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Author Topic: Is crypto bubble bursting finally?  (Read 1916 times)
wolfgang-95
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May 11, 2018, 10:15:27 AM
 #1

I'm really confused about the crypto market. As i see at other bubble in past crypto bubble seems nothing in from of them the dotcom bubble was over 6 trillion dollar 18 ago from now and the Cryptos is just collapsing just after touching 800 billion which seems nothing in front of other massive bubbles. What u guys think?

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May 11, 2018, 10:29:34 AM
Merited by dopecoindude (5)
 #2

No, it's not bursting. The rise in December/January was too rapid and not sustainable, which caused the pullback afterwards. The market bottomed out in the mid $200 billions, and we have been on a steady uptrend since then. Today has seen price drops, but this is part of the wider upwards movement over the last month or so. No reason to panic.

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May 11, 2018, 10:33:44 AM
 #3

Crypto isn't a bubble.

Crypto market isn't the only one that suffers today, it may take a long time before it fully recovers but when the crypto market was in big correction at the very beginning of this year.

Stock market did also suffered from it.

It's normal as crypto market has a lot of well experienced traders not only in crypto but in some other markets too and they are not just small time traders but they know when to take profits altogether.

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May 11, 2018, 10:34:26 AM
 #4

Also what do you think about the situation that nowadays anybody can launch his token and smart-contract with no coding? Will it destroy the market? I mean that project if you still don't know
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May 11, 2018, 10:46:24 AM
 #5

I'm really confused about the crypto market. As i see at other bubble in past crypto bubble seems nothing in from of them the dotcom bubble was over 6 trillion dollar 18 ago from now and the Cryptos is just collapsing just after touching 800 billion which seems nothing in front of other massive bubbles. What u guys think?
I dont see the downward spiral as a burst but an inherent characteristic of the crypto- market, and so there shouldn't be unnecessary panic. it will soon experience a resurgence. the community generally is building an indication that in the overall, no eroson of confidence.
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May 11, 2018, 10:52:17 AM
 #6

Where is this bubble that the people are talking about? I cant see any bubble here.
Crypto is a marketplace and in all market, there are some speculations. These are big parts of all the markets even Nasdaq or Dow.

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May 11, 2018, 10:53:51 AM
 #7

If we can not get rid of the curse of MT.gox, it will only continue 2-3 times this time. Is it from Upbit  ?

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May 11, 2018, 11:31:57 AM
 #8

From what I've collected so far, bitcoin does have a bubble. But the short time will not be crowded out, later is not good to say.
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May 11, 2018, 11:38:11 AM
 #9

I do not see any bubble bursting anytime soon for cryptocurrency. The wall crypto is experiencing now is only normal as you cannot continue to have the price growing up without any fall. Sometime, it will fall so intending investors can buy at lesser prices and then it rise again, then everybody enjoy increase /growth on their coins.

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May 11, 2018, 11:44:27 AM
 #10

It will be a few years before the explosion. After all, bitcoin has been on the rise for so long. I have confidence in it.
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May 11, 2018, 11:52:39 AM
Merited by dopecoindude (5), paramind22 (5)
 #11

When we see downwards price movement such as we have today, the first thing to do is always to get some context. Don't view it in isolation as a price drop, but look at it as part of a longer pattern, say the last month or so. Then look at the last month in the context of the last 12 months.

If you do this every time, then you won't panic at price drops. Even the huge correction earlier this year was still part of the overall uptrend. You can draw a straight line across from October/November 2017 prices to March/April this year to see that really the pattern is constant, there was just an anomalous rise and subsequent correction from December onwards.

Always get context. Don't panic!

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May 11, 2018, 02:26:48 PM
 #12

When we see downwards price movement such as we have today, the first thing to do is always to get some context. Don't view it in isolation as a price drop, but look at it as part of a longer pattern, say the last month or so. Then look at the last month in the context of the last 12 months.

If you do this every time, then you won't panic at price drops. Even the huge correction earlier this year was still part of the overall uptrend. You can draw a straight line across from October/November 2017 prices to March/April this year to see that really the pattern is constant, there was just an anomalous rise and subsequent correction from December onwards.

Always get context. Don't panic!
today the market is declining, some people panic and worry. you are right that we should look from time to time, corrections should always happen, but see what always happens at the end of the year.

