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Topic: When will the Bitcoin bubble burst? (Read 1477 times)

sr. member
Activity: 602
Merit: 252
November 04, 2017, 10:23:35 AM
#55
Now bitcoin is very similar to bubble but is not an indicator. It is under development and an increase in prices is not a sign of a bubble. It seems to me that it all depends on how it will be used. For me it is a serious indicator of the quality of bitcoin but if finally turns from an asset for speculation in the currency. Then he will have a chance to become the most honest currency in the world.
Agreed, and this never gets into bursting. Maybe a price might decrease to larger extent. The price retaining takes place further making it growth or correction of price rather than a burst. Already it has been termed to be a trusted currency, because just with the online availability it has been operating legitimately.
full member
Activity: 364
Merit: 106
November 04, 2017, 10:08:59 AM
#54
Now bitcoin is very similar to bubble but is not an indicator. It is under development and an increase in prices is not a sign of a bubble. It seems to me that it all depends on how it will be used. For me it is a serious indicator of the quality of bitcoin but if finally turns from an asset for speculation in the currency. Then he will have a chance to become the most honest currency in the world.
full member
Activity: 308
Merit: 105
November 04, 2017, 09:15:35 AM
#53
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?
This is not a bubble, the price of bitcoin is that high because that is demand that is having at the moment if at some point that demand changes and the price goes down that does not mean the bubble burst it is just that people no are no longer requiring bitcoin for their needs and as such the price is going to go down, this is not like the 2013, that was a bubble.
Lots of people are calling bitcoin a bubble since 2013, though!
But you know what bitcoin value keeps getting higher and higher everyday.
Sooner or later the people who are calling bitcoin a bubble would realize that is the biggest mistake of their life.

You are aware right that the price rising as it is, is an indication of a bubble? I do not think it will burst in the way some people feel in the sense that it will crash irrecoverably but it will certainly burst at some point in the coming months or years, I do believe however that it will recover after said time however, much like house prices.
copper member
Activity: 658
Merit: 284
November 04, 2017, 09:12:51 AM
#52
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?
This is not a bubble, the price of bitcoin is that high because that is demand that is having at the moment if at some point that demand changes and the price goes down that does not mean the bubble burst it is just that people no are no longer requiring bitcoin for their needs and as such the price is going to go down, this is not like the 2013, that was a bubble.
Lots of people are calling bitcoin a bubble since 2013, though!
But you know what bitcoin value keeps getting higher and higher everyday.
Sooner or later the people who are calling bitcoin a bubble would realize that is the biggest mistake of their life.
sr. member
Activity: 870
Merit: 250
November 03, 2017, 10:45:56 PM
#51
A bubble in 2013-14(not exactly) won't repeat itself simply for the reason that the market as a whole is so much bigger now with much more competition. This adds over all resilience. We will not see the sign of a bubble in the near future.
legendary
Activity: 1036
Merit: 1000
November 03, 2017, 08:53:55 PM
#50
I've been long enough here to know btc is in fact in a bubble for a millionth time. Again. If you don't think so, I have a castle in Spain I'd like to sell to you. It's a question of when, not if, btc bubble will burst. I fully expect btc to crash hard in January 2018. The new year will bring pain and misery to everyone here on the forum. This new down market will be long and hard, all of you will lose your shirts, will have to sell your body for cash. Don't worry though, it will turn some time in 2020 for the better.
full member
Activity: 672
Merit: 176
November 01, 2017, 02:14:14 PM
#49
Its not a bubble in the sense that it was called a bubble in 2013-14 because of wider adoption of btc. The market rates, while high, do not indicate any attempt by any party/ies to pump and dump. In so far as that argument is concerned, btc isn't a bubble. On the other hand,if you're asking when there will be a drastic correction, I don't see it happening anytime soon for the reason mentioned above.

It seems to me that such issues can greatly affect the popularization of bitcoin in society and therefore I am suspicious of such things. If everyone is worried about such situations, then the cats of the foreign exchange market will again have panic and frenzied price fluctuations.
member
Activity: 104
Merit: 13
November 01, 2017, 02:02:42 PM
#48
The rule is, would you buy at these prices? If not, then it's likely that others won't either and the market is being manipulated.

