Bubble or Not?

[alyssa85]

In the 2013 bubble we went from $200 to $1000.

This time we've gone from $1000 in january to $6000 - so a much BIGGER move. On that basis, yes it's a bit of a bubble, it's risen faster than adoption, and will fall back. Take some profits people.

[mobnepal]

Do you think we're in the 5th bubble?

A big NO for this.

He is Neurologist by profession and writing books on investments 
Also he is suggesting others to remain away from cryptos if you are not blockchain expert, this makes no sense. If he can write about investment despite being Neurologist by profession than every common person can buy and hold bitcoin/cryptos. 

[HeRetiK]

I think we may be at the verge to a new bubble, but I honestly doubt we're already in one. While I didn't expect BTC to grow this large in such a stable manner this year, it still doesn't feel quite "bubbly" for lack of a better word.

But even if we're in a bubble right now... I'm fairly positive that BTC will be able to recover again sooner or later. With each "death" the chance of BTC utterly failing got smaller and every "attack" only made it stronger. I have no reason to believe that this will change any time soon.

In the 2013 bubble we went from $200 to $1000.

This time we've gone from $1000 in january to $6000 - so a much BIGGER move. On that basis, yes it's a bit of a bubble, it's risen faster than adoption, and will fall back. Take some profits people.

You need to take timeframes into account. The move from USD 200,- to USD 1100,- took place within a single month. The move from USD 1000,- to USD 6000,- took close to a year. That's not quite as drastic.

[AVAMONEY]

we can not avoid the fact that bitcoin has grown rapidly.
whether there will be a bubble for this unusual growth, as long as the community remains supportive and the market trend is moving positively. I do not think there's anything to worry about. and the debate over it is just a soap opera that has no meaning.

[Oceat]

The last bubble was in 2013.

Bitcoin is not a classic bubble, but still be 'suspicious,' says investing expert William Bernstein
https://www.cnbc.com/2017/10/24/william-bernstein-bitcoin-is-not-a-classic-bubble.html

• William Bernstein is a neurologist who became a best-selling author on investing in the 1990s.
• Bernstein does not believe bitcoin is a classic investing bubble because it doesn't fit all four of the criteria of manias he developed.
• "Unless [you are] an expert on blockchain technology and bitcoin, stay away. Don't invest in things [you] don't understand," Bernstein told CNBC.

Do you think we're in the 5th bubble?

Even if the price is higher than it should be, so what? All stocks at some point become overvalued, bitcoin suffers more volatility because it is not a stock but a currency, the most important thing is to know that the technology is real, it works and it is not just a speculative instrument like the famous pets.com on the dot com bubble, bitcoin is the real thing and it will become even bigger in the future.

Bubble or not it is still too expensive because of the those forks that keep on coming every now and then. Some of us might be smiling because they were too lucky that they came this far by holding their bitcoin before. Some of them too are lucky enough who can afford to buy with no worries while investing for a long term in bitcoin. If they ever came to face those bubbles before, did they panic selling too? Or they just keep their pace calm and wait until this catastrophe ends.

If they already know what it's like, i wonder if how'd they manage to control their feelings. So far i can't feel the bubble yet it's just lurking around waiting for us to get our hopes up then attack us down in the last minute.

[Coffee135]

It seems to me that bitcoin is a bubble. He forces the wealthy to share their money. Let's be honest. How many people on this forum who buy bitcoin for cash? I am sure that such people are very few. Rich people can afford to buy thousands of coins. Not only do they now earn a huge income but can now explain the origins of their capital. When the bubble bursts they will lose money but their capital will be permanently legalized. We can touch this cake, but many of us will lose money when the bubble will burst if they just hold their coins.

[ImHash]

It seems to me that bitcoin is a bubble. He forces the wealthy to share their money. Let's be honest. How many people on this forum who buy bitcoin for cash? I am sure that such people are very few. Rich people can afford to buy thousands of coins. Not only do they now earn a huge income but can now explain the origins of their capital. When the bubble bursts they will lose money but their capital will be permanently legalized. We can touch this cake, but many of us will lose money when the bubble will burst if they just hold their coins.

