[WE DID IT! IT is 20k!!!] We are still not in a bubble! 20k$ is INCOMING!

[Kaller]

i hope this doesn't happen because the fall will monstrous and the hangover will last for what feels like forever. too many people would get burned for it to be looked back on as anything other than a major setback.

I agree with that. The price double or tripe every year is fine. If it rises too fast, it will damage the bitcoin after the bubble.

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[mindrust]

So we should wait one more day and then the journey starts right? I'm not stupid to buy Bitcoin at $20,000 while I could potentially mine for much cheaper prices.

Checkout the halving schedules and estimate the average difficulty increases over time, compare the past difficulty with the past prices in the market.

Calculate how much will the price be, I've done it already and it's not $20K. you are admitting if price goes up that much then it's a bubble so why should we enter in such dangerous market?

I'd say it's safer if we just start buying now while price is low and sell when bubble started to grow up to $5K+ levels.

How is that different than what i say? You are basically saying the same thing as me and you don't agree with it.  

I am not saying 20k$ is what we should aim for. If you examined the graph and read the notes beneath it, you would have understood that white line means "safe", yellow means "below safe, super cheap", pink means "get ready" , red means "moon".

You can't always find logic in bitcoin markets. Some times they act crazy for no reason.

If we get through safely, by 2020/June we should be at 7-8k$. If we add some user hype, +10k$ is possible. (pink line) Something went wrong? 5k$ at worst. Graph already tells you the safe lines. I am talking about the possible extraordinary (means it looks impossible right now) events like "immediate consensus over segwit", something like that can easily drive the prices above 10k$ in a few days.

Get ready.

[Febo]

Hey yo, check this out:

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

We are not in a bubble unless we touch 20k$/piece in the near future!!! (like in 2-3 months) Spread the news!!

It is a healthy growth and a bull run. This also means if things get out of hand, 20k$ is near.

All is nice but $20k is a bit to much.

I doubt bitcoin will reach $20k in 2017 or even 2018, most possibly not even in 2019 but who knows. I think max for this year is $10k, but most likely $4-8k. 

We are ofcourse talking about the ATH. After it will be reach price wil slowly started declining to Fibonacci point.

[skorupi17]

This speculation seems logical to me. I can clearly comprehend the trend on the graph and it really justifies all of its claims. I admit that $20,000 is a bit much but hey, the graph never lies, right? If ever that $20,000 is not achieved this year, it would be possible for next year. But as I observe and analyze the graph, this year is the most probable year that this bubble will occur. I'll be surely watching this. 

[Sundark]

I recently talked to my friend and he said that BTC is not viable investing option because it is a bubble.
What about these types of accusation that BTC is nothing more than one big bubble because "it grew too fast"?
Can you give solid argument to prove that bitcoin price is nothing but an effect of organic growth?

[HaXX0R1337]

I recently talked to my friend and he said that BTC is not viable investing option because it is a bubble.
What about these types of accusation that BTC is nothing more than one big bubble because "it grew too fast"?
Can you give solid argument to prove that bitcoin price is nothing but an effect of organic growth?

There are certain things that an investor will hold back and if you are new to bitcoin you would think twice before investing since the price of bitcoin is really huge and it all depends on the purchasing power you have ,the amount of money you are able to risk depends upon how much money you are able to gain in the future,the risk factor is huge,as long as we see some solid investments the price keeps on moving high.

[ophyrim]

I think the expectations of $20k is very optimistic and speculative even with that chart. We can also expect that the price of bitcoin will go down to find another bottom ($1000 approximately) and touch again yellow band. I think the chance of this $1000 scenario is higher than 20k scenario at this chart.

[wxa7115]

Nothing can be taken for granted in this universe. Yes, speculation suggest that Bitcoin price will ht 20K soon, but then there are some other factors which can just hinder the steep rise. Afraid, if the Governments start to interfere in blockchain and take control one day.

