Stop Calling It A Bubble.

[Minecache]

Stop calling the recent expansion of the cryptosphere a bubble. We are not in a bubble. We are simply experiencing the rapid expansion of a nascent technology with new entrants and their fiat entering the market. A bubble is when everyone is talking about cryptos, e.g. your taxi driver, the bellboy, etc. Outside of my close circle of tech colleagues zero people are talking about Bitcoin.

[xskl0]

True. I recently found a blog of when bitcoin was at 100$,I think  it will go to10k and 100k soon , definitely not a bubble.
Megaupload2.0 and Bitcache's  launch will be this august, price  will increase exponentially and bitcoin will consolidate as the best currency.

[Qartada]

A bubble is when everyone is talking about cryptos, e.g. your taxi driver, the bellboy, etc. Outside of my close circle of tech colleagues zero people are talking about Bitcoin.

A bubble is when something's cost differs from its intrinsic value - a bubble can happen on something which is shockingly insignificant.  Bitcoin's "intrinsic value" is extremely hard to define, so we could just call a bubble whenever the price rises extremely dramatically without much reason (such as now).

Of course every time there's a bubble a huge amount of people convince themselves that this is not a bubble and that it's the new norm - otherwise it wouldn't be a bubble.

Bitcoin has had several bubbles already, and this time it's got some friends getting a big slice of the action.  I wouldn't say it's quite a bubble for Bitcoin yet - it sure as hell is for a lot of pointless alts - but it's definitely on the verge of one and hovering around the point at which I'd call it a bubble.

[Junko]

To me, the ascending price is just an upwards correction, aka the price catching up to what the value of bitcoin would be had there not been any negative events/news/roadblocks. More and more people (general public, businesses, inestors, speculators, institutions, developers, entrepeneurs, etc) are recognizing Bitcoin's many potentials as well as it's resiliency and have decided to jump on the train.

So yeah, until there is an actual "POP" i.e. the price crashes spectacularly to at least the low hundreds or lower and fails to recover, not a "bubble."

[Kprawn]

True. I recently found a blog of when bitcoin was at 100$,I think  it will go to10k and 100k soon , definitely not a bubble.
Megaupload2.0 and Bitcache's  launch will be this august, price  will increase exponentially and bitcoin will consolidate as the best currency.

Private Beta will not push mainstream adoption, so let's be realistic about this. I think the spike in the price has to do with mainstream adoption in

Japan and also the Chinese exchanges that are more active. I also think with more people trading between Alt coins and Bitcoin, we are seeing a

push in the price. After the 1st of August, the sparks are going to fly.  

[Fredomago]

True. I recently found a blog of when bitcoin was at 100$,I think  it will go to10k and 100k soon , definitely not a bubble.
Megaupload2.0 and Bitcache's  launch will be this august, price  will increase exponentially and bitcoin will consolidate as the best currency.

Private Beta will not push mainstream adoption, so let's be realistic about this. I think the spike in the price has to do with mainstream adoption in

Japan and also the Chinese exchanges that are more active. I also think with more people trading between Alt coins and Bitcoin, we are seeing a

push in the price. After the 1st of August, the sparks are going to fly.  

interesting to wait until aug 1 if the price will go up so high i personally think that it will be stay at top and it will not fall back bitcoin value is not because of someone hyping it but its reality which has been done by both japan and australia this two big countries got too much attention from newcomers and new investors.

[The Sceptical Chymist]

To me, the ascending price is just an upwards correction, aka the price catching up to what the value of bitcoin would be had there not been any negative events/news/roadblocks. More and more people (general public, businesses, inestors, speculators, institutions, developers, entrepeneurs, etc) are recognizing Bitcoin's many potentials as well as it's resiliency and have decided to jump on the train.

So yeah, until there is an actual "POP" i.e. the price crashes spectacularly to at least the low hundreds or lower and fails to recover, not a "bubble."

That's a twisted viewpoint--never heard of an upward correction, and I'm not sure that's legit.  Nevertheless,  it's hard to say with btc.  Sometimes you can only identify a bubble after it's popped and splattered debris everywhere.   I do think we're rising pretty damn fast.  We'll see in maybe 2 years.

[hatshepsut93]

Stop calling the recent expansion of the cryptosphere a bubble. We are not in a bubble. We are simply experiencing the rapid expansion of a nascent technology with new entrants and their fiat entering the market. A bubble is when everyone is talking about cryptos, e.g. your taxi driver, the bellboy, etc. Outside of my close circle of tech colleagues zero people are talking about Bitcoin.

Each time the price of something skyrockets in a very short period, public opinion splits into two options - "this is a bubble" and "this is a new paradigm". In reality, you never know for sure, the price is driven by so many factors, and the future, both distant and near, can be so unpredictable that there's simply not worth to seriously argue if it's a bubble or not. People should put their money where their mouth is and buy or short Bitcoin accordingly.

[buwaytress]

To me, the ascending price is just an upwards correction, aka the price catching up to what the value of bitcoin would be had there not been any negative events/news/roadblocks. More and more people (general public, businesses, inestors, speculators, institutions, developers, entrepeneurs, etc) are recognizing Bitcoin's many potentials as well as it's resiliency and have decided to jump on the train.

So yeah, until there is an actual "POP" i.e. the price crashes spectacularly to at least the low hundreds or lower and fails to recover, not a "bubble."

