Topic: Bitcoin price bubbled? - page 20. (Read 7504 times)
It's impossible to tell if bitcoin is the craziest bubble in history or the best investment ever.
When can you say the price of bitcoin is already or nearly bubble?
Do you expect that the price will dump in coming years?
When prices do rise up on insane percentage on a short period of time i do really consider it as a bubble not only on bitcoin but all of coins in the market which do behave on the same way too and now talking on bitcoin its indeed on bubble and anytime soon it will pop out and would correct its price again but i guess that it will go back on 3k price again if it would corrects its price again and when theres already profit accumulation. Do you expect that the price will dump in coming years?
Thinking about the bitcoin in long timeline won’t be predictable in perfect sense. You are thinking about the bitcoin dump after few year, but the thing it really depends on the many factors and situations from which bitcoin is going or suffering. I have researched many times and found bitcoin is volatile currency which depends on external sources like volume of trade, circulating supply of bitcoin and demand in the market.
We dont know how much it is important after few years, if the bitcoin is increased in size in terms of popularity then there is possibility that bitcoin may not be dumped. It may happen that bitcoin gets accepted worldwide as primary or at least secondary currency then it won’t be dumped so easily. So its not predictable about that bitcoin may be dumped.
We dont know how much it is important after few years, if the bitcoin is increased in size in terms of popularity then there is possibility that bitcoin may not be dumped. It may happen that bitcoin gets accepted worldwide as primary or at least secondary currency then it won’t be dumped so easily. So its not predictable about that bitcoin may be dumped.
Considering the already high price, I was always skeptical and thought it will fall again anytime soon. But meanwhile I am convinced that it will rise further, because if you take a look at the Fiat money nonsense, I am confident that more and more people will start to use bitcoin. Probably not the older generation, but the younger and middle aged people surely.
In just one week it went in a increase frenzy. It may fail but i think the stagnant price now is at 3k. And there is even a price in august 1. So i guess better invest than having regrets at the end of the month. A lot really would notice a 5k$ in dollar in just one unit of a cryptocurrency. In my locality many are now having questions and they are enrolling in this links that are seen on fb. So many more strategies are coming for the sake of new people to try it.
technically there is no way to even say price of something is in a bubble. read this: https://en.wikipedia.org/wiki/Economic_bubble
a bubble is usually called to a fast rise of asset prices followed by a contraction. the fast price rise is unwarranted by the fundamentals of the asset and driven by exuberant market behavior.[1]
the issue is you can never say what the price really should be. and unless it drops you can not call it a bubble. and the drop must be a huge drop not a small one. a small drop is a simple correction of price which is a natural market movement.
and when we are talking about bitcoin price, we are talking about its adoption. and that has been growing this year ever since Japan mass adopted bitcoin and legalized it.
[1] www.investopedia.com/terms/b/bubble.asp
a bubble is usually called to a fast rise of asset prices followed by a contraction. the fast price rise is unwarranted by the fundamentals of the asset and driven by exuberant market behavior.[1]
the issue is you can never say what the price really should be. and unless it drops you can not call it a bubble. and the drop must be a huge drop not a small one. a small drop is a simple correction of price which is a natural market movement.
and when we are talking about bitcoin price, we are talking about its adoption. and that has been growing this year ever since Japan mass adopted bitcoin and legalized it.
[1] www.investopedia.com/terms/b/bubble.asp
When can you say the price of bitcoin is already or nearly bubble?
Do you expect that the price will dump in coming years?
Edit: On this year how is the bitcoin value soaring ... What I mean is how fast....
Do you expect that the price will dump in coming years?
Edit: On this year how is the bitcoin value soaring ... What I mean is how fast....
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