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Author Topic: The Bitcoin Bubble Will Turn Into Mania Before It Bursts  (Read 1460 times)
RoyBatty
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June 25, 2017, 03:36:29 AM
 #21

Lol we are definitely NOT in a bubble.
freedomno1
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June 25, 2017, 06:57:22 AM
 #22

The forbes article at least has a logic behind it the price has risen a lot and some is fundamentals but how much is that versus just rally.

At least its better than some other forbe articles that wrote Bitcoin was dead... their other constant theme, the author here has some idea of what he is talking about based on what has happened in the past to other assets.

Corrections do happen but the technology and utility is there aka blockchain and crypto is not dead and it will grow in time but that doesn't mean the path is straight there can be dips and bumps on that road and pops do happen and when they do it can be a long wait till the next rise.

He-he on a sidenote back in the time machine dead at 15.15 a coin so ya forbes take with a serious grain of salt
https://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/#17cc7b865d71
https://99bitcoins.com/so-thats-the-end-of-bitcoin-then/

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tokeweed
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June 26, 2017, 06:19:20 AM
 #23

Isn't the market already in a state of 'mania' now, and has recently been correcting itself lately?  The mania in Ethereum too has also been correcting itself. 

We never know, the whales may have been already starting to unload causing the correction.

R


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June 27, 2017, 01:17:12 AM
 #24

This might well be true, but it is very difficult to time the market.
How do you time the market? If Bitcoin is rising rapidly, people may be tempted to book profits even before it reaches 'mania' level.
On the other hand, you might sit on it for too long and the bubble might burst....
By the way it is described in the article a mania is nothing more than a super bubble, this means the bubbles we have experimented are going to come short to what we are going to see, the only way to not miss it is to be a long term holder and to have a target price, some people have speculated prices as high as a million for bitcoin, while that is unrealistic, there is no doubt that in a mania we will see ridiculous prices.
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August 01, 2017, 03:05:46 PM
 #25

the word "bubble" is reserved for the typical american stock exchange gamblers blowing everything into dispoportional speculation as usual. We the bitcoiners or all coiners together do not even reach a 0,01% of market potential and capitalisation facing a 10 trillion world trade volumen anually.  The way the bitcoin structure grows into the user markets we still have 25 years heavy growth coming up and if everyody would fight  Fiat system rather than begging for legalization into a toxic system (to become toxic ourselves) we have done more fo this world than anybodyelse.

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August 01, 2017, 04:00:32 PM
 #26

Well the forbes magazine is not like bitcoin enthusiastic. Maby this is true but I believe it is just the everyday punch which bitcoin gets from people who earn their money with fiat (banks).

Furthermore if you don´t depend on the money right now and are a HODLer, after each bubble in BTC the price has gone up again. My opinion is those few early bubbles were pump&dumps coordinated by whales, which is now much harder due to the high market cap

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