Is bitcoin in a bubble right now? - page 2.

hase0278

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Quote from: Paranuatu on November 07, 2017, 03:20:26 PM

I am asking for your honests opinions.
Is it safe to invest now or wait for the bubble to burst?

thank you

Honestly, I think it is not safe to invest right now because I'd you are planning on keeping it long term, waiting for the bubble to burst is wiser for better profits. Also, segwit2X fork is near and it doesn't have replay protection. So long as one sells their B2X, they are selling btc as well that might drive price downwards. For this reason it is wiser to buy after the phenomenon's hype has calm down for better prices. You can also enter just days or weeks after it.

Welsh

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Quote from: savioroshan on November 07, 2017, 04:11:07 PM

Quote from: Paranuatu on November 07, 2017, 03:20:26 PM

I am asking for your honests opinions.
Is it safe to invest now or wait for the bubble to burst?

thank you

Buddy, I don't think this is a bubble. I don't know why people are thinking this surge in price is bubble. We all know that bitcoin is the first of its kind. Its really getting popular day by day and it always hitting the headlines of medias because of that. So the demand of it is also increasing day by day and we all know if the demand increases, automatically its price will increase. This is what happening here and nothing else.

It might be getting more popular and that's only going to benefit the price, but there's been a lot of false hype around the hard forks and the alt coins which came of that which has driven the price up. It's unlikely to stay around this point and we should see a correction after the segwit2x fork.

roccstar

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Quote from: minersday on November 07, 2017, 05:02:06 PM

The price has been built over rumors and conspirations about the price, and when there are some kind of fud or fake rumors that are affecting the price, like when China did that "ban" or "regulation" over bitcoin and icos, everybody can just think about it and you must know that the price dropped a lot because of that.
But suddenly there were good news, and the price went up again.. It is crazy, and this is how it works, and this is why this is a giant bubble, but it is profitable for all of us.

The rumors and predictions about the bitcoin's price has influenced its price surge. But I don't think its in a bubble right now. The price of bitcoin is increasing because people are loosing confidence in these type of forks. And bitcoin is getting more popular among youngsters and everyone wants to hold some coins as investments. I think because of this increased demand, its price is increasing.

minersday

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The price has been built over rumors and conspirations about the price, and when there are some kind of fud or fake rumors that are affecting the price, like when China did that "ban" or "regulation" over bitcoin and icos, everybody can just think about it and you must know that the price dropped a lot because of that.
But suddenly there were good news, and the price went up again.. It is crazy, and this is how it works, and this is why this is a giant bubble, but it is profitable for all of us.

WarrenShitcoinBuffett

newbie

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Quote from: bitart on November 07, 2017, 04:50:42 PM

Quote from: darkangel11 on November 07, 2017, 04:37:31 PM

Quote from: pitiflin on November 07, 2017, 03:38:06 PM

Quote from: Paranuatu on November 07, 2017, 03:20:26 PM

I am asking for your honests opinions.
Is it safe to invest now or wait for the bubble to burst?

thank you

No dude,people often misunderstand that bitcoin's fake bubble thing is just like that of housing bubble burst which happened before a decade ago. Just because the price is increasing doesn't mean that its a bubble. There might be a contingency of a price crash next year or maybe even this year. This is bitcoin, its volatile,so that in any means ,doesn't prove that its a bubble. So stop getting influenced by misconceptions.

+1 this is a crazy growth, but it's a growth not a bubble.
Bitcoin is a bit overbought at the moment because people are grabbing it like crazy knowing what impact it will have on the future of banking. This means that its price is higher than it should be if we considered its usage, but price doesn't have to depend only on real life use of an item. Some art pieces are totally useless, yet worth millions.

That's for sure, everything worths the amount other people are paying for it. People are paying for bitcoin higher and higher prices now, because they expect further growth in price. Bitcoin should not be a bubble yet, but we should be really careful about governments and regulations, because if some kind of really bad news hits the market, people will expect decrease in price, so that could cause the bubble effect.

Bitcoin is not rubust enough to justify a $7,000 pricetag, when normies see the price exhale they will panic sell and lose their shirts, they will come down hard against bitcoin. Exchanges etc.

bitart

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Vires in Numeris

Quote from: darkangel11 on November 07, 2017, 04:37:31 PM

Quote from: pitiflin on November 07, 2017, 03:38:06 PM

Quote from: Paranuatu on November 07, 2017, 03:20:26 PM

I am asking for your honests opinions.
Is it safe to invest now or wait for the bubble to burst?

thank you

No dude,people often misunderstand that bitcoin's fake bubble thing is just like that of housing bubble burst which happened before a decade ago. Just because the price is increasing doesn't mean that its a bubble. There might be a contingency of a price crash next year or maybe even this year. This is bitcoin, its volatile,so that in any means ,doesn't prove that its a bubble. So stop getting influenced by misconceptions.

+1 this is a crazy growth, but it's a growth not a bubble.
Bitcoin is a bit overbought at the moment because people are grabbing it like crazy knowing what impact it will have on the future of banking. This means that its price is higher than it should be if we considered its usage, but price doesn't have to depend only on real life use of an item. Some art pieces are totally useless, yet worth millions.

That's for sure, everything worths the amount other people are paying for it. People are paying for bitcoin higher and higher prices now, because they expect further growth in price. Bitcoin should not be a bubble yet, but we should be really careful about governments and regulations, because if some kind of really bad news hits the market, people will expect decrease in price, so that could cause the bubble effect.

