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Topic: IS BITCOIN BUBBLE OR NOT? (Read 650 times)

hero member
Activity: 1540
Merit: 507
November 16, 2017, 06:54:15 PM
#30
No, Bitcoin is not a bubble. Please take a look at its historical data and marketcap. Bitcoin is a highly volatile currency and it's not a bubble. I think Bitcoin's price will touch 8000$ or more within this or next month.
If you don't understand about what means of the bubble and you can try to learn more from the reliable site just like investopedia. The bitcoin can be considered as a bubble caused by the value is really volatile. Fiat can't include in the bubble caused by the value is remain stable. So, you can see the flash crash of the bitcoin and some expert said that as the bubble burst. Crypto should be considered as a bubble because there is no regulation to regulate it. crypto based on the nature adoption.
hero member
Activity: 3080
Merit: 603
November 16, 2017, 05:51:44 PM
#29
No, Bitcoin is not a bubble. Please take a look at its historical data and marketcap. Bitcoin is a highly volatile currency and it's not a bubble. I think Bitcoin's price will touch 8000$ or more within this or next month.

People think when bitcoin is pumping, it is a bubble. And when they see some other coin pumping they think that it will take over bitcoin. I don't know what type of foods are these people in taking, they have too much hate on bitcoin. I can understand if the person saying this is coming from the banking industry and bitcoin is starting to kill their business but no, people who are saying this are also bitcoiners.
legendary
Activity: 1414
Merit: 1039
November 16, 2017, 05:48:41 PM
#28
yes bitcoin bubble because fall from 8000 to 5500 thenrise from 5500 to 8000 in some days

bitcoin is 100 percent bubble

i think invest in bitcoin risk and danger



Not really risky if you didn't invest you will not make any profit and bitcoin today is indemand after news about bitcoin here in my country and other country and about news square the price was surprising increased fast from  $6000 to $7000+ that i think more people will be interested about bitcoin since we are now using bitcoin as investment and payment processor online there are lots of company that accept bitcoin as payment.. So day by day people increases and price of bitcoin could increase more before end of this year..

Sure bitcoin can be in demand right now, but we don't know if that trend will continue in the next hour, the next day, the next week, or even the next month. For all we know, the volatility of it may even drop it down within the next few hours. There is nothing assured with bitcoin, making it very controversial to a lot of investors. I would say that yes, investing in bitcoin is risky and it is dangerous, but you need to know when to put money in and when to get it out. You also need to limit how much you put into bitcoin and remember that you haven't made any money until you've withdrawn.
legendary
Activity: 1232
Merit: 1091
November 16, 2017, 05:43:08 PM
#27
yes bitcoin bubble because fall from 8000 to 5500 thenrise from 5500 to 8000 in some days

bitcoin is 100 percent bubble

i think invest in bitcoin risk and danger

If a bubble pops, it will remain hovering over way lower levels for quite a long time. It has only happened once where a bubble in this market has popped, and that was after MtGox's shutdown. We've been in a bear market for quite a long time, and to such an extent, that the $300 level just wouldn't/couldn't get broken through. Current situation is completely different -- we only experienced an extremely short term correction. Investing in Bitcoin isn't dangerous at all if you keep holding through the occasional dumps we from time to time experience. If you can't handle this market mentally, then it's indeed dangerous for you.
legendary
Activity: 2058
Merit: 1030
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November 16, 2017, 05:30:26 PM
#26
yes bitcoin bubble because fall from 8000 to 5500 thenrise from 5500 to 8000 in some days

bitcoin is 100 percent bubble

i think invest in bitcoin risk and danger



Not really risky if you didn't invest you will not make any profit and bitcoin today is indemand after news about bitcoin here in my country and other country and about news square the price was surprising increased fast from  $6000 to $7000+ that i think more people will be interested about bitcoin since we are now using bitcoin as investment and payment processor online there are lots of company that accept bitcoin as payment.. So day by day people increases and price of bitcoin could increase more before end of this year..
sr. member
Activity: 1036
Merit: 275
November 16, 2017, 05:21:57 PM
#25
How many times will it be asked in here? you all know that bitcoin is only a bubble if you see it by that way, and you all probably think that it is a bubble because you read it on some websites like Forbes, or any other kind of magazines like that.
OR maybe you just heard that on the TV, or in some videos about guys saying that they are so wealthy and that bitcoin is going to drop more than 80% because it is a giant bubble.
Dont pay attention to that guys, bitcoin is a good thing and it is not going to drop soon. Just enjoy the profits.
sr. member
Activity: 2226
Merit: 347
November 16, 2017, 05:18:18 PM
#24
The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

There had been many definition of a bubble. Honestly speaking, Bitcoin can also be a bubble since there is that sudden surge in price and it is still expanding right now. The next question is this: Will it pop anytime of the day and people will lost the money they invested into it? Nothing can be sure of what would be but I do personally believe that because Bitcoin has a correction mechanism it can be able to avoid the "pop" and can one day reach a very high value...astronomical surge as they say. By the way, bubble can happen to anything and this should not be attached solely to Bitcoin.
People have different perceptions regarding on this matter which some would see that bitcoin is a bubble and some would say no its not but in my own side i would go 50-50 on both ways because there are really times that i can treat it as a bubble when it comes into its sudden price inflations and deflation which it do really depend on a significant event which do somehow turns out to be manipulated or being destined to be done. Not a bubble in the part that bitcoin is a volatile thing which prices do normally corrects after a sudden price increase.
sr. member
Activity: 1176
Merit: 286
November 16, 2017, 05:10:26 PM
#23
yes bitcoin bubble because fall from 8000 to 5500 thenrise from 5500 to 8000 in some days

bitcoin is 100 percent bubble

i think invest in bitcoin risk and danger


sr. member
Activity: 560
Merit: 251
November 16, 2017, 01:25:55 PM
#22
No, Bitcoin is not a bubble. Please take a look at its historical data and marketcap. Bitcoin is a highly volatile currency and it's not a bubble. I think Bitcoin's price will touch 8000$ or more within this or next month.
hero member
Activity: 490
Merit: 501
November 16, 2017, 12:24:17 PM
#21
The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

There had been many definition of a bubble. Honestly speaking, Bitcoin can also be a bubble since there is that sudden surge in price and it is still expanding right now. The next question is this: Will it pop anytime of the day and people will lost the money they invested into it? Nothing can be sure of what would be but I do personally believe that because Bitcoin has a correction mechanism it can be able to avoid the "pop" and can one day reach a very high value...astronomical surge as they say. By the way, bubble can happen to anything and this should not be attached solely to Bitcoin.
full member
Activity: 322
Merit: 100
November 16, 2017, 11:07:56 AM
#20
NO IT IS NOT A BUBBLE !!
basically what you are saying is if I buy now what is the guarantee that in 6 months the price won't be a tenth of what is was. well there isn't any guarantees.
sr. member
Activity: 1274
Merit: 263
November 16, 2017, 10:33:52 AM
#19
for now Bitcoin is not a bubble because it still has not reach that level yet,
because for now Bitcoin price still much more valuable.
what i mean is it's not reach its value yet and still moving to its own place.
Bitcoin totaly supply around 21 millions and at the same time people who bought it will reach a hundred thousand peoples or even more than that.
plus the demand increasing from time to time,
so right now Bitcoin can be categorized as an undervalued,
if we're comparing it to the users and the supply itsel.
plus Bitcoin has an advantage in its usability which is make it much more valuable compared to other online payment.
at least for now it's not yet to reach that point,but slowly if nothing change it will.
full member
Activity: 378
Merit: 100
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November 16, 2017, 09:11:29 AM
#18
it is in a bubble. i think we need to see segwit and lightning in full effect before bitcoin fairly hits 5 digit numbers.
legendary
Activity: 1918
Merit: 1728
November 16, 2017, 08:55:37 AM
#17
The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

If you considering present fall then it isn't fall actually. It is rather a shift of Bitcoin users from BTC to BCH. So to ascertain real value, you should add BTC+BCH value. Earlier BTC used to be $7200 and BCH $300, now BTC is $6300 and BCH $1200 so technically there isn't any outflow from Bitcoin market.
If Bitcoin market is competent enough to hold invested money for that long, Bitcoin isn't bubble anymore.

