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Author Topic: Is it a Bubble?  (Read 1585 times)
shamzblueworld
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May 19, 2017, 05:03:05 AM
 #1

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?


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May 19, 2017, 05:08:23 AM
 #2

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?
Well if you believe how this investment will become huge we knew fluctuations is always there in terms of the price as bitcoin really getting support coming from newcomers and mainstream media, if this is just a bubble maybe it will crashed instantly but as we move forward the value still strong.

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May 19, 2017, 05:28:52 AM
 #3

Before the WanaCry malware attack, we were well under way to reach $2000 or more, but this attack stalled that progress. As soon as people realize that Bitcoin is not the threat, they will start buying again. I think a lot of them might have thought that Bitcoin user were targeted and they are waiting for the worst to blow over.

The FUD that were spread in the media, might have clouded their decision making regarding Bitcoin investments. ^hmmm^

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May 19, 2017, 05:37:36 AM
 #4

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?

go check the price history and see how it has changed. don't just look at the price, but also check the timing it took to get to a price then if you could go and check the new to see the reason for each drop and size of them. then you can get your answer, or at least get a general idea.

in short anything is possible. but the chances of a drop that big (about $900 at this point) is not enough to be considered. there can surely be drops in the future for many reasons ranging from a simple correction to a widespread FUD but in the market there always is a pretty strong buy support which is waiting to buy bitcoin at lower prices, and a 100 dollar drop is big enough for people to just at the opportunity and buy.

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May 19, 2017, 05:42:16 AM
 #5

i'm on the fence, but it's not a real bubble, with the current premise a real bubble would shot much higher than this, i see it as a natural grow because of the adoption reason that are proceed greatly

but no one know for sure, the bottom before this increase was around $1300, even if this si a bubble i can't see the value returning below $1500 anymore

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May 19, 2017, 05:42:54 AM
 #6

Before the WanaCry malware attack, we were well under way to reach $2000 or more, but this attack stalled that progress. As soon as people realize that Bitcoin is not the threat, they will start buying again. I think a lot of them might have thought that Bitcoin user were targeted and they are waiting for the worst to blow over.

The FUD that were spread in the media, might have clouded their decision making regarding Bitcoin investments. ^hmmm^


Bitcoin is now recovering from the lost due to the ransomware issue occur recently. I think bitcoin will gonna reach 2000$ price within this day. Maybe some are now curious and want to try bitcoin that's it is now pumping and break the last highest price  before it drops.

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May 19, 2017, 05:45:12 AM
 #7

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?



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May 19, 2017, 06:29:56 AM
 #8

I expect $2000 to be conquered today, but it will not last. The question if there is a bubble is fundamentally wrong. There is always a bubble. Every market at every time is in some stage of a bubble. This is not exclusive to Bitcoin.

In my opinion this one particular bubble is about to pop soon. We will see 2000+ and then some more, but when the dust settles, we will be well under 2000 - until the next bubble.
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May 19, 2017, 06:51:40 AM
 #9

No this is not a bubble.

This is just returning to normal growth.

We're not even in 5 digits yet.
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May 19, 2017, 07:05:50 AM
 #10

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?
Bitcoin is remaining steady and gaining progressive appreciations along with reasonable volume at any price level and the distribution of traders and investors are in decent number across exchanges globally. It means bitcoin find its huge prices with enough support. There are speculators and there are investors and adopters to make bitcoin to reach these levels.

As long as these new prices are acting into promotional role for bitcoin ecosystem to new people, I believe there will be no chances for this bubble to pop out. It will grow further.

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May 19, 2017, 07:12:35 AM
 #11

It will be a bubble, but we just starting.

I published this chart, when we were at 900 $. Klick on the Play Icon to see how it played out so far.

https://www.tradingview.com/chart/BTCUSD/lLSMXsGW-BTC-longtime-log-chart-12-25k-in-2017/
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May 19, 2017, 07:16:53 AM
 #12

Yes a bubble to $100k
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May 19, 2017, 07:47:39 AM
 #13

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?
No I definitely don't think that Bitcoin is in a bubble right now. The price is going up stably and even if it does drop, it only drops by about 50 to 100 dollars. I seriously doubt that it will drop all the way down to 1000 dollars. You should hold your Bitcoin until you really need to use it or until the price goes up really high. Right now is definitely not a good time to sell.

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May 19, 2017, 07:49:20 AM
 #14

i think buble will come again.. Roll Eyes big buble to lower price
shamzblueworld
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May 19, 2017, 03:05:56 PM
 #15

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again or do you think it won't be going down anymore? Not for too long anyway.(Meaning it may take a huge dump with some whale playing a game or something but will bounce back up soon too)
What are your thoughts?

go check the price history and see how it has changed. don't just look at the price, but also check the timing it took to get to a price then if you could go and check the new to see the reason for each drop and size of them. then you can get your answer, or at least get a general idea.

in short anything is possible. but the chances of a drop that big (about $900 at this point) is not enough to be considered. there can surely be drops in the future for many reasons ranging from a simple correction to a widespread FUD but in the market there always is a pretty strong buy support which is waiting to buy bitcoin at lower prices, and a 100 dollar drop is big enough for people to just at the opportunity and buy.
Just after reading your comment, I went on to check btcprediction.com, here is what they say:
"Over the next 12 hours, we predict the market rate may be estimated at $1826.24;

The market rate difference would be $-126.88;"
I know they cannot be 100% accurate all the time, but I've been taking a peak at them from time to time and they've been quite close to the correct mark most of the times.


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May 19, 2017, 03:09:29 PM
 #16

No this is not a bubble.

This is just returning to normal growth.

We're not even in 5 digits yet.

We need more bagholders to get rid of our 1$ BTCs  Tongue Grin Cheesy Wink

I could use some spare BTC. Lost 131 BTC, thanks to Mt.Gox. Lost 28 BTC with BFL miners. I probably have to sell Virgin Airlines.
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May 19, 2017, 03:10:55 PM
 #17

Do you think bitcoin is in a bubble right now and price will settle back to near a $1000 again



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May 19, 2017, 03:17:05 PM
 #18

this could be the beginnings of a bubble. it's not there yet. it could fall plenty too and i wouldn't call that a crash either.

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May 20, 2017, 12:44:03 PM
 #19


Bitcoin is now recovering from the lost due to the ransomware issue occur recently. I think bitcoin will gonna reach 2000$ price within this day. Maybe some are now curious and want to try bitcoin that's it is now pumping and break the last highest price  before it drops.

Now you're right with price as it has already crossed the $2000 mark. However, this continuous rise in the price in Bitcoin may end up a faux and then bubble down. I think the hype around Bitcoin has made the demand increasingly high, even though unnecessarily high when you consider all the encumbrances in transaction fees and piled-up unconfirmed transaction.

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May 20, 2017, 12:54:04 PM
 #20

you know,  it's a bubble - but maybe only a short term one
there re many positive catalysts the next few years

-  ETFs
-  Hedge / Investment fund formation & buying
-  non-early adopter buying
-  hopefully scaling (segwit +lightning) solution
-  potential safe haven asset
-  next halving before you know it

sure,  lots of possible negs as well,  but the long term trend looks promising


I don't know about you,  but i have tech savvy friends who own no coin still...lot of comers to the party to get in


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