WILL THE BUBBLE BUST OR NOT

[rumex]

Cryptocurrency Bubble Will Burst: Aberdeen Asset Management

The recent rapid increase in the price of cryptocurrencies has resulted in many experts calling it a bubble and advising caution while investing. Aberdeen Asset Management is the latest to do so, arguing that like all bubbles, the virtual currency bubble will eventually burst too.

Bubble-like Characteristics
The growth in the valuation of cryptocurrencies in 2017 has been unprecedented. Bitcoin price has more than tripled in value, going from $900 in Jan 2017, to over $2,700 as of now.

This pales in comparison to Ethereum’s gains. Ether price has risen from ~$8 in January 2017, to $350 currently, a gain of over 4000 percent. Other cryptocurrencies too have risen multifold in value, leading to natural apprehensions of a cryptocurrency bubble.

Gold Rush Mindset
Aberdeen believes that we are currently in the midst of a cryptocurrency bubble and its bursting is inevitable. Speaking to Bloomberg, Peter Denious, head of global venture capital at Aberdeen Asset Management Plc, said:

“Prices right now aren’t being driven by network usage, they’re being driven by speculation that tokens are going to appreciate. It’s a gold-rush mentality.”

The proliferation of ICOs and the rapid increase in the price of tokens upon listing is one of the indicators of a bubble. Companies in the Blockchain space seem to have no difficulties in raising money quickly through ICOs, even if they do not have a proven or unique idea behind their token.

Other Assets at Record Levels
While the returns on cryptocurrencies in 2017 is unparalleled, other asset classes have risen too. Equity indices like Nasdaq and S&P 500 are at record levels, in spite of the uncertainty in global markets. Housing prices have largely recovered from the previous burst.

One reason for the increase in prices is the ample liquidity in global markets, caused by quantitative easing by various central banks.

While the cryptocurrency bubble may burst, it might not be the only one to do so. Past global crises have shown that the effect of a real estate or widespread equity bust can have long-lasting effects on the economy.

[Leonbtc]

Rejected. There ia no buble at all. I am hearing this since 2011!! And will not anymore!!

[befrank]

2010. It's a Bubble!
2011. It's a Bubble!
2012. It's a Bubble!
2013. It's a Bubble!
2014. It's a Bubble!
2015. It's a Bubble!
2016. It's a Bubble!
2017. It's a Bubble!

Unless Crypto is deemed illegal (which will not happen ever) it will continue to rise, with ups and downs!

[One Man Band]

the bubble will burst on coins that offer little or no actual beneficial services to its end-users.
IMO.

[karasuri]

They say that this is a bubble only for people to doubt and do not trust it.

[Ayers]

2010. It's a Bubble!
2011. It's a Bubble!
2012. It's a Bubble!
2013. It's a Bubble!
2014. It's a Bubble!
2015. It's a Bubble!
2016. It's a Bubble!
2017. It's a Bubble!

Unless Crypto is deemed illegal (which will not happen ever) it will continue to rise, with ups and downs!

lol right there is no bubble the pump always win and the value always increase in tho place some coin for but many other hold strong, they said that we were in a bubble but after this little on ETH and lbry and some other small coin they are all recovering again now, I can't see this ending anymore I think new investors will help the value to grow in all alt and remain profit or for a while if not forever, the altcoin are here to stay imho there

[thompshma]

The next few days will tell. Its hard to say.

Right now the market is mimicking this chart. Would  be a bummer if we are in the "return to normal phase"

[befrank]

I have seen my lbry coins lose half of there value in three days. Now they are the biggest growers. I think we are in the back to normal phase. Nobody can tell those things. In the past if there was a dip like this with other crypto it was a sign of a market that was about to cool down (long term) but who knows. These are cryptic times.

[costina]

The next few days will tell. Its hard to say.

Right now the market is mimicking this chart. Would  be a bummer if we are in the "return to normal phase"

I agree with you, I just waiting weekend and begin July the market will continue down more or comeback rasing up again! At now, we can't guess exactly 100% because everything is possible, become to food for whale very easy anytime =))

[patroncito]

Cryptocurrency Bubble Will Burst: Aberdeen Asset Management

The recent rapid increase in the price of cryptocurrencies has resulted in many experts calling it a bubble and advising caution while investing. Aberdeen Asset Management is the latest to do so, arguing that like all bubbles, the virtual currency bubble will eventually burst too.

Bubble-like Characteristics
The growth in the valuation of cryptocurrencies in 2017 has been unprecedented. Bitcoin price has more than tripled in value, going from $900 in Jan 2017, to over $2,700 as of now.

This pales in comparison to Ethereum’s gains. Ether price has risen from ~$8 in January 2017, to $350 currently, a gain of over 4000 percent. Other cryptocurrencies too have risen multifold in value, leading to natural apprehensions of a cryptocurrency bubble.

Gold Rush Mindset
Aberdeen believes that we are currently in the midst of a cryptocurrency bubble and its bursting is inevitable. Speaking to Bloomberg, Peter Denious, head of global venture capital at Aberdeen Asset Management Plc, said:

“Prices right now aren’t being driven by network usage, they’re being driven by speculation that tokens are going to appreciate. It’s a gold-rush mentality.”

The proliferation of ICOs and the rapid increase in the price of tokens upon listing is one of the indicators of a bubble. Companies in the Blockchain space seem to have no difficulties in raising money quickly through ICOs, even if they do not have a proven or unique idea behind their token.

