Bitcoin Forum

I got in a couple of months after the 2013 bubble and I've waited for soooo long!

Should I put my two weeks notice in at work??

Not yet. It's a very strong rally. A bubble is when you wake up every morning for a few days in a row and say 'what the fuck?' when you check the price.

Perhaps there never will be another bubble like 2013. It would require a vast amount of money. Or perhaps that'll be like a drop in the ocean if enough people get excited enough.

I'm waiting for 2k weekly candles  ;D

What Bubble?  ;) ...... We have a steady climb upwards.... and we have been hanging above $1000 for a while now. Let's say the SEC approve the

ETF, then this bubble will grow much bigger... if you want to call it that.  ::) ....The estimated price per Bitcoin might jump to $3000+ if this

happens and you would kick your own ass, if you sold now.  ???

Nah, I think it's confidence and the ETF that are driving up the price to a new all time high today. We even broke through MtGox's all time high today! But everyone basically knows that the price can't continue to go up without the usual corrections and stagnant periods. I just hope we can finally maintain our position above the $1000 level for real now.

Bubbles are inevitable, we will be seeing a few big ones underway to mainstream. Enjoy the ride!

I expect the price to drop to around $1200 and then it will rise to $1500 again.

Forget profits for the current price today as it will increase more. There are lots of basis to believe on that even by technical or self explanatory thing. This isn't a bubble since it was not happen in an instant.

Im not that optimistic and believes that price will decrease thereafter but we are just preparing for another bubble form. I can't considered today's action as a bubble. We have a BIG ONE coming. Hold and hold and hold.

Compare the angle that goes from $85 to the $1163 peak then the angle that goes from $152 to the current ATH peak. You can do it yourself in bitcoinwisdom.com thanks to the nice lines it has. Now you will see that the current rise is very reasoanble and we are not still yet in bubble territory.

Bitcoin marketcap is still tiny, if real big pockets jump in we would see $10,000 in no time, then you can consider that a bubble.

Should i sell my mercedes benz s500 2007 to buy bitcoin ?

That's why it's important to see the ETF get approved this month. Big players are waiting for a professional platform that allows them to open up positions into Bitcoin.

Of course they don't actually own the coins if they buy themselves into the ETF, but that's most likely not a big deal for them as they only look for the security that the SEC provides them with.

Can you imagine seeing on the news that pension funds allocate 1 or 2% of their portfolio purely for Bitcoin? If things go well in that matter, then we'll even leave $10,000 far behind.

You can see that the price of bitcoin is increasing continuously and with constant rhythm and in the past we all have saw that this type of increase in price are not just a bubble but they are the real increase of the value of bitcoin so it will not go back the price of bitcoin will increase more high if continued like that.

It is all fucked up at the moment. Money exits from one currency, enters the other and so on. Look at dash, nvc, eth, btc; all are pumped like mad. It is like 2013 all over again. Even ltc woke up and have gotten its pump. Ltc was as dead as my shoes. Somebody is playing with cryptos and when he has his fun, we will go back where we were before.

If you own a Benz car then you could have purchased bitcoins without selling the car,hope you did win a lottery to own the car :D how pitty :P . I do think we could see a correction pretty soon and i will be happy to get the maximum profit out of the bubble.

Honestly, a drop to $1200 is nothing as we were at $1215 earlier today. Right now with the ETF date still ahead of us I think it's fairly safe to say that the price will continue to increase till March 11. With no positive news at that day the price might even drop far below $1100 where a test of the $1000 is still a realistic scenario. But in case we do get an approval at that day, then we might see the price break through $1400-$1500 at best. After that I prefer the market to calm down.

I don't see this time increasing as a bubble, isn't a fast movement, and there are real news like the ETF. And this time China exchanges aren't leading the increase movement.

This isn't even close to being a bubble yet. ETF approval could cause a bubble to begin forming though.

not yet, a bubble isn't something that you can see two time in a row so fast, i'm talking about the fact that this value was reached not long tiem ago before the dump from chinese exchange

we were at $1160, being at $1250 now, isn't much of a difference, a bubble at this point should go above $1500 at least or 2k to be called so

the steps we took to rise up to the current price doesn't show a bubble yet but the rise is a bit scary and not-so-common for bitcoin to keep on rising like this. if we break the $1300 resistance in the following days then i am going to start expecting a big correction on the way. but i still can not call it a bubble though.
it is mostly because of the ETF on the way and by 11th things will slow down.

If the bitcoin price rises with the number of users, there is no bubble.

I don't think so, the chance for the price of bitcoin to be a bubble is always there. but just waiting for the final decision on 11 march and it will give a definite answer for us and keep our eyes on the bitcoin charts.

It's a bull run so far,But not a bubble!
It took us 3 years to fully rehabilitate and to have some surplus from where we dropped in late 2013!
So if a bubble should happen, you will definitely recognise ist. Possible scenario would be an ETF approval which could push the price to $3000+ in a very short amount of time. This however could also be very dangerous and another post 2013 bear market wouldn't be unlikely.If the smart money decides to leave Bitcoin then you will again need to have a very long long breath!

the current price of bitcoin has increased very remarkable. in some exchange bitcoin be excellent by the trader. many people who own benefit. My prediction bitcoin prices will rise higher in the next few weeks. so, do the holding is a wise thing.

