Is it a Bubble? | Bitcointalksearch.org

Michhotdog

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Quote from: selline on May 27, 2017, 08:06:58 AM

Quote from: jc89 on May 21, 2017, 03:54:34 PM

Quote from: shamzblueworld on May 19, 2017, 12:03:05 AM

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?

I would rather say that Bitcoin is on a rocket rather than in a bubble.

1500 is the lowest possible drop bitcoin will experience if ever the bubble pops. Consider the major countries that announced their acceptance of bitcoin and they surely brought large number of users. Thus, higher demand for bitcoin in the market. With this in mind, bitcoin's price will not drop so much.

with higher demand for bitcoin on the market with so many major countries which consider and announce the recipient of the bitcoin and they must have brought a large number of users, so the bitcoin be like bubbles that are being floated a.k.a. skyrocketed at its peak

If there is a demand for a purchase, then the price is valid will not decrease. We are already seeing a good surge of Bitcoin and it seems to me that this is due to the fact that a strong excitement in the bitcoin market is beginning. As far as I understand this is still the hand reports of those countries in which users have a better chance of legalizing bitcoin.

selline

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Quote from: jc89 on May 21, 2017, 03:54:34 PM

Quote from: shamzblueworld on May 19, 2017, 12:03:05 AM

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?

I would rather say that Bitcoin is on a rocket rather than in a bubble.

1500 is the lowest possible drop bitcoin will experience if ever the bubble pops. Consider the major countries that announced their acceptance of bitcoin and they surely brought large number of users. Thus, higher demand for bitcoin in the market. With this in mind, bitcoin's price will not drop so much.

with higher demand for bitcoin on the market with so many major countries which consider and announce the recipient of the bitcoin and they must have brought a large number of users, so the bitcoin be like bubbles that are being floated a.k.a. skyrocketed at its peak

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Too many people are thinking if this bitcoin bubble, but did you not realized about the latest news of bitcoin? Some countries announced about the status of bitcoin in their countries.

That means the mass adoption will come to bitcoin and try to buy bitcoin.
That is not always meaning the fast increase of the bitcoin price can be determined as a bubble.

Bitcoin gain mass adoption and nobody must be worry due to the price of bitcoin right now.

Taki

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It's not the bubble yet. The price is growing because of bitcoin adoption in some countries. But the fall in the price is easy predicted, bitcoin doesn't grow nonstop, it has it falls and raises.

lucasl91

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the next bubble will start after the block size issue is over, after segwit-lightning is adopted, if it ever happens. Expect the price to reach around 20K to call it a bubble .

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Quote from: disclaimer201 on May 20, 2017, 08:51:05 PM

Take a look at all charts from 24 hours (or even less) to 2 years (or all time). Almost exponential growth lately, 200k unconfirmed transactions and the scaling issue not solved as of today. The WannaCry attack was attention for BTC, but put it in a bad light again. Now, what do you think? Are we in a bubble?

It's going up too fast. Exponential charts are by definition indications of bubbles. That said, bubbles can get very big before they burst and this one has a ways to go.

jc89

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Quote from: shamzblueworld on May 19, 2017, 12:03:05 AM

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?

I would rather say that Bitcoin is on a rocket rather than in a bubble.

1500 is the lowest possible drop bitcoin will experience if ever the bubble pops. Consider the major countries that announced their acceptance of bitcoin and they surely brought large number of users. Thus, higher demand for bitcoin in the market. With this in mind, bitcoin's price will not drop so much.

JimboToronto

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Quote from: proudhon on May 21, 2017, 10:59:53 AM

Of course this is a bubble. Just look at the data. We'll likely see sub $1000 before the year is out, which will signal the final long term bear trend to near zero.

LOL Well look who popped in for a visit.

At least you're consistent... just like Kwuckie.

Enjoy your "long tern bear trend". Roll Eyes

proudhon

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Of course this is a bubble. Just look at the data. We'll likely see sub $1000 before the year is out, which will signal the final long term bear trend to near zero.

