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Author Topic: Is Bitcoin in a bubble right now?  (Read 1768 times)
mr.mister
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March 23, 2017, 07:00:26 PM
 #1



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?

Now that Bitmain is signaling SegWit on LTC, they need to do the same for BTC
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March 23, 2017, 07:21:47 PM
 #2

It might go down to around that price, but the trend has in the long rong always been that the price has been increasing. I think we are faced with two possibilities. Either the price continues to follow that trend, i.e. continues to increase, or something really major (larger than the fork or regulations, Bitcoin is resilient enough to survive those) happens and it crashes/dies out.
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March 23, 2017, 07:23:43 PM
 #3

Yes, I think it belongs around $700.

But I am not mister financial wizard.

I hereby reserve the right to sometimes be wrong
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March 23, 2017, 07:24:43 PM
 #4



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?
No, the bubble was a little while ago out of the ETF hype (which wouldn't have made people invest straight away anyway).  I think that Bitcoin's price is going to be pretty stable around this price unless a hard fork is imminent in which case it might drop to a minimum of what it was before all of these huge price increases started happening (around early December).
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March 23, 2017, 07:45:03 PM
 #5



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?
No, the bubble was a little while ago out of the ETF hype (which wouldn't have made people invest straight away anyway).  I think that Bitcoin's price is going to be pretty stable around this price unless a hard fork is imminent in which case it might drop to a minimum of what it was before all of these huge price increases started happening (around early December).


What's the forecast / target price for BTC by the end of this year then??

Now that Bitmain is signaling SegWit on LTC, they need to do the same for BTC
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March 23, 2017, 07:50:33 PM
 #6

@mr.mister
On one financial article I was reading about Bitcoin (might have been on Forbes or a similar site) I saw most financial experts interested in bitcoin stated their estimates for the close of the year are between 1500 and 2000 USD (wow that crazy right) and two of the interviewed experts said their estimates were 2500 to 3500 USD, even more crazy. this seems significantly too high but all of us with large amounts of BTC will be glad if those estimates are anywhere near correct. I think that this article interviewed only 10-20 investment experts so take these estimates with a grain of salt.

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March 23, 2017, 08:03:48 PM
 #7



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?
I'm thinking the same thing ~$800 could actually be the next price floor of bitcoin in the next upcoming months. I feel like there will be some dumping that might happen before or after the fork. This is just my 2 sats.

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March 23, 2017, 08:17:03 PM
 #8



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?
I'm thinking the same thing ~$800 could actually be the next price floor of bitcoin in the next upcoming months. I feel like there will be some dumping that might happen before or after the fork. This is just my 2 sats.

there is no fork yet. none of it will happen until they see there is good money to make. the greedy bastards has to accumulate BU on the exchanges yet before this could happen. once they find the volume to be quite good then that's the time they will split. thats when price will hit the canvass.

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March 23, 2017, 08:38:41 PM
 #9



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?

It is very possible that BTC's price would go down to the 700-dollar level if the hard fork will push through. I believe after hard fork, the market will be in a chaos and crazy price swings will be present. Many traders will be in the prowl waiting to make money out of that chaos. But in the long run, either of the 2 coins will be at $1000 again. On the other hand, we must remember that many developers still think that the hard fork has a fairly low chance. With that in mind, we might have a very stable price ranging from $1000 to $1200 in the coming months. 

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March 23, 2017, 10:02:22 PM
 #10

I do wish people would stop calling any price rise at all a bubble.

A bubble is a totally different beast that takes your breath away. This was a rally/rise.

But yes, 7-800 is eminently achievable. I don't think it'll be down to a fork because the likelihood of one is remote, but if there was one most of us would be dreaming nostalgically of 7-800.

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March 23, 2017, 10:07:01 PM
 #11

I do wish people would stop calling any price rise at all a bubble.

A bubble is a totally different beast that takes your breath away. This was a rally/rise.

But yes, 7-800 is eminently achievable. I don't think it'll be down to a fork because the likelihood of one is remote, but if there was one most of us would be dreaming nostalgically of 7-800.
Wont happen untill 30% of the cold storage gets dumpt because of a brain error. I will buy bulk if that ever happens.

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March 24, 2017, 10:04:00 AM
 #12

I do wish people would stop calling any price rise at all a bubble.

A bubble is a totally different beast that takes your breath away. This was a rally/rise.

But yes, 7-800 is eminently achievable. I don't think it'll be down to a fork because the likelihood of one is remote, but if there was one most of us would be dreaming nostalgically of 7-800.


Totally agree with you. what we saw over the last 1.5 years was a healthy and steady growth.A nice bull run if you want call it like that.
A Bubble is indeed a completely different thing. People should have a look on the chart of 2013!Two bubbles occured in that year!
And yes we can go lower as we are right now. We are in very unpredictables times at the moment, thus we see this in the markets.Bitcoin's dominance at an all time low, shitcoins in a bubble and gaining more and more traction.

