Is Bitcoin a Bubble?

[ScotlandPros]

Hello community,

I have heard some reports that 'someone' has put $1 million on Bitcoin being $50,000 before the end of 2018 and other conflicting reports that Bitcoin is a bubble that is going to burst. I understand this is very much a time will tell kind of question and some may argue that the press has said bitcoin is  going to burst/fail since it came out but look at it now... and I understand there may be at least a chance it could be worth $1 million in the future.

What I am asking is what are the big Bitcoin holders thoughts on this are they bailing or are they holding for the long hall, if they are holding can 'The Bitcoin Bubble' really still burst?

I have most of my eggs riding in this crazy but attractive world and would really appreciate inside feedback.

Thanks for reading  

[Manoharachan]

Bitcoin is a bubble that can happen at any time, and I also expect bitcoin prices to soar up to $ 50,000 in 2018, and in the future I also believe bitcoin will have a higher value.

[ScotlandPros]

Thanks for your feedback, I understand there can be swings but can the Bitcoin bubble burst all together at any point, i.e. permanently?

[Yaunfitda]

Hello community,

I have heard some reports that 'someone' has put $1 million on Bitcoin being $50,000 before the end of 2018 and other conflicting reports that Bitcoin is a bubble that is going to burst. I understand this is very much a time will tell kind of question and some may argue that the press has said bitcoin is  going to burst/fail since it came out but look at it now... and I understand there may be at least a chance it could be worth $1 million in the future.

What I am asking is what are the big Bitcoin holders thoughts on this are they bailing or are they holding for the long hall, if they are holding can 'The Bitcoin Bubble' really still burst?

I have most of my eggs riding in this crazy but attractive world and would really appreciate inside feedback.

Thanks for reading  

You can checked this thread, Is Bitcoin now the biggest bubble of all time?. There are plenty of good arguments in it so I suggest you go and read it.

Personally, bitcoin is a bubble specially when there are a lot of irrational buyers coming in and pumping the price to greater heights and then it will burst suddenly. However, it going to be a continues cycle, bubble has been burst, and then recovery began, another pump started pushing to another all-time-high. So that is the pattern. But its really hard to compare bitcoin to let's say the tulip mania, because it never did recover, even the dotcom bubble as well. Bitcoin on the other hand shows resiliency, able to comeback and goes even further from its previous all-time-high.

[mkhjhv]

Yes, I think bitcoin is a bubble and you'd better be ready to leave because the price will drop anytime. The market for bitcoin is similar every year, but the price is not rising. That's bitcoin.

[ScotlandPros]

Hi, I checked out that thread and there is some good reading in it. Thanks Yaunfitda. I had not heard of the 'Tulip' before - interesting stuff. I am in for the long hall and regardless of swings will be riding it long term.

[hxxxiu]

I've also read many articles about bitcoin being a bubble. Many make sense, but after the bubble burst, it is another high start, but I do not advise a novice to take the plate, which will cost you money.

[ScotlandPros]

Thanks hxxxiu for feedback.

What do you think Bitcoins eventual highest price will be? Will it eventually stabilise?

[cuteness]

Thanks for your feedback, I understand there can be swings but can the Bitcoin bubble burst all together at any point, i.e. permanently?

No bitcoin is not a bubble and i believe on it.There might be changes that we can witness but bitcoin is solid and slowly showing its importance to the community.I also read some articles regarding to bitcoin being a bubble but i don't believe on them.I would not listen to others i will follow what i truly believe.

[feny.blackpink]

no, i think bitcoin is not a bubble. if bitcoin was a bubble, it would burst in near time.
but look at now, bitcoin has not burst yet. so bitcoin is not a bubble, every year bitcoin price increased.

[ScotlandPros]

Do you think Bitcoin will rise and repeat bubble then burst going up overall and then stabilise, or will it eventually die?

 I agree with cuteness that the community behind bitcoin and its history of pushing back through everytime the weak here a bad press report and flea will ensure its long term reign.

[franky1]

bitcoin is not a bubble.. its an asset

bitcoins price IS currently in a bubble

take the real estate market. houses are an asset, but the prices can INFLATE real quick above a steady average. this sudden rise for no infrastructural reason is where the prices are in a bubble. and when it bursts it drops to a lower more realistic level

real estate has had its bubbles, as have many assets.
bubbles dont mean the asset is not real. bubbles mean the price is currently very inflated due to alot of hot air(speculation)

[bitmover]

Bitcoin survived many death attempts already.
It has grown wildly, bouncing back even stronger after each attempt.

It will not die.

[ScotlandPros]

Great point bitmover, Bitcoin has made it through many apparent deaths.  I am not sure if Bitcoin will reign over all other cyrptocurrencies in the long term Mungurul there is allot of chat about other alts taking the lime light from Bitcoin.

[loverbitcoin]

If the bitcoin bubble bursts, this is what will happen next
Bitcoin looks like it's heading towards a major crash. If it happens, crypto-millionaires will be hit hardest while governments move to regulate the cryptocurrency.

But for me bitcoin will continue for the sucess even some goverments is not in favor of bitcoin.

[buiduc]

BTC is absolutely a bubble but not today, not tomorrow. it will be develope more and more. and someday it will be broke

[pooya87]

you are way too late to the bubble party and FUD. it is long over and done with.

price reached $20,000 which was a big bubble then it burst and it was corrected somewhere along the line of 50% drop down to $10,000 but thanks to all the fear and FUD and newbie weak hands it didn't stop there. the drop went on to become one of the biggest dumps in history of bitcoin a -70% drop.... and that was the end of the bubble talk.

now price is on the recovery from that big dump and market is going back to normal levels to reach there and after that start rising.

none of your POLL options is a correct choice by the way.

[ScotlandPros]

Hi pooya87,

I added your opinion into the poll. Any others let me know.

Thanks.

[aardvark15]

My vote is that we are in a recovery phase. However, there is a slight possibility that we haven’t seen the bottom yet, so if the price were to drop significantly more, you could say that this is still a bubble. I am hopeful that Bitcoin has hit bottom and is gradually increasing so that at some point in the near future, there will be a big breakout in the positive direction.

[jayc89]

Hello community,

I have heard some reports that 'someone' has put $1 million on Bitcoin being $50,000 before the end of 2018 and other conflicting reports that Bitcoin is a bubble that is going to burst. I understand this is very much a time will tell kind of question and some may argue that the press has said bitcoin is  going to burst/fail since it came out but look at it now... and I understand there may be at least a chance it could be worth $1 million in the future.

What I am asking is what are the big Bitcoin holders thoughts on this are they bailing or are they holding for the long hall, if they are holding can 'The Bitcoin Bubble' really still burst?

I have most of my eggs riding in this crazy but attractive world and would really appreciate inside feedback.

Thanks for reading  

There's not that options for people that like to purchase the coins when they are in their dip then selling it while moving to another coin to invest in. Some people won't have one answer while filling in that poll.