It's just gone up too fast, faster than any real adoption, so it's bound to fall back to allow the real world adoption to catch up with it.
member
Activity: 101
Merit: 10
November 01, 2017, 10:27:48 AM
#47
Its not a bubble in the sense that it was called a bubble in 2013-14 because of wider adoption of btc. The market rates, while high, do not indicate any attempt by any party/ies to pump and dump. In so far as that argument is concerned, btc isn't a bubble. On the other hand,if you're asking when there will be a drastic correction, I don't see it happening anytime soon for the reason mentioned above.
full member
Activity: 490
Merit: 100
November 01, 2017, 10:27:25 AM
#46
I think where not yet on a bubble stage too early to conclude, though I believed we'll get in to that. How? As long as the bitcoin transaction takes few hour or more, and pending transactions increases and congested, some will be disappointed and that's the time the bubble burst. Just my cents
sr. member
Activity: 1162
Merit: 260
November 01, 2017, 07:16:22 AM
#45
I have voted for "Never ". I don't think that the bitcoin price is a bubble so there is no question of the burst. If it were a bubble it would had burst at the period of " China ICO ban period"( the pressure was enough to burst a bubble then ).
sr. member
Activity: 630
Merit: 272
November 01, 2017, 07:12:26 AM
#44
In the near future this will not happen. Even if the bitcoin bubble it will not burst during its growth. Now bitcoin is only the beginning of the climb. We see a steady trend towards its rise in price. It accumulates a large amount of money and if in the future the money will be spent on the economy then bitcoin will become a very serious competitor to Fiat.
newbie
Activity: 28
Merit: 0
November 01, 2017, 07:01:14 AM
#43
bubbles are so 2008 ...
sr. member
Activity: 263
Merit: 250
October 31, 2017, 08:58:39 PM
#42
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?

If you consider bitcoin as a bubble then I wonder why are here in this forum where most of the discussion is about the rise of bitcoin's price.
Because it's in a bubble.  When it's not in a bubble, the discussion is about how to actually make BTC better, rather than just how to make the price more stupidly high.

The problem is that loads of people aren't distinguishing between Bitcoin "being a bubble" and Bitcoin "being in a bubble".

On here I see "People thought Amazon was a bubble, but now it's huge" - but Amazon was in a bubble, and now it is no longer in a bubble.  Similarly, Bitcoin could be in a bubble now, but that doesn't mean that it will always be in a bubble or that it itself a bubble.
True, bitcoin is something useful so while sometimes it may be overvalued that does not mean that the price of bitcoin is going down to zero and it is going to disappear or anything crazy like that, bitcoin is improving and with the lightning network and atomic swaps bitcoin is going to improve even more and as the usefulness of bitcoin goes up its price does the same, and any technology that keeps improving will follow the same pattern of growth.
That is a fact that bitcoin price is no doubt increasing a lot. i think that in future as bitcoin is becoming more popular therefore we can expect that bitcoin will continue increasing, because still people are taking interest in bitcoin and hope that their interest will continue increasing for a long time.
hero member
Activity: 840
Merit: 502
October 31, 2017, 08:31:19 PM
#41
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?

If you consider bitcoin as a bubble then I wonder why are here in this forum where most of the discussion is about the rise of bitcoin's price.
Because it's in a bubble.  When it's not in a bubble, the discussion is about how to actually make BTC better, rather than just how to make the price more stupidly high.

The problem is that loads of people aren't distinguishing between Bitcoin "being a bubble" and Bitcoin "being in a bubble".

