Bitcoin Forum

That's right. Too many people in this community throw around "bubble" word without actually fully grasping the concept and its negative connotations. This is a crappy word mainstream media uses ad nauseam to downplay and mock Bitcoin. Don't fall for it by using it yourself.

Bitcoin IS NOT in a bubble. Massive explosive exponential growth or a boom is not synonymous with bubble.

Proof of this is the very minor (in bitcoin terms) correction from $205 to $160. We have seen bubbles and when they pop it's much more than -30%.

Its not in bubble but its coming.....

Yes, except for traders, everything is a bubble, because every large gain is subject to generally proportionally large correction.

Bitcoin price is still very volatile so 'bubble or boom' remains to be seen.

Anyone who knows anything about economics and Bitcoin knows that the whole idea of Bitcoin being a bubble is a load of bullshit, you're preaching to the choir :D people in the financial sector have been doing this with the Chinese economy as well Americans in particular were trying to claim that China was a bubble despite the fact that considering they're using paper money their economy is actually being run very efficiently.

First smart reply in this thread. :)

Would seem the choir ain't that big unfortunately.

just price correction, real bubble still isn't arrived

Yeah! It has its ups and downs like all other markets. It just moves faster because its digital and global. And fucking awesome.

A bubble is something that pops and that's it.

Bitcoin's resurrection from 2011 abyss was a proof that it is a revolutionary technology and capable of delivering unbelievable returns to speculators who don't sell prematurely. i.e. not a bubble

Boom, bubble, whatever. Just semantics. There are extremes on both sides. What bothers me about the "not a bubble" crowd is that -- like the converse -- you can only state this after the fact. So let's wait and see.  :)

Maybe the recent BTC price rise and fall has been volatile, but if you look at the exchange rate across the different exchanges for the last couple of months as shown on http://www.bitcoingraph.org/ you can clearly see that the price of BTC was increasing smoothly until the peak on Oct 23rd, then a market correction, but now it is clearly on the rise again.

bitcoin bubbles itself up all the way to ... hm... 10 k $  ;D

You can realistically talk about bubble if it takes at least 5 years to get the money back after buying in at the top.

With bitcoin, this has been maximum 1.7 years, which is better than most stock.

Right?  That is so true!

Pot, meet kettle.

Still too soon to tell. What would happen if you wake up 1 day and see the price at 1$.

Buy, Buy, Buy - Will not happen

Hope BTC/USD go to 1 again 8)

The irony is that if BTC went to only $1 no one would want them anymore! Or people would be afraid to invest in them at that point.

... i would realize i am having a fkn nightmare  >:(

The highest we will see is $280 before we plummet down to $100 and all the wannabe traders get hammered.

nah... when it breaks ath, it will go much higher - no stop until 400...

If it went to 1, I think its pretty high chances that it would go 0.....

Eh, I think that whether Bitcoin turns out to be a bubble is still kind of up in the air, but anyway it definitely seems to be booming for now, and seems like it's set to rise for quite a while at least...

It is in a small bubble atm and we will see a correction soon.

We are behind the trend (https://bitcointalk.org/index.php?topic=322058.msg3449071#msg3449071) currently. I expect the next overshoot to consummate early next year with at least $1,500 top.

I believe now we are not in bubble stage, but bubble shooting to 400+ might happen early next year

I hope it will be 400 around mid 2014 because then 1000 by fall 2014 won't be a bubble

i agree with OP