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Topic: Bitcoin IS a BUBBLE and will BURST! (Read 415 times)

legendary
Activity: 1596
Merit: 1034
April 07, 2019, 04:43:38 PM
#32
At first, I thought this topic was one of the FUDs from the increase that happened a few weeks ago to inhibit the trend reversal. Apparently, the discussion was far from what I had expected.

Come on guys give predictive information with a strong foundation, don't share information that is only based on the possibility that occurs without first doing research like this because if like this all people are able to do it might even exceed what you stated above.
jr. member
Activity: 326
Merit: 8
>> CryptoMedia.press
April 07, 2019, 04:28:41 PM
#31
4 million dollars per bitcoin means 84 trillion dollars all for bitcoin if I am not calculating it wrong. That is more than almost any countries GDP aside from couple. That would not be possible in this system we are living for sure, maybe in 100 years when just one burger costs a thousand dollars than we can see it happen but in this economic world and prices having bitcoin at 4 million dollars is impossible, hell even 100k is a big big challenge for us right now, more likely is the max cap at 60k because that is a little close to nasdaq and nyse levels which it can reach with the help from the global aspect of it and the community behind it.


Yes, it will touch them for sure, not later than 2035-2040; I can understand what do You mean, but Your opinion is based on a completely wrong precondition (I see almost all here have it in mind) - that we are living in same stable economical enirontment. $4 mln at that time will NOT HAVE A PURCHASING POWER of $4 mln TODAY. Probably not more than 400-500K. As well it will be the complete crash of the fiat system (as I mentioned USD or whichever fiat currency will not be a financial measurment anymore after that). Actualy I won`t be surprised if it happen even much more soon, however let`s keep these conservative positions. BTW, BTC could easily exceed multiple times the global GDP as it`s not only a currency but a store of value.

When it will burst $1 200 000, I will sell all I have and will stop investing Bitcoin.

You can`t do a bigger misstake than that. If You change Your BTCs for fiat at that time, You will lost evrything with a currency which will devaluate FASTER than BTC corrects; these will be the last days of fiat and You will see what does a hyperinflation means.

sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
April 06, 2019, 06:12:12 PM
#30
Too ambitious to predict the high price of bitcoin, the price of $4,000,000 is impossible to achieve and it is only a wishful thinking.
That was sarcastic i believe because many critis saying that bitcoin is a bubble and the sudden burst begin to happen for what the OP has been made. The current uptrend is good and its the start of all higher price. Bitcoin will burst up high again and those critics will have to invest on that price.
hero member
Activity: 1358
Merit: 509
April 06, 2019, 04:43:03 PM
#29
Wherever there is demand and supply, the price never moves in one direction. The only difference is the sharp big movements because of volatile price. This will also change as time goes on, and if this is what you want, you should go to other sectors.
legendary
Activity: 1330
Merit: 1019
April 06, 2019, 04:02:18 PM
#28
It is, and it did already. Several times in the past. Ans then it gets inflated so the value grows and then gets popped again. It's a continous process and it's what makes it attractive to investors trying to make profit.
This process is what will gradually lead the Bitcoin price to its ATH in future. Right now, the next target will be $7k, after which it will drop below that to $6k +, from there it will pick another value like say $9k, drop again below that and keep following that trend till we see a very big spike in the price of BTC when the time comes.

So within this time, any smart investor or trader will take advantage of this to make profit on half of their investment every time this trend comes, I have already made mine on this past one and I have reinvested again, I am waiting for the next one to come again, get my profit when its high, while I wait for it again to crash a little bit for me to buy.
copper member
Activity: 455
Merit: 0
April 06, 2019, 11:46:59 AM
#27
Too ambitious to predict the high price of bitcoin, the price of $4,000,000 is impossible to achieve and it is only a wishful thinking.
legendary
Activity: 2688
Merit: 13334
BTC + Crossfit, living life.
April 06, 2019, 11:07:13 AM
#26



