Topic: Bitcoin's bubble is going to be corrected - Update #3 (Read 2403 times)
Bubble is a very loud name, because in general there is talk about a bubble, now you can call everything that relates to finance in general, all this is nothing more than just a bubble, all loans and loans are also bubbles.
I think this is a normal condition, if we compare it to the chart displayed by gold, the graph will be the same and I hope Bitcoin follows the cycle
Bitcoin is not a bubble therefore nothing needs to be corrected.
Bitcoin is suffering now from depression in the market.
Those who have no guts will walk away in the market.
But those who are smrt will get more BTC and hold for it.
Bitcoin is suffering now from depression in the market.
Those who have no guts will walk away in the market.
But those who are smrt will get more BTC and hold for it.
There is no bubble, there is just a market that is still developing and it is a market where there are lots of new investors who do not understand well how the investing works. People have called bitcoin a bubble for years and yet here is the coin being so much more than anyone expected. Yes the bear markets last a long while but what matters is that it breaks in the end and people make a lot of profit from the resulting bull market
LOL! I've heard of this nonsense of "the bubble is going to burst" since Bitcoin was only worth $100.
It will indeed have a price correction (it's very much overbought today) but that's hardly a "bubble that is going to burst".
Live with it.... Bitcoin is HERE TO STAY and especially GROW STRONGER.
It will indeed have a price correction (it's very much overbought today) but that's hardly a "bubble that is going to burst".
Live with it.... Bitcoin is HERE TO STAY and especially GROW STRONGER.
and those bubbles have busted every time, until there was a new major growth indication, mostly led by volume and etc. Those downfalls lasted many months.
No one here is talking about the longevity or the regrowth to new heights, we are talking about the current climate.
We're entering new territory, and as i had somewhere predicted that we'd see a 5k Bitcoin back in December 17', which will not be entirely unreasonable at this current time.
Everything that's occurring with Bitcoin now, has already occurred 3-5 years ago.
There are many who predicted 10k-20k... etc Bitcoin and claimed to be experts, high profile figures in other industries.
What we are witnessing, is the trends and historically accuracy about how Bitcoin's markets function. 5k Bitcoin was realized today, but, the market is still in downturn. It's these periods of high uncertainty is what dis-ways many from crypto. But, those who stay and invest properly will come out as the new kings in 2020-2021, just like those who made it out in 2017 for being diligent in their efforts during 2014-2017
If the BTC is a bubble, it has been destroyed a few years ago, and the blockchain technology has been developing, and BTC should always be valuable in a few decades.
How can people call Bitcoin a bubble or even a scam if they are here, on this Forum? It means that they share here the wrong information and let the other people panic. I believe in the power of BTC and know it will be gaining.
It is amazing to see your prediction based on historical chart of bitcoin, so what are your thoughts about the support in 2013 after huge correction support was found around $200 what should be the last support now? At the moment looks like it is sustaining above $6k i hope it will be the optimum support and btc will consolidate here.
I agree with you on some points and disagree on others.
Yes, it is following the pattern of past years.
But no, it will not turn out the same, as in there will be an extremely long recession.
There are some important factors to consider.
#1 is that crypto has mainstream awareness now. This is tremendous in that it's reach has multiplied 1billion times.
#2 it is on institutional money's radar. With the incorporation of btc futures and investing via more "traditional" means (hedge funds, financial portfolios,etc.), it is only a matter of time until big players jump in.
#3 there are viable alternatives to btc and even alternatives that blow btc out of the water.
This makes me believe that it will be another fantastic year for btc as it plays its last Hurrah.
Then will be replaced by something else as the cornerstone value asset of the crypto market.
I see money migrating to eth, then on to better structured platforms like neo or theoretically ada.
...of course, like you said, this is me just speculating also.
Who knows, maybe we will see btc never break 10k this entire year.
Yes, it is following the pattern of past years.
But no, it will not turn out the same, as in there will be an extremely long recession.
There are some important factors to consider.
#1 is that crypto has mainstream awareness now. This is tremendous in that it's reach has multiplied 1billion times.
#2 it is on institutional money's radar. With the incorporation of btc futures and investing via more "traditional" means (hedge funds, financial portfolios,etc.), it is only a matter of time until big players jump in.
#3 there are viable alternatives to btc and even alternatives that blow btc out of the water.
This makes me believe that it will be another fantastic year for btc as it plays its last Hurrah.
Then will be replaced by something else as the cornerstone value asset of the crypto market.
I see money migrating to eth, then on to better structured platforms like neo or theoretically ada.
...of course, like you said, this is me just speculating also.
Who knows, maybe we will see btc never break 10k this entire year.
LOL! I've heard of this nonsense of "the bubble is going to burst" since Bitcoin was only worth $100.
It will indeed have a price correction (it's very much overbought today) but that's hardly a "bubble that is going to burst".
Live with it.... Bitcoin is HERE TO STAY and especially GROW STRONGER.
It will indeed have a price correction (it's very much overbought today) but that's hardly a "bubble that is going to burst".
