alyssa85
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January 17, 2017, 05:50:34 PM |
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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. And the price is now up to $899, which means the blip down to circa $800 was a mere correction.
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pealr12
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January 17, 2017, 06:08:45 PM |
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It's coming, are you ready?
Im always ready to whatever will happen.. the best thing that excites me if bitcoin can regain the price of 1150$ and starts to pump its price to the highest level.like no one could ever imagined.
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coinplus
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January 17, 2017, 06:19:36 PM |
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Hey, thanks for sharing this table. Really impressive information. Nice to have and nice to show my friends. Moreover I never believe in the term bubble, yes I always use 'rally' instead of that. Bubble maybe a term of pessimists. Being a trader I do view this as a potential commodity's life cycle. More are yet to come. Hopefully these rally will continue to buy yacht in near future ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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BitcoinPanther
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January 17, 2017, 11:12:01 PM |
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It's more like:
1. Rally to $266 2. Rally to $1300 3. Rally to $35000
I agree that there will be another bubble coming but i wonder where you get our math in here? That $35,000 as much as I wanted to see it is a wishful thinking saying that price this early. So tell me how did you calculate it or you just put some random numbers in there? Probably the second one. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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LuanX3
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January 18, 2017, 12:41:24 AM |
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It's more like:
1. Rally to $266 2. Rally to $1300 3. Rally to $35000
I agree that there will be another bubble coming but i wonder where you get our math in here? That $35,000 as much as I wanted to see it is a wishful thinking saying that price this early. So tell me how did you calculate it or you just put some random numbers in there? Probably the second one. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I am not sure too how he calculated it, maybe just because of mere speculations. If it does realy $35,000, then that is a sight to behold. A bitcoin can buy you a nice house or a low end sports car by then. Heck, if I just held my bitcoins back in 2015, I would be a millionaire by that time. Oh well.
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rjclarke2000
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January 18, 2017, 08:49:47 AM |
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It's more like:
1. Rally to $266 2. Rally to $1300 3. Rally to $35000
I agree that there will be another bubble coming but i wonder where you get our math in here? That $35,000 as much as I wanted to see it is a wishful thinking saying that price this early. So tell me how did you calculate it or you just put some random numbers in there? Probably the second one. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I am not sure too how he calculated it, maybe just because of mere speculations. If it does realy $35,000, then that is a sight to behold. A bitcoin can buy you a nice house or a low end sports car by then. Heck, if I just held my bitcoins back in 2015, I would be a millionaire by that time. Oh well. Hodl and hodl well. My target and dream is to be able to buy a house or more with my bitcoins. I will hodl until this is possible!
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arbitrage
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January 18, 2017, 09:26:36 AM |
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Good thing is that everytime bubble burst, floor is higher and higher. So if this continues price will only rise, with small corrections. Bad things we cannot relay much on altcoins, those kind of investment becoming more and more dangerous. Also risk of holding coins on markets increases rapidly.
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CyberKuro
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January 18, 2017, 11:15:05 AM |
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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. It will more reasonable if you said third bubble to $1500 or $2000, because $35,000 is too far far away from now. Or maybe you mistyped that, is it $3500? I'm sure we can get back to $1200 in the next month as the price slowly increases again. But, still there is a problem to those who don't want bitcoin price rise up due to what they do (daily trading). Well, as long as we have money, buy more and more bitcoin to gird up one's loins.
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NeuroticFish
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January 18, 2017, 11:25:50 AM |
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We must even be still in bubble 6 and merely in a correction/profit-taking phase.
If we would be in a bubble, people would be busy arguing about the price and trading like there's no tomorrow. I think that we are after a bubble and we can sit and discuss. I feel it's an after-bubble correction and I think that this is the current state of Bitcoin, a well deserved 900-ish in January 2017. Of course, that means your table, while it's nice and made me smile, needs to be adjusted. And it's too early for a new big bubble; we may stay for months in 800-1000 range...
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Juggy777
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January 18, 2017, 05:22:48 PM |
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Have to disagree with you op on this, as your view is not at all justified, a slight up and down doesn't mean a bubble is coming, it happens all the time, I will Bitcoin will be stable for now and should rise hopefully, until something like China incident is repeated but don't see any reason for near future to see its fall. I feel you should not panic so much, and trust the power of Bitcoin, and just cause it's happened in past, it won't happen again.
