Not Bubble - Bitcoin Growing Up, Heading to $10,000: Dave Chapman

[real_links]

No one knows if the recent rally is the last pump before the bubble pops, or indeed if it is the tipping point. But, Octogon Strategy Dave Chapman is seeing a new breed of investors flowing towards cryptocurrency that makes him believe Bitcoin is growing up.

Chapman’s company, which specializes in commodity investment, especially digital currencies, is seeing a new flow of institutionalized money opening accounts with Octagon. These new account holders are the type of people that make it look like Bitcoin is growing up, not preparing to pop.
https://cointelegraph.com/news/not-bubble-bitcoin-growing-up-heading-to-10000-dave-chapman

[hello_good_sir]

No one knows if the recent rally is the last pump before the bubble pops, or indeed if it is the tipping point. But, Octogon Strategy Dave Chapman is seeing a new breed of investors flowing towards cryptocurrency that makes him believe Bitcoin is growing up.

Chapman’s company, which specializes in commodity investment, especially digital currencies, is seeing a new flow of institutionalized money opening accounts with Octagon. These new account holders are the type of people that make it look like Bitcoin is growing up, not preparing to pop.
https://cointelegraph.com/news/not-bubble-bitcoin-growing-up-heading-to-10000-dave-chapman

He obviously is biased, at least to some degree, since he owns a digital currency trading company and his financial gains depends on how many people sign up with him. So it's not surprising that he has made these sort of predictions.

Is this going to be the last pump before the whole thing pops? Probably not. We'll see another pump most likely after Segwit activation in less than a week's time since people will actually reap the benefits of Segwit from that point.

But you can be sure to have corrections after the last pump. Price isn't going to stabilize after the last pump, it's going to go down and down. Perfect buying opportunity for when the price rebounds.

[BitcoinBarrel]

It's not that farfetched to believe, look at the rate Bitcoin is growing in hashrate and adoption. Investors hearing about the huge returns crypto-currencies are bringing are bound to start diversifying their portfolios eventually. What I have come to realize, is Bitcoin always seems to amaze. It's easy to look at the 2013 bubble and compare it to now, but there are many different variables at work today.

[pooya87]

the problem with bitcoin price is, it rises fast and when it does the first thing people think of is a bubble sometimes without even knowing what it really means. and whenever price comes down, like in a correction for example, again the first thing that people think of is a bubble bursting and all kinds of doomsday theories.

the funny thing is that this has been happening from the start. even when price was less than a dollar. from 1 cent to 1 dollar was a 9900% rise. was it a bubble? did bitcoin die?
rise from 1 dollar to 20 dollar was a 1900% too. was it a bubble? did bitcoin die?

this is actually a very interesting topic that didn't get the attention it deserved in my opinion: https://bitcointalk.org/index.php?topic=2093528.0

[iram1011]

the problem with bitcoin price is, it rises fast and when it does the first thing people think of is a bubble sometimes without even knowing what it really means. and whenever price comes down, like in a correction for example, again the first thing that people think of is a bubble bursting and all kinds of doomsday theories.

the funny thing is that this has been happening from the start. even when price was less than a dollar. from 1 cent to 1 dollar was a 9900% rise. was it a bubble? did bitcoin die?
rise from 1 dollar to 20 dollar was a 1900% too. was it a bubble? did bitcoin die?

this is actually a very interesting topic that didn't get the attention it deserved in my opinion: https://bitcointalk.org/index.php?topic=2093528.0

I cannot agree more. People have only one explanation for the rising price that is Bubble which will pop out soon. That hardly happens. Bitcoin is in uptrend since April and the July dip wasn't a correction but uncertainty caused by fork. There is a genuine increase in demand of cryptocurrencies this year. There is increased awareness about Bitcoin among people. Cryptocurrencies are attracting investment at high rate today. Hence, this price is not a bubble.

[severaldetails]

the problem with bitcoin price is, it rises fast and when it does the first thing people think of is a bubble sometimes without even knowing what it really means. and whenever price comes down, like in a correction for example, again the first thing that people think of is a bubble bursting and all kinds of doomsday theories.

the funny thing is that this has been happening from the start. even when price was less than a dollar. from 1 cent to 1 dollar was a 9900% rise. was it a bubble? did bitcoin die?
rise from 1 dollar to 20 dollar was a 1900% too. was it a bubble? did bitcoin die?

this is actually a very interesting topic that didn't get the attention it deserved in my opinion: https://bitcointalk.org/index.php?topic=2093528.0

I cannot agree more. People have only one explanation for the rising price that is Bubble which will pop out soon. That hardly happens. Bitcoin is in uptrend since April and the July dip wasn't a correction but uncertainty caused by fork. There is a genuine increase in demand of cryptocurrencies this year. There is increased awareness about Bitcoin among people. Cryptocurrencies are attracting investment at high rate today. Hence, this price is not a bubble.

