Topic: I think we just started a bubble. (Read 1540 times)
i think the high rising price is dangerous,but i hope it proves wrong.
I agree with OP,the price of bitcoin can fall but not that much.
I guess it will fall 350$ again and then it will rise again to $600 or more.
I guess it will fall 350$ again and then it will rise again to $600 or more.
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Do not start taking out loans against Bitcoin
Anyone who is doing this is either plain stupid, optimistic to the point of being an idiot or desperate. Don't ever lend in bitcoin directly, as you can see volatility of btc is so great that you could be forced to repay 50% more than sum your initial loan was!
Trouble is that I see this a lot, suggestions on these forums to start taking out lines of credit and loans simply to "invest" in bitcoin in the hopes that you can make a quick buck off of what is ultimately a bubble. Trying to time the market like that is such an easy way to lose thousands of dollars.
Every bubble has resulted in a higher base the next time around. People hate it when the price is low and stagnant, but when it rises quickly they complain too! There have been plenty of flash crashes, a bubble is just the opposite, but with more greed involved. I have been holding for some time and am happy that I am in paper (electronic) profit now. If we have a bubble I will probably sell at a high price ($1500+), possibly exchanging for gold. We will see what happens, but I find it fascinating, it's great to wake up and want to check the price for once!
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Do not start taking out loans against Bitcoin
Anyone who is doing this is either plain stupid, optimistic to the point of being an idiot or desperate. Don't ever lend in bitcoin directly, as you can see volatility of btc is so great that you could be forced to repay 50% more than sum your initial loan was!
Trouble is that I see this a lot, suggestions on these forums to start taking out lines of credit and loans simply to "invest" in bitcoin in the hopes that you can make a quick buck off of what is ultimately a bubble. Trying to time the market like that is such an easy way to lose thousands of dollars.
yep I think so too. We are getting too hyped about this bitcoin's price. I expected to see the price steady at 300-320 but it is shocking to find that it jumped to 440 right now. Be careful as this is the real bubble and someone gonna take advantage of this to make some. The price of bitcoin now is in our's hand don't let it out of control
Yes...the price of bitcoin is in our hands. Keep buying the price keeps going up, I...i mean we...need to make some money. Don't sell. I'll tell you when to sell...I'll sell first and then I'll tell you that I've made my mint, and you should try to do the same.
We all need to relax and just watch for a while. It might pull back, it might not, but nothing about the price takes anything away from the real value of bitcoin.
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Do not start taking out loans against Bitcoin
Anyone who is doing this is either plain stupid, optimistic to the point of being an idiot or desperate. Don't ever lend in bitcoin directly, as you can see volatility of btc is so great that you could be forced to repay 50% more than sum your initial loan was!
yep I think so too. We are getting too hyped about this bitcoin's price. I expected to see the price steady at 300-320 but it is shocking to find that it jumped to 440 right now. Be careful as this is the real bubble and someone gonna take advantage of this to make some. The price of bitcoin now is in our's hand don't let it out of control
There's already been a few corrections within the growth and people keep buying into the weakness. This is telling, it's a test of the support.
This all depends on what time frame you use to look at the price history, but one could say that we're finally recovering from the damage caused by the Mt. Gox collapse. The price was hovering much higher than $400 only 18 months ago...maybe we're just pulling out of the recession?
We've only just peaked beyond what the price was 1 year ago...on November 12, 2014 the price hit $427.
This all depends on what time frame you use to look at the price history, but one could say that we're finally recovering from the damage caused by the Mt. Gox collapse. The price was hovering much higher than $400 only 18 months ago...maybe we're just pulling out of the recession?
We've only just peaked beyond what the price was 1 year ago...on November 12, 2014 the price hit $427.
Well, I don't know if/when the next BTC bubble starts. You might be right, such sharp two day moves often are a sign that
bubbles may be underway. Even in BTC, where Huge moves are common. I am working on my own personal strategy of buying gold BTC when the Gold:BTC ratio gets favorable. me shows that ratio at around 2.69, very cheap by recent standards.
bubbles may be underway. Even in BTC, where Huge moves are common. I am working on my own personal strategy of buying gold BTC when the Gold:BTC ratio gets favorable. me shows that ratio at around 2.69, very cheap by recent standards.
I am fine with small crashes, though I think to big of a crash will destroy Bitcoin confidence again.
I think the present crop of holders has had their confidence battered enough to survive now. If it did reach thousands that would mean a lot of fresh blood and a lot of damage if there was an epic collapse. In theory it should level off if it becomes bigger as speculation makes way for more utility. That's a nice theory but I don't think people will be able to resist piling in. Perhaps we're stuck with this cycle forever. I hope not.
