InsightCryp.to (OP)
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December 16, 2017, 11:49:52 PM |
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In your own words, why do you think BITCOIN is about to burst? Or, at which level it will burst?
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:white_circle: WHIRL :white_circle: SOCIALLY DRIVEN PAY-IT-FORWARD CROWDFUNDING PLATFORM
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Captimiz
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December 16, 2017, 11:53:14 PM |
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In your own words, why do you think BITCOIN is about to burst? Or, at which level it will burst?
I think it will pop at around the $100,000 mark, at which point Bitcoin's market cap will start to become larger than the economies of certain countries. Like bitcoin is already more valuable than some developing countries.
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hodler2022
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December 16, 2017, 11:55:54 PM |
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people are hyped in this forum, no discussion about technology details, development and real application. No one cares anything but the number before $. In my opinion, bitcoin is a great potential project, but it does not worth hundreds of billion dollars, the price is just because ppl are FOMO and everyone want to make free money out of it. Bitcoin has many challenges and threats, but most people here are just not able to see it or choose to ignore. Just my two cents.
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jimbo2000
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December 16, 2017, 11:57:19 PM |
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In your own words, why do you think BITCOIN is about to burst? Or, at which level it will burst?
In my own experience it's starting to get to the stage of being too good to be true. But I don't think it will burst yet, I think a little while still and then it will. There is too much support from new money right now.
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███████████████████████ ▀▄ Platio ▄▀ ███████████████████████
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Fire Rabbit
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December 16, 2017, 11:58:29 PM |
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I dont understand what make you guys think its a bubble. Its price is increasing because there is a hugh demand for it. And its logic that if the supply is short and the demand is hugh then definitely its price will increase. Everyday more people are entering into this crypto stuff and they want to own a portion of bitcoin. This is the main reason for its surge in price.
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otrkid70
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December 17, 2017, 12:02:09 AM |
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It has Risen wayyyyy to fast. The transactions are slow the fees are high to send. This is a disaster for BTC. Enjoy it while it lasts because this is not sustainable.
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MJunioR
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December 17, 2017, 12:04:14 AM |
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Burst? Nah, it won't.
Enter in a "depression" for sure, things need to adjust and this isn't sustainable in those conditions, but burst as go back for $1000 or less? I doubt.
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nullius
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December 17, 2017, 12:18:00 AM |
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In your own words, why do you think BITCOIN is about to burst? Or, at which level it will burst?
This is a textbook example of begging the question. Tell me, have you stopped beating your wife?For my part, (1) I don’t think there is a bubble at all; therefore, (2) I don’t think there is such a thing as would burst. I’ve heard the term “hypermonetization” suggested to explain Bitcoin’s extraordinary growth; but I am lukewarm about that. I’m studying the evidence and working out my own theory. Also, (2) I have never beaten my wife—(1) assuming I have a wife; here, that is compound question-begging just like yours!
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R21
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December 17, 2017, 12:41:03 AM |
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Actually some of exact reason for bitcoin present rising, first of it's huge demand, huge of new members joining under bitcoin sites, they are want to hold bitcoin but bitcoin mining is limited now so presently bitcoin value rising daily. it's impossible to guess how much values is limit for bitcoin.
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knien
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December 17, 2017, 12:54:08 AM |
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I don't get why we have so many threads on when the bubble will burst.
If I would think Bitcoin is a bubble, I wouldn't have gotten into it at the first place. (maybe only for very short term gains) I you got into it and now you feel like it's a bubble, why not just sell your bitcoin and never check this forum again ?
It's the FOMO and pure greed creating all these posts. No interest in Bitcoin as a technology at all. All these people only buying with $$$ in their mind and afraid to sell to late and miss profits. If you realy believe in BTC, you would just ride out the next dip (some people call it crash) and hodl for the long term.
