Bitcoin Bubble 3.0 - page 3. | Bitcointalksearch.org

ultimatesky

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Quote from: talkbitcoin on January 15, 2017, 08:47:06 AM

i have been saying this from the start and for years. bubbles are not good and they never have been. unfortunately about bitcoin it had a couple of them already which makes it look bad and only a trading tool and drives people away from the currency aspect.
but fortunately for bitcoin these bubbles are becoming more rare and also smaller which shows the market is maturing over time and becoming bigger than just a small number of traders pumping.
in time we will see a market more stable than anything ever seen even better than gold.

With bitcoin and crypto in general bubbles are forces to be reckoned with. Why else do you think it got a lot of adoption on such a small notice. When there is mass adoption the price may not be this volatile, but at this moment i rather hope the corrections are in line with the growth.

Instead of another hack bringing the price back 20% or more...

talkbitcoin

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All I know is that I know nothing.

i have been saying this from the start and for years. bubbles are not good and they never have been. unfortunately about bitcoin it had a couple of them already which makes it look bad and only a trading tool and drives people away from the currency aspect.
but fortunately for bitcoin these bubbles are becoming more rare and also smaller which shows the market is maturing over time and becoming bigger than just a small number of traders pumping.
in time we will see a market more stable than anything ever seen even better than gold.

HarryKPeters

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Quote from: pitham1 on January 15, 2017, 08:06:36 AM

Quote from: BitcoinBarrel on January 14, 2017, 10:46:19 PM

It's more like:

1. Rally to $266
2. Rally to $1300
3. Rally to $35000

Can you imagine the number of sellers there would be at$1200 levels? A lot of money has to come into the bitcoin system for tge next bubble. I personally would be delighted with $35000, but I dont see it happening soon.

Neither do I. there is no basis for that. With noever 600 we can be very happy the price stablized around 800 dollars now.
Perhaps we see a new up later this year but for now i don't expect any big jumps.

pitham1

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Quote from: BitcoinBarrel on January 14, 2017, 10:46:19 PM

It's more like:

1. Rally to $266
2. Rally to $1300
3. Rally to $35000

Can you imagine the number of sellers there would be at$1200 levels? A lot of money has to come into the bitcoin system for tge next bubble. I personally would be delighted with $35000, but I dont see it happening soon.

maku

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Quote from: BitcoinBarrel on January 14, 2017, 10:46:19 PM

It's more like:

1. Rally to $266
2. Rally to $1300
3. Rally to $35000

Your point 3. is not happening during our life time. Not if I base my observations on Bitcoin history so far. Even if investors will be able to start pushing the price so high that race will be doomed sooner or later.
We already have seen seen what it will be: bitcoin will gain momentum price will rise, ready to break ATH and as result Chinese, American (pick your country) central banks will prepare warning and say that bitcoin is not and never will be legal tender or even a currency. Then it will be a crash... Just like the last time 2 weeks ago.

Taki

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You see, the "bubble" it is impossible to call any movement of the market when the rapid rise in prices has followed the decline - it's just an ordinary volatility, which is typical of many assets. Specifically, the term "bubble" refers to a situation when a sharp rise in prices was not based on any economic justification. That is, prices are rising solely because of over-optimistic speculators, and not on the basis of sober consideration of market realities.
When this investment bubble bursts, there is no reason for its re-growth. The market is recovering, speculators understand that they were wrong and that high price was just irrational. But what if, instead of further depressing falling, the price suddenly begins to grow again, and a few months later triumphantly returns to its previous highs? This suggests that, like it or not, the initial rise may not have been so unfounded.

Denker

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First of all it wouldn't be bubble 3.0! Bitcoin has already seen more than just 2 bubbles!
And no I don't see it happening any time soon.
Chinese exchanges stopped high leveraged trading which will reduce Bitcoin's volatility even more.However this will make it much more interesting for serious investors.
In the long run of course if we keep growing in terms of user adoption and progress in technology there might be prices of high 4 figures to even 5 figures in a few years or a decade.

Slow death

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When the governments of certain countries approve policies that hinder people's investments. People try to protect their investments and run to invest in bitcoin... bitcoin price rises, in a few hours we have huge dump of Altcoins, because altcoins holders want to take advantage of the high price that bitcoin has at that moment

When bitcoin falls, they run to altcoin and altcoin climbs to the sky. Maybe my reasoning is wrong.

It is possible to happen what OP is saying

Quote from: BitcoinBarrel on January 14, 2017, 03:05:11 PM

It's coming, are you ready?

yes.

valta4065

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Nah don't think so.

If you look at "maths" and TA as you said, it seems like the risk for a 3rd bubble was a few days ago and is now finished.
The risk was when we reached 1200, I was very frightened of going even upper, 2k$ would have been terrible...

But right now price is at around 800$ stable and that's good!

hase0278

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Quote from: Herbert2020 on January 15, 2017, 04:22:22 AM

Quote from: sir.humus on January 15, 2017, 04:09:15 AM

Quote from: Herbert2020 on January 15, 2017, 03:52:59 AM

well, even if a new bubble starts shaping up, that wouldn't technically be the third one because there has been other bubbles, mostly smaller ones that didn't last long either.
but yeah i am ready, because i have been smart unlike most people who are weak hands and i have bought when everyone was running around asking "should we buy or will it go down", that was my queue to buy as much as i can as fast as i can and i acted on it.

