Bitcoin Forum

I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...

Of course we are in a bubble but some are making huge amounts of money on it - if they are in the right pump - I predict most altcoins prices will fall down pretty soon to correction price

My point is that digital currencies should make the world a bit better, but currently we're witnessing the opposite. People became arrogant, because they "made a lot of money from a given coin" and they don't care what happens next. Personally I have a good job and I can spare enough money from 1 salary to have a 2 week vacation in some (say) exotic country. I will be happy if I earn enough money (for example) to repair my apartment in my home town. People should be humble and contribute to digital currencies, because they are a way to create some extra wealth and many will have the chance to do things that they never thought are possible. But what we're seeing is how people only think about boats and bitches...

Now I do not expect correction, I expect explosion...

It's called greed...

Greed that will fuck us all. The DAO failure, which shrank the market with some $4 Billion in a week will look like a joke.

but why is this bubble just getting bigger and bigger. when will it pop? i am waiting for this since several weeks. and nothing happens.
do you have an idea when it will happen?

When nobody expects

The bubble cryers were mostly BTC maximalist when it was just ETH and Dash, but after a few coins that have some reason to grow had surges the market has now seen actual noobs just blindly entering coins tying to ride the next pump.

With the current model of using BTC to enter into altcoins, it is actually possible in theory for nobody to buy or sell BTC for fiat locking the BTC price up while everyone on the exchanges just raises the BTC demands for altcoins. The result is an inflated total cryptocurrency marketcap that will never actually see the equivalent in fiat. Technically with BTC as the entry to all alts it shouldn't be possible for the BTC market dominance to fall below 50% but this has wiggle room with some other coins being accessible by fiat now. This massive ICO explosion and random shitcoin pumping is creating a legitimate problem now. Everyone will watch all cryptocurrency take a hit and we will hopefully weed out the blind speculators buying into this without any care of effort into understanding what they bought

This already happened. BTC dominance currently is at all time low - 47%. Both ETH and Dash sucks... BIG time...

are we in a bubble though or at the start of mainstream waking up to crypto? hard to know.

I'm in a dilemma now since the if it's a bubble that would mean that the price is inflating over the bitcoins intrinsic value but as we know, in the past few weeks a lot has happened to bitcoin like Japan accepting bitcoin and Australia soon to do the same, huge exchange office in japan accepting bitcoin,etc... if the bubble doesn't burst in the next week or two, it might not at all at this quarter or the next.

This was expected (at least I did expected it). Last Summer I made a prediction that Bitcoin is going to reach $2k by this Summer. It already did and it happened earlier. But I still think that everything is happening so fast. Bitcoin's like 0.1% of world's money in circulation, which is INSANE...

We are in a bubble, but question is where. Are we at top? Or are we at start?   I think we are not at top. All crypto marketcap only doubled in last month. in November 2103 it went up x5 in one month.  So this is a big question. How long till bubble will burst.  If it will take months then we are still to see huge price grows.


But one thing is sure. 2019 will be 2014 again. Depressing year when price of all cryto will decrease and everyone will cry crypto scammed them.

Wondered when you'd crawl out the woodwork. You should be thoroughly ashamed of yourself for advising posters not to get into ETH when it was $7. They are now having to use their life savings to buy into the market at $150/ETH. I hope this is a clear warning to others not to listen to any of your advices now or in the future.

not now, because right now people are still investing in altcoins, but this will end. when things slow down and the rockets run out of fuel meaning when people didn't have enough money to pour in, the bubbles start popping and the problem is that when they do things become scary because we all have experienced what panic sells can do to any market.

Go ahead and ask Vitalik how much he "lost" by selling 25% of his ETH, Mindlesscache:

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

You are the one who always amazes me with his stupidity: https://bitcointalk.org/index.php?topic=1925921.0

Dollface is right. This is a bubble. But it's not necessarely the bad kind of bubble that 100% implodes. Fresh money getting poured into cryptocurrencies.

I think everyone agrees that ethereum since the end of february had alot of action and dragged alot of attention to itself and cryptos in general. Because if you wanna make a random joe understand what ethereum is, to make it easier you explain first something simple, like bitcoin. Therefore both bitcoin and ethereum benefited from that attention, and bitcoiners had more money to diversify into altcoins. Plus, other altcoins are growing because they are mostly ( 99% ) traded into btc, and since btc is growing, they are growing.

Also, since last year, but especially since 2017, bitcoin and ethereum have big investors from outside the cryptocurrency scene aswell.

Edit: LOl. A honest answer. Whatever X thing is worth today, tomorrow will worth more or less. Do you have regrets for that ? If so, you're an idiot.

Some cryptos may be in a bubble.

Others - not even close.

Compare something like Nxt (and its accelerating brother Ardor) to Litecoin. The former has 10 times more functions than LTC. Which one is more likely in a bubble? It's a no brainer.

I agree, the bubble might pop or it might morph into a smaller bubble!

Its hard to figure what is driving the rises but in my opinion there are justified
and unjustified rises. Unjustified like Dogecoin and Ripple, Justified like possibly
Litecoin, Bitcoin, Belacoin, Siacoin, Ethereum and Dash. These are just the ones that
I know of that actually offer something and that people will or are actually going to
use rather than just trading only.

You haven't read what i wrote ? I said that almost all altcoins are ~90% traded in btc only, so that's why every other altcoin gained alot in the past 3 months. I think only ethereum is traded "only" 50% in btc, every other coin is traded anywhere between 85-99% bitcoin.

One of the reason XRP gained is because of the FOMO and the fact that people actually believe XRP success is linked to ripple's success as a platform, which is false ( since ripple can work just as well without XRP ). Sad thing is, it's even written on ripple's site. And it's also written that they can freeze assets, they chose validators ( if they have to do that means the project is flawed, wouldn't work with public validators ). Proof of freeze http://insidebitcoins.com/news/not-so-decentralized-ripple-freezes-1m-in-user-funds/31862

Edit: @minecache was always right about ethereum. Even with the dao, the 60% lose in value after dao incident, he never changed his mind. And people like Dollface were screaming scam and what not. Dollface, you should apologise.