On here I see "People thought Amazon was a bubble, but now it's huge" - but Amazon was in a bubble, and now it is no longer in a bubble.  Similarly, Bitcoin could be in a bubble now, but that doesn't mean that it will always be in a bubble or that it itself a bubble.
True, bitcoin is something useful so while sometimes it may be overvalued that does not mean that the price of bitcoin is going down to zero and it is going to disappear or anything crazy like that, bitcoin is improving and with the lightning network and atomic swaps bitcoin is going to improve even more and as the usefulness of bitcoin goes up its price does the same, and any technology that keeps improving will follow the same pattern of growth.
full member
Activity: 336
Merit: 112
October 27, 2017, 09:50:23 AM
#40
What makes you think that bitcoin is a bubble. Is bitcoin over brought? No. Sure the price of bitcoin increases exponentially but that just because of high demand. The marketcap of bitcoin is still considered very small compared to what it can actually give out. Even with the current trend we are nowhere near a bubble.
member
Activity: 94
Merit: 11
October 27, 2017, 09:19:01 AM
#39
Bubbles, bubbles everywhere....

legendary
Activity: 2702
Merit: 4002
October 27, 2017, 09:12:25 AM
#38
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?

price now is Bumped a lot so that you can say it is bubble but Bitcoin price them self not bubble you can see bitcoin start at 2009 and many trust in bitcoin .

In short words price now is Bubble and real price need long time of stability
full member
Activity: 476
Merit: 124
October 27, 2017, 09:01:40 AM
#37
In my opinion, bitcoin will never burst because it is not a bubble. The price in the market may seem to rise and fall rapidly but this is all part of the trading process. There are far too many investors and support in bitcoin now compared to previous years. Bitcoin is still in its early stage of development and it will never stop. We all hope to witness Bitcoin to reach its full potential maybe in the next 10-50 years.
sr. member
Activity: 420
Merit: 255
October 27, 2017, 07:11:47 AM
#36
It seems to me that the bubble will burst in the event that any state or just a community of people establish control over it. Until bitcoin free is a unique system and he will live and increase in price. I hope that someday we will be able to pay bitcoin for any product and then we will be able to abandon Fiat.
hero member
Activity: 3038
Merit: 634
October 27, 2017, 06:36:44 AM
#35
When do you feel the Bitcoin bubble will burst and what will happen after?

I don't feel that there's a bubble that will burst soon and I don't even thinking that we are on a bubble. Why you keep on thinking the same with other analysts that bitcoin is on a bubble?


what will happen after?

Let's say that "bubble" popped, obviously the price will go down. Many dip buyers will come in and do panic buying that will lead bitcoin's price to increase again.  Grin

The rise, decline, rise further pattern- when will it go down and never come up?

No one knows on when exactly is going to decline.
legendary
Activity: 3038
Merit: 1169
October 27, 2017, 06:08:08 AM
#34
If the price of bitcoin right now is very too high for you, then be ready for the bubble to be bust and I think it will be as soon as the correction occur, and we are expecting another Fork this November that is why hold to your horses cause we are in for another bumpy ride!
newbie
Activity: 6
Merit: 0
October 27, 2017, 05:11:23 AM
#33
Hmmm... tell me if this sounds like nonsense because I haven't looked into the Chinese pull out and what that meant in terms of BTC dumping or hoarding. But looking at market volumes I can gauge a pretty clear assumption.

If China whales were out of the recent boom, which they apparently were, and it's likely they're some of the biggest whales. Wouldn't them not taking part recently explain the strange lack of volume as well as partly explain the velocity of the spike?

Think about it, they pull their coins out of circulation as a group... they definitely didn't dumped them or it wouldn't have hiked.

So, the hike then could be partly attributed to China based coins being pulled from circulation. Increases scarcity.

Chinese are crafty fuckers hey, so, what if they pulled out, en mass, let the price surge, only to then see them dumping en mass, right now on the boom, cleaning out, then re-buying on the low. Policy is actually the only way to influence a market universally like that. Let's see what happens next 36 hours.
full member
Activity: 714
Merit: 100
October 27, 2017, 04:54:04 AM
#32
Nobody can predict it because until now we're still finding its real value,
bitcoin price was increasing from time to time because of the popularity and their financial freedom.
if bitcoin itself improving their system and discover something new i believe bitcoin price will keep increasing.
we should see the price declining if nothing new discovered.
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.

