is bitcoin bubble?

[reliable]

I don't think btc is a bubble or a baloon, because we can not ignore its effects on the world economy or people's life. Every currency can have low prices sometimes, but I think its recovery is not a dream.

The question is now rising more because of CEO of JPM statement which says bitcoin is nothing more than fraud. This skepticism is not being taken as a good thing among the bitcoin investors. Also he informed his employees that no one should trade in btc else there will have to take action if found dealing in btc. This is something which is not being appreciated and now the bitcoin also is being moved to 4100$ meaning it is not  a bubble which could have busted long back had being a case.

[ployfit]

Bitcoin is not in any bubble right now. There is genuine increase in demand which is driving the price and needed corrections are always happening which brings the Bitcoin to an actual and genuine price. But saying Bitcoin won't be in any bubble even in future would be wrong. Bitcoin has no intrinsic value and price is just based on demand and limited supply. Maybe in future people get an alternative to cryptocurrencies, then this demand will decrease and so the price. But right now, there is no reason to worry. A genuine growth will be there for more years to come.

I could agree that the present bitcoin is really a good investment for anyone out there. Because most problem that we are reading or what ever in the news is in the future. We can't really predict but future but we can speculate it. I guess the only predictable future is when all the btc are mined but that would already in the far future. Like gold, many mining infrastructures are being made so the chances of all blocks would be mined is becoming higher.

Everybody knows it's a good investment but the problem is that some people is trying to manipulate the market in a down position to buy cheaper bitcoins.

[aardvark15]

there has been so many articles about this and I am not sure if the price is overpriced or not.

Since The price of Bitcoin is very volatile, it's hard to know if it is overvalued now or not. I think we all knew that $5000 a few weeks ago was high and probably too high too fast. A correction to $3000 brought the price down to a more reasonable level but compared to last year, it is still very high.

The price could drop more, but the longer the price of Bitcoin stays above $3000, the more likely that we aren't going to see another significant drop. The value may go sideways for a while but that's okay as long as we don't have a big drop.

[1Referee]

Do you still believe it is a bubble?

People don't have the ability to see Bitcoin's usefulness, because they are here just for one thing, to make a few quick bucks whilst investing, or whilst participating in signature campaigns. They don't understand what the effect is of the constantly increasing demand - they just open whatever chart, see that Bitcoin was below $1000 last year, and almost touched $5000 this year, so it has to be a bubble. No matter how much explaining people here do, if the will to understand Bitcoin and its market aren't present, it won't have any impact on them - they will remain ignorant. We'll see news sites, self claimed experts, ignorant chickens, etc, keep repeating this bubble talk even if we're hovering above $10,000/$50,000 levels - it will never stop.

[marcuslong]

there has been so many articles about this and I am not sure if the price is overpriced or not.

Nope the article you read is maybe hoax or nothing why because one of the most successful currency in this world is bitcoin the largerst bank in this world is bitcoin without using own cash bitcoin will never be become bubble technology is already changes the world bitcoin will be implemented to every market soon because of its successful one, To those people who don't know bitcoin yet , Let them show what bitcoin really can do time to time the community of bitcoin is becoming more bigger.

[timerland]

there has been so many articles about this and I am not sure if the price is overpriced or not.

Personally, i've been thinking that it's been a bubble ever since it was at $2500 per bitcoin. I still think that the price is a bubble at the moment, except i think that it is probably not going to pop this year seeing how strong support is at for the $3000 level.

If you buy for the short term, you'll probably still be able to make a profit.

But if you want to accumulate for the long term i feel like you are much mor elikely to get a better deal if you just waited for the correction next year.

[krauzzer02]

A lot of articles in google if you search that bitcoin is probably a bubble, others have a positive speculation and feedback about it, if bitcoin is a bubble, it is already pop out of the blue sea, yes a bubble that stays almost 7 years continues to attack by hackers, 7 billion technology behind it that is secured and cannot be compromised nor controlled by an entity, every year in-spite of fluctuations and inconsistency in terms of price, continue to increase and rise up, that's their definition of bubble.

[bajing]

there has been so many articles about this and I am not sure if the price is overpriced or not.

The price is overpriced? it's mean you believe bitcoin unstoppable? i don't think so because i think you have reading the article that talk bitcoin will reach $10,000 , $100,000 but you not think what the reason that can make bitcoin price so high. honestly i never found it the answer even though i has thinking all bitcoin has been mined.

[surix]

I would suggest you go back to look at the chart of Amazon share price during dot com bubble burst and its price now...You will see that although the main stream media make you believe that all company lost a huge fortune, you can see that in reality from today's point of view that is merely an adjustment for amazon share price.

[selline]

I think this year it will occur a bitcoin bubble a few days ago with a price of bitcoin ever be $4900 position then ever fall on numbers $3100 and then rose again slowly until it happens often changes in numbers up to $3800 until now rising continuously rise on the figure of $4200. I hope it will not happen again at bubble bitcoin until bitcoin can heading into the month brought a ray of happiness we

[CoinsCoinsEverywhere]

Ever since Bitcoin first appeared, everyone is constantly saying Bitcoin is a balloon. But despite all these rumors Bitcoin is constantly rising and apparently will continue to rise. If you had a Bitcoin balloon, did not you have to explode in 8 years? All the balloons exploding until today can not stand more than 3-4 years.

Bitcoin is not a balloon and it is for the future.

It is possible that the price of bitcoin is not in a bubble.  But I don't think that time is necessarily a factor in this case.  I agree that 8 years is quite a long track record (and, really, the price bubble has popped a few times, but it's always reinflated even bigger than before), but bitcoin is also different from other historical bubble situations in that it has taken a long time for it to become accessible to the average person, and it's still not really there yet.  It's possible that this inaccessibility is greatly delaying the "reckoning" that may happen one day.  Bubbles don't truly pop until just about everyone who can and is at all interested in investing has bought in.

[manchester93]

I would suggest you go back to look at the chart of Amazon share price during dot com bubble burst and its price now...You will see that although the main stream media make you believe that all company lost a huge fortune, you can see that in reality from today's point of view that is merely an adjustment for amazon share price.

I see your point, but it's a bad analogy to use here. The 90s dot com bubble actually was a bubble. Many, many companies were massively overvalued and went belly up when the markets crashed and the hype around monetizing the internet died down. Amazon was one of the companies left standing. Today, they've massively consolidated that market share, making the distinction between Amazon and the early dot com failures even more obvious.

I think your example shows that Amazon had an incredibly good growth model and strong fundamentals. I don't think it says anything about the dot com bubble.

[Anfisman]

there has been so many articles about this and I am not sure if the price is overpriced or not.

Until now Bitcoin is still very busy discussed by netizens, especially on the internet. This is not because the price of Bitcoin claimed skyrocketed, known in January 2017 ago when the price of BitCoin is still around $ 900, now reaches $ 41000 per coin and is predicted to skyrocket to $ 10000 in 2018 later. this is based on a statement from a bitcoin finance expert named Tim Draper in an exclusive TV Fox Business interview saying that the prediction of bitcoin prices in 2018 reaches $ 10,000. but this is just a prediction and no one can really confirm it.

[CoinsCoinsEverywhere]

Numerous attempts has been made to burst this bubble, but it won't burst. FUD after fud, but the price keeps coming back to this level because of strong support by the community. Do you still believe it is a bubble?

The strong support of the community is an important point.  My impression is that bitcoin's resilience is due in large part to the people who have believed in it from the beginning.  They're the ones that have kept buying when all the speculators were selling.  It's very possible that bitcoin wouldn't have bounced back from the major crashes it's seen in its history without a group of people that have been dedicated to supporting it, especially financially.  The question is, will there come a time when the speculators outnumber the community members by enough that the community can no longer support bitcoin when it has a major crash.

[btcney]

Bitcoin could well be a bubble at this point, but i think that the community support for bitcoin as well as the sheer amount of people wanting to buy into bitcoin at a level below $2000 or even $3000 is so big that it's probably not a bubble anymore.

