Quote from: player514 on January 17, 2018, 08:50:49 PM

Quote from: Enjel on January 17, 2018, 08:28:53 PM

The downside bubble is soon going to collapse soon. Right now we have Wall Street, Asia (taxes), and the double dose of FUD by the media creating a massive Bubble to the downside that even broke 10k at once, and may break it again.

But this bubble is going to POP really really soon - guarantee it.

Why is it that some people only talk about bubbles to the upside? We are definitely in a downside bubble right now for Bitcoin. For alts, I agree there was a large upside bubble. But Bitcoin hasn't even moved much recently. Definitely a downside bubble for a 0.5% adopted currency, and store of value.

Bubble has already popped for the most part hasn't it? We dropped 50% from the ATH which is pretty strong in my opinion. We're now hovering around 10k. If anything now is the time to buy bitcoin; you probably won't have the opportunity to buy this low soon again.

For now, sure there will be nervousness and fear in investors eyes and that's bound to happen with any drop like this. However, people do actually believe that blockchain technology and Bitcoin is a currency of the future, and that alone is enough to bring the price back up as long as people invest. I'm not too worried about the coins.

There is still plenty of room to fall. Last time it dropped by 80%. This time there are fundamental problems with bitcoin that would warrant a significantly larger drop. Honestly a 95% decline from all time high, or even more, would be very reasonable and appropriate. Bitcoin's inability to be used as a currency in its current state makes it almost worthless.