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Argoo
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December 17, 2017, 01:13:11 AM |
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Obviously, bitcoin has some properties of a financial bubble. Almost everyone agrees that bitkoyin has accumulated a number of shortcomings lately, has become slow, its transactions are hanging, the commission costs for conducting transactions are large. And yet, despite this, bitkoyn has risen sharply in value. Hence, the increase in its rate is not due to an increase in its intrinsic value, recently it has even fallen, but due to an increase in demand for it, that is purely because of speculative trends. These are the signs of a bubble. However, there is still a lot of potential for growth in the bitkoy and I hope that after some time he will eliminate his shortcomings and adjust his course to an acceptable one.
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uscarrafone
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December 17, 2017, 01:37:50 AM |
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It would not be the first time, I wouldn't be too much afraid of missing the opportunity to sell in time but enthusiast with that of buying much more in the deep...
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ParallelSquid
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December 17, 2017, 01:39:41 AM |
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I'm starting to think that Bitcoin has reached a point where it's value is only being pumped up because of the hype. I agree that its performance as a mode for payment and transactions has drastically declined.
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Semaj123
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December 17, 2017, 01:45:45 AM |
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Actually some of exact reason for bitcoin present rising, first of it's huge demand, huge of new members joining under bitcoin sites, they are want to hold bitcoin but bitcoin mining is limited now so presently bitcoin value rising daily. it's impossible to guess how much values is limit for bitcoin.
Obviously that's right, huge demand is what btc keeps rising. Bubble speculation is always in whenever there's a huge increase of btc. This FOMO is not going to happen because everyday more investor will keep investing in btc. This current value of btc is not yet the end its just showing its potential growth and power as the mother of all crypto.
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Irdina
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December 17, 2017, 01:48:01 AM |
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Bitcoin will explode ,, I doubt it.I think the current price of $ 18,000 is already too high.But back again no one can predict the future.Anything can happen, we just follow the process and look for profits there.
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fulmetal08larz
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December 17, 2017, 01:52:30 AM |
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It's funny to think that people are still thinking of bitcoin's rise as a bubble about to burst once it reaches a new milestone or a new all time high. Surely, once it reached $20k, $25k, $40k, $100k there will be more FUDs and posts like this one. Why don't we just appreciate this revolution even though it has many flaws in the process due to it's technological development? At some point, at any price, there will be new set of investors coming wherein they will also learn from their own mistakes like everyone of us, and know the amazing purpose and value of bitcoin eventually.
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Babylon
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December 17, 2017, 01:58:55 AM |
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In your own words, why do you think BITCOIN is about to burst? Or, at which level it will burst?
I do not think Bitcoin will burst soon, because people interest about it are just keep increasing by the day. Yes, Bitcoin prices will drop in the next few months, but still it will not burst. It depends on your perspective about things. If you are optimistic (like me), even though the experts are saying Bitcoin is a bubble because it only relies on the so-called abstract demand of people, you will still think that it is not and wait our turn when bitcoin will be accepted as a currency.
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bill gator
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December 17, 2017, 02:06:40 AM |
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I don't know how many times it needs to be explained to "skeptics" of bitcoin's rise in price that it's not a "bubble" because there is no excessive value being placed on bitcoin artificially or in anyway that would create a burstable "bubble"; this is simply a value realization, which is to say that I do not see bitcoin going down very far, if at all, it very probably will continue to rise and leave people behind. Hindsight will hit these people very hard and they'll unfortunately miss the mass adoption spikes we've been talking about for years.
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Sihab76
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December 17, 2017, 02:11:39 AM |
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Now Bitcoin price is level of $19000 is really astonishing /amazing price level. But in future Bitcoin price will reach a better position , then Bitcoin create a stability , nothing to worry about bitcoin burst.
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traderethereum
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December 17, 2017, 02:15:56 AM |
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In your own words, why do you think BITCOIN is about to burst? Or, at which level it will burst?
maybe it will reach the highest price first and then the price will be down and I hope if it is down, the price will not go too far than the high price. maybe after btc reach $20k, the price going down for a while to make the correction and then will increase again as usual. but it is difficult to predict the up and down of the price so I think as long as we can make a profit from the movement, then we don't have to worried about this.
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