Bitcoin is a bubble that's gonna burst...

Rahar02

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Bitcoin has been going through the same way until today, sometimes bubble then decline

Quote

when everyone with the desire and means to buy in and has already bought in, there's nobody left to buy in at a higher price

At that point, bitcoin price will significant decrease again due to many adopters don't want miss out the chance to get profits, sell at higher rate.

Quote

bubbles that will soon pop as price crashes back to near-zero.

But not to near zero obviously, just a bit dip for a while because it always increase over time.
That isn't just a theory as we have seen the prove over the past 8 years. People believe in bitcoin and support its existence on economics circulation.

lumeire

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Quote from: richardsNY on June 03, 2017, 02:33:21 PM

Quote from: fudster on June 03, 2017, 12:37:49 PM

It didn't dip below $2000 the last time whales were dumping

Not sure how you could have missed it, but actually, it did dump below the $2000 level.

Bitstamp -- $1850
GDAX -- $1915
Bitfinex -- $1810
BTC-E -- $1719

Other than that, I don't understand why people constantly keep referring to a bubble, while we're not even in an initial bubble stage. Some people just can't wrap their head around the fact that despite the scaling inconveniences that we are facing, the market still manages to continue going up. Crashes have always been a part of Bitcoin, but the main thing is that they haven't had any effect on the long term price....

We've been here before again and again, yet every time it bursts and recovers a new higher floor value always becomes established. Unless a true security issue is discovered, it'll remain increasing in value every cycle.

dothebeats

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Cashback 15%

Except that this so-called bubble keeps on popping and getting bigger, lol. Usually, a bubble only lasts a single cycle hen we begin accumulating again and on and on and on, but may I ask how long have we been in this situation? If in case this is a bubble, then it doesn't stop at $2700. Lucky are the ones who bought back at sub-$2000 because this train isn't stopping any time sooner.

richardsNY

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Quote from: fudster on June 03, 2017, 12:37:49 PM

It didn't dip below $2000 the last time whales were dumping

Not sure how you could have missed it, but actually, it did dump below the $2000 level.

Bitstamp -- $1850
GDAX -- $1915
Bitfinex -- $1810
BTC-E -- $1719

Other than that, I don't understand why people constantly keep referring to a bubble, while we're not even in an initial bubble stage. Some people just can't wrap their head around the fact that despite the scaling inconveniences that we are facing, the market still manages to continue going up. Crashes have always been a part of Bitcoin, but the main thing is that they haven't had any effect on the long term price....

ImHash

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We know it and yet we're enjoying it while losers and FUDers will stand by like potato and will do nothing but looking and fuding.
Last time everyone talked about going back to $1200 but looks like bitcoin is once again surprising us, 3 hours ago I was looking at the price being $2400 and now I see it already hit $2560.
It's nothing compared to the time when millions of people start to realize what is bitcoin really, many people still having a hard time to understand what a decentralized digital currency is, I'd suggest not to tell anyone about it and let us accumulate and hoard as many coins as we can afford to before suddenly jumping above $3000.

socks435

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Quote from: Qartersa on June 03, 2017, 12:43:15 PM

Quote from: fudster on June 03, 2017, 12:37:49 PM

Quote from: SONG GEET on June 03, 2017, 12:25:21 PM

Quote from: abercrombie on June 03, 2017, 11:50:17 AM

So the moral of the story is don't buy bitcoin, because you know it's going to crash again!

Correction is possible on bitcoin price and I think that have already happened few days ago, price jumped from $2700 to $1900 and now already on uptrend. Current bullish trend is not a bubble there is strong buy support at $2000 and that is new floor for another pump.

It didn't dip below $2000 the last time whales were dumping and so I guess its all going to go up to 3k. If it don't, it wouldn't dip below 2k too so its going to plat around 2200 and up and will eventually bubble to 3,500. If you are also looking into this, you'd start dumping your tokens using a sell wall and prepare for btc rise.

My thoughts exactly. This is similar to what happened back in january when prices went up to $1,300 then it dropped by to $800 then just continued to rise up. So I think the drop from $2,700 back to $2,000 is similar. We will not see anything below this anymore and might see that $3,000 levels on the next time it does rise.

Possible that i think the price can be rise up on december because this the time that always price is increase where we can see almost x2 increase remember last year and 2015 we are experience of huge increase starting from november to december until january when seeing more price increase..
so 3k value is much more possible to happen this coming december..

