Topic: Will this bitcoin bubble stop at 10-12K or not? (Read 1017 times)
First, you need to understand what is a bubble and why do you think Bitcoin is a bubble. A lot of personalities in finance are saying that Bitcoin is a bubble, but in the end, it seems that they are having a hard time to prove that Bitcoin is a bubble, do not compare Bitcoin with the dotcom boom, since those companies are different from Bitcoin. A lot of people are trying to prove Bitcoin is a bubble, but still they failed to do so.
bitcoin isnot a bubble because it have stable range of increase and decrease so that you can’t say it is a bubble
it will never stop at 10,000$
it will never stop at 10,000$
What bubble, where do you get that idea from? I see no bubble.
Who says this is a bubble? There have been several fairly significant dumps for short periods over the last year. I don’t think this is a bubble at all, looks like genuine growth to me.
I personally don't consider this to be a bubble either, but looking at how the market has gone up more than 700% this year, I can somewhat understand why people consider it to be a bubble. Especially when it comes to those people who aren't exactly sure on how to look at the market, why it increased so much this year, what the impact is of more average people finding their way to this market, institutional capital (albeit on a very small scale), etc. Other than that, it's almost impossible to say where we'll find a short term top. People have been calling top even at the $3000 level this year, and the market kept rushing further. For that reason I am not going to call top anymore, because in a market like this, it holds no real value.
We are in a bubble. But the reason it doesn't feel like a bubble is that - as I said in the post above - monthly is the new weekly and weekly is the new daily. This is a long drawn out bubble. As BTC becomes less volatile as price rises it's bubbles smooth out. History IS repeating itself, just in slow motion.
Who says this is a bubble? There have been several fairly significant dumps for short periods over the last year. I don’t think this is a bubble at all, looks like genuine growth to me.
yes I believe also in that bitcoin is not a bubble ! there was no people behind this and bitcoin price was decided by the free market ! bitcoin market has been active for already years as long as the market become active there was no reason for it to dump and go back to $200 again Who says this is a bubble? There have been several fairly significant dumps for short periods over the last year. I don’t think this is a bubble at all, looks like genuine growth to me.
I personally don't consider this to be a bubble either, but looking at how the market has gone up more than 700% this year, I can somewhat understand why people consider it to be a bubble. Especially when it comes to those people who aren't exactly sure on how to look at the market, why it increased so much this year, what the impact is of more average people finding their way to this market, institutional capital (albeit on a very small scale), etc. Other than that, it's almost impossible to say where we'll find a short term top. People have been calling top even at the $3000 level this year, and the market kept rushing further. For that reason I am not going to call top anymore, because in a market like this, it holds no real value.
My advice:
Look at log charts, not linear charts.
Monthly is the new weekly, and weekly is the new daily. So when comparing to 2013, use those comparisons.
The first low to high was $1 - $1200. That was a 1200x rise. This low was $150 and is now $8000 which is about a 53x rise - so far.
So your indicators about 50-100k in 2 years are probably correct. We are currently in a bubble - Id compare it to April 2013. But this bubble is much slower - because monthly is the new weekly. We haven't reached fomo on this stage yet, although you can see some classic indicators - like corrections ending swiftly (look at the one last week) and weekly candles expanding.
If I had to guess, I'd take MasterLuc's projection of 15-25K on this fomo, with a second wave of fomo within 2 years that will extend us towards or over $100k.
If this is true, then I owe you a beer, when the bitcoin price will attain 100k.
Now I see what you are talking about. In my first post I was just asking if these 3 spikes from 2012, 2013 and 2014 will repeat themselves. Maybe I'll go to Bahamas not to MonteCarlo.
Who says this is a bubble? There have been several fairly significant dumps for short periods over the last year. I don’t think this is a bubble at all, looks like genuine growth to me.
There's no assurance that it will be stock or stop at some price. Because there's always a posibility that bitcoin price will go up and down. We cannot tell nor predict what can happen next so let just enjoy what is the present status of it today.