Quote
Nobody can predict it because until now we're still finding its real value.
yes no one can possibly predict it because it wont actually happen.  bitcoin is not a bubble and its just normal for the coin to pop just like a bubble  because of volatility but it is just normal and probably will recover in the next day or two. and we cant find its real value because it will always fluctuate and it wont stay in the same base price.

Quote
we should see the price declining if nothing new discovered.
discovered of what?

Quote
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
yes you got the point but they can just always adjust their pricing according to the latest price of bitcoin.


Quote
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.
solve what? for sure it will still burst because bitcoin and cryptocurrency is made that way and volatility is a good idea for traders and investors to earn profit. so i think if volatility will be removed it will greatly affect the whole ecosystem.

legendary
Activity: 3010
Merit: 1280
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October 27, 2017, 04:17:17 AM
#31
Which bubble? Wink

One may argue that BTC is overvalued right now. However since BTC was heavily undervalued the last few years, I think it's mainly the market going beyond the initial upward correction. We may see the market retracting a bit, but I don't think we're at price levels that would lead to a bubble-burst -- ie. a drop of larger than 50%.

If we are in a bubble, I'm fairly positive that we're still in one of the early stages of this bubble cycle.

I agree,  and i never think that Bitcoin is over value since price is dictated by demands.  There is no central authority that supports the price and most of this demands come from different people all around the world.  I do not think this is a bubble, this is just the result of peoples demand and how they look at bitcoin value at the current stage.  I think this price will still increase as the number of supporters and people join this beautiful community.
full member
Activity: 210
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busy in real life, long post gap is understandable
October 27, 2017, 03:36:03 AM
#30
This has always been asked here in the forum. Bitcoin is a "bubble". YES, a "bubble" that every time it bursts it will just take a day, an hour or a year or month to fully recover again to be a bubble. Bitcoin's community is continually growing and e every time there is a dip on the price, Bitcoin bounces back., so i don't know what bubble you are talking about.
full member
Activity: 686
Merit: 146
October 27, 2017, 03:23:46 AM
#29
Nobody can predict it because until now we're still finding its real value,
bitcoin price was increasing from time to time because of the popularity and their financial freedom.
if bitcoin itself improving their system and discover something new i believe bitcoin price will keep increasing.
we should see the price declining if nothing new discovered.
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.

I agree with this, The "bubble" won't burst until it has enough air to make it burst.
No one even know if what is the maximum potential price for each coin. Mining is not even done yet.
More and more fud are being made against the coin but the price keeps on rising because more and
more people are believing in it. So Bitcoin maybe a bubble but I consider it as a balloon with a thicker
covering it may burst but not in the next few years.

Many have been saying that it is in a "bubble" for many times already yet bitcoin continues to rise and grow. Perhaps its unusual nature has made an unusual bubble; as you have said, a balloon with thicker covering. For now, bitcoin continues to grow and I believe that it still has plenty of room for growth and its potential is very promising. Bitcoin still has a long way to go. We may not know until when but for now it is still growing.
member
Activity: 60
Merit: 10
October 27, 2017, 02:49:30 AM
#28
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?

I am not sure if Bitcoin is the same with other investment instruments that had bubble burst events because of price ceiling. Bitcoin is an unusual investment. It is very volatile and very predictable. But it there is a price ceiling, then it may be the reason of a bubble burst of Bitcoin price. This will happen if the Bitcoin price has reached it's limit and people will then panic sell their Bitcoins dragging down the demand and price of it.
sr. member
Activity: 2016
Merit: 283
October 26, 2017, 10:49:58 PM
#27
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?
when will it go down and never come up? In my opinion now adays bitcoin is in higher value its impossible that after fall it will never come up or rise cause now aday  bitcoin is very popular so it will rise depends on the demand of supply from the market. And also we cannot specule when will be this currency will go dow because its always fluctuate.
full member
Activity: 560
Merit: 112
October 26, 2017, 08:08:22 PM
#26
I don’t know if I’m the one not understanding what a bubble is or you just making controversial way of describing for people to look more further information about its value.

