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Author Topic: We're in a bubble  (Read 10290 times)
holden.commodore
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December 07, 2017, 09:51:54 PM
 #161

bitcoin is more a reserve of value than a coin now.
People don't want to spend btc to buy coffe at starbucks.
Hal Finney (one of the bitcoin's creators) said that this day would come.
In another words, you can't measure btc price by its number os transactions anymore.
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December 07, 2017, 10:10:23 PM
 #162

Market bubbles appear when an asset raises its price too high and people are unaware of its value. This is happening with bitcoin, but currently the market is slowly accepting its value and investing more in bitcoin, you can see this as the bitcoin trading volume is increasing hour by hour.

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asdalani
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December 07, 2017, 10:24:49 PM
 #163

What about today and now? They have been calling bubble all year and nothing has happened yet despite the unconfirmed transactions has gone up and bitcoin has gone up astronomically. I think this is setup for a correction or a big crash whatever you prefer but it is going to happen. Not a matter of if it is now a matter of when in my opinion.
I don't call Bitcoins price a bubble. There is a lot of real money being placed into Bitcoin exchanges.
Altcoins are in a crypto bubble.

 
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burky156
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December 07, 2017, 10:47:26 PM
Last edit: December 07, 2017, 11:02:26 PM by burky156
 #164

I got scared when i read this. I am 2 bitcon and some altcoin owner and i can't feel happy about this increase.. I feel that one day i wake up and the whole market has gone.. Someone making some serious(!) money right now. I hope we never loose our money..
vlad06
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December 07, 2017, 10:52:27 PM
 #165

Bubble finna pop up in this motherfucker.
uslfd
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December 07, 2017, 10:54:10 PM
 #166

I got scared when i read this. I am 2 bitcon and some altcoin owner and i can feel happy about this increase.. I feel that one day i wake up and the whole market has gone.. Someone making some serious(!) money right now. I hope we never loose our money..

SAme here. I have never felt so scared / worried about making gain on current investment holdings....

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December 07, 2017, 11:01:19 PM
 #167

Bitcoin maximum price is unknown. So i think it is not really a bubble. The graphic may seems a bubble. But when people say that Bitcoin may attain $100'000 or $500'000, it means that there is still a lot of time before bitcoin reach thoses values and also that people believe that thoses prices can be reached by bitcoin. So don't be afraid and just watch the price increase. The demand of bitcoin is bigger than people selling it. It may become a problem if there is more sellers than buyers but it is not the actual case for bitcoin.
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December 07, 2017, 11:02:41 PM
 #168

My altcoins sagged significantly, 15-25%. I do not know whether they will return to the previous course or not. Sad
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December 08, 2017, 02:10:29 AM
 #169

Yes, I have some same point of views with you. It is dangerous when investing in Cryptocurrency now because we don't know its real value. However, I think that we don't take care about "use" of coins. Crypto market like the Stock market, the price depends on the value of the effect of the company. So, we should focus on the effect of the project which releases the coin.

mamoney.crypto
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December 08, 2017, 06:34:15 AM
 #170

I know bitcoins since 2015, But i started investing since 2017 when bitcoin is around $1200 USD. Since 2017 June i am hearing that IT IS A BUBBLE it will explode soon. But when ?

Now BITCOIN reached to $18000 USD.
Wa(t)ch_night()
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December 08, 2017, 06:45:16 AM
 #171

I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...
Only when there is an explosion of this bubble then it will be scary. And now people do not think about such a development of events, so they have a fog before their eyes.

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December 08, 2017, 06:55:17 AM
 #172

I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...

Sooner or later this will be true, you just missed it by a longshot.

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December 08, 2017, 06:58:21 AM
 #173

Sure we are. But when it bursts and dust settles down, it'll still be higher than current all time high.
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December 08, 2017, 08:56:15 AM
 #174

Ofcourse we are in a bubble and it is a bit scary the lightning speed of Bitcoin. What we have to do is to make sure that if the bubble explodes we land safely.
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December 19, 2017, 11:28:41 AM
 #175

are there any predictions when the bubble is going to break??
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December 19, 2017, 11:42:11 AM
 #176

are there any predictions when the bubble is going to break??

i see that theres a chart that created by someone before that says were now on the bubble phase and it will  gonna break in a few days but that was before and why does bitcoin is still alive and kicking?  i guess those news that claims bitcoin is a bubble are totally hoax because its imposible for bitcoin to break or pop due to the demand that it gets from the public. bitcoin is verry useful and not just because it can be profitable but also it can be a big help to our country or community if bitcoin was used as a payment medium next to fiats.
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December 19, 2017, 12:39:27 PM
 #177

are there any predictions when the bubble is going to break??

i see that theres a chart that created by someone before that says were now on the bubble phase and it will  gonna break in a few days but that was before and why does bitcoin is still alive and kicking?  i guess those news that claims bitcoin is a bubble are totally hoax because its imposible for bitcoin to break or pop due to the demand that it gets from the public. bitcoin is verry useful and not just because it can be profitable but also it can be a big help to our country or community if bitcoin was used as a payment medium next to fiats.

I agree with that bubble idea however We are not close to burst, I think every little decrease in the prices of coins will lead to bigger pumps untill ??**

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December 19, 2017, 01:00:05 PM
 #178

Whilst I don't think the bubble will burst until we hit a few trillion, at the current rate of growth we will hit that in March, which is astounding growth.

When that happens, you want all your money in the Alts that have a solid product and company behind them (The same way Amazon and Google did with the .com bubble)

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