_backslash (OP)
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October 26, 2017, 01:45:22 AM |
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When do you feel the Bitcoin bubble will burst and what will happen after? The rise, decline, rise further pattern- when will it go down and never come up?
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EXtremeAEX
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October 26, 2017, 01:52:34 AM |
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Havent it already? The 5000$ milestone was a breakthrough for Bitcoin as the price was fluctuating about 4000+ and seems like it was somewhat stable. I predict that it would rise again very quickly in the next year, even way higher than 10k is possible now, seeing how Bitcoin is growing so rapidly.
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The_Dark_Knight
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October 26, 2017, 02:07:29 AM |
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When do you feel the Bitcoin bubble will burst and what will happen after? The rise, decline, rise further pattern- when will it go down and never come up?
This is not a bubble, the price of bitcoin is that high because that is demand that is having at the moment if at some point that demand changes and the price goes down that does not mean the bubble burst it is just that people no are no longer requiring bitcoin for their needs and as such the price is going to go down, this is not like the 2013, that was a bubble.
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CryptoFiction
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October 26, 2017, 02:10:03 AM |
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At times BTC might be overpriced or underpriced, but I don't believe that the word "bubble" can apply to a limited minted crypto.
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Murloc
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October 26, 2017, 02:13:14 AM |
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At first I would recommend you to prove that bitcoin is a bubble. An answer like "those guy said that" is not an option. This post generaly looks like a trolling.
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groko271
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October 26, 2017, 02:18:07 AM |
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one thing i can be sure about with bitcoin is it is unpredictable, and if anyone gets the prediction correct it is a complete fluke+luck.
My answer regarding the question is that bitcoin will continue to peak and dip with a upward trend for a few more years yet. Have a look at the hits bitcoin has had this year alone // china + jb morgan etc. The only thing that can make a bitcoin bubble burst is if a pod of whales decide (for what ever reason) to completely cash out their crypto investments..... if so btc will bust to below $1000 and it will begin all over again.
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shwetaji
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October 26, 2017, 02:24:12 AM |
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Bitcoin is growing regularly and in future it will grow in same manner. After all it will stop to grow but there will be no day it will come at bottom. Other altcoin may grow to btc.
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mk4
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October 26, 2017, 02:30:54 AM |
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Great. 2017 is almost over and I still see posts and articles about bitcoin being a bubble.
Bitcoin's price can skyrocket to heavenly heights and can crash down temporarily significantly due to various reasons like bannings and exchanges closing but I definitely wouldn't call it a bubble.
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RayvenPierre
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October 26, 2017, 02:33:03 AM |
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Personally I really don't think that those who ask this know how the variation in price works. The price of bitcoin is very volatile because it is market oriented, meaning the price depends on the supply and demand force of the market so bitcoin will stay as long as there are people using it which I don't think there will be a time where no one would use it or everyone would stop using it even in the next 50 years.
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AmXProX
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October 26, 2017, 02:41:51 AM |
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When do you feel the Bitcoin bubble will burst and what will happen after? The rise, decline, rise further pattern- when will it go down and never come up?
If you consider bitcoin as a bubble then I wonder why are here in this forum where most of the discussion is about the rise of bitcoin's price. The main purpose of this forum is to develop bitcoin not to wait for it's price to go down. For me it is not a bubble but a platform that will help to develop the crypto currency for the future.
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roddy5
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October 26, 2017, 05:48:06 AM |
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When do you feel the Bitcoin bubble will burst and what will happen after? The rise, decline, rise further pattern- when will it go down and never come up?
Yes that is right, bitcoin's price depends on the supply and rising demand of it. Imagine how it reached that price at this phase where there is not much who use the coin yet. Future for the coin is really bright and more and more people will find out the use of it in the coming years.
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Iranus
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October 26, 2017, 11:14:40 AM |
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When do you feel the Bitcoin bubble will burst and what will happen after? The rise, decline, rise further pattern- when will it go down and never come up?
If you consider bitcoin as a bubble then I wonder why are here in this forum where most of the discussion is about the rise of bitcoin's price. Because it's in a bubble. When it's not in a bubble, the discussion is about how to actually make BTC better, rather than just how to make the price more stupidly high.
The problem is that loads of people aren't distinguishing between Bitcoin " being a bubble" and Bitcoin "being in a bubble". On here I see "People thought Amazon was a bubble, but now it's huge" - but Amazon was in a bubble, and now it is no longer in a bubble. Similarly, Bitcoin could be in a bubble now, but that doesn't mean that it will always be in a bubble or that it itself a bubble.
