Bitcoin Forum

According to this article: https://www.investopedia.com/articles/stocks/10/5-steps-of-a-bubble.asp, there are 5 steps going to a bubble:

1. Displacement 2. Boom 3. Euphoria 4. Proffit taking 5. Panic

I think we are in step no. 2 Boom, as the global MCAP is not even in the trillions. Also, the mainstream adoption is still in its infancy (1% or so), but the idea is that we need to stay alert about the first signs of a bubble burst.

In which step do you think that we are in now?
What do you think that those first signs will it be?
What contingency plan would you implement?

Thanks

 

That is crazy to think we are only in the boom it feels like we are in phase 3 at the moment but I could be underestimating it. In any case there is a bubble present here I feel like it is going to pop sometime next year though not quite this year.

Where's the bubble pop for computers? tvs? the internet?
That's just how consumption spreads nowadays. No bubble.

In bitcoin, bubble will come every now and then. It is the part of bitcoin already, the word bubble is a graph system of price which adjusted day by day. Bubble word meaning burst and bloom, therefore bitcoin is a bubble, sometimes price high and sometimes going down. We really accept the reallity of what bitcoin is.

i think we are still early in the beginning. We are basically in the "we have some good ideas what to do" stage.
There are some good ones but basically somtimes not even a working prototype.
The next stage will be good working prototyes and after that comes the userbase :)
In total there should be atleast 5x - 7x growth.
Of course it could crash 50% and bounce back (that's what bitcoin is doing all the time).

It is really hard to see when Bitcoin's bubble will pop as we are now seeing that traders of Bitcoin are now profit taking so its price goes down regularly but in every situation it recovers and goes to a new high that is why it is hard to see what stage is Bitcoin on now. A bubble is usually on a one time event that when it goes down it will mever go back up while Bitcoin we are seeing many opportunities to take profit and still buy to take on another profit taking.

Well, I think almost this steps is just only become rotation. Well its the marketing pattern of bitcoin it is not only just boom or just only displacement but rather all of them are rotating in order to gain or lose the price. If it's all stick in displacement last year and this year are only to boom I don't think that there are ways to bitcoin to become more valuable and expensive. In order to gain more we must also experience the ups and downs of the market of bitcoin.

I also think we are in step number 2 and the bubble is still far away. The bubbles may actually happened some were in 2023 according to my own analysis and reviews. Bitcoin has not been adopted by mainstream media and online mainstream retail shops and I believe between now and then we are going to experience a very great change that is going to couse a lot of adoption and progress. I have a dream that Bitcoin is going to go as high as $60,000 in 2018.

It is easy to tell that we are in bubble

But nobody will tell you precisely when the bubble will burst. Maybe it is on the verge, maybe, it is only beginning.

My personal judgment is 2019-2023.

Basically, by looking at the price graphs, all of us know that we are heading to a bubble territory. The price for crypto is increasing exponentially (which is bad for long-term). As always, no one can predict a bubble so just enjoy the ride and never invest what you can't afford to lose.

I think it would never happen, It just a beginning of cryptomarket to boom and bitcoin is just starting to change our world. The bubble ? is it really coming ? or we're just worried about that bitcoin will not be in the trend anymore ? and seeing it falling?

To be honest this is repetitive cycle of bitcoin and many known crypto currencies. The displacement has to be there which brings attention of new comers and gives excitement amongst the old investors. Tis causes the inward investment opportunities for the bitcoin and thus it starts getting bigger in the terms of market capitals. Once the market reaches specific level then the BTC explodes with ATH prices and we see all the profit taking out there. This follows with the panic selling drama that continues for the next few months and then we see the downward movement of the bitcoin. To be honest currently we are in the same phase and the downward movement that we are seeing is going to vanish soon. So we shall be ready to displacement phase and better strait investing into BTC. :-)

Well for sure I do think that a bubble will come but not right now since we already saw one in the December and January session and Bitcoin is now recovering from everything it's quite stable and I do think that one more step needs to be added here and I that is recovery.

I do think that this is what we are in right now .
Panic and everything else has passed and till March no high is to be expected.

Agree with you to the account of what is now in 2 steps. In the end, nobody can give an answer, whether it is the future money, or just a “Bubble”

Nobody knows when this bubble will burst.
Yeah honestly when it's going to pump up, it's getting crazier on the small time investors because it's a sign of bubbles.
As long as the whales are getting profits every time a bull run happens. Then this cycles continues..

The mystery about all these steps is that, no one knows the time. A lot of those steps that have been itemised over the years actually came into play after the event has happened and that does not solve any problem or avoid any. Concerning bitcoin, its hard to state this is the time we are exaclty because depending on how one looked at it. In the past couple of years when the price of bitcoin jumped from some cents to some amount of dollars, a lot of people would have said its a time of boom and we are moving to the next stage but the issue is it seems we have not left the boom stage because from the few dollars, we went to few hundreds of dollars to few thousands and now in the fifteen thousand region.

