Took just 3 months to double in price. Bubble!!!!! - page 2.

BitcoinGirl.Club

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Farewell LEO: o_e_l_e_o

Quote from: kolloh on May 31, 2017, 09:10:12 AM

The price was going up quite quickly, but it has already corrected some and seems to have stabilized around the $2200 range. Due to this stabalization, I don't think we are in a bubble at the moment. I foresee the price starting to slowly climb over the next month.

things really slowed down after the correction and we seem to be having a slow but steady rally heading towards the $2500
mark, i guess we are likely to see $3000 before the end of the year as we wait for segwit activation and chinese exchanges enable btc withdraws which is likely to stimulate demand.

kolloh

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The price was going up quite quickly, but it has already corrected some and seems to have stabilized around the $2200 range. Due to this stabalization, I don't think we are in a bubble at the moment. I foresee the price starting to slowly climb over the next month.

iqlimasyadiqa

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This is actually like a dream. Bitcoin prices have increased remarkably. We all certainly did not expect this to happen. Currently bitcoin prices have been a few days stable in the range of numbers 2200USD to 2300USD. This is a good rate if it can last for some time, the possibility to rise even more increases.

electronicash

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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.

Amadues

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Quote from: giveen on May 31, 2017, 05:01:05 AM

Quote from: SuckMyToys on May 19, 2017, 09:21:22 PM

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.

Long term investors are looking for cheap or low price,so investors need more sell orders come to market and fill their buy order.After checking current weekly chart traders can see signs of pressure over sellers.It is simple formula: For every buy order you need sell order.If you can access the depth of market,dont forget to check total sell orders compared to total buy orders. Current correction mood is necessary to create impulsive uptrend wave.

lionheart78

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Quote from: giveen on May 31, 2017, 05:01:05 AM

Quote from: SuckMyToys on May 19, 2017, 09:21:22 PM

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.

giveen

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Quote from: SuckMyToys on May 19, 2017, 09:21:22 PM

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.

CoinHoarder

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Quote from: Schuyler on May 30, 2017, 10:56:10 PM

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.

There's really no such thing as an expert when it comes to predicting what the market will do. Any predictions on future prices are purely speculation, speculation of which is based off of subjective reasoning and incomplete information.

Sure, some people are more clued in than others, but generally if you have been closely following the cryptocurrency markets for at least a few years and have a good understanding of market dynamics, then your speculation is just as likely to be correct as any random "expert".

I would put my "speculation skills" up against any so-called expert, and I think my recent trading activity speaks for itself.

reflector

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Quote from: Kemarit on May 20, 2017, 05:56:30 AM

I honestly believed it was a bubble initially, but the more I saw the price getting higher and higher with no burst, I do believed it is not the case. I also speculate that there will be a price correction at $1500-$1600, but it didn't happened. There was some resistance and correction, but it quickly recovered. I think Japan has something to do with this price hike, their trading volumes is at ATH as well. So I think we can conclude that this is not a bubble, the general public is really going crazy buying bitcoin in the market.

It's all about the panic on bitcoin price bubble and burst like 2013, That time in early 2014 bitcoin has been adopted by Apple and Dell in their site. Dell announces the information via press and on the face book page as well. This time adoptions are doing by the countries and make it legal by Goverment(Developed countries). This will not burst out and set value will be 2000$ and it will not dump lower than that.

senyorito123

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#SWGT PRE-SALE IS LIVE

Quote from: Schuyler on May 30, 2017, 10:56:10 PM

Quote from: Omega Weapon on May 30, 2017, 10:09:44 PM

Quote from: SuckMyToys on May 19, 2017, 09:21:22 PM

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.

Schuyler

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Quote from: Omega Weapon on May 30, 2017, 10:09:44 PM

Quote from: SuckMyToys on May 19, 2017, 09:21:22 PM

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.

Omega Weapon

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Quote from: SuckMyToys on May 19, 2017, 09:21:22 PM

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.

SvenBomvolen

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Quote from: SuckMyToys on May 19, 2017, 09:21:22 PM

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??

We will see as 3000$ as 5000$ there is no doubt here. I suppose after such fast climbing when bitcoin reached 2800+$ price to see 3000$ price will be expected this summer already.

virasog

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Quote from: taxmanmt5 on May 29, 2017, 05:35:31 PM

Quote from: BitcoinPanther on May 20, 2017, 10:22:48 AM

Quote from: pooya87 on May 19, 2017, 11:30:04 PM

this is not necessarily a bubble just because it went up high so fast. you can not ignore the fact that before this rally started a lot of countries gave some kind of a green light to their people for investing in bitcoin.

something that the governments never talked about is suddenly something they are considering to accept as a legal payment method. this may seem like simple words but this is huge and it attracts a lot of investors. people who have been worried all this time because their government never said anything about bitcoin or was looking at it as something not-so-legal.

