Bitcoin Forum

good day!
as the bitcoin is dramatically increase its value, I know that we bitcoiner are glad about it. But while it's increasing, didnt you worry about it? of just go with the flow?

I will refer this situation about the tulip, as it wil getting popular (before) the price of the tulip bud are very high until one they people realize that there's nothing about it....

Will the bubble occur again (and for now it is in bitcoin) or Bitcoin price is just for today and it will correct it soon?

 

Profit taking is totally normal. This means that corrections are likely to happen at key target price levels.

I think bitcoin is quite different from the Holland tulip bubble in seventeenth Century. Bitcoin has community support, and more and more people are now adding encrypt money. In addition, bitcoin and other altcoin, such as ripple ETH XEM NXT, all have a lot of practical projects in collaboration. Tulip is only a game of small circles between the aristocrats.

"Bubble Bubble Bubble" is all we hear when bitcoin's price hops up, but what you'll notice is that every time bitcoin comes down even a little bit, what you'll notice if you pay attention to the charts is that it catches itself at a nice round number, like $19,000 , $18,500, etc. This is what most traders call a "support" and this normally happens because some whale (someone with a lot of coin) wants to make sure it's specifically not a bubble so they sell of X amount of coin to make sure there is a Support (Group of buyers) that will catch bitcoin and hold it at least at Y price. I thought people only referred to bitcoin as a tulip ironically, not genuinely; have you not been watching the price over the past few years? There has literally never been a bad time to invest and you would be being disingenuous or at least ignorant to pretend like this hasn't been the pattern and the same old story for bitcoin. This is nothing new, and it has never crashed before. You are sounding the alarm, while the rest of us are walking around as usual, acting as if nothing new has happened, because nothing new has happened; we are all impressed with the new heights of bitcoin recently, but it was not a major surprise and it did not come out of the blue.

bubbles happen in any market. they don't have to be bad or good. and they don't have to be huge and then burst to annihilate everyone! they are a part and parcel of any market that people buy something and sell it later for profit.
and bubbles in bitcoin are not a new thing. we had at least 5 major bubbles. and the funny thing is the 2013 one ($1200) was not even the biggest one considering the relative rise of previous bubbles.

with that said comparing bitcoin with things like tulips is just dumb. bitcoin being a decentralized cryptocurrency and a revolutionary technology which is changing the financial world and also it has a small and limited supply. and tulip being a useless junk which is neither a revolutionary tech like bitcoin nor with limited supply like bitcoin.

The bubble will not break when money continue flow on it more and more

I concur. That's a massive point you got there. Also, the past and the present is very different. Bitcoin is much more distributed and stringer market support so if it ces to correction it would not be that worst as you think and it's completely normal. Just know what you are entering 'cause if you're clueless then you'll become like OP.

If someone will pour their money jusy to initiate another failed attempts like corrections or even a pump and dump, they should think twice that they are just wasting their money because this will be another failed attempt that instead people will panic selling it becomes an opportunity to buy bitcoin at the cheaper price again therefore better to do their conspiracy to altcoins in which their is a higher chance that they will success.

You cant really compare bitcoin with tulips. A tulip bulb is just the head of a fucking plant. Whereas there are lots of advantages with bitcoin; bitcoin's price isn't only because of it's scarcity, but also because of it's use case.

Does that mean that a bubble cant happen though? Personally I think it definitely can. Bitcoin is skyrocketing in price, lots and lots of ignorant money going into bitcoin just because the price is increasing; even some guy's grandparents probably wants to get in. At some point bitcoin will stop rising in price and most people will probably cash out.

It will eventually stop going up, just not now.

I think whatever correction was supposed to be there is already done
and there is no more correction here. The price that you are seeing in
todays market is the real one and it may go upwards after the listing
from New York exchangers which is supposed to be tomorrow by the way.
So just keep your fingers crossed and imagine that you are seating on
the pile of BTC ~ 25K or something. That is just possible in first
place because well 19K is possible today without any more question
about bitcoin.

So to be honest the current rate of BTC is real investment and that
there is nothing new about it.

Whether it is a bubble or not there is one to consider and that is it's support. Each time when Bitcoin rises up it definitely falls down a little in the form of a correction but gains support and then recovers the price that has fallen. This is happening when not even half of the people in the world knows about it. There are thousands of investors waiting for dips to occur just so that they can buy more. What do you think will happen when the whole world gets to know about Bitcoin. The demand will dramatically increase and even then I think people will be there who will call it a bubble.
These things happen in the market and the only thing that matters is it's potential. If the asset has a good potential it will surely recover any fallen price.

I expect Bitcoin will climb to around $24k and then it will crash to $19k before it start growing again, there is no way Bitcoin will crash below $19k when it climb to $24k-25k by the end of the Month....although Investor will witness a very slow growth for BTC next year because of the development of other Altcoins.

I think the next biggest proof will be as soon there will be a major criminal event like a terror attack financed by a CrypotCurrency.
After that every body will start crying for regulation i think this will c ause a big crash but it will recover even stronger !

Bitcoin will not get the bubble destroyed anytime soon. Bitcoin will drop in price after a certain point though.

