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/biz/ - Business & Finance

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7423357 No.7423357 [Reply] [Original]

I'll be honest I was scared there for a moment but it seems to be staying above $8000 now so I guess the "crash" is over. Not so much of a bursting bubble if it immediately rebounds, eh?

>> No.7423402

>>7423357
I think it's just people rushing back into it to try and make a quick buck, i'm assuming it'll fall again and repeat until its recovered. BTC isn't very good anyway

>> No.7423414
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7423414

I guess have been rebubbled

>> No.7423457

Needs good news to keep going.

>> No.7423680

Slowly bleeding downwards. Suicide mode engaged.

>> No.7423711

Pretty sure we will dip below 8k before we are going up.

>> No.7423997

>>7423357

Hard to say, OP. The problem is, that there isn't any reasonable definition of what should be a so-called "bubble". It looks like a totally empty word to me, not worth discussing.

>> No.7424091

>>7423357
Last time it bled out for a year

>> No.7424186

I don't think this is a bull trap, but it could just be a dead cat bounce. I guess we will find out in a few days. Either way, for experienced trader, this is a great time to increase your position.

>> No.7424458
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7424458

I think we are still in the newly developed 'steeper' downward trend of the crash. The more severe downwards pressure that only really built up sub 10k.
Needs to bust out of that to be back in 'crash-lite' downward trend. Needs to bust out of that (sideways or up) to be 'safe''