IS BITCOIN BUBBLE OR NOT?

[bitcoinbillionaireboy]

The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

[yaking]

Hi,

I'd doubt the bitcoin will crash to nothing, it might crash to $2000- $3000 but it will go back up my prediction is it will hit over 10k next year.

[bitcoinbillionaireboy]

That's my feelings too, it will go down within this period but back up later in December. Maybe this is time to buy!

[davis196]

The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

The bitcoin price went down,but this is a price correction,not a price crash.
The price is recovering and will break another record level during december.
This question "Is bitcoin bubble?" is asked 1000 times here by some newbies and they keep asking it over and over again.Read more books about market economy and finance and educate yourself,OP.

[iram1011]

The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

This recent drop is not how bubble works. That was the usual volatility of Bitcoin. Bitcoin can easily go 30%+ up or down in a single day because of small and decentralized market. But recently it was all because of artificial BCH growth which finally has dumped and Bitcoin is back again.

Bitcoin isn't a bubble right now but might turn out to be one later. Bitcoin basically have became a store of value and is loosing as the form of currency. Right now demand is natural and is increasing the price and hence the growth numbers are genuine.

[Lampaster]

The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

The bitcoin price went down,but this is a price correction,not a price crash.
The price is recovering and will break another record level during december.
This question "Is bitcoin bubble?" is asked 1000 times here by some newbies and they keep asking it over and over again.Read more books about market economy and finance and educate yourself,OP.

Unfortunately no one can give a clear answer to this question because the future is not yet determined. Newcomers will always be more interested in this topic. They heard many claims in the media about the bitcoin bubble. You need patience in order to explain to them constantly about this topic. This forum was created to promote bitcoin.

[paulmusa25]

I think bitcoin will pump up to 10,000$ by mid of 2018. Keep holding bitcoin.

[webtricks]

The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

If you considering present fall then it isn't fall actually. It is rather a shift of Bitcoin users from BTC to BCH. So to ascertain real value, you should add BTC+BCH value. Earlier BTC used to be $7200 and BCH $300, now BTC is $6300 and BCH $1200 so technically there isn't any outflow from Bitcoin market.
If Bitcoin market is competent enough to hold invested money for that long, Bitcoin isn't bubble anymore.

[F3arl3ss]

The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

If you considering present fall then it isn't fall actually. It is rather a shift of Bitcoin users from BTC to BCH. So to ascertain real value, you should add BTC+BCH value. Earlier BTC used to be $7200 and BCH $300, now BTC is $6300 and BCH $1200 so technically there isn't any outflow from Bitcoin market.
If Bitcoin market is competent enough to hold invested money for that long, Bitcoin isn't bubble anymore.

This is an interesting concept and one I tend to agree with.  I would say they tend to be highly inversely correlated, but may move in a correlated manner during boosts to the crypto atmosphere.  One other odd thing is that the volume of BCH surpassed BTC over this weekend, and I'm not sure how this fits into the price of each of them.

[JanpriX]

Bitcoin's price increase in the past months is definitely not a bubble. That's what I believe and I will stick to it. We saw some crazy bull run by BTC and some crazy price swings during its run but you should know that this is just normal. BTC is just very volatile but it is not in the bubble territory. We always see the support from the community when it dipped very hard. Many people will buy at a very discounted price and will again the price up.

[MiningSensei]

Nobody knows that mate, it is too soon to say if bitcoin is a bubble or not, because we have not faced the high crash of the bubble yet.Anyway, a lot of economic gurus and all that shit are trying to say that bitcoin is a real bubble, i dont think it is possible because bitcoin is still rising, and it had a lot of dumps in the past, and they are still happening. Just look at the charts and you will see that bitcoin crashed a lot , but it is always recovering from those losses.
Maybe this is the main reason of why bitcoin is not a giant bubble at all.