Agree we cant predict when.it will pump.or dumps but still if there are any good news about bitcoin then that is the time that it will be pumping but we dont know if what is the exact price of bitcoin or how the pumping end . We can only speculate
As much as I have seen the market. This cryptocurrency market never really repeats the past moves. Also right now we are in transition phase with bitcoin becoming popular at global level. Tons of news are coming everyday globally including companies adopting bitcoin, countries banning or legalizing it, investor's increased interest, pumps and dumps etc. These news are highly running the market. User base have increased multiple times since last year. Speculating the market on the basis of past actions won't be justified today. I think Bitcoin will remain bullish in 2018 past the $12k level as well.
Why not repeats? Bitcoin fell in price after each bifurcation. It seems to me that it is a pattern. If you take to analyse the short period that is really impossible to predict the behavior of bitcoin. But if you were to analyze a longer period for example 1 year you will see that in all races the bitcoin grows in value. This is a trend. The growth of popularity of bitcoin I think that the prices will continue to rise.Regarding what you are saying, yes after every ATH, bitcoin goes a dip. This is way to normal, any newbie can tell that and also Bitcoin is bullish, yes some serious demand is there.
I was definitely not talking about these signals.
I am talking about some unexpected trends that we saw recently like altcoin market suffering a huge drop period which is kind a new in the market, never happened before. Such a great pump being done by forked coin(BCH). We are now looking at some new price driving factors. Thus, we simply can't rely on history of the market action.
As much as I have seen the market. This cryptocurrency market never really repeats the past moves. Also right now we are in transition phase with bitcoin becoming popular at global level. Tons of news are coming everyday globally including companies adopting bitcoin, countries banning or legalizing it, investor's increased interest, pumps and dumps etc. These news are highly running the market. User base have increased multiple times since last year. Speculating the market on the basis of past actions won't be justified today. I think Bitcoin will remain bullish in 2018 past the $12k level as well.
Why not repeats? Bitcoin fell in price after each bifurcation. It seems to me that it is a pattern. If you take to analyse the short period that is really impossible to predict the behavior of bitcoin. But if you were to analyze a longer period for example 1 year you will see that in all races the bitcoin grows in value. This is a trend. The growth of popularity of bitcoin I think that the prices will continue to rise.
There's no assurance that it will be stock or stop at some price. Because there's always a posibility that bitcoin price will go up and down. We cannot tell nor predict what can happen next so let just enjoy what is the present status of it today.
As much as I have seen the market. This cryptocurrency market never really repeats the past moves. Also right now we are in transition phase with bitcoin becoming popular at global level. Tons of news are coming everyday globally including companies adopting bitcoin, countries banning or legalizing it, investor's increased interest, pumps and dumps etc. These news are highly running the market. User base have increased multiple times since last year. Speculating the market on the basis of past actions won't be justified today. I think Bitcoin will remain bullish in 2018 past the $12k level as well.
I think it may reach over 12K$ without we realize the increase in this year is really sharp,but I'm a person who does not understand the way a billionaire injects funds into BTC they have a good idea in investing.The indicator also shows an increase 2 year's then but it all depends on investors inject fresh funds well this is a very difficult answer in my opinion,we must keep the price stability and from now dump must be there but don't far to half the price recovering this will is hard to do it I think.
I'm a good trader. Usually I know when to sell and when to buy. I learned this the hard way, during more than 6-8 years of trading. I know to read the market indicators and I can have an educated guess on the price evolution.
But now I want YOUR opinion on this: each time the bitcoin price has gone up, it has increased 10-12 times (not more). The present price of the bitcoin is near this limit. Last time it increased up to 1100 USD (at the end of 2013), now we can expect that it will increase up to 10000-12000 USD.
The market indicators that I am reading tell me that IT IS POSSIBLE that the price of bitcoin will increase up to 50k-100k, in 2 years from now.
