Now that BITCOIN hits the 18K$ USD LEVEL.... When will this GIANT BUBBLE burst? - page 2.

BrewMaster

legendary

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There is trouble abrewing

each time someone calls bitcoin a bubble, it just goes higher and sets a new ATH! it is as if the market wants laugh at those who call bitcoin a bubble Cheesy

but in all seriousness, to call bitcoin a bubble like OP with absolute certainty is just dumb and if you do it you are either dumb or trying to spread FUD.

is it a bubble? maybe. we have had a lot of rise and it is hard to believe. but we have also had a lot of adoption, and that has brought a lot of new investors with a lot of money in. that has to lead to a price rise! you can't expect this much attention to bitcoin and have a tiny rise instead.

thejaytiesto

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Quote from: hodler2022 on December 16, 2017, 06:55:54 PM

people are hyped in this forum, no discussion about technology details, development and real application. No one cares anything but the number before $. In my opinion, bitcoin is a great potential project, but it does not worth hundreds of billion dollars, the price is just because ppl are FOMO and everyone want to make free money out of it. Bitcoin has many challenges and threats, but most people here are just not able to see it or choose to ignore. Just my two cents.

Bitcoin's first application and most valuable yet is to put X amount of wealth on it and wake up and see you still have X amount of wealth in it (as in same amount of BTC you went to sleep last night). This is security, this is a store of value. Most people don't even transact that much, they just buy and hold it. Seeing it grow is a real application.. it's a savings account. Getting rich by holding BTC is the killer app of BTC. I mean look at your nickname.

Quote from: otrkid70 on December 16, 2017, 07:02:09 PM

It has Risen wayyyyy to fast. The transactions are slow the fees are high to send. This is a disaster for BTC. Enjoy it while it lasts because this is not sustainable.

Like i said before, most people don't transact, so most people don't care. People that want to make tons of smaller payments will have to wait for widespread LN implementation, assuming it works out in the long term.

fabiorem

sr. member

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To burst, it would need to be a bubble first, which it isnt.

It needs to reach 2013 growth levels to be considered a bubble. That is, the price need to reach 100k in just three months. Only then it will burst.

Bitcoin is still very cheap. I dont know why nocoiners keep moaning about its price, and just dont go and buy some.

ParallelSquid

jr. member

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This thing so called Giant Bubble has already burst if its intention was really to blow everyone there investments. But I dont think so, Bitcoin have been solid ever since. LOL

jimbo2000

full member

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Quote from: knien on December 16, 2017, 07:54:08 PM

I don't get why we have so many threads on when the bubble will burst.

If I would think Bitcoin is a bubble, I wouldn't have gotten into it at the first place. (maybe only for very short term gains)
I you got into it and now you feel like it's a bubble, why not just sell your bitcoin and never check this forum again ?

It's the FOMO and pure greed creating all these posts. No interest in Bitcoin as a technology at all.
All these people only buying with $$$ in their mind and afraid to sell to late and miss profits.
If you realy believe in BTC, you would just ride out the next dip (some people call it crash) and hodl for the long term.

Even if you really believed in bitcoin that would be a stupid thing to do if you knew there was a bubble and it was about to burst. You could simply sell your bitcoin right now and then buy back much more once the dip had happened. There's a big difference between believing in bitcoin and blindly believing in bitcoin and thinking that it can simply go up forever.

traderethereum

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Quote from: InsightCryp.to on December 16, 2017, 06:49:52 PM

In your own words, why do you think BITCOIN is about to burst? Or, at which level it will burst?

maybe it will reach the highest price first and then the price will be down and I hope if it is down, the price will not go too far than the high price. maybe after btc reach $20k, the price going down for a while to make the correction and then will increase again as usual. but it is difficult to predict the up and down of the price so I think as long as we can make a profit from the movement, then we don't have to worried about this.

Sihab76

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Now Bitcoin price is level of $19000 is really astonishing /amazing price level. But in future Bitcoin price will reach a better position , then Bitcoin create a stability , nothing to worry about bitcoin burst.

bill gator

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I don't know how many times it needs to be explained to "skeptics" of bitcoin's rise in price that it's not a "bubble" because there is no excessive value being placed on bitcoin artificially or in anyway that would create a burstable "bubble"; this is simply a value realization, which is to say that I do not see bitcoin going down very far, if at all, it very probably will continue to rise and leave people behind. Hindsight will hit these people very hard and they'll unfortunately miss the mass adoption spikes we've been talking about for years.

Babylon

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Quote from: InsightCryp.to on December 16, 2017, 06:49:52 PM

In your own words, why do you think BITCOIN is about to burst? Or, at which level it will burst?

I do not think Bitcoin will burst soon, because people interest about it are just keep increasing by the day. Yes, Bitcoin prices will drop in the next few months, but still it will not burst.

