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

[lionheart78]

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??

It is sure that one day or another we will see the price reach $3k or $6k , the only thing we all are waiting for is when , when will bitcoin hit 5k. See the current status the possibility of reaching 5k looks more closer day by day, all you job is to hold your money when it reaches 4k also. We would have a price of even 6k now , the only problem is people want to trade which leads the non knowledge investors think it is all over so they sell everything thus making the price to fall more and most of them don't invest again because they feel it is risky.

I agree that one day bitcoin will be at the rate of $3k to $6k a piece or even more.  It just need sometime.  As for the current rise and dip of Bitcoin I think it is more like an overbought and correction stuff.  I do not think that it was a bubble since there is actually a demand for bitcoin due to the hype from big companies from japan joining the bitcoin economy.

[Amadues]

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??

It is sure that one day or another we will see the price reach $3k or $6k , the only thing we all are waiting for is when , when will bitcoin hit 5k. See the current status the possibility of reaching 5k looks more closer day by day, all you job is to hold your money when it reaches 4k also. We would have a price of even 6k now , the only problem is people want to trade which leads the non knowledge investors think it is all over so they sell everything thus making the price to fall more and most of them don't invest again because they feel it is risky.

Long term investors are looking for cheap or low price,so investors need more sell orders come to market and fill their buy order.After checking current weekly chart traders can see signs of pressure over sellers.It is simple formula: For every buy order you need sell order.If you can access the depth of market,dont forget to check total sell orders compared to total buy orders. Current correction mood is necessary to create impulsive uptrend wave.

[electronicash]

to me the bubble was very suspicious be ause it happened so fast which makes it look like something is about to happen even the panic buyng of the japanese. if its just the japanese it should have gone up to 3k by now but seem to have slow down this time.

[iqlimasyadiqa]

This is actually like a dream. Bitcoin prices have increased remarkably. We all certainly did not expect this to happen. Currently bitcoin prices have been a few days stable in the range of numbers 2200USD to 2300USD. This is a good rate if it can last for some time, the possibility to rise even more increases.

[kolloh]

The price was going up quite quickly, but it has already corrected some and seems to have stabilized around the $2200 range. Due to this stabalization, I don't think we are in a bubble at the moment. I foresee the price starting to slowly climb over the next month.

[BitcoinGirl.Club]

The price was going up quite quickly, but it has already corrected some and seems to have stabilized around the $2200 range. Due to this stabalization, I don't think we are in a bubble at the moment. I foresee the price starting to slowly climb over the next month.

things really slowed down after the correction and we seem  to be having a slow but steady rally heading towards the $2500
mark, i guess we are likely to see $3000 before the end of the year as we wait for segwit activation and chinese exchanges enable btc withdraws which is likely to stimulate demand.

[Terraformer]

Nice to hear that most readers of this topic converge in opinion about bitcoin price increasing. It`s hard to predict if price in this year will be 3000 or 5000 USD, but but the forecast is clearly comforting.

[raymond541]

Bitcoin price double is not bubble.bitcoin price increase because Japan adopt bitcoin.bitcoin price is now pretty much stable and I don't think bitcoin price will be drop from this position.I am pretty much positive this time I saw some people said bitcoin will reach $5k, I think still have chance to increase price and reach $5k.

[lizardbtc]

Bitcoin price double is not bubble.bitcoin price increase because Japan adopt bitcoin.bitcoin price is now pretty much stable and I don't think bitcoin price will be drop from this position.I am pretty much positive this time I saw some people said bitcoin will reach $5k, I think still have chance to increase price and reach $5k.

I wouldn't call it that it is stable, how long was it stable? Few days exactly it is hard to predict as you never know where will the road end. Specially when btc is still in its early phases of adoption. Although I agree that Japan had major impact on the price spike recently.

[rickadone]

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??

It is sure that one day or another we will see the price reach $3k or $6k , the only thing we all are waiting for is when , when will bitcoin hit 5k. See the current status the possibility of reaching 5k looks more closer day by day, all you job is to hold your money when it reaches 4k also. We would have a price of even 6k now , the only problem is people want to trade which leads the non knowledge investors think it is all over so they sell everything thus making the price to fall more and most of them don't invest again because they feel it is risky.

I agree that one day bitcoin will be at the rate of $3k to $6k a piece or even more.  It just need sometime.  As for the current rise and dip of Bitcoin I think it is more like an overbought and correction stuff.  I do not think that it was a bubble since there is actually a demand for bitcoin due to the hype from big companies from japan joining the bitcoin economy.

Yes, no doubt bitcoin will even cross that limit of the price. There are people who talk about the bitcoin that the bitcoin price increase is a bubble and stuff like that, there were some who used to predict it to all that the bubble is going to burst and such like things.

I was astonished to see that many of the people believed them and they use to say that they are right, without inspecting the demand of the bitcoin.

[Vaskiy]

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??

