Bubble closer than you think? | Bitcointalksearch.org

Barbut

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Quote from: bitkanu on February 08, 2018, 06:39:37 PM

Quote from: pinoyden on January 31, 2018, 12:43:10 AM

Quote from: CyberKuro on January 30, 2018, 05:41:41 PM

Everything that suddenly pumped significantly in a short time is a bubble, including bitcoin when it reached $20,000 and then pops up to $11,000. Look at the current price at $10K, barely can't pass the $12K wall. Hence, it's better if bitcoin price increases slowly but steady.

lol no, thats not the real definition of a bubble because what i heard is that a bubble is something that pops out and dissapear in thin air without a trace. pumping of a coin is pretty normal and that is due to the more demand that it gets from the public as well as market manipulation by whales. dumping of the price is also normal as it always happen in the case of crypro curency and that is also due to the lesser demand as well as manipulation. overall i do agree that we are now closer to the bubble because bitcoin is still continue to decrease from hero going to zero.

If we compare this year's current price with the price when we still on the early of 2017, we still above, I only consider bubble when an assets increasing so significantly and when it pops, it's gone, or at least, have lower value than or back to the beginning price. as you said, price dumping is really normal and this cycle always happening in the early months of every year. It's been proven and someone even have written an article regarding the pump and dump cycle. What makes this year looks different is because the mass adoption has increased significantly and there's so many newcomers who always scream even when bitcoin just drops about $1.

Who said that bitcoin is a bubble first time? Who said that and why people repeat that bubble, bubble like you know what bubble really is. Who is blind can open any chart and see how much crypto currencies worth now, how many altcoins there is, how many markets there is. Price raised due very high demand last year, and why price dropped well some whale dumped couple thousands bitcoins all of a sudden and panic started. Bitcoin marketcap is still over 100 billions, other coins increased significantly, this is not a bubble that is a proof that people are more and more interested in crypto assets. To many newbies scream when ever price is rising or dropping, look at this speculation sector, some people post really stupid topics with very stupid questions. I don't doubt that many of them bought on top and sold in dip, this kind of people will blame bitcoin for their own stupidity.

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Quote from: pinoyden on January 31, 2018, 12:43:10 AM

Quote from: CyberKuro on January 30, 2018, 05:41:41 PM

Everything that suddenly pumped significantly in a short time is a bubble, including bitcoin when it reached $20,000 and then pops up to $11,000. Look at the current price at $10K, barely can't pass the $12K wall. Hence, it's better if bitcoin price increases slowly but steady.

lol no, thats not the real definition of a bubble because what i heard is that a bubble is something that pops out and dissapear in thin air without a trace. pumping of a coin is pretty normal and that is due to the more demand that it gets from the public as well as market manipulation by whales. dumping of the price is also normal as it always happen in the case of crypro curency and that is also due to the lesser demand as well as manipulation. overall i do agree that we are now closer to the bubble because bitcoin is still continue to decrease from hero going to zero.

If we compare this year's current price with the price when we still on the early of 2017, we still above, I only consider bubble when an assets increasing so significantly and when it pops, it's gone, or at least, have lower value than or back to the beginning price. as you said, price dumping is really normal and this cycle always happening in the early months of every year. It's been proven and someone even have written an article regarding the pump and dump cycle. What makes this year looks different is because the mass adoption has increased significantly and there's so many newcomers who always scream even when bitcoin just drops about $1.

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Quote from: BartS on February 08, 2018, 06:12:14 PM

Quote from: CyberKuro on January 30, 2018, 05:41:41 PM

Everything that suddenly pumped significantly in a short time is a bubble, including bitcoin when it reached $20,000 and then pops up to $11,000. Look at the current price at $10K, barely can't pass the $12K wall. Hence, it's better if bitcoin price increases slowly but steady. But, it won't be achieved without usability appeal of bitcoin, as soon as core developers and miners agreed to implement another scale solution such as the lightning network or Schnorr signatures, hopefully, the transaction fees will be decline and no longer takes a long time to be confirmed.

It was a bubble but that does not mean that bitcoin cannot reach that price again or that the price of bitcoin was not fair, it was fair, the problem is there is simply not enough demand to justify that price right now but as bitcoin becomes more popular then we are sure to see that price again, in fact I think it is very likely we are going to see that price again in this year.

