Bitcoin Bubble 3.0

[Slow death]

When the governments of certain countries approve policies that hinder people's investments. People try to protect their investments and run to invest in bitcoin... bitcoin price rises, in a few hours we have huge dump of Altcoins, because altcoins holders want to take advantage of the high price that bitcoin has at that moment

When bitcoin falls, they run to altcoin and altcoin climbs to the sky. Maybe my reasoning is wrong.

It is possible to happen what OP is saying

It's coming, are you ready?

yes.

[Denker]

First of all it wouldn't be bubble 3.0! Bitcoin has already seen more than just 2 bubbles!
And no I don't see it happening any time soon.
Chinese exchanges stopped high leveraged trading which will reduce Bitcoin's volatility even more.However this will make it much more interesting for serious investors.
In the long run of course if we keep growing in terms of user adoption and progress in technology there might be prices of high 4 figures to even 5 figures in a few years or a decade.

[Taki]

You see, the "bubble" it is impossible to call any movement of the market when the rapid rise in prices has followed the decline - it's just an ordinary volatility, which is typical of many assets. Specifically, the term "bubble" refers to a situation when a sharp rise in prices was not based on any economic justification. That is, prices are rising solely because of over-optimistic speculators, and not on the basis of sober consideration of market realities.
When this investment bubble bursts, there is no reason for its re-growth. The market is recovering, speculators understand that they were wrong and that high price was just irrational. But what if, instead of further depressing falling, the price suddenly begins to grow again, and a few months later triumphantly returns to its previous highs? This suggests that, like it or not, the initial rise may not have been so unfounded.

[maku]

It's more like:

1. Rally to $266
2. Rally to $1300
3. Rally to $35000

Your point 3. is not happening during our life time. Not if I base my observations on Bitcoin history so far. Even if investors will be able to start pushing the price so high that race will be doomed sooner or later.
We already have seen seen what it will be: bitcoin will gain momentum price will rise, ready to break ATH and as result Chinese, American (pick your country) central banks will prepare warning and say that bitcoin is not and never will be legal tender or even a currency. Then it will be a crash... Just like the last time 2 weeks ago.

[pitham1]

It's more like:

1. Rally to $266
2. Rally to $1300
3. Rally to $35000

Can you imagine the number of sellers there would be at$1200 levels? A lot of money has to come into the bitcoin system for tge next bubble. I personally would be delighted with $35000, but I dont see it happening soon.

[HarryKPeters]

It's more like:

1. Rally to $266
2. Rally to $1300
3. Rally to $35000

Can you imagine the number of sellers there would be at$1200 levels? A lot of money has to come into the bitcoin system for tge next bubble. I personally would be delighted with $35000, but I dont see it happening soon.

Neither do I. there is no basis for that. With noever 600 we can be very happy the price stablized around 800 dollars now.
Perhaps we see a new up later this year but for now i don't expect any big jumps.

[talkbitcoin]

i have been saying this from the start and for years. bubbles are not good and they never have been. unfortunately about bitcoin it had a couple of them already which makes it look bad and only a trading tool and drives people away from the currency aspect.
but fortunately for bitcoin these bubbles are becoming more rare and also smaller which shows the market is maturing over time and becoming bigger than just a small number of traders pumping.
in time we will see a market more stable than anything ever seen even better than gold.

[ultimatesky]

i have been saying this from the start and for years. bubbles are not good and they never have been. unfortunately about bitcoin it had a couple of them already which makes it look bad and only a trading tool and drives people away from the currency aspect.
but fortunately for bitcoin these bubbles are becoming more rare and also smaller which shows the market is maturing over time and becoming bigger than just a small number of traders pumping.
in time we will see a market more stable than anything ever seen even better than gold.

With bitcoin and crypto in general bubbles are forces to be reckoned with. Why else do you think it got a lot of adoption on such a small notice. When there is mass adoption the price may not be this volatile, but at this moment i rather hope the corrections are in line with the growth.

Instead of another hack bringing the price back 20% or more...

[Sniper44]

It's coming, are you ready?

bubble, crash, moon, dead!
why is everyone in speculation board always so melodramatic

you should come down to earth and start thinking more realistically instead of always thinking and wanting some unreal numbers like $10K or other way $50

[severaldetails]

Hell no. Not another bubble.
The only ones making profit out of bubbles are the major investors.
I prefer the steady growth backed up by real demand of people who want to keep their coins longterm or use them as a way of payment.
But for the next few months, I see no bubble coming. It always takes time after one bubble has collapsed to create another one.

