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Topic: Took just 3 months to double in price. Bubble!!!!! (Read 2756 times)

legendary
Activity: 3206
Merit: 1069
are you sure, AFAIk there not any guide that tell us that if the value skyrocket in 3 months by 2x we are in a bubble...obviously this would be stupid

there is no time frame to estimate that, it can be a natural growth for all we know, you can't be sure

if we crash again like the last time from $2500 to $2k, it could be seen as a price correction, in fact the price recovered, as a long as the price recover, it's a price correction
full member
Activity: 168
Merit: 100
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

There were definitely a lot of hype and buzz about the price level. I think it is completely legitimate because we have already recovered from the correciton and the price seems steady, but with no further major bull market runs after that recovery.

I do think that we won't see anything under $2000 soon.

$3k is entirely possible but in my opinion that's not the natural price at least in the short term. $5k? Probably not until the next halving imo.
I think bitcoin can reach 5000 before the next halving, the rate of growth of bitcoin per year in the last year and in this year has been nothing but impressive and when we take into account we are only at the middle of the year and we are still to get some kind of solution to the scaling issue, I think if we are able to get segwit activated before the halving we will see the price double in just a few months.

Well if it doubles again in the next 3 months then it will obviously go over 5k, but if it keeps rising so fast of course we will see major crashes. Personally I think a price of over 5k this year but we will also see it fall very hard but probably not lower than 2k at its new lowest. A scaling solution would obviously pump it but more importantly a positive ETF decision would as the scaling issues doesn't currently seem to have affected the prices at all.
hero member
Activity: 1092
Merit: 501
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

There were definitely a lot of hype and buzz about the price level. I think it is completely legitimate because we have already recovered from the correciton and the price seems steady, but with no further major bull market runs after that recovery.

I do think that we won't see anything under $2000 soon.

$3k is entirely possible but in my opinion that's not the natural price at least in the short term. $5k? Probably not until the next halving imo.
I think bitcoin can reach 5000 before the next halving, the rate of growth of bitcoin per year in the last year and in this year has been nothing but impressive and when we take into account we are only at the middle of the year and we are still to get some kind of solution to the scaling issue, I think if we are able to get segwit activated before the halving we will see the price double in just a few months.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

I do think the price will even go above the $5k level this year. 2017 is literally the year for Bitcoin. But after this year, I don't see much increase in price. Next year will be a bad year for many who will plunge into it with all their investments, thinking price will continue to rise. Next year will be for the altcoins to blow...
sr. member
Activity: 448
Merit: 250
https://saturn.black
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

There were definitely a lot of hype and buzz about the price level. I think it is completely legitimate because we have already recovered from the correciton and the price seems steady, but with no further major bull market runs after that recovery.

I do think that we won't see anything under $2000 soon.

$3k is entirely possible but in my opinion that's not the natural price at least in the short term. $5k? Probably not until the next halving imo.

Seeing the recent rally then i think 5k price can be seen long before 2017 ending and this bull run is legit as their are so many developments like Japan accepting bitcoin as legal currency and development in this country is getting fast apart from this their are lot more other country also who are starting to accept bitcoin as legal currency. so any high price is possible in coming days.

I am also confident that Australia will soon give a good impetus to the cost of bitcoin. It remains for us to wait very little to see this. And after that, maybe other countries too will want to legalize bitcoin
legendary
Activity: 1190
Merit: 1002
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

There were definitely a lot of hype and buzz about the price level. I think it is completely legitimate because we have already recovered from the correciton and the price seems steady, but with no further major bull market runs after that recovery.

I do think that we won't see anything under $2000 soon.

$3k is entirely possible but in my opinion that's not the natural price at least in the short term. $5k? Probably not until the next halving imo.