The price of bitcoin is the real one, because the fake volume issue is the one that made some unexpected fall. Now this time the growth is strong and moving without any distraction or dependence. So following week based on ETF we will experience the price bump and dump.

we are all waiting for this date and if bitcoin got accepted are we going to see more bubble or its really be accepted as a currency value
for this project, we can't assess until the final announcement has been inform we should keep positive and hope for the best. keep holding
and buying while we can still do.

It is indeed a bubble. If you can't see it you are blind.

Check this out:
https://i.imgur.com/nlafEJa.png

What do you see in this chart? It screams BUBBLE!!

We are on GOX v2.0

Bullshit. When mt got happened it was so opportunity quick. This has been a steady rise over 3 years. It's a completely different situation. It's not a bubble like mt gox but there is a lot of speculation going on because of the ETF that may come soon.

Complete bullshit. Why don't you zoom all the way out and show the actual history. Every bubble has been the same, the ath breaks and it goes up so fast it breaks necks. No bubble has ever not broken the previous all time highs. This "mini bubbles" are not bubbles just rallys. You clearly don't know bitcoin.

This is already zoomed all the way out noob. If you don't believe me try it yourself.

Sigh...

First think, then talk.

That's a simple step which can help you improving yourself a lot.

If i've drawn the line from the beginning, then it would make the bubble just bigger. Because according to that line, we should be at 400's by now.

The fact says that bitcoin is on fire right now but I'm still decide to hold most of my bits for $ 2k / btc
For who want to purchase bitcoin , I think it's not a good moment to invest , just wait a little longer

I sold everything, i see you all back at 11 march  :D

Lol, who has sold their bitcoin may ask someone else to kick their ass ;D.
I'm not so sure about ETF and I know this current rally because people speculate 'how if' SEC approve winklevoss ETF.
But how if they don't approve it? Then the price will crash again, I could feel it and we should be prepared to face another dump.
Only need one huge holders to cash out their investment and others will follow to panic sell again.

this was stupid if you want to ask me, it was better to buy until 10 march at least and then dump on the news if it was bad, but with your move, you are losing potential earning in this week, i really think it will increase more in the upcoming days

That's the point. Bitcoin is much more liquid now than in 2013. I think we will never see again the increase rates we had at some days in the first Bitcoin bubble. At the most volatile days we had upswings of almost 100% in one day! At the other hand, we had also the infamous April 10 crash with a ~60% decrease of the price in 24 hours.

These times are over, I think - and that's good (who wants 60% crashes in 24 hours? Only shorters and they are a small minority of the users.). 20% crashes are the worst case now, that gives us a little bit of tranquility.

And that's why I think we are seeing actually a bubble in the making, because 5% per day is not a sustainable pace. It is possible that it will end above $1000 or even above the old ATH of 1150-1250 USD. But it's also possible the peak is near. March 11 will be a good date to check the direction where the price will go.

Those are two separate questions OP's got there.  Should you quit your job?  I realize you're probably asking that as a jest, but hell yes if you can afford to, why not?

Now as to the bubble thing.  These prices have got me a bit scared, though it is SO tempting to buy some right now.  I mentioned this in another thread:  I just bought something online for bitcoin and shortly thereafter the price spiked.  I'm not spending bitcoin again.  That's just silliness.  Yeah, we are probably in a bubble, though I think 2013 was more extreme.  We'll see how long it takes to crash back down to earth.

Congrats on your decision on selling everything but what if the ETF is approved and the price would cross new borders.I do hope there will be a correction in near future but i am not sure how things will go because the Cameron and Tyler Winklevoss might influence some people,so it is really interesting to see how things will go but one thing is certain that Winklevoss brothers will make a huge amount even if the price swings both ways. :D

It has started boys.

Get away while you still can. Sub 1000 is incoming. I hope you weren't stupid enough to think that bitcoin will keep rising forever, ain't you? After i marked that 1271$ we saw 1160$. There is much more to come :)

Ill wave down at you when the rocket starts launching when ETF gets approved  ;D

I think for now that the next pump will,be the next bubble. For the past few weeks bitcoin have been stable at price ranges 1100-1260$ while going up and down showing good resistance and if this continues we will see yet another pump that will make a mark on bitcoins history just like 2013. It might not be that big of a pump but im sure that it will be new ath.

pff, it does not mean that it is not a pump if the number of the users is also growing, in my opinion right now we might be in a bubble as well and I wouldn't be surprised at all if the price starts dropping like in a week.

of course I wasn't thinking about it, I'm pretty old when it comes to bitcoin and I already know how everything works, but there were a lot of other believers who were buying at 1280 and now are dumping to get as small loss as possible...

+1200$ buyers are now thinking like;

 "WTF have i done?! i bought bitcoins from the all time highs! omg i should sell before the shit hits the fan, fuck meh!"  ;D

https://media.giphy.com/media/HUkOv6BNWc1HO/giphy.gif

I hate to tell you this but...

I told you so.

LOOOOOOOOOOOOOOOOOOOOOOOL.

How do you feel now guys? :D See you at 500$'s.

hoo hoo fckn yeah.

Did i say... I told you so? I guess i did.

https://i.imgur.com/JfWYjLa.png

Don't tell me that i didn't warn you. I did. If we are lucky, btc will make a come back from 900$. If not first target is 600$, second one is 500$.

There is no need to panic though. Evvvrything is going according to the plan.  8)