Bitcoin Forum

So folks, I entered the crypto-sphere 1 yr ago last Jan not long before a 3 month bull run on the markets not unsimilar to this one before it all crashed and burned a few months later which im wondering whether this run is following the same path?

Any more experienced folks have any input on the matter?

Thanks

The crypto industry has long passed this phase of whether it is a bubble or not. Every close watcher of this industry knows that cryptocurrency has come to stay and it is subject to the dynamics of supply and demand. Therefore, price fluctuations, either uptrend or downtrend, are highly welcomed.

Yes, is the beginning of the "golden age" for crypto, but it is also a bubble, just like the universe is bubble that expands, and then it will probably burst. But entering the crypto and seeing how it expands, I remain among those who will be inside the bubble.

Hello author! I think that it is mix of belief, bubble and real currency! So every person can decide for itself what they think about this! Many  people are believers  another are atheists or agnostics! I think in cryptocurrency world we can find 3 main general groups
1. Strict believers in crypto
2. Those who thing that it is a bubble and soon it crush
3. No matter what here going on but they watch up and little bit neutral
etc

neither
we are not in a bubble, crypto is only getting started.
blockchain technology is only getting started and there are things which have yest to be played out,
meaning everything that currently crypto is not, regulation and traceability.
its not new money either because we still need fiat to use everyday and most people are treating crypto as a get rich quick scheme.

It's probably a bubble, but it's not going to burst yet. Big name investors are pumping millions in Bitcoin. The price was slowing down in December, but is now going up in a steady pace. Investors will not put their money in a bubble that will burst soon. It will burst when they've cashed out. The mainstream will be the losers.

My only fear for the coming years is on how governments are going to approach this subject, only very recently have they started to take the crypto world seriously. I don't see anything stopping them from creating a fiat equivalent currency supported by the block-chain and declaring every single other currency illegal for trading on said country(coins used in supporting internal systems could still be used, just not traded). Please somebody tell me if there's any kind of system in place to prevent this, i'm completely unaware if it exists

several altcoins are in a bubble, but for me is just new money coming in. Looking al all this shitcoins beenig pumped , it gotta be new money coming in, looking for x5, x10, x100 returns. And so does the bubble start :)

Golden age probably. Things are just beginning to ramp up with new projects popping up everywhere leading us to new technologies and innovative ways of using the blockchain technology. But we'll just have to be careful as there are others who try to use the same as ways to scam people.

the bubble will burst like it already did several times

the market will recover and come back even stronger

at some point theres always a support level and the new run begins

I think that now is a good chance to make money on altcoins, I think it's actual for several weeks, and then surely bitcoin will grow

Almost all bull runs are followed by a correction or even a bear market, what we experienced in early 2017 was not anything close to what it will be like if a bubble bursts. There will surely be a correction in the alt market but you'll still be in a good position even if you don't manage to sell near to the top.

thanks to all for the replies it makes for an interesting read

IMO. the upswing in price is caused by the new money chasing after whatever they can, which in turn leads to the market exploding, which means its either a bubble forming or the start of a new age in currency (hope its the latter ha)

cheers all

It goes in cycles. There should be a big drop. But at the same time is the world adapting quite fast to crypto so it's difficult to see how long the bull race lasts.

That there statement sums up my feelings totally, i KNOW there should be a plummet in the market, BUT will there cos of the new income stream?

No, its not a bubble there's a season for bull run and it happens already which i believe it will last until Q2 this year and will drop to a bearish.. just hold more and make more bitcoin goodluck.

It's new money entering the cryptospace. Bitcoin hitting 18000 dollars was all the awareness and publicity needed. One trillion market will be the next revolution. Nobody can stop it now. China tried they failed. A host of other countries tried. No luck there. So it's all about joining the train now or get left behind

yeah i like ure sentiment, hope it rings true bud

Golden Age at the moment - I can't buy any hardware wallets for the RRP anywhere online - basically sold out or overpriced. In my area which is a big city there are no AMD 580's or Vega's for sale because miners have cleaned them out. I have been through this before when Bitcoin started to become popular so I know it will slow down again soon even with the array of new Crypto's popping up so regularly now.

I'm hyper-bullish on the whole crypto-currency market, both BTC AND altcoins.

I think what were seeing these days is a combination of whales moving their winnings from the latest bull run in BTC into the altcoins market in order to facilitate the next bull cycle in alts, but at the same time the average retail investors that woke up to the insane gains of BTC are getting their eyes opened to the potential of the many great altcoin projects just waiting to go parabolic.

