What will trigger the next bubble? | Bitcointalksearch.org

Warrior B

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Quote from: 1Referee on July 19, 2016, 04:12:35 PM

Quote from: Warrior B on July 19, 2016, 03:19:52 PM

I thought we would have a bubble by now (generated by the halving), guess I was wrong.

I now believe that the only way we can have a new bubble is through a new Macroeconomic event that makes Bitcoin very useful. Also, I think we have to solve some scaling issues in order to be used by the general public.

The price kept increasing all the way to nearly $800 in quite a short time due to the block halving last month. Wasn't that enough? And just out of interest, what kind of bubble were you expecting, and how high was your target price? The block halving is just a simple happening where the rewards fall down with 50% and that's it. In a matter of months the price nearly doubled in value, so everything went fine. Lower block rewards are nearly fully compensated with a higher price.

I would consider a "bubble" only if we pass ATH significantly.

I don't have a target price, I'm here for the long run, even if we pass ATH I would probably HODL for some more years.

Warrior B

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Quote from: helloeverybody on July 19, 2016, 04:24:35 PM

Quote from: Biodom on June 03, 2016, 08:44:45 PM

At some point wall street will realize that bitcoin is a new asset class. A minimal value of an asset class is in trillions, like $7-8 tril for gold, much more for stocks, bonds and real estate.
Once this realization occurs, they will also realize that about 16 mil (out of 21 mil) bitcoins are already issued/mined, so the options are just two: try to mine the rest OR try to wrestle the existing btc from the current owners. Naturally, the latter can only occur when the current owners sell out, which could only be achieved by the rising price and/or volatility.
Both rising price and tremendous volatility would ensue, in my opinion.

This is what i can see as quite possibly happening, im actually surprised it hadn't happened yet. Once we get a price rise that might change though as media outlets around the world start delivering positive news about bitcoin and wall Street starts taking it seriously.

This would be great, however I see this happening somewhere in about 2 to 20 years

KonceptCars

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Quote from: vero on July 19, 2016, 05:57:23 PM

I think The trigger of the next bubble is when a big companies would accept bitcoin like google,facebook,etc. it will make the price rise fast, than we can imagine because the demand of bitcoin would increase just in a while.

Exactly. Yelp is doing a good job of identifying businesses that accept bitcoin. If there was a bigger company that adopted, then pricing would increase significantly.

Quote from: The Sceptical Chymist on July 19, 2016, 07:53:59 PM

Quote from: Elwar on April 28, 2016, 07:46:41 AM

Winklevoss ETF combined with the halving would be huge.

Well, we got a nice pop up from $420--I have no clue if that was due to those factors or not. I assume the halving had something to do with it, or at least speculation about the halving. Hopefully we can stay at this level for a while. Would also be nice if we could blow past $1000.

Settling at $1000 for the next 12 to 18 months would be great.

The Sceptical Chymist

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Quote from: Elwar on April 28, 2016, 07:46:41 AM

Winklevoss ETF combined with the halving would be huge.

Well, we got a nice pop up from $420--I have no clue if that was due to those factors or not. I assume the halving had something to do with it, or at least speculation about the halving. Hopefully we can stay at this level for a while. Would also be nice if we could blow past $1000.

outatime1

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We could be in a bubble with the recent increases in price before the halving but it's hard to tell. I would be suspicious of any big increase in price because it could be someone manipulating the price to cash in or it could be just a temporary bump in price because of some good news.

mrhelpful

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Quote from: DodoB on June 03, 2016, 08:08:40 PM

Quote from: Warrior B on April 27, 2016, 10:07:52 PM

Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself).

My question: What do you think will trigger the next bubble? Huh

Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc.

The halving could lead to BitCoin exploding in price or it could do nothing,nobody knows. i also think Euro/Usd price becoming weaker will contribute to BitCoins rise.

Its not just the halving, which adds on top of the worlds stress of their financial system.

But its whats been going on lately. You got also things thats under way with bitcoins etf as well - with the twins approach on being on another exchange BATS.

And other things thats coming towards bitcoin becoming more able to grow for non-traditional users who dont have to bother with the education.

vero

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I think The trigger of the next bubble is when a big companies would accept bitcoin like google,facebook,etc. it will make the price rise fast, than we can imagine because the demand of bitcoin would increase just in a while.

STT

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A unique asset class ? Im not sure as we already have digital currency, there is quite a few operating with no need for coins or notes anymore but we continue that as an old legacy for the comfort of some. Just like some want to have an actual bitcoin in their pocket.

