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Author Topic: What will the next BTC bubble be... (after this pops)  (Read 1460 times)
Mikcik (OP)
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June 21, 2017, 11:46:53 AM
 #1

So we are most likely on a bubble (but i believe we are going higher). And please dont be stupid and dont tell me we are not in a bubble. We are... My believe is that once it pops (my estimate is that it will go to something around 3500 or even higher). Poeple said 5000 i dont know about that. My amateurish expecatation is pop at 3500 (or even higher because of sgwit) and then crash (dont know how low, i would hope for 1300) and then stabilize around 1800-2200 range for several months (i hope not few years :-D :-( ).

My question aims even further- what will the next bubble after this one be? What will be the reason to push BTC (little) over 10 000 USD per BTC in the next dew years?
My tip is the "collapse" of EU or some countries within EU (European Union) and the flight of money out of the country (i dont believe USD will collapse anytime soon (i used to believe it few years back, but im out of this mindset)?

What will the reason behind the next BTC bubble be?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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June 21, 2017, 12:31:14 PM
 #2

Perhaps a major war in the middle east(Saudi Arabia,USA,Izrael vs.Iran,Turkey,Russia and Qatar) would cause the oil price and cryptocurrency prices to skyrocket.
Yes,we are in a bubble.Every financial asset price(and bitcoin looks more like a digital financial asset rather than a currency) in a market economy is a bubble.
When the demand for that asset decreases,the bubble bursts...
Italy would collapse,but i don`t think that the italians would start buying bitcoins like crazy...

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June 21, 2017, 02:28:55 PM
 #3

price went up to $500 one of yous came here and asked this question.
then a correction came and then rise continued proving there is no bubble.

then price went up to $700 another one of yous came here and asked the same question. and same thing happened.

the same thing again happened multiple times when price broke $1000 at first then the old ATH, and one of yous came here and called bitcoin "similar to 2013" and asked the same question. and a correction happened and proved there is no bubble and price went up again.

.... (story of past 2 years that i have been with bitcoin)

now here we are. after a correction and you still saying it is a bubble.

There is a FOMO brewing...
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June 21, 2017, 02:53:17 PM
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$12k, in 2022

Vishnu.Reang
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June 21, 2017, 05:56:23 PM
 #5

In my opinion, the only bubble is with the altcoins. I believe that the Bitcoin is actually under-valued. So if the SegWit implementation goes ahead as planned, Bitcoin is going to hit $10,000 per coin without much trouble. The next real bubble may occur at $25,000.
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June 21, 2017, 06:04:29 PM
 #6

There've been bubbly moments, but I don't buy this as a bubble. Though valuations are high it's been fairly subdued and it doesn't look like there'll be much of a collapse beyond late $1000s. And these rises have been taking place over weeks, not a few days.

Alts are a different matter entirely. They're in a very empty and heady phase.

There doesn't need to be a reason for a bubble. When the news in the past has been consistently super positive the price carried on grinding down.



Mikcik (OP)
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June 21, 2017, 08:47:30 PM
 #7

Perhaps a major war in the middle east(Saudi Arabia,USA,Izrael vs.Iran,Turkey,Russia and Qatar) would cause the oil price and cryptocurrency prices to skyrocket.
Yes,we are in a bubble.Every financial asset price(and bitcoin looks more like a digital financial asset rather than a currency) in a market economy is a bubble.
When the demand for that asset decreases,the bubble bursts...
Italy would collapse,but i don`t think that the italians would start buying bitcoins like crazy...

why dont you think that a certain (small) portion of Italians would start buying BTC when italy would face bank collapse?

And why do you think that war in general (middle east) would drive the price of BTC yet...? There is no precedent for this yet? (or does gold go up in war time and thuis BTC should to)?
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June 21, 2017, 11:07:44 PM
 #8

I prefer to talk about an overbought price rather than a bubble. I don't believe this is a bubble since the price isn't extremely overbought till the extent of how various altcoins are pumped right now. I believe that once SegWit2X is fully operational, we will experience another bull run that will push the price possibly through the $4000 level. What comes after that is not something that has a lot importance right now, that's a concern for later....
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June 22, 2017, 04:37:41 AM
 #9

there is no bubble and even if there were it has already popped with the latest big drop down and price now is at a very nice correction.
and in the future even if price goes down it is not because of existence of a bubble, it will be because of hundred other reasons (mostly drama and political)!