Governments may try to take control over bitcoin but it is a completely different matter whether they are going to be successful or not, I think they are going to try to slow adoption so they can figure out what they can do against bitcoin because at the time they seems clueless about it.

[PokerDiceMan]

bitcoin is never reach 20k dollar if only 2-3 month
maybe 5 year again after halving bitcoin price can reach 5000 - 10k dollar, not 20k dollar

[NoNetwork]

bitcoin is never reach 20k dollar if only 2-3 month
maybe 5 year again after halving bitcoin price can reach 5000 - 10k dollar, not 20k dollar

That is right, and it did not even touch $3000 yet, we are still so far away. How can you say that it will reach $20K when the time it reaches $2500 it dump because of the price correction? We can't make such prediction yet, that price is so exaggerated.

[ktabb]

Let me rephrase the title of this thread:

We are still not in a bubble! Bubble incoming!

If the price goes up to $20k then that literally would be the definition of a Bubble. Bitcoin's intrinsic value has not increased by more than 40x (or even anything remotely close to that) in the span of a few months, which is what a price of $20k would represent. $20k per bitcoin would just be irresponsible and dangerous.

[jubalix]

Bitcoin is prone to bubble.....

[dimatu]

I don't think we are at the end of a bubble but we have definitely entered one already, 20k$ can only be reached if bitcoin goes full bubble mode beyond a normal bursting point. It would also be unhealthy for the stability and usability of the coin cause the crash that would follow would wreck many peoples savings.

[senyorito123]

I don't think we are at the end of a bubble but we have definitely entered one already, 20k$ can only be reached if bitcoin goes full bubble mode beyond a normal bursting point. It would also be unhealthy for the stability and usability of the coin cause the crash that would follow would wreck many peoples savings.

Maybe it's better for us to stop thinking those price since its pretty huge men and speculators what I've seen are only predicting for 5000$ price only and 20000$ is to much but who knows if the time price would bubble up hardly then surely all of us will gonna be happy for this mark reach. But i can't imagine on what would be the counter effect on this one since their are certain history that bitcoin had a hard crash before.

[dimatu]

I don't think we are at the end of a bubble but we have definitely entered one already, 20k$ can only be reached if bitcoin goes full bubble mode beyond a normal bursting point. It would also be unhealthy for the stability and usability of the coin cause the crash that would follow would wreck many peoples savings.

Maybe it's better for us to stop thinking those price since its pretty huge men and speculators what I've seen are only predicting for 5000$ price only and 20000$ is to much but who knows if the time price would bubble up hardly then surely all of us will gonna be happy for this mark reach. But i can't imagine on what would be the counter effect on this one since their are certain history that bitcoin had a hard crash before.

That's the problem and the reason I don't want a 20k$ price to be reached in the near future. The crash would just be devastating, its much better for the bitcoin price to follow its normal growth trend with a relatively normal level of volatility to it. This gives time for the market to accept it as the normal price and also for the technical side to have enough time to solve scaling problems.

[BitHodler]

I don't think we are at the end of a bubble but we have definitely entered one already, 20k$ can only be reached if bitcoin goes full bubble mode beyond a normal bursting point. It would also be unhealthy for the stability and usability of the coin cause the crash that would follow would wreck many peoples savings.

People for once should stop talking about bubbles. Bitcoin has soared because of the intense spike of demand that we experienced in the last months.

Bitcoin can basically reach any price without it being a bubble. It all comes down to how the demand will increase in the coming years.

Let me put it this way ~ if miners didn't prevent SegWit from activating, we by now would have made an attempt to eath through the $4000 mark. Don't forget that.

[slap]

imho some major event is needed for 20k in a small time period. I dont know what event that would be...
On a longer timescale 20k isnt out of the question though.

[mindrust]

I can't believe every single person in this topic just didn't get the main idea I stated in the OP. Maybe it was my fault, i just couldn't describe it.

