Bitcoin's bubble is going to be corrected - Update #3

[ObroQ]

After a long increase in price there has to be a decrease also, but that might not be the case. Maybe it will get stabilized at a constant price but i guess we'll see

[fedor3327]

Its not a bubble. Its actually safer than the USD or Euro. The reason is that there is a limitted supply. With FIAT they hjust print more. This connot be done with Bitcoin.

[Gangy]

I am not sure if it can be called as bubble because this is kinda in bitcoin's nature now. It goes above expectations and then crashes . This is like a circle now and it is more guessable now. Bitcoin rises and altcoins fall then bitcoins sharply fall and altcoins rise. I am waiting bitcoin to fall again to buy some bitcoin to prepare for next rise.

[pksingh]

Yes, only by information you can fight mis-information.
Once the world gets to hear nice and lucid new ideas of many alt coins, the stability will be achieved.
Let there be many educators.

[siddartha1492]

A big correction is surely due. Right now Bitcoin is running like an uncontrolled train which might derail anytime. Right now its just the bulls taking the market up, but eventually it will come to rest, at least for some time!

[Bastime]

I am suspecting also this idea due to Bitcoin's bubble in full throttle that surely will create opposite reaction any day from now.
Bitcoin's sudden price surge this month isn't good at all because this due will prove that Bitcoin's volatility will be higher and every investors and owners must be ready if worst correction will come on way. Bitcoin's trend this month is the center of the eyes of financial institutions across the globe.

[Bastime]

A big correction is surely due. Right now Bitcoin is running like an uncontrolled train which might derail anytime. Right now its just the bulls taking the market up, but eventually it will come to rest, at least for some time!

When that event will occur, everyone will be desperately freak out because they're almost become rich and millionaire that which Bitcoin is the only thing that could give them good money than investing on local businesses.
I know that day will come and I hope everyone will be calm because as the history of Bitcoin bubble when there's a correction then after few days it will get back and rise again surpassing the highest value before the drop.

[Yackie]

Welcome to Bitcoin, yes it already goes up and then crashes...remember when it went up from $.18 to $.65 ...then crashed down to $.20...then another time it went all the way to $120 then crashed down to $28...then it went all the way to $1200 and then crashed down to $200...etc...

Even if it does crash, how bad could it be. It will be still up if you look at the growth in the last few months

[palle11]

Its not a bubble. Its actually safer than the USD or Euro. The reason is that there is a limitted supply. With FIAT they hjust print more. This connot be done with Bitcoin.

It is referred as a bubble because of its paraphernalia surrounding it. It is internet based, accessed through the internet, not touched nor felt unlike fiat. This is what the economist refer as bubble and so might not stand the taste of time.

Meanwhile, bitcoin has by far been valued above all fiats, be it dollar, Euro nor pounds.

[Bastime]

After a long increase in price there has to be a decrease also, but that might not be the case. Maybe it will get stabilized at a constant price but i guess we'll see

Today Bitcoin isn't used ideally what supposedly the Crypto-Currency that has been design for products and services payments but instead people are buying it like collecting a jewelry or a precious Gem that is buy, collect and keep instead of circulating it to be used as monetary or any other purposes that used to be the cyrpto-currency description since Bitcoin was introduced back in 2009.

[BeManga]

bubble going to burst will not happen in bitcoin
i use bitcoin for a long time bitcoin community is growing stonger and stonger
there a lot of speculation that it going to burst but it not happen and they just waste their chance
price drop is natural in crypto even it drop so low it will go up again and again thats what i always see in bitcoin
i just use bitcoin as currency if it go high i will be happy and cash out some if drop i will still cash out if i need some cash

[Marvell1]

It's a very correct name - the grand correction, I like it. I guess it will be the most harmful and deep correction ever. According to other BTC corrections (up to 50%) the price could reduce down to 8500.

[bitcoinbox]

It's a very correct name - the grand correction, I like it. I guess it will be the most harmful and deep correction ever. According to other BTC corrections (up to 50%) the price could reduce down to 8500.

I'm not too sure about your "grand correction". I think more and more that we will see some flash crashes like the one happening at the moment (from 17k to 14k then back to 15.5k) but within a few hours, Bitcoin will recover and will get even stronger. Bitcoin doesn't give a shit anymore about fundamentals. That's why Fundamental Analysis and technical analysis aren't relevant.

[witch]

People already said this when BTC was skyrocketing to three digits zone or to 1k in 2013. Look where we are now. In my opinion there are too many bubble callers right now.

[tevez_86]

We have seen this before (obviously not on this scale) where BTC has risen but then dropped considerably. i believe a couple months into 2018 we will see a drop before it stabilizes again.

[L0uis]

The bubble will burst sooner or later but it depends on the impact of the burst whether BTC will be able to recover it or not. Bitcoin has recovered every drop it has suffered but the ultimate drop " The bubble burst" will show us how strong Bitcoin is and whether it has a future or not.
I hope the bubble bursts after 4-5 years at least so that we all could make a hefty profit out of it.

[keycellko]

We've seen this comment for far too long and where did this lead us? Bitcoin is stronger than ever. It has reached far from anyone ever imagined it. There may be times when the value decreases due to corrections but i don't think it will turn out to be like a bubble.

[eyesopen]

the bubble might burst but i think there will be plenty of people waiting to blow it back up again!

what will be the damage, it isnt going back to sub $9k . . .

[catapult]

All of the cryptocurrencies have very fluctuate price situations. So, basically, this is not the meaning of that, all the cryptocurrencies are bubble. And also it is valid for bitcoin too.

[Jonashe]

We've seen this comment for far too long and where did this lead us? Bitcoin is stronger than ever. It has reached far from anyone ever imagined it. There may be times when the value decreases due to corrections but i don't think it will turn out to be like a bubble.

Stronger ? The main network is unusuable, exchange are down, you can't withdrawal shit, there is a panic buy, we're going to a big crash and it's needed, tired of this exponential growth the tech is not ready yet.