I was expecting you to show up here. I told you that I'll always beat you in this "game" and advised you not to attack me, but I guess you haven't learned these lessons. You and Mindlesscache (thought I do somehow believe you're same person) have something in common. Do you know what that is? You're both with 2 brain cells - one which allows you to breath, and one to spread bullshit here.

You are so humble you look down on anyone who wants to make money and do what they want with it? Not everyone talks boats and bitches..

Save your moralising, this isn't the forum for it. You seem like a slightly dull ascetic than actually moral. I mean how dare you go on an exotic holiday or have a good job and home when half the world is without these things? It's all relative.

Forget his pathetic grandiose moralising spartak_nt is the big man with the dodgy barber who goes around threatening posters who don't subscribe to his diatribe bullshits. He's actually cost other posters money by his disgusting dissuasions.

What I am and what I'm doing does not have negative impact in digital currencies. Pumping shitcoins and luring people into scams does. This is a forum were everyone is free to share his concerns. I have some lately and decided to share - that's it.

Like I did with the warning about DAO failure about a week before the attack or probably by exposing Razormind's 6k+ BTC scam to name a few? You are nothing but a stupid ETH cheerleader and every "discussion" with you may result in losing millions of brain cells, but fortunately I am one of the MANY people here who does not care what you say and I actually find your stupidity as entertaining.   

I'm working on a project - refurbishing chapel from 1838 - we were thinking about Kickstarter... Because there is so much money in the crypto space we are considering doing an https://astralship.org/ico

(Kickstarter is so 2012)

If you have expertise - or if you know a platform allowing us to launch ICO - that would be super helpful... There are some links on the Github wiki already - we are always investigating and searching for best options.

We may not neccessory been in bubble. Price rise maybe due to real increase in use and not only hype. But yeah, I agree there need to be usage which should justify coin price rather than trade. Cryptocurrencies need to come out of this exchange-investment-pump-dump web.

I don't think that the current spike in the BTC exchange rates is a bubble. It is having more than 10 million users, and the user base have been growing for the past many years. But the same can't be said about most of the altcoins. They don't have a large number of users.

Well, it should be a bubble, because increasing of users + more transactions = even more problems. I have a friend who has a transaction without a single confirmation for 2 weeks now. And we're talking about 0.08 BTC. Yeah, they are not $10 million, but still...

Well, maybe BTC is in a bubble.

But aren't more and more people becoming aware of cryptocurrency "investing" and "easy money"? With more people you have more idiots, so more people willing to blindly buy into the latest shitcoin just because of their own FOMO, which will extend the life of the bubble. What will it take to make it pop?

Everything is a bubble if you look at it one way or another.

Be careful.

Trade/Invest only what you can afford to lose.  If you are in big time, think about shaving tops on some positions. Do this until you re about or close to 100% no your initial investment and let the rest glide along.

It is this type of sensationalist topics or headlines that makes us, the people in crypto, miss on opportunities that we, crypto people, only have as of now.

We, crypto guys/gals, are the ones here on the blogs, reading about coins that do not exist out there. We are the ones spending hours reading about coin distribution, usage, etc.  We have the hand here to capitalize on our knowledge. We are the ones buying coins with real money in shady ways, shady exchanges, before these coins hit the outside.

$100 in ETH back in December now gives you $1200
$100 in XRP back in March now gives out $4200
...

Roll your coins over and take out your initial investment.

I think it isn't bubble and people are missing to take in right perspective all what is happening right now in altcoins markets. I honestly think this our evolutionary seamless migration towards digital era just like from metal money to paper money was decades ago. It is seems and gives impression like it is bubble but at least like many other people I don't think so.

how can you say that we are 100% in a bubble and not in a liquidity explosion? how can you deline the line between the two? i never seen a bubble like this, this is of course possible because more people, newbie probably get in now, if it was only a bubble it shoudl have popped already, real bubble are done buy whale and not blindly like this one, and they fade away quickly, now everything is pumped because more money are in, money that will not go away, if there is profit

Charlie Lee said it long time ago - digital currencies does not need gimmicks in order to succeed. They need usage. Yes, I know that more and more people are getting in and this probably can justify latest rise of Bitcoin and Ethereum. I'd say that Litecoin also deserve its price (and I believe it will go up even more), but thing is that Bitcoin's future is currently uncertain (giving the different camps of people who are up/against hard fork). Now is the time for unity, because 2013 - 2014 pump and dump will look like a joke. Probably a single negative news can make BTC to lose 25% of its value in a day.

It took me some time, but I'm getting the feeling that I'm starting to get the picture.  Yes, we're in a bubble, but all of crypto is designed to be in a permanent bubble.  In other words, most crypto, and bitcoin as first, is essentially purely designed to be a highly speculative asset, and its real-world usage is absolutely of no significance in its price setting in the distant future.  And the reason for that is simple: the emission curve.  

Bitcoin is based upon a somewhat doubtful theory called "sound money theory", of gold bug/Austrian school origin.  Now, the sound money doctrine is not totally ridiculous, on the condition that it is applied to:
1) the *existing*, sole, currency in the economy
2) came from "long ago".

In other words, gold.

The basic tenet of sound money doctrine is that the ultimate bad, is seigniorage: being able to create monetary value out of thin air.  For their proponents, this was OF COURSE a monopoly, because it didn't occur to them that private persons could emit arbitrary quantities of non-covered money, and this money getting any value.  If I print my own dollar bills, and I would emit them with nothing against it, sound logic would say that nobody would give a shit.  So if we want the state NOT to obtain "value for nothing" by seigniorage, we should adhere to a kind of money of which none can be produced: a collectible.

The problems with the corruption of seigniorage are so problematic by the proponents of sound money, that they want it not to be possible.

However, who says collectible, says price fluctuations.   Sound money doesn't have a stable price, because it depends on the economy it buys, and the spending mood of people.  So sound money is volatile.  As such, keeping sound money is speculative, and using sound money has a volatility risk.
 If one starts with collectibles of low value, moreover they become collector items with enormous speculative value.  If they are not exclusive money, they are not necessarily spend, and they will act more and more as "rare paintings", and less and less as "dollar bills".  This is why sound money doctrine is not "sound" if the currency under consideration doesn't have the currency monopoly.