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March 24, 2017, 10:43:56 AM
 #13



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?
I'm thinking the same thing ~$800 could actually be the next price floor of bitcoin in the next upcoming months. I feel like there will be some dumping that might happen before or after the fork. This is just my 2 sats.
I feel that the price of bitcoin won't fall anymore. Possibly it will be standing above $1000 by the upcoming months. The reason is that bitcoin has the potential to withstand hard situations, because long back itself bitcoin have faced several such issues in its path.


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March 24, 2017, 10:48:37 AM
 #14



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?
I'm thinking the same thing ~$800 could actually be the next price floor of bitcoin in the next upcoming months. I feel like there will be some dumping that might happen before or after the fork. This is just my 2 sats.
I feel that the price of bitcoin won't fall anymore. Possibly it will be standing above $1000 by the upcoming months. The reason is that bitcoin has the potential to withstand hard situations, because long back itself bitcoin have faced several such issues in its path.
Well, the only issue is that the people are panicking and thus the moment we almost break resistance we always fall back down with red candles. Until we resolve the BU and BTC + Segwit as well as the HF situation we'll continue moving sideways or down. There's just nothing to trigger more buying because there's nothing actually good that could happen to cause this. Of course we have withstood bigger situations without much issue but at this point nothing is getting done and it's just a stalemate between BTU and the rest of the bitcoiners.














 

 

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Caladonian
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March 24, 2017, 10:50:29 AM
 #15



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?
I'm thinking the same thing ~$800 could actually be the next price floor of bitcoin in the next upcoming months. I feel like there will be some dumping that might happen before or after the fork. This is just my 2 sats.
I feel that the price of bitcoin won't fall anymore. Possibly it will be standing above $1000 by the upcoming months. The reason is that bitcoin has the potential to withstand hard situations, because long back itself bitcoin have faced several such issues in its path.
well right if you see more problem was already been solved before and the fluctuation still ongoing i see dump but new investors are showing interest and from that dump another rises up will happen those new comers are also taking advantage of this value maybe 1k$ is possible for new ath, hope we wont to see downfall anymore.

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March 24, 2017, 10:51:15 AM
 #16

BTC has to go down to the 800's to confirm this multi years massive cup & handle pattern. If confirmed, after that target of $2200.
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March 24, 2017, 11:00:37 AM
 #17

I do wish people would stop calling any price rise at all a bubble.

A bubble is a totally different beast that takes your breath away. This was a rally/rise.

But yes, 7-800 is eminently achievable. I don't think it'll be down to a fork because the likelihood of one is remote, but if there was one most of us would be dreaming nostalgically of 7-800.


Totally agree with you. what we saw over the last 1.5 years was a healthy and steady growth.A nice bull run if you want call it like that.
A Bubble is indeed a completely different thing. People should have a look on the chart of 2013!Two bubbles occured in that year!
And yes we can go lower as we are right now. We are in very unpredictables times at the moment, thus we see this in the markets.Bitcoin's dominance at an all time low, shitcoins in a bubble and gaining more and more traction.
Yes, a slow progress never be the characteristics of bubble. Now also bitcoin prices are showing more stability around $1050 levels which is always would trigger up surge at any time. I do see this topic is just another FUD but making us to have secondary thinking I mean we cannot ignore this types of arguments on first read itself. I am not seeing any sudden fall of bitcoin prices in any near future.

Along with soft fork, we are going to test $2000 levels in second quarter of 2017. A hard fork may follow the soft fork based on the feasibility of soft fork. Bitcoin's success is its community. We should not get it split. Being united must be the only way to stay strong.


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March 24, 2017, 11:41:54 AM
 #18

Well, not anymore. It was definitely in bubble right before etf.
But its seeing 800s-900s-1000s cant be bubble. There are still long term holders. Even with fork discussion.

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March 24, 2017, 11:56:03 AM
 #19



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?

I don't think so . Maybe  there are some bad news for bitcoin but it could be an intended decrease from big whales after bitcoin had a hot increase from this early year and so it will need some corrections through some bad news. I think the deadline is around 950$ - 1000$ for sure.
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March 24, 2017, 12:49:44 PM
 #20



Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?

What do you guys think?
- Tighter china regulation and fud regarding PBOC investigation have already caused massive dump few months ago so i don't think it still have some effect on market.

- Rejection of the ETF by SEC is also an old news

- The only reason we can assume right now is the fear regarding possible dump after network split, but i don't think that gonna happen.

- I will be happy to buy back at $700-$800 range, but i don't think price can go to that level  Grin



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