I am thinking that till a few months ago mainly speculants have put money in bitcoin.
And during the last months maybe a small fraction of the population that has an open mind for upcoming developements.
When it's right what Chapman analysis says, then the real money is still waiting to enter the crypto market.
Maybe once that has happened we can discuss the bubble theory again.
For the moment I do not see it.

[btc_angela]

the problem with bitcoin price is, it rises fast and when it does the first thing people think of is a bubble sometimes without even knowing what it really means. and whenever price comes down, like in a correction for example, again the first thing that people think of is a bubble bursting and all kinds of doomsday theories.

the funny thing is that this has been happening from the start. even when price was less than a dollar. from 1 cent to 1 dollar was a 9900% rise. was it a bubble? did bitcoin die?
rise from 1 dollar to 20 dollar was a 1900% too. was it a bubble? did bitcoin die?

this is actually a very interesting topic that didn't get the attention it deserved in my opinion: https://bitcointalk.org/index.php?topic=2093528.0

I cannot agree more. People have only one explanation for the rising price that is Bubble which will pop out soon. That hardly happens. Bitcoin is in uptrend since April and the July dip wasn't a correction but uncertainty caused by fork. There is a genuine increase in demand of cryptocurrencies this year. There is increased awareness about Bitcoin among people. Cryptocurrencies are attracting investment at high rate today. Hence, this price is not a bubble.

I think it is attracting new investors indeed. However, the price has suddenly dip in the last couple of days, we don't know the reason, I suspect that investors just want to cash out because the price is really too high. I still believed that a increase in awareness in bitcoin will push the price to new heights, but we need to see some blips first before someone can enter in the right time. I'm sure this is just a minor price correction, the price could go up anytime soon established new ATH. Time to buy bitcoin now in this dip.

[hatshepsut93]

the problem with bitcoin price is, it rises fast and when it does the first thing people think of is a bubble sometimes without even knowing what it really means. and whenever price comes down, like in a correction for example, again the first thing that people think of is a bubble bursting and all kinds of doomsday theories.

the funny thing is that this has been happening from the start. even when price was less than a dollar. from 1 cent to 1 dollar was a 9900% rise. was it a bubble? did bitcoin die?
rise from 1 dollar to 20 dollar was a 1900% too. was it a bubble? did bitcoin die?

this is actually a very interesting topic that didn't get the attention it deserved in my opinion: https://bitcointalk.org/index.php?topic=2093528.0

This is a very good point, Bitcoin is different from traditional assets in many ways. First, it has started from almost zero value, unlike stocks that have IPO's. Since starting points are very different for Bitcoin and traditional assets, it is less correct to compare their growth rate in plain percentages. Also, Bitcoin is unique asset, because it's the first ever attempt to introduce new type of economy, were transactions are trustless, so it's logical to expect that Bitcoin can outperform any other traditional asset, since they represent only some fraction of economy. Overall, people are so used to small changes on traditional markets, that they automatically assume that if it grows too fast and too much, then it must be a bubble.

[Coffee135]

the problem with bitcoin price is, it rises fast and when it does the first thing people think of is a bubble sometimes without even knowing what it really means. and whenever price comes down, like in a correction for example, again the first thing that people think of is a bubble bursting and all kinds of doomsday theories.

the funny thing is that this has been happening from the start. even when price was less than a dollar. from 1 cent to 1 dollar was a 9900% rise. was it a bubble? did bitcoin die?
rise from 1 dollar to 20 dollar was a 1900% too. was it a bubble? did bitcoin die?

this is actually a very interesting topic that didn't get the attention it deserved in my opinion: https://bitcointalk.org/index.php?topic=2093528.0

I cannot agree more. People have only one explanation for the rising price that is Bubble which will pop out soon. That hardly happens. Bitcoin is in uptrend since April and the July dip wasn't a correction but uncertainty caused by fork. There is a genuine increase in demand of cryptocurrencies this year. There is increased awareness about Bitcoin among people. Cryptocurrencies are attracting investment at high rate today. Hence, this price is not a bubble.

I think it is attracting new investors indeed. However, the price has suddenly dip in the last couple of days, we don't know the reason, I suspect that investors just want to cash out because the price is really too high. I still believed that a increase in awareness in bitcoin will push the price to new heights, but we need to see some blips first before someone can enter in the right time. I'm sure this is just a minor price correction, the price could go up anytime soon established new ATH. Time to buy bitcoin now in this dip.

No amount of training and growth in demand will not prevent bitcoin from large failures. It happens all the time due to well coordinated actions of whales in the foreign exchange market. Nobody knows how many coins they have. I always during such failures buy and maybe make their life harder. If everyone will buy it will be without coins and failures will be no more.