time for the FOMO, sell all .....and^
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
April 05, 2019, 08:16:36 AM
#25
It is, and it did already. Several times in the past. Ans then it gets inflated so the value grows and then gets popped again. It's a continous process and it's what makes it attractive to investors trying to make profit.
hero member
Activity: 1932
Merit: 504
April 05, 2019, 01:04:12 AM
#24
Users have got difference of opinion about bitcoin, some believe it is a bubble and some understand about the backing technology. When the technology behind bitcoin is known in the right way one will not mention bitcoin as a bubble. Whatever might be, there is always some form of cyclic process. Even after price burst automatically it'll grow again.
As long bitcoin still have demand, i think bubble wouldn't come in a short time. Because it is like what you said, cyclic process will always happen and even price got decreased, will be bounce only need time.
legendary
Activity: 3472
Merit: 10611
April 04, 2019, 11:24:33 PM
#23
who cares about that bubble NOW! it is going to happen at least a year and a half from now. you should focus on the current existing bubble, the reverse bubble that we have been stuck inside and has been bursting with the price rise.

bitcoin IS in a bubble and until it properly bursts and price reaches at least $6.5k we will remain in this reverse bubble.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
April 04, 2019, 10:23:35 PM
#22
Users have got difference of opinion about bitcoin, some believe it is a bubble and some understand about the backing technology. When the technology behind bitcoin is known in the right way one will not mention bitcoin as a bubble. Whatever might be, there is always some form of cyclic process. Even after price burst automatically it'll grow again.
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
April 04, 2019, 04:34:35 PM
#21
4 million dollars per bitcoin means 84 trillion dollars all for bitcoin if I am not calculating it wrong. That is more than almost any countries GDP aside from couple. That would not be possible in this system we are living for sure, maybe in 100 years when just one burger costs a thousand dollars than we can see it happen but in this economic world and prices having bitcoin at 4 million dollars is impossible, hell even 100k is a big big challenge for us right now, more likely is the max cap at 60k because that is a little close to nasdaq and nyse levels which it can reach with the help from the global aspect of it and the community behind it.

I am not looking to see BTC at 4 million, but I will be happy with the $60k I won't complain, trust me. lol
Back to the topic, only the time will tell us if we were right or wrong. BTC could be a bubble that stays longer than the others that we got in history.
legendary
Activity: 2170
Merit: 1427
April 04, 2019, 04:27:00 PM
#20
You have not tried hodl When prices fall

There are those who control the market in a suspicious and bad way


It's safe to say that the panic selling noobs who sold in early 2018 are looking back more than satisfied, while those hodling were regretting not having sold at "low" prices such as $10,000, then $8000, then $6000, etc.

Bear markets are an amazing opportunity to increase your coins by buying back the coins you sold before. I too could have done a way better job utilizing the bear market, but at least I learned from it and know that the next bull-bear cycle will do me well.

