Bitcoin and "Ballon Effect"

[brotherwood12]

Hello everyone ,

I want to ask your opinion about bitcoin  price increases from 9000$ to 11000$ less than  1 week , is that planned and normal ? because i have opinion that bitcoin increases  is too fast ,
in my opinion bitcoin rightnow is like we blow balloons and can explode at any time ,
please give me your opinion 
and i hope you all understand with my bad english 

[1714877049]

1714877049

[Irvinn]

Indeed, bitkoyn in recent days is growing very rapidly in price and is more than 11 100 dollars. For ordinary currency, this is abnormal, but not for crypto currency. Crypto currency has a very large volatility and therefore it is necessary to look calmly at such jumps in the price. Tomorrow the bitkoy's rate may drop again to $ 8,000, and this will also be a normal phenomenon for him and therefore there will also be no need to panic.

[stompix]

Hello everyone ,

I want to ask your opinion about bitcoin  price increases from 9000$ to 11000$ less than  1 week , is that planned and normal ? because i have opinion that bitcoin increases  is too fast ,
in my opinion bitcoin rightnow is like we blow balloons and can explode at any time ,
please give me your opinion 
and i hope you all understand with my bad english 

Planned? Normal?
Planned by who and normal compared to what?

Bitcoin is probably one of the most unpredictable things ever...

Free market, no limits to buy sell, no closing hours, no central banks, no borders, fud and unicorns, greed and more greed... add all those ingredients and a lot more throw them in a pot and you've got the BTC price.
Whenever I hear or read about "experts" commenting about the right price I close the page.

[chickenado]

Hello everyone ,

I want to ask your opinion about bitcoin  price increases from 9000$ to 11000$ less than  1 week , is that planned and normal ? because i have opinion that bitcoin increases  is too fast ,
in my opinion bitcoin rightnow is like we blow ba
lloons and can explode at any time ,
please give me your opinion 
and i hope you all understand with my bad english 

Everyone ecpect bitcoins price that there would be a correction after all the rapid increase in bitcoins prices.As it reach to $11k+ for the past few hours and crashed to $9k  at this moment it really shows bitcoins huge votality.I think some holders sold their btc when it already reach to their targets for them to profit,but some would take this votality as an advantage of investing in bitcoin.For holders this is normal the pumps and dumps really happening in this crypto business were just hoping that there will be no manipulation happening in the market...just an opinion.

[John Langut]

The last weeks the media attention on Bitcoin was massive. That points to mainstream adoption. Also think about the Bitcoin Future market opening in 2 weeks. Maybe institutional investors have already been buying leading up to that event.

[Bloody Mary]

From my point of view crypto is becoming stable and Im sure that all counties will accept this kind of currency as its more appropriate for developted human.
For example, Y it’s really interesting to watch how cryptocurrency is becoming more available for each of us. https://mytc.io/ Ive just checked their website and wanna try it. A blockchain platform to turn time into the cryptocurrency.

[mrbnson]

Hello everyone ,

I want to ask your opinion about bitcoin  price increases from 9000$ to 11000$ less than  1 week , is that planned and normal ? because i have opinion that bitcoin increases  is too fast ,
in my opinion bitcoin rightnow is like we blow balloons and can explode at any time ,
please give me your opinion 
and i hope you all understand with my bad english 

The more common term for what you're describing is a bubble, it keeps growing and growing until it pops. We will see if bitcoin is in a bubble. I think there were some signs of it but this correction is good to bring bitcoin back to normality as well as its growth to slow down and expectations to become more realistic.

[Desperaboss]

Indeed, bitkoyn in recent days is growing very rapidly in price and is more than 11 100 dollars. For ordinary currency, this is abnormal, but not for crypto currency. Crypto currency has a very large volatility and therefore it is necessary to look calmly at such jumps in the price. Tomorrow the bitkoy's rate may drop again to $ 8,000, and this will also be a normal phenomenon for him and therefore there will also be no need to panic.

I totally agree. Bitcoin price will go down the next days but just stay calm and relax.
Perhaps you can buy some more at low price and be happy when price increases within the next weeks.

[micloop]

Bitoin is volatile like that. Today price surpassed 11k and came back to 10,3k, at right now.
Assets' graphics in a exponential curve is nonsense. It can't be real, I believe it's not stable, but it'll continue to grown in value till reach 21 millions of total supply.

[John Langut]

Hello everyone ,

I want to ask your opinion about bitcoin  price increases from 9000$ to 11000$ less than  1 week , is that planned and normal ? because i have opinion that bitcoin increases  is too fast ,
in my opinion bitcoin rightnow is like we blow balloons and can explode at any time ,
please give me your opinion 
and i hope you all understand with my bad english 

The more common term for what you're describing is a bubble, it keeps growing and growing until it pops. We will see if bitcoin is in a bubble. I think there were some signs of it but this correction is good to bring bitcoin back to normality as well as its growth to slow down and expectations to become more realistic.

I have read some articles arguing that Bitcoin isn't a bubble, it's an asset class of its own. A completely new paradigm.

Of course there are also many people who say it holds no value and is only used for crime. In practice you see those people are secretly or not so secretly buying Bitcoin anyway.

[uslfd]

BTC is extremely volatile - up 20% one second, down 20% the next.
However currently the exponential action is probably a lttle bit too much and market will need some correction

[uszaty43]

The only thing that i can think about the price is that you are a dumb, and you dont even diserve to have bitcoins on your wallet, and that is all.

