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

[Essaint56]

Bitcoin doesn't operate like a regular stock. How many times these fools needs to be reminded. Bitcoin is the start of the new economy which will end poverty and rise productivity to an unprecented levels meeaning that it will nevel crash. It will make everyone on earth rich and prosperous.

Everyone Can't be rich... Keep That in mind 

Yeah right, But those who have the opportunity to invest in bitcoin and did invest. They are now considered rich and some of them are even millionaires.

[dasher797]

Why people always said that bitcoin is a bubble, are they ignore that bitcoin and bkockchain technology is the best invention in this century?. Bitcoin and blockchain technology will make our life is easier. So its not a bubble.

[Acguy]

It won't happen when everyone expects it to burst soon.

[Essaint56]

Why people always said that bitcoin is a bubble, are they ignore that bitcoin and bkockchain technology is the best invention in this century?. Bitcoin and blockchain technology will make our life is easier. So its not a bubble.

Those people are afraid to get rich immediately. LOL Maybe they were a victim of scam before. haha

[boyshx]

Bitcoin`s bubble is going to burst, but when i am hearing this from last 18 months and more? Bitcoin bubble is increasing in size daily, who is pumping this bubble? Correction in price is the most important part in development of any currency. It helps the currency to remain healthy. Bitcoin have show many correction, starting from $0.06 in 2006 to $979 in Nov 2013, again it has fallen to $239 Feb 2016, and now it has stabilised near $18000. Bitcoin is showing constant grown since last 7 years. If it is a bubble why so many investors are investing in it from such a long period? 

[naglas]

Yes, every time BTC rises there are plenty of opinion that this one (oh, this one for sure) is the last rise and every BTC owner will loose everything tomorrow. No, not tomorrow, they'll loose everything right now. It's envy, I think

[Raist]

So it is not a bubble today. It will not be a bubble tomorrow. Because all of the previous bubbles had another trait in common. Mass public. That very shoe cleaner from the legend. They are still not here. But they are coming. Winter is near.  

I am really not sure about this. In these days I hear a lot of comments about investing in bitcoin, from people that have never traded. And the permanent reports of new highs in TV and newspaper is suspicious. The hype is real. It is over the top. Nobody is even speaking about loosing money in this market.
Not a bubble. But a big correction is coming for sure. Nothing goes up forever. The parabolic uprise is clearly noticeable in every chart. Look at 6 Month BTC. Pferfect sharp flagpole.

I have already sold a lot and stay with an amount what I can afford to loose Because if it crashes, nobody gets out.

Here I will absolutely disagree with you. Dotcom bubble took place when fiat $ was not so diluted with inflation as today. Mostly this bubble was inside economy of the US, still before the collapse this market cost several dozens of trillions (30? too lazy to google, by the way google also dotcom member, remember). It thrills doesn't it? Why people carried money there (well one of the reasons)? Because as anyone can find in the stats wholesale and retail through internet were among 5 main economical locomotives of IT era. That was new and real. And was overpriced and bummmmmmm. How do we know it was overpriced? Because everybody can count - Apple must have the same profit for 500600700800 years to pay that price for the shares. We had statistics of their profit. We knew about this economy.

Now do you see the influence of the blockchain tech in the future well...... 10 years? If you do you R a Genius and I want to buy your predictions (if you show your fulfilled ones). Nobody knows. Shares can be multiplied - BTC cannot.

Then please pay attention to one moment. Dotcom crashed. Apple still here. IBM, Oracle, Amazon, Ebay - those still here too. There is bubble and there is value. Our goal is to divide them. 

[chutchmcgillicutty]

It's all just perspective. Even if btc goes down 90% from here (from 13000 to 1300) we are still up from a year ago. You have to read "How I stopped worrying about price and learned to just love the technology."

I like this way of thinking. I have really been thinking about what "money" actually is recently as this insane rise keeps going. It is almost as if people are rejecting fiat curreny, governments, capitalism, coprorations, etc.. and forcing a new better way of doing things down the the worlds throat.

What a time to be alive!!!

 

[michellee]

Why people always said that bitcoin is a bubble, are they ignore that bitcoin and bkockchain technology is the best invention in this century?. Bitcoin and blockchain technology will make our life is easier. So its not a bubble.

I think people don't open their mind to the new technology which we know will bring something new for us and might help our life to be better. but I admitted that now after the price is climbing, people amaze and they finally want to join with this. I don't think that bitcoin is a bubble and I think it just for some people that will think that bitcoin is too risky for them and I think they will give a bad opinion about bitcoin.

[davidroux]

This is just a baseless prediction. Bitcoin has an 8 years development history. there are many many predictions which said that Bitcoin will burst. But until now, Bitcoin still grows and continues in the future.

[Falgorn]

It seems to me that while bitkoyn not fall down for correction. This can be judged by its current behavior, and by the presence of certain factors for its further growth in price. First of all, now seven of his forks are starting to be held, which will continue until the beginning of January. Therefore, people will be interested in investing in bitcoins to get loose coins. Perhaps, this will also be affected by the trade in Bitcoin futures. In addition, since January, the project "lightning" will begin to work in bitcoins, which solves almost all the issues that have become urgent with him and eliminate his shortcomings.

[Rudementry]

Now many people say that within a week or a maximum of two there will be a correlation of the bitcoin price. Even if the price goes down, by January it will rise again. Futures cost 17,000 for January, and for February 18,000. So this is insurance. And it does not seem that there was a noticeable decline in interest in bitcoin.

[1 currency now]

What's missing from the graphs? The grand correction is coming soon.

Not right now, the coin is just getting new money into Bitcoin so the price is about to go up very soon.

[macchiato]

It is indeed expected to dump very soon but I am not sure how much. Can anyone here estimate how much percentage bitcoin usually drop after an all time high? I really hope that is wouldn't be greater than 25%.

[Toden1379]

possibly! As soon as confidence in the bitcoin  is shaken, a fear could sweep through investors leading to bitcoin’s collapse.

[NuttyOrange]

One false move of our big investors can make the bitcoin burst. I guess its up to the whales and sharks of bitcoin. Once bitcoin is shaken it would cause panic to everyone.

[publicjud]

The market is very overheated right now. There will be correction for sure, but nobody knows when exactly and how deep/long. I suppose the current BTC correction is just the local one.

[dharnamonitor]

LOL! I've heard of this nonsense of "the bubble is going to burst" since Bitcoin was only worth $100.

It will indeed have a price correction (it's very much overbought today) but that's hardly a "bubble that is going to burst".

Live with it.... Bitcoin is HERE TO STAY and especially GROW STRONGER.

 It might be look like that, but as we can see bitcoins became stronger since the beginning and always be stronger since we see and experience its potential from ups and downs. It surely will face its correction  but it doesn't mean like a bubble burst

[jbautistangina]

Mortgage in the U.S is a bubble,the cars and other things are bubbles so you dont have to worry BTC is a bubble yes? will it collapse fast? no.

[bbcolex]

It may or may not happen, bitcoin price is very volatile. Correction will happen but calling it a bubble every time it hits all time high really doesnt makes sense to me anymore, this is my opinion. Everytime bitcoin rally , I always see this kind of post or news. that "Bitcoin is in bubble and will soon burst", Just kinda funny how someone so confident to tell that bitcoin is indeed in a bubble without concrete basis. We all know though that everything has it's end but we don't know when. It's just a matter of time but no one can really tell.