Topic: Are we in another Bubble? when will it Burst (Read 695 times)

Indeed it is a bubble, and It might burst anytime, nobody knows. If we look back 20k was top in 2017, but this time it will be $50k in 2021. Then Bitcoin will have a nose dive back to $10k, then slowly will go up towards $100k. That's what I think will happens in current circle. However It might bitcoin straight shoot up to $100k. Anything possible

They are just simply looking back or trying to compare prices on peaks and assuming that it is dropping on that month without even realizing that it is still on the positive side of things.People just dont know
on how to look into those charts and having some impressions that it never performed well in january but to see that it is still on the gaining side.People are having the same impressions that they are now
seeing currently in the market. It crashed? No, we are still on the positive side but as we all know that price can really correct up this way. Bubble burst? Lets talk about that when we headed
back to 10-13k price on what we have seen into those  previous months before we had climbed up this far.

To me that plays a big role, there are many studies that show that people are very envious, they cannot accept that someone is doing better than them even if they deserve what they are getting so they actively try to ruin things for the successful person, as such many people cannot accept they had years to buy bitcoin for relatively low prices and that they could have become rich in a short amount of time if they decided to do so.

And since they cannot turn back time then they do the only ting available to them, they begin to call bitcoin a bubble in order to protect their egos and see if they can see those that are successful in this market suffer when the price goes down.

Take this thing on a pinch of salt.Yes, high probabilties that there might be some sort of huge correction in month of January but doesnt mean that every year we would really
be seeing those kind of circumstances.

Bubble? I dont consider for this sudden rise as a bubble and if you do base up on how many had been adopting bitcoin then you would really tell that this isnt similar
into those old years that we dont even know on whats the reason of such rise.

Now, we can safely tell that institutional money had flowed through this market.

Nonsense. The price tripled in January 2011, rose by over 50% in Jan 2013, and rose over 33% last January.

It has never fallen by that much in any January.

I think January could be very good for Bitcoin and will help it reach the $50K mark or at least anywhere near it. But after that, I'm not very confident that it can rise further. People will start selling it eventually and there are high chances that the bubble could burst in Feb. But I certainly hope that this doesn't happen.

I pray to end the bull market, it’s too crazy！
Especially i don't have bitcoin...

Exactly, bubble by definition is quick increase in value which followed by a crash that is impossible to bounce back. Remember the South Sea and Tulip Bubble they never bounced back. I think that a pullback will be healthy for the market because that means that supply is sort of replenished.

My personal take on the title is no we are not in a bubble, if we are in the first place then the prices right now is impossible and bitcoin will just be another failure, the burst will not happen because there is no bubble after all.

Bubble they say because they Have no Funds to invest lol, Because they are Bitter not Buying when the value is still cheap so what they do now is questioning the Pump that made them frustrated in they wrong decision.

and maybe some of them are RIPPLE supporters that have very difficult situation now.

Bitcoin now has REAL INVESTORS ,meaning no Bubble and no hyping no manipulation but Pure Investin.g

Just another regular question for BTC but with different choice of words.
No one really knows when would the price crash down so we should just learn to analyze it for our own.
We are all in the same boat in here no one knows what would happen next.

When people say "bubble" idk it fills me with rage. It sounds really stupid. If you believe in bubbles then rather use fiat. Bubble heads only care for profits. Crypto is no bubble. A Ponzi is a bubble. Bitcoin will not crash because it is not a Ponzi. Very simple. If you worried about losing profits just split the bitcoin and USD. Always go with your gut.

I don't agree if the increase in the Bitcoin price that is happening right now is another bubble, because the current increase in Bitcoin is
very different from what happened in 2017. If we do research and analysis properly, will discover some facts that Bitcoin fundamentals
are currently much stronger than they were in 2017.

It can be seen from the investors who bought Bitcoin which are big companies with a large market cap. Likewise many rich people around
the world buy Bitcoin, one of Mexican billionaires Ricardo Salinas Pliego is investing 10% of his total wealth. So I don't believe that the current
rise in Bitcoin is a bubble and is about to burst.

Actually no one knows if this is just kinda sort of another bubble again and if it is, then when it will burst, with that, no one literally knows. That is kinda a difficult and tricky question to ask for we are just being surprised by the market bull run happening that seems to be on start and we are still not reaching the peak of it. Many of us are anticipating the possible dump to happen despite of the continuous pump that we are having right now since many of us have learned the lessen from the last bull run so most of us are surely gradually putting and pulling out to secure profit so if ever the same thing happens once again, at least we are on the safe track. With regards to the bubble burst, no one knows when that is why we must keep on observation but as of now, we must see into it to grab any possible opening of opportunities to get along with this bull run to gain profit while it is still possible to get along.