Is cryptographic currency superior to national centrally controlled currency, if we could somehow see that clear advantage then I will start to agree what we have here now is a new asset class

helloeverybody

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Quote from: Biodom on June 03, 2016, 08:44:45 PM

At some point wall street will realize that bitcoin is a new asset class. A minimal value of an asset class is in trillions, like $7-8 tril for gold, much more for stocks, bonds and real estate.
Once this realization occurs, they will also realize that about 16 mil (out of 21 mil) bitcoins are already issued/mined, so the options are just two: try to mine the rest OR try to wrestle the existing btc from the current owners. Naturally, the latter can only occur when the current owners sell out, which could only be achieved by the rising price and/or volatility.
Both rising price and tremendous volatility would ensue, in my opinion.

This is what i can see as quite possibly happening, im actually surprised it hadn't happened yet. Once we get a price rise that might change though as media outlets around the world start delivering positive news about bitcoin and wall Street starts taking it seriously.

1Referee

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Quote from: Warrior B on July 19, 2016, 03:19:52 PM

I thought we would have a bubble by now (generated by the halving), guess I was wrong.

I now believe that the only way we can have a new bubble is through a new Macroeconomic event that makes Bitcoin very useful. Also, I think we have to solve some scaling issues in order to be used by the general public.

The price kept increasing all the way to nearly $800 in quite a short time due to the block halving last month. Wasn't that enough? And just out of interest, what kind of bubble were you expecting, and how high was your target price? The block halving is just a simple happening where the rewards fall down with 50% and that's it. In a matter of months the price nearly doubled in value, so everything went fine. Lower block rewards are nearly fully compensated with a higher price.

Warrior B

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Activity: 329

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I thought we would have a bubble by now (generated by the halving), guess I was wrong.

I now believe that the only way we can have a new bubble is through a new Macroeconomic event that makes Bitcoin very useful. Also, I think we have to solve some scaling issues in order to be used by the general public.

apriyoni

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Quote from: ajareselde on June 03, 2016, 08:15:27 PM

Quote from: Warrior B on June 03, 2016, 07:10:26 PM

So it seems the halving might be the trigger if this starts accelerating... Roll Eyes

Halving is helping for sure, but for the most part, people just needed an excuse to buy more, push the price higher..
I have seen a lot of times through the years price moving alot for no reason.. atleast that we knew of.

The halving will not make the bitcoin price fly very high. The general usage of the bitcoin will make it useful, and price high.

Biodom

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At some point wall street will realize that bitcoin is a new asset class. A minimal value of an asset class is in trillions, like $7-8 tril for gold, much more for stocks, bonds and real estate.
Once this realization occurs, they will also realize that about 16 mil (out of 21 mil) bitcoins are already issued/mined, so the options are just two: try to mine the rest OR try to wrestle the existing btc from the current owners. Naturally, the latter can only occur when the current owners sell out, which could only be achieved by the rising price and/or volatility.
Both rising price and tremendous volatility would ensue, in my opinion.

ajareselde

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Quote from: Warrior B on June 03, 2016, 07:10:26 PM

So it seems the halving might be the trigger if this starts accelerating... Roll Eyes

Halving is helping for sure, but for the most part, people just needed an excuse to buy more, push the price higher..
I have seen a lot of times through the years price moving alot for no reason.. atleast that we knew of.

DodoB

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Quote from: Warrior B on April 27, 2016, 10:07:52 PM

Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself).

My question: What do you think will trigger the next bubble? Huh

Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc.

The halving could lead to BitCoin exploding in price or it could do nothing,nobody knows. i also think Euro/Usd price becoming weaker will contribute to BitCoins rise.

Warrior B

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So it seems the halving might be the trigger if this starts accelerating... Roll Eyes

apriyoni

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When the SegWit is implemented in the Bitcoin Core and released to increase the block size, the price will rise a lot.

harizen

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Quote from: Warrior B on April 27, 2016, 10:07:52 PM

Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself).

My question: What do you think will trigger the next bubble? Huh

Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc.

Speculations of high price due to upcoming halving is the only reason I see today that can trigger our journey to next bubble.

When it will happen? I don't know nor anyone else. So it's better to keep up with the latest trend so we can ride those mini bubble scene in price.

darewaller

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Quote from: mobnepal on April 27, 2016, 10:53:10 PM

Right now only known trigger for 2016 pump is upcoming halving and you can see this have already shown effect on market. But thinking of what could be another trigger is quite hard to predict as predicting future of anything is not possible including bitcoin market. Its better you collect some more bitcoin before halving if you want to ride this pump wave.

Yes, the upcoming halving is going to give more strength to the bitcoin and with that and with the speculations around it the price increased much faster as with the speculation for future prediction people started to beliee on bitcoin.

orryde

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pumpers will trigger it obviously. and we are in it now. are you ready for 5000 dollar bitcoins because i am.

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