So where exactly are we in the bubble? - page 7.

alyssa85

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Quote from: HeRetiK on August 12, 2017, 06:59:36 AM

Quote from: alyssa85 on August 12, 2017, 06:29:57 AM

I think we're at "Media Attention". CNN and Bloomberg are now giving updates on bitcoin and the bitcoin price almost daily. They're treating it as a stock.

We're past the awareness stage (which took place 2013/14) and are now into the first stages of Mania.

That's the fun part about this graph. While it gets posted during every growth phase it's almost always applied only to the current cycle, not the big picture. Plot twist being that all the cycles we've seen so far may just be blips on what in retrospective may very well have just been the stealth and awareness phase.

Growth has been healthy so far, but it looks indeed like we may be entering the mania phase of the current cycle. Possibly even of the big picture. On the other hand Bitcoin might simply stabilize which would also be fine in my book.

The best part of it is that the Mania phase is Yuuuge. We're just at the start and it has a ways to go. The trick is knowing when the whole thing is about to collapse at the Delusion phase and get out in time.

aardvark15

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Quote from: CoinClarity on August 12, 2017, 02:58:10 AM

I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?

Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?

I don't know if it is a bubble, but I do think there will be some kind of correction. The price just keeps going up so it has to drop sometime. There will be fluctuations in price even if Bitcoin isn't in a bubble or being pumped. I don't think it would be a bad idea to sell if the price keeps going up because you could buy back at a cheaper price.

thecodebear

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Quote from: Soros Shorts on August 12, 2017, 06:13:44 AM

Quote from: CoinClarity on August 12, 2017, 02:58:10 AM

I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?

Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?

Do you see many institutional investors in Bitcoin at this time? Are pension funds including Bitcoin in their portfolios? I have exposure to this information at my job and can assure you they are not.

Based on this I would say that we are still in the stealth phase, possibly moving into the awareness phase.

Exactly!

To the OP: Short term bubbles happen, but they are short term so they don't matter. There's been several bubbles with bitcoin already along the way, so I'm not concerned with any short term bubble as even on burst you can be sure bitcoin will be reaching new all time highs relatively soon. As this poster said, in the longer term, we are still in the stealth phase. Institutional investors have not come on board yet, but it is looking like that will happen next year, so next year will probably be the "take off". In a year or two the current price is going to look so tiny most of the public will be thinking how they could have made so much money if they just invested in bitcoin by the end of 2017.

dakiller

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1800 was the bear trap, and if the price doubles in a week, that is the signal we are in a bubble

U2

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I used to be indecisive, but now I'm not sure...

There are no bitcoin ETFs, mutual funds including bitcoins etc. so why did you keep the phase where institutional investors come in? They'd bring billions to the table but you think we've in a bubble now? Wait until some country makes investing in bitcoins easy.

HeRetiK

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Quote from: alyssa85 on August 12, 2017, 06:29:57 AM

I think we're at "Media Attention". CNN and Bloomberg are now giving updates on bitcoin and the bitcoin price almost daily. They're treating it as a stock.

We're past the awareness stage (which took place 2013/14) and are now into the first stages of Mania.

That's the fun part about this graph. While it gets posted during every growth phase it's almost always applied only to the current cycle, not the big picture. Plot twist being that all the cycles we've seen so far may just be blips on what in retrospective may very well have just been the stealth and awareness phase.

Growth has been healthy so far, but it looks indeed like we may be entering the mania phase of the current cycle. Possibly even of the big picture. On the other hand Bitcoin might simply stabilize which would also be fine in my book.

Quote from: cafucafucafu on August 12, 2017, 06:53:00 AM

That image is nice, unlucky you can’t post it. This might not be a bubble at all, especially with the recent drops in value. There was a drop to 2000 a while back before August the first, we then recovered and we rose to 3000, stabilised there and then pushed up to 3.5K. Then we dropped to 3.1K and now with more pumping from miners, we have reached 3.8K.

If we are in a bubble though, I would say we are in the media attention phase now, people are getting more and more interested with bitcoin daily and the media is also following suit.

The drop to 1850 looks suspiciously like the bear trap in said graph. I too think we're not in a bubble yet, but there's not much missing to turn the current growth phase into one.

Lancusters

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Quote from: alyssa85 on August 12, 2017, 06:29:57 AM

I think we're at "Media Attention". CNN and Bloomberg are now giving updates on bitcoin and the bitcoin price almost daily. They're treating it as a stock.

We're past the awareness stage (which took place 2013/14) and are now into the first stages of Mania.

Mania is the first step to the bladder. People create it. Then you can all suffer. To turn the bitcoin for investment was the worst of all thoughts. Bitcoin around too much speculation. They constantly pump up the price, it discourages users and inhibits the development.

1Referee

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I don't think we're in a bubble (short term speaking) unless we in the coming months rocket up to everything above the $6000 level. Everything below that is considered to be an overbought market for me. Realistically, a fair price in my eyes with Segwit being activated would be anything between $3000-$4000. It may be a somewhat conservative range, but that's mainly due to the fact that we don't know how things will play out at the time the 2MB hard fork is supposed to kick in.

cafucafucafu

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Quote from: CoinClarity on August 12, 2017, 02:58:10 AM

I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?

Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?

That image is nice, unlucky you can’t post it. This might not be a bubble at all, especially with the recent drops in value. There was a drop to 2000 a while back before August the first, we then recovered and we rose to 3000, stabilised there and then pushed up to 3.5K. Then we dropped to 3.1K and now with more pumping from miners, we have reached 3.8K.

If we are in a bubble though, I would say we are in the media attention phase now, people are getting more and more interested with bitcoin daily and the media is also following suit.

alyssa85

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I think we're at "Media Attention". CNN and Bloomberg are now giving updates on bitcoin and the bitcoin price almost daily. They're treating it as a stock.

We're past the awareness stage (which took place 2013/14) and are now into the first stages of Mania.

RoommateAgreement

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Bazinga!

Quote from: CoinClarity on August 12, 2017, 02:58:10 AM

I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?

why would you think bitcoin is in a bubble when the price is struggling to go up!
have you forgotten the dump to $1800, then the dump to $2200 then the dump to $3100 acouple of days ago.
a bubble would have been a lot faster and a lot bigger than this with 0 corrections.

let me quote your pic so it shows up:

Quote

all i can say about this is that this very same picture has been posted here every single time that bitcoin price has any kind of rise and each time it is the same arguments.

and like always this picture is a very simplified one and it doesn't mean the bubble wasn't that small rise to $2400 and the drop to $1800 can be the bubble burst. and this is currently the back on track after the burst.

Soros Shorts

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Quote from: CoinClarity on August 12, 2017, 02:58:10 AM

I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?

Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?

Do you see many institutional investors in Bitcoin at this time? Are pension funds including Bitcoin in their portfolios? I have exposure to this information at my job and can assure you they are not.

Based on this I would say that we are still in the stealth phase, possibly moving into the awareness phase.

DustyRah

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This ain't no bubble bubba! This is THE train and it has left the station, get your asses in or you will have to take an expensive flight to board it again.

No kidding, when big boys like Fidelity and Charles Schwab start tracking the COIN, its game over for the little drips.

CoinClarity

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You got questions? We got answers. coinclarity.com

I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?

Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?

Topic: So where exactly are we in the bubble? - page 7. (Read 5179 times)