Maybe yes, that is not impossible to happen. I am also one of those people that awaits for the price to drop so I could buy more. :)

why would anyone worry about a price rise? no matter what price you have bought at, currently you are in a big profit. also you can be fairly certain that your profiting days are not over yet even if price goes down temporarily or worst case scenario even if all the bubble talk is real and not pure FUD, price will recover and come back up in the long term.
this is not the first time a bubble happened although I am not yet convinced this is a bubble.


why do you even compare bitcoin with tulip?

I think just go with the flow of the price we never sure of this bubble they talking about but one thing for sure is listen to your guts before it's too late to act. and there you have your answer to yourself.

By today the bitcoin price has moved to higher again after a few days just stay in the range of price. Both correction and bubble will happen but bubble first i think then correction. Since bitcoin has strong community where anybody believe to hold it.

Crypto market is very young. Volatility is its permanent state.
In the coming years, this will not change.

I am quite tired if hearing bubble all the time. I don't even know what they are pertaining to anymore. If they are referring to a big dip only.
As I have understand bubble burst, it is bitcoin on the way to zero value. Correct me if I am wrong.
And as I have been observing the rise is just normal for massive adaptation. Corrections are just ways to sustain the prices at a particular mark.
I hope I learn something new towards this.

I'm very worried about this because it might explode at any time but it will not dump under $ 15,000 so I'm not so worried about this.

I think correction will happen as every thing has some limitation,there are limited number of bitcoins in world it's not that they are infinite and once purchasing is done and bitcoins are over than people will sell and once this selling process starts it will create some dip in price.This will stable the situation and doubts of crashing.I know if selling starts people will also buy but not many people will think to buy at this price they will wait to drop a bit.Its human tendency.

Just HODL... seriously.
Everyone wants to pretend they are good at calling tops and bottoms, fact is, probably only 1% of population is good at that.

HODL is the best... keep your coins away from the internet :)

Well hold is the best but we often think of bubble will occur or correction will happen anytime. The price is very strong and tremendous to increase big. At this very point, holding is the best because of the profit we can gain by the time of btc will increase.

Correction will happen and I think it will not hurt the market that much because the market is just starting to be recognized by many people. Bitcoin is not a bubble that can explode any time, you have to believe on this and focus more on your goal.

one of those things will happen - or maybe just maybe the futures and manipulation we have as a result will keep bitcoin in a range.

And why you only give those two options, what about the third option that this is in fact real growth pushed by a bigger interest in bitcoin now that it has improved its technology and it seems is about to get ready to have low fees once again and that will allow us to use bitcoin as a currency once again.

The movement and correction of bitcoin is because of its volatility it is one thing that makes bitcoins unique from other currency.

I believe the price moving within $18000-$19000 as the time of momentum gain to reach a higher value. So, when the price goes above $20000 we can expect a price correction which might take the price come low and once again reach a higher value than the one at which the correction took place.

I love the graphics! it totally defines what bitcoins is right now. Haha Those who are saying that bitcoin is just a bubble I feel sad for them. LOL

I loled really hard at that image, but notice the subtle change, at first bitcoin is nothing more than a very frail thing then it gets more solid then it is enough to lift you and make your dreams a reality and finally it isolates you from the destruction of civilization as we can see in the last part of the image.

Corrections has started happening and we only need to actually study reason behind this pumping outside speculative activities! Bitcoin has make quite significant progress that make it attractive to investors and I think many have started realize what bitcoin stand for as a medium of exchange for goods and services and a store of value. We are currently using it as a store of value and abandon the idea of seeing bitcoin as money.

I can also barely see it that correction now happens, and the reasons behind it is due to more trades is actively on selling mode. Traders who invest with bitcoins for a long time decided to switch on alts and that reveals the idea of seing bitcoin as money, so the diversions might give chance for other crypto currency to pump and develop its price for good and profitable value. Right now while bitcoin is at correction of price, I am able to vision it out the future another spikes of price, because this is the only that other new investors will buy and invest for future holdings profit and I can say that nevermind the bubble speculations.

Yeah! thats correct mate nevermind the bubble. As many speculation have thrown towards bitcoin it never gives a threat to many investors to invest there money because they knew it that bitcoin is a volatile so when ever it takes making it dump it matters an it takes few months and in return it rise up the value so we expect months to be jolly in a credet diehard bitcoiners.

The money flow in bitcoin will not stop because its demand is high and people are willing to buy more and more. This is not a ponzi scheme where people are investing and will stop after some time. This is real currency which is in high demand and people actually wants to hold them for long term. There is no bubble but little correction will keep on happening as it is part of the routine in cryptocurrecny.

There is no denying that bitcoin is in bubble at the moment. So many new people are joining bitcoin world in seek of easy money, which created a bubble. As far as correction of price is concerned, it happens from time to time, and i think that is good for bitcoin and its users. There was drop in bitcoins price, but now we can see it is rising again, to which heights will it come this time... who can tell. But one is for certain, price of bitcoin will always fluctuate.

I can not understand this situation a little, because I do not know why the bubble is called the case when the demand for Bitcoin is growing. Than it is caused? I think that demand should always wait for an active price increase in the market.

Another thread for calling the bubble, came on guys, the bubble wont crash, at least not for now, this is just the beggining of the road that bitcoin will recover, just relax yourselves, nothing is happening and nothing happened yesterday, it was just a correction and a take-profit scenario.