The demand will just their but the Bad news is one of the barricade right now since many people doubting to buy BTC at this point since they will afraid if their would be a dump will occur again. And if the weather will calm well maybe we can see that the demand will rise again and we will see that Bitcoins will pump and reach again to its 19k$ level or maybe evenmore.

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Quote from: CyberKuro on January 30, 2018, 05:41:41 PM

Everything that suddenly pumped significantly in a short time is a bubble, including bitcoin when it reached $20,000 and then pops up to $11,000. Look at the current price at $10K, barely can't pass the $12K wall. Hence, it's better if bitcoin price increases slowly but steady. But, it won't be achieved without usability appeal of bitcoin, as soon as core developers and miners agreed to implement another scale solution such as the lightning network or Schnorr signatures, hopefully, the transaction fees will be decline and no longer takes a long time to be confirmed.

It was a bubble but that does not mean that bitcoin cannot reach that price again or that the price of bitcoin was not fair, it was fair, the problem is there is simply not enough demand to justify that price right now but as bitcoin becomes more popular then we are sure to see that price again, in fact I think it is very likely we are going to see that price again in this year.

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Quote from: CyberKuro on January 30, 2018, 05:41:41 PM

Everything that suddenly pumped significantly in a short time is a bubble, including bitcoin when it reached $20,000 and then pops up to $11,000. Look at the current price at $10K, barely can't pass the $12K wall. Hence, it's better if bitcoin price increases slowly but steady.

lol no, thats not the real definition of a bubble because what i heard is that a bubble is something that pops out and dissapear in thin air without a trace. pumping of a coin is pretty normal and that is due to the more demand that it gets from the public as well as market manipulation by whales. dumping of the price is also normal as it always happen in the case of crypro curency and that is also due to the lesser demand as well as manipulation. overall i do agree that we are now closer to the bubble because bitcoin is still continue to decrease from hero going to zero.

CyberKuro

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Everything that suddenly pumped significantly in a short time is a bubble, including bitcoin when it reached $20,000 and then pops up to $11,000. Look at the current price at $10K, barely can't pass the $12K wall. Hence, it's better if bitcoin price increases slowly but steady. But, it won't be achieved without usability appeal of bitcoin, as soon as core developers and miners agreed to implement another scale solution such as the lightning network or Schnorr signatures, hopefully, the transaction fees will be decline and no longer takes a long time to be confirmed.

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Quote from: EdenHazard on January 23, 2018, 09:13:16 AM

Quote from: romneymoney on January 10, 2018, 09:47:49 PM

I feel like the most likely scenario is the past repeating itself again. The price will generally decline for a few years and then will increase to a level 10-20x the previous ATH, so $200k+
Yeah, things are different, wall st money, alt coins, etc.. Nothing's guaranteed of course, I'm not putting my money where my mouth is on this in regards to the long term decline, I'm hodling. I am increasing my alt holdings, but I'm majority btc still and no selling.

those people who think bitcoin are a bubble will of course laugh a little bit and laugh hardly when crypto market completely crash , at least for now let them laugh as they wish , we can laugh harder later .

hodl and watch it , the more people who hates bitcoin the more potential of bitcoin to increase price and popularity.

I am not sure that Bitcoin crash will come very soon. Too many big players rule the market — they will never let BTC fall. But it does not mean Bitcoin can replace fiat.

ASHLIUSZ

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Quote from: BartS on January 29, 2018, 06:27:52 PM

Quote from: Drixy on January 13, 2018, 07:58:36 PM

Quote from: virtualdn on January 08, 2018, 06:28:37 PM

BTC will exist even in the next 100 years... if it crashes everyone will want to buy a lot so it cannot crash

The only ones saying it's a bubble are the ones who missed the train and are envy right now

Yeah it will exist for more than 100 years although i doubt it will be useful fro more than 10 years from now. It wont be used more often than before from ten years as of now. Yup Bitcoin will probably useless or not be used by so many But that doesnt mean it wont exist. If your worrying on your money so much OP then so be it dont invest then.

Almost all the altcoins are based on the technology of bitcoin, if bitcoin fails then most alts are going to fail as well and there is no way around that, so all these people that wish that their coin was the number one in market cap are unable to see what will happen if that was the case, if bitcoin crashed a huge amount of money will be lost and I'm sure many people will decide to abandon crypto and never invest again.

That's a promised fact. If bitcoin falls, surely altcoins too will fall along with bitcoin. This is the real fact and it all happens just because of altcoins being dependent on bitcoin. Price crash is quite a common thing with bitcoin, but the same never lets the community down. Because it surely retains the growth at some instance.