Basically, you're saying it's not a bomb unless it explodes =D. Friendly jibe, don't worry!

The bubble or non-bubble argument isn't important I guess. I think for the lack of solid reasons on this ATH pounding bull that it's a bubble (that may not necessarily burst). Point is, no one can say for sure where this is headed next!

[lizardbtc]

It might turn into a bubble anytime if some "investors" or early adopters reached their point and earned what they wanted and if they decided to cash out at one time. Although it seems that it is rising "stable" if you might call it that way, but to be honest nobbbody knows, nobody can predict the market let's sit and enjoy the ride and see where it ends.

[imeetup]

Stop calling the recent expansion of the cryptosphere a bubble. We are not in a bubble. We are simply experiencing the rapid expansion of a nascent technology with new entrants and their fiat entering the market. A bubble is when everyone is talking about cryptos, e.g. your taxi driver, the bellboy, etc. Outside of my close circle of tech colleagues zero people are talking about Bitcoin.

I couldn't agree more. There's just a lot of new money flowing in, and in combination with the limited supply of BTC (21 Million ever) it is bound to continue to grow exponentially.

It is indeed not a bubble, in fact we've only just begun, expect much greater growth in the near future.

[Reid]

Why call it a bubble if it had not yet exploded.
That moment and after that we can call it a bubble but for now it is just simply a currency which took a hard course and still go way up.
They can call it whatever they want but still this are all just speculation.
If one can tell it is really a bubble then he can show his proofs and people will be the one judging it if it should really be thought like that.

[Jeezy911]

It's not a bubble but the signs are all there for a correction soon. Maybe back down to 2300 range with long term trends upward.

[piebeyb]

lol, all told it is my bubble is different thinking by them as more and more users every year bitcoin will actually go to high prices and go up in stages

[Baofeng]

Personally, I don't think its a bubble. Maybe people are just trusting bitcoin more than ever that's why there is a panic buying. The dumping is very short lived, if its truly a bubble that has been burst, the price should go down as low as $1000, but we didn't get there because people started to buy again and stopping the dumping and now the price is increasing again.

[unamis76]

I think the bubble effect is currently superior to people throwing money at Bitcoin This bubble will settle when the scaling debate settles too... This is my bet.

True. I recently found a blog of when bitcoin was at 100$,I think  it will go to10k and 100k soon , definitely not a bubble.
Megaupload2.0 and Bitcache's  launch will be this august, price  will increase exponentially and bitcoin will consolidate as the best currency.

This is vaporware, he's been tweeting this like crazy and said that this is going to revolutionize Bitcoin, but he didn't even explain what whatever he's trying to launch will do. He has nothing to do with a price hike. Unless he's the whale buying all these coins

[Siren]

True. I recently found a blog of when bitcoin was at 100$,I think  it will go to10k and 100k soon , definitely not a bubble.
Megaupload2.0 and Bitcache's  launch will be this august, price  will increase exponentially and bitcoin will consolidate as the best currency.

Well we have to see what is MegaUpload 2.0 will be. I'm sure this can somewhat push the price of bitcoin, to what extend, I don't know. Japan has something to do if this is a bubble, as well as the South Koreans and the Chinese. This 3 nation have been trading and investing bitcoin like crazy. Let's just wait when is the next correction price happening(burst???). LOL.

[SaShiRaJaVu]

Bitcoin still have problem with limited blocksize and high tx fee while bitcoin price keep rising and some altcoin price keep rising even though they don't make any changes.
I'm sure some of these altcoin price will dropped when investor got bored and bitcoin price might crash if upcoming scaling turned out to be a disaster.
So, i think we might in bubble

If the scaling issue i not carried out carefully then it will be a disaster without a doubt and if the fork is not done carefully we might even have a clone and double chains and i really do not want to see those kind of grave changes that could affect the entire chain and would start a ripple effect.

[Cherylstar86]

Bitcoin still have problem with limited blocksize and high tx fee while bitcoin price keep rising and some altcoin price keep rising even though they don't make any changes.
I'm sure some of these altcoin price will dropped when investor got bored and bitcoin price might crash if upcoming scaling turned out to be a disaster.
So, i think we might in bubble

If the scaling issue i not carried out carefully then it will be a disaster without a doubt and if the fork is not done carefully we might even have a clone and double chains and i really do not want to see those kind of grave changes that could affect the entire chain and would start a ripple effect.

I don't think so that it's a disaster to call if fork is not done carefully and as I think why it happened, it's because we're gone through a challenging effect of supply and demand of bitcoins. Yeah that's affecting the entire blockchain network, that's why they've called it a bubble price; but actually it's not. Price really arise when demand also rises because of huge investments, particularly to those bigger whales putting up their wealth on digital currency with a huge ammounts of bitcoins.

[TGJJ]

Stop calling the recent expansion of the cryptosphere a bubble. We are not in a bubble. We are simply experiencing the rapid expansion of a nascent technology with new entrants and their fiat entering the market. A bubble is when everyone is talking about cryptos, e.g. your taxi driver, the bellboy, etc. Outside of my close circle of tech colleagues zero people are talking about Bitcoin.

Exactly.

Most people I meet still don't even know what BTC is. When your plumber tells you to buy BTC it might be a bubble