This will create the perfect storm in 2018 for the whole crypto-currency market and I believe we will see alts doing 'a BTC' this spring.

Then, once everyone is starting to shop for lambos with their newly minted millions from altcoins, it will be time to cash out of alts and move back into BTC once again for the next push towards 100,000$ per btc.

This is what a NEW bull market feels like! Try to make 2-500% in a week in the stock market and let me know how a dying bull feels..

Making 2-500% a week in the stock market was perfectly reasonable in the dotcom boom of the late 1990's. Actually, it was quite normal and many people became overnight millionairs just like we're seeing in crypto today.

Now, I do think crypto is going to be even bigger than the dotcom boom, but it won't happen until the infrastructure for it is far more developed than it is now because most people simply can't get past how to even buy Bitcoin let alone anything more complicated.

I have been watching this crypto era for almost 2years and I am just gonna say its not a bubble or anything hyped up by peoples, its here to stay.
and the era is just started.

 I value your experienced opinion bud and thats my gut feeling, just scared to totally believe it i think!!

The word bubble is misleading. The growth is staggering and it will continue until it reaches its peak, collapse and the cycle will continue - rinse,wash,repeat. I don't feel like the market cap has reached its full potential yet but when it does expect a crash followed by some new ATH. Mass adoption will be literally just a few years away once certain economic, social, and legal barriers become obsolete.

Well, i think thats new money involve from new customer or bitcoiner so the market is very high cap.
I think its not a bubble anymore because bitcoin has proven it and stay stable now.

It is a new money but with a feature of investment that is why I can see that this cryptos will dominate the future, having many ICOs today makes it prove that businessmen sees a lot of potential in this market.

I see people talking a lot about cryptocurrency and especially Bitcoin, because they only know Bitcoins in more than 2000 crypto are in the market, and the crowd mentality is influenced by a lot of negative news about Bitcoin that makes Everyone who has a bad idea about cryptocurrency, they say it is a bubble, will explode at any time, investing in it will not be long term. But that's just a one-sided look, I see it as an opportunity for you to study and learn about crypto to make a profit from it.

For  my own opinion i think crypto space is at an early stage. the market is not going to pop now because we just got started. sooner or later or maybe 2 to 3 years from now a major bubble will happen. This is because there is no one regulates the ICO for new altcoins.

It's a new money for sure, how come it's just a bubble if you see a lot of people want to invest in this kind of thing i mean the support should always comes from the people not by an institution or a government because people matters.

Golden age for crypto I suppose. It is not money yet, though who knows, in the future it might replace money, but a lot of things should be changed before that.

A bubble is called like that because it means it's growing and is still full of air.
Crypto is not really a bubble because it's making grow some interesting projects, some of them backed up by governments, banks, or institutions.
The technology is new, so people don't see what is the aim of it, and what is behind it.
THey mainly call it bubble because there is no physical money involved, so they can't see it, and think it is fake money.
It is as real money as the one that bank doesn't have and spend. It is even more real because you don't spend from your wallet something you don't have.

Yes, my point exactly. The stock market today, even with the Dow breaking 25,000, is an old bull market.

I was around in the Dot-Com days as well so I remember what a NEW bull is supposed to look like and that's why my money is in crypto today.. :)

You're exactly right.. Just because they don't see a physical product or something tangible, they already think that this is fake and merely expanding as a bubble. What they don't know is that this breakthrough in technology entirely runs on the internet and is more efficient than banks will ever be.

There is some sense of technological revolution, just like for the dot.coms. There is a mix of a bubble when you see terribles coins getting hyped while other coins could be big game changers.

It's just started so there's still a lot of whitepaper only project, in two or three years there will be a lot of things in crypto that can justify their marketcap. In my opinion it's not a bubble but there's a lot of new money coming in, infact it's too much so that some exchange close their registration because they are afraid their system can't handle the load of new users.

Crypto is just starting for a new era and others think its just a bubble because they have no idea of what really is and how can it make more money by working in cryptocyrrency.They did not believe because they  sont want to try it  or experience it before they judge it.I can see more opportunity on it if we were study it very well.

I think that cryptocurrencies are neither a bubble or new money. It's a new financial tool that can be used by smart people to earn a lot of money. Now crypto got a lot of hype that makes it too unstable to become a real currency. Also crypto is hardly accepted anywhere in real life.

Well in my opinion the situation right now is both new money coming in the market and shitcoin bubble. It's a bubble when there's a lot of shitcoin get pumped a lot recently but i'm not worried because at the end of the day the shitcoin bubble will burst and they money will flow to some great crypto with great fundamental.

