Post
Topic
Board Speculation
Re: bitcoin IS in a bubble
by
pooya87
on 09/12/2018, 03:30:54 UTC
~
6k was nice example of a bull trap. Be prepared that your so called "inverse bubble" can continue for years. I still can't see any signs of recovery. There's major support at 3k now, but what will happen when we go close to it? There's probably a mine field of stop loss orders which can trigger another downwards explosion like we saw at 6k.

you are changing the discussion. being in a bubble or a reverse bubble is one discussion and how long they last is a different one. for example of bubble time, $15k was a bubble for bitcoin but that didn't mean it will burst then and there. it continued up to $20k and then burst and fell down and the fall down also took about 6-7 months. i never said the current price is the end of the reverse bubble (ATL) but any lower than it goes it will only increase the size and severity of this reverse bubble.

there is a similar story here too with the difference that during an inverse bubble people have to buy back for it to correct and people tend to do less "panic buying" compared to bubble bursts where they "panic sell". to the correction of a reverse bubble is always slower.