Topic: Bitcoin's bubble is going to be corrected - Update #3 - page 4. (Read 2403 times)
Yes, I think the current price drop is just a corrective process to correct irrational investments, but bitcoin will continue to rise, no doubt.
There are too many bad news for Bitcoin these days, ad the price is heading for a dip, dont know how long will this carry on. Maybe altcoins will take advantage of this situation and rising rapidly.
History always repeats itself.
Nothing more dangerous and unexactly than reading the markets with history in mind...
Trading is not history, it has nothing to do with history, it´s totally unpredictable what´s going on tomorrow...
The problem is not the market. wich´s now over 600billion $.... it´s Bitcoin loosing dominance in that market (32% as of now when it used to be 85% a few months back, it was never such lower dominance)...
This is not a bubble burst... it´s called "sacalabillity problem". Sending 70$ of BTC today cost like the same amount in fees (check exodus wallet) for the average user who dunno to adjust regular fee... and that´s increasing everyday....
The money you see out of bitcoin is not going out of the market, it´s going to ALTS... they had the best month in history... it´s not 2013, it´s a new scenario
And that will keep like this untill BTC fix their broken network...
I find it quite difficult to compare the current conditions of bitcoin with those that prevailed four years ago. I think that at the present time the speculative game has completely seized bitcoin and it is impossible to repeat a behavior similar to that of 2013. On the one hand, it is difficult for large investors who are interested in bitcoin today to be willing to let the bitcoin price fall for too long. But on the other hand speculators do not seem willing to let the price of bitcoin grow much without taking profits, in a clear pump and dump scheme. Therefore I would not be surprised to see the bitcoin move for a long time in the current range between $20,000 and $13,000.
What's missing from the graphs? The grand correction is coming soon.
Updated: As shown the correction occurred at roughly 20k on Bitfiniex, approximately 8k USD more than when this was posted. But the correction is occurring, just like 2013
Now, we are entering a second bull-rush period, followed by potentially a third, before the steady recession. Bitcoin is nearly repeating the same pattern it did 4 years ago. History always repeats itself.
Exactly the same as what happen four years ago, couldnt be more predictable .
People get so terrified whenever the price retraces down in the natural movements of the market. Corrections are actually healty for long term growth.
Believe that the price correction of bitcoin has got over. Now it seems to be the time for a next level of growth initiation and reach the price that's been targeted long back. As the price had started to show signs of positive growth, now people have started to be into the process of holding to get the best by the new year.
Let that bubble burst if you believe that bitcoin is a bubble. This has been said thousand times and look on where bitcoin is, still thinking that bitcoin is a bubble? Comparing the chart from few years ago? You can have that technical analysis and comparison but we had different thoughts about bitcoin. If bitcoin is a bubble from this years mid run it should pop but what happened, it didn't. So when it reached $14,000 , $15,000 - $20,000 - $100,000 - $1,000,000 it is still a bubble?
Not paying attention on your words we should ascertain the fact that Bitcoin price really was a bubble in some extent and it was corrected. The price had become more realistic than it was before under the press of promotion and popularity.
No matter how long will the correction continue and from which levels(maybe now is not correction but only consolidation before another run) - bitcoin need to be 1 million bucks in 2020, because I dont want to see McAfee eating his ... oh God I dont even want to imagine it 
Bitcoin soon met with high price increases in short time. I suppose that the balloon rumors are still around because of these sudden ups and downs. In the next 5 years, I think that the price of bitcoin will be 50.000 USD.
I am also excited at the expense of such sharp jumps of bitcoin course. I hope there will not be so much activity in the market in the beginning of next year
It seems to me ,that in 2018 bitcoin will show no less growth than in 2017 and previous years. Demand is growing, more and more new people are entering the cryptocurrency world. So, maybe next year there is a chance to see Bitcoin for $ 100,000. And what happens now -is just a correction.This is a huge correction now and the problem is all the new money that came into Crypto and all the people that bought on the way up who are new to this will now not only lose their shirts but total confidence in the altcoin markets and in Bitcoin, so you will not only see the regular whales and profit takes take their profits, you will see a ton of newcomers come and then leave because they will have lost all their investments. I think if we go down to under 10k USD for Bitcoin you can all kiss good bye the ALTCOIN SPRING OF 2018. No more new people will want to come in and join this revolution when you got a 50% correction in one day. Mainstream investors can't take this kind of volatility, so the market will just be left for the big sharks and whales.
Partially this volatility exist because of too high expectations of mass public which is coming to the market without any knowledge but with $1000 to become a million. If this market was as predictable as Forex why the hec we need it? Imao crypto must be first place integrated into payment systems and not be only speculative instrument for masses or institutions. Let the volatility rule!
I also think that bitcoin is a bubble. But in my opinion this bubble has not burst, it will be very long to inflate. Too much is associated with bitcoin. 
Well you make a sense, it won't pop in nearest future. So you can continue making benefits on it for a long-long time. But don't put all of your funds in the cryptocurrency not to remain without everything.
It is being corrected but it will not burst this is what I think
If the bitcoin will burst, then so what? As long as we have earned from it when its was still giving us profit. If bitcoin is just a bubble I don't care as long as I am earning on its movement in the market.
I agree with you, as long as we can hold the bitcoin without thinking about it is a bubble or not, I think we don't have to get influence with any news and we don't have to confuse to see if somehow the price is down. we are still holding our bitcoin without worry and if the price is down, we can buy bitcoin again and keep in the wallet. I don't care too if bitcoin is a bubble and I only want to sell bitcoin at the right time and the right price that I want.
I think that if hackers do not globally break open exchanges, the rate will be much more stable, the sharp falls associated with the lust of funds, as well as a new year. People began to deduce large sums for gifts and rest. This is the second reason for sharp currency surges
I also think that bitcoin is a bubble. But in my opinion this bubble has not burst, it will be very long to inflate. Too much is associated with bitcoin.
If the bitcoin will burst, then so what? As long as we have earned from it when its was still giving us profit. If bitcoin is just a bubble I don't care as long as I am earning on its movement in the market.
i think that Btc buble will not going to burst, BTC is now a value like a gold, it will go up and down, but price will only rise in long ride. BTC will be use more as deposit value and much less for transactions.
You are right, btc has been widely accepted not only by the investors but also some governments and companies, so it will not burst in the near future in my opinion. And I will keep holding my BTC. I think bitcoins is testing its investors their toughness. LOL Whether to sell or just hold their balance it is up to the people, if they strongly believe that bitcoin can sell at a higher price.
Bitcoin is not a bubble and it will never burst. It is a reality and will remain forever. I don’t understand why some people say that bitcoin is a bubble and it can be burst any time and all the investment of the people will destroy. It is not possible because all the people from the whole world have invested in bitcoin and it is not so easy that their investment will disappear somewhere they don’t know. Jump to: