Bitcoin Forum

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

bubbles happen in any market and bitcoin is not an exception to this rule either. we have had many bubbles some of which were big in the past 10 years. they are not a reason to "worry" though! in this case your topic is about 13-14 months too late because the last bubble that bitcoin had (which was also a big one) occurred about 13 months ago and that bubble has been gone and corrected for over 6 months now!

How do we react to it?Buy low and sell high.When to buy and when to sell?You will have to learn more about crypto trading,market analysis and gain some experience.By the way,what makes you think tha the price of bitcoin is "very high"?

I had to double check the date a few times because I am confused why he is saying the bitcoin price can burst like a bubble when it in fact did about a year ago.

Bubbles happen in many markets, not only crypto. They are natural because there is huge demand at a short time which drives up price to an exponential level and then it finally settles down afterwards.

Amazon during the DOT-COM crisis was also in a bubble and it survived and the company is still around and doing great. Bubbles even happen in safe investments like Real Estate.

Hey first of all which are these various circles you’re quoting, and can you explain how you’re considering current levels of 3400$ to be very high?. I feel you have been misguided, as the bitcoins bubble rally burst happened in the end of December 2017, and what we’re seeing now is an extended bear phase. I feel at current levels one should buy, and hodl them and it’s pertinent to note we’re seeing good adoption taking place.

The price of bitcoin has been speculated to be a bubble same as that of the one happened with the internet during the 90's. Bitcoin is an innovation backed by the blockchain technology. Terming bitcoin as a bubble has increased gradual in the recent days as bitcoin reached the peak and dropped low without sustaining for a longer time period. Have hope, you'll be able to profit out of the same.

There is nothing wrong with price of bitcoin be a bubble because, every market has there own bubble time to time.  I am not a bearish trader but of a truth the market will still go down and that doesn't mean bitcoin is bad or something bad is happening to the market.  It means cryptocurrencies market is reacting to fundamentals and technical information or indicators.  2011, we have this story of bubble market and in 2017 , the bubble issues still come up again.  Either in bubble or out of it bitcoin is not going to die and it is very important we keep faith with the market.

Another claim that bitcoin is a bubble? $3,400 is too high? $20,000 is the highest and the said bubble popped like what most of the predictors said even before. How do we react on this? I'm reacting without anything to say.

I just believe that bitcoin's status is on the bright side and these lows are the best way for it to reach another all time high. It shall go at the lowest before the potential catch up for its rise in the future.

It already is like a bubble. And it popped a lot of times in the past as well. How do i deal with it? Same as how i did with all the bubble pops i've experienced in the past. Staying positive and keeping my emotions in check. With the many times i've seen this happen, i'm pretty much used to this kind of market movement.

it is hard to understand what you are trying to say here!

will there be bubbles? of course, like all the bubbles in the past, we will continue to see other bubbles in the future too. whenever bitcoin price is going to have a big shoot up to the moon when a lot of people get overly excited and rush in to buy, then there will be a bubble shaped up.

is it a bubble now? you are an idiot if you think so.

was it a bubble in the past? yes, a year ago when price reached the ATH, that was a bubble.

"very high" ? Are you kidding me? The price is 3.5 thousand dollars right now. That is not remotely high. There is a reason why all the "bubbles" collapse, not enough money keep coming in and making it unsustainable. For example the oldest we know is the tulipmania where tulips were expensive, why did it collapsed? Because there wasn't many people left who were willing to keep buying tulips from those prices. Why it got high? Because people were capable of buying it until they run out of money.

Closest one is the house bubble (well mortgage) which was after dotcom, well there was too many toxic debt that people couldn't afford to pay back and defaulted on their loans, which created a collapse of the bubble. Same happened to bitcoin, went up to 20 thousand dollars and there wasn't enough people who were willing to pay that much for one bitcoin. However we are already at 3500, there are plenty of people willing to buy from here, RIGHT NOW its not a bubble, it used to be considered that way on 20 thousand dollars but definitely not even remotely a bubble in today's prices.

One of the disadvantage of having bitcoin was the volatility which we all ready know for past years and some said bitcoin was like bubble that could burst anytime but they were wrong. The price is pretty much manageable due to the bear market we had experienced last year, so my opinion would be still depends on market cycle of demand and supply.

That is only an estimate, and everyone will change their mind when conditions are not as expected. Do you think it's a bubble, so stop because it will be risky for you, and if you think otherwise then keep on going.

It already is exhibiting and behaving like a bubble, so I'm not quite sure what you're trying to say. Anyways, the only 'move' I can see that people could do in order to react to sudden changes in price is to not buy during insanely fast price increases as they are likely to be bubbles or pumps awaiting to be slammed/shut down by the bears. Also, the best move still is to pick an entry point after a huge price-crash and leave things be for a year or two. This has worked for a lot of bitcoiners in the past 2 cycles and I'm pretty sure that this method is still working and not obsolete by now.

Volatility is a disadvantage? The lack of that made the price tank hard because people stopped being interested in the market now it isn't going up anymore.

Volatility = high volumes = high interest = higher odds of seeing the price increase.
Stability = low volumes = low interest = higher odds of seeing the price decrease.

