Bitcoin Forum

I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....

every year to year this bitcoin continues to change and this spike seems to be a way or step to maintain bitcoin so as not to back down. This is what the company managers to continue to grow.

I don't get the same feeling. Bitcoin, it its lifetime will grow higher than current levels. But thinking about the activity in 2017, the reason I'm not concerned is because we've had about 11 run ups this year. We've had 11 new "record high" marks set for valuation. And immediately following each new high mark we see a pull back, a correction of 10-20%. That's the size of a correction in the stock market, it's normal.

What's not normal is how quickly it happens with Bitcoin. And then how quickly new money comes back into Bitcoin and adds support to stop the correction and eventually build momentum to set a new high mark. I've watched it happen 11 times thus far. Their may be one more cycle in February. These cycles happening every month is not typical in the stock market, but Bitcoin is not the stock market.

The corrections relieve the price pressure, people take some profits and then we reset at a new level.

I'm not saying a crash (greater than 20% decline) could never happen or won't happen, I'm just not worried about the price growth of 2017.

I do. I'm thinking that the sudden rise in bitcoin is nothing more than a few billionaires' game and other people just jumped on board to further extend the height of the bubble. Well what do I know, I'm only invested in the last three years and still not an adept when it comes to trading, but by merely just looking at it, you could tell that it is indeed a bubble and graphs will tell you that. The big question is until when would this bubble continue to grow until it is popped?

It's not Bitcoin that's in a bubble, it's cryptocurrency that's in a bubble. How many ICOs have occurred in the last year? 100s? 1000s? Nearly all of them are worthless. That kind of hype needs to be cleansed. It needs a dose of reality. There is no "get rich quick" scheme. And this market needs a "bubble bursting" event to get rid of the rubbish ICOs. Certainly all coins will see a decline as a result, but the top 10-20 coins will prevail and flourish and then the market can grow more intentionally forward.

Thoughts?

I think we'll close above $10k at the end of the year, but it definitely does look like a bubble run for anyone on the outside and I personally think that it is a bubble and people are just waiting for any government regulation or general out-lash against Bitcoin by people in power for it to start turning down again.

I think this is some unintentional manipulation of the market, if you want me to be honest. Everyone with Bitcoin is holding because of the % rise this year so far, those wanting to get in on it are drying up the available supply, and that's what's driving the prices up. Stagnation of the market would probably be enough to pop the bubble, unless people constantly buy up anything that's being sold.

Not often.  Once every few years maybe, but it doesn't happen once every two weeks like it does in BTC.

Even if there's a correction and then a recovery, BTC's price growth has still been very unusually rapid over the past year, and a lot of it has been pretty rapid.  It's worth worrying about for sure.
You'd be surprised.  Bubbles can last a long time.

Bitcoin price is unbelievable and bitcoin price is going up so fast , we think this is not normal but i think this is normal and  , i think this will be like that in 2018 too and  many new bitcoin investor will join day by day and bitcoin price will be beyond dreams after 5 years .

Personally, I would not be surprised if bitcoin grows to $ 15k by the end of the year. Now there is no reason for a strong drop in bitcoin and the market is on a positive trend.

Well, we said that at $2000 and again at $5000 and again at $8000 and look at where we are. Will we say that at $15 000 and again

at $20 000? ....I think we will.  ::) .... When you look at the price, you tend to ignore the step that took you to that price. This year,

we reached several goals... {SegWit succeeded and SegWit2X failed and now institutional capital is pushing the price upwards.} We

should acknowledge the successes and not be fixated on the price.  ;)

Yes! There isn't any significant reason to believe that Bitcoin will fall huge now onwards.
It isn't limited to crypto market anymore, it is now part of Future markets and people from every profession, every section buying it. So value of Bitcoin is backed by the demand and belief of People which is bigger than any intrinsic value.

I agree with this. The velocity of these cycles has been much, much faster than we see in the stock market. The key driver of this is that Bitcoin is participating in a more global market than any single stock. We have exchanges on every continent, it's easy for anyone to buy some, you're not limited by the "share" or "coin" price, you can buy in with almost any denomination of investment (provided it's higher than the fees you'd incur). This makes it easier for people to get in and get out, thus driving the velocity of these cycles.

I also believe we've barely started to realize any sort of adoption. These are still very early days. BUT, we've seen a lot of newbies join this forum this year, there are more newbies on these boards than anyone else! This is an indicator of the increase in interest and ultimately bitcoin adoption.

There will always be cycles of up and down because of market fluctuations, but the overall trend will continuously be up until full adoption.

Even i do have the same feeling because the price for bitcoins is too high now and it is continuously increasing rapidly. But some or the other day it may burst like a bubble. Even i do feel that it is a huge bubble. But also considering its progress, I won't be surprised if bitcoins cross 10k-15k this year. Also i do have a estimate that bitcoins may get much more higher by the February end 2018.