So I ask you, what is your educated trader opinion on this: will the bitcoin price go down after 10k-12k and will follow another bubble in 2 years, or will the price of bitcoin continue to rise past 12k steadily.
This is a tricky decisition to make, if I invest my November earnings in Bitcoin or not. Have a great day, and thank you for your help.
But now I want YOUR opinion on this: each time the bitcoin price has gone up, it has increased 10-12 times (not more). The present price of the bitcoin is near this limit. Last time it increased up to 1100 USD (at the end of 2013), now we can expect that it will increase up to 10000-12000 USD.
The market indicators that I am reading tell me that IT IS POSSIBLE that the price of bitcoin will increase up to 50k-100k, in 2 years from now.
So I ask you, what is your educated trader opinion on this: will the bitcoin price go down after 10k-12k and will follow another bubble in 2 years, or will the price of bitcoin continue to rise past 12k steadily.
This is a tricky decisition to make, if I invest my November earnings in Bitcoin or not. Have a great day, and thank you for your help.
My advice:
Look at log charts, not linear charts.
Monthly is the new weekly, and weekly is the new daily. So when comparing to 2013, use those comparisons.
The first low to high was $1 - $1200. That was a 1200x rise. This low was $150 and is now $8000 which is about a 53x rise - so far.
So your indicators about 50-100k in 2 years are probably correct. We are currently in a bubble - Id compare it to April 2013. But this bubble is much slower - because monthly is the new weekly. We haven't reached fomo on this stage yet, although you can see some classic indicators - like corrections ending swiftly (look at the one last week) and weekly candles expanding.
If I had to guess, I'd take MasterLuc's projection of 15-25K on this fomo, with a second wave of fomo within 2 years that will extend us towards or over $100k.
I'm a good trader. Usually I know when to sell and when to buy. I learned this the hard way, during more than 6-8 years of trading. I know to read the market indicators and I can have an educated guess on the price evolution.
But now I want YOUR opinion on this: each time the bitcoin price has gone up, it has increased 10-12 times (not more). The present price of the bitcoin is near this limit. Last time it increased up to 1100 USD (at the end of 2013), now we can expect that it will increase up to 10000-12000 USD.
The market indicators that I am reading tell me that IT IS POSSIBLE that the price of bitcoin will increase up to 50k-100k, in 2 years from now.
So I ask you, what is your educated trader opinion on this: will the bitcoin price go down after 10k-12k and will follow another bubble in 2 years, or will the price of bitcoin continue to rise past 12k steadily.
This is a tricky decisition to make, if I invest my November earnings in Bitcoin or not. Have a great day, and thank you for your help.
But now I want YOUR opinion on this: each time the bitcoin price has gone up, it has increased 10-12 times (not more). The present price of the bitcoin is near this limit. Last time it increased up to 1100 USD (at the end of 2013), now we can expect that it will increase up to 10000-12000 USD.
The market indicators that I am reading tell me that IT IS POSSIBLE that the price of bitcoin will increase up to 50k-100k, in 2 years from now.
So I ask you, what is your educated trader opinion on this: will the bitcoin price go down after 10k-12k and will follow another bubble in 2 years, or will the price of bitcoin continue to rise past 12k steadily.
This is a tricky decisition to make, if I invest my November earnings in Bitcoin or not. Have a great day, and thank you for your help.
Last time i thought the whole thing was going to pop was back at when bitcoin was $2500 and it went down to $1800 because of a panic dump caused by people dumping the coin, and others having to liqudita etheir long positions as a result.
Then, BTC obviously recovered, went up to like $4000 or so, stabilized there, and now we're here.
