Topic: IS BITCOIN BUBBLE OR NOT? - page 2. (Read 653 times)
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.
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.
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 $1200 so technically there isn't any outflow from Bitcoin market.
If Bitcoin market is competent enough to hold invested money for that long, Bitcoin isn't bubble anymore.
I think bitcoin will pump up to 10,000$ by mid of 2018. Keep holding bitcoin.
The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?
The bitcoin price went down,but this is a price correction,not a price crash.
The price is recovering and will break another record level during december.
This question "Is bitcoin bubble?" is asked 1000 times here by some newbies and they keep asking it over and over again.Read more books about market economy and finance and educate yourself,OP.
The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?
This recent drop is not how bubble works. That was the usual volatility of Bitcoin. Bitcoin can easily go 30%+ up or down in a single day because of small and decentralized market. But recently it was all because of artificial BCH growth which finally has dumped and Bitcoin is back again. Bitcoin isn't a bubble right now but might turn out to be one later. Bitcoin basically have became a store of value and is loosing as the form of currency. Right now demand is natural and is increasing the price and hence the growth numbers are genuine.
The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?
The bitcoin price went down,but this is a price correction,not a price crash.
The price is recovering and will break another record level during december.
This question "Is bitcoin bubble?" is asked 1000 times here by some newbies and they keep asking it over and over again.Read more books about market economy and finance and educate yourself,OP.
That's my feelings too, it will go down within this period but back up later in December. Maybe this is time to buy!
Hi,
I'd doubt the bitcoin will crash to nothing, it might crash to $2000- $3000 but it will go back up my prediction is it will hit over 10k next year.
I'd doubt the bitcoin will crash to nothing, it might crash to $2000- $3000 but it will go back up my prediction is it will hit over 10k next year.
The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?
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