I am fine with small crashes, though I think to big of a crash will destroy Bitcoin confidence again.
we are in a bubble/revaluation
There will be a retracement..but when?, however consider the largest up was from a few cents to above a dollar.
I feel that 1000$ will be the new $1 and so on to $10K then $100K etc ever a 10 ~ 5 year horizon
There will be a retracement..but when?, however consider the largest up was from a few cents to above a dollar.
I feel that 1000$ will be the new $1 and so on to $10K then $100K etc ever a 10 ~ 5 year horizon
It is possible that we are in a bubble, it is also possible that the price was overly depressed previously, or it is a possibility that it is a mixture of the two.
The price is very rapidly increasing which is somewhat concerning (FYI - at one point the 24 hour increase was above 22%, however the market crashed so now it is "only" up ~10% over the last 24 hours), although there is an argument that the price was previously lower then it should have been.
In November 2013, the price of bitcoin went up every day except one when it went down ~50, or ~11.5%
The price is very rapidly increasing which is somewhat concerning (FYI - at one point the 24 hour increase was above 22%, however the market crashed so now it is "only" up ~10% over the last 24 hours), although there is an argument that the price was previously lower then it should have been.
In November 2013, the price of bitcoin went up every day except one when it went down ~50, or ~11.5%
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Do not start taking out loans against Bitcoin
This is good advise. China has just allowed their banks to deposit Yuan directly to the exchanges. No more vouchers and workarounds. You know what that means, don't you OP? This is just a begging, this bubble will be huge and it surely won't stop at $500 it seems to me!
What they giveth can just as easily be taken away. They weren't too happy with the last bubble. I wonder what they'll get up to if there's a proper explosion again.
As of now, today the price on Bitstamp has increased by almost $50 and over 13%. This is not a sustainable increase. I feel like what should have just been a small correction could have just started to spur a massive bubble, and I would be extremely wary of this. Do not get too hyped by this, guys, please. Do not start taking out loans against Bitcoin. I feel it's great the price is increasing, but this is a risky deal for all of us.
Agree with you. But everybody starts panic and also everybody wants to earn right know, only few people with experience are thinking about long term perspective
i think it's normal, it's how the increase work in a very unstable market like this
An "unstable market" is not normal nor good. Granted, Bitcoin is fairly unstable, but prior to recently it was pretty stable around the $230-$250 mark...
you can't simply expect that, all traders synchronize their trading activity and decide to pump step by step, it does not work in that
1 buyer simply see the price rise and jump in, then the next one, then another one, and then you have the first, who buys again... and another parallel reaction like this will happen in the meantime and so on..
1 buyer simply see the price rise and jump in, then the next one, then another one, and then you have the first, who buys again... and another parallel reaction like this will happen in the meantime and so on..
Until it forms a bubble and crashes. It's happened plenty of times bud.
it was not stable, i would call it "dead market", a market like this will always be unstable until we have major adoption, or real mainstream status
until then heavy fluctuations like this is all you can have, because the marketcap is simply a big joke
It has already corrected a bit a few hours ago. Back 20-30 USD in one candle.
I don't think we are ready with growing yet, but we are definitely starting to inflate a bubble here.
I don't think we are ready with growing yet, but we are definitely starting to inflate a bubble here.
Bitcoin is an unstable currency, so random jumps in price are normal. You just have to be aware and try to foresee a bubble popping, or someone faildumping and we all lose out.
If only we had a certain day that everyone pitched in and dumped their bitcoin. That would help momentously.
If only we had a certain day that everyone pitched in and dumped their bitcoin. That would help momentously.
I've conveyed myself wrong, sorry. I know random jumps in price are normal for Bitcoin. These are not the ones we normally see though, and IMHO it's quite obvious that we are going to be walking right into a bubble. No-one knows when it will pop.
As of now, today the price on Bitstamp has increased by almost $50 and over 13%. This is not a sustainable increase. I feel like what should have just been a small correction could have just started to spur a massive bubble, and I would be extremely wary of this. Do not get too hyped by this, guys, please. Do not start taking out loans against Bitcoin. I feel it's great the price is increasing, but this is a risky deal for all of us.
I think if the price goes to $500 it may stabilize there for year or more and then it will start rising slowly again. But if it goes way over $500, yes, it will be a bubble.
that has never happened before, why would it start happening now?
China has just allowed their banks to deposit Yuan directly to the exchanges. No more vouchers and workarounds. You know what that means, don't you OP? This is just a begging, this bubble will be huge and it surely won't stop at $500 it seems to me!
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