For me, I would still say we in the growing region because the penetration has not gotten to the point where people would know about it that the fall will affect almost every family ( the crash of 2008 comes to mind), and because the potential is still there. When we are able to live that region, we can then talk about boom and every other stages that follows.

Yeah this is what happening over the time I believe. What you are suggesting here is true upto the mark. I think for bitcoin to become the bubble it needs to undergo elevated upgrades or changes in short. I mean if bitcoin shows up the power of its utilisation in the first place then it can be real thing or achievement for it. Otherwise most of the analyst around the world call it as bubble already. The boom step that you are depicting here is actually done already when the bitcoin past the prices and market cap of 200 Billion dollar last year. Because that was unimaginable MCAP for it and no one ever imagined that it will happen for next ten years which happened in snapshot! However, the trillion dollar market would be actual bubble that has yet to come and who knows another euphoria this year might just take us one step closer to that one too. So yeah, your five steps are what we need to achieve to get to that bubble and the reality later on.

Right now I think we are in the last stage of the bubble. I honestly don't like to say it a bubble but according to the classification, yes we are in a panic situation. Bitcoin price has dropped to $14605 according to coin market cap. Currently the newbies might be in a trouble. But this is how bitcoin works and only bitcoin but the whole crypto system. After a long when bitcoiners were quite happy to see the price touching a price of $17K once again it busted.
These are just periodic changes in bitcoin that occurs quite frequently, predicting it to when will a pump or a dump happen is not easy at all. For me it's time to wait and watch so, to buy at the least available price.

If bubble means price dropped, i won't agree at all. It's normally people taking profit from investing and buy back when price low, but it is not trouble. No body know when it pump and will dump, but since this Bitcoin has been changes to stored value, so panic selling are would be signal to get big problem.

I think bitcoin is not a bubble. It's a massive adoption people want it because the technology behind bitcoin is very powerful and that's why the price keeps increasing so I dont see it as a bubble.

bitcoin was a big bubble when it went up from around $10,000 to $20,000 and in the past (nearly) 1 month this bubble burst and with the huge drop that happened afterwards it is now done and over with. there is no longer any bubble. and despite what most people think bubbles don't have to be gigantic with a 90% drop!!! it can also be a big one with a 30-40% drop.

as for altcoins they go into bubbles every couple of months that they get pumped hard. but since the market is growing full of newbies, most of them don't drop down to their initial levels because of them when the bubble bursts.

Bitcoin is not a bubble and it will never be one in the future! Bitcoin has a high adoption from individual that got tired by governments regulatory agencies and that is why there are saying bitcoin is a bubble and most of these did not look at the technology behind bitcoin  and how it can help regulate the future of other crypto coins. Before 2025 we would see mass adoption of bitcoin and other cryptocoin by governments and other big financial institutions like banks and fund managers.

bubbles will come but can not predict when will happen.

Media and People have been calling Bitcoin a ‘bubble’ for the past few years. There have been increasing comments of the ‘Bitcoin bubble’ bursting in the very near future, I do believe that Bitcoin is in a bubble and the bubble will burst (because all of them do), I will explain why I don’t think the bubble will burst anytime soon.

Below is a chart that shows a range of times the media has said that the bubble will burst:
https://i.imgur.com/SudqzZe.png
When will the bitcoin bubble burst?

No-one can actually tell that when a bubble is going to or will burst; This is similar to the stock market just as it is with the crypto currency market. In the above chart you can see how the media have tried to make this prediction and failed many times. Bitcoin is often compared to various bubbles that have happened throughout history and are commonly fundamentally flawed in the comparison. This is most likely due to the lack of understanding of what Bitcoin, and what blockchain technology is.

Many would argue that we just seen a bubble. Is it over yet? Who knows?

I would not be surprised if in fact we are in the Euphoria stage, almost everything except bitcoin is pumping right now, once bitcoin starts to pump people will transfer money in to it from alts and then we may see mass profit taking, I know now many people who've been in to cryptos for less than a year and started with almost nothing who are now in positions where they have life changing money and that's a dangerous position for the market to be in because it's the stage at which cashing out starts to become a real option and consideration.

that Bitcoin has some advantages over other currencies, does not yet provide an opportunity for people to be completely satisfied with them financially. In this situation, it is very good to give an example of gold, which has a physical form and material value. And what does Bitcoin have?

Yes, but the bubble is fed up by all kind of shity projects or by projects that won't deliver.
I think we will already see this year some ICOs that won't deliver and from then on people will start to ask more questions before investing.
That's the start of the bubble burst.

