When or WILL the price come back down?

[heruspex]

I personally think this is a big bubble. THe price has grown to big to fast. I just dont think the marketplace outside the SR supports the current valuation.

Unfortunately some people are going to lose alot of money... its just a matter of when.

[deadweasel]

I personally think this is a big bubble. THe price has grown to big to fast. I just dont think the marketplace outside the SR supports the current valuation.

Unfortunately some people are going to lose alot of money... its just a matter of when.

it's not lost until they decide to sell at a loss.  BTC will bounce around some, a few more bubble pops and then maybe some stability.

clearly there is not an economy that supports the valuation, but that won't stop people from buying...

[istar]

I personally think this is a big bubble. THe price has grown to big to fast. I just dont think the marketplace outside the SR supports the current valuation.

Unfortunately some people are going to lose alot of money... its just a matter of when.

If Bitcoin is money, its money in a limited supply and unless you sell them, get hacked or buy something you do not lose them.

[infested999]

When the price went from $20 to $50 was mostly becuase of Kim Dotcom's big investment (MEGA started taking BTC, and Kim promised never to use money that the FBI can take away from him again). Everything after $50 was because of what happened in Cyprus.

Now given Kim Dotcom's history, he is known for the Pump-and-Dump scam, which landed him in jail in Germany, but this time it is perfectly legal and actually helped the Bitcoin economy. He still did not "dump" everything he bought from $20 to $50.

[Brushan]

Since i see bitcoins more like gold than a currency i don't believe that it has to have big marketshare to keep it's value right now. The price rises are opening the public's eyes and we will se more businesses accepting BTC in time.

[BitDreams]

Think of bitcoin as a bucket being filled with water. Imagine the waves splashing about the sides of the bucket as water is poured into your bucket from various heights and sources. When that bucket is full you will know by the absence of splashing. At that point, when bitcoins flow over the edges to be absorbed by the ground below we should expect to see money flowing out of bitcoin in the form of purchased goods and services.

The price of bitcoin will continue to rise until the bucket is full. When the bucket is full people with goods and services to sell will decide they need some water. When they withdraw water from the bucket, the bucket will seek to fill itself in a new manner. What was once a volatile source of filling the bucket (hot venture money) will instead be filled through siphoning the water table (transactional money).

We won't know when the bucket is full till it's full. Consider rain falling upon the desert. You can, with almost certainty, predict the path of the water but you will never know the size of the lake until it has been accepted as a lake. People who think that lake bitcoin is only a floodplain believe that networks and the rain of data will cease to exist. There are many clouds on the horizon.

This has been your bitcoin weather report.
-BitDreams

[dyseac]

Think of bitcoin as a bucket being filled with water. Imagine the waves splashing about the sides of the bucket as water is poured into your bucket from various heights and sources. When that bucket is full you will know by the absence of splashing. At that point, when bitcoins flow over the edges to be absorbed by the ground below we should expect to see money flowing out of bitcoin in the form of purchased goods and services.

The price of bitcoin will continue to rise until the bucket is full. When the bucket is full people with goods and services to sell will decide they need some water. When they withdraw water from the bucket, the bucket will seek to fill itself in a new manner. What was once a volatile source of filling the bucket (hot venture money) will instead be filled through siphoning the water table (transactional money).

We won't know when the bucket is full till it's full. Consider rain falling upon the desert. You can, with almost certainty, predict the path of the water but you will never know the size of the lake until it has been accepted as a lake. People who think that lake bitcoin is only a floodplain believe that that networks and the rain of data will cease to exist. There are many clouds on the horizon.

This has been your bitcoin weather report.
-BitDreams

that was so deep and meaningful i nearly gave myself a reach around... lucky for my my dog saved me the effort.

[BitDreams]

  How many pets have been named Bitcoin? Just added to my wonderment list.

[blockbet.net]

Unfortunately some people are going to lose alot of money... its just a matter of when.

Maybe some people. As long as Bitcoin stays above $10, then I've still profited more than I ever though possible.

A lot of people are afraid of success, so when they're doing well they start to think that something disastrous has to happen soon. It's often a self-fulfilling prophecy, but I'm sure most Bitcoin adopters are smarter than that

[painlord2k]

The price of Bitcoin in what currency?
Give the current and future trend of debasement, I think never.

