Topic: Another Bubble Already? (Read 3246 times)

The actual Bitcoin bubble occurred when the price rise hit $500 from the $150 range and settled back to $350 a few weeks later. lets see what happens next in bitcoin world.

I do not think its a bubble just yet. I do think we were overdue for a correction and thats why you saw BTC post a -10% today but as for a bubble Id strongly say no. I say this because the general person does not know about BTC or if they do they will not invest in it. This may change towards the end of the year, and especially will change it bitcoin continues to rise as it has and makes its mark at 4-5k per coin. We are close, but no cigar just yet

that's how the fluctuation really makes so profitable for those who understand the drill, unlike before that when we see btc rise up alts will fall then when btc dump down alts will rise up, now its really hard to assess whether this moves is still for real or there's only few whales who's working behind those alts movements.

Hahahahah everything so green? 

Look at the coinmarketcap today and check whether everything is still so green. It's bleeding today dude, after bitcoin dump. Only a few of them are green now.

there's no bubble. it's called increased mass adoption. and actually we could even argue about how "massive" this mass adoption actually is. while bitcoin is little by little paving its way into the mainstream press, most of people who heard about it neither own it nor understand it and would be able to store it securely\use it on a daily basis\trade it. let alone ethereum and the altcoin ecosystem. the number of ethereum wallets is still less than 10millions, at least last time I checked. 10 millions is fucking nothing.

will there be a bubble? sure. are we in a bubble? no. when there will be REAL mass adoption, then talking about bubbles will make sense. anything before that is just pointless FUD

Bubbles cannot be recognized as bubbles immediately, we need to wait after the fact to now that something is a bubble, only after we see a fall in the price we know we were in a bubble.

Damn, almost everything went into red zone today, looks like some sort of bubble popped. But overall i think the general trend is upwards, as the popularity of altcoins is increasing. Also, it looks like ETH could surpass BTC in market cap any week now.
Considering all the events, i think the prices of majority of altcoins, will continue to grow over the next weeks and further away.

Yes, ico bubble. If you come with an idea and team you can easily collect million dollars.

Bubbles are necessary for a prosperous market. Don't worry, it's not yet time for the bubbles to pop.

Speculating is fun and all, but the best thing I ever did was buy a bunch of btc in 2011 and just leave it alone.  I play a little with change here and there, but I think the bigger, long term questions - e.g., are cryptocurrencies here to stay? - are easier to guess than what some random coin is going to do in the next 24 hours.

I think we are still in the early phases of bubble formation and don't think we will truly be there for another 6-12 months once altcoins hits mainstream news day in and day out. That is when the average person starts putting all their money into any and every coin and those are the same people that will panic sell once their coin drops a few %.

Ah, the term of the year, bubble.  Let's throw tulip in there for good measure.  There are market indicators and there are true bubbles.  Once a term hits the forums and the chat bars, there is no stopping it and the term will be used, over-used and abused until it has run its course.  This is, of course, by definition, not a bubble, but it is defined as market course rise as defined by the economics community in 1932.

we are see everything in coinmarketcap is green and red too many times and i think we are in another bubble. i think its not too soon because this is already happen and many coins has rally to increase the price. i think its good for us because we can make another profit and if the price is getting up more, then we can increase our profit.

bubble is more and more bigger
I had sell some BTC

We are seeing a rally in some of the coins but there is a negative rally in some coins too,if you look at the biggest losers you could see that some coins have lost over 25 % in the pasts twenty four hours and the volatility remains huge in almost of the coins .If you are following a coins just check the range in which the coins are trading and then you could understand how things work.

Altcoin has been in a weird state recently. It just keeps on rising even though all the indicators say that it's going to go down very soon. As we speak now the coinmarketcap page is around half red/half green. Most of this activity is caused by the increase of bitcoin price as well, since coinmarketcap measures altcoin worth in USD terms. Personally I just don't see this as sustainable growth. I mean especially when bitcoin dominance is at an all time low of 43%, it's not going to last very long. There is absolutely no reason for ripple and ethereum market cap combined to exceed bitcoin's.

I remember when ETH was first getting started and people said they felt like it was pumping too fast and was a bubble and would be corrected. Of course the DAO hack happened and what not, but you'll always have doomsayers. Will it eventually drop some? Very likely. When? If you knew that, you'd be rich (sell off most of your holdings, and short the rest for maximum profit).

Every time the price rises a bit, and everything goes green, then people think it's a bubble

This is a roller coaster ride just enjoy it

Don't worry about small rise and fall look at the bigger picture

way to generalize / offend...

yes we are in a huge bubble! sell all your coins and burn your house !

People have misunderstood of this topic, new money, "fresh blood" is not responsible for this situation, it just an effect of ETH, Monero and Dash whose pumps showed resistance toward BTC supremacy, this brought more power to other alts. We can say   best alts are responsible for successes of all alts.