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nareshrohra
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October 26, 2017, 11:31:37 AM |
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Recently there were some positive news on bitcoin's acceptance and regulation
1. New merchants like Amazon started accepting bitcoins 2. Japan, Philippines, Russia and few other countries announced or discussing about legalising it 3. China banned ICOs for local investors that didn't seem to crash it as was speculated
This is from top of my head. There are more things to notice. And you think bitcoin is a bubble. Tell that to Amazon, Japan, Russia etc governments and let us know what they think
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coynedterm
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October 26, 2017, 11:33:58 AM |
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When do you feel the Bitcoin bubble will burst and what will happen after? The rise, decline, rise further pattern- when will it go down and never come up?
Are you sure that you are saying that bitcoin is going to read , Because here you are saying that it should go down and never come up ? , Here clearly you want either one of them , At one side you are willing to buy bitcoin at very low price or you don't like or don't know about the bitcoin much. Here I would like to tell you that it is not sure that when the price of the bitcoin will go to fluctuate much because all depends upon the Market and discesion. Here in my opinion may be small flcutuations happen but I am 100% sure that it will not remain down for long term . Because it has lots of demands in the whole world .
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Herbert2020
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October 26, 2017, 11:51:07 AM |
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if you think a bubble is going to burst when price drops >90% then you think wrong and it will never happen. but if you are familiar with the notion of a bubble and know what it really means then you know that a bubble burst can mean a simple 10-20% drop and since that has already happened multiple times you can call those as bubble bursts if you like.
i would prefer to call them corrections though. the bubble is really not a valid economical term in my opinion. they don't even have a proper definition for it!
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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Vaskiy
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October 26, 2017, 12:22:01 PM |
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When do you feel the Bitcoin bubble will burst and what will happen after? The rise, decline, rise further pattern- when will it go down and never come up?
If you consider bitcoin as a bubble then I wonder why are here in this forum where most of the discussion is about the rise of bitcoin's price. The main purpose of this forum is to develop bitcoin not to wait for it's price to go down. For me it is not a bubble but a platform that will help to develop the crypto currency for the future. At times based on the growth nature it used to be described as bubble, for the same it doesn't mean it's a bubble. When the price increase took momentum from the price around $2500 to go as high as $4500 experts suggested it as an price wave. If a drop is termed to be bubble burst, then it happens quite often.
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hase0278
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October 26, 2017, 12:29:12 PM |
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When do you feel the Bitcoin bubble will burst and what will happen after? The rise, decline, rise further pattern- when will it go down and never come up?
No one can say for certain when bitcoin bubble will burst. In fact, bitcoin bubble bursting may not happen because it may not be a bubble in the first place. If bitcoin is really a bubble, it is the first time that I have seen a bubble being so resilient despite many people calling it a bubble. It will probably never go down to never recover again because adoption rate is increasing so fast, it even got legalized on some countries. Many people uses it too and unless they stop using it, rise and dump wont stop.
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HeRetiK
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October 26, 2017, 12:32:34 PM |
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Which bubble? One may argue that BTC is overvalued right now. However since BTC was heavily undervalued the last few years, I think it's mainly the market going beyond the initial upward correction. We may see the market retracting a bit, but I don't think we're at price levels that would lead to a bubble-burst -- ie. a drop of larger than 50%. If we are in a bubble, I'm fairly positive that we're still in one of the early stages of this bubble cycle.
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Lampaster
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October 26, 2017, 12:47:01 PM |
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When do you feel the Bitcoin bubble will burst and what will happen after? The rise, decline, rise further pattern- when will it go down and never come up?
No one can say for certain when bitcoin bubble will burst. In fact, bitcoin bubble bursting may not happen because it may not be a bubble in the first place. If bitcoin is really a bubble, it is the first time that I have seen a bubble being so resilient despite many people calling it a bubble. It will probably never go down to never recover again because adoption rate is increasing so fast, it even got legalized on some countries. Many people uses it too and unless they stop using it, rise and dump wont stop. Perhaps the unusual bitcoin bubble. He did not emerge spontaneously. Its popularity is growing according to the classical principle of the desire to get rich, but the reason for the demand of bitcoin is that people are already in the pyramid. The entire economy of the world is subordinated to the dollar. Do you think the dollar is not a pyramid scheme? Lol! Maybe we were in a situation where the lesser of two evils choose the lesser need. Bitcoin was the lesser evil.
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