Topic: Bitcoin's bubble is going to be corrected - Update #3 - page 12. (Read 2425 times)
I don`t believe bitcoin is a bubble. Because to my knowledge, the current bitcoin increment is "controlled by some large whale colonies haven 40% bitcoin".
Tell us something new. The real question is when and how hard.
I think bitcoin will grow and survive, but I also believe it will be dethroned by some altcoins (could be ETH or some other new coins) one day.
It probably will happen in the distant future especially if one of these Coins come up with a game-changing feature that Bitcoin can't offer.
I think bitcoin will grow and survive, but I also believe it will be dethroned by some altcoins (could be ETH or some other new coins) one day.
Well, there have been forks before and they didn't cause Bitcoin to crash or burst. Nothing beats a coin that almost everyone in Crypto invests in.
burst or not, Bitcoin and cryptos are for life now so it will remain precious.
The question is how grand this correction is going to be! Most of us know it is going to happen, but what we don't know is what is going to be the trigger for this huge pop of the bubble. Could it be Christmas shopping or new legislation? Who knows
Christmas season could be one of the factor. Hihi. But, there are soon-to-come forks of Bitcoin, so maybe after that the bubble will burst like a bomb.
It may make a deep correction, yes, but I don't think Bitcoin will crash all the way back down as a lot of support is behind it.
Bitcoin has risen sharply but I think the current bitcoin bubble has not broken. If bitcoins are on some US stocks bitcoins will be stable and bubble bursts will not occur in the near future.
Bitcoin will never officially "burst" for good. It's uses will just steer a different way. Soon I think it will be used for a place to store money for the long term and not so much day to day micro-transactions. Another ALT will take the transaction job. BTC is the tank in the background.
It will burst eventually, the point in that happening is not now since it did not climax yet. The coin is still too new.
Bitcoin will never officially "burst" for good. It's uses will just steer a different way. Soon I think it will be used for a place to store money for the long term and not so much day to day micro-transactions. Another ALT will take the transaction job. BTC is the tank in the background.
We've seen this comment for far too long and where did this lead us? Bitcoin is stronger than ever. It has reached far from anyone ever imagined it. There may be times when the value decreases due to corrections but i don't think it will turn out to be like a bubble.
Stronger ? The main network is unusuable, exchange are down, you can't withdrawal shit, there is a panic buy, we're going to a big crash and it's needed, tired of this exponential growth the tech is not ready yet.
All of the cryptocurrencies have very fluctuate price situations. So, basically, this is not the meaning of that, all the cryptocurrencies are bubble. And also it is valid for bitcoin too.
the bubble might burst but i think there will be plenty of people waiting to blow it back up again!
what will be the damage, it isnt going back to sub $9k . . .
what will be the damage, it isnt going back to sub $9k . . .
We've seen this comment for far too long and where did this lead us? Bitcoin is stronger than ever. It has reached far from anyone ever imagined it. There may be times when the value decreases due to corrections but i don't think it will turn out to be like a bubble.
The bubble will burst sooner or later but it depends on the impact of the burst whether BTC will be able to recover it or not. Bitcoin has recovered every drop it has suffered but the ultimate drop " The bubble burst" will show us how strong Bitcoin is and whether it has a future or not.
I hope the bubble bursts after 4-5 years at least so that we all could make a hefty profit out of it.
I hope the bubble bursts after 4-5 years at least so that we all could make a hefty profit out of it.
We have seen this before (obviously not on this scale) where BTC has risen but then dropped considerably. i believe a couple months into 2018 we will see a drop before it stabilizes again.
People already said this when BTC was skyrocketing to three digits zone or to 1k in 2013. Look where we are now. In my opinion there are too many bubble callers right now.
It's a very correct name - the grand correction, I like it. I guess it will be the most harmful and deep correction ever. According to other BTC corrections (up to 50%) the price could reduce down to 8500.
I'm not too sure about your "grand correction". I think more and more that we will see some flash crashes like the one happening at the moment (from 17k to 14k then back to 15.5k) but within a few hours, Bitcoin will recover and will get even stronger. Bitcoin doesn't give a shit anymore about fundamentals. That's why Fundamental Analysis and technical analysis aren't relevant.
It's a very correct name - the grand correction, I like it. I guess it will be the most harmful and deep correction ever. According to other BTC corrections (up to 50%) the price could reduce down to 8500.
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