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Quote from: Drixy on January 13, 2018, 07:58:36 PM

Quote from: virtualdn on January 08, 2018, 06:28:37 PM

BTC will exist even in the next 100 years... if it crashes everyone will want to buy a lot so it cannot crash

The only ones saying it's a bubble are the ones who missed the train and are envy right now

Yeah it will exist for more than 100 years although i doubt it will be useful fro more than 10 years from now. It wont be used more often than before from ten years as of now. Yup Bitcoin will probably useless or not be used by so many But that doesnt mean it wont exist. If your worrying on your money so much OP then so be it dont invest then.

Almost all the altcoins are based on the technology of bitcoin, if bitcoin fails then most alts are going to fail as well and there is no way around that, so all these people that wish that their coin was the number one in market cap are unable to see what will happen if that was the case, if bitcoin crashed a huge amount of money will be lost and I'm sure many people will decide to abandon crypto and never invest again.

Basmic

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The term bubble is not suited to bitcoin. The idea is very promising. It seems to me that Fiat has more signs of a bubble than bitcoin. What do you think can the economy of America to pay foreign debt in the amount of 20 trillion dollars? The dollar does the same bubble? I like bitcoin and I believe in its future.

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Quote from: jellyhashman on January 27, 2018, 01:32:48 AM

May be Bitcoin or some other cryptocurrency will replace fiat, but it will take 10-20 years.

I love bitcoin but its a no. Bitcoin won't replace fiat, some countries declared that bitcoin is good as commodity so they are giving their people an idea on what bitcoin really is. But I do believe that bitcoin is the future and for those people who are keep on saying that its a bubble, ok.

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Quote from: JoinCoins on January 08, 2018, 06:05:15 PM

https://www.ccn.com/the-very-essence-of-a-bubble-jeremy-grantham-lumps-bitcoin-into-larger-market-trends/
This article makes worry about future.
After a while if everything increasing exponentinally at some stage die people cash all out and the big crash is coming sooner or later.
Any thoughts on this when?

This migh happened and it might not happen as we have read many of such articles several time on many blogs. I stay with my personal decision on all this and I believe in bitcoin and i believe bitcoin will not be in bubble. From the beginning people saying bitcoin is going to die when it gets to $10, $100, $500, $1000 and $10,000 but bitcoin is still living.

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Quote from: Higher Altitude on January 26, 2018, 09:13:32 AM

Bitcoin won't replace FIAT I guess, something else that has yet to emerge will. But I really like the technology. And they are right, it's way too unstable to be used by everyone. That's why people cash out in USD/EUR. It's stable. But nothing out there can beat the 10X returns. Grin

May be Bitcoin or some other cryptocurrency will replace fiat, but it will take 10-20 years.

andrei56

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Quote from: virtualdn on January 08, 2018, 06:28:37 PM

BTC will exist even in the next 100 years... if it crashes everyone will want to buy a lot so it cannot crash

The only ones saying it's a bubble are the ones who missed the train and are envy right now

As long as the characteristics of bitcoin that make it valuable remain there it does not matter if the price of bitcoin crashes, there is always going to be people that will want to invest money in bitcoin since the potential to become the next big thing is there, however if that were to happen, you will need to have an unshakable faith in bitcoin and there are not many people like that.

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Quote from: Higher Altitude on January 26, 2018, 09:13:32 AM

Bitcoin won't replace FIAT I guess, something else that has yet to emerge will. But I really like the technology. And they are right, it's way too unstable to be used by everyone. That's why people cash out in USD/EUR. It's stable. But nothing out there can beat the 10X returns. Grin

Well, financiers and economists are speaking to the majority of the media with statements that Bitcoin is an army of the financial pyramid and many people will suffer from this future. Of course there is a certain number of people who will earn a lot of money for this, but everyone else who invests in Bitcoin can lose money. This information is always on my guard and I think I will have time to make money on it.