Temporary bursts like always, This is an old story from people, Every time price drops and they lose money we have the same story. They never see the price increased from $2000 and reached $6000 in a very very short time period. In every country you just have %20 annually, Governments have 40% increase using all available resources, Nothing could have %300 profit for you in less than 7 month with $1/$3B daily volume.

[erep]

I dont think bitcoin was ever in a bubble. It is the future of currencies and will have a much bigger value in the future. Its still in the correction phase and people are not ye completely supportive.

[richardsNY]

Currently it's adoption, not a bubble. It's getting annoying when people constantly refer to bubbles when they completely discard the growth in adoption we went through this year. Japan and South Korea are madly contributing to this growth, from where Japan is somewhat of the engine that powers everything right now. On top of that, more average people are investing in crypto than ever before, and that on a global level. The only time where I agree with people using the term bubble, was when we broke through the $1000 level in 2013, and that's really it. It touched $1200, where after that the entire market got dumped down all the way till under the $200 level.

[Catmony]

Only less than 1% of world population know about bitcoin and you are saying it is in bubble? There will be nothing to surprise even if bitcoin's total marketcap will hit over 1 trillion $ in next few years.

I am quite optimistic over whole crypto thing specially with bitcoin, demand for bitcoin is increasing in almost every part of the world.

[maku]

Who even coined the term 'fifth bubble'? There is nothing like first, second... and obviously, fifth bubble. There is only continuous growth.
Bitcoin is game-changing concept new era of the economy - an idea worthy of Nobel Prize - how you can even call it a bubble?
BTC is still undervalued by far, we have 6 billion people in the world and only 21 million of Bitcoins - do you still that $6k per BTC is a 'high price'?

[Lieldoryn]

I think that the bitcoin bubble. Fiat is devalued when the currency is not used in the state's economy. The government is constantly thrown into circulation unsecured money. Question secured than bitcoin? The price for it is growing constantly, but no one is interested in why this is happening. I think it is a trap. I sincerely don't want to I was right, but I don't find a logical explanation for this phenomenon.

[eagleman]

I don't think that we are in the bubble, this has been said for so many times just like the thoughts of bitcoin is dead / bitcoin will be dead very soon. If we are in the bubble then the price seems to be good and it may pop very soon so whether we are in a bubble or not we really can't tell it. The future can tell us if it is really on a bubble, if it is then the price will be correcting very soon but as long as we are seeing it on the good price then it's a good experience right?

I really don’t know what people saying about bitcoin form that its now bubble or not but according to its it can be bubble ad also can not because the thing we know about bitcoin is that the digital currency and which is popular just only because of the support of people not anything else because if there was no one to invest in bitcoin is past then bitcoin will not present in front of us.

They are just making themselves look like a professional or what we call shills. They just want something with their own interest and makes new investors to force sell their bitcoins so that they can take the advantage of buying it at dip. This happened for so many times in the bitcoin history though I'm not that old in bitcoin but basing on old articles, many did said that bitcoin is a bubble, bitcoin is dead or will probably dead and forgotten. They are all fuds.

[CoinsCoinsEverywhere]

I think that the bitcoin bubble. Fiat is devalued when the currency is not used in the state's economy. The government is constantly thrown into circulation unsecured money. Question secured than bitcoin? The price for it is growing constantly, but no one is interested in why this is happening. I think it is a trap. I sincerely don't want to I was right, but I don't find a logical explanation for this phenomenon.

While I agree that we may be in bubble territory, I disagree that no one is interested in why the price keeps increasing.  There are multiple hypotheses.  Personally, I think that some of it is probably coming from an increase in adoption as a currency, but I think that most of it is coming from an increase in adoption as an investment asset.  As the price keeps rising, and as it becomes increasingly accessible to potential investors, more people keep buying in, which increases the price.

[diguyo]

In the 2013 bubble we went from $200 to $1000.

