Took just 3 months to double in price. Bubble!!!!!

[SuckMyToys]

The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

[1715129785]

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[1715129785]

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[ASHLIUSZ]

Every user has the positive thinking that the price moves further towards $3k or $5k looking after the new ATH and the continuing growth. Several experts such as Bobby lee too have come out with prediction of price to be moving towards the range of $5k to $11k before the year end of 2020.

[pooya87]

this is not necessarily a bubble just because it went up high so fast. you can not ignore the fact that before this rally started a lot of countries gave some kind of a green light to their people for investing in bitcoin.

something that the governments never talked about is suddenly something they are considering to accept as a legal payment method. this may seem like simple words but this is huge and it attracts a lot of investors. people who have been worried all this time because their government never said anything about bitcoin or was looking at it as something not-so-legal.

[salmanahmedone]

The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

I dont think its a bubble as bubble dont last for long. I think this time its the real price of bitcoin and the rate of increase is due to the demand and trust of bitcoins and also new companies adopting bitcoin making is a low supply, high demand entity.

[aso118]

The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

People usually try to define bubble in terms of how much an asset is overvalued, when compared to its intrinsic valuation. Unfortunately, there is no basis with which you can value cryptocurrencies. For all you know, Bitcoin may be deeply undervalued now. 

[Searing]

The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

I dont think its a bubble as bubble dont last for long. I think this time its the real price of bitcoin and the rate of increase is due to the demand and trust of bitcoins and also new companies adopting bitcoin making is a low supply, high demand entity.

We will ONLY find the real price, (likely much higher) when there is consensus from the BTC devs of many flavors on the block size and scaling stuff.

Man, if they were to announce NOW that they had the same 'handshake agreement" for segregated witness that LTC had....


hell, I just wet myself a little

[Astargath]

this is not necessarily a bubble just because it went up high so fast. you can not ignore the fact that before this rally started a lot of countries gave some kind of a green light to their people for investing in bitcoin.

something that the governments never talked about is suddenly something they are considering to accept as a legal payment method. this may seem like simple words but this is huge and it attracts a lot of investors. people who have been worried all this time because their government never said anything about bitcoin or was looking at it as something not-so-legal.

You are probably right, if you look at the history of bitcoin whenever the price bumped up very fast it always ended up going down later on but bitcoin has been going up since April 10 so I wouldn't really call this a bubble because it didn't really happen that fast

[BitHodler]

Searing, I think it's better to forget about consensus. It's an impossible task with various pools simply not liking the idea of having SegWit activated.

They protest by signalling support for BU just to not let SegWit activate. From there it's obvious that we don't have to expect anything from them.

Not everyone likes this, but the only way to go is UASF. I seriously don't see any other option to have SegWit activated this year ~ we can't wait much longer.

[lizardbtc]

I also don't believe that this is a bubble, it may dump to like 1700$ but not to much. You said it yourself it took 3months, not a week or a day. Considering that Japan legalized bitcoin with other countries looking if they would legalize, btc is at very good position.

Even if it dumps till 1k$ let's say - it will recover and pass the price from where it started to raise so it will be just a great opportunity to get in and buy some more.

The only thing that can happen is that people move to alts and to sell btc because of high unconfirmed transactions, because it is expensive to transfer money, if that gets fixed I don't see any other way why would price go down at this point.

[Mallyx]

Here a real 30y bubble: Berkshire Hathaway

January 2016: 194k
February 2017: 257k

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some kind of a green light to their people for investing in bitcoin

This is about of mistake in "Electronic Currency Trading" and "investing in BTC".

https://coinmarketcap.com/

Who have fun to risk the lose of funds, there are many possibilities other than BTC.

[electronicash]

this is not necessarily a bubble just because it went up high so fast. you can not ignore the fact that before this rally started a lot of countries gave some kind of a green light to their people for investing in bitcoin.

something that the governments never talked about is suddenly something they are considering to accept as a legal payment method. this may seem like simple words but this is huge and it attracts a lot of investors. people who have been worried all this time because their government never said anything about bitcoin or was looking at it as something not-so-legal.

You are probably right, if you look at the history of bitcoin whenever the price bumped up very fast it always ended up going down later on but bitcoin has been going up since April 10 so I wouldn't really call this a bubble because it didn't really happen that fast

true. there are just a lot of things that happen which can give bitcoin's demand to rise and so it did. if the japanese are already started using btc and the australians who also try to promote btc, it wouldn't be surprising to see btc moon. if btc is mooning then i guess the rest of the cryptocoins will also be known for the public.

[phatsphere]

the reason it's "different" this time are all those altcoins. the combined market cap is already going up vertically. the main question is, how artificial is this, and how many of those who bought into this recently (bitcoin or alts) will continue to hold some stake? my feeling is, it might not be bitcoin, but there is a large influx of new capital which is going to stick in the near future.

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the japanese are already started using btc

Calling 2 retailers in Japan as "started using btc" is about nothing.

[AngelSky]

The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

We will be able to see the 5000$ in the couple of years but we need stedy adoption rate over bitcoin and number people using bitcoin also has to increase like a price bubble. BU and Segwit also pushing the bitcoin value to move forwards. Now, price almost we touched the 2000$. It may in the next year as well. Hope for the good.

[Denker]

The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??

I don't care how high we will go in a bubble. Cause sooner or later it will burst. This is why I hope we will see some correction and continue moving up healthy, like we did the last 20 months.
But when the altcoin bubble bursts, and it will, one scenario could be that the money which flooded into the alts may fuel the next mega bitcoin bubble. In such a scenario a price of $5k would be possible.

[Hazir]

the japanese are already started using btc

Calling 2 retailers in Japan as "started using btc" is about nothing.

There is something I found specifically to show you, because bitcoin is accepted by a little more than 2 retailers in Japan:

Earlier, Bitcoin was accepted by over 4500 stores in Japan while over 700,000 outlets actively use other modes of digital payments.
But now, the addition of 260,000 merchants accepting Bitcoin through AirRegi makes cryptocurrency payment option almost as prevalent as Suica and Rakuten’s Edy electronic payments
which are currently accepted at 380,000 and 470,000 locations respectively.

And Japanese bitcoin awareness and acceptance still grows, these numbers might be already outdated as that article was published in early April.
Of course, bitcoin is used but less than 10% probably less of Japanese society, but it is still a reason behind organic growth.

Source: http://www.newsbtc.com/2017/04/05/japan-retail-majors-bitcoin-adoption/

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that the money which flooded into the alts may fuel the

No one stop them to enter to Lithium minining and Li-Ion babberies production investing or some other places.

[Sex Video Chat VKcams.com]

I found specifically to show you, because

Please, not call exchangers and they payment systems as "accepting BTC", retailers are still in local cash.

[Kemarit]

I honestly believed it was a bubble initially, but the more I saw the price getting higher and higher with no burst, I do believed it is not the case. I also speculate that there will be a price correction at $1500-$1600, but it didn't happened. There was some resistance and correction, but it quickly recovered. I think Japan has something to do with this price hike, their trading volumes is at ATH as well. So I think we can conclude that this is not a bubble, the general public is really going crazy buying bitcoin in the market.