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Bitcoin won't replace FIAT I guess, something else that has yet to emerge will. But I really like the technology. And they are right, it's way too unstable to be used by everyone. That's why people cash out in USD/EUR. It's stable. But nothing out there can beat the 10X returns. Grin

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Quote from: dlhezter on January 23, 2018, 10:11:02 AM

Quote from: EdenHazard on January 23, 2018, 09:13:16 AM

Quote from: romneymoney on January 10, 2018, 09:47:49 PM

I feel like the most likely scenario is the past repeating itself again. The price will generally decline for a few years and then will increase to a level 10-20x the previous ATH, so $200k+
Yeah, things are different, wall st money, alt coins, etc.. Nothing's guaranteed of course, I'm not putting my money where my mouth is on this in regards to the long term decline, I'm hodling. I am increasing my alt holdings, but I'm majority btc still and no selling.

those people who think bitcoin are a bubble will of course laugh a little bit and laugh hardly when crypto market completely crash , at least for now let them laugh as they wish , we can laugh harder later .

hodl and watch it , the more people who hates bitcoin the more potential of bitcoin to increase price and popularity.

yeah thats right, bitcoin haters are laughing us now because of the recent crashes, but after all we all know that bitcoin is not a bubble as they thinking off, crypto has more big competitors upsidedown, so it is very normal to them to create more panic on some newbie bitcoin holders. just continue believing in bitcoin after this we are all bitcoin holders are laugh hardly to them when bitcoin pump huge. Grin

Well i'm not sure if a value of 10k usd is a laughable price as well. It's still expensive at this point considering that we've already dropped 50% from december's ath. The fact that its lingering and has strong support around 10k tells us that if it's a bubble, it's being primed to be inflated again.

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Quote from: EdenHazard on January 23, 2018, 09:13:16 AM

Quote from: romneymoney on January 10, 2018, 09:47:49 PM

I feel like the most likely scenario is the past repeating itself again. The price will generally decline for a few years and then will increase to a level 10-20x the previous ATH, so $200k+
Yeah, things are different, wall st money, alt coins, etc.. Nothing's guaranteed of course, I'm not putting my money where my mouth is on this in regards to the long term decline, I'm hodling. I am increasing my alt holdings, but I'm majority btc still and no selling.

those people who think bitcoin are a bubble will of course laugh a little bit and laugh hardly when crypto market completely crash , at least for now let them laugh as they wish , we can laugh harder later .

hodl and watch it , the more people who hates bitcoin the more potential of bitcoin to increase price and popularity.

yeah thats right, bitcoin haters are laughing us now because of the recent crashes, but after all we all know that bitcoin is not a bubble as they thinking off, crypto has more big competitors upsidedown, so it is very normal to them to create more panic on some newbie bitcoin holders. just continue believing in bitcoin after this we are all bitcoin holders are laugh hardly to them when bitcoin pump huge. Grin

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Quote from: romneymoney on January 10, 2018, 09:47:49 PM

I feel like the most likely scenario is the past repeating itself again. The price will generally decline for a few years and then will increase to a level 10-20x the previous ATH, so $200k+
Yeah, things are different, wall st money, alt coins, etc.. Nothing's guaranteed of course, I'm not putting my money where my mouth is on this in regards to the long term decline, I'm hodling. I am increasing my alt holdings, but I'm majority btc still and no selling.

those people who think bitcoin are a bubble will of course laugh a little bit and laugh hardly when crypto market completely crash , at least for now let them laugh as they wish , we can laugh harder later .

hodl and watch it , the more people who hates bitcoin the more potential of bitcoin to increase price and popularity.

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Quote from: magneto on January 23, 2018, 04:00:56 AM

Quote from: JoinCoins on January 08, 2018, 06:05:15 PM

https://www.ccn.com/the-very-essence-of-a-bubble-jeremy-grantham-lumps-bitcoin-into-larger-market-trends/
This article makes worry about future.
After a while if everything increasing exponentinally at some stage die people cash all out and the big crash is coming sooner or later.
Any thoughts on this when?

People have been saying that bitcoin is a bubble at $2000. But if we go back to $2000, will anyone say that bitcoin is a bubble any more? Probably not, because it's going to be a 90% loss for anyone who bought at the all time high.

Personally i think that bitcoin's rise has been very quick, and when bitcoin was close to the all time high it was a bubble. However, now that bitcoin is under $11k, it seems quite stable since the ultimate support is at $10k.

And who would argue that the advancements that bitcoin has made in terms of adoption wasn't worth the 1000% rise in the past year. If anything, the bubble has already popped. We're just going to be waiting for the next bitcoin season, that is all.

The rise in value was in my eyes too quickly, almost everyday a new ATH was reached. Now the price is stable around the $10k mark.
While the support seems to be quite strong at the $10k mark, if we go below it and it doesn't bounce back immediatly, than I thik we are in for a new big crash.

Topic: Bubble closer than you think? (Read 695 times)