Whatever your purpose is, I stand firm to what I believe in. “Bitcoin is not a bubble and not in a bubble”, because if you were right that it is, why until now it is on the rise and it was been described as a bubble since before.
sr. member
Activity: 322
Merit: 250
Make A Bet on WORKING SOFTWARE
October 26, 2017, 08:01:37 PM
#25
John McAfee doesn't think it will burst anytime soon.

John McAfee: ‘Bitcoin moves above  $500,000 within three years. Bets?’
https://twitter.com/officialmcafee/status/887012614131372032

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John McAfee: ‘I will eat my d–k’ on national television if I lose $500K Bitcoin bet
hero member
Activity: 630
Merit: 500
October 26, 2017, 06:33:39 PM
#24
Nobody can predict it because until now we're still finding its real value,
bitcoin price was increasing from time to time because of the popularity and their financial freedom.
if bitcoin itself improving their system and discover something new i believe bitcoin price will keep increasing.
we should see the price declining if nothing new discovered.
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.

Is there really one true value of bitcoin? I don't really believe so partially because its price is always shifting (by a lot, that too). People do want to implement blockchain technology into their companies and such, but will that really push the price of bitcoin to keep skyrocketing? I think more importantly we need to look into the support of investors. Once major players decide to pull out and sell their huge amounts, then it's probable that a bubble will burst, but that is a valid statement with almost any investment where there are whales of sorts.
To me i am too much sure that the present value of bitcoin is it true value. I think bitcoin  even have good potential to increase. The real reason of increase in the price of bitcoin is due to the interest of the people. in fact people are too much interested in bitcoin and are investing money in bitcoin which is in fact increasing the price of bitcoin too much.
sr. member
Activity: 378
Merit: 250
October 26, 2017, 04:32:03 PM
#23
Nobody can predict it because until now we're still finding its real value,
bitcoin price was increasing from time to time because of the popularity and their financial freedom.
if bitcoin itself improving their system and discover something new i believe bitcoin price will keep increasing.
we should see the price declining if nothing new discovered.
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.

I agree with this, The "bubble" won't burst until it has enough air to make it burst.
No one even know if what is the maximum potential price for each coin. Mining is not even done yet.
More and more fud are being made against the coin but the price keeps on rising because more and
more people are believing in it. So Bitcoin maybe a bubble but I consider it as a balloon with a thicker
covering it may burst but not in the next few years.
legendary
Activity: 1414
Merit: 1039
October 26, 2017, 12:12:19 PM
#22
Nobody can predict it because until now we're still finding its real value,
bitcoin price was increasing from time to time because of the popularity and their financial freedom.
if bitcoin itself improving their system and discover something new i believe bitcoin price will keep increasing.
we should see the price declining if nothing new discovered.
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.

Is there really one true value of bitcoin? I don't really believe so partially because its price is always shifting (by a lot, that too). People do want to implement blockchain technology into their companies and such, but will that really push the price of bitcoin to keep skyrocketing? I think more importantly we need to look into the support of investors. Once major players decide to pull out and sell their huge amounts, then it's probable that a bubble will burst, but that is a valid statement with almost any investment where there are whales of sorts.
sr. member
Activity: 1274
Merit: 263
October 26, 2017, 08:12:00 AM
#21
Nobody can predict it because until now we're still finding its real value,
bitcoin price was increasing from time to time because of the popularity and their financial freedom.
if bitcoin itself improving their system and discover something new i believe bitcoin price will keep increasing.
we should see the price declining if nothing new discovered.
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.
sr. member
Activity: 406
Merit: 255
October 26, 2017, 07:47:01 AM
#20
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?
No one can say for certain when bitcoin bubble will burst. In fact, bitcoin bubble bursting may not happen because it may not be a bubble in the first place. If bitcoin is really a bubble, it is the first time that I have seen a bubble being so resilient despite many people calling it a bubble. It will probably never go down to never recover again because adoption rate is increasing so fast, it even got legalized on some countries. Many people uses it too and unless they stop using it, rise and dump wont stop.
Perhaps the unusual bitcoin bubble. He did not emerge spontaneously. Its popularity is growing according to the classical principle of the desire to get rich, but the reason for the demand of bitcoin is that people are already in the pyramid. The entire economy of the world is subordinated to the dollar. Do you think the dollar is not a pyramid scheme? Lol! Maybe we were in a situation where the lesser of two evils choose the lesser need. Bitcoin was the lesser evil.
legendary
Activity: 3122
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October 26, 2017, 07:32:34 AM
#19
Which bubble? Wink

One may argue that BTC is overvalued right now. However since BTC was heavily undervalued the last few years, I think it's mainly the market going beyond the initial upward correction. We may see the market retracting a bit, but I don't think we're at price levels that would lead to a bubble-burst -- ie. a drop of larger than 50%.