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May 11, 2018, 03:50:19 PM
 #13

I'm really confused about the crypto market. As i see at other bubble in past crypto bubble seems nothing in from of them the dotcom bubble was over 6 trillion dollar 18 ago from now and the Cryptos is just collapsing just after touching 800 billion which seems nothing in front of other massive bubbles. What u guys think?
It looks like you are not seeing a latest update in the cryptocurrency, you shall read the latest news about upbit exchange site is being investigated by police. This is not a bubble burst but the regulators effect to the cryptocurrency due to the recent act has affected to the biggest cryptoexchange site right now.


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May 11, 2018, 03:55:59 PM
Merited by dopecoindude (5)
 #14

What's happening is not a bubble bursting. It's just that the price movement is volatile that is why there are many reasons why the crypto market is currently in a downfall. Those people with weak hands got panicked easily and sold off their holdings upon seeing a massive sell-off from yesterday. Mt Gox could be haunting the market until September 2018 and there are FUDs all over the news as well. Crypto currencies has a bright future ahead which can be utilized in many aspects.

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May 11, 2018, 04:29:29 PM
 #15

I think you can't compare the crypto market with other bubbles, it is pretty much different, just as many economists say bitcoin is bubble but rather it follows a cycle over the years.

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May 11, 2018, 04:43:31 PM
 #16

I'm really confused about the crypto market. As i see at other bubble in past crypto bubble seems nothing in from of them the dotcom bubble was over 6 trillion dollar 18 ago from now and the Cryptos is just collapsing just after touching 800 billion which seems nothing in front of other massive bubbles. What u guys think?
In my opinion, the Crypto market was born for the professional traders. Those traders will make a lot of profits when they understand the cycle and how the market works.
We can see that the Crypto market has always had a strong volatility and has caused many people's beliefs to falter. But all is just FUD and that's the shark's strategy. Be careful with them, keep the psychology and turn the risk into profit.
I want to tell you that the Crypto market is not for investment and you should not trust too much bitcoin. Stop at the right time before losing everything. Wink

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May 11, 2018, 04:46:49 PM
 #17

I'm really confused about the crypto market. As i see at other bubble in past crypto bubble seems nothing in from of them the dotcom bubble was over 6 trillion dollar 18 ago from now and the Cryptos is just collapsing just after touching 800 billion which seems nothing in front of other massive bubbles. What u guys think?
You check the past five years chart then only you will understand the Crypto status this is not bursting. Some issues are occur in the Crypto platform automatically it was down. Again it will up in gradually so fluctuations are already expected because every year first half of the year is fluctuating continuously but next half year it will going. Many peoples are confused this year lot of fluctuation are happening because last year it was rapidly raise so big whales are selling most of the Bitcoin.

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May 11, 2018, 04:53:39 PM
Merited by dopecoindude (5)
 #18

I'm really confused about the crypto market. As i see at other bubble in past crypto bubble seems nothing in from of them the dotcom bubble was over 6 trillion dollar 18 ago from now and the Cryptos is just collapsing just after touching 800 billion which seems nothing in front of other massive bubbles. What u guys think?
I didn't know there was a bubble costing more than the current cryptocurrency market! Yet I don't think we can call it a bubble in our case. Yes, there are many overvalued projects but not all of cryptos are senseless. There appear more and more projects with use cases. I think that there's the risk of becoming a bubble here, but the market can manage not to get there on its own as well. For  now the prices are rather low (especially now, with another South Korea problem) in comparison with ath, but very high if we look at the progress of prices from, say, May 2017 and till now.

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May 11, 2018, 05:12:19 PM
 #19

They are killing the bitcoin since the beginning of the coin and the blockchain base on their articles, news and personal opinions of the ignorant, bubble words are literally common when bitcoin price is crashing, we have some major crashes in the past that happen overnight for almost 80% plus, hacking incidents from the infamous Mt.gox and a lot, market capitalization from the present indicates that the number of investors are increasing, the fact that it stays on the top one proves it all.

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May 11, 2018, 05:27:01 PM
 #20

You are writing somewhat because of this bubble. And, the bubble can be burst at any time I also think so. But, by looking at the past the Bitcoin is still existed for 10 years and maybe there for next 3 years at least. So, in the next bull market, I will accumulate all my funds to cash.

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