Is Bitcoin a Bubble that is just waiting to pop? 6000/8000!! really?

[Zufox]

About sketchoin so skeptics respond only because bitcoin and crypto-currency in general is a completely new concept for us. We live in an era of digital technology, and the emergence of e-currency is logical. I believe that bitcoin has a great future and he will bring in income after many years. But if in doubt, you do not need to invest all your money in bitcoin. And even if something happens to him and your money is gone - you do not need to get upset. But if everything goes as well as now, you have a very real chance to get rich with even one bitcoin.

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[Munz77]

People love to hate Bitcoin, they  always have. They will also regret it oneway when btc is $100k.

[anhhung409]

The example you put out is interesting. Bitcoin can be said to be a bubble, but as it grows, the bigger it gets, the bigger and thicker the bubble will be, the more I can tolerate the pressure of the economy. Bitcoin has existed for nearly ten years and there is no reason for it to disappear like a broken bubble

[RoommateAgreement]

not every rise is a bubble, waiting to pop! not every rise is a pump, nor every drop is a dump.

there are times where price goes up fast and with people fearing to miss out (FOMO) on something like the BTG airdrops. but there are also times that bitcoin is being added to real legal forex exchanges or with forex brokers and people who never knew about bitcoin shift their money into it.

[BelieveInBitcoin]

I think Bitcoin will drop after the forks, but only temporarily. Long term it will continue to go up - it's a safer store of value than 'real' currency which is continually being printed.

[Faroxx]

I think bitcoin will cost 20 000$ and more..... But not now. At the moment the price is too high and bitcoin will fall to 4000$

[rube08]

The increase in price to 6000 is due to the fork coming in November so that they can get free BTG for the ratio of 1:1.  It is like extra free money on top of keeping your BTC.  You can invest in BTC as after the fork, you can sell your newly generated BTG on the market!

[BrewMaster]

maybe it is or maybe it is not. that part is hard to tell.

but i am more interested in knowing why you (and some others like you) are always surprised about bitcoin price!
i mean have you even looked at bitcoin supply, ever? there are about 16.5 million coins mined. they speculate about 1-1.5 million belongs to Satoshi. and there are lost coins for many different reasons. that is about 2.5 million gone.
that leaves us with 14 million coins only. with all the recent media attention and the performance of bitcoin there is a lot more than 14 million people investing in bitcoin, even if every one buys 1 bitcoin, price goes to the moon. much more than $8000!

and that is not even taking into consideration big players like JP Morgan guys and Goldman Sachs,.... who have been investing in bitcoin this year.

[SUDARMONO]

it's hard to give certainty and price speculation that's right for bitcoin, personally I believe bitcoin prices will find a stable price and after that will slowly rise again, bitcoin will always rise in price when viewed from the stage every year, and to reach the price $ 8000 for the end of this year hopefully can be achieved.

[dothebeats]

I think Bitcoin will drop after the forks, but only temporarily. Long term it will continue to go up - it's a safer store of value than 'real' currency which is continually being printed.

Safe if the price hold. But if not, you'll be losing money quicker than you'd expect. Bitcoin is a great value keeper as of these moments since the price only keeps on increasing day by day. The real question is will it hold? Until when? These insane price increases also makes me question whether bitcoin is another bubble or not. Supply and demand cannot answer these questions alone, and basic economics tells me that something isn't right about these rapid increases.

[lazer1064]

the price of bitcoin, of course will not grow infinitely. The law of overflowing liquids in containers has not yet been canceled. Bitcoin will destroy some overvalued fiat currencies and financial instruments, but not all. Once the equilibrium is established, at which the price of bitcoin is stabilized. But for the present it is far away.
The problem is that bitcoin, like any other sophisticated high technology, is very vulnerable to the attack of intruders, especially against the actions of hostile states. When bitcoin begins to have a serious impact on the markets, we will immediately see all these hostile actions. For the present there are none, but it is already close. We must prepare.

[bitfornewbs]

No one surely knows what will happen in the future. It all about predictions and stuff. But I think right now, with bitcoin's popularity over people and big companies, it will surely maintain its pace to reach a big amount. Well, I think there will be a limit to how much it will achieve but lets just hope that bitcoin will not pop in the future. Yes, it really has a future so I hope that it will not drop to 3 thousands or so after the forks. Goodluck bitcoin!

[kryptokingD]

Same thing they said when BTC was 30 cents...let them keep talking while we keep earning

[rathaha10]

Will reach 10k soon (Last November was at 800$). If we have a price floor of 10k usd, Lightning Network and the Launch of Kim Dotcom's Bitcache we will be unstoppable.

I also think that bitcoin will hit 10k soon. Experts have already said that Bitcoin will hit 50k in the future. I always thought that this will be it. I think that it will will be around 50k dollars.

Don't forget that bitcoin is also unstable so if its 10k worth in the future. It can also go down to 5k dollars.

[pentol86]

no one cant predict exactly bitcoin price soon, but i read some analyst, bitcoin will go 10k USD at end year. keep update about crytpo if you very seriously invest in bitcoin or othe  coin.

[kryptopath]

Of course it's a bubble. But these bubbles keep getting popped, then blown bigger. Long term - just HODL. It's that simple.

[FrueGreads]

Hey Guys,

Question is how long before it pops and will it be a be bang drop or gradual ect...

Thanks!

If this is your question, then I don't think you should get into it at all. In my opinion it also means that you should do some more research about bitcoin and it's potencial, because you are not seeing it right.

Peter Schiff is an expert in gold, and he is against bitcoin because he says that unlike gold, bitcoin has no inherent value. If he was correct, then yes, bitcoin would be a bubble, because people would get in it because the price is rising. Once it stopped rising or started falling, everyone would sell and we would have a crash. The thing is, he is wrong. Bitcoin has value, and although we hear a lot of people advocating and explaining it's value, either here in the forum, or in many other specialized sources of information, most people still get into crypto for JUST fast profit.

I know one country that understands the value of bitcoin. And that country is Venezuela, and we should really try to learn from them. Their economy has crashed, and where are they turning to in order to survive? To bitcoin. That's the value of this amazing technology. It gives the power back to the people, and protects them from that minority that is supposed to aid them, but instead, destroys their lives because they were in politics for power and profit, and didn't really care about them.

Bitcoin is a big step in evolution of money. In fact it's a big step in the evolution of Society itself. Banks were kings, and of course they will continue to be, but now they have some competition, and we, the "common" folks have bitcoin as protection from their bad decisions. The system can become more just with bitcoin, and we all need to understand the opportunity we have here, and not waste it because of our greed. If everyone continues to get into bitcoin for it's price, then it will be a bubble and it will burst, and we all have missed an amazing opportunity to evolve into a more fair society.

So please don't ask how bitcoin will pop. Try to understand it, so you can then teach others what the purpose of BTC is.
If you do that, it wont be a bubble, it will never pop, it will get real use, and it's price will of course be huge, because it's scarce and everyone want's it.

[electronicash]

its always been a bubble that will keep bubbling every explosion. once it gets dumped soon price may drop to 4k but will also rise up more than the previous ATH. its always going to do the higher highs which is why bitcoin is more than gold. sooner its going to be more than 10k. so its not yet too late to buy BTC.

[arseaboy]

learning and understanding those things that happen to this bubble i think you will make your own perception whether it is a bubble or a real deal that you will be able to gain a lot, bitcoin always surprises those fuders which always got their bad side of this investment, but for those who already learned and already open their minds for sure they will treat this system as a gift.

[peter0425]

We have this this countless times already so I don't think that we are in a bubble. This questions have bee raised so many times, this year alone most people said that bitcoin is a bubble when Japan enter the market and push the price to new levels like $1K a day, touching new ATH every day. At that point we really don't know if we are a bubble. So its really hard to spot what a bubble is, are we in a bubble when we hit $3000?,$5000? and now $6000? This sudden price hike is based of a renewed interest specially in Asian region. Can Japan, South Korea and other Asia countries sustained bitcoin's growth? If we can answer this questions then we can say it bitcoin is a bubble or not.