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nl247



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Full MemberActivity: 518Merit: 141 Re: 2018 Cryptocurrency Crash (Elliott Wave) January 09, 2018, 01:59:52 PM #5 Another naysayer on the loose or rather, may I say another whale looking for noobs to feed on and then spreading FUD to see how they can manipulate the market to their favor. We have heard bullshit like this so many times, so opening a new account to spread your FUD is really not going to do you any good. Better get a good job. Moreover, who cares? If you wish to sell your bitcoin to any of us at the prices you stated, then we will be glad right now to pick it up from you.

NUFCrichard



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LegendaryActivity: 1218Merit: 1003 Re: 2018 Cryptocurrency Crash (Elliott Wave) January 09, 2018, 02:02:52 PM #6 Meh, if the price falls to where it was 10 months ago, that isn't the end of the world!



If the majority of Cryptocurrencies no longer existed, I really think the crypto world would be better off. There are probably a maximum of 25 worthwhile coins, the others are copies and crap, even if they are worth over $1 billion!



The prices won't go up forever, but I am more confident of the crash being controlled now, than I was 6 weeks ago when everything was going crazy!

cellard



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LegendaryActivity: 1372Merit: 1213 Re: 2018 Cryptocurrency Crash (Elliott Wave) January 09, 2018, 03:24:32 PM #8







We have been seeing that for years now, and Bitcoin has proven a million times how classic technical analysis just doesn't apply to Bitcoin. Keep thinking you can predict the market, sell your BTC position, then cry when we hit an all time high next month again. People have been using the "bubble chart" since Bitcoin hit $2000 after the $1000 peak during the MtGox peak.We have been seeing that for years now, and Bitcoin has proven a million times how classic technical analysis just doesn't apply to Bitcoin. Keep thinking you can predict the market, sell your BTC position, then cry when we hit an all time high next month again.

Alns



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Sr. MemberActivity: 490Merit: 250 Re: 2018 Cryptocurrency Crash (Elliott Wave) January 09, 2018, 09:11:59 PM #13 Wow, are there still people who believe in that bitcoin will crash at some point? And if bitcoin crashes, the other altcoins will be much more stronger as what they are right now.

Maybe at the beggining a lot of people are going to be worried about that, but at some point, everything needs to move forward, if bitcoin crashes, another altcoin will replace it.

And no, i am not worried about that, and for those who are saying that bitcoin will crash, i guess that you did not even bought a single fraction of bitcoin on your whole lifes.



Qoheleth



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Spurn wild goose chases. Seek that which endures.







LegendaryActivity: 951Merit: 1019Spurn wild goose chases. Seek that which endures. Re: 2018 Cryptocurrency Crash (Elliott Wave) January 09, 2018, 11:47:13 PM #14 Quote from: Slow death on January 09, 2018, 01:51:52 PM when the price was $2000 [...] even the marketcap was very low You do realize that the market cap is just the price times the number of coins in existence, right? Of course the market cap will be lower when the price was lower.



Quote from: Alns on January 09, 2018, 09:11:59 PM Wow, are there still people who believe in that bitcoin will crash at some point? I mean, it's happened before.



After the 2011 bubble (peak ~$30/BTC), we spent quite a few months in the single digits.

After the 2013 bubble (peak ~$1000/BTC), we spent over a year in the $250 neighborhood.

I would call those "crashes".



So why is a crash now unbelievable? Even a crash to $5000/BTC or so?

Doesn't mean that "Bitcoin is finished" or whatever. Just that the price is lower (comparatively) for a while.



Quote from: Alns on January 09, 2018, 09:11:59 PM if bitcoin crashes, another altcoin will replace it. This much is probably true, even if only temporarily. The Ethereum price, f'rex, is growing pretty rapidly right now, even with other coins taking a bath. Bitcoin isn't the only game in town anymore, so even people getting out of one cryptocurrency can just move to another. You do realize that the market cap is just the price times the number of coins in existence, right? Of course the market cap will be lower when the price was lower.I mean, it's happened before.After the 2011 bubble (peak ~$30/BTC), we spent quite a few months in the single digits.After the 2013 bubble (peak ~$1000/BTC), we spent over a year in the $250 neighborhood.I would call those "crashes".So why is a crash now unbelievable? Even a crash to $5000/BTC or so?Doesn't mean that "Bitcoin is finished" or whatever. Just that the price is lower (comparatively) for a while.This much is probably true, even if only temporarily. The Ethereum price, f'rex, is growing pretty rapidly right now, even with other coins taking a bath. Bitcoin isn't the only game in town anymore, so even people getting out of one cryptocurrency can just move to another. If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.

fabiorem



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Sr. MemberActivity: 1218Merit: 340 Re: 2018 Cryptocurrency Crash (Elliott Wave) January 10, 2018, 12:09:19 AM #15 How can this memeliott wave be applied to bitcoin, with all the technology behind it?



Bitcoin is not just a stock, its not Pajama Papers. Its a technological innovation which, if sucessful, can dethrone Visa-Mastercard oligopoly on payments.