I entered later than you, but I think there is definitely a lot of new money coming in. And each influx of new money means a lot of new people buying at current prices, so as soon as we have a small dip, these people have lost money - and will likely panic as they don't have the experience of these insane markets yet. So yes I am expecting a major dip - but long term the trend is still sharply upwards, so I'm not unduly concerned.

Definitely markets are having great time recently. Some coins are over valued and some of them waiting to moon. All in all there are great opportunities in the market now.

I think the current risk is huge, but the last madness also means huge profits, so you can invest it completely.

Common people usually choose the wrong time to enter to the world of crypto and remain very disappointed with local drawdowns. But they need to understand the main thing - you should be patient to get profit.

For the first time when I learned about crypto, I was shocked - blockchain technology can be used almost everywhere, it develops, new details appear like smart contracts, subchains, etc. This process can’t be stopped. This is definitely a golden age!

technological developments capable of changing things for the better than ever, many have used blockchain technology either by banks or by other financial institutions, although initially they are not so interested in using blockchain technology but now vice versa, with the technology blockchain easy way of transacting can be done anywhere at a much cheaper cost, as time goes by the technological development can be felt by everyone, and certainly this is the golden age for krypto.

i think this 3 possibilities still exist on it.
people (who have not enough knowledge) see crypto as a bubble because they are not able to have and use it like money.
they should first understand that it is not just a new money.
even if these are quite good times for cryptocurrency, not exactly golden age for it because it has really great future.

I see that crypto is not only aimed at how to make transactions with electronic systems today more and more people are using crypto as a way to store their wealth assets that keeps the bubble on crypto. there are now many companies that are developing a project with blockhaind technology to promote projects that are being developed and this can not be dammed anymore about the increasingly crypto price movement that makes a lot of interest for investors to invest in the world of crypto. and right now I see crypto is incredible.

I think this "bubble" is going to be bigger than anyone ever imagined.

Crypto currency has a very large potential. The world is slowly changing and soon with the help of crypto currency we will displace banks and other intermediaries, between our money and the services we use every day.

Past results does not guarantee that it will happen in the future. It may have pumped and dumped after 3 months last year but it does not mean that the same will happen this year.

Read the charts, follow the news. That is the only way you can predict what will happen in crypto.

I think its not a bubble because,blockchain is like new era of decentralized technology,it cant disappear in nowhere,if talk about bitcoin then yes it can disappear because btc is only speculation on blockchain if u understand.....

Indeed, this is just the tip of the iceberg, yet people still refuse to accept this. Though this is not to say it can't be a bubble. There's a lot of money and potential in it but it can still backfire suddenly.

I think is both of them, is new money for sure, we can see that 200 billion market as real money, but at the same time is a bubble. And a bubble who haven't hit the top yet, i think it will keep growing this year, but in the next years, at some point the price will crash. And people will be crying calling bitcoin a bubble and a scam, but they don't see the chance to make millions was a couple of years ago, when you could buy for a lil more than $200 each btc.

Now is crazy to see how people spend in btc when they was at $19,000 and they expect to get profit soon, for them the bubble already breaks, and now they are in a -30%  :-\

I think cryptocurrencies got a lot hype last year, thats why the price pumped so hard. I would like to see more practical value of coins or technology behind it. Nowadays every second guy on internet got his own coin he tries to pump on Twitter

A bubble doesn't mean the technology is bad , just that it is valued way to high. The question is how big can this bubble get before it pops.

I don't know but some around me invested in cryptocurrencies maybe without any knowledge. At least many people around me aware of cryptocurrencies right now.

In the near future and especially after bitcoin again starts to rise sharply and uncontrollably in price, governments of different states will be forced to take protective measures for their economy. It is unlikely that they will calmly observe how in their country they will go crypto-currency at a price thousands of times more expensive than their national, which every day then rises a thousand dollars up and down. In principle, this year we are more likely to witness such dramatic events. Moreover, it becomes more and more clear that bitcoin is inflated as a financial bubble due to a speculative speculative demand for it. Bitcoin necessarily once again sharply begins to rise in price and how it will end, while it is difficult to predict.

It is not a bubble because bubble not go for long and burst after a short period. As bitcoin is gaining popularity very  rapidly and many newcomers putting money in it for long term by seeing its phenominal growth.

I think its all new money entering into the market and created small sized bubble basically.
People woke up to profits with cryptocurrencies and pumped up to them. Its still not big bubble. When every other people becomes rich it will be bubble and you will realize.