Bitcoin Top?

[Illini Trader]

The collapse of Bitcoin will be frightening for many

How would you define the collapse of Bitcoin? Do you mean it ceases to exist or are you defining it by a certain percentage drop in price and if so what is your target that would qualify in your mind as "The Collapse"?

 

[Pekelo]

Not true at all. They understand a 40% drop in Bitcoin is not unusual.

Anybody who bought in in the last 3 months only seen a bullmarket and BTC going up. Finally in the last 3 days it is dropping, and if you bought in at 15K, 13.5K doesn't look that great.

Now if they actually know BTC's history, they might know that it could drop even more and it might need another year just to get back to breakeven. Late comers always end up holding the bag...

 

[just21]

Anybody who bought in in the last 3 months only seen a bullmarket and BTC going up. Finally in the last 3 days it is dropping, and if you bought in at 15K, 13.5K doesn't look that great.

Now if they actually know BTC's history, they might know that it could drop even more and it might need another year just to get back to breakeven. Late comers always end up holding the bag...

Panic over $15,100 trades on coinbase

 

[m22au]

Panic over $15,100 trades on coinbase

Those panic trades continued up to $15,960 less than 40 minutes later!

 

[just21]

In other news: The Bulgarian government are denying they have 213,000 bitcoins. They just disappeared!

 

[Hoi]

Panic ??
Where ?

It's just a normal looking chart:

 

[just21]

A 25% 3 day correction? Don't see that in a market with a central bank put.

 

[4thaugust1932]

the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants
https://en.wikipedia.org/wiki/Greater_fool_theory

 

[SunTrader]

Top talkers remind me of:

 

[truetype]