If we are in a bubble, I'm fairly positive that we're still in one of the early stages of this bubble cycle.
hero member
Activity: 882
Merit: 544
October 26, 2017, 07:29:12 AM
#18
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?
No one can say for certain when bitcoin bubble will burst. In fact, bitcoin bubble bursting may not happen because it may not be a bubble in the first place. If bitcoin is really a bubble, it is the first time that I have seen a bubble being so resilient despite many people calling it a bubble. It will probably never go down to never recover again because adoption rate is increasing so fast, it even got legalized on some countries. Many people uses it too and unless they stop using it, rise and dump wont stop.
legendary
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DGbet.fun - Crypto Sportsbook
October 26, 2017, 07:22:01 AM
#17
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?

If you consider bitcoin as a bubble then I wonder why are here in this forum where most of the discussion is about the rise of bitcoin's price.

The main purpose of this forum is to develop bitcoin not to wait for it's price to go down. For me it is not a bubble but a platform that will help to develop the crypto currency for the future.
At times based on the growth nature it used to be described as bubble, for the same it doesn't mean it's a bubble. When the price increase took momentum from the price around $2500 to go as high as $4500 experts suggested it as an price wave. If a drop is termed to be bubble burst, then it happens quite often.
legendary
Activity: 1946
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October 26, 2017, 06:51:07 AM
#16
if you think a bubble is going to burst when price drops >90% then you think wrong and it will never happen. but if you are familiar with the notion of a bubble and know what it really means then you know that a bubble burst can mean a simple 10-20% drop and since that has already happened multiple times you can call those as bubble bursts if you like.

i would prefer to call them corrections though. the bubble is really not a valid economical term in my opinion. they don't even have a proper definition for it!
hero member
Activity: 882
Merit: 500
October 26, 2017, 06:33:58 AM
#15
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?
Are you sure that you are saying that bitcoin is going to read , Because here you are saying that it should go down and never come up ? , Here clearly you want either one of them , At one side you are willing to buy bitcoin at very low price or you don't like or don't know about the bitcoin much.
Here I would like to tell you that it is not sure that when the price of the bitcoin will go to fluctuate much because all depends upon the Market and discesion. Here in my opinion may be small flcutuations happen but I am 100%  sure that it will not remain down for long term . Because it has lots of demands in the whole world .
full member
Activity: 158
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October 26, 2017, 06:31:37 AM
#14
Recently there were some positive news on bitcoin's acceptance and regulation

1. New merchants like Amazon started accepting bitcoins
2. Japan, Philippines, Russia and few other countries announced or discussing about legalising it
3. China banned ICOs for local investors that didn't seem to crash it as was speculated

This is from top of my head. There are more things to notice. And you think bitcoin is a bubble. Tell that to Amazon, Japan, Russia etc governments and let us know what they think
hero member
Activity: 966
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October 26, 2017, 06:26:52 AM
#13
No, bitcoin bubbles won't burst due to Bitcoin is “not a bubble,” Nasdaq has said citing five reasons demonstrating why Bitcoin price is nothing like Tulip Mania. 5 Reasons Why Bitcoin Price is Not Tulip Mania: https://cointelegraph.com/news/5-reasons-why-bitcoin-price-is-not-tulip-mania-nasdaqcom i think this analysis can be trusted although there are no one who know about the future of bitcoin especially bitcoin's price.
hero member
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October 26, 2017, 06:14:40 AM
#12
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?

