Bitcoin Price Crossed $11,000: Is it Really a Bubble?

[sonewaneaman]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

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[piloder]

I think all crypto coins are over bought at the moment so whole market is shaky right now so wecan expect huge bloodbath across all crypto soon.

I have sold almost all of my bitcoin at above $11k and waiting for some correction to buy back again.

[maaydin]

Well doubling its price in such a short time and such a high volume brings the question whether it was a bubble or not. In my opinion this price might be a bubble but not btc because btc will continue its operations but idk if it will make with this price.

[Oilacris]

I think all crypto coins are over bought at the moment so whole market is shaky right now so wecan expect huge bloodbath across all crypto soon.

I have sold almost all of my bitcoin at above $11k and waiting for some correction to buy back again.

I did the same thing which i did sell off all of my bitcoins on $11k price mark which it did exceed on the range i do expect which is only on 10k but i did put take profits on 11k and luckily it did hit and made me some profits for short time basis.Price corrections would really normally happen on these kind of events.Thinking off if theres a sudden price increase then expect for a sudden price decrease later on.

[Itjoker]

May be we will see a little corrections of price, but in the near future the price of Bitcoin will only rise.

[parobber]

I think we are in a mini bubble so to speak, I think there will be a fairly big correction back to maybe 8k and alts will get hit even harder. There is too much new money and hype at the moment and bitcoin is being bought up without a moments thought. I don't think anything catastrophic will happen but I am weary of a dip in the market.

[anitaraymonds]

Bitcoin has made a new high and looking like an overbought signal is about to show. I think it is about retracing downward a bit and then another move upwards again. I will suggest that holders should take their profits or at least halved their portfolio hold back a part and sell off the remaining half.

[MissionPhailed]

Looks like a correction is happening at this moment; BTC lost almost $2000 in the last hours, while the market cap of crypto as a whole lost a whopping 50 billion USD in that timespan! See if BTC manages to recover quickly again (it did during the last correction last november)

[pugman]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

The current scenario makes bitcoin look as if it's multiple series of bubbles  Got to admit Koreans are becoming one of the big influences as they are almost controlling the markets for potential coins right now. All started with bitcoin cash, now it is spread to bitcoin, ethereum, litecoin, monero etc. A rise of 1,300$ within a day is not a joke. People need to be careful about any sort of new investments, the markets can go down anytime if the koreans decide to dump all the pumped cryptos all together.

[Beerwizzard]

Now it dropped back below 10k$. The interesting thing iss tha it is not only correction of BTC. From the whole first page of shitcoinmarketcap (100 coins) only 5 (!) had some price increase for the last day. Lets hope this will end fast.

[S.Sandberg]

easy to answer, just take a look at the two following numbers :

Marketcap of bitcoin 1 years ago 10Billion $

Marketcap of bitcoin is 140 Billion$

Bitcoin Gains this last 12 months : 130Billion$

GDP of Qatar : 150 Billion$

Marketcap of all cryptos is about 300 Billions $

Marketcap of SAMSUNG : 340 Billion $


i think crypto currencies, attracted all of the possible nerd investors, and millionaires wannabes.

whoever think crypto market is as valuable as a company like SAMSUNG, is simply plain naive.

sure cryptos and bitcoin are really valuable, but are they really worth such a incredible amount ? ahhhh i don't think so.

Bitcoin got comparable gains to Qatar GDP . at some point, if this is not a huuuuge RED FLAG, i don't know what it is !

[Cyber Futurist]

Yes. The  Bubble. Thank you for inside info.

[shield132]

I have no idea what actually happens, it's not logical to rise price from 9500 to 11300, we were waiting for years to reach 1000$ and today bitcoin rised by more than 1000$ in some hours, that's out of control. What makes me uncomfortable is that it quckly dropped and is approximately 9200$. Wonder if anyone sold btc on today's high price.
What do others think? Does this sharp movement of price means something?

[richardsNY]

Looks like a correction is happening at this moment; BTC lost almost $2000 in the last hours, while the market cap of crypto as a whole lost a whopping 50 billion USD in that timespan! See if BTC manages to recover quickly again (it did during the last correction last november)

It's part of the game. Something that goes up in a quick fashion, will with a high probability fall down in a quick fashion. People shouldn't exaggerate things too badly with current volatility. No matter how much we went down, the $9000 level (at least for now) maintained pretty firmly, and that while it could have gone down further effortlessly. As long as the buy support is lacking, we'll see these price swings show up in a regular fashion -- maintaining anything above the $10,000 level is an insanely tough job. If you're a holder, then just ignore it since it won't affect you at all.