But you should know when to sell too.
If you look at the graphs it really starts to remined the fall of December 2013.
I think we'll have another big rise, and then a small and consistent fall.
Eventually it will hold still at around 600 USD/BTC.

yeah i sold some in the bubble at $1100 and bought back again when price dropped a couple of days ago.

but i am not convinced about any similarity between today and December 2013. that bubble started out from less than $150-$200 and price fell down to $200 after and this new bubble of 2017 started at $790 and price dropped down to $800 (and a short period below $800) that is why i don't see it dropping any more.

i am interested to know why you say you think there would be another "consistent" fall?

Maybe he thinks that there will be another consistent fall is because he believes in the saying that history repeats itself, therefore for him what happened on the past bitcoin halving will happen again today. I don't see it dropping anymore now though too since this time I think it looked a bit different and maybe we will stabilize at this price ranges who knows only future can tell.

Herbert2020

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Quote from: sir.humus on January 15, 2017, 04:09:15 AM

Quote from: Herbert2020 on January 15, 2017, 03:52:59 AM

well, even if a new bubble starts shaping up, that wouldn't technically be the third one because there has been other bubbles, mostly smaller ones that didn't last long either.
but yeah i am ready, because i have been smart unlike most people who are weak hands and i have bought when everyone was running around asking "should we buy or will it go down", that was my queue to buy as much as i can as fast as i can and i acted on it.

But you should know when to sell too.
If you look at the graphs it really starts to remined the fall of December 2013.
I think we'll have another big rise, and then a small and consistent fall.
Eventually it will hold still at around 600 USD/BTC.

yeah i sold some in the bubble at $1100 and bought back again when price dropped a couple of days ago.

but i am not convinced about any similarity between today and December 2013. that bubble started out from less than $150-$200 and price fell down to $200 after and this new bubble of 2017 started at $790 and price dropped down to $800 (and a short period below $800) that is why i don't see it dropping any more.

i am interested to know why you say you think there would be another "consistent" fall?

sir.humus

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Quote from: Herbert2020 on January 15, 2017, 03:52:59 AM

well, even if a new bubble starts shaping up, that wouldn't technically be the third one because there has been other bubbles, mostly smaller ones that didn't last long either.
but yeah i am ready, because i have been smart unlike most people who are weak hands and i have bought when everyone was running around asking "should we buy or will it go down", that was my queue to buy as much as i can as fast as i can and i acted on it.

But you should know when to sell too.
If you look at the graphs it really starts to remined the fall of December 2013.
I think we'll have another big rise, and then a small and consistent fall.
Eventually it will hold still at around 600 USD/BTC.

Herbert2020

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well, even if a new bubble starts shaping up, that wouldn't technically be the third one because there has been other bubbles, mostly smaller ones that didn't last long either.
but yeah i am ready, because i have been smart unlike most people who are weak hands and i have bought when everyone was running around asking "should we buy or will it go down", that was my queue to buy as much as i can as fast as i can and i acted on it.

Sithara007

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Quote from: BitcoinBarrel on January 14, 2017, 10:46:19 PM

It's more like:

1. Rally to $266
2. Rally to $1,300
3. Rally to $35,000

$1,300 (or $800 at current exchange rates) to $35,000 is a bit too much to ask for, in my opinion. That would require the market cap to increase to almost $500 billion. It is not theoretically impossible, but at current circumstances I can't see a clear path towards it.

yonton

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It does look like if we follow the trend from the last 5 months we will be at 1200usd by 2018

pooya87

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good luck with your hype but i am afraid the rally/bubble days are over for now and it is highly possible that we are back to the same approach to price rise as before. which means slow rise over time, exactly the same kind of rise from $200 to $780 minus the two rallies that happened in the past two years.

bohr

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Quote from: jakelyson on January 14, 2017, 07:32:34 PM

Quote from: BitcoinBarrel on January 14, 2017, 03:05:11 PM

It's coming, are you ready?

With bitcoin that is quite assured that there will be a bubble. The question is when will it happen?

Not necessary to try to time your entry point you must always be in possession of some bitcoin to take advantage whenever the opportunity arises in the market.

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

It's more like:

1. Rally to $266
2. Rally to $1300
3. Rally to $35000

notme

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Quote from: BitcoinBarrel on January 14, 2017, 04:54:38 PM

Quote from: btcmerich on January 14, 2017, 03:45:43 PM

Quote from: BitcoinBarrel on January 14, 2017, 03:05:11 PM

It's coming, are you ready?

agreed with previouse poster , what makes you so sure?

How can you do math when you can't even count?

1. rally to $1
2. rally to $32
3. rally to $266
4. first rally to $1200
5. second rally to $1200

If we do take off here, it will be a continuation of at least the 5th "bubble".

Huge Black Woman

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Bitcoinbarrel, what kinda maffs is you talkin' bout? Less'n you gots a crystal ball you cain't tell nobody awhere we're headed. But nuffa dat, I am reddy fo' liftoff if we headed fo' the moon. I ain't sellin' nuffin'. But I am curious. What kinda time frame is you predictin' here fo' the big salami launcher? An' how high is the fire tower whence we can voraciously observe the explodion? I humbly await yo answa.

Topic: Bitcoin Bubble 3.0 - page 3. (Read 3495 times)