If you consider bitcoin as a bubble then I wonder why are here in this forum where most of the discussion is about the rise of bitcoin's price.
Because it's in a bubble.  When it's not in a bubble, the discussion is about how to actually make BTC better, rather than just how to make the price more stupidly high.

The problem is that loads of people aren't distinguishing between Bitcoin "being a bubble" and Bitcoin "being in a bubble".

On here I see "People thought Amazon was a bubble, but now it's huge" - but Amazon was in a bubble, and now it is no longer in a bubble.  Similarly, Bitcoin could be in a bubble now, but that doesn't mean that it will always be in a bubble or that it itself a bubble.
full member
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Merit: 100
October 26, 2017, 12:48:06 AM
#11
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?

Yes that is right, bitcoin's price depends on the supply and rising demand of it. Imagine
how it reached that price at this phase where there is not much who use the coin yet.

Future for the coin is really bright and more and more people will find out the use of it
in the coming years.
sr. member
Activity: 336
Merit: 250
October 25, 2017, 09:41:51 PM
#10
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?

If you consider bitcoin as a bubble then I wonder why are here in this forum where most of the discussion is about the rise of bitcoin's price.

The main purpose of this forum is to develop bitcoin not to wait for it's price to go down. For me it is not a bubble but a platform that will help to develop the crypto currency for the future.
full member
Activity: 182
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
October 25, 2017, 09:33:03 PM
#9
Personally I really don't think that those who ask this know how the variation in price works. The price of bitcoin is very volatile because it is market oriented, meaning the price depends on the supply and demand force of the market so bitcoin will stay as long as there are people using it which I don't think there will be a time where no one would use it or everyone would stop using it even in the next 50 years.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
October 25, 2017, 09:30:54 PM
#8
Great. 2017 is almost over and I still see posts and articles about bitcoin being a bubble.

Bitcoin's price can skyrocket to heavenly heights and can crash down temporarily significantly due to various reasons like bannings and exchanges closing but I definitely wouldn't call it a bubble.
member
Activity: 134
Merit: 10
CVProof.com - SECURING JOB'S CREDENTIALS
October 25, 2017, 09:24:12 PM
#7
Bitcoin is growing regularly and in future it will grow in same manner. After all it will stop to grow but there will be no day it will come at bottom. Other altcoin may grow to btc.
hero member
Activity: 790
Merit: 505
October 25, 2017, 09:18:07 PM
#6
one thing i can be sure about with bitcoin is it is unpredictable, and if anyone gets the prediction correct it is a complete fluke+luck.

My answer regarding the question is that bitcoin will continue to peak and dip with a upward trend for a few more years yet. Have a look at the hits bitcoin has had this year alone // china + jb morgan etc. The only thing that can make a bitcoin bubble burst is if a pod of whales decide (for what ever reason) to completely cash out their crypto investments..... if so btc will bust to below $1000 and it will begin all over again.
full member
Activity: 322
Merit: 103
October 25, 2017, 09:13:14 PM
#5
At first I would recommend you to prove that bitcoin is a bubble. An answer like "those guy said that" is not an option. This post generaly looks like a trolling.
newbie
Activity: 19
Merit: 0
October 25, 2017, 09:10:03 PM
#4
At times BTC might be overpriced or underpriced, but I don't believe that the word "bubble" can apply to a limited minted crypto.
hero member
Activity: 840
Merit: 502
October 25, 2017, 09:07:29 PM
#3
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?
This is not a bubble, the price of bitcoin is that high because that is demand that is having at the moment if at some point that demand changes and the price goes down that does not mean the bubble burst it is just that people no are no longer requiring bitcoin for their needs and as such the price is going to go down, this is not like the 2013, that was a bubble.
hero member
Activity: 798
Merit: 503
October 25, 2017, 08:52:34 PM
#2
Havent it already? Smiley The 5000$ milestone was a breakthrough for Bitcoin as the price was fluctuating about 4000+ and seems like it was somewhat stable. I predict that it would rise again very quickly in the next year, even way higher than 10k is possible now, seeing how Bitcoin is growing so rapidly.
member
Activity: 85
Merit: 12
October 25, 2017, 08:45:22 PM
#1
When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?
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