[Ethminer2x]

Whale using Usdt to kill bitcoin, the game just started

[DARKHOLDER]

I have no idea what actually happens, it's not logical to rise price from 9500 to 11300, we were waiting for years to reach 1000$ and today bitcoin rised by more than 1000$ in some hours, that's out of control. What makes me uncomfortable is that it quckly dropped and is approximately 9200$. Wonder if anyone sold btc on today's high price.
What do others think? Does this sharp movement of price means something?

It means that there is some people who think the current price is good for them- sold @ 11k  and they buy back @9k  ..

[Rahar02]

Well, I have missed the dip as bitcoin already recover over $10,000 again, it rises as fast as it falls.
Personally, I don't think bitcoin will get corrected significantly, yes, there will be some minor correction such as before but the market has reacted to buy back immediately. Because bitcoin will continue to rise due to bitcoin futures on December 10th.
Everyone who have sold their coins at the peak and have the chance to buy back in the dip, they are lucky obviously as it happened within few hours.

[Egoitss]

Short term Yes long-term NO.

[ubeng07]

Well, I have missed the dip as bitcoin already recover over $10,000 again, it rises as fast as it falls.
Personally, I don't think bitcoin will get corrected significantly, yes, there will be some minor correction such as before but the market has reacted to buy back immediately. Because bitcoin will continue to rise due to bitcoin futures on December 10th.
Everyone who have sold their coins at the peak and have the chance to buy back in the dip, they are lucky obviously as it happened within few hours.

as it was reaches in $11k obviously it was not a bubble it is meant to be happen and bitcoin will reaches more than that cause i believe that bitcoin are going to rise continously after this huge pump.

[pakhirgan]

Too much pumping is going here.

[lenj]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

Bitcoin is not bubble at all. Its real the market movement. Yesterday bitcoin just do correction and now it goes to the moon.
I always said that bitcoin will do correction but small and continue big bullish market

[C10H15N]

There will be a lot of profit taking and panic from the weak hands.  Play the long game and win.

[Caladonian]

There will be a lot of profit taking and panic from the weak hands.  Play the long game and win.

Understanding the flow would help people to keep holding, this correction will continue as many gainers already selling their coins or maybe will aim for some alts to pumped, the only thing that we need to do is to keep holding and treat this investment for long term goal and like what you have said, long players will earn a lot.

[C10H15N]

... and like what you have said, long players will earn a lot.

I already have. 

[JayFKay]

why does it feel like the banks just pumped the whole crypto industry up by billions of $$ to help pump BTC up beyond 11k & then sucked it back out again - if they are trying to fake a bubble its not going to work - go home banks you are drunk!

[sic57005]

If you wanna consider Bitcoin as bubble, then try to name any real price of it. Not the cost based on some production parameters, but price. Now you wondering why it is not, let's say, $100k per coin. There's absolutely nothing wrong with total cap of $1.6T: yes, it far more expensive than most of world companies, but this is a currency. For currency such amount is still very low.

[TravelMug]

why does it feel like the banks just pumped the whole crypto industry up by billions of $$ to help pump BTC up beyond 11k & then sucked it back out again - if they are trying to fake a bubble its not going to work - go home banks you are drunk!

It could be banks, financial institutions or other personalities that is pumping bitcoin now and trying to artificially or fake a bubble. However,  I don't consider bitcoin a bubble simply because it has recovered from "every bubble" they said it had gone thorough.

Look at the dotcom bubble, when it burst some of the companies wasn't able to recovered. They either merge with a competition or simply died out. And those who have survived, their stock price never rebounded as compare to bitcoin rebounding from every bubble.

[BlackBoxRecords]

I think all crypto coins are over bought at the moment so whole market is shaky right now so wecan expect huge bloodbath across all crypto soon.

I have sold almost all of my bitcoin at above $11k and waiting for some correction to buy back again.

If you even don't diversify between promising and shitty coins, then your thought isn't worth 5 cents! In general, if you compare the crypto market cap with the fiat money market cap, then you will see that the crypto currencies are nowhere near a bubble and will continue to increase heavily, at least those which are not shitty or a scam.

A bubble would be only if the value was overrated. The thing is that now it is not possible to estimate the real value, we have no tools for that.