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BitcoinerXX
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June 23, 2017, 01:27:06 AM
 #10

there is no bubble and even if there were it has already popped with the latest big drop down and price now is at a very nice correction.
and in the future even if price goes down it is not because of existence of a bubble, it will be because of hundred other reasons (mostly drama and political)!

if you lived through the 2013 bitcoin bubble then you know this aint no bubble

alt coins on the other hand are in a bubble
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June 23, 2017, 07:13:54 AM
 #11

In my opinion, the only bubble is with the altcoins. I believe that the Bitcoin is actually under-valued. So if the SegWit implementation goes ahead as planned, Bitcoin is going to hit $10,000 per coin without much trouble. The next real bubble may occur at $25,000.
If the SegWit implementation goes ahead, i think $10,000 is too much before bitcoin burst out to hit that price. People are still learning about the bitcoin before they want to buy it, i don't believe that high as much that more people will quickly learn about the bitcoin if it's new to them. But don't worry bitcoin will hit that price soon as long as more people is able to adopt bitcoin slowly.

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June 23, 2017, 07:35:43 AM
 #12

So we are most likely on a bubble (but i believe we are going higher). And please dont be stupid and dont tell me we are not in a bubble. We are... My believe is that once it pops (my estimate is that it will go to something around 3500 or even higher). Poeple said 5000 i dont know about that. My amateurish expecatation is pop at 3500 (or even higher because of sgwit) and then crash (dont know how low, i would hope for 1300) and then stabilize around 1800-2200 range for several months (i hope not few years :-D :-( ).

My question aims even further- what will the next bubble after this one be? What will be the reason to push BTC (little) over 10 000 USD per BTC in the next dew years?
My tip is the "collapse" of EU or some countries within EU (European Union) and the flight of money out of the country (i dont believe USD will collapse anytime soon (i used to believe it few years back, but im out of this mindset)?

What will the reason behind the next BTC bubble be?

First of all, yes. Bitcoin is definitely in a bubble right now, i don't think that it does any good to deny it. I've seen people trying to say that it's just volatility, but is that really true when the currency has appreciated from less than $400 to now, $2700 ish? I just don't think it is sustainable for bitcoin to continue this growth, no matter how good the technology is.

I would expect that when this one pops, the next bubble is going to come around 2020-ish. There are several key events that are happening in that year, the Tokyo olympics(as we all know, bitcoin is legalized in Japan just recently) and the bitcoin halving(which means that bitcoin becomes harder to mine).

$10,000 is entirely possible, in fact i would say extremely likely by 2021 which is in 4 years time.. As with EU, i think that when they do collapse, people will definitely look at bitcoin, if they take that onboard it'll drive the price up as well.
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June 23, 2017, 12:04:19 PM
 #13

With everything in motion set for bitcoin, any price is achievable any time now. Think that stable price after activation will be around 3500 dollar per one Bitcoin, after everything goes well with implementation of segwit. Im positive on this cuz I expect same effect as seen in Litecoin, so I dont expect for price to go down just up.

Also will this effect some alts in price, yes I believe so and expect this to happen.



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June 23, 2017, 09:20:37 PM
 #14

Bubble no bubble, doesn't change the long-term view that there will be inflations and deflations. However you see it, this is still an overheating but we can all gain from a lot of patience.

The time is now, never later, at least in our memory of years.

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BitcoinerXX
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June 24, 2017, 03:15:50 AM
 #15

you want to see where we are going, look at the price of GBTC, been trading at over 4k for a while now
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June 24, 2017, 10:45:44 AM
 #16

My question aims even further- what will the next bubble after this one be? What will be the reason to push BTC (little) over 10 000 USD per BTC in the next dew years?
Don't you consider first wether btc will remain in dominance?
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June 24, 2017, 12:16:18 PM
 #17

I think ethereum is in a bubble. Look at all those ICOs raising millions for nothing.
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June 24, 2017, 12:23:50 PM
 #18

I think ethereum is in a bubble. Look at all those ICOs raising millions for nothing.

ETH really in bubbles right now. Price is really increasing everyday. Lucky to those people who bought it in a low price it is in real profit now. Because of the ico now a days it is based on the eth thats why it is gradually increasing.

ETH now is also best if you hold and spend it later in a year or more to earn profit. ETH now is compared with btc because of the price that is increasing and it could have a potential in the next btc in the future
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June 24, 2017, 02:44:52 PM
 #19

this won't pops, because it's already happened, remember $2500 retreat to $2000 or so, that was the dumping, now again in the same range, there will be another one of this bubble and then another retreat

and for every new one the bottom will be higher, this is how you build the future value
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June 24, 2017, 03:18:43 PM
 #20

I think ethereum is in a bubble. Look at all those ICOs raising millions for nothing.
Ethereum's recent increase to current levels perfectly examples what a real bubble looks like.

I seriously keep thinking how anyone could actually spend +$300 (it peaked at +$400) on a coin that is nothing more than the next big centralized money vanishing garbage.

I think Vitalik and his fellow major share holders are celebrating big time as they by value of their holdings can properly call themselves billionaires right now ~ what a joke.

BSV is not the real Bcash. Bcash is the real Bcash.
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