This is natural with bitcoins. Everything that is not stable at one place, there are chances for the bubbles coming and going about it. Likewise, bitcoins are bubbling sometimes. There are more chances for a strong pump now a days as bitcoins have suffered so much during last few weeks. Like you have said, there is surety of when is the bubble coming but it will come these days.

Bubble is a system of bitcoin price which bursts and blooms. It is on how the demand and supply balance to the market. In bitcoin there is a balancing system of price everyday. Unstadiness of bitcoin price is natural graph balancing system of what bitcoin transaction being done day by day by every users.

The saying cryptocurrency is the bubble I see is not true to what it is happening in the present. Because my point of view is that cryptocurrency will be the future of currency where people can easily exchange coin with each other without depending on an intermediary. It will be a transactional revolution, where people do not need physical money anymore.

When we are talking about history, then we are at the boom, we are at global adoption. But there are so many panic selling these days and so many burst and bubble, why? Because there is a little adoption and only those who have the largest coin can control the price.
I think for countermeasures you should invest to some main crytocurrencies and wait for the price. Search a really long term and legit platforms like stratis and hold some coin. The only thing that I can say right now is that we are still at the adoption pace and the percentage that the coins you are holding now to go up is really high.

Most of the people's call bitcoins as bubble but I do not understand the same. Bitcoins are into regulation since 2009 and until now the price for bitcoins have reached a immense height. I am sure that bitcoins will go much more above but the price change occurs due to demand and supply. The more people's selling bitcoins, the more the price will go below and vice-versa, the more people's buying bitcoins the price will go much more higher.

In my opinion, bitcoin is not in a bubble stage hence will never burst out. But we can see many ups and downs always as bitcoin prices are purely speculative. So, the question of when will remain unanswered forever for sure.

Even if cryptocurrency is the future it does not mean a bubble can not occur, the dotcom bubble happened and those companies are certainly the future as well as the present, a bubble is simply when something is vastly overvalued, this can occur without meaning the cryptocurrencies have no value or no place in the future.

Sharing your views guys.
The image is blurry: there were some bubbles, there is a bubble now and a bubble will come, all statements are true to some degree depending on the context.
I've asked you this because more and more people are asking me to advise them on how to get into crypto but they all ask in 2nd minute: but isn't it a bubble? And my answer is yes/no.

IMO the technology is here to stay even though there are no killer apps yet but they will come for sure.
Also, the shitcoins will disappear but the exponential gains will remain because the technology allows that - we are investors/traders in an instant without brokers and all the friction present on fiat exchanges.

So, as a conclusion, we are living historical moments, this year, imo, it will be still fuzzy with money made simply on hype but things will start to settle.

....

This might sound shocking or controversial: I don't think bitcoin is in a bubble.

The type of price hikes bitcoin is experiencing is normal for a growth phase. Bubbles typically occur when there is no room for growth and the value of an asset continues to increase, inexplicably.

According to polls, roughly 2% of americans have used a crypto currency. With roughly 300+ million americans that implies approximately 6 million americans have used crypto in some form. 2% of a population is a small demographic. Bitcoin still has plenty of growth potential (and continues to grow). These may comprise some of the best arguments for bitcoin not being a bubble.

The main thing holding the value of bitcoin (and crypto) back are transfer fees. If those is solved we're going above $20k imo.

I think that the cryptocurrency market is not a bubble, it is dominated by large corporations and so the exchange rate has fallen dramatically. According to experts, the future of economy 4.0 is indispensable cryptocurrency. There are still a lot of shortcomings in the cryptocurrency market, but in the long term, ICOs are emerging that will gradually solve those problems.

when the bubble bursts it's just the profit taking that we can see, and that we've had often, the bitcoin will never come back to $ 2k

I also think that we're still at the boom stage, and even with the recent hype over bitcoin all over social media, it still hasn't gained total popularity. No one may ever really tell when the bubble may pop. It may depend on the performance of bitcoin for now, as it seems to be tested how it will fair over the price drop these days. If it recovers, then it's possible for the price to rise right after. I'm not quite sure if we're nearing euphoria but perhaps when bitcoin hits a high amount and people start to take their profits, then we might see the impeding doom of a bubble that will pop.

Indeed, when we can all agree that we are in no.4 or no.5? I think choices should be from 1 to 3 only in which bitcoin is fluctuating and we don't know really what will be the end. Right now again bitcoin and the other coins are in dip but we believed this is temporarily in which profit taking will follow again. So better choices should be 1 to 3 only.

I know someday the bubble will occur.
And i know it will happen to Ethereum .
Because it say that eth has an unlimited supply.
And it is possibleto happen in eth someday

Bubble is when bitcoin dumping but i thin it will never destroy it becuase the market is so huge and i think people want to get more profit from bitcoin so they need to protect it from dumping they buy again the bitcoin will increase again so i think bitcoin is forevee because day by day and month by monnth people entering in the world of crypto.

Why do you think that "it will happen to Ethereum" ?