Friendly reminder that a bubble doesn't pop in 1 day or 1 month. The dot-com bubble "popping" was a period that lasted between 2 to 3 years, from 2000 to 2003, where shit was almost constantly going down. What I'm trying to say is that if btc is a bubble it will probably take at least 1 month where it will slowly die (everything moves faster in crypto, and it's not a bubble that big like the dot-com one) Look at the btc graph and you will realize that after hitting an ATH of $19850 (binance) it has been going down constantly, then up, then down, but the trend is clear, and almost every day it find new lows. My prediction is that btc will bleed slowly, and all those that bought too high will get fucked. It's obviously just speculation and I may be wrong, if you want screencap this and then throw me shit when it gets to 25k, or suck my dick when it's at 10k and lowering. Before you say something retarded like "hur durr it always go back up", THIS FUCKING TIME IS DIFFERENT, Fees and transaction times are at ATH's, the competition is higher than ever, fucking look at coinbase reddit or btc reddit and you will see constant normie moaning of fees, bad service, and how btc is shit, the sentiment overall is BAD. Even in the news you're starting to see conversations of how btc is using too much energy, high fees, high transaction time, and that there are better alternatives.
>inb4 that image of people saying it's a bubble but it always got back up >inb4 cashie, pajeet or some other bs (not even holding bch or ltc)
i agree except they said that segwit hardfork is coming to fix it in like 5 days
Kayden Long
God, I'm trying to have a decent discussion and all you can think is about "faggot, mu this time is the same as ever". Fucking retard, what would I expect from a deluded bitcoiner.
Josiah Fisher
10k is a floor based on fundamentals. As long as merchant adoption and transactions are up it won't go lower than that.
Carter Allen
There's a few key differences to the .com bubble tho >tiny market cap >BTC being the only coin that is in a heavy bubble, many others coins being greatly undervalued
Eli King
mechanism and underlying factors are completely different
dotcom was a temporary phase
cryptocurrency is the future
Nolan Martinez
You retard.
This bubble operates at 10x the speed of the dotcom bubble.
One month in crypto is like 2 years of stock market.
Nathan Edwards
I think it's fine. I got in at 1,000, and have seen this tons of times. This is pretty mild, desu. When the news about china came in and it dropped like 50%, that was the only time I ever got scared. Hell, I didn't think 10k was possible before Christmas. If it drops to 9k or so it's fine.
Zachary Allen
.come bubble wasn't wrong, it just came too early before the tech was truly ready to sustain the growth.
Blockchain is ready for primetime now.
Connor Taylor
Amazon was in that bubble.Just buy good coins and wait.
Right guys??????
Logan Bailey
LOL!
Caleb Roberts
>merchant adoption Merchants have been dropping Bitcoin due to how expensive tx fees are and how slow it is.
Aaron Jackson
>>BTC being the only coin that is in a heavy bubble, many others coins being greatly undervalued Yes, this is what I'm saying actually. I think btc is one of the few overvalued. This is what I said, fucking idiot, read the entire post.
Luis Gonzalez
We've hit the floor, guys. Shit's turning around. Buy the dip before it goes back to 17K.
Leo Adams
Surely BTC will keep growing until everyones fund are in it, and then it will keep growing by the means of dark magic
Jaxon Scott
BTC could go to 1k in a week!
Asher Peterson
Amazon could adapt and change, updating their site, buying other companies, adding services, etc. The BTC we use to day is the same one used in 2011, there is no future for BTC, it's over
Chase Howard
Oops I think I misinterpreted your post
Aiden Brooks
beginning of the next ladle perhaps
Thomas Bailey
yea i was talking about the few good alts :)
Nicholas Bell
>Yes, this is what I'm saying actually. I think btc is one of the few overvalued. Yeah I got that vibe from your OP, just stressed it out. Shame that it's gonna throw a bit of shit all around the market when it goes down
Andrew Smith
btc and other useless shitcoins are in a bubble
the real bitcoin and useful alts are not in a bubble
when the bubble pops everything will downtrend for a while but not as long as you think
Henry Powell
So looking at BTC and the past trends of it dipping, but going back up shortly after, are we following that same trend? Or has it been lingering at around $16000 for too long? I'm not invested in crypto but I've just been monitoring everything. Not that long either.
Caleb Torres
it's not over yet, parts of the world are still catching up and they're not going to start on undeveloped coins
Tether/Bitfinex gets shut down and the entire fucking thing goes down in seconds.
Grayson Stewart
Yeah I'm sure your average Zimbabwean is going to spend his months salary just to pay the processing fee for BTC
Michael Powell
What are these fundamentals, exactly? I mean, not just some numbers someone has pulled out of their ass, but actual facts. Any links?
Josiah Adams
>no coiner f
Daniel Mitchell
>dotcom was a temporary phase Yeah. Imagine if that internet thing had ever caught on.
Jayden Bell
But they said Segwit would fix everything
Noah Adams
Doesn't LN release in a week? How will that affect the price?
Mason Thomas
This is absolutely nothing like the dot com bubble. For starters these aren’t fucking stocks for companies that are reporting bullshit profits. I can tell you’re less than 30 years old.
Chase Nelson
You like comparing apples with cars right? Fucking disgusting to compare a random bubble with the current event. They have nothing in common, besides the Internet as the same medium.
But hey people comparing it with tulips too or even the real estate bubble, so who cares.
Henry Barnes
>For starters these aren’t fucking stocks for companies that are reporting bullshit profits Yes goy
The tech still needs to be improved. Blockchain will certainly be a revolutionary development, but there is no way in hell any coin currently out there can support hundreds of millions (or potentially billions) of users.