is right.

I got scared two nights ago looking at how little volume there was and converted about 2/3 of my btc to fiat. It dropped like an hour later. Now I'm even more spooked and am selling my last third.

There is buy support around 600 but it might not be enough if a whale really dumps hard. We could easily go back to 300-400. Literally none of the fundamental problems of bitcoin that led to the big sell off this winter have been resolved, only masked by halving hype.

The only positive is ethereum got brutally ass fucked so theres no fear of bitcoin losing its #1 crypto spot.

I'll jump back in in a few weeks if volume picks up or if price hits 450.

iluvmen
iluvmen

@BunnyJinx
@GoogleCat
Let me help you out

Inmate
Inmate

@takes2long
halving hype
indeed it's not only a hype it's a false hype.
halving presents a challenge to bitcoin it is not a price support it is not a scarcity event it's a problem.

idontknow
idontknow

@iluvmen
your delusions are magnificent at least.
nice.

Methshot
Methshot

@Inmate
I think the idea is less miners selling their coins on exchanges (less supply) will drive up price.

But is there enough demand? If demand falls off just as fast then price falls anyway.

Probably a big dump then when LN starts making news people will buy again. Bitcoin is still finding it's way it's pretty bizarre it's priced as high as it is desu.

Methnerd
Methnerd

@idontknow
That's honestly the strongest pattern I see. Couple that with Europe about to collapse and the halving, it seems totally plausible to me. Didn't bitcoin spike when Cyprus had bail ins? What's going to happen when Italy has bail ins?

Sharpcharm
Sharpcharm

@Methshot
I think the idea is less miners selling their coins on exchanges (less supply) will drive up price.
can be easily proven false, mined bitcoins 1800 per day versus exchanged millions of coins.

But is there enough demand? If demand falls off just as fast then price falls anyway.
indeed demand is way more important than supply. demand for bitcoin rises when countries experience great financial trouble and money tries to flee.

i think bitcoin has serious challenges development wise ahead if it solves them and global use becomes more widespread and there is some fuckhuge worldwide monetary trouble. we can see this: @iluvmen

but chances are none of us will be happy with a cataclysmic event in the global monetary system. for one measuring anything in usd might become a futile exercise then.

Fuzzy_Logic
Fuzzy_Logic

@Sharpcharm
some fuckhuge worldwide monetary trouble
This is guaranteed, the only question is what the new world order will be. Bitcoins, Monero, or IMF SDR.

whereismyname
whereismyname

@Fuzzy_Logic
bitcoin failed at what it tried to do, so i don't believe in it anymore i did like 6-7 years ago not anymore. now i'm just watching it all go to shit sitting on my gold and silver. some crypto might rise and take bitcoins place but i think bitcoin will drag even solid good coins with it when it goes to shit. people will be vary of them all.

Spamalot
Spamalot

@whereismyname
No one knows its gone to shit but those paying attention. In the medium term I expect it is something people will still want to buy if it looks like their bank is about to collapse or their country's about to take 20% of their savings.

idontknow
idontknow

@Spamalot
yeah as a speculative asset it's alright.
i don't see the eurozone collapsing or uk getting hurt much tho.
chinks are perfectly capable to weather their entire stock market collapsing. it's a joke anyways.
so what's next? if the usd collapses under the debt then it's ww3 and general apocalypse. so no fun in that.

maybe russia. if russia gets rekt economically cause of sanctions and oil prices and military spending maybe we see some rise. but they have a pretty big internal market. and the russians don't do collapse like the rest of the world. it's much less hysterical.

CouchChiller
CouchChiller

@idontknow
Weapons companies?
idk I genuinely expect a ww3 type situation. I've bought into the Strasse-Howe generational theory 4th turning thing. Then you've got RayDalio's debt cycle. Martin Armstrong's magic computer says war. Syria is more of a geo-political battle than a civil war. ISIS is changing the way wars are fought.
idk fuck I'm tired. I'm off to bed.

PurpleCharger
PurpleCharger

@idontknow

Russia distrusts anything that comes out of the US. I dont see them falling for bitcoin anytime soon. They have other vehicles to hedge with.

Harmless_Venom
Harmless_Venom

@Spamalot

Explain please?

Inmate
Inmate

@SniperWish
You arent factoring in the global economy crashing. Money will flood into BTC.

idontknow
idontknow

@Inmate
Being a britbong and having most of my savings in BTC has worked out great for me.

likme
likme

@Inmate
Another pipe dream. You'll be on your deathbed still waiting for the crash..

kizzmybutt
kizzmybutt

@likme
Crashes have happened every ~7-8 years for the past 100 years. The economy is looking horribly sick. It's happening soon.

Poker_Star
Poker_Star

@kizzmybutt
Sure crashes will happen. Just not the one that you're waiting for.

Methnerd
Methnerd

@Poker_Star
I'll profit either way. I'm very well diversified.

Carnalpleasure
Carnalpleasure

@Methnerd
Ahyes, you'll profit I'm sure. But will you grow as a human being?

Sharpcharm
Sharpcharm

@Carnalpleasure
It's pretty hard not to age.

Snarelure
Snarelure

@Sharpcharm
So your life here on Earth is just accumulating material wealth and years, eh?

Evilember
Evilember

@Snarelure
Not even close. I plan to die with $0.

Flameblow
Flameblow

@Evilember
That sounds like a good plan, but how do you plan to spend your time here, which is far more valuable than any gold?

Stupidasole
Stupidasole

@Flameblow
I plan to spend my time happy. So far, so good.

Illusionz
Illusionz

@Stupidasole
What will you do with the time you have? That's the question. Watch candles?

Dreamworx
Dreamworx

@Illusionz
Experience all the things the world has to offer, while keeping an open mind.

Crazy_Nice
Crazy_Nice

Fair enough. But I urge you to start now, because time is one thing you can't get any more of. You can always get more of anything else.

Sir_Gallonhead
Sir_Gallonhead

@PurpleCharger
the rich fucks yes the oligarchs, but the almost nonexistent upper and middle class will have little other options. especially when they clamp down on the market.

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