As for the controlling the market part, who are you referring to? The larger this market grows, the harder it becomes to control it. People can point at institutions all day long, but where is the evidence? I'm certain that institutions are just as afraid of you guys as you guys are afraid of institutions. Cheesy
legendary
Activity: 1442
Merit: 1025
April 04, 2019, 12:00:01 PM
#19
4 million dollars per bitcoin means 84 trillion dollars all for bitcoin if I am not calculating it wrong. That is more than almost any countries GDP aside from couple. That would not be possible in this system we are living for sure, maybe in 100 years when just one burger costs a thousand dollars than we can see it happen but in this economic world and prices having bitcoin at 4 million dollars is impossible, hell even 100k is a big big challenge for us right now, more likely is the max cap at 60k because that is a little close to nasdaq and nyse levels which it can reach with the help from the global aspect of it and the community behind it.
full member
Activity: 504
Merit: 127
Match365> be a part of 150BTC inviting bonus
April 04, 2019, 11:09:42 AM
#18
The OP was just a hype. Not a speculation, just a hype for everybody. But, I think it has a basis for the 3 prices of bitcoin and it is base on history but the next ones are not that reliable though. I guess the OP was just rooting for bitcoin that's why he's just doing this and to hype everybody all up. Those prices he said will be a very long way to go for us to reach.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
April 04, 2019, 10:23:33 AM
#17
It could go wherever it pleases, honestly, and for numerous times we have seen the 'bubble' do its thing and exceed expectations set by a lot of people and their peers. Although with this property of bitcoin, we may never see it being used as a true currency, it could still somehow be an agent of wealth redistribution if enough people were able to get aboard the ship before the rich men do. Every market has its cycles, and perhaps bitcoin is not safe from cyclical movements after all, hence it earning the moniker 'the bubble.'
legendary
Activity: 2688
Merit: 13334
BTC + Crossfit, living life.
April 04, 2019, 08:49:59 AM
#16
Then the moment i've started reading it i realized it's just another non sense topic with typical uninformed predictions.
This is crypto.  All predictions are uninformed, because there's no way to analyze bitcoin (or any altcoin) to say with relative certainty what the price should be.  At least with stocks you can gauge what something should be selling for based on income, dividends, etc.  With bitcoin, there's none of that.  Anyone's guess is as good as anyone else's.

But the feeling of euphoria when the price starts to shoot up like this is exactly the same.  Every time it does, there are going to be threads like this, and I'm just waiting for the really insane ones where people post about selling their houses to buy bitcoin and whatnot.  Those are entertaining.  This is mild in comparison.

And OP, we're only at $4992 as I write this.  It's way too early to go off the rails about Lambos--I'm sure you remember 2017, right?  We were at 5x where we're at now with bitcoin.  There's a long way to go before it even gets back to the old all-time high, and no one knows when that's going to be.  But I agree with the assertion that we're not in a bubble.  Maybe it was a mini-bubble in 2017, but not a big one.

little correction there, it can take a little time, but its a very short way to ONLY 5-X in price, from 1$ to the ATH thats a LONG-way....

And O do enjoy those people as well that guy from the Netherlands, selling everything to live in his trailer Smiley
Still I think he made an awesome investment, on the other hand when having a family like that man... then you still have to be sober and think of the what if...

I believe i'm one of the most BULLish believers long term, and i'm pretty deep into BTC as well, I will keep the HODL for very long, but I still have a business on the side as well and play poker (though mainly for BTC), what I will continue to keep and work hard for, just to create another income as well.

Though I do believe in the very high numbers, but just as any normal thinker, I can only see and watch where it will go eventually .....
When reaching few stadia of some HIGH numbers, then I guess maybe to sell some, but I wish to always remain to HODL 50% of my highest stack that I will have.

That said keep the HODL and look just over 5K, common BTC amaze us once again Smiley  I do prefer to the upper side of-course
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
April 04, 2019, 08:16:29 AM
#15
I just had to post this classic GIF before someone else beat me to it:

sr. member
Activity: 882
Merit: 269
April 04, 2019, 08:08:36 AM
#14
CONFIRMED! Do NEVER forget that!




It bursted at $31

It bursted at $1 177

It bursted at $19 764

It will burst at $150 000

It will burst at $400 000

It will burst at $1 200 000

It will burst at $4 000 000 ...


..and it will continue to burst however we won`t be able to measure next bursts that way as at that time USD will be deprecated as outdated currency, but don`t worry -


It will burst as well at 100 Lamborghini

and at 500 Lamborghini


and at.. COUNT THEM YOURSELF..
As far as it will recover and go higher than the last burst I think it is good for us.  Bitcoin will not die and it is important we are able to understand this in other not to make panic selling.  If you can keep holding there is no way you will not make good profits in future.  However it is also very important you put money you can afford to lose into cryptocurrencies market.
sr. member
Activity: 1176
Merit: 286
April 04, 2019, 07:27:28 AM
#13
You have not tried hodl When prices fall

There are those who control the market in a suspicious and bad way
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