This time we've gone from $1000 in january to $6000 - so a much BIGGER move. On that basis, yes it's a bit of a bubble, it's risen faster than adoption, and will fall back. Take some profits people.

I don't think the two are comparable. There's a lot more demand and interest now. It's also more stable that it's been in the past. I think we will see another crash, in the same way we have done a few times this year, but I don't think that's a 'bubble', it's not like the dot com bubble...it'll be a correction.

It's so difficult to tell when is the best time to sell up, but I'd say it's definitely not in the build up to another fork. December might see some dumping.

[CoinsCoinsEverywhere]

Who even coined the term 'fifth bubble'? There is nothing like first, second... and obviously, fifth bubble. There is only continuous growth.
Bitcoin is game-changing concept new era of the economy - an idea worthy of Nobel Prize - how you can even call it a bubble?
BTC is still undervalued by far, we have 6 billion people in the world and only 21 million of Bitcoins - do you still that $6k per BTC is a 'high price'?

So in 2011 when bitcoin spiked from $0.80 to ~$32.00 and then fell 94% back to $2.00, that wasn't a bubble?  Growth has not been continuous at all.  There have been several major crashes of more than 70%.  It could easily fall below $2k right now and still be behaving in accordance with historical norms.  That doesn't mean that it won't continue higher, but it could easily be in bubble territory right now.

[BTCMILLIONAIRE]

Probably not this time. At least not yet. The reason Bitcoin is heavily pumping is the increased adoption by mainstream tech giants and investors. The last few times it was purely driven by speculation, which makes it different from this time.

Nobody really knows what will happen for sure though.

[Flatulenters]

btc underperformed % wise compared to a lot of previous years

[CoinsCoinsEverywhere]

The last bubble was in 2013.

Bitcoin is not a classic bubble, but still be 'suspicious,' says investing expert William Bernstein
https://www.cnbc.com/2017/10/24/william-bernstein-bitcoin-is-not-a-classic-bubble.html

• William Bernstein is a neurologist who became a best-selling author on investing in the 1990s.
• Bernstein does not believe bitcoin is a classic investing bubble because it doesn't fit all four of the criteria of manias he developed.
• "Unless [you are] an expert on blockchain technology and bitcoin, stay away. Don't invest in things [you] don't understand," Bernstein told CNBC.

Do you think we're in the 5th bubble?

Bitcoin isn't in a bubble.I don't understand why most of the people create a thread like this whenever bitcoin passes ATH.This isn't like 2013.Things were different back then.Currently bitcoin price is backed by many companies,people and also widely accepted.A healthy correction is always welcomed.Bubble is when we see more then 50% decline in short period of time but i haven't seen that with bitcoin. 

What do you mean by this?  How is the price of bitcoin being backed by companies?  It sounds to me like you're saying that if bitcoin started to tank, there are companies/people who would step in and keep it from crashing hard.  While there would of course be some buyers, if it really starts to fall fast, it could go a long way down before it bounces.

[jekjekman]

The last bubble was in 2013.

Bitcoin is not a classic bubble, but still be 'suspicious,' says investing expert William Bernstein
https://www.cnbc.com/2017/10/24/william-bernstein-bitcoin-is-not-a-classic-bubble.html

• William Bernstein is a neurologist who became a best-selling author on investing in the 1990s.
• Bernstein does not believe bitcoin is a classic investing bubble because it doesn't fit all four of the criteria of manias he developed.
• "Unless [you are] an expert on blockchain technology and bitcoin, stay away. Don't invest in things [you] don't understand," Bernstein told CNBC.

Do you think we're in the 5th bubble?

They might call it as a bubble, most probably because of the speedy rising in prices, in January it was just $900 and now it hit $6000 few days ago 650% in just 9 months. No one would really believe it. But what I can say it is because of the rising demand for the coin, many people see its use and wants to have a piece of the coin plus the definite number of supply in circulation. Every one who understands economics will know the reason why the price go higher and higher.