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BTC isn't going anywhere. The price may have big swings, but their will always be a market for it. This is different from equity markets because it spans every country and is independent of them all. There will always be someone willing to buy it at the right price.
Everybody will agree that Bitcoin is different from equity markets. The equity investors will say that their investments are backed by solid cash flows, and that the value of their investments will never go to zero. According to them, that is why equity markets are different from crypto markets. Just because Bitcoin market is different from traditional equity market does not mean that there cannot be a bubble. Many cryptocurrencies are starting to follow a similar model whereby revenues are shared with token owners, I think there will be a transition in that sense in the future. To suggest that there will always be 'someone' willing to buy at a given price is probably not too far off but let's not forget there are millions of bitcoin, just one person being misinformed is not enough, all in all there needs to be a large amount of people willing to buy at any given price. |
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There could be a bear market and if you look at the graph zoomed out it could be synonymous with a bubble. The real signs will come in the next months, if we can't increase much from here we'll be under threat from the next wave of bad news. If we can recover then we have a while to run I feel. |
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I do not feel as though we are in a bubble just now, I feel like bitcoin itself is approaching its maximum value (at this time, it can increase with advances etc) but it is not currently overvalued. For me overvalued right now would be 30k+, a true bubble would be 50k-100k. |
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I bought my BTC at $12 300. And will sell it at $250 000 with my pleasure. If it drops - I will not wait after $10 000. And you?
I bought in first at just under $10,000. I would sell probably at around $100k this would be a substantial amount of money for me and allow me to do lots of things I've always wanted to do with my life. |
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If bitcoin can restore its fees to being quick and cheap then the price will get an immediate boost as it can be useful again, right now it has very little use and is mostly being used speculatively.
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I could easily say bitcoin can be any value and there is a very high chance it will be true. Odds are we will see $120k at some point, but the skill is guessing if it will be soon or of it will be in a few years time after a bear period and then a recovery. |
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I don't use the others all too much so can't comment greatly. The assumption you're making however is that things will go back to normal, if we continue at the rate we are going then bittrex will have to deal with a lot more than 500,000 users online at one time. Right now it's holding together somewhat but if we have another big bull run for bitcoin I don't know that it will cope. I also don't know of a lot that they can do in a short period of time to greatly improve the load capabilities, I think it's just a case of hoping it holds together until such a time when improvements can be made.
all exchanges are making stunning amounts of money right now. they'll be throwing as much as possible at accommodating new users. but unless we've reached an eternal september there will be a point where things cool off. tears of this magnitude don't come along very often and don't last forever. The money they're making is absolutely ridiculous and I'm sure you're right I'm just not sure that it's enough. There will be a delay before many of the improvements can be made, things like buying more servers and hiring and training more staff don't happen over night. I hope that you're right about things cooling off, I think it's best for everyone, not just the exchanges. |
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same goes for almost every single exchange in this scene. hardly any of them can cope. bitstamp said they were adding 100,000 new users per day. bittrex said they topped 500,000 online users. those are fearsome numbers. when things ease up they'll all go back to normal and everyone in support ticket hell should get their problems solved too.
in fact is there anywhere that isn't buckling under the load? i can't think of anywhere that hasn't had some problems. perhaps the hype has peaked now all this futures crap is out of the way and christmas is coming.
I don't use the others all too much so can't comment greatly. The assumption you're making however is that things will go back to normal, if we continue at the rate we are going then bittrex will have to deal with a lot more than 500,000 users online at one time. Right now it's holding together somewhat but if we have another big bull run for bitcoin I don't know that it will cope. I also don't know of a lot that they can do in a short period of time to greatly improve the load capabilities, I think it's just a case of hoping it holds together until such a time when improvements can be made. |
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So you think that Bittrex going down could finally burst this massive, unsustainable bubble??
Golly jee willikers Batman, thanks for pointing this out!! No one here ever thought that a bitcoin EXCHANGE could possibly go down?? You have such insight and brilliance!
I'm going to rush right out and sell all my btc now before it crashes to zero!!
