Parabolic grows ends it is already happen twice with 76% Fall and 86% Fall. This time it would be 96% fall from $30 000 to only $1000.
My prediction is 20 January 2018.
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The Crush is not just a one day, but will continue whole 2018. We saw it in 2013 and see for alts since June, almost all altcoins were in parabolic grow but lost 40-80% since June.
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Why the crush will start? Because people will realise that there are no enough real USD behind the pumps of Tether happening continuously 25-100 Million daily even hourly
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Corrction is inside the parabolic trend channel. Resistance of lows is at ca. $12500 per Bitcoin. If resistance holds we will still see $30000 per Bitcoin before the big correction starts.
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Unfortunately the correction started earlier as I thought. the 12000 is broken.
Hopefully this would not end in total crush below 9000,because below 9000 even my optimistic prediction based on charts without previous crush would not work too
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We enter the correction earlier
The crypto market is big, BUT not so big as everybody claim
Current crush shows - selling cryptos in worth of 1 Billion crushs all the market for 50%
I can't image the stock of Apple would crush if 1% of it would be sold
Means the Crypto Markt is not 700 but ONLY 70 Billion WORTH
@ruraldisturbance, it happend many times and with exact same pattern.
Check other Altcoins who have the same since June.
BeastlyBeast
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@viparmenia, Bitcoin is not any other altcoin. Also, the 80%+ dips before happened when 90% of the activity was on Mt. Gox, there was an order of magnitude less liquidity, no regulation, shitty ecosystem, and low adoption. Don't count on any dips more than 40-50%.
viparmenia
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@BeastlyBeast, bitcoin is even worse than any altcoin, because there is no any vision behind bitcoin except "Cash Replacement". That why as soon as any one with big amount of BTC needs cash because of paxing back the loans, credits or whatever and starts to sell, crush is starting.
And more - due to USDT and Bitcoin mostly centralised in bitfinex there would be a cursh as soon as people understand that there bitfinex dose not have 3 Billion Cash behind to secure withdrawal of all USDT ino USD...
Bitfinex and USDT Theter is the next MTGOX and the black swan that pushing the price and will be the who will crush the price becoming insolvent
BeastlyBeast
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@viparmenia, cash replacement? I recommend you read the white paper. I have no idea what you're even saying.
viparmenia
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@BeastlyBeast, Here are the 25 million USD PUMPs in form of Theter into market and it happens daily to keep the price.
But as soon as it will come out that there are no enough USD to transfer the BTC into FIAT ti will cursh
@viparmenia, Let's assume tether's are some kind of weird fractional reserve. Even so, anyone with a brain can see that the Tether market cap is absolutely miniscule compared to Bitcoin. You suck at FUD.