Bitcoin Forum

What's your odds that we will face much more strong correction for the whole market in a very near future?

Altcoins are in a fake(artificial) bubble, if you look at their prices you'll see how they are being manipulated, LTC,ETH,IOTA,ETC,Stellar,DASH, etc.

Bitcoin was a bubble until it wasn't, it was a joke at the beginning but not any more, now even if you try to mine it you'll find out how difficult

It will become, so even if it was a bubble now it's not, I don't know how could anyone consider this as bubble while everything from supply and

Exact time of blocks being found is set in stone and it's in the code, bubbles form when there is uncertainty and unknown source of supply.

The odds that we will face a much more stronger correction for the whole market in a very near future lets say about a week is so low because bitcoin is not in a bubble anyway right now, the price rise is caused mainly by mass adoption. If there were to be a strong correction, I guess it might happen a month or two from now but im sure we will see one if the consensus on bitcoin scaling made by August 1, 2017 is not good.

I seperate this into 3 category.

1-Bitcoin side
2-Altcoin side
3-ICO side

For bitcoin, it is not a bubble anymore. It's for real.

For altcoins, it's a relatively bubble. For ethereum, it's not a bubble.

For ICO, this the biggest bubble you can ever see. All of the ICOs, even garbage ones, are getting around 3-4 million dollars. This is just crazy.

Bitcoin and the altcoins you mentioned could all be in a bubble. I would guess that they likely are and that a correction will eventually occur. But it's possible that some of these coins could just keep rising. It's probably a good idea to diversify or to sell some and wait for a correction.

The odds that we get a strong correction soon are high.

The odds that we don't are high (meaning we are not in a bubble).

Almost all altcoins are in huge bubbles and are constantly being manipulated. Bitcoins are speculative too but at least you know you're behind something solid with brilliant minds coming up with solutions.

99% of these terms such as bubble are a shaky definition at best. if you read more about each of them you can see there is always a lot of ifs and buts and never a clear things saying "if this then it is bubble." by definition a bubble is when the price strongly exceeds the asset's intrinsic value. but the problem is defining the "intrinsic value" now.

what is this value, for bitcoin is it $10, is it $2000 or is it $10,000?
for altcoins the same.

but the thing to remember is to look from where the price or that value comes from. sometimes it is coming from real utilities such as merchant adoption of bitcoin, and sometimes it comes from pure speculation like most altcoins and most of the time it is simply pump. in the last case it is obviously a bubble and it will drop and these drops are fast and clear.
in the second case since the bubble in not a clear thing, it will take time to burst and because people don't believe it, they still buy in and slow it down. but it is inevitable.  and this usually can be seen on the charts with an over all dip with dead cat bounces.
the first case is usually a big rise followed by a big drop (correction) and then stable price with no further drops. this is what i see on bitcoin charts for now.

unexpected events such as a chain split or any other incidents such as exchanges getting hacked, running away, ... or simple FUD does not count towards the dips.

I've given this a lot of thought. And without a doubt I believe the odds are 13:13. I've done all the calculations, made all the assumptions.

An equally good question is, what direction do you want the market to turn? And what will you do as a result of that direction?

If the market goes down, will you buy into it or sell off?

We're in a bubble where nobody has a perfect side of market. They're acting like blind or they're really blind. I don't know but this is very dangerous. The bubble will pop up and it will be pitty.

Yes we are in a bubble right now and i thought it will last the bubbles will start by next few months, but something has been happened that it quickly change the outcome of the rate of bitcoin. I hope the bubble will still last for a few more months or even last for a year (this year), since a lots of countries is already accepting bitcoin in their countries.

No the current price movement is not really a bubble. People interpret it as an bubble just because it was to reach $3000 and decreased unfortunately and now growing in a stabilized manner. This confirms that ongoing price increase is normal and their is nothing as a bubble.

I don't think that we are in a bubble because if we are in the bubble then the price will just collapse and a lot of people now are not comfortable with their holdings. Cryptocurrencies in the top 10 of coinmarketcap are not bubble because they work hard on their project or updates for that place and we all know that they are all decentralized so there is no control that can be able to happen and they are all just basing in the demand of the users that will add more market capitalization and will boost their rank.

Bubbles don't burst immediately. They take time to expand and one day when you least expect it, the bubble pops. It is impossible to say when.
So the fact that the market hasn't collapsed yet doesn't indicate that we don't have a bubble.

LOL basically you must do more research about the correction in the future, and i will believe we will be facing the big correction before the UASF will be happening in august and those are trying to cash out or move the money to another portfolio.

Define strong correction. I think a correction towards 70% of Bitcoins current value may be quite likely, but I don't see 2013 level of corrections coming any time soon. Unless that whole UASF / HF / Segwit thing goes awry, that is.

Depends on the consequences of forks etc, altcoins will likely shift to be priced relative to the forked coins value etc.
As of now Altcoins are all in a bubble but that is only until the industry catches up to that and builds infrastructure and utility and fundamental usage.
So a building stage more or less.
Near future I can see it happening or taking a while longer.