Will the price of bitcoin be like a bubble, how do we react to it - page 2.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: fian18 on January 28, 2019, 07:18:31 PM

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

"very high" ? Are you kidding me? The price is 3.5 thousand dollars right now. That is not remotely high. There is a reason why all the "bubbles" collapse, not enough money keep coming in and making it unsustainable. For example the oldest we know is the tulipmania where tulips were expensive, why did it collapsed? Because there wasn't many people left who were willing to keep buying tulips from those prices. Why it got high? Because people were capable of buying it until they run out of money.

Closest one is the house bubble (well mortgage) which was after dotcom, well there was too many toxic debt that people couldn't afford to pay back and defaulted on their loans, which created a collapse of the bubble. Same happened to bitcoin, went up to 20 thousand dollars and there wasn't enough people who were willing to pay that much for one bitcoin. However we are already at 3500, there are plenty of people willing to buy from here, RIGHT NOW its not a bubble, it used to be considered that way on 20 thousand dollars but definitely not even remotely a bubble in today's prices.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

it is hard to understand what you are trying to say here!

will there be bubbles? of course, like all the bubbles in the past, we will continue to see other bubbles in the future too. whenever bitcoin price is going to have a big shoot up to the moon when a lot of people get overly excited and rush in to buy, then there will be a bubble shaped up.

is it a bubble now? you are an idiot if you think so.

was it a bubble in the past? yes, a year ago when price reached the ATH, that was a bubble.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

It already is like a bubble. And it popped a lot of times in the past as well. How do i deal with it? Same as how i did with all the bubble pops i've experienced in the past. Staying positive and keeping my emotions in check. With the many times i've seen this happen, i'm pretty much used to this kind of market movement.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Another claim that bitcoin is a bubble? $3,400 is too high? $20,000 is the highest and the said bubble popped like what most of the predictors said even before. How do we react on this? I'm reacting without anything to say.

I just believe that bitcoin's status is on the bright side and these lows are the best way for it to reach another all time high. It shall go at the lowest before the potential catch up for its rise in the future.

arpon11

sr. member

Activity: 882

Merit: 282

There is nothing wrong with price of bitcoin be a bubble because, every market has there own bubble time to time. I am not a bearish trader but of a truth the market will still go down and that doesn't mean bitcoin is bad or something bad is happening to the market. It means cryptocurrencies market is reacting to fundamentals and technical information or indicators. 2011, we have this story of bubble market and in 2017 , the bubble issues still come up again. Either in bubble or out of it bitcoin is not going to die and it is very important we keep faith with the market.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

The price of bitcoin has been speculated to be a bubble same as that of the one happened with the internet during the 90's. Bitcoin is an innovation backed by the blockchain technology. Terming bitcoin as a bubble has increased gradual in the recent days as bitcoin reached the peak and dropped low without sustaining for a longer time period. Have hope, you'll be able to profit out of the same.

Juggy777

hero member

Activity: 2646

Merit: 686

Quote from: fian18 on January 28, 2019, 07:18:31 PM

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

Hey first of all which are these various circles you’re quoting, and can you explain how you’re considering current levels of 3400$ to be very high?. I feel you have been misguided, as the bitcoins bubble rally burst happened in the end of December 2017, and what we’re seeing now is an extended bear phase. I feel at current levels one should buy, and hodl them and it’s pertinent to note we’re seeing good adoption taking place.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: fian18 on January 28, 2019, 07:18:31 PM

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

I had to double check the date a few times because I am confused why he is saying the bitcoin price can burst like a bubble when it in fact did about a year ago.

Bubbles happen in many markets, not only crypto. They are natural because there is huge demand at a short time which drives up price to an exponential level and then it finally settles down afterwards.

Amazon during the DOT-COM crisis was also in a bubble and it survived and the company is still around and doing great. Bubbles even happen in safe investments like Real Estate.

davis196

hero member

Activity: 3150

Merit: 937

Quote from: fian18 on January 28, 2019, 07:18:31 PM

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

How do we react to it?Buy low and sell high.When to buy and when to sell?You will have to learn more about crypto trading,market analysis and gain some experience.By the way,what makes you think tha the price of bitcoin is "very high"?

pooya87

legendary

Activity: 3472

Merit: 10611

bubbles happen in any market and bitcoin is not an exception to this rule either. we have had many bubbles some of which were big in the past 10 years. they are not a reason to "worry" though! in this case your topic is about 13-14 months too late because the last bubble that bitcoin had (which was also a big one) occurred about 13 months ago and that bubble has been gone and corrected for over 6 months now!

fian18

newbie

Activity: 153

Merit: 0

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

Topic: Will the price of bitcoin be like a bubble, how do we react to it - page 2. (Read 303 times)