Nah don't worry everything is completely fine until this point and I'm thinking of greater opportunities next year with bitcoin. It will get us so may profit that you can't ever imagine. It has already blessed us with huge money though and it look like that Satoshi wanted to give us the Christmas gift this year and they did give it. :-)

Well, the first thing is, it is for sure not the bubble because if it would have been that then it would have never reached upto this mark or it could have fallen already below the specified prices that we are currently experiencing.

There has been alot of attention with spike in price which has brought alot of attention and new investors looking to get into the market.  I also think there is an elevated volatility with the launch of the futures market ahead that is creating alot of interest

Bitcoin has not reached the limit of its growth, so it can not be called a bubble. It is still collected by miners, so do not worry about the temporary drops in the price of bitcoin.

Don't worry ! I think Bitcoin price in this year is normal because Institutional money starts to flow into the crypto market. It makes the general public to adopt Bitcoin and also Bitcoin Hardfork make users add value to their investment to get free coins. Actually the impact of adoption for wanting to get free coins from Bitcoin hardfork is not good but I think the impact is not too worrying

Not really I think we have a long way to go before this so called "bubble" pops. Btw even if it is a bubble and it does pop don't think the value will simply head to zero it will lose a significant chunk but then again will rebound because the new found price will be super low and not have been seen for who knows how long. Take a look at the housing bubble in the USA in 2008 it popped and within a year things were back to normal basically. Everything went to shit for a bit yes but eventually confidence was regained and the markets function as normal. I expect similar things for bitcoin if when the bubble pops

Why are you saying that? Bitcoin is becoming mainstream, and institutional investors are about to come in with all their money, so what we are seeing is perfectly normal in my opinion. Even JPMorgan that is now considering launching bitcoin futures on the CME, and we all know what Dimon thinks about bitcoin. Not saying he changed his mind about BTC, but if even his bank is probably entering the market, why wouldn't others do the same. I'm very confidant we will close the year above $10k, and it doesn't look like a bubble to me, if you compare the BTC market cap, to gold market cap.

Most people are afraid of this because it grows too fast, no one controls it, no one prevents it so everyone is afraid of it exploding. However, until now, there is not any understanding of the disappearance, it is still developing and there are likely to be price adjustments in the future.

At present, Bitcoin's market value and its usage are increasingly in the range that Bitcoin will take to stabilize the transaction.

I don't believe so. I can't imagine there will not be a significant pull back coming. Lots of people are investing with no intention to use or might not even know how to use it. They hear bitcoin and instantly think free money. Unlike gold, which will always have a set amount obtainable, bitcoin could be worth nothing in 100 years.

That is not to say bitcoin will not continue to grow, I just see a correction coming.

we either see a run up to 14k usd till Christmas then a correction, or a correction soon, one of these 2

It's sustainable but I prefer a slower bitcoin trend actually. Because I don't want it to make excessive price fluctuations.

This can hurt us in the following days.

I guess you have your answer by now. you where right that this run will meet some hard rock bottom  and it did after crossing 10k figure and then crashing to 7k and then again it is recovering its value above 10k.

Bitcoin run now sustainable and why not? A lot of people all over the world support and invest in bitcoin that’s why bitcoin important and value increasing year by year. People thinks that bitcoin price increases very fastly that’s why they feels scared that it will drop down one day but my advice to these is that to focus on that latest point that bitcoin price grow up and to get profit not to worry now.

10k is very high price for me before end of this year. But i am not surprising since i know bitcoin getting more usefull investment from all over the world. Bitcoin successfull make people interest and make its price higher.

Of course it is a totally unsustainable bubble because anyone with a minimum knowledge in the altcoin market knows that there are countless altcoins that offer better solutions than the bitcoin to face the great challenges of the current economy. But big capitals only seem to have eyes for bitcoin. Maybe the price reaches even much higher levels, but only motivated by mere speculation without real sustenance, and we will continue to see the continued volatility that has been observed, like the classic pump and dump business that bitcoin is now.

I think so, this is just the beginning of bitcoin, he's like a new baby crawling. Formerly bitcoin greatly underestimated, now so sought after everyone.

It seems unsustainable bubble, but i think bitcoin has the potential to sustain its position for a long time. we can see new higher achievement by the bitcoin from time to time. Still the investors are more confident that bitcoin price will continue to increase for a long time, it is even expected that bitcoin price will continue increasing its price even in 2018.

If there is one thing absolutely certain about Bitcoin, at this point, it’s that it seems to be rather fragile. Fragile in its existence and definitely fragile in its worth. And that has led some experts to believe that Bitcoin may inherently be unsustainable for a variety of factors.

The cryptocurrency market looks more energized than ever. It has also become more efficient in the sense that more and more people are able to engage in Bitcoin transactions without much technical know-how. But what about the actual numbers?, Bitcoin might not be centrally controlled (which is a great thing for some) but how does it impact the world around us?.

you will be more surprised because we close out the year above 13k....

huge increase of price is normal because bitcoin now start to take it’s place and many huge companies start support it

bitcoin curve looks like bubble but it is strong and increase fast & trusted investment  in future