It depends on your perspective about things. If you are optimistic (like me), even though the experts are saying Bitcoin is a bubble because it only relies on the so-called abstract demand of people, you will still think that it is not and wait our turn when bitcoin will be accepted as a currency.

fulmetal08larz

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It's funny to think that people are still thinking of bitcoin's rise as a bubble about to burst once it reaches a new milestone or a new all time high. Surely, once it reached $20k, $25k, $40k, $100k there will be more FUDs and posts like this one. Why don't we just appreciate this revolution even though it has many flaws in the process due to it's technological development? At some point, at any price, there will be new set of investors coming wherein they will also learn from their own mistakes like everyone of us, and know the amazing purpose and value of bitcoin eventually.

Irdina

full member

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TheFutbolCoin

Bitcoin will explode ,, I doubt it.I think the current price of $ 18,000 is already too high.But back again no one can predict the future.Anything can happen, we just follow the process and look for profits there.

Semaj123

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Quote from: R21 on December 16, 2017, 07:41:03 PM

Actually some of exact reason for bitcoin present rising, first of it's huge demand, huge of new members joining under bitcoin sites, they are want to hold bitcoin but bitcoin mining is limited now so presently bitcoin value rising daily. it's impossible to guess how much values is limit for bitcoin.

Obviously that's right, huge demand is what btc keeps rising. Bubble speculation is always in whenever there's a huge increase of btc. This FOMO is not going to happen because everyday more investor will keep investing in btc. This current value of btc is not yet the end its just showing its potential growth and power as the mother of all crypto.

ParallelSquid

jr. member

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I'm starting to think that Bitcoin has reached a point where it's value is only being pumped up because of the hype. I agree that its performance as a mode for payment and transactions has drastically declined.

uscarrafone

newbie

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It would not be the first time, I wouldn't be too much afraid of missing the opportunity to sell in time but enthusiast with that of buying much more in the deep...

Argoo

sr. member

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Obviously, bitcoin has some properties of a financial bubble. Almost everyone agrees that bitkoyin has accumulated a number of shortcomings lately, has become slow, its transactions are hanging, the commission costs for conducting transactions are large. And yet, despite this, bitkoyn has risen sharply in value. Hence, the increase in its rate is not due to an increase in its intrinsic value, recently it has even fallen, but due to an increase in demand for it, that is purely because of speculative trends. These are the signs of a bubble. However, there is still a lot of potential for growth in the bitkoy and I hope that after some time he will eliminate his shortcomings and adjust his course to an acceptable one.

knien

member

Activity: 308

Merit: 13

I don't get why we have so many threads on when the bubble will burst.

If I would think Bitcoin is a bubble, I wouldn't have gotten into it at the first place. (maybe only for very short term gains)
I you got into it and now you feel like it's a bubble, why not just sell your bitcoin and never check this forum again ?

It's the FOMO and pure greed creating all these posts. No interest in Bitcoin as a technology at all.
All these people only buying with $$$ in their mind and afraid to sell to late and miss profits.
If you realy believe in BTC, you would just ride out the next dip (some people call it crash) and hodl for the long term.

R21

full member

Activity: 327

Merit: 101

Actually some of exact reason for bitcoin present rising, first of it's huge demand, huge of new members joining under bitcoin sites, they are want to hold bitcoin but bitcoin mining is limited now so presently bitcoin value rising daily. it's impossible to guess how much values is limit for bitcoin.

nullius

copper member

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If you don’t do PGP, you don’t do crypto!

Quote from: InsightCryp.to on December 16, 2017, 06:49:52 PM

In your own words, why do you think BITCOIN is about to burst? Or, at which level it will burst?

This is a textbook example of begging the question. Tell me, have you stopped beating your wife?

For my part, (1) I don’t think there is a bubble at all; therefore, (2) I don’t think there is such a thing as would burst. I’ve heard the term “hypermonetization” suggested to explain Bitcoin’s extraordinary growth; but I am lukewarm about that. I’m studying the evidence and working out my own theory. Also, (2) I have never beaten my wife—(1) assuming I have a wife; here, that is compound question-begging just like yours!

MJunioR

member

Activity: 67

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Burst? Nah, it won't.

Enter in a "depression" for sure, things need to adjust and this isn't sustainable in those conditions, but burst as go back for $1000 or less? I doubt.

otrkid70

hero member

Activity: 920

Merit: 1014

It has Risen wayyyyy to fast. The transactions are slow the fees are high to send. This is a disaster for BTC. Enjoy it while it lasts because this is not sustainable.

Topic: Now that BITCOIN hits the 18K$ USD LEVEL.... When will this GIANT BUBBLE burst? - page 2. (Read 625 times)