I do think that btc is going to pop eventually, however whether $10-12k is going to be the figure, we'll see. It'll be similar to the 2013 bubble if it does, since it is around a 10-20x gain before popping from the start of the year.
there is no bubble to want to stop or not and if by any chance there were any bubble, it has been burst multiple times when all these big drops happened. or maybe you missed the drop from $7800 to $5500 an back up again?
and i don't know where you get your 10-12 times from but in bitcoin the price is rising based on adoption and growth and that has not yet stopped, there are still "fresh money" coming in and that will continue to increase the price and expand the market.
now it is lots of exchanges each controlling nothing more than 10% of the market and lots of money coming from thousands of investors.
by the way 2013 rise was less than a 6x rise (still don't know where you got 10-12x from)
I'm a good trader.....
each time the bitcoin price has gone up, it has increased 10-12 times (not more).
the market is not a computer game to predict the next movement by looking at the pattern the "boss" had in his previous attacks each time the bitcoin price has gone up, it has increased 10-12 times (not more).
and i don't know where you get your 10-12 times from but in bitcoin the price is rising based on adoption and growth and that has not yet stopped, there are still "fresh money" coming in and that will continue to increase the price and expand the market.
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The present price of the bitcoin is near this limit. Last time it increased up to 1100 USD (at the end of 2013), now we can expect that it will increase up to 10000-12000 USD.
no it won't happen like this, the 2013 rise was a fake manipulation with no real buy support but fake orders all coming from 1 exchange controlling 80% of the market. now it is lots of exchanges each controlling nothing more than 10% of the market and lots of money coming from thousands of investors.
by the way 2013 rise was less than a 6x rise (still don't know where you got 10-12x from)
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The market indicators that I am reading tell me that IT IS POSSIBLE that the price of bitcoin will increase up to 50k-100k, in 2 years from now.
So I ask you, what is your educated trader opinion on this: will the bitcoin price go down after 10k-12k and will follow another bubble in 2 years, or will the price of bitcoin continue to rise past 12k steadily.
it will go up to 50K-100K and above but not because of what you said about the 12x rise thing and it won't be a bubble. So I ask you, what is your educated trader opinion on this: will the bitcoin price go down after 10k-12k and will follow another bubble in 2 years, or will the price of bitcoin continue to rise past 12k steadily.
The bubble will stop only when all countries will have low against Bitcoin to kill it.
As of now, they let us make some money so we have to benefit of this opportunity
As of now, they let us make some money so we have to benefit of this opportunity
I would not call it a bubble 100%,it does show some bubble like behaviour
but this "bubble" is bound to increase bitcoin's price continuously since the market saturation hasn't been reached
and the built in deflation mechanism and the limited supply makes it a rare commodity
analysts predict it go up to 100.000$ and more,also since there is a continuous demand for it,the price will break the records time after time
if it goes to 10k we will see 12k and more most definitely
but this "bubble" is bound to increase bitcoin's price continuously since the market saturation hasn't been reached
and the built in deflation mechanism and the limited supply makes it a rare commodity
analysts predict it go up to 100.000$ and more,also since there is a continuous demand for it,the price will break the records time after time
if it goes to 10k we will see 12k and more most definitely
It's important to factor in the possibility of CME being allowed to step into this market, which will allow hundreds of millions in fresh money to enter. If things go through this year, people will regret not having bought at current levels. That being said, if they aren't allowed to offer Bitcoin tied future trading, we potentially might be up for another dump. However, all this is assuming that the market is anticipating on an approval. If that's not the case, and this market extends its bull run through a large part of the next year without anything being an actual driver, there is not much to say about the short term top. It might be $12,000 as you said, but it could also be $15,000 and maybe even close to $20,000. It's impossible to calculate your risks properly.
I agree with this, if the bitcoin futures market is in fact launched there is going to be a lot of new money entering in bitcoin, this will create a massive interest in bitcoin and that could make the price of bitcoin to keep going up for the rest of the year and maybe for even a longer amount of time, but if it does not happen there is a possibility we get a crash, so at the end OP it is your call, I’m not a trader but a holder so I know that I’m going to keep holding regardless of what happens.Jump to: