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SillyCat (OP)
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September 27, 2017, 03:51:42 AM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
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altcoinbeat
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Activity: 14
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September 27, 2017, 04:07:00 AM |
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The current price is a representation of the market value of the coin at any given time. This is the price that everyone has agreed to pay for the coin. Not sure what articles you are reading but the price of Bitcoin is sure to rise in the future.
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pooya87
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Activity: 3430
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September 27, 2017, 04:12:54 AM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
there are a lot of "articles" online calling bitcoin Ponzi scheme and fraud! do you believe them too? there are also a lot of "articles" online that are speculating $10,000 by the end of this year, $100,000-$500,000 by the end of next year! do you believe them too? you see there are lots of bullshit on different sites these days each of them just creating click-baits. if you want to get the answer to your questions you have to first understand what a bubble is! |
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forkchain
Member
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Activity: 95
Merit: 10
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September 27, 2017, 04:17:27 AM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
I will suggest you to use preev.com website in which you will clearly see the price of bitcoin so must visit there because it is one of the best website which is providing great efforts to users who are lover of bitcoin. |
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jorneyflair
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September 27, 2017, 05:17:07 AM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
Bitcoin is probably not in a bubble anymore. The price has gone down from $5000 to right now, $3900. ANd we've actually stayed at the $3000-4000 region for a while now meaning that there is a lot of support at the $3000 level and it is unlikely that in the short term, bitcoin is going to go down below that. But i think we can experience some corrections that take us down to $2000-3000 next year, as speculators stop pumping. |
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sanjeevtalks
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September 27, 2017, 05:51:25 AM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
No it isn't a bubble. It's just a sign of the current situation. There's lot of speculation and bit of tough love in certain markets. This shall pass and the value will go up. |
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betlord90
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September 27, 2017, 06:00:49 AM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
No it isn't a bubble. It's just a sign of the current situation. There's lot of speculation and bit of tough love in certain markets. This shall pass and the value will go up. Many people though that there's a bubble happening before and some of them saying that those back 4900$ is bubble price and this current price is the real correction of the bitcoins price right not. But for me i don't see the fact that why there's a bubble and correction things but for the fact that bitcoins have touchdown to that price we might gonna see that price came again. |
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CoinsCoinsEverywhere
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September 27, 2017, 06:59:54 AM |
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In the short term, I think we were in bubble territory when we were up around $5k. Obviously that bubble has deflated somewhat since then, but I'm not sure it's really gone yet. If we get below $2k, I think we're definitely out of short-term bubble territory. In between is hard to say.
Long term, I think that bitcoin is either growing in a healthy manner (i.e., it's not a bubble), or it's one of the most epic bubbles in the history of the world. Only time will tell which of those is correct.
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exstasie
Legendary
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Activity: 1806
Merit: 1521
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September 27, 2017, 07:04:10 AM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
There are no guarantees, but you absolutely might be able to buy cheaper. Some very competent veteran traders are predicting a revisit to the lower $2000s. Whether or not we get that second leg down, though, Bitcoin is definitely going higher in the long term. In the short term, I might consider it overpriced. In the long term, it's still far, far below value. One bitcoin, on our current path, could easily be worth a million bucks someday. (And that's assuming no hyperinflation of the dollar  ) |
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fedoralite
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September 27, 2017, 07:14:24 AM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
There are no guarantees, but you absolutely might be able to buy cheaper. Some very competent veteran traders are predicting a revisit to the lower $2000s. Whether or not we get that second leg down, though, Bitcoin is definitely going higher in the long term. In the short term, I might consider it overpriced. In the long term, it's still far, far below value. One bitcoin, on our current path, could easily be worth a million bucks someday. (And that's assuming no hyperinflation of the dollar ) Those veterans prediction are wrong and actually we cannot predict on what would be happen on bitcoins since we doesn't even know on where would bitcoins go and for seeing the price for now is so good since it became more stable and strong and might we cannot see those 2000$ veterans predicted since it will be the disgusting one to see by them if bitcoins would reach until 5000$ again. |
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djsugar
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September 27, 2017, 07:37:33 AM |
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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.
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Pursuer
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Merit: 1163
Where is my ring of blades...
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September 27, 2017, 08:04:14 AM |
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I have been around more than 3 years now and let me tell you that in the past years each time price of bitcoin has any kind of rise someone asks this very same question of yours.
they were calling bitcoin a bubble when it went to $300 and have been calling it that ever step of the way. and it has always been a form of FUD to create panic and to fool people into selling their coins at a cheaper price than they should have sold. then they buy it from them and the same people rush to buy back at a loss and at a higher price.
it is always the demand. the demand is rising whether some people want to see it or not but it rises nonetheless. with it the price will rise. sometimes faster than the others.
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Only Bitcoin
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AjithBtc
Sr. Member
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Vave.com - Crypto Casino
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September 27, 2017, 08:05:27 AM |
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Bitcoin price pumping has been mentioned as the bubble, but in reality the gradual growth is the one that's taking place. This time too the same is happening with bitcoin and the price rising from the price dropping low in value make it to be resemble as a bubble.
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Yuhee
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September 27, 2017, 08:08:30 AM |
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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. |
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bamboylee
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September 27, 2017, 08:13:55 AM |
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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?
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Hawker
Legendary
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Activity: 1218
Merit: 1001
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September 27, 2017, 08:25:29 AM |
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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.
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pinoyden
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September 27, 2017, 09:25:45 AM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
i will tell you the real truth about bitcoin , bitcoin is not a bubble , tulips, hyip , ponzi, or what ever fancy names they could think of. its been over 8years since bitcoin has born and introduced to the public and many of us are still using it and investing on it until today so to make the story short , those people who are making a fake news are just noobs and insecure to the fact that bitcoin is now sucesfull and will be in the near future. |
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real eyes realize
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September 27, 2017, 11:20:49 AM |
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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.
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djsugar
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September 27, 2017, 02:02:05 PM |
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I have been around more than 3 years now and let me tell you that in the past years each time price of bitcoin has any kind of rise someone asks this very same question of yours.
they were calling bitcoin a bubble when it went to $300 and have been calling it that ever step of the way. and it has always been a form of FUD to create panic and to fool people into selling their coins at a cheaper price than they should have sold. then they buy it from them and the same people rush to buy back at a loss and at a higher price.
it is always the demand. the demand is rising whether some people want to see it or not but it rises nonetheless. with it the price will rise. sometimes faster than the others.
But my question is, is demand enough without any intrinsic value to keep bitcoin out of bubble? When a commodity is rising only because of demand, then that leads to bubble. right now the demand is enough to sustain the growth. But in future when there are alternatives or there is ban by many countries and demand won't be there, price will crash as there is nothing backing bitcoin price. |
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bitkanu
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September 27, 2017, 02:22:22 PM |
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there has been so many articles about this and I am not sure if the price is overpriced or not.
As a lot of the press and high profiles stated the bitcoin is a bubble, But that depends on the everyone's opinion regarding what is the bitcoin itself. I should think if that was not overpriced if you are seeing the supply will have limited. |
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