What happen to Bitcoin? Bubble or Not?

[abaidudez]

I am so worried about the price of Bitcoin now. After climbing a bit up to $11000+ start of this week it drop rapidly now to $8000+ and maybe will still go down or drop more. Is this the bubble? But I hope not. That price climb for the previous days still not enough for what I expected. Very surprising price change.



What do you think will the price of Bitcoin this March? Will it go down more below $5000? Or this is just a buying opportunity? If someone have the idea what affect the price of bitcoin. Kindly drop it here.

Or is this what makes the price to go low. Panic selling of a company of about $400 Mln worth of Bitcoin.
Source: https://cointelegraph.com/news/bitcoin-price-hit-2018-lows-because-of-400-mln-mtgox-sell-off-reports

[acha1217]

after read this news, I feel concerned with Bitcoin. but they sell bitcoin to pay the defunct exchange’s creditors.That's not because they not loving bitcoin anymore, so we still have a chance to see bitcoin like a few month ago. I believe, bitcoin will be back expensive again, but this need long term time, because bitcoin lost much ammount in dollar.
We can make use of this time to buy Bitcoin, because the price still low, Bitcoin will be reach high price again, maybe around half of this year!

[Thirdspace]

I am so worried about the price of Bitcoin now. After climbing a bit up to $11000+ start of this week it drop rapidly now to $8000+ and maybe will still go down or drop more. Is this the bubble? But I hope not. That price climb for the previous days still not enough for what I expected. Very surprising price change.

price bubble is when the price is much... much... higher than its real value. (last december $20k )
what you just said is a price correction, the price drops and finds a new stabe price level after sudden increases

What do you think will the price of Bitcoin this March? Will it go down more below $5000? Or this is just a buying opportunity?

if you have extra money and believe in bitcoin, price drop is equal to buying opportunity
my guess is if it really go down very low, it will stabilize at $6k for about 1-2 months

Or is this what makes the price to go low. Panic selling of a company of about $400 Mln worth of Bitcoin.
Source: https://cointelegraph.com/news/bitcoin-price-hit-2018-lows-because-of-400-mln-mtgox-sell-off-reports

maybe

[Mofoblitz]

It was obviously a bubble and true to form like all bubbles it burst but that does not mean that bitcoin won't go up again, and with the way this crashes are going I won't be surprised if another bubble happened soon

[Borisov]

Rather, it is the ball which could no longer be inflated, now blown away, and with new forces will again . As for the price, most likely we will not go down below 7500-8200, a very strong resistance line. Now the news background is positive, and there are no problems with prices to grow, which in fact, we will soon observe.

[12tribes]

The bitcoin and crypto world is no bubble. It takes more than just saying or speculating or even providing a few shallow points to say or assert that the crypto is a bubble. A bubble is a scam and it results in loss of lives and business. The bitcoin venture and the crypto world is not so.

[deviltasha]

I am so worried about the price of Bitcoin now. After climbing a bit up to $11000+ start of this week it drop rapidly now to $8000+ and maybe will still go down or drop more. Is this the bubble? But I hope not. That price climb for the previous days still not enough for what I expected. Very surprising price change.



What do you think will the price of Bitcoin this March? Will it go down more below $5000? Or this is just a buying opportunity? If someone have the idea what affect the price of bitcoin. Kindly drop it here.

Or is this what makes the price to go low. Panic selling of a company of about $400 Mln worth of Bitcoin.
Source: https://cointelegraph.com/news/bitcoin-price-hit-2018-lows-because-of-400-mln-mtgox-sell-off-reports

Look back price have never been stable.

[hakertajniak]

I guess bitcoin is not a bubble. If it was a bubble, it would burst a long time ago.
Did you remember the difference of the price in the past years? The increment of bitcoin price made we think bitcoin is a bubble.
But look at now, bitcoin value still more higher than last year. It is not burst, because bitcoin is not a bubble.

[BrewMaster]

just because price is not rising, or because it is falling, you can not call it a bubble! a bubble was here when price reached $20k and it is long corrected. i would call this more of a panic sell than even calling it correction.

we may yet see lower prices too since the major buy support was broken but still that doesn't make it a bubble either.
unfortunately the big rise of last year has left bitcoin vulnerable and all the FUDs are making things that much worse. and only time can fix this.