Other Assets at Record Levels
While the returns on cryptocurrencies in 2017 is unparalleled, other asset classes have risen too. Equity indices like Nasdaq and S&P 500 are at record levels, in spite of the uncertainty in global markets. Housing prices have largely recovered from the previous burst.

One reason for the increase in prices is the ample liquidity in global markets, caused by quantitative easing by various central banks.

While the cryptocurrency bubble may burst, it might not be the only one to do so. Past global crises have shown that the effect of a real estate or widespread equity bust can have long-lasting effects on the economy.

It is not a bubble my friend. Any of these fund managers will tell you that it is a bubble because cryptos are a threat to many aspects of their business

[Mallyx]

2010. It's a Bubble!
2011. It's a Bubble!
2012. It's a Bubble!
2013. It's Willy bot!
2014. It's a Bubble!
2015. It's a Bubble!
2016. It's a Bubble!
2017. It's a Bubble!

Unless Crypto is deemed illegal (which will not happen ever) it will continue to rise, with ups and downs!

Fixed

[serhishulak]

2010. It's a Bubble!
2011. It's a Bubble!
2012. It's a Bubble!
2013. It's Willy bot!
2014. It's a Bubble!
2015. It's a Bubble!
2016. It's a Bubble!
2017. It's a Bubble!

Unless Crypto is deemed illegal (which will not happen ever) it will continue to rise, with ups and downs!

Fixed

yeap, this is better 


If we talk on the topic, it's not like a bubble. More similar to the fact that banks with the help of the press are trying to get their part of the market back.

[mostkey]

The next few days will tell. Its hard to say.

Right now the market is mimicking this chart. Would  be a bummer if we are in the "return to normal phase"

I agree with you, I just waiting weekend and begin July the market will continue down more or comeback rasing up again! At now, we can't guess exactly 100% because everything is possible, become to food for whale very easy anytime =))

Most of us predict until the end of this week, there is always a surprise from bitcoin, either going up or down it could actually be an opportunity in the search for profit, of course for these traders is a big challenge to be able to predict

[slackcryptoz]

There is nothing to burst at the present moment. Price drop is the sustainability and the growth will happen in a short. If something is just moving forward all the time, then surely there is a flaw. So a growth with ups and downs is good for users.

[oddwh]

The next few days will tell. Its hard to say.

Right now the market is mimicking this chart. Would  be a bummer if we are in the "return to normal phase"

I've seen a lot of "public" media talking about ethereum and mining during the last month, so I guess the public phase has already been passed. Btw when I see media talking about cryptocurrencies, this always worry me a little bit, because this is when the decline begin.

Let's see, as you said, the market still follow this kind of chart. Those who say we are not in a bubble are a bit blind in my opinion, we already had bubbles in the past, and this kind of price progression isn't a "not bubble" progression. This doesn't mean cryptoccurencies themselves are a bubble but the current price is. A decline under 1000$ for the BTC is possible.


I'm interested to see where we will be after august. I keep my BTC as I always did anyway 
 

[Spoetnik]

It's not a bubble..

It is in fact a burst of popularity in ICO scams which are effectively nothing but a series of digital pyramid schemes.

I await the police and will enjoy the Investards tears.
The blood bath can not commence soon enough.

[shifty30]

It's not a bubble..

It is in fact a burst of popularity in ICO scams which are effectively nothing but a series of digital pyramid schemes.

I await the police and will enjoy the Investards tears.
The blood bath can not commence soon enough.

its not just ICO's either its 1 big money dumping fest at projects that have nothing(or not much) to show, so YES this tiny bubble will burst at some point, look @ 2013 this will be exactly the same just 10x bigger

[xbiv2]

1.
https://pastebin.com/ZUxTmR99
2.
how it worck:
im Vitalik, i make 100,000,000,000 coins
sold 1 coin for 1$ to my brather (IPO)
now we have 100,000,000,000$ market cap
3.

-----------------

The next few days will tell. Its hard to say.

Right now the market is mimicking this chart. Would  be a bummer if we are in the "return to normal phase"

This you chart for BITCOIN, BITCOIN have hard bottom price because BITCOIN used in payments (international, gambling, internet service).

[Spoetnik]

Not much to show ?
Like what ?
..a working currency ?  

In a sense it is a bubble but i don't like the term.
It's just a pyramid scheme scene.
None of this idiotic shit is legit in the slightest.

No one came here to support anything but their wallets.
So the outcome is 100% predictable.

It's like watching pigs eat apples off a tree then bragging how they will last forever..
Then winter comes.

It's all a stampede of greedy selfish shortsighted inept morons stomping around.
Once the new users start to dry up the prices will slump and the momentum will swing the other way.
This will shift all of crypto into dump mode.

All of crypto is hovering over the dump button but they are stalling and holding off as there is still new idiots rushing in here to HODL the pre sale coins on the profits coin exchanger fer teh ROI's.

This bullshit is predictable.
What goes up must come down.

..hell i warned ya all in 2013 and we had red candles + complainers for years after.

I can pinpoint which idiots will be burnt too.
They stick out in a crowd as being extra stupid.

The ones who think this will go up & up forever are the morons who will be devoured by the smarter ones.
And these NOOB accounts that show up here mouthing me off and defending scammy garbage don't realize i seen the victims long before they got here.
They ..did not.

But hey, buy moar god damn shitcoins for all i care... nom nom nom cheap coinz hodl forevahz !!111

PS:



PPS:

[Alttrader203]

0,5% of investors actually hold some crypto

Before this is 10%, it will not bubble.

What we see these days are just corrections