[Vaskiy]

Everything is clear. Fluctuations and unexpected price drops were common with bitcoin. If something is quiet stable then it's confirmed that the growth is low. Here looking the fluctuations we can be sure that inflow and outflow us taking place and depending is the growth variation taking place. As stated in the thread bitcoin heading to $10000 is gonna happen, because in the past people speculated that price reaches $5000. By that time majority said the chances were low, now they believe it. Same happens in the future when price increase continues.

[alani123]

Bitcoin is currently undergoing through massive adoption and its economy is expanding every day. Same goes for ethereum but BTC is seing more of a rise due to its name and larger pre-existing support and security of the network thanks to miners as well.

This is every bitcoiner's dream come true in terms of adoption.

[HeRetiK]

Is this going to be the last pump before the whole thing pops? Probably not. We'll see another pump most likely after Segwit activation in less than a week's time since people will actually reap the benefits of Segwit from that point.

But you can be sure to have corrections after the last pump. Price isn't going to stabilize after the last pump, it's going to go down and down. Perfect buying opportunity for when the price rebounds.

All of this has happened before, and it will happen again. Will there be a 10k Bitcoin? Probably. Will it reach 10k before a major correction? Probably not.

Bitcoin is more stable than it has ever been, yet to believe that Bitcoin will just continue to grow indefinitely at its current rate is rather naive. Once the upward momentum is lost profits will be taken, even if only to buy back in at a later date.

It's not that farfetched to believe, look at the rate Bitcoin is growing in hashrate and adoption. Investors hearing about the huge returns crypto-currencies are bringing are bound to start diversifying their portfolios eventually. What I have come to realize, is Bitcoin always seems to amaze. It's easy to look at the 2013 bubble and compare it to now, but there are many different variables at work today.

Bitcoin has grown up for sure. It will still take a while until people fully trust crypto-currencies however. For most it's still a highly speculative asset.

[bouren]

No one knows if the recent rally is the last pump before the bubble pops, or indeed if it is the tipping point. But, Octogon Strategy Dave Chapman is seeing a new breed of investors flowing towards cryptocurrency that makes him believe Bitcoin is growing up.

Chapman’s company, which specializes in commodity investment, especially digital currencies, is seeing a new flow of institutionalized money opening accounts with Octagon. These new account holders are the type of people that make it look like Bitcoin is growing up, not preparing to pop.
https://cointelegraph.com/news/not-bubble-bitcoin-growing-up-heading-to-10000-dave-chapman

Bitcoin needs much more air to filled in before this bubble could burst. Still in most of the developing nations, more than 99% of population don't know what even bitcoin means!!
At present bitcoin is spreading its feet in these countries at very fast pace. The wide-spread adoption is the reason why it jumped too fast from $3k to $4k. This rally is much to go in coming years. According to me, we could see $15000 at reaching 2019 with little up downs during this period. So if someone is lazy investor, he can just leave his money in BTC for 2 years and come back in 2019 to celebrate. 

[sukamasoto]

Bitcoin is currently undergoing through massive adoption and its economy is expanding every day. Same goes for ethereum but BTC is seing more of a rise due to its name and larger pre-existing support and security of the network thanks to miners as well.

...

Let say if all country also accept bitcoin when bitcoin reach another mature age, bitcoin value will increase more than today's highest value
So it's a wise move to keep believe bitcoin by investing it over time. No one can predict the future but people always looked for better future and you can find it on bitcoin

[Denker]

Bitcoin is currently undergoing through massive adoption and its economy is expanding every day. Same goes for ethereum but BTC is seing more of a rise due to its name and larger pre-existing support and security of the network thanks to miners as well.

This is every bitcoiner's dream come true in terms of adoption.

I don't think we see massive adoption. It's still a lot of speculation.Before we see any mass adoption by users you can be sure the big money, financial investors of huge scale will have entered before that.
We will probably another 3-5 years before mass adoption can happen. Still difficult to use and safe the coins for many users, too techy.And the network also would not be able to handle this huge amount of transactions. We have time so just let us be patient and do things properly. Once real adoption kicks in I believe we will crazy prices. 6 figures is definitely possible, in today's purchasing power, but it'll take time.

[sailman]

Money is crystallized energy and like blood needs to circulate. I can't pay my rent, buy groceries, pay a traffic ticket or my power bill with bitcoin. I use it to buy things off Amazon and whatever else I can because until people start using it as a viable currency and start circulating it, its starting to look like a giant ponzi scheme. It's a good sign that companies like  Amazon are accepting it as well as major banks etc. they're not going to invest energy into a losing thing. So my thing is to hodl and spend, thereby supporting the idea and the community. Money/bitcoin/chickens/stones ( depending on the times you live in) need to be circulated or else they die.