I estimate 4-5 billion / year is a market-cap that is sustainable by current usage of bitcoin.
The remaining 35 billion market-cap are pure speculation AND the value of potential future usage.
Drug trade alone should enable bitcoin to keep a market-cap in the low billions.
Topic: Is this a bubble? When will it burst? (Read 2012 times)
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
Any body in the crypto world long enough will know that nothing is impossible and even the $1000 you are predicting, the price can even go below that in a matter of hours and even return to the high price in that same hour. So we don't need any one to tell that story or reminder. Its an implicit risk we are willing to take and that's why we are here.
It has burst! Bail the F out and take profits while you can! Don't be the last one holding the can!
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
I think this is unlikely, but I would not advise anyone to invest if that person was not prepared for such a scenario.A new technology like Bitcoin can face all sorts of scenarios on the market, and even if you have accurate analysis techniques, it will be hard to know for sure where that goes.
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
I think this is unlikely, but I would not advise anyone to invest if that person was not prepared for such a scenario.A new technology like Bitcoin can face all sorts of scenarios on the market, and even if you have accurate analysis techniques, it will be hard to know for sure where that goes.
The price of bitcoin is going high up due to the high demand of bitcoins in the countries like japan ,china.It might happen that the price of bitcoins would continue to rise till it's demand is increasing and it might so happen that the price of bitcoins would be more the reserve bank worth.
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
As earlier people have been talking about it that the bubble is going to burst and the BTC is going to come down and stuff like that while neglecting the fact that the BTC price is related directly to its demand in the market because of the limited supply. I don’t think the BTC will come again to $1000.Probably it may reach $2000 levels but I am sure we are heading toward $3000 levels which most probably will be realized by first week of June month.
This is 100% Organic growth... no bubble at all
I agree, there is a reason why bitcoin price is increasing. It is not the same as the year of 2013 bubble event where bitcoin price increases without any reason. This time Bitcoin increase due to several adoption in every corner of the world. Aside from that the major company that will come into Bitcoin economy brings fresh fund to puch BTC price even further.
This is 100% Organic growth... no bubble at all
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
In Bitcoin, everything is possible. Bitcoin is in the speculative market, meaning price is driven by speculation. At this point, bitcoin is in a hype rally, several countries accepting bitcoin and major company flocks in, so definitely price will increase but once a stronger FUD is released, we can see bitcoin crumbles in an instant. So I guess it is still possible to see $1000 btc.
Nicely said, with bitcoin anything is possible, and that goes in both ways, that means we can see a drop on 1000 but it can goes to 3500 dollars easily. To be honest and you can see that in my post history I thought rise will stop long time ago, now when I see the price of bitcoin I can't even predict when will this rise stop.
Risk and make money, be patient and save what you already have, what is the best to do is individual decision.
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
In Bitcoin, everything is possible. Bitcoin is in the speculative market, meaning price is driven by speculation. At this point, bitcoin is in a hype rally, several countries accepting bitcoin and major company flocks in, so definitely price will increase but once a stronger FUD is released, we can see bitcoin crumbles in an instant. So I guess it is still possible to see $1000 btc.
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
If you compare the movement of the market back before at 2013 and todays market trend there is a huge difference. 2013 bubble was caused by the big whales in the bitcoin industry that are hyping the price of bitcoin while the price inflation today was caused by a higher demand of bitcoin due to the increase of users. We may say that the increase in bitcoi users was due to the adoption of bitcoin in Japan. Next month Australia will also adopt bitcoin and we can expect a huge spike coming to bitcoin.
The market at time was no doubt manipulated by the big whales; we can’t deny the fact that we still are surrounded by the whales but the situation now is different for them as now various countries are accepting the Bitcoin.
Bubble? We aren't in a bubble. Not yet! But it may happen. And after this bubble pops of course Bitcoin will correct.
If we bubble up to 10k and correct hard down to 4k or 5k I can live with it.
If we bubble up to 10k and correct hard down to 4k or 5k I can live with it.
Offcourse there is a bubble, only reason it didn't dissolve yet was because a lot of Japanese money was flowing in, still is.
The moment that stops a correct is bound to happen. But don't believe me, use history as your guide. And history will show you in 100% of this kind of scenario's a correction happened.
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
Don't confuse yourself with bubble and systematic inflation. Bubble refers to price increase due to high temporary demand in short-period (mostly due to speculative reasons) but systematic inflation occurs when bitcoin reaches new population and demand opens in new areas which is relative stable.Presently, systematic inflation occurring around the world which is relatively more stable than bubble economy. However, it is also subject to increase/decrease due to big buzzes like Chinese Exchanges being reviews, ETF being rejected, etc.
Bubble? We aren't in a bubble. Not yet! But it may happen. And after this bubble pops of course Bitcoin will correct.
If we bubble up to 10k and correct hard down to 4k or 5k I can live with it.
If we bubble up to 10k and correct hard down to 4k or 5k I can live with it.
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
There is always a possibility but the question is the percentage of that possibility. I do think that there is a slim chance for bitcoin to go back to $1000 since it had breached $2000 today in some exchanges. Unless there is major FUD to make bitcoin price collapse, we can only see an uphill climb of bitcoin price.
I think this year it can drop to the maximum to 1500, but by the end of the year it will grow to 2000-2500. Thanks to this price drop, it allows you to buy coins cheaper and earn money.
1600—1400 is the worst it can reach. The higher the new highs it makes the harder it becomes to reach it old lows. Just my thoughts though
Can we see BTC return to $1,000 again? As much as I like BTC I still think this scenario is possible... don't invest more you can lose.
I dont think that bitcoin price will go backwards again at 1000$ , All i know is that 2000$ is the possible stable bottom this year and 3000$ before this year ends is real.cant wait to see it.
I don't think it is a bubble because if it is a bubble then the price will go down even after the $2000 price but there is no hard dump so i think the price is real and it will not burst down until the whales will sell.
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