Seeing the recent rally then i think 5k price can be seen long before 2017 ending and this bull run is legit as their are so many developments like Japan accepting bitcoin as legal currency and development in this country is getting fast apart from this their are lot more other country also who are starting to accept bitcoin as legal currency. so any high price is possible in coming days.
hero member
Activity: 812
Merit: 509
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

There were definitely a lot of hype and buzz about the price level. I think it is completely legitimate because we have already recovered from the correciton and the price seems steady, but with no further major bull market runs after that recovery.

I do think that we won't see anything under $2000 soon.

$3k is entirely possible but in my opinion that's not the natural price at least in the short term. $5k? Probably not until the next halving imo.
hero member
Activity: 2604
Merit: 548
Vave.com - Crypto Casino
This is not a bubble it's mass adoption. More people and countries are getting on board so mode money is coming into bitcoins. Look it up. This graph is normal.
Yeah, this is not a bubble, it's the cause of entire adoption and the incoming of investment into the digital currency network. Some interpret it as an bubble just because of the growth in terms of big margin. If this is a bubble, by now we could have felt down same as the time when the very first ATH took place in 2013.
legendary
Activity: 966
Merit: 1042
This is not a bubble it's mass adoption. More people and countries are getting on board so mode money is coming into bitcoins. Look it up. This graph is normal.
legendary
Activity: 1232
Merit: 1000
Well if this 'bubble pops' and the value crashes, it's buy time for everyone, so another bubble begins  Smiley

That has been the recurring theme with Bitcoin. If you have some money, just wait for a correction before you buy.
In the long-term, the trend of bitcoin's price can be in only one direction - up.
hero member
Activity: 2912
Merit: 642
Well if this 'bubble pops' and the value crashes, it's buy time for everyone, so another bubble begins  Smiley

True and I think many bitcoin users are ready for that.
Considering there have been a lot of profits from this increase, the capital was already returned and more money to come.
If it is really a bubble that will explode thenusers will be running to buy back.
But in my own speculation I think it will be for a long time. The value will grow more even if it is expensive the demands are still coming.
hero member
Activity: 644
Merit: 501
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

It's obvious that it's a bubble. And in my opinion the correction already came and we are going into another bull run.

Well if this 'bubble pops' and the value crashes, it's buy time for everyone, so another bubble begins  Smiley

This is exactly what's happening, basically. Everyone knows that they need to get cheap coins. So even if the price crashes by just $300 everyone rushes in to buy some coins, meaning that the price goes up up again... I have no idea how long this will last but it's not forever.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
Well if this 'bubble pops' and the value crashes, it's buy time for everyone, so another bubble begins  Smiley
hero member
Activity: 1092
Merit: 501
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??
It is not necessary a bubble, what I mean is, yes the price went up very fast but if it was a bubble the price should have gotten a lot lower and it did not, this tells me this was real growth but it needed a correction, the correction happen already and we are still above the 2000 mark and I think we are going to be there for some time until a new rally happens once again and we finally break the 3000 barrier that we were so close to break.
The price surge over the past few months has caught a lot of people by surprise and some can't be blamed for thinking that at some point this is going to correct to more realistic levels. But bitcoin has been going on a rampage lately, largely due to higher demands from Japan and South Korea, so if the demand is there, the price is sure to reach new highs. And also, the price is still in the range predicted by some experts and still on track to hit $5,000 or $6,000 by the end of 2017.

I think 5,000 up to 6,000 is pretty huge price to reach on this year remember we are almost in middle of the year so its truly impossible to reach on that price for now since price for this rate is quite stable, Maybe on next following years we can see that price would climb for that far and surely we will be happy if that things would really came.
I also think that prediction is also on the high side, but bitcoin keeps giving us surprises, to be honest I expect to see a price of 3500 or 4000 at the end of the year but if something really good happened then the sky could be the limit, so like always we must take this opportunity to buy even more bitcoin since we do not know for how long the price is going to remain at this price.
legendary
Activity: 1386
Merit: 1058