/s
Great feedback, thanks for that. I'm not saying 'if an exchange goes down then the bubble will burst' I'm saying, I think this exchange will go down and that will cause the bubble to burst. Big difference but thanks again for the great discussion. |
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Bittrex - the site is absolutely awful to use at the moment with ghost offers, incorrect offers, being unable to cancel offers, getting notifications for filled offers when they haven't filled. And that's just some of the bugs I've encountered, every time the volume shoots up the exchange is barely usable and on occasion not even accessible. I have a strong feeling that we are in a bubble, or the beginning stages of a bubble and Bittrex going down, which it seems like it inevitably will given that volume is only increasing. This could spark the sell off that leads to the mass panic and the bursting of that bubble.
In my haste it appears I missed the word 'good' from the title of the topic. My bad. Don't judge me (at least not for that, feel free to on this theory)
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Less than 24 hours until the official launch of the Bitmora funding campaign. We're all set to go and hope the community is as well!
Where can I find details on exactly how the funding campaign is going to work? I checked whitepaper but couldn't see it. |
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A great project for a great cause, congrats on the pre-sale success. Will there be a stage 2 bounty campaign? If so - when?
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Hey, I'm interested in everyone's opinions on this. I find so often when looking for ICOs I come across something that sounds like a good idea but then am instantly put off when they all seem to trying to raise 10s of millions for something I would deem could be perfectly possible with only a couple of million or even less.
Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?
Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?
Not all of them. Most of them do try to raise too much and that is one of the things I get to look at anyway before trying to invest in a project. There is just some amount of cash that is too much and then you wonder what the point is for raising such a huge amount of money for a project that can even kick start without much. Well, I will consider it greed and most of these projects end up not doing well eventually. I usually always avoid ICOs that are uncapped or have very high caps. I just feel it is much harder to see profits. Many of these projects with high caps usually drop below the ICO price when it first hits the exchanges, especially if they also offer bounty campaigns. This just messes up things for investors.
Any high cap ICOs usually have a lot of difficulty in growing fast and always difficult for the investors to get so much from the coin at the end. As long as a project is viable and it has a good product that can easily fly, with a very low cap, they can do better, but most of these devs are just looking for quick ways to raise a lot of money for something that do not even need too much out of greed. Of course not all of them. I think you are right in that it is simply just greed and for me too it is often an indicator that the project will not be too successful. I just feel like there should be something that can be done to curb it in such a way that they are only raising amounts that they really need. Of course for many investors it is easy to identify when an ICO is asking too much but for other investors they do not know such things and just see it as the norm. |
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Do you not feel like this is already a service that is offered in many bars or restaurants? Many bars/restaurants now have tablets that you can order from or pay your bill from at the end of the day, you can then include your tip within this. Why would a place chose to use your service instead of their own? I get that they don't offer you the option to buy your friend in another country a drink but I don't see why you wouldn't just send him the money if you really felt the need to buy him a drink (which I don't think many people will)
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Hey, I'm interested in everyone's opinions on this. I find so often when looking for ICOs I come across something that sounds like a good idea but then am instantly put off when they all seem to trying to raise 10s of millions for something I would deem could be perfectly possible with only a couple of million or even less.
Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?
Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?
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Hey guys, really cool project and I'm going to read over whitepaper a little more in detail in the coming days. One thing I would say is it would be nice if you could add more info on the token sale to both the ANN thread and the website, it's a bit off putting to have to go through 30 or so pages of your white paper just to find out how much you're looking to raise.
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I believe in bitcoin as an asset and long term as a store of value but not in the grand dream that some people have of it becoming the adopted currency of the world.
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Trading and investing are both good and are pretty much the same thing, the difference is that investing is basically a long term trade. Personally I am an investor instead of a trader as I do not have the time or skills necessary to really trade too actively.
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If super powers etc are out of the question then really although it's selfish I would wish for money, so many problems in my life could be solved if I had enough money.
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I think it is beyond far-fetched for bitcoin to ever reach 1m each. I think even a price of 100k is probably beyond the realistic expectations of most people, but far more likely.
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