Even if it was a bubble, price should still go up to $5000, perhaps even more before the start of 2018.

Plus, it doesn't really matter at all - fiat funded debts is probably the biggest bubble in the history of mankind.

[serjent05]

I do not think that Bitcoin is a bubble.  I think the price is came from the demand itself.  Remember there is no central authority supporting Bitcoin.  All the funds and trades are from the people who are willing to buy Bitcoin at the current price.  How can someone say it is a bubble when there is no extrernal company or group or authority that is inflating the Bitcoin price.  I think it is the real price of Bitcoin because it is where demand and supply meet.

[CoinsCoinsEverywhere]

I do not think that Bitcoin is a bubble.  I think the price is came from the demand itself.  Remember there is no central authority supporting Bitcoin.  All the funds and trades are from the people who are willing to buy Bitcoin at the current price.

The problem with this is that price can't simply come from demand and nothing else.  From wikipedia: "An economic bubble or asset bubble ... is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value." [https://en.wikipedia.org/wiki/Economic_bubble]  What is the intrinsic value of a bitcoin?  How much is it actually worth?  Unless it's really worth thousands of dollars, it's in a bubble.

How can someone say it is a bubble when there is no extrernal company or group or authority that is inflating the Bitcoin price.  I think it is the real price of Bitcoin because it is where demand and supply meet.

There may not be a specific institution or entity that is inflating bitcoin's price, but there is a very broad, general group of people that is doing so: speculators.

[carlerha]

I do not think that Bitcoin is a bubble.  I think the price is came from the demand itself.  Remember there is no central authority supporting Bitcoin.  All the funds and trades are from the people who are willing to buy Bitcoin at the current price.  How can someone say it is a bubble when there is no extrernal company or group or authority that is inflating the Bitcoin price.  I think it is the real price of Bitcoin because it is where demand and supply meet.

yes it is wrong to say that bitcoin is a bubble. the price of bitcoin is their original price and it is increasing from time to time because of the interest of the people and increasing their investment. in fact bitcoin is now  so much popular and spread so wide throughout the world that it has become difficult for a single person or a group of people to manipulate the price of bitcoin.

[CoinsCoinsEverywhere]

I do not think that Bitcoin is a bubble.  I think the price is came from the demand itself.  Remember there is no central authority supporting Bitcoin.  All the funds and trades are from the people who are willing to buy Bitcoin at the current price.  How can someone say it is a bubble when there is no extrernal company or group or authority that is inflating the Bitcoin price.  I think it is the real price of Bitcoin because it is where demand and supply meet.

yes it is wrong to say that bitcoin is a bubble. the price of bitcoin is their original price and it is increasing from time to time because of the interest of the people and increasing their investment. in fact bitcoin is now  so much popular and spread so wide throughout the world that it has become difficult for a single person or a group of people to manipulate the price of bitcoin.

People are increasing their investment and bitcoin has become very widespread, but how does that keep it from being a bubble?  Maybe the question is, how would you define a bubble?  At what point would you consider the price of bitcoin to be in bubble territory?

The problem is that there's no good way to determine how much a bitcoin should be worth.  While one could argue that this means that bitcoin might be undervalued, I think it's much more likely that this means that bitcoin is overvalued.  Now, that doesn't mean that it won't keep rising, perhaps for a long time.  But demand by itself cannot keep prices rising forever, and when price starts to fall, without an idea of what a bitcoin should be worth, there's nothing to keep the price from crashing hard.

[Kyraishi]

there has been so many articles about this and I am not sure if the price is overpriced or not.

I really don't know right now. On the one hand we are genuinely seeing new demand for bitcoin and very positive news being said about bitcoin. People are picking up bitcoin and using it in real life situations, such as in Venezuela where the recent hyperinflation made them turn to bitcoin as a store of value.

However, it has always been this way. When markets scream buy every single day, it is usually a sign of a bubble and i think we could potentially be in one at the moment.

Compared to 2013, i don't think that we're going to experience as big as a dump at all, even when the bubble pops.