Whoever says bitcoin is bubble has not done enough research about Bitcoin and had it been bubble it will not be active for so many years and when the market crashes it doesn't mean bubble has bursted and if we consider drop in the value as bubble burst then what do we call it when it bounces back?

This will never burst since it's not bubble and eventually everyone will understand the fact it's just an attempt to instill fear in user's mind.

I don't think Bitcoin will go down much during the correction. I expect not more than $1000-1500 below 30k. Anyway, I'm going to use the occasion to get more $BTC

There are too few data points to make the conclusion that just because it is January the price of bitcoin will go down, I know that is what happened during the last bull run but history never repeats itself perfectly, most people remember the end of 2017 but the bull run actually began at the end of 2016 if we are going to use your argument about history then there could still be many more months ahead of growth as this bull run did not officially started until October of 2020.

As you can see we can always draw from history something that validates our opinion about what will happen, so the best thing to do is instead to ignore it and concentrate on what we have ahead of us.

If you want to follow that history repeating itself, then you should remember how Bitcoin got to ATH in Dec of 2017, a post halving year. We can witness correction in January but it won't be anything near a dump. 2021 is another post halving year. History repeating itself will mean we should be looking at Dec for a great ATH.

Too early to start thinking of shorting Bitcoin now. You will miss the train once you sell off, except you're really talented at trading.

But of course, it shouldn't even cross anyone's mind to take it as a financial advice seeing that your account is newbie.

Indeed Bitcoin is in another bubble but the good thing is, it is yet to burst.  We are still in the early phase of its inflation unless something drastic happens like institution shorting or authority trying to manipulate the price and other unexpected events, the price surge will continue. So it is not time yet for the Bitcoin bubble to burst in this cycle.

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I wonder what you call a sudden surge of Bitcoin price in just a short span of time?

I do not think that history will repeat itself. Now it is different than the last time Bitcoin reached ATH. People and institutions now are unanimous about Bitcoin. I do not see a strong threat to Bitcoin.

Yea, that may be but i think sometimes history brake down and situation also different now. Yea, price may be correction but i think for situation it will hit atleast 40k$ as it rolling many days to 30k$. Actually in recent days is very much vital time for BTC market.Here up and down both can be happen but i always in positive site in this time.

thanks.

In my own idea we can say bitcoin price is on a price bubble, when we see the price is rising extremely for no reason without any positive fundamental or technical reason but currently there are many good reason for it and the most important one is grayscale the company is increasing bitcoins funds rapidly. In less than two months grayscale doubled bitcoin savings. However, price bubble is also possible and many people are thinking about selling at ath. But, if you are a true believer you won't sell at current price because of fear of the bubble.

I agree I think the crash will come soon. The steady climb of the last 6 months wasn't anything to worry about, but the rapid last week rise is. We are not 50% higher than the previous ATH which has happened just before last two major crashes. The ATH has made the mainstream news, again just like before the previous crash.

Will BTC go 40k? Yes definitely. This bull run, I give it 50:50.
Will BTC go 50k. Yes definitely. This bull run. No I don't think so.

Yep it is the same story we read everytime it goes up. This time it went up very quickly so we will see a normal correction.

We won't see it burst like a bubble. At least, that is what I hope.

Yes, we are in a bubble. When will it burst? We'll only know AFTER it has burst that it has burst for sure.

 This time around, the attraction of tech stocks has led to another boom ... group, we're unlikely to see a crash on the order of the dot-com bust.

To be frank, the growth so far was massive and thus from all indications, there will be a price correction which can be seen to be healthy for the market while also giving room for more people to buy, but the tough thing there is, since the crypto space is unpredictable, no one knows when it will happen or how big it will be. However, I do not think the correction would be so big that it will bring Bitcoin down like before because the growth witnessed was somehow piloted by adoption and institutional investors, thus this correction being anticipated might be a different one.

There will be a correction, that's for sure. The question is how big will that be? Will it be a normal correction because it raises so big in a short time or will there be a big dump and will be reach 15~20k again?

