Are we in a Bitcoin Bubble - page 3.

Snorek

legendary

Activity: 1400

Merit: 1001

Quote from: healthureum on December 24, 2017, 09:49:35 AM

Yes we are in a bubble and sometimes it burst, but we will recover soon

If we are indeed in a bubble right now - then I am afraid that Bitcoin might not recover that easily and might be crippled forever.
Ther problem with Bitcoin is fact that we will never know for sure what is going on as the value is based purely on people's view and demand for BTC.
Anyway, follow the twitter of that guy from the Op's posts - apparently he is giving out 0.0002 BTC to everyone

JureViewly

newbie

Activity: 20

Merit: 0

People are saying it's a bubble since the early days, there is a nice tweet I have to find... anyway Bitcoin had at least 5 bigger corrections only this year, followed by higher high.
Always do your own research.
Merry Christmas.

PaRiTyyy

newbie

Activity: 5

Merit: 0

Quote from: akhjob on December 24, 2017, 08:01:23 AM

Hey Guys, I just came across the following tweet regarding Bitcoin. https://twitter.com/Elite_89/status/944746253929336832 I am not good at reading charts. If anyone is good at reading charts, can you please help me out.
Bitcoin Bubble
https://imgur.com/a/Oygvc

You should make your own analysis bro. Just because someone said it's a bubble doesn't necessarily mean so Wink

jekirtavirum

newbie

Activity: 2

Merit: 0

Quote from: FlyingDutchman420 on December 24, 2017, 10:49:08 AM

The bubble has popped several times over the past few days. It went from $20,000 to nearly $10,000 and then to $16,000. Now it is back to $13,000. This was guaranteed to happen because there are so many new people in the market and the price rose so quickly. This is a good thing. This is just market correction. The the price will stabilize soon. I think we will see $20,000 and above within the next month or two.

A market correction is clearly not a bubble popping though, when the bubble really pops it is going to be nasty but I believe we still have much more room to grow!

jekirtavirum

newbie

Activity: 2

Merit: 0

With digital money like bitcoin it is hard to understand for some but bitcoin certainly has some intrinsic value as the feature of sending any amount of money to anyone in the world alone is so powerful and backed and made possible by the blockchain.
BUT
Bitcoin is very attractive to speculators who drive price up like crazy (noone can argue with me that bitcoin is worth 20k USD in its current state). I think the core technology of bitcoin is worth less than 100 billion USD marketcap for sure. Though I am not saying that the price will not keep rising in fact I think we can go even beyond 100k USD but everything that goes up must come down at the same pace. (Look at some Pump and Dumps or insane bullruns with a correction, they usually happen equally fast).

Bitcoin has significant infatructure built around it but don't forget that there are even altcoins that can do all things that bitcoin can or are even better than it. (Privacy, tx/s, security, waste of energy, etc.)

The Cryptomarket will in my opinion reach a cap of 1-3 trillion USD withing Q2 of 2018.

FlyingDutchman420

newbie

Activity: 24

Merit: 0

The bubble has popped several times over the past few days. It went from $20,000 to nearly $10,000 and then to $16,000. Now it is back to $13,000. This was guaranteed to happen because there are so many new people in the market and the price rose so quickly. This is a good thing. This is just market correction. The the price will stabilize soon. I think we will see $20,000 and above within the next month or two.

aceman09935

newbie

Activity: 27

Merit: 0

For me the bitcoin is not Bubble because I've proven myself that this way I earn money. So I have faith and trust in bitcoin.

healthureum

newbie

Activity: 70

Merit: 0

Yes we are in a bubble and sometimes it burst, but we will recover soon

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Whether or not you're good or bad at chart reading or technical analysis, it won't do crap if you don't know what a market bubble is.
Sure, bitcoin has crashed numerous times in the past(as well as recently), but what happens after? It recovers almost immediately. Is it a bubble? Probably, and the bubble has popped a good number of times already.

sabbathhawk

full member

Activity: 266

Merit: 106

Hey there

Nobody knows for sure. Maybe yes, maybe no. Maybe we are in fiat bubble which is going to burst... who knows?!
Anyway, soon we will see if it is bubble or not

Fortify

legendary

Activity: 2688

Merit: 1192

What do you mean, you are no good at reading charts? It is pretty obvious to anyone that the price of bitcoin has gone up massively and historically, what goes up - must come down. There is no special formula that will tell you when the bubble will burst, however the recent massive drop should be a grave warning sign to all speculators.

akhjob

sr. member

Activity: 1050

Merit: 416

Buy Bitcoin

Hey Guys, I just came across the following tweet regarding Bitcoin. https://twitter.com/Elite_89/status/944746253929336832 I am not good at reading charts. If anyone is good at reading charts, can you please help me out.
Bitcoin Bubble

Topic: Are we in a Bitcoin Bubble - page 3. (Read 552 times)