Qartersa

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Quote from: fudster on June 03, 2017, 12:37:49 PM

Quote from: SONG GEET on June 03, 2017, 12:25:21 PM

Quote from: abercrombie on June 03, 2017, 11:50:17 AM

So the moral of the story is don't buy bitcoin, because you know it's going to crash again!

Correction is possible on bitcoin price and I think that have already happened few days ago, price jumped from $2700 to $1900 and now already on uptrend. Current bullish trend is not a bubble there is strong buy support at $2000 and that is new floor for another pump.

It didn't dip below $2000 the last time whales were dumping and so I guess its all going to go up to 3k. If it don't, it wouldn't dip below 2k too so its going to plat around 2200 and up and will eventually bubble to 3,500. If you are also looking into this, you'd start dumping your tokens using a sell wall and prepare for btc rise.

My thoughts exactly. This is similar to what happened back in january when prices went up to $1,300 then it dropped by to $800 then just continued to rise up. So I think the drop from $2,700 back to $2,000 is similar. We will not see anything below this anymore and might see that $3,000 levels on the next time it does rise.

fudster

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Quote from: SONG GEET on June 03, 2017, 12:25:21 PM

Quote from: abercrombie on June 03, 2017, 11:50:17 AM

So the moral of the story is don't buy bitcoin, because you know it's going to crash again!

Correction is possible on bitcoin price and I think that have already happened few days ago, price jumped from $2700 to $1900 and now already on uptrend. Current bullish trend is not a bubble there is strong buy support at $2000 and that is new floor for another pump.

It didn't dip below $2000 the last time whales were dumping and so I guess its all going to go up to 3k. If it don't, it wouldn't dip below 2k too so its going to plat around 2200 and up and will eventually bubble to 3,500. If you are also looking into this, you'd start dumping your tokens using a sell wall and prepare for btc rise.

Reid

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Quote from: mOgliE on June 03, 2017, 05:11:22 AM

I just love the comment of that guy:

"Stop posting articles until I've finished acquiring my Crypto please!! "

THat's exactly what's it's all about. You can't do anything but see the price rise and rise and rise. Simply because number of btc is increasing but not as fast as the number of users. And in the end we all know that there won't be btc for everyone so the only logical way to handle this wave is by surfing on it.
Surf the btc Cool

Agrre with m0gliE. Even if it goes fast and everything is mined the proportion is still not equal. 16m or 15m of bitcoin estimated numbers after some are lost. Still that number would not fit for each bitcoin user if it is 1:1.
We would need a higher value of bitcoin so that even with satoshis everyone could at least have a hold of it.

Meuh6879

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Quote from: mOgliE on June 03, 2017, 05:11:22 AM

And in the end we all know that there won't be btc for everyone

why ?

1 BTC = 100 000 000 satoshis.
And we have Segwit + Lightning Network ... for november 2017.

Cheesy

the second renaissance [@Matrix].

Dimelord

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Quote from: Cherylstar86 on June 03, 2017, 09:28:18 AM

Quote from: DrGuns4Hands on June 03, 2017, 07:36:46 AM

I'm used to saw or read that kind of speculation. Bitcoin is a bubble that's gonna burst? Really? Those people who said this kind of speculative post are the one's who warns other people or for other people to worry about there investment so they just backout with no clear minds and don't know what there going to do.

The moment I had read the those speculations about bitcoin bubble which they thought gonna burst is, I went into laughter. How can a very popular currency doing good hit of price in the marketplace will bubble burst? Well I think that those rumors created by investors doing unfair ways just to divert other users, in order to creat confusing decisions that may result to quick selling decisions. But for now I saw that there is no effectivity of their strategy, people were very clever on reading forum topics and they couldn't be easily diverted just for an speculations; which has no proof.

Yes thats a very old strategy used by some bitcoin holders to create panic among new investors and make them sell their holdings at cheaper price.It worked earlier but no more.People have realized from their past experiences that bitcoin price is to rise and its unstoppable.Let them try some other techniques.

SONG GEET

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Quote from: abercrombie on June 03, 2017, 11:50:17 AM

So the moral of the story is don't buy bitcoin, because you know it's going to crash again!