[batang_bitcoin]

The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

So what if the price of bitcoin went down? It did happened a lot of times even before I get into bitcoin. This is how bitcoin works and that's why it doesn't have a stable price. Also many times that people called assumed that bitcoin is a bubble. Well, we are not in a bubble or bitcoin isn't a bubble. The normal economy of supply and demand is what sustaining bitcoin to pump or it's price to get lowered.

[Cherylstar86]

Bitcoin's price increase in the past months is definitely not a bubble. That's what I believe and I will stick to it. We saw some crazy bull run by BTC and some crazy price swings during its run but you should know that this is just normal. BTC is just very volatile but it is not in the bubble territory. We always see the support from the community when it dipped very hard. Many people will buy at a very discounted price and will again the price up.

I don't think that the progress experienced by most of us here cannot justify the statement about bitcoin bubble. However when this price had to reach more high compared to the value that we have right now. Although its been very volatile for the recent past days and those speculations cannot be controlled, because panics always happened to weak investors.

[alyssa85]

It WAS in a bubble when it was pushing $7900. It went up just too fst.

But if it consolidates at $600 - $6500, the froth will be taken out of the bubble laying a foundation for a push higher But it needs to stay in the $6000 - $6500 at least till the end of the year to form a platform for a further push upwards.

If it falls below $5000 we're in for a bear market.

[tabas]

I think bitcoin will pump up to 10,000$ by mid of 2018. Keep holding bitcoin.

When it got to $10,000 then many will think again that bitcoin is a bubble. I don't know if we are in a bubble but on what's happening right now, I've read some said that bitcoin is merely a speculations. But IMHO, we are not in a bubble.

[loragean03]

its a very normal scenario that bitcoin price goes down/fall. but to be a bubble, its absolutely not. this questions is takes more answers several times. so why more doubt are exist. bitcoin already proved it self many times, more pump and dump scene are done as well but to see/saw a constant price down for a long period of time? we didn't experience that unless we only experience is constant and slow pump of bitcoin price. so i have no doubt that this bitcoin is not a bubble.

[webtricks]

The price of BITCOIN went down to and extent today. What is your take on Bitcoin been bubble or not?

If you considering present fall then it isn't fall actually. It is rather a shift of Bitcoin users from BTC to BCH. So to ascertain real value, you should add BTC+BCH value. Earlier BTC used to be $7200 and BCH $300, now BTC is $6300 and BCH $1200 so technically there isn't any outflow from Bitcoin market.
If Bitcoin market is competent enough to hold invested money for that long, Bitcoin isn't bubble anymore.

This is an interesting concept and one I tend to agree with.  I would say they tend to be highly inversely correlated, but may move in a correlated manner during boosts to the crypto atmosphere.  One other odd thing is that the volume of BCH surpassed BTC over this weekend, and I'm not sure how this fits into the price of each of them.

Volume isn't a decisive of price though. If big whales enter the market with the motive of manipulation, no one can stop them. The volume rose to $18M due to excessive manipulation from Korean investors and big Bitcoin names. But see now, volume is around $1M and price is again breaking below $1K.
BTC is always the king of cryptocurrency market due to its increased adoption and now it is difficult to manipulate its market even by the hodlers of 300K+ Bitcoins.

[gjtnwls1]

it is in a bubble. i think we need to see segwit and lightning in full effect before bitcoin fairly hits 5 digit numbers.

[DaMut]

for now Bitcoin is not a bubble because it still has not reach that level yet,
because for now Bitcoin price still much more valuable.
what i mean is it's not reach its value yet and still moving to its own place.
Bitcoin totaly supply around 21 millions and at the same time people who bought it will reach a hundred thousand peoples or even more than that.
plus the demand increasing from time to time,
so right now Bitcoin can be categorized as an undervalued,
if we're comparing it to the users and the supply itsel.
plus Bitcoin has an advantage in its usability which is make it much more valuable compared to other online payment.
at least for now it's not yet to reach that point,but slowly if nothing change it will.

[mast3rm1nd]

NO IT IS NOT A BUBBLE !!
basically what you are saying is if I buy now what is the guarantee that in 6 months the price won't be a tenth of what is was. well there isn't any guarantees.