Topic: When will the bubble pop? - page 2. (Read 2564 times)
considering this rally is being led by solely by the chinese, i would call it a bubble
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bubble not found
bubble not found
The bitcoin economy suddenly grows from a single major (incompetent) exchange to several high volume highly liquid exchanges plus etfs, second market, etc. The price goes up 80% over an entire month to a level that its already visited during the mtgox era. This is a bubble?
When it doubles for the fifth time it will crash to the 3rd double and then even out to the 4th.
what bubble?
the 100 dollar rise in bitcoin value in ten days - generally known as a bubble -
looks at a two year chart or bitcoin and see the other two instances this occurred, and no this time isn;t different. THe price is irrational, however i do believe in longterm value appreciation for bitcoin
The only "bubbles" with bitcoin have been rapid > 10x price movements. The first in 2011 from 0.01 to ~30 and the second in 2013 from ~10 to 266.
Going from ~130ish to 266 is not a bubble by this metric.
We will be in bubble land if the price rapidly moves to >1,500. Until then this is a stable rise.
what bubble?
the 100 dollar rise in bitcoin value in ten days - generally known as a bubble -
looks at a two year chart on bitcoin and see the other two instances this occurred, and no this time isn't different. THe price is irrational right now , however i do believe in longterm value appreciation for bitcoin
The last "bubble" did not last. The next "bubble" will do the same. Sure there will be some volatility but over the long run the price will just continue to go up.
what bubble?
Disclaimer -
OP is a long term bull and holder of bitcoins
Op wants the price to keep going up
Op understands we are in an unsustainable bubble right now
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