WarrenShitcoinBuffett

newbie

Activity: 14

Merit: 0

This is a bubble IMO, I would sit out for now and wait for the price to pull back to 4-4.5k I see little justification for the price to be $7,000 it's just pure hype.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: pitiflin on November 07, 2017, 03:38:06 PM

Quote from: Paranuatu on November 07, 2017, 03:20:26 PM

I am asking for your honests opinions.
Is it safe to invest now or wait for the bubble to burst?

thank you

No dude,people often misunderstand that bitcoin's fake bubble thing is just like that of housing bubble burst which happened before a decade ago. Just because the price is increasing doesn't mean that its a bubble. There might be a contingency of a price crash next year or maybe even this year. This is bitcoin, its volatile,so that in any means ,doesn't prove that its a bubble. So stop getting influenced by misconceptions.

+1 this is a crazy growth, but it's a growth not a bubble.
Bitcoin is a bit overbought at the moment because people are grabbing it like crazy knowing what impact it will have on the future of banking. This means that its price is higher than it should be if we considered its usage, but price doesn't have to depend only on real life use of an item. Some art pieces are totally useless, yet worth millions.

EcoChavCrypto

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Activity: 448

Merit: 250

Everybody knows that this is one of the most giant bubbles that we have ever seen, but yes, it is giving a lot of money to those who are dissesperated about getting money fast, and this is why it is increasing so fast.
If you are looking to invest money, invest it on bitcoins, a lot of financial and economic entities are supporting bitcoin and this is one of the first reasons of why bitcoin has been increasing a lot during the last few months.
Who knew that it was going to rise from $600 to $7000 in just a few months?

ruthbabe

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Quote from: Paranuatu on November 07, 2017, 03:20:26 PM

I am asking for your honests opinions.
Is it safe to invest now or wait for the bubble to burst?

thank you

Yes, it's safe to invest in Bitcoin... but since investing in Bitcoin is an extremely high risk I would advise you to invest only what you can afford to lose. All the news you read out there about 'Bitcoin is a bubble' are pure speculation, all they wanted is to tax Bitcoin and/or regulate it.

prehisto

full member

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Merit: 112

Your Data Belongs To You

It is a bubble, off-course it is a bubble what else than it is?
People buy to make profit in long term or short term. There will be time when it bursts but it does not mean that it will crush and burn, it will go to level where long term investors and believers are.

JMAHH

sr. member

Activity: 280

Merit: 250

Invest now, bitcoin is going down and it looks like if it is a perfect opportunity to invest your funds, maybe this is your perfect shoot.
I thought that i was never going to buy bitcoins again, but i am going to invest another thousand dollars tomorrow because i really believe in that bitcoin will go up again in a few weeks. Bitcoin is still cheap, and ten thousand dollars is very close to us right now, why wouldn't you invest? it is a perfect opportunity.

BioCryptTechnologies

newbie

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I think it is safe. It will likely dip but it won't dip for long. with 2x coming up you will see a lot of people pulling back and accumulating BitCoin again in hopes of more "free money" I wouldn't be the least bit surprised to see +8000 by end of year

savioroshan

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Quote from: Paranuatu on November 07, 2017, 03:20:26 PM

I am asking for your honests opinions.
Is it safe to invest now or wait for the bubble to burst?

thank you

Buddy, I don't think this is a bubble. I don't know why people are thinking this surge in price is bubble. We all know that bitcoin is the first of its kind. Its really getting popular day by day and it always hitting the headlines of medias because of that. So the demand of it is also increasing day by day and we all know if the demand increases, automatically its price will increase. This is what happening here and nothing else.

HiringYou

sr. member

Activity: 574

Merit: 256

I don't think it is a bubble right now.No doubt their is a sudden increase in the price but it does not mean that we should compare it with a bubble .I think there is an actual increase in the demand so the rise is genuine.But if you want to invest in it then you should wait for some time .As the price is very high so just wait for a correction to take place which will bring down the price to a reasonable value. After the correction you can invest in it.

Welsh

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Potentially. This is purely speculation, but the high price is likely down to the fact that the recent hard forks have caused quite a few news headlines as well as hype around the new coins which have come from the forks. I would say that after the segwit2x fork we should see some sort of correction. But, remember the coverage Bitcoin has had likely caused a lot of people to start investing in the coin which can also influence the price.

pitiflin

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Activity: 980

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Quote from: Paranuatu on November 07, 2017, 03:20:26 PM

I am asking for your honests opinions.
Is it safe to invest now or wait for the bubble to burst?

thank you

No dude,people often misunderstand that bitcoin's fake bubble thing is just like that of housing bubble burst which happened before a decade ago. Just because the price is increasing doesn't mean that its a bubble. There might be a contingency of a price crash next year or maybe even this year. This is bitcoin, its volatile,so that in any means ,doesn't prove that its a bubble. So stop getting influenced by misconceptions.

boltz

legendary

Activity: 3164

Merit: 1187

Well of course we are in a bubble right now but it's one well deserved with hard work behind. The blockchain technology make it real and price has followed. It will be a time when bitcoin will fall again but not much. But this is just my opinion dude , don't get me serious , maybe i'm wrong maybe i'm right.

Paranuatu

member

Activity: 84

Merit: 10

I am asking for your honests opinions.
Is it safe to invest now or wait for the bubble to burst?

thank you

Topic: Is bitcoin in a bubble right now? - page 2. (Read 887 times)