This is an interesting concept and one I tend to agree with.  I would say they tend to be highly inversely correlated, but may move in a correlated manner during boosts to the crypto atmosphere.  One other odd thing is that the volume of BCH surpassed BTC over this weekend, and I'm not sure how this fits into the price of each of them.

Volume isn't a decisive of price though. If big whales enter the market with the motive of manipulation, no one can stop them. The volume rose to $18M due to excessive manipulation from Korean investors and big Bitcoin names. But see now, volume is around $1M and price is again breaking below $1K.
BTC is always the king of cryptocurrency market due to its increased adoption and now it is difficult to manipulate its market even by the hodlers of 300K+ Bitcoins.
full member
Activity: 403
Merit: 100
November 13, 2017, 06:11:15 PM
#16
its a very normal scenario that bitcoin price goes down/fall. but to be a bubble, its absolutely not. this questions is takes more answers several times. so why more doubt are exist. bitcoin already proved it self many times, more pump and dump scene are done as well but to see/saw a constant price down for a long period of time? we didn't experience that unless we only experience is constant and slow pump of bitcoin price. so i have no doubt that this bitcoin is not a bubble.
hero member
Activity: 3024
Merit: 745
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November 13, 2017, 05:41:21 PM
#15
I think bitcoin will pump up to 10,000$ by mid of 2018. Keep holding bitcoin.
When it got to $10,000 then many will think again that bitcoin is a bubble. I don't know if we are in a bubble but on what's happening right now, I've read some said that bitcoin is merely a speculations. But IMHO, we are not in a bubble.
legendary
Activity: 1652
Merit: 1088
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November 13, 2017, 05:37:40 PM
#14
It WAS in a bubble when it was pushing $7900. It went up just too fst.

But if it consolidates at $600 - $6500, the froth will be taken out of the bubble laying a foundation for a push higher But it needs to stay in the $6000 - $6500 at least till the end of the year to form a platform for a further push upwards.

If it falls below $5000 we're in for a bear market.
sr. member
Activity: 1484
Merit: 253
November 13, 2017, 05:24:39 PM
#13
Bitcoin's price increase in the past months is definitely not a bubble. That's what I believe and I will stick to it. We saw some crazy bull run by BTC and some crazy price swings during its run but you should know that this is just normal. BTC is just very volatile but it is not in the bubble territory. We always see the support from the community when it dipped very hard. Many people will buy at a very discounted price and will again the price up.
I don't think that the progress experienced by most of us here cannot justify the statement about bitcoin bubble. However when this price had to reach more high compared to the value that we have right now. Although its been very volatile for the recent past days and those speculations cannot be controlled, because panics always happened to weak investors.
hero member
Activity: 3080
Merit: 603
November 13, 2017, 05:16:54 PM
#12
The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

So what if the price of bitcoin went down? It did happened a lot of times even before I get into bitcoin. This is how bitcoin works and that's why it doesn't have a stable price. Also many times that people called assumed that bitcoin is a bubble. Well, we are not in a bubble or bitcoin isn't a bubble. The normal economy of supply and demand is what sustaining bitcoin to pump or it's price to get lowered.
hero member
Activity: 766
Merit: 509
November 13, 2017, 04:58:58 PM
#11
Nobody knows that mate, it is too soon to say if bitcoin is a bubble or not, because we have not faced the high crash of the bubble yet.Anyway, a lot of economic gurus and all that shit are trying to say that bitcoin is a real bubble, i dont think it is possible because bitcoin is still rising, and it had a lot of dumps in the past, and they are still happening. Just look at the charts and you will see that bitcoin crashed a lot , but it is always recovering from those losses.
Maybe this is the main reason of why bitcoin is not a giant bubble at all.
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