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richardsNY
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January 18, 2017, 09:47:17 PM |
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Good thing is that everytime bubble burst, floor is higher and higher. So if this continues price will only rise, with small corrections. Bad things we cannot relay much on altcoins, those kind of investment becoming more and more dangerous. Also risk of holding coins on markets increases rapidly.
People mostly worry about the price that has gone down and complain afterwards, but if you look at the long term charts then you can see what level of growth we have gone through. If you look at it from that point, then you're right, floors have become higher and higher. Regarding altcoins, we never have been in a position to rely on altcoins as they only serve as a speculative investment solution. Quite often when Bitcoin heads down people jump into altcoins and vice versa, but that's just because people follow the money.
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Tanic
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January 18, 2017, 10:36:28 PM |
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What is the bubble in the economical sense? It's is the moment when the price is directly growing and on some stage it stops to grow and it starts the moment of directly going down with tiny tryings to up the price. I think this is the far future for bitcoin, but I can't call the exactly year of it.
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aardvark15
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January 19, 2017, 01:09:48 AM |
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Another bubble will come and then a correction. It seems to be like any market in the sense that the supply and demand varies and there is some manipulation involved.
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noormcs5
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January 21, 2017, 05:36:58 AM |
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We must even be still in bubble 6 and merely in a correction/profit-taking phase.
If we would be in a bubble, people would be busy arguing about the price and trading like there's no tomorrow. I think that we are after a bubble and we can sit and discuss. I feel it's an after-bubble correction and I think that this is the current state of Bitcoin, a well deserved 900-ish in January 2017. Of course, that means your table, while it's nice and made me smile, needs to be adjusted. And it's too early for a new big bubble; we may stay for months in 800-1000 range... For me if bitcoin remains stable above 900$ for three to four months, then bitcoin is again ready to set up for next big bubble. I think this time after bubble and pump, we shall see price stable at the high prices and not falling down much. If all start buying and so selling, bitcoin will just blast to 5000$ or even more.
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maker88
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January 21, 2017, 04:09:00 PM |
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Why "3.0" when the last bubble was number 6....?
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alyssa85
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January 21, 2017, 05:02:43 PM |
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What is the bubble in the economical sense?
The usual definition of a bubble is when prices move but there are no changes in fundamentals to justify the move. The rise from $700 to $1100 in December was a bubble because during that point there was no big adoption of bitcoin, no sudden uptake in using it, no resolution to the blocksize debate, nothing real behind it at all.
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Vaskiy
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January 22, 2017, 03:04:53 AM |
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What is the bubble in the economical sense?
The usual definition of a bubble is when prices move but there are no changes in fundamentals to justify the move. The rise from $700 to $1100 in December was a bubble because during that point there was no big adoption of bitcoin, no sudden uptake in using it, no resolution to the blocksize debate, nothing real behind it at all. Bubble in bitcoin price is just to gain more support from the people who make reasons to join bitcoin communities. And the ongoing price after the sudden rise and fall is the real increase. The bubbles help in more adoption and decrease the volatility. The next bubble can be expected by the year ending.
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Slark
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January 22, 2017, 03:15:24 AM |
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Good thing is that everytime bubble burst, floor is higher and higher. So if this continues price will only rise, with small corrections. Bad things we cannot relay much on altcoins, those kind of investment becoming more and more dangerous. Also risk of holding coins on markets increases rapidly.
I expect that our next floor (current one?) will be even more secure due to PBOC stepping in with exchange regulations. Hopefully we get rid of ultra fluctuation, fake volume, margin trading with borrowed money which caused mostly problems for legit traders.
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lumeire
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January 22, 2017, 03:47:35 AM |
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Hopefully we'd establish a $1000 baseline by month's end.
Although the thing that bothers me is that the more the BTCBTCBTC's price rises, the more regulators will look into it. 2017 might be the year we see a full scale taxation of BTCBTCBTC.
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X-ray
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January 22, 2017, 03:51:05 AM |
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Hopefully we'd establish a $1000 baseline by month's end.
Although the thing that bothers me is that the more the BTCBTCBTC's price rises, the more regulators will look into it. 2017 might be the year we see a full scale taxation of BTCBTCBTC.
the taxation have nothing to do with the current price, $1000, $2000, or whatever if the government have seen bitcoin as an option for those riches to save their wealth and they're starting to use it .then the regulation may be released, it's the matter about how much the government will make bitcoin as source of income from the taxes and whether it's worth it or not. ,
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