to me the bubble was very suspicious be ause it happened so fast which makes it look like something is about to happen even the panic buyng of the japanese. if its just the japanese it should have gone up to 3k by now but seem to have slow down this time.
It of course was the Japanese demand for the Bitcoin which made a record hype to the price of the bitcoin. Saying that it was sort of a bubble which burst will not be fair at all. Yes the Japanese demand brought the Bitcoin price above 2K and this is what was really expected by the economists and the analysts. There still is a lot more scope in the price of the bitcoin which people yet have to experience.
legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??
It is sure that one day or another we will see the price reach $3k or $6k , the only thing we all are waiting for is when , when will bitcoin hit 5k. See the current status the possibility of reaching 5k looks more closer day by day, all you job is to hold your money when it reaches 4k also. We would have a price of even 6k now , the only problem is people want to trade which leads the non knowledge investors think it is all over so they sell everything thus making the price to fall more and most of them don't invest again because they feel it is risky.

I agree that one day bitcoin will be at the rate of $3k to $6k a piece or even more.  It just need sometime.  As for the current rise and dip of Bitcoin I think it is more like an overbought and correction stuff.  I do not think that it was a bubble since there is actually a demand for bitcoin due to the hype from big companies from japan joining the bitcoin economy.
Yes, no doubt bitcoin will even cross that limit of the price. There are people who talk about the bitcoin that the bitcoin price increase is a bubble and stuff like that, there were some who used to predict it to all that the bubble is going to burst and such like things.

I was astonished to see that many of the people believed them and they use to say that they are right, without inspecting the demand of the bitcoin.
It has been under controversy for a long time after the price growth begin from $1200 and moved closer to $2800. As people say if it's a bubble now the price could have crashed. Right now the price is showing uptrend causing a big move towards the past ATH.
legendary
Activity: 1176
Merit: 1024
The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??
It is sure that one day or another we will see the price reach $3k or $6k , the only thing we all are waiting for is when , when will bitcoin hit 5k. See the current status the possibility of reaching 5k looks more closer day by day, all you job is to hold your money when it reaches 4k also. We would have a price of even 6k now , the only problem is people want to trade which leads the non knowledge investors think it is all over so they sell everything thus making the price to fall more and most of them don't invest again because they feel it is risky.

I agree that one day bitcoin will be at the rate of $3k to $6k a piece or even more.  It just need sometime.  As for the current rise and dip of Bitcoin I think it is more like an overbought and correction stuff.  I do not think that it was a bubble since there is actually a demand for bitcoin due to the hype from big companies from japan joining the bitcoin economy.
Yes, no doubt bitcoin will even cross that limit of the price. There are people who talk about the bitcoin that the bitcoin price increase is a bubble and stuff like that, there were some who used to predict it to all that the bubble is going to burst and such like things.

I was astonished to see that many of the people believed them and they use to say that they are right, without inspecting the demand of the bitcoin.
full member
Activity: 448
Merit: 109
Bitcoin price double is not bubble.bitcoin price increase because Japan adopt bitcoin.bitcoin price is now pretty much stable and I don't think bitcoin price will be drop from this position.I am pretty much positive this time I saw some people said bitcoin will reach $5k, I think still have chance to increase price and reach $5k.

I wouldn't call it that it is stable, how long was it stable? Few days exactly it is hard to predict as you never know where will the road end. Specially when btc is still in its early phases of adoption. Although I agree that Japan had major impact on the price spike recently.
hero member
Activity: 821
Merit: 501
Bitcoin price double is not bubble.bitcoin price increase because Japan adopt bitcoin.bitcoin price is now pretty much stable and I don't think bitcoin price will be drop from this position.I am pretty much positive this time I saw some people said bitcoin will reach $5k, I think still have chance to increase price and reach $5k.
sr. member
Activity: 574
Merit: 251
Nice to hear that most readers of this topic converge in opinion about bitcoin price increasing. It`s hard to predict if price in this year will be 3000 or 5000 USD, but but the forecast is clearly comforting.
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