Bitcoin is designed to take the value out of the fiat paper currencies of the governments into its ecosystem.
Some currency could survive just because they are needed to small, fast exchange (like paying an ice cream). So people could need some silver/copper coin.
But for the rest?
It is like the replacement of typewriters with PC+printers. Why use typewriters anyway now?
Just the PC+printer is better and with the PC you are able to do a lot of things more, like sending the type text somewhere far far away. Publish it on a web page and so on.

The same will come with Bitcoin.

As there is no reason to buy a typewriter, there will be no reason to use fiat money.
Maybe, like a pencil can be useful sometimes, a few copper/silver coin could be handy.

[desired_username]

here we go again. people are like sheep. They need the master to tell them what opinion they should have.

Mainstream media spreads bubble, and we have a degraded community where most of the topics has at least 1 lunatic who says it's a bubble

Who the f cares?

[ElectricMucus]

here we go again. people are like sheep. They need the master to tell them what opinion they should have.

Mainstream media spreads bubble, and we have a degraded community where most of the topics has at least 1 lunatic who says it's a bubble

Who the f cares?

I said "this is the beginning of the bubble" at 20.

[NABiT]

People are already losing a lot of money with austerity, inflation or just outright theft of their savings.

Bubbletalk gets readers, MSM fans who usually don't own what the bubble is supposedly in especially like it.

With bitcoin as @NemoPublious says "Look, I have no clue whether bitcoins will be worth $300 in a year, or $3. But I do know the financial journalists are way over their heads here, their “sources” are useless, and you will learn less than nothing by reading them" https://self-evident.org/?p=993

[alexh]

If there won't be any regulations from governments, i don't think the price will come back down in future. It is basically the gold of the information century, as long as we all trust in it.

[heruspex]

Think of bitcoin as a bucket being filled with water. Imagine the waves splashing about the sides of the bucket as water is poured into your bucket from various heights and sources. When that bucket is full you will know by the absence of splashing. At that point, when bitcoins flow over the edges to be absorbed by the ground below we should expect to see money flowing out of bitcoin in the form of purchased goods and services.

The price of bitcoin will continue to rise until the bucket is full. When the bucket is full people with goods and services to sell will decide they need some water. When they withdraw water from the bucket, the bucket will seek to fill itself in a new manner. What was once a volatile source of filling the bucket (hot venture money) will instead be filled through siphoning the water table (transactional money).

We won't know when the bucket is full till it's full. Consider rain falling upon the desert. You can, with almost certainty, predict the path of the water but you will never know the size of the lake until it has been accepted as a lake. People who think that lake bitcoin is only a floodplain believe that networks and the rain of data will cease to exist. There are many clouds on the horizon.

This has been your bitcoin weather report.
-BitDreams

amazing

[Jobe7]

I personally think this is a big bubble. THe price has grown to big to fast. I just dont think the marketplace outside the SR supports the current valuation.

Unfortunately some people are going to lose alot of money... its just a matter of when.

One thing people fail to see (but they will), is that the 'bubble' is going to pop soon, but the 'bubble' is fiat.

You need to step outside the box when coming to understand bitcoin and what is happening, forget about certain 'economic teachings' and think with a new, clearer mind. The marketplace outside SR very easily supports the value, the marketplace outside SR is THE reason it's reaching these values, and will continue.

If you honestly think the way you say, then sell all your bitcoins now before its too late!

Yes, some people are going to lose a lot of money, but it's not the people you think.

[vvic]

Heck, many people pray bitcoin prices will come down so they can start buying more again
Even if bitcoins prices in fiat falls (let's say amazingly it falls to $50 dollars) then tons of people will start buying it. I will be among them for sure. That will drive prices up again

[davidgdg]

Undoubtedly there will be a correction at some point. Perhaps 20%, perhaps 50%, perhaps more. But it is impossible to know at what level. It could be at US$ 200 or it could be at US$ 2,000. In the meantime, trading is a dangerous strategy. If you think the fundamentals of bitcoin are sound, then the best strategy is to buy and hold for the long-term.