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Topic: Is this Bitcoin run sustainable? (Read 643 times)

newbie
Activity: 54
Merit: 0
December 03, 2017, 12:24:58 PM
#35
bitcoin curve looks like bubble but it is strong and increase fast & trusted investment  in future
member
Activity: 66
Merit: 10
December 03, 2017, 07:18:42 AM
#34
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....

you will be more surprised because we close out the year above 13k....

huge increase of price is normal because bitcoin now start to take it’s place and many huge companies start support it
member
Activity: 72
Merit: 10
December 03, 2017, 04:09:44 AM
#33
The cryptocurrency market looks more energized than ever. It has also become more efficient in the sense that more and more people are able to engage in Bitcoin transactions without much technical know-how. But what about the actual numbers?, Bitcoin might not be centrally controlled (which is a great thing for some) but how does it impact the world around us?.
member
Activity: 88
Merit: 100
December 03, 2017, 04:06:44 AM
#32
If there is one thing absolutely certain about Bitcoin, at this point, it’s that it seems to be rather fragile. Fragile in its existence and definitely fragile in its worth. And that has led some experts to believe that Bitcoin may inherently be unsustainable for a variety of factors.
legendary
Activity: 1120
Merit: 1000
December 03, 2017, 03:35:45 AM
#31
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....
Of course it is a totally unsustainable bubble because anyone with a minimum knowledge in the altcoin market knows that there are countless altcoins that offer better solutions than the bitcoin to face the great challenges of the current economy. But big capitals only seem to have eyes for bitcoin. Maybe the price reaches even much higher levels, but only motivated by mere speculation without real sustenance, and we will continue to see the continued volatility that has been observed, like the classic pump and dump business that bitcoin is now.

It seems unsustainable bubble, but i think bitcoin has the potential to sustain its position for a long time. we can see new higher achievement by the bitcoin from time to time. Still the investors are more confident that bitcoin price will continue to increase for a long time, it is even expected that bitcoin price will continue increasing its price even in 2018.
member
Activity: 221
Merit: 10
December 02, 2017, 07:05:26 PM
#30
I think so, this is just the beginning of bitcoin, he's like a new baby crawling. Formerly bitcoin greatly underestimated, now so sought after everyone.
full member
Activity: 392
Merit: 105
December 02, 2017, 06:55:21 PM
#29
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....
Of course it is a totally unsustainable bubble because anyone with a minimum knowledge in the altcoin market knows that there are countless altcoins that offer better solutions than the bitcoin to face the great challenges of the current economy. But big capitals only seem to have eyes for bitcoin. Maybe the price reaches even much higher levels, but only motivated by mere speculation without real sustenance, and we will continue to see the continued volatility that has been observed, like the classic pump and dump business that bitcoin is now.
full member
Activity: 196
Merit: 100
December 02, 2017, 06:36:59 PM
#28
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....

10k is very high price for me before end of this year. But i am not surprising since i know bitcoin getting more usefull investment from all over the world. Bitcoin successfull make people interest and make its price higher.
sr. member
Activity: 371
Merit: 250
December 02, 2017, 06:26:37 PM
#27
Bitcoin price is unbelievable and bitcoin price is going up so fast , we think this is not normal but i think this is normal and  , i think this will be like that in 2018 too and  many new bitcoin investor will join day by day and bitcoin price will be beyond dreams after 5 years .
Bitcoin run now sustainable and why not? A lot of people all over the world support and invest in bitcoin that’s why bitcoin important and value increasing year by year. People thinks that bitcoin price increases very fastly that’s why they feels scared that it will drop down one day but my advice to these is that to focus on that latest point that bitcoin price grow up and to get profit not to worry now.
full member
Activity: 287
Merit: 100
Organic PR on Tier 1 media
December 02, 2017, 03:18:46 PM
#26
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....
I guess you have your answer by now. you where right that this run will meet some hard rock bottom  and it did after crossing 10k figure and then crashing to 7k and then again it is recovering its value above 10k.
full member
Activity: 187
Merit: 100
December 02, 2017, 03:10:05 PM
#25
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....

It's sustainable but I prefer a slower bitcoin trend actually. Because I don't want it to make excessive price fluctuations.

This can hurt us in the following days.
newbie
Activity: 7
Merit: 0
December 02, 2017, 03:07:38 PM
#24
we either see a run up to 14k usd till Christmas then a correction, or a correction soon, one of these 2
newbie
Activity: 34
Merit: 0
December 02, 2017, 03:01:30 PM
#23
I don't believe so. I can't imagine there will not be a significant pull back coming. Lots of people are investing with no intention to use or might not even know how to use it. They hear bitcoin and instantly think free money. Unlike gold, which will always have a set amount obtainable, bitcoin could be worth nothing in 100 years.

That is not to say bitcoin will not continue to grow, I just see a correction coming.
newbie
Activity: 238
Merit: 0
December 02, 2017, 02:57:35 PM
#22
At present, Bitcoin's market value and its usage are increasingly in the range that Bitcoin will take to stabilize the transaction.
full member
Activity: 301
Merit: 100
December 02, 2017, 02:37:01 PM
#21
Most people are afraid of this because it grows too fast, no one controls it, no one prevents it so everyone is afraid of it exploding. However, until now, there is not any understanding of the disappearance, it is still developing and there are likely to be price adjustments in the future.
sr. member
Activity: 700
Merit: 350
Betting Championship betking.io/sports-leaderboard
December 02, 2017, 02:36:28 PM
#20
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....

Why are you saying that? Bitcoin is becoming mainstream, and institutional investors are about to come in with all their money, so what we are seeing is perfectly normal in my opinion. Even JPMorgan that is now considering launching bitcoin futures on the CME, and we all know what Dimon thinks about bitcoin. Not saying he changed his mind about BTC, but if even his bank is probably entering the market, why wouldn't others do the same. I'm very confidant we will close the year above $10k, and it doesn't look like a bubble to me, if you compare the BTC market cap, to gold market cap.
full member
Activity: 303
Merit: 100
December 02, 2017, 02:27:11 PM
#19
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....

Not really I think we have a long way to go before this so called "bubble" pops. Btw even if it is a bubble and it does pop don't think the value will simply head to zero it will lose a significant chunk but then again will rebound because the new found price will be super low and not have been seen for who knows how long. Take a look at the housing bubble in the USA in 2008 it popped and within a year things were back to normal basically. Everything went to shit for a bit yes but eventually confidence was regained and the markets function as normal. I expect similar things for bitcoin if when the bubble pops
full member
Activity: 364
Merit: 101
December 02, 2017, 02:24:14 PM
#18
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....
Don't worry ! I think Bitcoin price in this year is normal because Institutional money starts to flow into the crypto market. It makes the general public to adopt Bitcoin and also Bitcoin Hardfork make users add value to their investment to get free coins. Actually the impact of adoption for wanting to get free coins from Bitcoin hardfork is not good but I think the impact is not too worrying
sr. member
Activity: 318
Merit: 251
December 02, 2017, 02:13:53 PM
#17
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....
Bitcoin has not reached the limit of its growth, so it can not be called a bubble. It is still collected by miners, so do not worry about the temporary drops in the price of bitcoin.
newbie
Activity: 6
Merit: 0
December 02, 2017, 02:06:40 PM
#16
There has been alot of attention with spike in price which has brought alot of attention and new investors looking to get into the market.  I also think there is an elevated volatility with the launch of the futures market ahead that is creating alot of interest
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