Post
Topic
Board Beginners & Help
Re: THE CRASH OF THE BITCOIN BUBBLE HAS BEGUN! SEE CHART.
by
Local576
on 10/12/2013, 02:25:03 UTC
This is my first post on this forum, but I've been warning people on other sites and Twitter that at this time BTC is in a bubble, but no one wanted to listen.  I was attacked ferociously for my short term bearish view.  That is one of the SUREST signs that a bubble is about to pop.  The "true believers" attack any opposing view as ridiculous.

Look at this chart showing the stages of a bubble.  Bitcoin believers defending this drop as no big deal, buying opportunity, from weak hands to strong hands etc. etc.  THIS IS THE DENIAL STAGE.  Long way to go before believers hit DESPONDENCY.

https://twitter.com/YachtsOnTheReg/status/409383193796550656/photo/1

It is very interesting to see the market flow up and down like this.  Also there are a lot of different exchanges, some of which the technology works and others of which it doesn’t.  It definitely a rollercoaster ride!