This is in contrast to ideal money - of John Forbes Nash signature - that tries to keep its value as constant as possible, so that there cannot be any speculation, and there is no volatility risk: it is what makes money as a currency fluid.  An approximation is slightly inflationary or deflationary money, with predictable inflation or deflation: asymptotic ideal money.

Bitcoin and many alt coins adhere to some sound money doctrine, but baffle on top of that, the basic rule of no seigniorage.  Indeed, bitcoins had/have to be made, alt coins had/have to be made.  So they ARE created.  Usually they ARE created when their creation is really cheap.  And when adoption occurs, their creation rate diminishes, to vanish, or to become very small, in the future.
As such they have HUGE seigniorage (for the early adopters).  But on top of that, they start with low value, and they pretend to get higher monetary value, so they become precious collector's items of high speculative value.

In other words, most crypto are designed to become highly speculative collector's items, not at all connected to any usage.  One could even say that the *less* they are used (spent), the higher is their speculative value because the rarer they get.   This is, I think, what we are witnessing: the total decoupling of any "reality of usage" of crypto, and its full transformation in a big speculator's casino.

In fact, they are now abstract betting tokens on speculator's clearing houses: the exchanges.  The actual block chain, usage, or technology doesn't matter AT ALL.  This is like the complex derivatives games that financial institutions played until it blowed in their face in 2007.  I find it ironic, if you know what is in the genesis block of bitcoin, but crypto is now totally a speculator's bar.  And if speculators have a lot of money to gamble, this can go VERY VERY high.  Like the derivatives market.  And has nothing to do with any working block chain or whatever.  You only need a token on an exchange.

If the efficient market hypothesis holds, moreover, then it should be totally impossible to predict any long term behaviour of any coin (even though the total market may have a steady trend).  The more improbable the token, the higher it could climb.  It should be entirely random, if enough capital flows in, because any clearly predictable trend will be smoothed out by smart traders taking full advantage of it.

Word. I think this is not a bubble but more like a rapid increase which will stabilize rather than fall hard. Corrections will come for sure...

Dollface, be honest with us, but most importantly with yourself and acknowledge that you were wrong about ethereum. Are you capable of that ? I'll stop calling you dollface if you do that, it's just a honest thing to do. I don't like shitcoins either, but eth never was one. If your argument against it is "BUT DAO" or " OMG PREMINE" then there's no debate because that's stupid and you know it.

This is because the price of bitcoin is not the price of the token on the block chain that has problems, but is the price of the abstract IOU token on exchanges that work as speculative clearing houses.   It is very difficult right now to handle tokens on the block chain, but it is quite easy to buy IOU on exchanges, trade them and speculate on.

Look at the recent explosion of Bytecoin, and look at the VOLUME.  Bytecoin was essentially a dead coin of which the scammy origin was analysed long ago.

http://democats.org/charts/?name=bytecoin&type=transactions

Nobody is using it any more than before.  About 2000 transactions a day.

http://coinmarketcap.com/currencies/bytecoin-bcn/

Just an example.

Usage on the block chain has nothing to do with speculative value of the token on exchanges.

I also think we're going too fast. I would have preferred to see Bitcoin staying for some more time in the $ 1700-1750 range before another great surge. But it's not the end of the world, let's see what happens.

Oh my... reading your post is almost always difficult. :D Lighten up, call it bullshit (or agree) and that's it. :D I for one have a day off, a beer in front of me and extra 18 ANT for the past 30 mins or so. :) What do you think about joining FAIL as a spokesman? :D You seem like a straight up guy and you're not stupid (unlike mining1 and his girlfriend Mindlesscache). :)

I think it is not a bubble, but mass adaptation. I mean, it is still not mass, but it is getting there. So there might be some ups and downs, but the general trend is towards blockchain and that means that the blockchain project will be successful and their price will increase.

:) what mass adoption? with $8 BTC fees per transaction we won't see something like this soon

It's a bubble; who would buy long time dead coins just for adoption - it's just pure quick profit

There are some places in the world where people would be willing to pay more than that to get rid of inflation... But here I am talking about storage of value, not micropayments.

People go where there is money to be made, no mystery there.

But to say we're in a bubble just because blockchains are successful is like saying Google Adwords is in a bubble because advertisers keep bidding higher and higher for top position for their ads.

Where there is demand, prices will increase.

Well, bubble is in the crypto scene, just not in bitcoin / ethereum. Every other project/crypto out there currently is 99% dumb speculation. By dumb speculation i mean investment into projects that had and have 0 potential. Atleast some of bitcoin's speculation comes from outside investors as a hedge against fiat.

I think the general consensus is that yes, coins for which there is a higher demand are rising in price and market cap. However, shitcoins that there is absolutely no demand for are also making huge gains in price, sometimes much more significantly than the coins that actually provide value. So people think that, at some point in the near future, the altcoin market will crash, leaving only Bitcoin and a few others standing. That is at least the extreme interpretation of it.

I think this week is the last week for this bubble to enlarge, so in my estimation, next week the bubbles will shrink in the next few weeks, so I'm thinking how long bubbles will get bigger, even that could be. Larger than On now.

Check this chart to see how things grow

Things keep going


https://i.imgur.com/ZMij8Vr.png

Like it or not, Ethereum is probably the biggest bubble of them all.
1. It was supported by Polo whales for ages and its price had nothing to do with its current situation (I'm talking about the problems ETH had in the past, not sure now as I don't follow its progress and I don't care if it reach $10,000).
2. Crowdsales/funding based on Ethereum are insane. How did Aragon raised $25 Million in half an hour?

I already have standing bet there is no bubble yet with 1 guy. We are up 50% since that bet. BTC is in trouble if it can't update. Altcoins not bubble. Such steady increase is not indicative of bubble. This crypto market is still tiny under 100billion USD. Call me when marketcap is 700billion.

Why don't you see that much usage? When users are growing on a daily basis, don't you think you should consider media as well as many things that are happening in Bitcoin world that's attracting more and more potential users daily who are actively getting added to trading too? People who are already addicted to trading must be taking it as a chick that's giving a golden egg daily, and you think that we are in a bubble? I feel we are pumping slowly and yes, it will burst but not that hard that we used to see before.

Because the daily trade volume has increased ~x4-5 in few months and I don't believe we have x4-5 more users interested in Bitcoin or whatever...

Sure mate that we are in bubble but what I would tell ya.
There was a lot of projects that realy worked on something and was worth not much like NEM (30sat) price hover about 30-100 for year project was undervalued and noone gave really shit about it. Same went to BTC even if you look how many people were working aground BTC price was crashing and crashing all time. Then stopped and started rissing. Is hard to find fair value and say THIS is this price this is fair. Market allwas or overvalue price or undervalue that price.

Sad part is that many people will loose 90% capital in alts and many will loose some in BTC.
From all coins  only BTC is used and ETH for funding ICO.

Augur being valued at almost $200 million while still in Beta is fucking ludicrous.
Nothing makes sense in crypto right now. 90% of these coins are going to crash and burn.
Pick the 10% that make it and you might get rich, but most people are going to lose big time when the bubble pops.
90s- Dot com bubble
2000s- Housing bubble
2010s- Crypto bubble

hedge funds are looking for market to do PnD silver and gold are to big but crypto is unreguated and easy to move , next thing is that coinbase is reporting that they add 100 000 accouns every week...
I have waited to everything acc on Kraken for month becouse there were busy.
In best intrest for exchange is to give me opportunity to trade ASAP to me .
I will burn more via commission .
I believe many NEW people rushed this time to exchanges to.
There is bubble sure but we have many new people to.

My opinion is that it's our mindset.

Bitcoin at $2000 today seems reasonable to me, post-2014 has shown the way we want to go.

I think the current total market cap of cryptocurrency at $73 billion and $2 billion volume/24h is still quite small in the larger scheme.

We will all want things to grow a lot taller and deeper, don't you think? We are

we are far from dot.com numbers in $$$.
Pets.com got funding in 1998 in 260m$... (current 2 billions if we compare to gold price)
Pets.com and other dot.com-s burned ALL capital in year and went default.
Google was sold for 5m$ :D on bottom.

http://businessinsider.com.pl/international/one-of-the-kings-of-the-90s-dot-com-bubble-now-faces-20-years-in-prison/xh0xyz9

"Companies worth billions when they IPO'd went to zero. Good companies were dragged down with them: Cisco lost 86% of its market cap. Amazon stock fell from $107 to just $7. "

What is lesson when you spot bubble sell save capital and buy at bottom.
Our current ICOs are smal size dot.com bubbles they have even similar ideas.

These are mostly people who are looking for a way to earn some extra money. It's like googling for a way to make money over Internet - you have millions of searches, but it doesn't necessarily means ALL of these people are making money.


You're right... and you're not. Currently market cap of digital currencies is over 1% of the gold in existence. I won't call it small. :) But sure - there is much more space to grow!

but man look how capital/hard cash is burned on coins...
Doge last commit on github in 2015... Blackcoin same almost.
Other coins are being pumped without any good reason.

BTC as store of value and 1st deflationary money can be some exception and ETH as some kind platform.
But ETH is not working there is not POS/ there is no solution to blockchain bloat / ICOs are being made but they are not utilizing ETH environment . People need BTC to hedge against their governments in India/Japan printing press is making their jobs. Eth funds ICOs. But rest in real world what they are doing for their value ?

I like NEM but current 2 billion valuation is f. JOKE ....

Your point is? BC is one of my favorites (and one of my huge "failures" (as I made like 4 BTC profit from it in 2 weeks, but it later reached such heights, that I've "lost" over $100k in potential profit)). Banks are sometime using a 50+ year old code.

It's better tech than Ethereum and competition for Ripple, and frankly would make a great BTC replacement.  If those whales are worth 13 billion+, NEM is worth 5 billion at least.  2 billion is really nothing from a global economic perspective, heck neither is the current market cap of 72 billion.  Active development. New things coming out all the time. Catapult on the way.

GDP of china.... 11 trillion... japan... 4.5 trillion... the US... 17.95 trillion.. and don't get me started on government debt, particularly unfunded liabilities...  get a few more good exchanges like coinbase/GDAX, Gemini, and itbit that handle conversion to fiat and vice vera and it will only increase adoption rates, not to mention a replacement for bitcoin that can handle a LOT of transactions quickly for low fees.

The top 1% has a ton of money with limited places to put it.  Google and Apple could buy up all the cryptos with their cash on hand and have plenty left over.   If they are a digital store of wealth, makes sense they would sport a market that at least rivals that of gold... all the world's gold is worth $7,568,746,077,329 (7.56 trillion, or around 100X all the cryptos combined)

Big relatively untapped market here that could be a great investment vehicle for the right investors. The big challenge is the exchanges being able to adapt to not only the server load, but the changing landscape of the cryptos.  The potential is there for NEM to be THE coin that replaces bitcoin, when more exchanges cover it. This could happen quicker than people think. Landscape is changing quickly. Bitcoin is a dinosaur by modern crypto standards, to be respected for what it is of course.

The automotive industry is notorious for this. I've seen computers in factories that are twenty years old and cant be upgraded because of some weird dependency.
Manufacturers who paid big money for a custom software will run it until as long as possible.
If it ain't broke, don't fix it.

I've done this already. Was supporting a mining quarry and factory, which has machines for 100s of thousands and sometime millions. Some of them are, of course, attached to computers. This is one example (took this picture probably 2 years ago):

https://i.imgur.com/dEZJw35.jpg

This one (and like 3 others) was attached to a PC with a 700 MHz Duron CPU... The only difference was a port, which is a Siemens patent and the motherboard was like $1500. Bought few second hand computers for like $20 each, then found PCI cards with this port for ~$70-$80 and all was working again. :)   
   

Bubble? I don't think so. The whole altcoin market is still very, very small and no one can question its great potential. I think we are just watching a natural consequence of the current distrust in the fiat economic model and an increasing interest in the alternate coins.

This isnt a bubble, we are still the earliest of adopters. Golds market cap is over 110X larger than Crypto right now. Cryptocurrency is WAY more accessable than gold & has more potential than gold in general. Think about all the people living in 3rd world countries who currency can swing 20%+ in a day, Crypto is a much safer store of value for them... Cryptocurrency hasnt even been around since a US market crash, which will likely happen soon because they happen on average every 4-5 years and its been 8 straight years of growth. When the stock market crashes which is normal, Cryptocurrency is going to see 5Xs+ the growth we are seeing right now per day.

Also your average person doesnt even know what it is yet. When your average cab driver is talking about crypto then it maybe time to sell some coins off. Cryptocurrency is going to go to the trillions of dollars likely within the next 1-3 years. All the bubble people will be feeling like idiots in 1-2 years... Most investors & VCs are just beginning to look at this space, and their money hasnt even entered yet which it will...

Its not easy to move a lot of money into crypto fast, most exchanges dont accept USD. Coinbase has weekly limits which is holding lots of people I know back. So even the big dog investor could take a while to get all their money in.

Its obvious we are not in a bubble, we are simply the earliest of investors in a disruptive technology & new digital asset.

that attitude is gonna bite alot of people on the ass eventually. all reason has been lost when doge can go up 50% in a day. sometime reason will come back. question is whether that's soon or in a few months. if it's a few months then there's gonna be some very, very rich people.

Some shitcoins like dogecoins or dgb are in a bubble yeah, the real promising ones are not. At some point btc will go freaking up oke, doesnt mean its immidiatly a bubble and how about the dollar value going down ever thought of that.

I think it's over 1%, but that's not important. You think that something valued at ~1% of the gold in existence in ~8 years is tiny...?

I understand gold has been around forever, but Cryptocurrency is 100X more accessible than gold & there are so many factors which will continue to push this global market higher. Ive listed my reasons, to me its obvious this is the beginning. Time will tell who is right.

I'm not wrong and I'm not arguing, since last year I predicted BTC will reach $2k by this Summer, but I was also expecting some actions by core developers (and "hard fork supporters") to be made. But it looks like hard fork is probably inevitable and this can result in some huge financial losses.

not sure if it's inevitable, UASF is forcing miner to go with segwit, there are still hope to have segwit activated before the hard fork happen, if that will be true the value will increase even more than what we have now, and i don't understand why 1% of gold market should be considered a huge goal, crypto should be on par with gold if everything go well with bitcoin imho

definitely in a bubble, just not sure how big it gets and how far coins come down. ETH could pop right now and crash back to <90 or could go up to 500+ and crash down to 250. Long term its gonna go back up. I'm getting less and less comfortable throwing any more money in to stuff right now, might just save and wait for the pop and then double down

 The bubble crypto is in..is also the same bubble stocks are in. The fake one holding the entirely world economy together. Nothing has changed from 2008 so we are well doomed when/if it goes as the new burst will be a gigantic depression. non tangible things like alt coins dont do well during depressions.

If you're worried about the crash, hold in fiat and then buy everything you can when the crash happens but only purchase the coins that have strong dev team, strong road maps and real world applications.  It'll be a great buying opportunity when/if it happens.  The markets are cyclical and it will rise once again and you shall be richer for doing so.

The real question isn't about whether we're in a bubble, but rather, when and how much the bubble will pop. This year? 2019? Deflation or explosion?

The fact that there are significant happenings can partially justify Ethereum growth, but the sheer amount of speculation on almost everything else leads me to believe that this one will drop significantly, and quickly, especially with the number of "investors" entirely new to the space jumping in because they see bitcoin or whatever up 3x in a month.

Personally I don't care if Bitcoin is $1k or $10k as long as everything goes smoothly. Last year I already tried to predict it will reach $2000 by this Summer and it did. And I also think it will be in the $5 - $10k range by 2019, but it's just scary as we have major problems and such growth is not justified... But that's just my opinion...

What do you mean by a small coin market? There are 3 currencies with a so called 'large cap' in altcoin world. Bitcoin is 37, ethereum is 17 and ripple is 12 billion dollars. Together it makes 66 billion of marketcap I think if we add other coins here, we'll have around 70+ billion. I think this is a very big market indeed.
As for increase being natural, I would rather agree with the OP that it is quite sheaky and dangereous right now. There are big problems with bitcoin and other coins are now even really used. I hope people will start using coins (and there will appear more opportunities to do that) and we'll be saved. As for now, we are in a very big potential trouble. Coins are not designed to be stored in wallets. They ought to be functioning.

I think it's a bubble too. The price for everything has just gone up like crazy for a few months now. We're due for a drop.

you're thinking market caps. screw them. they're worthless. look at volumes instead. even then they're mainly just contained within poloniex and friends with no intention of ever leaving it. the whole thing is tiny if you compared it to real markets, just less tiny than before.

To all those replies that suggest we aren't in a bubble because the crypto market is small compared to multinational corporations or big countries need to get a reality check. There are loads of great projects out there yes but real world use is minimal and bitcoin wins hands down in that respect even though the alt market is now bigger than bitcoin.

The problem people justifiably have is how to do you price something you think will be a success at some point in the bubble and that's how bubbles get started. Another problem is the fact that markets can stay irrational for insane amounts of time so bubble naysayers will keep saying the bubble predictions are wrong until it finally pops. There is definitely an obvious bubble forming but there's no telling if it will pop soon or in the distant future and when it pops we could even end up still seeing a high valuation at its bottom as happened with bitcoins last bubble popping.

My point is its exciting times for the cryptoworld with lots of interesting development but don't be afraid to admit the bubble could pop at any time, if you really believe your coin is still good and its still cheap then just hold for long after the current bubble pops.

I am also surprised with Doge,... it is literally to the moon.

Market is increasing for (almost) every coins and it seems growing bigger. Is it real?

Yes, I also think like you, we are currently in a bubble but do not know when it will break, with a professional investor, they may think we are at the top of "Everest." For forex trading, earning 100-150% of the value of your assets in a year is a special thing!
But look here, within 2 months you can earn 5000% from XRP, 100 % From BTC and 300% from ETH ... actually this is a horrible number, count it to a higher value, you will see this number is not small.
I hope Cryptocurrencies will soon return to its true value, although I like the value of the present, but it does not feel safe at all - a frightening feeling to wake up every morning if  BTC prices or altcoins projects I invest fall down...

" [Insert Token Here] is a great project. If they follow the roadmap this will be great project! Price is cheap for [Insert Token here] so buy before it's too late!  ;)"

The shilling is strong in these [ANN] parts of town, seen this line many times. I'm sure there are people that invest/post don't even know what they actually invested in! Oh well right.. profit is profit I suppose, nothing wrong with that honestly. Remember though... UNREALIZED GAINS does not equal to REALIZED GAINS.

There's many houses built right now, but some are definitely built with STRAWS. When the Big Bad Wolf comes to town, better be quick to convert to BRICKS or else he'll HUFF and he'll PUFF and he'll BLOW your HOUSE in.

of course there's a bubble, but I believe it won't break until September

you are right ,the market is so crazy,
but all investor is crazy more to join the market
more and more ICO project is releasing ,
I am so fear

Ah ah ah

It's funny .. we do not know if it's a bubble or not ..

You are all right: it is a bubble and at the same time the beginning of adoption and a new market.

I think we are going to attend one of the biggest transfer of money in world history. Crypto Currencies is a new world. Not just companies with equity issues. It's money too. We are witnessing a new phenomenon, and analyzing the market of crypto coins with the look of the past is not a good thing.

This is why I will never sell my crypto currency for FIAT currencies.
I am not crazy.

By cons I will adjust my investments. 8)

But the market is still small, very small. The potential is enormous. Even if there is a significant correction or dump. I'd rather stay in the dance than go out. ;)

So what Alt is next ummm mm #HMQ Humaniq watch it money maker for sure

Yeah I agree. If we look at the potential of not only the alts but as a whole the crypto is having a great potential to growth, and the reason for why people come to the crypto while switching from the fiat is very common. Everyone using the fiat is sick and tired of the traditional system and the alts are the easy source to switch and people currently are doing it.

We know we are in a bubble in fact we are in many bubbles. If we knew when it will pop we had be rich at the moment:

- Crypto bubble
- Subprime auto loan bubble
- Big retail stores bubble
- Student debt bubble
- Real state bubble (prices rose higher than 2007)
- Stock market bubble (hype over Trump tax cut to companies vs Trump's scandals)
- Canadian mortgage bubble
- American ghost malls

The bubble will burst after the old ways of banking have changed (implementing block tech). The banking system has basically been the same since the Roman times. And think about it. Who wants to wait anymore when sending money? Blockchain technology will change that and it would be wise to not only invest in crypto but also those companies offering (enterprise) blockchain solutions. There are endless ways it could improve life in general, not only business really.

yeah there's a lot of money pumping into something thats mainly just promise at this point

When $100 invested in 2009 grows into $80 million in 2017, is that a bubble? Maybe a tiny bubble.

Undoubtedly, we're in a big bubble right now. Almost all top-volume crypto-currencies are in mega-sized bubbles.

Look at bitcoin, its at 2257 USD as I speak, look at ethereum, its at 165 USD.

Bitcoin does have potential to cross 2500 USD or even 3000 USD, but the time hasn't come yet. If bitcoin had this value in 2019, I'd not have called it a bubble. But currently, its a pure bubble and I'm now waiting for it to get popped up, we need to have some realistic price, somewhat like 1500 USD. Same situation goes with all the alt-coins.

Yes, I would agree that this is a type of bubble but as some said it doesn't have to be a bad bubble. Just like other currencies and business in the world, there has to be a major influx into the market to get a standard. And just like watching an individual currency using technical analysis, the entire market can be watched like that as well. It is important for the crypto market to be tested so that we know how strong it is and how heavily (or not) people rely on it.

Ever get tired of being dead wrong? Do you still think Amazon is a scam?

These are all just networks, man...
And Metcalfe's Law drove internet valuation and it's driving the Alt Boom...
Note that Alts with massive, superhighway connection potential like segwit/LN enabled and Ethereum ecosystem are exploding.

It is funny how things changes fast. all crypto gained x3 in last month. in November 2013 it gained x5. So we are close to top.

I really don't like the word, "coin". When people see coin, they associate it with money instantly. However, are they really money? No!

To me, each coin is a small share of different project. You buy or sell shares based on how each project performs, just like stocks.

People say these coins worth nothing, but they are actually shares of different projects.

What would you think if we called it bitshare?

If Bitcoin is in a bubble, surely this is just the beginning. Regarding altcoins, it's complete madness.

Well the potential profit loses are something you can’t blame any currency for it. What if we say that it is due to our own mistakes that we are not that able to judge the things properly in a good way which could benefit us the most and then we don’t accept our fault but blame something or someone other?

If everyone says we are in a bubble, where is that money coming from?

My tweet from earlier Today when I saw (almost) all altcoins raising in price: https://twitter.com/stefek99/status/867271655860699138

I guess it's the perfect time to revive this thread now :)

I hope it slows down a bit. Altcoins are finally feeling a strong bear effect. But I'm not sure how this will affect Bitcoin. Some people say that the money invested in alts can go back to Bitcoin. In this case we could witness a Bitcoin rise, or it would remain stable at the current levels.

Yes I agree if we are considering only 1% of the gold market as our goal, it is simply not a mistake but a blunder that we are doing to the crypto. It is like we are underestimating the crypto, with being having a clear idea that what actually the potential on the crypto is? We are doing injustice to the crypto.

bitcoin is definately a bubble because the central bankers have bought a bunch of it, to secure for themselves they would engage into an active war with bitcoins if they could get rid of it

Dude, I am pretty sure that there is not that many bankers purchasing Bitcoins lol.
If there were bankers purchasing Bitcoin then the price would be pretty much swinging wildly, we are not experiencing wild price movements like that right now. The price that we see right now is nothing compared to what’s going to happen

And it POPPPPEED!

https://farm3.staticflickr.com/2707/4379444249_a525a2136c_z.jpg?zz=1

So now it's time to fill your wallets  ;D

it's not a bubble, bitcoin is a very strong currency there is more demand now than in the past, the price is increasing, can't people accept the difference between an increase and a pump? and your logic behind bankers making investement on bitcoin and then you coem to the conclusion that this is a bubble doesn't make sense, because if bankers were investing in bitcoin, we would not have any crash and the value would be higher

Not yet..it will still go lower

yes, it will go lower. a lot lower i think. people are panic selling and this will cause more panic selling and this will lower the price.

Not sure about central bankers, but seems that some wolfs of wall stret or somebody like that are ruling the price now... really a rollercoaster ride  ;D

bubble popped, its shorting season  

but probably a short one ))

All of the crypto are bubble yesterday but look all of them already burst. More whale already accumulated to buy more on the dip price of the bubble burst. But whare are you hear the banker try to buy bitcoin? can you give me a reliable link for that? Because you say that the banker try to making investment on bitcoin

It's too early to say the bubble will pop. IMO this round of bull market will be much longer than 2013.

My suggestion is most of you ICO millionaires to start recalculating how much $ (or euro, or whatever) you raised in your "projects".

ETH-ICOs now bring the ETH price down. because they all need to sell to collected ETH before the other ICOs do the same....

Do read this: https://pastebin.com/ZUxTmR99

I don't think this is the main reason, but who knows. I don't even follow ICOs and I don't know how much money were raised so far to have a clear idea on the impact, which dump could cause.


Agreed with most of this and I'm basically "believer" (i.e. I do think that Bitcoin is going much higher), but there's a lot of uncertainty, caused by all these greedy *******...

With BITCOIN everethin ok. Trust me.
This BITCOIN survive everything on hes way

I think we're in a bubble right now not in a bitcoin but a ethereum bubble, almost all of the altcoins value right now has atleast 10 percent of dip while the price of bitcoin is steady at $2,500.

This is the time for ETH to make or break it for the people who already invested to their ICO's

so what do you think where ETH will get support? seems to be hanging around 280 for a while now

I agree with your opinion it is true bitcoin will survive from everything and will also make a happy future if you can keep up to be in a bubble because of high prices and get great benefits. I believe with it

How low do you guys think BTC and ETH will go this dip?

$250-260 will be the support for ETH imo. just like the last dip

We were exactly in a bubble. The question is are we already in a bubble? I think we are getting the answers in few weeks..

Bubble or no bubble, it doesn't matter. Just use the opportunities and make timely decisions to get profit and benefits.

Of course anyone can profit from volatility; however, there is some ways to consider whether profiting more in terms of the future direction of an asset and if you should buy more as the price goes down or wait.

With bitcoin I have no problem buying more as the price goes down, because I have confidence in it in the long term.

With ETH and other coins, I lack confidence, but that is just me, and I know that some people will buy and stop the collapse of the alts, at some point we will be at bottom, but the question is when and how far.

You're wrong. Again.  The current market cap is $100 billion. This market could EASILY go up to $1 trillion. Apple ALONE is around $800 billion.

Is this the favorite word of the current society?? "Bubble, bubble, bubble". WTF?? The US stock market has been in a "bubble" for 11 years!! All things are relative! Stop the knee jerk chicken little crap. IT's a MARKET!! They fluctuate!! Too many amateurs in this space mounting soap boxes and claiming legitimacy. It is what it is.

You seem to be coming out swinging, newbie.

There is not really any way that I can be wrong, because I am just giving a perspective and my opinion about my own approach to the matter of trading and protecting my investment by trading.

I agree with you that the market cap of the whole space can go up, but if we want to attempt to profit from volatility in our own investments, we have to prepare ourselves for both up and down and do our best to play that part.  Actually probably one of the most certain aspects of any cryptos is that they are very volatile and not likely to shoot directly up or down, and therefore, there tend to be a lot of opportunities to profit from those ups and downs.



Another newbie coming out swinging.

You are probably correct that this term bubble has begun to be overused in cryptolandia, but still attempt to take the matter in context rather than getting all worked up about the matter and attempting to describe everyone else as wrong.

We have opinions too, and yes people can understand appreciate other perspectives including perspectives that exuberance can last a long time in a market - but that does not mean that we using the word "bubble" is not accurately describing the situation, especially if we attempt to consider the context in which such word is used.

And what was the point of your first post here (or... wait... you are A PRO trader who knows EVERYTHING about market of digital currencies, but you just don't want to use your real nickname?)??? IT'S a FORUM! Everyone is entitled to their opinion!

I don't know if it's right as ether is crashing like all other cryptocurrencies, BTC seems to be still the leader.

I've seen some people some days ago here saying the price is too stable, a crash is coming : good job guys  :P I hope you took the opportunity you saw.

We will see what happens. Everyone is pulling their money off the exchanges in fear of what could happen. So the marketcap is going to continue to drop until segwit kicks in.

Yes i agree, and its funny how there seems to.
Be a period of relative stability in the values.
Of some of the top coins currently

At final is money behind so every day its a chance to get more .

Check the market price 1 week after your comment now. The market grown again and it didn't collapse against segwit difficulties. It recovered itself very easily.

no where near a bubble of dire proportions yet. there will be many corrections and people will always scream bubble

You were right about the price drop but it turns out that the price recovered quickly before that date,then I think we can conclude that it was not a bubble right? maybe the price can maintain itself thus reflecting that there is a lot of confidence,from another perspective i think that the word bubble no longer fits very well with BTC especially since it is continuously supported and updated by the devs and the community,so market behavior obeys to the number of situations that happen day by day in a very variable environment.

Ok, when the market after 1 week if countinue bearish trend, I will go to this thread and laughing your guess, because not anyone can sure their guess the happens in future become true 100%. If can do that they are become to Billionaire Dollar and not need share to people at here ;)

Recently bought in this store, asic-minerworld.com. The quality is just super, the sellers are polite, they explain everything. I advise everyone to shop asic-minerworld.com

that is correct. we are in a big bubble since all altcoins have a great price right now. However, do not be afraid anymore because some recent crashes have reset every back to normal. well, hope that the prices will not go down anymore since we all want profit, right?

Of course like no one can really tell and things happen when nobody expect it.

Yes maybe this is a bubble and it really suddens me. But if not  its a good sign before the correction.

These kind of bubble can last forever  :)
Crypto currencys have too small stake in world economy, imposible to see in statitic, more like statistic error :)
But in future that will change, and such big money enter in crypto will make early investitors (all of us here with coins)
almost all of us rich ;)

What do you think now?

I'm sure he thinks " Bigger Bubble" LMAO!!

I don't think so that bitcoin is a bubble. Bitcoin has been widely accepted in some parts of the country, making its price so high and its just starting. Bitcoin is first used 8-9 years ago and it got its price at around 15k$ already.

Definitely getting into the bubble stage. But does it matter much? Due to the crypto nature, it's not gonna go boom boom like a regular financial market. I would even suggest it might be a good thing since it provokes more projects, currencies and ideas to develop in a more sophisticated and trustworthy way.

This:
https://i.imgur.com/InrD2jQ.png
Looks like bubble and according to survey taken here https://lendedu.com/blog/investing-in-bitcoin it can go up to $200K.
I am not sure what to think.  :-\

I still know that ethereum will eventually overtake bitcoin and bitcoin will crash.  Bitcoin is not a good crypto its mostly just hype.  Being the first does not mean the best.  We saw what happened to myspace.

Maybe it is just the start of the "bubble". We don't know when it will end and if the bubble is going to end.

This guy should repeat his words again.
Too much negative thoughts and panic atm. Even the server of this forums are too heavy loaded.

Alts used to start correcting twice the past 24 hours for a short 1-2 hours period but it gets interrupted and reloops everytime btc increases but in the meantime also the market cap increases big.
Never seen such big marketcap increase in a short time. Total Market Cap: $416.671.065.038
from around around 360 billion till now, 416 billion the alts had no change to correct themself properly.

At some point BTC has to go sideways and lets hope that it is not bellow the 360 billion market cap everything above is profit.

Have faith!

Actually you are right in these days a lot of people are interested with bitcoin and ethereum like people who don't know anything about crypto world. People are asking me how can i mine, invest etc. I am also thinking that it is a Bubble but like a bubble inside a bubble if it blows it wont gone forever stil can stand

This is now the bitcoin bubble, alt bubble popped.

Yeah, to be honest those exact thoughts have crossed my mind as well. The transactions per second rate is awful for BTC, and the extreme fees and slow confirmation times don't make it seem much like a currency at all. It's not suited for everyday practical use. I think most people are looking at BTC like they do gold. As an asset that they can just hold and liquidize at any time they choose. Like I've said before though, the next two years will be huge for BTC and cryptocurrencies in general.

btc has no value if its not a good currency, its not like gold at all.  You can't just create more gold, you can create millions of cryptocurrencies.  This is why i think bitcoin will crash and thing superior cryptos like ethereum will take its place.

I could not argue for more on the things you are saying on here which is actually right. Seeing on the current situation of bitcoin it cant really be considered or good to make it use as a currency because of the things that do prevent to consider it as one. Slow confirmations+High fees which would really be a bad disqualification in direct speaking.Back in the past I haven't even think off on this thing regarding that Bitcoin is a bubble but basing on its current movement it turns out that it is already on that state.

We sure are in a bubble, this incredible price rise. Especially these last 2 days. It must have something to do with the launch of bitcoin futures. Of course this bubble started with the growing demand, as more people in more countries saw the possibilities to make a gain. As the financial institutes realized this is a new way, a new product, to make money with. When the price started to rise early this year, Bitcoin became a hype and literally everyone wanted to get their share. Now the price is over 15K, it's a matter of days that we'll see the bubble burst.

What about today and now? They have been calling bubble all year and nothing has happened yet despite the unconfirmed transactions has gone up and bitcoin has gone up astronomically. I think this is setup for a correction or a big crash whatever you prefer but it is going to happen. Not a matter of if it is now a matter of when in my opinion.

bitcoin is more a reserve of value than a coin now.
People don't want to spend btc to buy coffe at starbucks.
Hal Finney (one of the bitcoin's creators) said that this day would come.
In another words, you can't measure btc price by its number os transactions anymore.

Market bubbles appear when an asset raises its price too high and people are unaware of its value. This is happening with bitcoin, but currently the market is slowly accepting its value and investing more in bitcoin, you can see this as the bitcoin trading volume is increasing hour by hour.

I don't call Bitcoins price a bubble. There is a lot of real money being placed into Bitcoin exchanges.
Altcoins are in a crypto bubble.

I got scared when i read this. I am 2 bitcon and some altcoin owner and i can't feel happy about this increase.. I feel that one day i wake up and the whole market has gone.. Someone making some serious(!) money right now. I hope we never loose our money..

Bubble finna pop up in this motherfucker.

SAme here. I have never felt so scared / worried about making gain on current investment holdings....

Bitcoin maximum price is unknown. So i think it is not really a bubble. The graphic may seems a bubble. But when people say that Bitcoin may attain $100'000 or $500'000, it means that there is still a lot of time before bitcoin reach thoses values and also that people believe that thoses prices can be reached by bitcoin. So don't be afraid and just watch the price increase. The demand of bitcoin is bigger than people selling it. It may become a problem if there is more sellers than buyers but it is not the actual case for bitcoin.

My altcoins sagged significantly, 15-25%. I do not know whether they will return to the previous course or not. :(

Yes, I have some same point of views with you. It is dangerous when investing in Cryptocurrency now because we don't know its real value. However, I think that we don't take care about "use" of coins. Crypto market like the Stock market, the price depends on the value of the effect of the company. So, we should focus on the effect of the project which releases the coin.

I know bitcoins since 2015, But i started investing since 2017 when bitcoin is around $1200 USD. Since 2017 June i am hearing that IT IS A BUBBLE it will explode soon. But when ?

Now BITCOIN reached to $18000 USD.

Only when there is an explosion of this bubble then it will be scary. And now people do not think about such a development of events, so they have a fog before their eyes.

Sooner or later this will be true, you just missed it by a longshot.

Sure we are. But when it bursts and dust settles down, it'll still be higher than current all time high.

Ofcourse we are in a bubble and it is a bit scary the lightning speed of Bitcoin. What we have to do is to make sure that if the bubble explodes we land safely.

are there any predictions when the bubble is going to break??

i see that theres a chart that created by someone before that says were now on the bubble phase and it will  gonna break in a few days but that was before and why does bitcoin is still alive and kicking?  i guess those news that claims bitcoin is a bubble are totally hoax because its imposible for bitcoin to break or pop due to the demand that it gets from the public. bitcoin is verry useful and not just because it can be profitable but also it can be a big help to our country or community if bitcoin was used as a payment medium next to fiats.

I agree with that bubble idea however We are not close to burst, I think every little decrease in the prices of coins will lead to bigger pumps untill ??**

Whilst I don't think the bubble will burst until we hit a few trillion, at the current rate of growth we will hit that in March, which is astounding growth.

When that happens, you want all your money in the Alts that have a solid product and company behind them (The same way Amazon and Google did with the .com bubble)