We already see bitcoin price touch $34k this month, and I think that will not stop for this month because bitcoin will have a chance to break another high price. I think $34k is not the highest price or new ATH for after this halving moment, and I think the bitcoin price can be at $40k-$50k for the new ATH this year or next year. And we still have more time to see when the new ATH of bitcoin price will be reached, so make sure you have many bitcoin to sell at the highest price.

In my opinion a big correction is coming, after this correction Bitcoin will never be less than 20K again.

I would say that in general it is seeming like there is a lot more institutional demand for Bitcoin than in previous trends, so I'm not sure previous models can be used to determine when or IF a bubble is going to happen.

If this was a bubble, then it would be burst already. Yesterday the prices dipped by almost $5,000 within an hour or so. But they recovered almost at the same pace. This means that there is a lot of demand for Bitcoin, especially from the institutions. And many of them are in BTC for the long term, and this reduces the dip of extended phases of correction. I expect the rally to continue for another 3 months minimum.

When a bitcoin goes up at its peak there is no other way to go but to go down, we should monitor the activities or the movement of bitcoin to forecast when its bubble will burst and it is the perfect timing to invest or buy bitcoin.

Well, you can assume that some of the growth we have right now is due to the potential of Bitcoin pretty much being known to the world, and well honestly, seeing the graph you can't not assume that what we're experiencing is a bubble. Well, even if it was, it's just basically the start. You can probably expect 1-2 months more of Bullish trend since most would ride upon this wave I'd assume. I'd expect countless investors to get taken in by FOMO by the end and by then you can assume that a possible huge correction would happen.

Not that I'm saying it isn't possible for the current growth to be not a bubble. I'd like to assume that it is not anyway. There were always dips here and there but hardly enough to call a correction, so really, if it just keeps on going, then a huge correction may be quite visible in the near future.

So what's the news if I may ask that you're recommending we sell at the news. Isn't what you just said a rumour and with rumours aren't we advice to buy into the market lol?. Nevertheless selling your bitcoin now would be a very costly mistakes as there are still more potential in the bitcoin price of spiking further.

This will be my first time of paying very close attention to the price of bitcoin in January so can't be certain about your claims although form history, the next year after the halving years always comes out as a profitable year for bitcoin. In 2017 there was a bull run that starter from 2016 (the last two halving year).

This is 2021 and we're already seeing bitcoin doing some impressive numbers which just confirm what I have just said above. This growth will continue further as the days goes by although that doesn't mean there won't be corrections on the way.

@Wale1234, theoretical history repeat itself and bullish trend is to happen in the market after the success of Bitcoin block halving and in the previous bullish market January market usually go side ways but no anymore ever since the pandemic showcase Bitcoin potential to the institution which causes more traffic in the market more than previous market. Therefore, the current pump is not bubble.

The institutions seeing Bitcoin as safe haven doesnt mean the market wont experience blood bath/correction like the year 2017 market and i think we should be expecting something even worse.

I was just hearing the interview of Winklevoss brothers and they tried to explain that current bull run is a bit different from the last one, mostly because this is mostly catalized by institutional investors who are much slower and predictable. They suggest, even if it bursts, it would could stick around 20K. This again would be 50% less if the price reach 40K, but would still be on higher side of average price for bitcoin.

This bubble is indeed one of the biggest one and the larger it gets, the scarier it will be when it burst down either slowly or instantly. As for now, many people are expecting that it's near where bitcoin will reach $40k even though it's just the start of the year. It actually feel good to think of it like that but let us not forget about the worst case scenario. Regardless of what may happen, let us first savor the moment, let us all enjoy it before it ends once again. Who knows? Maybe in the middle of the year or at the end of the year bitcoin will reach $100k, that would be the biggest and it will surely make noise all over the world.

The market changes happening with time isn't a bubble. The market is gaining good resistance, so this time the market will probably stand high above $20000. Once the market served to be affordable for all levels of people, now things have changed a lot. Crypto has been getting served as an asset of the rich to get more rich.

Quite frankly, no one in this forum really know what's gonna happen next! The current bull run is quite a surprise for all of us as we have never expected to see 34,000 price level. So no one is sure about the direction it would take in future. But yes, we can certainly expect a correction in near future as per the normal dynamics of the market. But this bull run is very different than what happened in 2017!

I am expecting a correction, but not expecting the history to repeat itself. Even if the history repeats itself, I will start buying aggressively considering the opportunity!