JimboToronto

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Quote from: eddie13 on May 20, 2017, 09:10:27 PM

If this is not a bubble it will hang out around 1500-2200 for a while..

$1500? You're dreaming.

eddie13

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If this is a bubble its going to 10k-15k before it pops and then back to 5k imo..

If this is not a bubble it will hang out around 1500-2200 for a while..

disclaimer201

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Take a look at all charts from 24 hours (or even less) to 2 years (or all time). Almost exponential growth lately, 200k unconfirmed transactions and the scaling issue not solved as of today. The WannaCry attack was attention for BTC, but put it in a bad light again. Now, what do you think? Are we in a bubble?

PanGiMoon

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Quote from: eaLiTy on May 20, 2017, 04:56:21 PM

The price of bitcoin is really interesting and it is breaking records with every rally and if it was a bubble,it should have busted long back,we are having more investors and more countries are recognizing bitcoin and so there are more companies investing in bitcoin and so i see this as a steady growth because of the growing demands all around the globe .

Truth to say I'm afraid today to invest Bitcoin and it's not that I do not believe in the future, but rather because the crypto currency is so promising an evil user tries to manipulate the market. So I'm more than confident that the high growth could be followed by a ship's collapse price.

eaLiTy

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The price of bitcoin is really interesting and it is breaking records with every rally and if it was a bubble,it should have busted long back,we are having more investors and more countries are recognizing bitcoin and so there are more companies investing in bitcoin and so i see this as a steady growth because of the growing demands all around the globe .

tabas

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No this is not a bubble, it is just a normal demand of the people to bitcoin. Plus the attack of ransomware that pushed a lot of people to buy bitcoins add to the demand. And there's more to come and we will see another ATH very soon as the price reached $2k this day. So expect that this is not a bubble it's just a normal increase.

JefLiber

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Quote from: freedomno1 on May 20, 2017, 01:45:11 PM

Quote from: shamzblueworld on May 19, 2017, 12:03:05 AM

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?

The rise from the all time high at $1600 USD to $2000 was only a few weeks apart, that said we may be in a new bubble period so their is highly possible correlations with increased price appreciation than decreases.

This situation can accompany Bitcoin everyone here and I do not seem to need to rely on other moments in the field of cryptography. If you look at the statistics of past years, we will see that the sharp rise in prices also gave way to a sharp drop.

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Quote from: shamzblueworld on May 19, 2017, 12:03:05 AM

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?

The rise from the all time high at $1600 USD to $2000 was only a few weeks apart, that said we may be in a new bubble period so their is highly possible correlations with increased price appreciation than decreases.

lordquanta

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No, it isn't a bubble. Everytime there is major rise in price, it looks like its a bubble. However with minor correction, bitcoin price climbs new high everytime. Thus this time as well it wont crash. Only chance of major setback when bitcoin getting implemented in all fields and is used by major financial entities. That's when it will be tested correctly. Right now the bitcoin used by few and many financial major find it not-scalable.

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Quote from: Herbert2020 on May 19, 2017, 12:37:36 AM

Quote from: shamzblueworld on May 19, 2017, 12:03:05 AM

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?

go check the price history and see how it has changed. don't just look at the price, but also check the timing it took to get to a price then if you could go and check the new to see the reason for each drop and size of them. then you can get your answer, or at least get a general idea.

in short anything is possible. but the chances of a drop that big (about $900 at this point) is not enough to be considered. there can surely be drops in the future for many reasons ranging from a simple correction to a widespread FUD but in the market there always is a pretty strong buy support which is waiting to buy bitcoin at lower prices, and a 100 dollar drop is big enough for people to just at the opportunity and buy.

Agree with this.
The chart says it all. Let us not go back way 2013. Just the price after that until now.
It didnt take too much when it gets the all the time low.
Just hundreds of dollars but not like a half. It will stay here as long as we are here and keep on supporting it.

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