Definitely, there is a reason why bitcoin price doubled in just a short span of time. As mentioned, countries that were previously neutral on bitcoin had announced their support and acceptance to it. They even removed the consumption tax to attract bitcoin adoption in their country. As a result, we saw bitcoin price to double in just two months. Just wait, the increase is still not done yet, there is also news that Australia will also do what Japan had done with bitcoin.

This means the increase is not simply a bubble that grows bigger without any reason.

This time around, the increase in bitcoin prices is not really a bubble but infact it is a real increase in the demand of bitcoins. No doubt, bitcoin prices doubled in just 3 months but then there are few very good news for bitcoins. Firstly the idea of hard fork for bitcoin and creation of BU has failed, making bitcoin more strong than ever. Secondly adaption of bitcoin by just two or three countries has made bitcoin price and volume this much high.

Only countries adapted bitcoin and see what happen to bitcoin prices. Imagine what will happen if more countries make bitcoin legal. This will really make the bitcoin adaption and price out of imagination. I am very hopeful that many new countries like australia will adapt the bitcoins legally making it a real big currency of the decade.

taxmanmt5

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Quote from: BitcoinPanther on May 20, 2017, 10:22:48 AM

Quote from: pooya87 on May 19, 2017, 11:30:04 PM

this is not necessarily a bubble just because it went up high so fast. you can not ignore the fact that before this rally started a lot of countries gave some kind of a green light to their people for investing in bitcoin.

something that the governments never talked about is suddenly something they are considering to accept as a legal payment method. this may seem like simple words but this is huge and it attracts a lot of investors. people who have been worried all this time because their government never said anything about bitcoin or was looking at it as something not-so-legal.

Definitely, there is a reason why bitcoin price doubled in just a short span of time. As mentioned, countries that were previously neutral on bitcoin had announced their support and acceptance to it. They even removed the consumption tax to attract bitcoin adoption in their country. As a result, we saw bitcoin price to double in just two months. Just wait, the increase is still not done yet, there is also news that Australia will also do what Japan had done with bitcoin.

This means the increase is not simply a bubble that grows bigger without any reason.

This time around, the increase in bitcoin prices is not really a bubble but infact it is a real increase in the demand of bitcoins. No doubt, bitcoin prices doubled in just 3 months but then there are few very good news for bitcoins. Firstly the idea of hard fork for bitcoin and creation of BU has failed, making bitcoin more strong than ever. Secondly adaption of bitcoin by just two or three countries has made bitcoin price and volume this much high.

Gilboa

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Check out the Antonoupolos interveiw with London Real - https://youtu.be/1co_YWwDpXg

He was right on the money when he said you're going to witness these huge boom and bust cycles develop over time.

HatakeKakashi

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The price of bitcoin is contiously increasing fasly like february the price of bitcoin will be $1000 only and last week the price of bitcoin will hit $3000 but in a short time only they cime back $2000 plus . So if bought bitcoin at $1000 and sell it today your money become doubled. And the proce of bitcoin I believe around $3000-$4000 each bitcoin before the end of this year. I think $5k dollars the price will be at 2018.

lizardbtc

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Quote from: SuckMyToys on May 29, 2017, 01:06:57 PM

Take a look at the 1 day and 1 week time interval charts. I believe the bubble is still forming. There was a correction of $800 a few days ago but the quick rebound gives me confidence that the market conditions are right. I believe the overall confidence and certainty of these traders are going to fuel a rise to 5k in the next month and 10k shortly after (could be a few days).

I don't think that it can raise that fast till 5k-10k within a month... it will have high chance of people dumping it, that will be the huge bubble...

That will just be to fast, we will need some big and good news to create that pump

SuckMyToys

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Take a look at the 1 day and 1 week time interval charts. I believe the bubble is still forming. There was a correction of $800 a few days ago but the quick rebound gives me confidence that the market conditions are right. I believe the overall confidence and certainty of these traders are going to fuel a rise to 5k in the next month and 10k shortly after (could be a few days).

BitcoinPanther

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Quote from: pooya87 on May 19, 2017, 11:30:04 PM

this is not necessarily a bubble just because it went up high so fast. you can not ignore the fact that before this rally started a lot of countries gave some kind of a green light to their people for investing in bitcoin.

something that the governments never talked about is suddenly something they are considering to accept as a legal payment method. this may seem like simple words but this is huge and it attracts a lot of investors. people who have been worried all this time because their government never said anything about bitcoin or was looking at it as something not-so-legal.

Definitely, there is a reason why bitcoin price doubled in just a short span of time. As mentioned, countries that were previously neutral on bitcoin had announced their support and acceptance to it. They even removed the consumption tax to attract bitcoin adoption in their country. As a result, we saw bitcoin price to double in just two months. Just wait, the increase is still not done yet, there is also news that Australia will also do what Japan had done with bitcoin.

This means the increase is not simply a bubble that grows bigger without any reason.

Topic: Took just 3 months to double in price. Bubble!!!!! - page 2. (Read 2820 times)