[nasqar]

Yes.
Just give them to me so you are safe from that buble.

[13abyknight]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

We've been here from around the $5k mark when most of the wall street ballers began calling Bitcoin out to be a bubble and today we're at over double that number and did you expect the accusations to stop?
Believers will continue to hold while those who couldn't jump aboard will continue throwing more stones in an attempt to sway the holders. Bubble or not, they're just mad and jealous looking at middle class investors joining the millionaire list and surpass them.

[Kgdktac]

Yes.
Just give them to me so you are safe from that buble.

And problems solved. Kaching!!!🎆

[Pursuer]

it may be that bitcoin is showing some faint signs of a bubble, and have some characteristics that are very similar to a bubble but none of these things will make bitcoin a bubble.
specially when people use some kind of arbitrary analysis on bitcoin charts and they say it based on its price and history or when they compare bitcoin with some other very unrelated thing and say since that was a bubble this is also!!

price may even fall, but that still won't make bitcoin a bubble. it will be the "fear of the bubble" and I consider it a very different notion.

in fact I dare say anyone who calls bitcoin a bubble doesn't understand how valuable it is. the intrinsic value of bitcoin is at least 10 times the current price but some people don't yet see it. we call them weak hands.

[snackman]

Bitcoin is not a bubble. Its price increases, because there are many investors, wanna receive free coin in next 5 forks in December.

[Juliedarwin]

The bitcoin will have more to increase before the year end,. And maybe it's still on the same steady price until January. Bitcoin will increase and maybe it will really bubble because of the many investors got to be within.

[charlescoin]

It's definitely a bubble but the long term trend is still going up so even if it crashes tomorrow it will recover like it always has.

[coinsontheroad]

I think the correction already happened when it dipped down to 8600 then went haywire for a day or two. I don't see it as a bubble.

Right now it's behaving like it has every time cleared another 1000 mark. It finds support around 11,2000 then goes up to find resistance at around 11750ish, then it just smashes through the next barrier. We'll see 12K soon enough and maybe more before year's end.

[wantjokull]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

Its not a bubble it is the actual way bitcoin should work and should be working in the future too. The price fluctuation is all about the market correction currently and also with the high leaps taken currently many investors were surprised to the up surge of the bitcoin. This. has attracted many more investors towards the bitcoin and now it is the time they put all new stakes over the bitcoin and hence the 1.57++ Billion market cap.

There is no way this can be stopped though any means and the market cap is real with real demand and supply equation of the bitcoin. So once again it does not look like any bubble and it won't be really. :-) Lets have peace and let the bitcoin keep increasing in its value day by day.

[sugiri]

It might go down to 7-8k for some time but it will eventually go up again to hit 20K by early next year.

[Technor]

I think it to never stop raise again

[ajqjjj]

It might go down to 7-8k for some time but it will eventually go up again to hit 20K by early next year.

We can assume the bitcoin price like that because bitcoin price movement is the volatile but it is decentralized platform so no one can control and dump the bitcoin price without the any reasons. If there is any issues on the blockchain network and hard fork effort means you will find some dump other than if any project or adoption left from bitcoin only we are finding the dump other than that nothing failed price. but ethereum or other centralized currencies can have control on the price movement.

[devcracker]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

Well, yes i also do think so that currently the value of bitcoin is overbought. This was a tremendous rise in value of bitcoin in past couple of weeks. But, now I have a doubtful feeling that bitcoin will fall in the new year, "Every Rise has a Fall". I think it is the best time to sell half of bitcoins and earn profit and wait for the new year to buy bitcoins because ultimately the prices will fall in the new year according to some think tanks.

[BingoDog]

The fact that bitcoin price is rising doesn't have to mean it's a bubble, not in that negative way. Price is determined by conditions on the market and currenty it's realy favourable situation. When the balance disturbs that influence the price, often in negative way. At the moment we don't have to fear of negative tendences, I think by the end of the year the price should keep the positive course.

[anitaraymonds]

Yes, it look so much like a burble that will soon burst. I will sell off at the present price of above $11000 and then wait for bloody nose and re enter again and take a ride up again.

[smusanne]

While bitcoin displays many of the signs of a bubble I don't think we are in a bubble right now, I think that bitcoin has a ways to go before we are in a bubble. If it crosses 100k then perhaps we will be but for now I think it is worthy of its value.