[An0nyMoose]

Yes and the bubble popped. After every rally there is going to be a down phase. These corrections are good as they value the bitcoins at the price the market thinks is right.

[Rustamm]

Bitcoin showed itself as a swelling bubble in December of last year. It was after this that countries such as India, Britain and others began to warn their citizens that investing in bitcoin is very risky. However, in order for bitcoin to burst like a bubble, on the one hand, so that it reaches, if not the limit with its price, then at least very high price values. On the other hand, we need a certain push, some negative news that would lead to panic and the domino effect.
Therefore, we can say that bitcoin is a bubble, but at this price it does not pose a significant risk to investors.

[PauloLuks]

I remain with confidence. Bitcoin will increase soon. We'll see a correction by next week. Many negative news have come out in the last few days.

[babygun]

Bitcoin price is very volatile this last couple of days and is now struggling to find a new support. Price increase last year was not realistic and price has since then dropped a lot, but it is in my eyes not a bubble. If it would be, price will drop to as low as 1000$ or even lower.

[zhekinsp]

Bubble...Bubble..Bubble......

Too much of bubble stories since 2011 about bitcoin but the price fluctuation is just normal in bitcoin because of its limited quantity so say it is bubble when the price is falling,even if the bitcoin is an bubble still many people are making money woth it so join with them before it gets too late."make hay while the sun shines'.

[Mpamaegbu]

It was obviously a bubble and true to form like all bubbles it burst but that does not mean that bitcoin won't go up again, and with the way this crashes are going I won't be surprised if another bubble happened soon

As a noob, you are bound to take this position and tag what is happening a bubble. I don't have any issue with such stand. But have you heard of the word, "correction"? Good. Try to see what is happening as correction and price stability. Nothing rises forever without finding gravitational pull once in a while.

Or is this what makes the price to go low. Panic selling of a company of about $400 Mln worth of Bitcoin.

No doubt the Mt Gox sell off aided the further plunging of price as the news made a mess of technical analyses. Also, don't hurriedly forget that excess supply will always bring price to its knees at all time. And that was what happened with the sell off.

[Sinecoin]

I think we've been in a bubble since the climb from 3k to 20k and up til now.  None of the crashes indicated that the bubble bursted because after a big crash we would always experience an even bigger climb.  If this pattern persists in think we'll reach new peaks and possibly even 50k btc in 2018 but if we dont come out of this bearish market that were current in, then btc could go back down to 5k or even below.

[Twentyacoin]

I think we should all just stop panicking.

There are many TA that says that bitcoin is heading for a correction if it falls below 8k.

But tbh, the bitcoin futures contracts closes today. And that is the reason for the price crash. They're trying to suppress the price in order to get a good price during the end of the day. After that, price should rise naturally

[bob3772]

I think we should all just stop panicking.

There are many TA that says that bitcoin is heading for a correction if it falls below 8k.

But tbh, the bitcoin futures contracts closes today. And that is the reason for the price crash. They're trying to suppress the price in order to get a good price during the end of the day. After that, price should rise naturally

You mean like they did last time? If I remember correctly it only moved by about 10% after futures closed. I think the google ban is being used as part of the existing FUD around Mt. Gox. I do think we'll hit a bottom soon because there doesn't seem to have been significant enough news to cause this large dump.

[Thirdspace]

I think the google ban is being used as part of the existing FUD around Mt. Gox.

I believe so, it could be the Mt Gox talks + Google bans that caused people anxiety and slowly sell their holdings
and that was spread by a handful of people so that they can buy bitcoin with cheaper price

I do think we'll hit a bottom soon because there doesn't seem to have been significant enough news to cause this large dump.

I don't understand this part.
Why would there be a dump if there is no significant news? unless I misunderstood that sentence
IMO having no news on bitcoin would only make bitcoin price to stabilize, not dump or pump

[CryptoNick23]

Everything is possible. I think it can be more than double.