It will burst, as it did  before. Will it reach 3k again Probably not, as resistance levels may start from 15k till 25k. I might be wrong, but from my trading side experience, This time it wont go so down that the normal people can buy a full BTC.

Bitcoin is not in another bubble, it still in the early phase of the bull run if we calculate the potential that it might achieve in 2021, probably $100k by the end of the year.
so, it won't get burst but a correction, even 30%-35% will bring it down significantly but the price still holds above $21k.
If bitcoin manages to reach $100k, then the major correction may occur at that level, the history may repeat itself, the price will plummet for 2 years and come back after the next halving in 2024.

I guess the question on everyone's mind is how serious will it be! Maybe the correction won't be as serious as previous years, and will alts be seriously affected as well, btc has been moving on a high speed and is expected to correct at some point but no one knows when it will happen, is it when it touches 40k or before then

I wouldn't depend on history alone with Bitcoin. OP has stated that "History has never favored Bitcoin in January", but when has it historically favor Bitcoin? Based on what we've seen this year and in 2017 we could say that December used to be a good month, right?
Take a look at December 2014- January 2015 - strong downtrend in both months.
Bitcoin was also rising all throughout January of 2020 and holding steady in December 2019.
As you see there are exception to the rule.

The fact is that bitcoin has been breaking All Time High almost every week now and it has been long since a correction has been occurred.
A correction is definitely needed at this point to stabilize the gains. So I do expect bitcoin to fall back a little in early 2021.
But that doesn't mean that bitcoin will dump like the 2018 dump because this bull run is more mature than the previous one.
A correction might occur but it will be recovered quickly and won't last long before the next ATH occurs.

I agree with the statement that history will repeat itself, but when it will happen no one can say for sure. At least we learn from the history of
the bullrun that happened to Bitcoin will not last forever, there will definitely be a moment Bitcoin falls. So we better prepare if this happens.
I always use stop-loss in case Bitcoin suddenly collapses. Although it looks like the bull run that happened to Bitcoin right now is just a beginning.

For me, I think there might be a slight pullback before we will experience another round of Bitcoin bull run. The problem is that we don’t know when it will burst. If we are talking about what happened in 2017 and 2018, market isn’t matured that time. It’s also the time that I was a beginner in learning Bitcoin, cryptocurrencies, etc.

The bubble quickly bursted sometime mid-January, days before my birthday and the bears took control and dominated where Bitcoin plunges to $3k. As for this year, I just don’t know what will happen because of the market’s unpredictability, but this time, the market is more mature due to large institutions buying in on Bitcoin and already surpassed JP Morgan in market capitalization as of this time of writing.

Bitcoin is just a couple of months shy of its 12th birthday – still a baby in financial market age. Nevertheless, it rapidly developed a reputation for volatility. This was reinforced by the 2017 rally and 2018 plunge. Fortunately, data suggest bitcoin’s volatility is waning. And there are other, perhaps surprising assets that expose investors to more stomach-churning moves.

This January seems different from every other one in the bitcoin history let's hope the rally continues. I sure of one thing the institutional investors in bitcoin with change the Game, it wouldn't be business as usual for everyone. Take profit at intervals.

In fact, Bitcoin has been in uncharted territory since December 17, when it reached a new all-time high above $23k. It is now in pure price discovery mode. Many enthusiasts claim that this time the rally varies from 2017's craze and may signify a prolonged and a sustained rise for bitcoin.

"The flow of institutional news is becoming more steady and December has brought a whole new wave of interest, as can be seen from the chart below:"

source: https://blog.kaiko.com/bitcoin-enters-uncharted-territory-december-21-2020-7279293d42fc

you have to actually check the history before making this claim. more than half the times price has gone up during January each year!

so you just assumed this is a bubble? lol.

this is nowhere near being a bubble, this is simply underpriced bitcoin fulfilling some of its potential.

I know I am very new on this platform but I strongly believe that it is the time for any one that invested below $20k to skim off there profits 
When the money bags start dumping the market will reset.

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You spoke my mind , that the little profits now  wait for the drop in price and buy the deep .
Which one can do in phases or little chunks

[moderator's note: consecutive posts merged]

Definitely this is going to happen. Every rise has a fall, get ready for another opportunity in couple of days. This skyrocketing price will slowly go down trust me if one big investor start to sell BTC will collapse for sure, No one has the ability to predict the market rise now as BTC is unstoppable.

Also those who are planning to sell don't be greedy watch every market movement and plan accordingly. And don't trust anyone as many analyst are predicting way behind thinking.

