Bitcoin Forum

How you ever wondered what should happend with economy to lead bitcon market to another buble? Where it can reach up to $10000 per 1 BTC ?

Hyperinflation is one.

But in case of hyperinflation, there will be currency exchange control in place. You may have a hard time doing transaction using btc hence rendering it useless.

I think we are very close to the start of a new bubble but $10000 is too high, probably the new ATH will be in the 4000-6000$ range.

its is very unlikely to happen. if it does happen USD will probably have to devalue more, and we are taklinga bout $10,000 USD per bitcoin like 3 or 4 years from now. miners still only require a bitcoin to be worth like 400 per to still make money off each one if they sell it right away.

mining price and some whales set the price for btc

I don't think anything in particular has to happen, just look at the charts, we always rally during october - november. As for $10000 per coin, no one can say for certain when that will happen. but it is almost certain that we'll pass the previous ATH by the end of the year

The bubbles happens in different months, we can't predict that it will start in November only because last year started in that period.

When bitcoin reaches $10,000 per BTC, I hope it isn't a bubble.  8)

I would not hold such a risky investment if I didn't think it could, not only reach a high value, but also change the world.

at least one bubble per year will happen, until now this was a certainty, 2014 could be the exception, but 10k this year is to be excluded

If there is a bubble this year, it will need to go higher than 1200. The wall street etf money is the last hope for this year bubble.

I think we can see the new all time high this year but with each passing day it's less and less probable.

I also think we are close to a bubble, i also think around 10 times more than current value, it means 500$*10=5000$

Yep, also thinking the same, next bubble will take us around $5K

Well this is thread in which to call it

so my prediction (similar to those above):

next top $5k ± $2k

correcting to $3k ± $1.5 k

https://i.imgur.com/BgFvwvu.png




EDIT: To address OPs question:

From a system analysis perspective (control theory)

The volatility I think is caused because the system is running at high gain and is not damped, so large oscillations in the groupthink of all users happens.

Anyone who understands what money is and what bitcoin is are lucky enough to be early adopters during these still early days.

$1 Million by 2018! Woo hoo!

Then with hyperinflation, would BTC really raise in value or relatively would it stay the same only to be worth many useless paperbacks?

Bitcoin would do both.

Raise in absolute value ( bitcoin price of bread would drop ), caused by bitcoin cap growing.

And rise massively in fiat value ( fiat price of bitcoin would rise ), caused by people escaping the sinking ship.

So if we consider a loaf of bread as an anchor; then after hyperinflation starts bitcoin would fly above the bread and fiat plummet below, relative velocity between bitcoin and fiat would be tremendous.

Perhaps the bitcoin price of gold might remain the same order of magnitude.

edit: currency exchange control mechanisms are always black marketed away (the people responsible for the controlling often taking a cut), people are very eager to jump ship and people are also very eager to profit during the whole affair, it's CHAOS!

Based on your chart better HODL till 2018 or so ;-)

too early to talk about bubble, we are still in a downtrend.

Honestly, I don't think anyone here has even considered the possibility of a 4th bubble. If so, then they never bothered to make a thread about it.

Well we're going sideways in my opinion.

Of course the "bubble" is not here yet, that's why we're only talking about it. ::)

When it arrives we will be in it and then talking about the inevitable top.

I'm pretty sure there have been more than 4 already..

bitcoin to $4000 - $6000
litecoin to $150 - $250

How is $6K acceptable but $10K is too high? your logic doesn't make sense



Yeah no, not by a long mile... it is definitely not "certain", I would argue it's more certain that we won't pass ATH by the end of this year.



I would be way too happy if this happens, and since I never get to be that happy these days, I doubt this will ever happen anytime soon

Now bitcoin is very undervalued according to charts but it has to find the spark which can start the beginning of the rise.

Would it be the 4th? How many bubbles have people agreed on, actually? If things go well, we may reach $10k after I guess 2 more bubbles. The next bubble (if there'll be one this year or early next year) will most likely stay below $10k, I guess...

does each next bubble was higher than the one before it? i don't remember this aspect


litecoin, will never recover, i don't see any point in that alt, bitcoin can use sidechain to gain everything it need, like fast transactions, litecoin is useless

The use of Litecoin is the alternative hashing algorithm. If for some (unlikely) unforeseen reason Bitcoin is severely damaged Litecoin could be a place of refuge.

Wanna put some money on it? :)

I might if we can arrange escrow with predefined prices/dates.

The longer the price sits around this area, the more tension that is being built up below the surface. Eventually the pressure is going to be too much and the hatch will be blown 500 feet into the sky. If we stay down below the current ATH until the spring of 2015, I can see the next bubble taking us very close to $10,0000/coin before taking a nose dive back down, with a few dead cat bounces along the way.


Live through a few bubbles and your perspective changes on what can and cannot happen in the Wild West of cryptocurrency.

I'll be your escrow... and I agree with the dude who thinks LTC will recover

I would prefer an escrow agent that has no emotional investment in the transaction.

There won't be a 4th bubble. The market is saturated. It's downwards from here.

What's a buble?   ::)

The silly term bears use to denote a growth spurt (which always overshoots a bit).

This has been the recent past. If crypto has a future, please be prepared to be surprised again.

lol

Litecoin could recover a little but $150 is too high for that altcoin.

Every time we see the same threads, in some months there will be a bubble and all the bearish people will buy at loss.

Or are never heard from again.

I think everyone should check the facts. Yes, price per unit is more than last year same time, but with all the news and adoption, we haven't made a significant move for months now.

I'm calling it: no more bubbles, rallies or rapid price increases. TA applied on bitcoin is just tea reading. I see nothing notable happening soon (ie next 12-18 months)

We are still in he early adoption phase, there is too much people in the world who doesn't know anything about bitcoins.

It doesn't really matter. Poor africans for example know about USD or EUR but they don't own any. They might find out about BTC soon too, but... doesn't mean they'll buy.

I don't think there's much room for unforced adoption. But, if some govt makes it the only way to pay, that would be a different story. My bet: USA will be the first, after USD crashes.

My bet would be on some failed economy. Argentina, as most of the analysts say, could be ripe for a bitcoin revolution.

next bubble will not go over 5k USD at its peak.