[Kgdktac]

It's a bubble I like to be in. Regret is more like it for those who missed. I guess calling it a bubble help ease the pains and sort of give a local moral high ground that don't exist.

[pawanjain]

Bitcoin can be considered as a bubble since it's price has been peaking every month and has grown 11x times in just one year.
This is a very fast movement when compared to the past few years. Such rapid growth convinces any expert trader to believe that Bitcoin's price is a bubble and it will continue to rise until it hits millions. I say millions becuase very few people in the world know about Bitcoin and as more people get to know about it, the more investors will start buying it. Until a point comes when no investor will buy it then BTC will start crashing.

[Andre_Goldman]

I think a lot of things can be label as a bubble, "the universe" for instance .. the main problem is how big and when that bubble going to pop ...

for bitcoin I think we just started to blow air into the system and the quality of soap bubble is very good indeed ...  plus we just passed the psychological mark of 10.000 .. and 10.000 is the new reference for me ...

[Noxmfs]

Even if it's a bubble, and that bubble pops, it will be really healthy because in no time it will come back stronger than ever. As it always does and always surprises us.

[babsjoe]

Bitcoin may be looking like it is a bubble. There might be  even be a coordinated attack against bitcoin wnd all, one thing that is sure is this; bitcoin will keep increasing until it reaches it's full potential!

[Qunenin]

Yes, it is bubble and it is a big bubble which we get it surprisingly. When bitcoin was $7000 in that time bitcoin has prepared to give us a big bubble, now i want to wait for a time and see when bitcoin will come at $20000 to $25000, it is a huge price and profit for us.

[peter0425]

Even if it's a bubble, and that bubble pops, it will be really healthy because in no time it will come back stronger than ever. As it always does and always surprises us.

Exactly, what they are afraid of bitcoin as bubbles is that if it can't recovered similar to those dotcom bubbles 00's. But bitcoin shows resilient able to recover and then go even higher. So call it a bubble, but it can recover quickly. Like just today it crosses 12K mark and a lot of market analysis will again say bitcoin is a bubble that will be burst soon. I agree, it will be burst but they should also take into account how it can rebound and then goes even further its previous all-time-high.

So let's remain vigilant and see when this bull run will end and see how it will recovered and go to $20K.

[Hui8]

Don’t know why people always keep saying that bitcoin rise is bubble over and over again. I mean why can’t we just say it whole new development or whole in progressive market of the bitcoin that is taking the leap through time. We should be really happy with it and not to call it off the bubble as it devalues our bitcoin.

What bubble is really, a non crypto person coming into crypto world and after looking the potential of it he gets his bank account opened up and throw all the money into it. Now call it a bubble really! But no it’s not, it’s just the sarcasm and that’s what really happening with the bitcoin right now, they are calling it bubble because they are not able to justify how the bitcoin price risen so much high in such short period of time.

[1Referee]

bitcoin will keep increasing until it reaches it's full potential!

Classic wording. It's impossible to know when Bitcoin has reached a top from where it just can't grow further. It might very well be that we're almost there right now, or it might be when this market reaches $1,000,000 at some point in the far future. And then still, $1,000,000 might turn out to be peanuts if we see a massive amount of the total circulating fiat gets pumped into Bitcoin because no one wants to hold fiat anymore. In other words, it's all relative. Bitcoin will never reach a point where one can say that it has reached its full potential. The only thing we can say, and more or less be confident about, is that there always is room for further growth potential, and as long as we all think like that, and believe that, it will continue to rise.

[/GeertJohan]

Today, the Bitcoin is trading above $11,000 up 13.6% and has moved by $1307.06 in the single day with a total volume of $1.57B. Though Bitcoin is showing the bullish signals on the charts some of the parameters suggests that Bitcoin got overbought. It’s necessary for the BTCUSD to form a strong support and resistance level.

Is it really a bubble?

https://coincrump.com/bitcoin-price-crossed-11000/

Yes,Of course it is really a bubble.. The bitcoin value is growing up every hour.. It cannot be predictable. May the bitcoin value is become 20000$ in next hour. It can be move to any value..

[jityap]

I personally think it is a bubble. The price cannot continue to rise indefinitely. It isn't possible.

[barbara44]

I think it to never stop raise again

No mate it will never because people don’t want to go back at the low prices because they invested so much and they want fast result to achieve their profit and if this fall again then they will buy more to give if stable mode and I am sure you want to buy that’s why you want to see price at 7k but you are late now you want to buy then buy now otherwise in future it will take you more to buy and earn and use that money.