Call it bubble if you want but there's a fact that whole crypto currency market is rising faster than ever for 3 months. There's a bunch of new money coming in to the market, that affect the prices. This will go on until new money stop coming in. I guess we will have bull market for another 3 months too.

Don't know, I think there is nothing certain in crypto ecosystem, time will tell

And it wouldn't just be because he sold it would be because everyone else realized the crash was a bubble bursting and everyone would sell. People always seem to think its up to a single or just a few people when its not, its herd mentality.

If someone bought up 10 billion of BTC the price would rise so much that all alts would crash in the BTC bull run.

A law of nature is that stuff that is big will trickle down into what is smaller, like a tidal wave or a river... it can work the opposite way too, where small stuff flows into big and they form a synergistic harmony.  Bitcoin and ETH and trickling down to promising and not so promising altcoins.  We have a global economy with a combined credit value in the hundreds of trillions of dollars trickling down into the next big thing, crypto currencies and the blockchain.

I thought people at work didn't know much about investing in silver or gold, much less platinum or palladium.. well mention bitcoin to them and for the most part, their eyes gloss over and they have no idea... it's amazing how disconnected the general population is from anything of substance or depth. People's knowledge consists of very superficial things and it takes literally being hit in the face for them to notice anything else.

Sex, sports, movies, hunting, tats, music, alcohol, bars, clubs, and food.. that sums up the average person's existence (in America) and level of knowledge besides whatever specialized field they happen to get into. Not trying to sound judgmental, because in fact I'm not.. it's biologically driven and I'm into mindfulness and openness and acceptance anyways, it's nonetheless fun to observe.

97% of the global population never heard of Bitcoin.
99.99% never heard of any altcoin!

While numbers are from May, they are pretty accurate I believe. Image what will happen when 10% of the global population will use crypto like us on a daily basis, that's 700.000.000 people. Imagine that, and, after that, imagine the prices of our precious coins.

People are just so euphoric about cryptos, and maybe they are right to be so. At the end of the day its impossible to say when we are in a bubble, or more accurately when we are near the top. I think just invest in what you believe in and forget if its a bubble or not. I think its way too soon to start calling things out as a bubble.

All others (like you said, but Alts in my words) do not just follow it, they get much more increase than Bitcoin and some is in position to probably take the Bitcoin crown.

I think this is exaggerate, all this talk about balloons and possible burst.. Face it it is just a good year, bitcoin as leader is on the move, and all others just follow naturally. Also we have very nice coins and they becoming very popular we can call this founding.

Totally agree, we're in for a bumpy ride the next year.

Many new investors are pouring in. The market is so undersupplied. So it's not a bubble. The sudden dips should be the work of large boys trying to tweak markets and many bot trading follow suits. My strategy is buying on dips and holding.

Only traders have to worry about the bubble.

I think you might be right about altcoins but bitcoin is rather juvenile, for it has shown the world what it is worth and now we can also see its big disadvantages. I guess we can't call it a bubble yet, because we are those who make the currencies worth so much money. Basically, they are backed up by our trust and it is up to us to decide whether it was a bubble or not.

Bitcoin and others crypto currencies Are still at an infancy stage and we cannot really do anything about price bubble now. We can have stable price after market capitalization is above 1trillion dollar. Now few people that has huge investment are manipulating price to their favour.

Who said it ever ended? that's the fun thing about bubbles, they are extremely unpredictable.

Funny people still talk about "bubble" alt coins will continue to rise better get out of your bubble and accept it.

Thank you for this reflection!

We do not know if it is a bubble or not, or the behavior of a market in full growth .. in fact we know nothing!

We are still on a bubble, these have been some tremors (up and down)

You don't know it's a bubble untill it burst. If that Facebook guy comes next month and buys 10 billion worth of bitcion then this right now is not a bubble but if he had a 10 billion of bitcion and sells it all then it was a bubble so you don't know.

I find it rediquolous people try to predict if it's buttle or not THERE IS NO WAY market is crazy stop trying to predict it you don't know when few rich peopple can pop you or blow market up.

This is just a small bubble inside a big one.

I think its a normal cycle red - green pump and dump etc.  Just trade with the top performing coins and those with solid uses where big industries are  having a tie-up. Some are for long term trade also.

This is just the normal up/down of the market, the bubble we're in is MUCH bigger and started 2-4 months ago.  When that pops it's going to be MUCH more dramatic than what we've been seeing the last few weeks with big gains and modest losses. 

Don't worry about the bubble and you'll make some money.  Be fearless.

Just checked coinmarketcap, everything so green. Are we in for another bubble already? Isn't it too soon? The previous one was just over like a week ago.
Any news? What caused this?