Stop Calling It A Bubble.

[thecodebear]

If people are referring to a bubble like the 2013 bubble, then no. Bitcoin isn't gonna drop down to like $1000 and stay there for a year or two. Adoption is increasing too rapidly and the upwards momentum is too great. As we have seen in recent weeks the "bubble" popped in late May and then you could say again today. But these aren't bubbles. They are just corrections which last a few days or maybe a week or two and then bitcoin breaks new ground. The price increase obviously is going to slowdown at some point soon, possibly there will just be corrections more frequently so growth will be slower, but a bubble this is not.

[Minecache]

It's not a bubble because we are slowly correcting on the way up.

[Eron]

If people are referring to a bubble like the 2013 bubble, then no. Bitcoin isn't gonna drop down to like $1000 and stay there for a year or two. Adoption is increasing too rapidly and the upwards momentum is too great. As we have seen in recent weeks the "bubble" popped in late May and then you could say again today. But these aren't bubbles. They are just corrections which last a few days or maybe a week or two and then bitcoin breaks new ground. The price increase obviously is going to slowdown at some point soon, possibly there will just be corrections more frequently so growth will be slower, but a bubble this is not.

LOL
goes down from 3000$ to 2450$ in 2 days... how call you that ? bebble ? bobble ? bibble ? bubble ?

[Visin]

It's not a bubble because we are slowly correcting on the way up.

The price of Bitcoin is going in both directions, I think that the price will go up more because there is more promotion for it and the people that use it is very likely to share their experiences with Bitcoin. So many people cashed their coins out so we’ll see how it goes.

[dissident]

I sold all mine @ 2760.  When should I try to catch the falling knife?

[sotoshihero]

If people are referring to a bubble like the 2013 bubble, then no. Bitcoin isn't gonna drop down to like $1000 and stay there for a year or two. Adoption is increasing too rapidly and the upwards momentum is too great. As we have seen in recent weeks the "bubble" popped in late May and then you could say again today. But these aren't bubbles. They are just corrections which last a few days or maybe a week or two and then bitcoin breaks new ground. The price increase obviously is going to slowdown at some point soon, possibly there will just be corrections more frequently so growth will be slower, but a bubble this is not.

In addition,there are more countries are adopting now and even recognized it legally. I call it correction as of now and it will bounced back in the coming days. I think its normal in trading there are always ups and downs.

[bongiu]

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.

Well I don't consider it's a bubble for the reasons you're stating but I do agree with the fact that is a nascent technology with a rapid expansion. Good observation! 

[thecodebear]

If people are referring to a bubble like the 2013 bubble, then no. Bitcoin isn't gonna drop down to like $1000 and stay there for a year or two. Adoption is increasing too rapidly and the upwards momentum is too great. As we have seen in recent weeks the "bubble" popped in late May and then you could say again today. But these aren't bubbles. They are just corrections which last a few days or maybe a week or two and then bitcoin breaks new ground. The price increase obviously is going to slowdown at some point soon, possibly there will just be corrections more frequently so growth will be slower, but a bubble this is not.

LOL
goes down from 3000$ to 2450$ in 2 days... how call you that ? bebble ? bobble ? bibble ? bubble ?

You seriously call it a bubble because it dropped a few hundred dollars to the price it was like 10 days ago?? hahaha. That is quite a loose interpretation of a bubble. In that case the bitcoin bubble pops every week or so. But of course these are corrections as a bubble is something entirely different.

[onrise]

It's doubtful to say that Bitcoin is bubble . It's being 8 years and above had it being bubble it would have closed down long time back . It has seems many ups and downs . Though it's a volatile but it cannot be said that its a bubble . The dip and increase in price is always a leap which leads to high volatility in market .

[dinofelis]

Probably a major bubble. But I don't think bubbles are a bug for crypto in terms of interest, I think they are the feature.

Indeed, crypto is designed to bubble.
It is pure bubble.  It's made that way.

[mudboy93]

Even for random viewers, this rise in BTC price is a "spike" but, There is no guarantee or evidence it will go below the current values, the coin is starting to get more popularity and attention as well as use, I don't see this bitcoin falling down much in the coming period "let alone being a bubble and exploding like the stocks", BTC is much more stable than that.

[fan_of_things_and_stuff]

It's not a bubble because we are slowly correcting on the way up.

That has no bearing on whether or not something is inherently overpriced. Look at the housing market from 10 years ago. Things went up in price as a general trend (though there were corrections along the way) and then the bubble burst. That's what people are afraid of