I guess the bitcoin price will still rise higher first
You can enjoy this moment, but you can also wait for the burst to come as we do not know when the right time to see the price will go down.
I prefer to try to profit from this moment because we can buy low and sell high, but we need to be careful with the down of the price that can happen anytime.
Maybe the price will reach the top price before the price goes down, and maybe that still needs more time to happen.

Everyone knows that we will see big correction in the future (something like -30%) but nobody knows when. Right now everything in fomo and believe in eternal grow

If you look carefully in the grap by visiting different timeframe like 1hr, 2hrs, 4hrs, day, week and month, You will notice Bitcoin always corrects price after a massive pumps you can't see it if you are looking on a single timeframe but the current chart of Bitcoin is much different than the first bullrun. Investment company really surging in and scooping BTC at this price level.

Just keep watching on the price of BTC.

This was expected by most bag holders that there is a correction and we can't deny the fact that this will possibly happen the price of bitcoin will repeat itself. I guess there is actually a correction but it will not be worst not what happened before, the recent pump was not hype, we have actually big investors made by big companies like grayscale and Paypal which bring a massive bitcoin awareness bt most people.

The correction will I guess a start to refuel the price and start again to skyrocketing the price. This is all speculation and this will remain a prediction for us, who knows bitcoin will continuously pump up because many people had already aware of it. The basic rule of bitcoin, the demand and supply will always have the power to move bitcoin up and down.

I think it can now be safely said that bitcoin won't be going below 20-25K anytime now. All of this appetite cannot be retail driven after the experience that people had during the last ATH. Coinbase sold almost 1 Billion worth of BTC.

Though the biggest whales are still concentrated and this may just be their attempt at making the most out of the hype and all the rich mofos jumping on the bandwagon. Last time they took retail buyers to 20K and milked them just right. Its the HNIs now. The target may well be 40K or who knows what. I'd only say that for those who have made enough bitcoin that can help you at this point in life in the real world, take a target and cash in. The whale games will continue to be played but its better to take the money if its useful to you. Of course, don't exit completely.

Personally, I don't have enough BTC that it'll make a difference to me even if it reached 100K. For someone like me, Cashing out is not an option. Yet, if you are one of those to whom the forum gods have been kind enough to stack whole number BTCs, don't forget to sell some part at some point and enjoy life the way you deserve for your belief in bitcoin and your hard work.

Do not believe these whale motherfuckers who keep telling you to HODL. They have traded in enough and taken profits. You too should. All depends on your personal holdings, your risk profile and how much 1K USD, 10K USD or 100K would mean to you.

I also expect a dump but it didn't come when I expected it. Bitcoin just keep rising and rising. Nowadays people are still buying at this price so they all expect a even higher price.

Bull will surely temporarily stop and be corrected, but this will not dump below $15k considering lots of huge businesses acquire more bitcoin holdings. Just be ready when bear comes.

Yes it can happen again but let's hope that this time it won't happen. We can see right now that the price of Bitcoin keeps increasing and some people are waiting for price correction which is a good opportunity to buy Bitcoin.

That's right. We can't expect this bull run to be forever. So at some point, it will go down. But when? No one knows. So in order to prepare for what's to come, you should have some sort of plan to optimize what's happening in the btc market. One can sell some of his portfolio just to make sure that you took advantage of this price level. We can't say if we are in a bubble or not, because the use case of btc today is different 3 years ago.

It obviously cannot be a forever bullish market, especially since Bitcoin's bull runs are quite extreme. We're used to those "bubbles", but I always consider them as being a second chance to enter the market at a lower price.

As you said, I've also always known first months of years to be quite crappy for BTC. I expect a little short term consolidation soon, but overall.. I think the bull run has only just begun.

If we are in a bubble then it is just the start, we haven't reach the top yet. Of course every bubble is going to be burst, but then again, we are now in the levels that we haven't seen before obviously so we really don't know how far will this massive run will go, it could be a 6 year bubble or 3 year bubble so it's hard to predict now as we are just starting and it could end at $100k or even more.

Technical analysis is 99% hinged on the fact that history will repeat itself
History has never favored Bitcoin in January 👌
Will  January of 2021 be an exception or obey the tradition of History .
 If history will repeat it self when will this bubble burst? 🤩🥳
Like the popular  saying Buy the  Rumour Sell the News

Shorters get ready..

NO, It’s Not a financial advice 😋