Topic: How much of a bubble is this? - page 4. (Read 5564 times)
This might help give an idea: http://lpplmarketwatch.blogspot.de/2013/11/the-bubble-index-bitcoin-november-16.html
I opt for a crash. Price is purely dictated by chinese market. There was no adoption, no major company support and still the price trippled in just a month. China goes up and sudenly all other markets follow without thought. If they decide to sell, for whatever reason, whole world will sell in panic.
Coinbase and mtgox are both above btcchina, I'm not sure how they're following china. If anything currently china is following the usd/btc.
since we are breaking psychological barriers day by day i think the rise will continue for at least a while. a crash would be fine but i don't think we'll see much of it in the next weeks.
I opt for a crash. Price is purely dictated by chinese market. There was no adoption, no major company support and still the price trippled in just a month. China goes up and sudenly all other markets follow without thought. If they decide to sell, for whatever reason, whole world will sell in panic.
Hey there. I've had my coins locked away for a long time. But yesterday I happened to stumble upon the current Bitcoin price and I was amazed by the sudden rise in value.
However, I do remember the very steep drop that happened half a year ago in April.
So, what do you think? Is the bitcoin going to crash down as fast again this time? Or will it keep on rising, at least for a little while? And why?
However, I do remember the very steep drop that happened half a year ago in April.
So, what do you think? Is the bitcoin going to crash down as fast again this time? Or will it keep on rising, at least for a little while? And why?
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