It is sure that one day or another we will see the price reach $3k or $6k , the only thing we all are waiting for is when , when will bitcoin hit 5k. See the current status the possibility of reaching 5k looks more closer day by day, all you job is to hold your money when it reaches 4k also. We would have a price of even 6k now , the only problem is people want to trade which leads the non knowledge investors think it is all over so they sell everything thus making the price to fall more and most of them don't invest again because they feel it is risky.

I agree that one day bitcoin will be at the rate of $3k to $6k a piece or even more.  It just need sometime.  As for the current rise and dip of Bitcoin I think it is more like an overbought and correction stuff.  I do not think that it was a bubble since there is actually a demand for bitcoin due to the hype from big companies from japan joining the bitcoin economy.

Yes, no doubt bitcoin will even cross that limit of the price. There are people who talk about the bitcoin that the bitcoin price increase is a bubble and stuff like that, there were some who used to predict it to all that the bubble is going to burst and such like things.

I was astonished to see that many of the people believed them and they use to say that they are right, without inspecting the demand of the bitcoin.

It has been under controversy for a long time after the price growth begin from $1200 and moved closer to $2800. As people say if it's a bubble now the price could have crashed. Right now the price is showing uptrend causing a big move towards the past ATH.

[coinplus]

to me the bubble was very suspicious be ause it happened so fast which makes it look like something is about to happen even the panic buyng of the japanese. if its just the japanese it should have gone up to 3k by now but seem to have slow down this time.

It of course was the Japanese demand for the Bitcoin which made a record hype to the price of the bitcoin. Saying that it was sort of a bubble which burst will not be fair at all. Yes the Japanese demand brought the Bitcoin price above 2K and this is what was really expected by the economists and the analysts. There still is a lot more scope in the price of the bitcoin which people yet have to experience.

[Omega Weapon]

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??

It is not necessary a bubble, what I mean is, yes the price went up very fast but if it was a bubble the price should have gotten a lot lower and it did not, this tells me this was real growth but it needed a correction, the correction happen already and we are still above the 2000 mark and I think we are going to be there for some time until a new rally happens once again and we finally break the 3000 barrier that we were so close to break.

The price surge over the past few months has caught a lot of people by surprise and some can't be blamed for thinking that at some point this is going to correct to more realistic levels. But bitcoin has been going on a rampage lately, largely due to higher demands from Japan and South Korea, so if the demand is there, the price is sure to reach new highs. And also, the price is still in the range predicted by some experts and still on track to hit $5,000 or $6,000 by the end of 2017.

I think 5,000 up to 6,000 is pretty huge price to reach on this year remember we are almost in middle of the year so its truly impossible to reach on that price for now since price for this rate is quite stable, Maybe on next following years we can see that price would climb for that far and surely we will be happy if that things would really came.

I also think that prediction is also on the high side, but bitcoin keeps giving us surprises, to be honest I expect to see a price of 3500 or 4000 at the end of the year but if something really good happened then the sky could be the limit, so like always we must take this opportunity to buy even more bitcoin since we do not know for how long the price is going to remain at this price.

[lumeire]

Well if this 'bubble pops' and the value crashes, it's buy time for everyone, so another bubble begins 

[Yuuto]

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??

It's obvious that it's a bubble. And in my opinion the correction already came and we are going into another bull run.

Well if this 'bubble pops' and the value crashes, it's buy time for everyone, so another bubble begins 

This is exactly what's happening, basically. Everyone knows that they need to get cheap coins. So even if the price crashes by just $300 everyone rushes in to buy some coins, meaning that the price goes up up again... I have no idea how long this will last but it's not forever.

[Reid]

Well if this 'bubble pops' and the value crashes, it's buy time for everyone, so another bubble begins 

True and I think many bitcoin users are ready for that.
Considering there have been a lot of profits from this increase, the capital was already returned and more money to come.
If it is really a bubble that will explode thenusers will be running to buy back.
But in my own speculation I think it will be for a long time. The value will grow more even if it is expensive the demands are still coming.

[pitham1]

Well if this 'bubble pops' and the value crashes, it's buy time for everyone, so another bubble begins 

That has been the recurring theme with Bitcoin. If you have some money, just wait for a correction before you buy.
In the long-term, the trend of bitcoin's price can be in only one direction - up.

[cpfreeplz]

This is not a bubble it's mass adoption. More people and countries are getting on board so mode money is coming into bitcoins. Look it up. This graph is normal.

[n0ne]

This is not a bubble it's mass adoption. More people and countries are getting on board so mode money is coming into bitcoins. Look it up. This graph is normal.

Yeah, this is not a bubble, it's the cause of entire adoption and the incoming of investment into the digital currency network. Some interpret it as an bubble just because of the growth in terms of big margin. If this is a bubble, by now we could have felt down same as the time when the very first ATH took place in 2013.

[cafucafucafu]

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??

There were definitely a lot of hype and buzz about the price level. I think it is completely legitimate because we have already recovered from the correciton and the price seems steady, but with no further major bull market runs after that recovery.

I do think that we won't see anything under $2000 soon.

$3k is entirely possible but in my opinion that's not the natural price at least in the short term. $5k? Probably not until the next halving imo.