Topic: So where exactly are we in the bubble? - page 5. (Read 5175 times)

How exactly are we in the stealth phase?

Bitcoin is basically mentoined everywhere right now and media is only covering bitcoin stories because it generates a lot of hype and the viewers like it, and their hit rates go up. This is the definition of media generated hype, and bubble.

Sure, in the long term bitcoin is definitely still in its early stages but we're talking about this CURRENT bubble. Which IMO, is already nearing its end.

It's either in the mania phase, or in the blowoff phase. But definitely not in the stealth phase, and i think everyone agrees with that.

Stealth phase for sure, we haven't seen meddia effect so far. If you consider a few news about bitcoin as media effect, this is not correct. Honestly, I don't think we're in a bubble, but if we are, then the answer is stealth phase which is the first pahse of the diagram.

Actually, if you are holder Bitcoin from few years ago when the price of Bitcoin still around $2xx or $1xx, with the current price of Bitcoin, you will understand really big bubble growth in short time.

There's no actual proof that Bitcoin is in bubble, if the price is increasing quickly, it doesn't mean that it's a bubble. Bitcoin is very different from traditional investments - it's unregulated, decentralized, permissionless, started trading from near-zero prices, trades 24/7 and aims to revolutionize the whole economy. It's incorrect to use traditional analysis for predicting Bitcoin's price. And when you check past forecasts, no one is even close to making any good predictions.

This will probably give an impact on bitcoin if we are in a bubble balloons rising prices because the price of bitcoin tend to menyampai $4200, bitcoin has not shown which we expect will be close for several more days. .. I was expecting the bitcoin can be bubbled on the $5000 at the end of the month even early september

Personally i think we are close to the delusion part. Just look at the first reply here:


When people make comments such as this it just makes me think, how long is this bull wave going to last? The fact is that there has never been a bull wave without some sort of major adjustment following it. Bitcoin is no exception.

I think that we'll peak out at around $4900-$5100 and then drop back to $4000, go up to $4400 once again and slowly adjust our way down. As the chart shows usually people sell excessively when they panic so there could be a buying opportunity somewhere in the next year.

Personally i have a feeling that we are in the bull trap area right now.

Either way, we are somewhere in the mania stages, or close to it. I don't think that there is any way that this isn't considered to be a mania when the price has risen by 1000%. There is simply no reason for the rise, or at least to fully justify such a big spike. WITH Bitcoin Cash going up, as well.

Wouldn't be surprised at all when at the end of the year people start panicking and overselling. This is when cheap coins is to be bought. Don't become too greedy and keep buying even though it is clear the bubble may collapse at any time.

Ransomeware has caused a worldwide crisis, many people have said that bitcoin is the cause of the consequences, however, here, bitcoin is just a tool, it is taken advantage of. Even then, bitcoin is also trusted because of its security.

Unless people are living under a rock they have heard about bitcoin at lest once, bitcoin is on many place, it is on the news like the last time that ransomware blocked many computers and it is even on the financial news where analysts give their opinion about bitcoin, the only thing we are missing is adoption.

Bitcoin is No. 1 in the market of crypto currencies. It really has an impact on the price of all crypto currencies, but this does not mean that it can't be a bubble. The higher the price of the coins the greater the probability that the bubble bursts.

In fact, high value will pose more risk. However, with bitcoin which is really stable, there is not any danger of it being high value, even, it also makes the jump for many other altcoin.

It doesn't matter if there's enough reason for the price to be at this level, if it''s overpriced, it's gonna correct itself. That is what we should prepare for  IMO.

It doesn't look alike what you are imagining in your mind because unless we see $5000 broken, I will never even think of a bubble being set up.
The prices tend to break $3600 more than 2 times but they managed to get over $4200 and after that, SegWit activated. Do you really think we have no causes to be at this crazy level?

We are still in early stage of media attention.

Bitcoin price currently above $4,300... bubble intact!

I think if there's one thing that will prevent the price of BTC from crossing... say... $8000, its transaction fees. It costs at least $4 regardless of the amount of BTC being moved to make sure it will be confirmed in the next 30-60 minutes. Double this to $8 and its getting a bit out of hand. Other platforms like Waves (though still very clunky), and my personally favorite crypto of all time DOGE, have considerably lower tx fees, and don't seem to have a shortage of miners or those willing to keep the system afloat.

Speculation is the #1 reason why BTC would get absurdly high, which in my opinion, is $10,000 or more, even though some Wall Street analysts predict it going to $50,000 or even $1,000,000. They must either be on crack or not understand how transaction fees are calculated.

I agree with that. The bitcoin is still in the left bottom of the S curve. It will rise when more people use it.

The classic laws of Economics will tell you that Bitcoin was a bubble when it achieved parity with the dolllar, when it increased from $2 to $32. The laws of Economics wouldn't have told you that Bitoin will reach $4000. So it is up to you to see whether you go by the book or take additional risk.

I do not think we are in a full bubble, part of the growth is justified, however I will say that according to the graph we are in the mania phase, but I think we still have a lot more room to grow, we are in the media attention or in the attention part of the curve, so there are a lot of profits still to be had.

It depends on if you are talking short term or long term. You are talking about the changes over the last couple years, so I assume you are talking about a long term view of bitcoin, and indeed that chart if meant to be a long term view from stealth to full public "mania", which only happens once in an assets lifetime (sure bitcoin had a bubble like this in 2013 but the mania was among the stealth phase people, it was a very tiny bubble in the stealth phase of that bubble chart). And according to that graphic the real price rise doesn't even start until after institutional investors have all gotten onboard. This hasn't even begun to happen yet! We are just now moving into awareness stage. On the global "public" scale of that chart this year we finally started moving out of the stealth phase.

I expect over the next year or two investment firms will start buying up bitcoin and letting their clients buy bitcoin through them, when this starts happening you can know for sure that we are in the awareness phase. The public phase is when you can walk down the street asking people about bitcoin and a decent percentage of people say yes I have bitcoin, right now if you did that you'd be very lucky to find one person who has bitcoin. I just laugh every time I see an article or commenter on the internet talk about bitcoin being in a bubble, that's how you know they don't know anything about bitcoin. The only exception is if they are talking about a short term bubble that will pop and then find support and then hit new ATHs like we just had from May through July.

Maybe you gone a little far with saying that bitcoin is a religion, I understand money today is everything, but its not good to believe in money too much, I hope that you are just joking about this.
Coffee135 made nice point here, and what i like most is his opinion that bitcoin can become full-fledged currency one day. That is similar with what I think. and reason why your comment draw my attention is my discussion in one other thread. Bitcoin already can be used in real economy, to not rush with overtaking, but for sure bitcoin can and will be used in real life more and more in the future. About bubble I can`t agree with you, more money pumped in, more usage and demand will push price up, you may call it bubble, cause bubbles rise like price now, but this bubble will not be easy to break.