Bubble closer than you think? - page 3.

BartS

sr. member

Activity: 980

Merit: 255

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?

You do not understand many of the people investing in bitcoin do not have the intention of cashing out in a long time and many people do not have the intention of ever cashing out, also we already had a big correction and bitcoin was nowhere near to crashing, while it is obvious the price may have been overvalued at 20k, 14k seems to be a fair price to me.

arpon11

sr. member

Activity: 882

Merit: 282

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?

Every one is entitled to their opinions and bitcoin has performed very well because of one thing and that is it technology and societal acceptability. Governments is against bitcoin because bitcoin give freedom to the mass and said or written and articles that bitcoin is a bubble or scam and all sorts of names always come from governments and bankers sponsored articles. I have decided to looking at most of this article with open mind.

superjeyy

full member

Activity: 182

Merit: 147

Quote from: Nilda on January 08, 2018, 07:42:36 PM

How close? This year? Next year? 2020? Doesn’t matter. Crashes are part of every currency. Some people are waiting for this so that they can buy at rock bottom prices.

What Nilda said is true, every currencies experience a crash and this is normal. What makes Bitcoin different than other currencies on the other hand is that its peak shares a directly proportional relationship with its crash. This means that when Bitcoin reach greater heights, its crash can be devastating and with people being used to having high valued Bitcoins, they tend to label it as a bubble when it declines. I think this is unfair because we all know that dealing with Bitcoin meands dealing with volatility and uncertainty. As Nilda said, if Bitcoin rates are low we should take this as an opportunity to buy more as this will definitely be worth it in the long run.

romneymoney

full member

Activity: 193

Merit: 117

HODL

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.

Altas

full member

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Quote from: Ararbermas on January 10, 2018, 09:01:32 PM

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

.. if it crashes everyone will want to buy a lot so it cannot crash

but unfortunately the opposite happened, which is when the price crash they also panic selling instead of buying more to hold. However nowadays the selling scenario is happening as we notice the price of bitcoin on this moment also the red percent in market graph. Perhaps they sell because of worrying about their profit and they covert into alts which is the value is increasing to ensure that they can obtain a good return instead of waiting for the bitcoin to increase.

Very few have the thinking to make profit when the price falls low. Rest just focus of missing the opportunity to sell high and intends to sell. This is what happening with bitcoin price fluctuation. In particular during every price drop people have started to complicate it with the price bubble. In reality I don't find anything to be a bubble recent days.

Ararbermas

sr. member

Activity: 2016

Merit: 283

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

.. if it crashes everyone will want to buy a lot so it cannot crash

but unfortunately the opposite happened, which is when the price crash they also panic selling instead of buying more to hold. However nowadays the selling scenario is happening as we notice the price of bitcoin on this moment also the red percent in market graph. Perhaps they sell because of worrying about their profit and they covert into alts which is the value is increasing to ensure that they can obtain a good return instead of waiting for the bitcoin to increase.

minersday

hero member

Activity: 1484

Merit: 535

Quote from: yg10 on January 08, 2018, 10:15:50 PM

Same old song. bla, bla, bla . tulip mania ...Why this guy (and others) cannot search why and how tulip mania was ended.

Maybe it makes sense, we can not compare both because tulips were used just for "collection" and then to re-sell to other people.

but now it is different, bitcoins, and all the other cryptocurrencies are being used to be used as a payment processor, not just for collecting them and having them in there forever.

This is what all those people need to understand, cryptos are here to stay.

A few centuries ago, a lot of people would tell you that paper money was a scam because they were always using gold or silver to make transactions.

cosmicintegral7

newbie

Activity: 41

Merit: 0

Really hard to predict when this will happen. May be 1 Trillion Market Cap or may be even further.

Washball

full member

Activity: 266

Merit: 151

First crypto index traded as a token!

Bitcoin seems to slow down, there is no high surge at the moment. Some people are waiting on a serious price fall to 10K since December. The price rise to almost 20K made people think this is a bubble, that will soon burst. But when smart investors pump millions in Bitcoin lately, there will be no burst yet. Even if the price goes down to 10K, there will be no crash, because the price will surge to 30K at least.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: SheepSuit on January 09, 2018, 04:54:49 AM

Quote from: BillCoin on January 09, 2018, 04:27:02 AM

You forget to mention that the Market cap is just the total coins available x Last price.

There are tons of lost coins including satoshi's coins, that are still being included and counted in the market cap.
The market cap is not close to 1T$, it's a big time lower.
I believe that bitcoin is on the right way to explode it's bubble, the price has been increasing way too fast, but I also think that you shouldn't rely on the market cap to predict when it is going to happen, as the market cap is very misleading.

That's exactly the point. A lot of the coins are just being held as well and not actually trading. With more and more people getting into crypto I am not worried about a bubble in the short term.