Live with it.... Bitcoin is HERE TO STAY and especially GROW STRONGER.
and those bubbles have busted every time, until there was a new major growth indication, mostly led by volume and etc. Those downfalls lasted many months.
No one here is talking about the longevity or the regrowth to new heights, we are talking about the current climate.
We're entering new territory, and as i had somewhere predicted that we'd see a 5k Bitcoin back in December 17', which will not be entirely unreasonable at this current time.
Everything that's occurring with Bitcoin now, has already occurred 3-5 years ago.
All right. Honestly, I am not good in Technical analysis and Fundamental analysis.
I will follow this lead. It seems you are right. I just save my 50% assets to FIAT.
If the BTC is a bubble, it has been destroyed a few years ago, and the blockchain technology has been developing, and BTC should always be valuable in a few decades.
LOL! I've heard of this nonsense of "the bubble is going to burst" since Bitcoin was only worth $100.
It will indeed have a price correction (it's very much overbought today) but that's hardly a "bubble that is going to burst".
Live with it.... Bitcoin is HERE TO STAY and especially GROW STRONGER.
It will indeed have a price correction (it's very much overbought today) but that's hardly a "bubble that is going to burst".
Live with it.... Bitcoin is HERE TO STAY and especially GROW STRONGER.
and those bubbles have busted every time, until there was a new major growth indication, mostly led by volume and etc. Those downfalls lasted many months.
No one here is talking about the longevity or the regrowth to new heights, we are talking about the current climate.
We're entering new territory, and as i had somewhere predicted that we'd see a 5k Bitcoin back in December 17', which will not be entirely unreasonable at this current time.
Everything that's occurring with Bitcoin now, has already occurred 3-5 years ago.
Man this is an interesting read, going back to the first post when there is no bubble & comments suggesting there wont be a correction - then the realisation that oh yes there sure as hell is a correction going on.... but that is all it is.
People invest to make money, if there is a huge increase in price over the space of a month or two of course people are going to sell, history, economics, human nature dictates that. Lets just ride it out, this is still early in Crypto land & adoption is still miniscule compared to where it will be in a few years. Fascinated to see how the story develops
People invest to make money, if there is a huge increase in price over the space of a month or two of course people are going to sell, history, economics, human nature dictates that. Lets just ride it out, this is still early in Crypto land & adoption is still miniscule compared to where it will be in a few years. Fascinated to see how the story develops
It is really the big problem right now in bitcoin. High transaction fees and slow transaction process, if there is a reason for bitcoins to burst. I guess it is because of that.
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
There you go, hope you can get yourself at least somewhat up to speed. Then you will maybe stop writing obvious fallacies on the forum.
Bitcoin transactions are near the lows and happen fast.
It seems to me that this is a temporary phenomenon. The usual market situation. "Messenger from the future," giving a forecast for the price of 100,000 bitcoins in 2019 can not be mistaken. 
I expect growth.
I'm afraid that with such a $ 100,000 course bitcoin can explode. Bitcoin is a speculative coin, which is little provided with real funds and capital. How can its course achieve this unbelivable amount? Only by swindling and speculation. People just stop believing in it I expect growth. I cannot imagine what will happen if the bitcoin price increase until $100,000 and I think many people will become the richest people in their city and they can be famous in their city. and once the bitcoin price raises that number, we can see that many people will be shocked and will join into bitcoin world immediately. but personally, we are still far to reach that number and I think there are many things that we need to be solved or to be fixed before the price jump at that price.
It seems to me that this is a temporary phenomenon. The usual market situation. "Messenger from the future," giving a forecast for the price of 100,000 bitcoins in 2019 can not be mistaken. I expect growth.
I'm afraid that with such a $ 100,000 course bitcoin can explode. Bitcoin is a speculative coin, which is little provided with real funds and capital. How can its course achieve this unbelivable amount? Only by swindling and speculation. People just stop believing in it I expect growth. In order to prove that this theory is erroneous bitcoin just need to grow in price for example to $ 30,000 - $ 40,000 this year. I'm not sure that bitcoin is a bubble, but in any case time will show who is right. 
I hope you are right. We can not predict much, but this bitcoin correction was expected. The growth rate of bitcoin can not be eternal. As well as the fall of bitcoin... 
After rapid and strong growth the price of bitcoin falls and this is just the law of the market. There can not be a constant growth as well as fall. And this means that soon bitcoin will start to grow again. I do not believe that bitcoin will move sideways for a long time.
The bitcoin has risen so much and rapidly so the correction was inevitable but the question is how much this correction will be and how much it will last. I wonder if it will see the dip again like in past years.
The graphs given here are of course very obvious. But it does not seem to me that you can not see the future. Yes, you can make a prediction that some event will happen with a certain probability in the future, but this is only a possibility. 
In order to prove that this theory is erroneous bitcoin just need to grow in price for example to $ 30,000 - $ 40,000 this year. I'm not sure that bitcoin is a bubble, but in any case time will show who is right.
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