Main Idea 1: The price what we have now is far from being a bubble. So it is perfectly safe to buy between 1.5k$-2.5k$range.

Main Idea 2: The recent pump (2.8k$) we had has a chance to trigger a major buy mania (take a look at the pink line again)  which will have a similar effect what we had with Gox and that bubble will have the top price of 20k$ if it happens in the next 3-4 months. This expectation is not certainty. It is a possibility.

The dude who created this assumes that bitcoin is following a pattern "bull, hype, bear," and all he does is wondering about if we will be in a hype phase again.

Main Idea 3: He already predicts that bitcoin will be at 5k$ price range in 2020 if nothing extreme happens.

Please post after you examine the graph and the notes beneath it.

[ktabb]

I can't believe every single person in this topic just didn't get the main idea I stated in the OP. Maybe it was my fault, i just couldn't describe it.

Main Idea 1: The price what we have now is far from being a bubble. So it is perfectly safe to buy between 1.5k$-2.5k$range.

Main Idea 2: The recent pump (2.8k$) we had has a chance to trigger a major buy mania (take a look at the pink line again)  which will have a similar effect what we had with Gox and that bubble will have the top price of 20k$ if it happens in the next 3-4 months. This expectation is not certainty. It is a possibility.

The dude who created this assumes that bitcoin is following a pattern "bull, hype, bear," and all he does is wondering about if we will be in a hype phase again.

Main Idea 3: He already predicts that bitcoin will be at 5k$ price range in 2020 if nothing extreme happens.

Please post after you examine the graph and the notes beneath it.

1. So you are trying to say that a rise in price of 1,200% in 2 years is not a bubble? Has the intrinsic value of bitcoin risen by 1,200%? (hint: the answer is no) As a result, this is indisputably a bubble. It is absolutely not "safe" to buy bitcoin now, or really any time.

2. The recent pump to $2.8k WAS a buying mania! That was absolutely insane, billions were added and removed to the bitcoin market in a single day. That being said, there is still room for it to hit new highs before it crashes down to an appropriate and reasonable price far below where it is now.

3. This is reasonable, but it definitely will be a bumpy ride there.

[mindrust]

I can't believe every single person in this topic just didn't get the main idea I stated in the OP. Maybe it was my fault, i just couldn't describe it.

Main Idea 1: The price what we have now is far from being a bubble. So it is perfectly safe to buy between 1.5k$-2.5k$range.

Main Idea 2: The recent pump (2.8k$) we had has a chance to trigger a major buy mania (take a look at the pink line again)  which will have a similar effect what we had with Gox and that bubble will have the top price of 20k$ if it happens in the next 3-4 months. This expectation is not certainty. It is a possibility.

The dude who created this assumes that bitcoin is following a pattern "bull, hype, bear," and all he does is wondering about if we will be in a hype phase again.

Main Idea 3: He already predicts that bitcoin will be at 5k$ price range in 2020 if nothing extreme happens.

Please post after you examine the graph and the notes beneath it.

1. So you are trying to say that a rise in price of 1,200% in 2 years is not a bubble? Has the intrinsic value of bitcoin risen by 1,200%? (hint: the answer is no) As a result, this is indisputably a bubble. It is absolutely not "safe" to buy bitcoin now, or really any time.

2. The recent pump to $2.8k WAS a buying mania! That was absolutely insane, billions were added and removed to the bitcoin market in a single day. That being said, there is still room for it to hit new highs before it crashes down to an appropriate and reasonable price far below where it is now.

3. This is reasonable, but it definitely will be a bumpy ride there.

That was a correction which happened from 200$ to 1k$. It did perfect safe in that timeline. (wut was i sayin lol) 1k$ was bubble in 2013 but 2 years passed since then. What happened is a massive correction.

Again, pink line shows the max. normal price. The calculation is made by adding the time value of bitcoin. Anything over the pink line can trigger a bubble.

White line is average normal price.