It increased a lot, why are you complaining? I dont see anything bad with the price, it is just increasing because it was obviously going to happen, it touched $10000 and everybody is now like crazy trying to buy bitcoins because it is going up.

And when they saw that suddenly it was $11 thousand dollars, everybody was trying to buy MORE, and that is a cycle who will never end, and you should know that, because it is happening since day 1.

[brotherwood12]

The only thing that i can think about the price is that you are a dumb, and you dont even diserve to have bitcoins on your wallet, and that is all.

It increased a lot, why are you complaining? I dont see anything bad with the price, it is just increasing because it was obviously going to happen, it touched $10000 and everybody is now like crazy trying to buy bitcoins because it is going up.

And when they saw that suddenly it was $11 thousand dollars, everybody was trying to buy MORE, and that is a cycle who will never end, and you should know that, because it is happening since day 1.

im just asking mate , please just calm , every people have their own opinion , dont judge  easily by saying  " dumb ". and then im not complaining btw

thanks for ur answer too .

[pootutus]

If you have an investment plan, you can operate according to the plan. There is no need to panic about the volatility in a short period of time. This is the encryption currency, is already very common fluctuations for us, let us look at the miners, still in a quiet dig, don't ignore the market volatility so much.

[lasry]

What I think here is that bitcoin is being monopolized by someone, it is controlled by a very rich person/ group of persons who has the biggest portion of stocks,  they can easily manipulate the price of bitcoin. And once they hold of a lot of investors maybe they would pull it all out then bam price will pop down. And its all theirs. And its because of the GREED of people.

[pooya87]

in other words you are using a different approach for repeating the same old thing of calling bitcoin a "bubble" just because the price seems high to "you".

it is a pretty simple supply and demand rule. limited supply + increasing demand = means rising price. fast increasing demand means fast rising price.

so can bitcoin be in a bubble? maybe but first of all it won't be because it has risen too fast or faster than you expected. and secondly the chance of it being in a bubble is lower than the chance of it rising to $100,000 until next week.

[DARKANGEL6415]

Hello everyone ,

I want to ask your opinion about bitcoin  price increases from 9000$ to 11000$ less than  1 week , is that planned and normal ? because i have opinion that bitcoin increases  is too fast ,
in my opinion bitcoin rightnow is like we blow balloons and can explode at any time ,
please give me your opinion 
and i hope you all understand with my bad english 

Planned? Normal?
Planned by who and normal compared to what?

Bitcoin is probably one of the most unpredictable things ever...

Free market, no limits to buy sell, no closing hours, no central banks, no borders, fud and unicorns, greed and more greed... add all those ingredients and a lot more throw them in a pot and you've got the BTC price.
Whenever I hear or read about "experts" commenting about the right price I close the page.

I am not sure if the op was referring to what you answered to his post unless I read it wrong. The way i understood the post by saying if it was " planned normal " makes me think he is asking if the price fluctuations are the result of something like a pump and dump of bitcoin.  I personally do not think anyone can manipulate bitcoin price at this point since it is to large. I do agree with you though on the fact that so many experts are always commenting on this and that.

[iram1011]

Why there is a heated debate of bitcoin being a bubble?
No intrinsic value: ✓
Not much utility: ✓

According to Wikipedia

"An economic bubble or asset bubble is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value."

So yes, the major concern of bitcoin being a bubble that went intense recently due to insane increase in bitcoin price is indeed justified. Thus, many are comparing it with the famous .com bubble.

But bitcoin is not a company that can fail. Bitcoin is not centralized that can be controlled or crunched by banks or governments. Bitcoin is providing a completely different outlook to financial landscape. I believe, to measure bitcoin growth using available economic indicators is wrong. Bitcoin is like a revolution that have given people monetary freedom from centralized institution (that a person would never have realized). Bitcoin might not be extensively being used as currency but people are parking their dollars in it to save their money from fiat inflation that we have seen recently in Zimbabwe. So, many have followed!

Bitcoin is certainly not a bubble!

[jseverson]

What I think here is that bitcoin is being monopolized by someone, it is controlled by a very rich person/ group of persons who has the biggest portion of stocks,  they can easily manipulate the price of bitcoin. And once they hold of a lot of investors maybe they would pull it all out then bam price will pop down. And its all theirs. And its because of the GREED of people.

This has been a popular conspiracy theory as of late. Is it because of the Bitcoin Cash pump? Because a group was able to manipulate its prices, people may be thinking that the same thing is happening with Bitcoin behind closed doors. I don't think this is the case because Bitcoins are a hell of a lot more expensive, and if these bad actors truly want to bring Bitcoin down, they would have done so on times Bitcoin was at its weakest, like during Bitcoin Cash's rise.

The baloon effect you're saying is basically the bubble effect, but I'm not getting into that. All I can really say is people should probably expect a correction, and that it isn't a big deal.

[shindymlk]

Hello everyone ,

I want to ask your opinion about bitcoin  price increases from 9000$ to 11000$ less than  1 week , is that planned and normal ? because i have opinion that bitcoin increases  is too fast ,
in my opinion bitcoin rightnow is like we blow balloons and can explode at any time ,
please give me your opinion 
and i hope you all understand with my bad english 

I think that the progress of bitcoin will continue to grow from now onwards. i'm so excited look price of bitcoin really increase.