Correction is possible on bitcoin price and I think that have already happened few days ago, price jumped from $2700 to $1900 and now already on uptrend. Current bullish trend is not a bubble there is strong buy support at $2000 and that is new floor for another pump.

HabBear

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Of course it will, but the important part of that chart is what has happened after the bubble has burst, the dust has settled, and then the advance begins again. The bubble bursting is a buying opportunity.

Bubbles are healthy for the market. We should anticipate them and see them for what they are - opportunity!

abercrombie

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So the moral of the story is don't buy bitcoin, because you know it's going to crash again!

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

maku

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"The wild card in cryptocurrencies is the role of Big Institutional Money. When hedge funds, insurance companies, corporations, investment banks, sovereign wealth funds etc. start adding bitcoin et al. as core institutional holdings, the price may well surprise all but the most giddy prognosticators."

This is interesting insight - it is 100% logical and correct assumption - but will we really have something like institutional money flow into BTC in the future?
Bitcoin ETFs were so far be nipped in the bud by SEC - what should change so SEC your accept Bitcoin as valid asset?

Kprawn

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" The true potential value of cryptocurrencies will not become visible until the global economy experiences a catastrophic collapse of debt and/or a major fiat currency. These events are already baked into the future, in my view; nothing can possibly alter the eventual collapse of the current debt/credit bubble and the fiat currencies that are being issued to inflate those bubbles. "

Cannot agree more with this statement. The biggest bubble is in the Fiat system and critics chose to ignore that. We have seen several Bubbles

burst more or less every 10 years in the Fiat system. http://www.zerohedge.com/news/2013-04-22/visual-history-all-asset-bubbles

Let these people point a finger at Bitcoin being a bubble, but let's remind them of their own bubbles. Grin

maydna

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Quote from: VasyaPupkin on June 03, 2017, 09:05:19 AM

Quote from: drwtsn32 on June 03, 2017, 08:35:54 AM

Yes, the price crashes from time to time but everytime that happens it gets back to its feet then climbs even higher than where it was before. That mechanism happens even years ago. The only difference is how high the price is nowadays.

Whether that's true or not, I have strong belief in bitcoin that it will go more or less $5000 in a couple of months and when that happens, that's when I will withdraw all my funds. For now I'm just going to accumulate it. It's fun playing with bitcoins, really. Cheesy

I am also very optimistic about bitcoin. But I'm not sure that in just a couple of months we will see a price close to $ 5,000. I do not see any events in the future that can provoke such growth

many of us is optimistic like you, i think many of us will see the price is increase until that price soon. no matter what is happen in bitcoin world, i think the price will be still increase like people want but yes it needs a time before its increase higher. but i am not withdraw all of my bitcoin because i am sure that the price is going to go up more than $5000 in the future and until that time is come, i want to earn more bitcoin and save it into my wallet so i can withdraw to fill my bank account and i can use it to buy something that i want.

European Central Bank

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suggestion to posters - read the goddamn article before commenting. it makes what you have to say relevant.

Cherylstar86

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Quote from: DrGuns4Hands on June 03, 2017, 07:36:46 AM

I'm used to saw or read that kind of speculation. Bitcoin is a bubble that's gonna burst? Really? Those people who said this kind of speculative post are the one's who warns other people or for other people to worry about there investment so they just backout with no clear minds and don't know what there going to do.

The moment I had read the those speculations about bitcoin bubble which they thought gonna burst is, I went into laughter. How can a very popular currency doing good hit of price in the marketplace will bubble burst? Well I think that those rumors created by investors doing unfair ways just to divert other users, in order to creat confusing decisions that may result to quick selling decisions. But for now I saw that there is no effectivity of their strategy, people were very clever on reading forum topics and they couldn't be easily diverted just for an speculations; which has no proof.

VasyaPupkin

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Quote from: drwtsn32 on June 03, 2017, 08:35:54 AM

Yes, the price crashes from time to time but everytime that happens it gets back to its feet then climbs even higher than where it was before. That mechanism happens even years ago. The only difference is how high the price is nowadays.

Whether that's true or not, I have strong belief in bitcoin that it will go more or less $5000 in a couple of months and when that happens, that's when I will withdraw all my funds. For now I'm just going to accumulate it. It's fun playing with bitcoins, really. Cheesy

I am also very optimistic about bitcoin. But I'm not sure that in just a couple of months we will see a price close to $ 5,000. I do not see any events in the future that can provoke such growth

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