Hey Veeky Forums

Hey Veeky Forums

Normie piece of trash here.

Wtf is all this talk about the bitcoin bubble bursting. What does that even mean?

crypto colapse cause everyone s here to make gains while there s no real use

A bubble is when the chart is now going up at 70 to 90 degree angle. People are buying out of pure greed and have no idea what they're buying into. This is illustrated on the chart as the price won't correct but instead shoot higher and higher.

The issue with this is, once a sell off begins those who were looking to get rich quick will panic sell, thus ensuing a snowball effect. And that is when the bubble will pop.

Once we find the bottom, another market cycle starts.

So it will just rise again eventually?

no it will drop to $5000 then stay there for a year until there is a another smaller bubble, then all the big players will dropout and bitcoin will go down to $2000 and stay there years until bitcoin is dead because of all the hoarders

Its just fearmongering.

It sounds very unlikely with everyone talking about bitcoins. Id imagine people would buy it low knowing it was once 20k a coin

The price is going to crash down to maybe like 3-5k, because of all the bagger dropping everything and making money.

This happend to bitcoin before, its just that this time its bigger.

The good thing is, that crypto will eventually rise again and once the bubble goes down, the prices will be very low so you can invest again.

yes. Go look at the ethereum/btc ratio chart on the 1 week time frame and google 'wallstreet bubble chart' ....you'll notice how similar they are.

It will correct to 10 000$ than back mooning
screen this

this time no one knows how high it will go. If it went 0 to 1000, ten thou to 1 mil isnt out of the question either way the bubbles gonna get a lot bigger before it pops.

Pretty much this. Though I think it's around 9k instead. I don't think crypto will ever go away.

it wont crash. the supply is too scarce and people underestimate the amount of bitcoin that is actually still used as a form of currency on darknets and private drug sales and other shit.

this is not a bubble yet, dumbos. but keep playing with your stupid altcoins. i will keep accumulating more BTC for the future.

This. Chad method always wins.

As soon as governments
like china
say they won't accept bitcoin as legal tender
everyones is going to jump ship
the last country to jump ship is going to get the most fucked.

Bitcoin is the test phase of the new world order.
Bitcoin gives you decentralizied banking, at least a working prototype.
What they don't give you is a decentralized government.
And thats what its legitimacy depends on.

Banks/whales are using this coin and hoping on the hype so they can play their market games, get people hooked on this new drug called bitcoin so they can bleed them dry later on down the road.
This is just fattening the pig for the slaughter.

If governments let this market go, its going to mean hella infaltion of national currencies worldwide. and then the whole "heirarchy" of social order will be set in stone by then. and those not already living in their gold and ivory towers will spend the rest of their lives and all those that will come after them in poverty.

Right now both sides are pumping bitcoin to crash
some are hoping that the crash will "redistribute" power through decentrlaiziation
some hope that the crash will be a correction that will destroy any more hope of escaping or finidng a better system than the one we seem born into already.

If china has to ban it then there must be a lot of people trying to use it.

but there is a use.
Bitcoin seems to be the token that everyone uses to "bid" on crypto-networktechnology.
There are competitors. But if you want to play the cryptogame you need to buy Bitcoin.

SO it does have "Real world application"
just not real world validity

Well, have you ever tried to send large amounts of money to otherside of the world?

Scarcity isn't the reason why markets crash. Look at the real estate bubbles for example.

it means that the market will be drained when people need money after the petro dollar collapse

don't crash*

And also look at how many coins do exactly that but better.