[jityap]

I personally think it is a bubble. The price cannot continue to rise indefinitely. It isn't possible.

I told ya so 

[Borisb52]

Bitcoin is a bubble. I've been hearing this for months. And the price of bitcoin with this after another correction again flies to the moon. Therefore, we can say that bitcoin is not a bubble. And it will be correct.

[Tactical Genius]

Bitcoin isn't a bubble as it stands now.It is built on a very innovative technology which with time will be widely adopted.When that time comes,people will have better options when it comes to cryptos and so will prefer other choices to it and that's when it will be a bubble

[peter0425]

Been hearing this argument that bitcoin is a bubble every since I involved myself in this community. I have heard so much from both side that I just totally ignored all of it. Bubble or not, bitcoin is here to stay and no one can stop it. Not even a country or a single person.

I personally think it is a bubble. The price cannot continue to rise indefinitely. It isn't possible.

I haven't seen any class assets for that matter that continue to grow and sustained it. Not in crypto or stock market. So I think that argument if flawed. Again, just call it anything you want. It's really getting tired arguing about it. If the bubble has been burst then wait for it to recovered and stand up and then whole argument starts again. Its a never ending discussion.

[vinbentrob]

Bitcoin price moves from time to time.  That does not mean that Bitcoin is a bubble.  Bitcoin is all cheap if you compare market data to estimated data of bitcoin in the future.

[Zadicar]

Been hearing this argument that bitcoin is a bubble every since I involved myself in this community. I have heard so much from both side that I just totally ignored all of it. Bubble or not, bitcoin is here to stay and no one can stop it. Not even a country or a single person.

I personally think it is a bubble. The price cannot continue to rise indefinitely. It isn't possible.

I haven't seen any class assets for that matter that continue to grow and sustained it. Not in crypto or stock market. So I think that argument if flawed. Again, just call it anything you want. It's really getting tired arguing about it. If the bubble has been burst then wait for it to recovered and stand up and then whole argument starts again. Its a never ending discussion.

Same here which going back on my first registration on this forum I do already see this argumentation until up to these years there are people who do repeatedly talk about bitcoin is a bubble all over again without basing or just seeing on the chart development of bitcoin it do shows that it do grows as the years goes by.There might be some price dips but those are just healthy corrections for us to proceed to go higher in value even more.

[hritevanz]

Based on what I have observed using the blockfolio application, the highest value of bitcoin in the history reached almost $20,000. The value of bitcoin today is not stable and fluctuating between $12,000-$11,000 which means that it cannot be consider as the bubble price instead it is consider as the dumping value of bitcoin. There is a huge difference between $20,000 and $11,000 which means that, it is not yet the bubble.

[gabmen]

Been hearing this argument that bitcoin is a bubble every since I involved myself in this community. I have heard so much from both side that I just totally ignored all of it. Bubble or not, bitcoin is here to stay and no one can stop it. Not even a country or a single person.

I personally think it is a bubble. The price cannot continue to rise indefinitely. It isn't possible.

I haven't seen any class assets for that matter that continue to grow and sustained it. Not in crypto or stock market. So I think that argument if flawed. Again, just call it anything you want. It's really getting tired arguing about it. If the bubble has been burst then wait for it to recovered and stand up and then whole argument starts again. Its a never ending discussion.

Same here which going back on my first registration on this forum I do already see this argumentation until up to these years there are people who do repeatedly talk about bitcoin is a bubble all over again without basing or just seeing on the chart development of bitcoin it do shows that it do grows as the years goes by.There might be some price dips but those are just healthy corrections for us to proceed to go higher in value even more.

Well the thing is, it can't be helped. There will always be people who will assosiate aspects of bitcoin to how bubbles, like the dotcom bubble, work in the past. For me though, this bubble has burst several times already only to be pumped up afterwards to newer highs. I know a lot of people also see it that way.

[qiwoman2]

The bubble has long burst now and we are in a decline going downwards to the 7.5k usd  support level, once that is breached, then the whole crypto markets will go on red alert and panic mode. People are so stupid that they have this herd mentality and start selling off altcoins that have great projects and promise just because the big financial institutions and whales are shorting bitcoin. In the end when everything crashes, who are the biggest winners of all time? The whales and big banks that will go in and scoop up everything for peanuts while all the rest of the idiots have panicked and sold themselves out for huge losses.