[lumeire]

It's coming, are you ready?

bubble, crash, moon, dead!
why is everyone in speculation board always so melodramatic

you should come down to earth and start thinking more realistically instead of always thinking and wanting some unreal numbers like $10K or other way $50

Because it's speculation. Emotion can heavily influence everything here.

[alyssa85]

I think next bubble is bitcoin bubble 7.0. See the following for the number of bubbles we have had:

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.w5xwlz9hq



We must even be still in bubble 6 and merely in a correction/profit-taking phase.

[CoinCidental]

It's more like:

1. Rally to $266
2. Rally to $1,300
3. Rally to $35,000

$1,300 (or $800 at current exchange rates) to $35,000 is a bit too much to ask for, in my opinion. That would require the market cap to increase to almost $500 billion. It is not theoretically impossible, but at current circumstances I can't see a clear path towards it.

very possible my good man
facebook is worth about 350 B
would you let anyone tell you that bitcoin is less  functional than facebook ??

[CoinCidental]

It's more like:

1. Rally to $266
2. Rally to $1300
3. Rally to $35000

Can you imagine the number of sellers there would be at$1200 levels? A lot of money has to come into the bitcoin system for tge next bubble. I personally would be delighted with $35000, but I dont see it happening soon.

the people who wanted out at 1200 could have left last week ,personally ,i wouldnt dust off my cold storage for anything under 10k
(even when we reach 10k il probably only sell about 20%)

[gentlemand]

the people who wanted out at 1200 could have left last week ,personally ,i wouldnt dust off my cold storage for anything under 10k
(even when we reach 10k il probably only sell about 20%)

Indeed. Reaching multiple thousands and, most importantly, staying there is when it's time to start rethinking whether you should ever sell. It can potentially scrabble around between 400-1200 until the miners give up with no more fresh blood. 

If it goes above and stays above then that means demand has notched up a level while production is winding down. That only points in one direction.

[BitcoinBarrel]

I think next bubble is bitcoin bubble 7.0. See the following for the number of bubbles we have had:

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.w5xwlz9hq



We must even be still in bubble 6 and merely in a correction/profit-taking phase.

With a 1500% ROI at $700 baseline, the $10,000 figure is appropriate (average price of used+new cars)

[alyssa85]

I think next bubble is bitcoin bubble 7.0. See the following for the number of bubbles we have had:

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.w5xwlz9hq



We must even be still in bubble 6 and merely in a correction/profit-taking phase.

With a 1500% ROI at $700 baseline, the $10,000 figure is appropriate (average price of used+new cars)

Which implies we're still in the current bubble, we've merely encountered a correction.

[dothebeats]

When the governments of certain countries approve policies that hinder people's investments. People try to protect their investments and run to invest in bitcoin... bitcoin price rises, in a few hours we have huge dump of Altcoins, because altcoins holders want to take advantage of the high price that bitcoin has at that moment

When bitcoin falls, they run to altcoin and altcoin climbs to the sky. Maybe my reasoning is wrong.

It is possible to happen what OP is saying

It's coming, are you ready?

yes.

Aside from bitcoin, there are other investments out there that could be used to protect these rich people's asses after all. If the conventional investments such as oil, gold and whatnot fails to get what they wanted, it's either they keep their assets offshore on a bank or find some decent item that could store value for the next couple of years. As for the bubble that happened, I think that it's just a perfect execution of price manipulation that drove FOMO to most people causing insanely high prices.

Well I'd love that to happen once more.

[angaper]

I think next bubble is bitcoin bubble 7.0. See the following for the number of bubbles we have had:

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.w5xwlz9hq



We must even be still in bubble 6 and merely in a correction/profit-taking phase.

Beautiful numbers. Although the conditions in which those bubbles occurred were totally different from the current ones, I would like to imagine that they could have a real meaning, and if we see the progression of years, each "period of bubbles" doubles the number of years to pass: 2010, 2011, 2013, 2017? 2025?  

[spazzdla]

Hum... hum...........

Going from the last 3 run ups.. I think we trend between 800-1000 for 40-60days.. then a few days of 20-30% gains taking us to who knows where.