Since Bitcoin was rapidly rising in a few weeks before last year it's not surprising to see such price corrections and bubbles to occur. Ever since the Christmas and New Year's coming, Bitcoin starting to get lower and lower each day and up until now. So if there's another fork that's coming i'm sure it will began to rise up again.

peter0425

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Activity: 2618

Merit: 439

Quote from: CryptoBry on January 10, 2018, 01:58:55 PM

I am tired of reading so many posts in this forum telling us that the bubble is here or that it can happen tomorrow so we have to get prepared maybe suggesting that we dispose all of our Bitcoin holdings at a lower rate than we wanted to have. Meaning that we stop holding on and start selling. The thing is that Bitcoin will always go up and can also go down. When Bitcoin is getting high a lot of people are afraid that it gonna crash soon and when Bitcoin stabilized at the $14-15K level many people are complaining that it stop surging. And now Bitcoin is getting dizzy. The best thing to do is to hope for the surge but always prepared for the dip.

Me too. I'm getting tired of this so called experts calling bitcoin a bubble, I don't know what market price should bitcoin will go before they see that it has been burst? They will not see it because, whenever their's more than 30% dip, which for me is a crash, bitcoin should not recovered from it and then we can see that it has been burst. However, bitcoin is so resilient that it can recover from such crashes.

For me, whenever the price goes up and down, there will be a lot of FUD surrounding bitcoin and we can deny the fact that they will call every shot at attacking bitcoin. We have to face that hard truth.

Now since the price is going down, you will hear lots of argument against bitcoin, but when it recovered, they will call it a bubble again. Either side, there's no escape from those who really want to install fear and create panic.

CryptoBry

sr. member

Activity: 1008

Merit: 355

I am tired of reading so many posts in this forum telling us that the bubble is here or that it can happen tomorrow so we have to get prepared maybe suggesting that we dispose all of our Bitcoin holdings at a lower rate than we wanted to have. Meaning that we stop holding on and start selling. The thing is that Bitcoin will always go up and can also go down. When Bitcoin is getting high a lot of people are afraid that it gonna crash soon and when Bitcoin stabilized at the $14-15K level many people are complaining that it stop surging. And now Bitcoin is getting dizzy. The best thing to do is to hope for the surge but always prepared for the dip.

chocobo21

full member

Activity: 308

Merit: 100

I agree with the article, how can a coin like Dentacoin have a 1.5 billion marketcap ! This makes no sense how can this coin reach such a high price ?

p i e c e

full member

Activity: 336

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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?

No one can predict the exact collapse of bitcoin, but now its price is too high for it to collapse for a short period. Coin is still supported by many large investors and is interested in it's growth.

nl247

full member

Activity: 518

Merit: 145

The mistake a lot of people are making about bitcoin is that it is not just a mere useless stuff that people are just busy throwing their cash on and even though some people tend to see it just as an asset, which caused the recent spike in price, that does not make it a full blown bubble, otherwise with all the attacks from the government and lots of manipulations, it should have crashed by now. However you want to see it, one thing for sure is that even if the value gets lower, there will be so many people waiting to get it at the lower value. I guess the chart should tell you better.

arpon11

sr. member

Activity: 882

Merit: 282

I think the cryptocurrencies is a systems that need long time to build up and what so articles people write about it now should not be taken serious as the prices has most time defiled most of the thought of the writers. We have read many stories including comments that bitcoin is going to clash when it reaches $100, $1,000 and $10,000 but bitcoin has broken all those resistance area and remains strong uptill now. I don't think bitcoin is in bubble and I have to really tell you that bitcoin has a long way to go as per pricing.

juetj4079

full member

Activity: 210

Merit: 100

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?

Bubble

, that is why I heard from many economists in 2013 that there was a big bubble in the price of bitcoin, but its price has been on the increase so far, so I should not believe those words.

SheepSuit

member

Activity: 140

Merit: 10

Quote from: BillCoin on January 09, 2018, 04:27:02 AM

You forget to mention that the Market cap is just the total coins available x Last price.

There are tons of lost coins including satoshi's coins, that are still being included and counted in the market cap.
The market cap is not close to 1T$, it's a big time lower.
I believe that bitcoin is on the right way to explode it's bubble, the price has been increasing way too fast, but I also think that you shouldn't rely on the market cap to predict when it is going to happen, as the market cap is very misleading.

That's exactly the point. A lot of the coins are just being held as well and not actually trading. With more and more people getting into crypto I am not worried about a bubble in the short term.

BillCoin

sr. member

Activity: 476

Merit: 259

You forget to mention that the Market cap is just the total coins available x Last price.

There are tons of lost coins including satoshi's coins, that are still being included and counted in the market cap.
The market cap is not close to 1T$, it's a big time lower.
I believe that bitcoin is on the right way to explode it's bubble, the price has been increasing way too fast, but I also think that you shouldn't rely on the market cap to predict when it is going to happen, as the market cap is very misleading.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: SiranthiS on January 08, 2018, 08:38:57 PM

Yes,bubble may closer than we think. But can't predict it today or tomorrow.Other ALT currencies can be take a part than bit coin.Fluctuation is a natural answer with the day today life.

Then this would be a tiny bubble compared to dotcom which had it's peak around $7 trillion.
The crypto space hasn even reached 1 trillion. Furthermore dotcom was US based while crypto is world wide phenomenon.
Speaking of a bubble right now seems not right imo.
Furthermore we need to clarify what part of the crypto space is in a bubble? Altcoins, ICOS? Yeah we can argue about that. Bitcoin? Probably not as it the only real decentralized, highly secured Blockchain with real world adoption and use cases people can take advantage of..

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