And btw, Bitcoin itself isn't a bubble, the price/market is because of people's greedy nature. We've seen the worst of the pop, might see some sort of a flash crash giving the most persistent "hodlers" the last push to unload. V bottom, double bottom, triple dildo bottom, whatever it takes, the last bit of air needs to go out.

Bitcoin will not end up in a bubble situation. I do not worried even the price of bitcoin is falling down because I know in the end of year or day the price of bitcoin will gonna rise up and all of us are waiting for that moment so I hope stop thinking that bitcoin will really end up in a bubble.

I’m as pro-Bitcoin as you, but this is one of the shitest “argument” there is; past performance is not indicative of future results. I know you probably say that at the end of the day/month/year Bitcoin’s price is always going up because the “crash, then moon” stuff already happened a couple of times. But you know that’s not a rule, right?

We could go sub $2000 or $1000 anytime and never come back from that. There is really no way of predicting what is going to happen in the long-term.

It looks like it will make you unable to get out of panic if you think from a negative point of view, bitcoin is very fluctuating so that it becomes normal with prices soaring and can also decline.

I've seen so many posts about Bitcoin being compared to a bubble that will eventually burst someday, How can anyone tell if that is true or not ? If there is real use.
Bitcoin was once worth $17,000 but for now is worth only ~ $3,400 dollars and It's still considered to be very high or overpriced. What then should be an ideal price for Bitcoin according to them, 10 cent ?

Professor Bitcorn (Boston University economist Mark T. Williams) predicted Bitcoin would hit $10. Dr. Doom (Nobel Prize winner Nouriel Roubini) said it's now falling to $0. So yeah, 10 cents falls right in the range. :D

These people think the Bitcoin market is pure speculation with no real usage. They think it's like tulip mania or the beanie baby craze.

That's how a lot of people think about gold, and gold has been around for thousands of years. It's something that doesn't have much of a real utility other than jewelry and industrial use, doesn't produce anything, and is a game of speculators.

It still has a $7 trillion market cap. People are easy to trash assets or things in general they don't need or understand. Bitcoin is exactly like that. Eventually they will take back their words and buy into it one way or another.

People need to be proven wrong time on time again, each cycle. At the end of the day, the use of Bitcoin could admittedly show more signs of strength, but we can't discard how important speculative bull cycles are for this market.

That what people see as something that made Bitcoin fail as currency, makes sure crypto as a whole remains relevant.

Agreed, the main difference with gold is its status as a store-of-value isn't hotly debated. It's been trusted for thousands of years to hold value and act as money. Bitcoin has 10 years of history by comparison, and we're all just guessing whether mainstream adoption will happen. I'm betting it will, but until we cross the chasm and actually penetrate society, the "tulip mania" crowd will still be here and there's still a chance they're right.

People are going to claim that bitcoin is a bubble even at the current prices, but it doesn't really surprise me, people are going to deny the reality right in front of them because they will be unable to accept the fact that they had the opportunity to buy bitcoin for a cheap price and they didn't, and now they regret their decision and instead of moving on and accepting their mistakes they are going to hold a grudge against bitcoin.

I am seeing the bubble story again after a long time but the answer is quite the same it's not a bubble it's a cycle keep repeating many times so keep your profits by following the right cycle.but anything may happen at anytime if it is called an investment so don't invest more money which is can't affordable.

The ups and downs of the crypto market are natural, but many think it's a bubble. I think you only need to react to use buying opportunities at low prices and selling opportunities when prices increase.

I had to make sure this post wasn't from 2018.  The trick is seeing the bubble while you're still in it (or even better before, like now), not after it's deflated.  Answering your question, the logical response is to sell when the price is high and buy when it is low.  Unfortunately, humans aren't very logical, especially when it comes to investments.  A majority of people will buy high and then sell low.  That is just how markets are designed.  Always keep perspective.  Make your own decisions.  Listen to all.  Follow none.

I dont know in what circles are you hanging out but in most circles people are complaining that price of Bitcoin is to low.

Price of Bitcoin act like a bubble in each Bitcoin cycle that is 4 years long. It goes up and then pop and reduce to 85% of the ATH ( maximum rice). Then new cycle start.

This is probably the result of the long term manipulation in the market. And i don't know what circle is OP trying to show but i do agree that Bitcoin is just like a bubble because when it is ready to grow it will suddenly burst without a warning. And then, BAM you caught yourself regretting because you didn't sell your coins during its peak.

Bitcoin seems to be a bubble to many people because its value is not stable, but it is not true.

Gold is a store of value but the main drawback is that your value in gold remains the same over period of years and it will not increase much. Whereas if you store your investment in bitcoins, there are high chances that you can 2x, 3x your investment in one or two year. This high rate of return makes people invest in bitcoins and not in Gold.

those people don't know what bubble means. it is like saying apples look oranges to many people!
being volatile doesn't make bitcoin a "bubble". being over the intrinsic value makes it a bubble and $20k was a bubble. but also similarly when price drops and corrects the bubble also goes away. so if someone is talking about bitcoin bubble NOW that price has dropped more than enough to burst any bubble then they don't have any clue what a bubble is.

The right reaction is to use opportunities to get bigger profits, with the market declining to be an opportunity to buy more. If you panic and think that bitcoin is just a bubble, then it's a good idea to be a spectator.