A62662
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January 05, 2021, 11:47:55 AM |
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Yes, we are in a bubble. When will it burst? We'll only know AFTER it has burst that it has burst for sure.
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dre1982
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January 05, 2021, 12:58:13 PM |
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Another Bubble? The world has been asking itself this question since the beginning of Bitcoin existence. 2011: "Don't know much about economics and I can't make any educated predictions about the (complicated) future of Bitcoin, but it looks like it's increased in value by 600% in the past month and a half, which screams "bubble" to me. posted by lostburner at 3:54 PM on May 18, 2011"
"Looking at the mt. gox exchange I see that bitcoins are spiking in value. This looks like a classic bubble. posted by humanfont at 8:53 PM on June 3, 2011"
"It appears the Bitcoin bubble has burst. It's currently trading at under 14 Bitcoins to the dollar, down from over 30 in one day. posted by gc at 7:39 PM on June 11, 2011"
Doesn't all of the above sound familiar in 2021, guys and gals? Yep it is the same story we read everytime it goes up. This time it went up very quickly so we will see a normal correction. We won't see it burst like a bubble. At least, that is what I hope.
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mrdub
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January 05, 2021, 02:23:03 PM |
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Yes, we are in a bubble. When will it burst? We'll only know AFTER it has burst that it has burst for sure.
I agree I think the crash will come soon. The steady climb of the last 6 months wasn't anything to worry about, but the rapid last week rise is. We are not 50% higher than the previous ATH which has happened just before last two major crashes. The ATH has made the mainstream news, again just like before the previous crash. Will BTC go 40k? Yes definitely. This bull run, I give it 50:50. Will BTC go 50k. Yes definitely. This bull run. No I don't think so.
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Leviathan.007
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January 05, 2021, 03:30:27 PM |
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In my own idea we can say bitcoin price is on a price bubble, when we see the price is rising extremely for no reason without any positive fundamental or technical reason but currently there are many good reason for it and the most important one is grayscale the company is increasing bitcoins funds rapidly. In less than two months grayscale doubled bitcoin savings. However, price bubble is also possible and many people are thinking about selling at ath. But, if you are a true believer you won't sell at current price because of fear of the bubble.
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pragna
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January 05, 2021, 04:31:59 PM |
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Yes it can happen again but let's hope that this time it won't happen. We can see right now that the price of Bitcoin keeps increasing and some people are waiting for price correction which is a good opportunity to buy Bitcoin.
Yea, that may be but i think sometimes history brake down and situation also different now. Yea, price may be correction but i think for situation it will hit atleast 40k$ as it rolling many days to 30k$. Actually in recent days is very much vital time for BTC market.Here up and down both can be happen but i always in positive site in this time. thanks.
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Coinsfera
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January 05, 2021, 04:32:48 PM |
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Will January of 2021 be an exception or obey the tradition of History . If history will repeat it self when will this bubble burst? 🤩🥳
I do not think that history will repeat itself. Now it is different than the last time Bitcoin reached ATH. People and institutions now are unanimous about Bitcoin. I do not see a strong threat to Bitcoin.
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serjent05
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January 05, 2021, 06:28:49 PM |
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Indeed Bitcoin is in another bubble but the good thing is, it is yet to burst. We are still in the early phase of its inflation unless something drastic happens like institution shorting or authority trying to manipulate the price and other unexpected events, the price surge will continue. So it is not time yet for the Bitcoin bubble to burst in this cycle.
I don't think it's into the bubble stage yet. because Bitcoin is just back in late 2020 and Bitcoin is doing very well right now and in my opinion, the world economy is getting very tough with the Covid-19 epidemic and People are very shy about communicating with each other, so Bitcoin has emerged with superiority. so it will increase so let's just have fun and welcome the happiness that Bitcoin brings.
I wonder what you call a sudden surge of Bitcoin price in just a short span of time?
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Mpamaegbu
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January 05, 2021, 06:29:16 PM |
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Technical analysis is 99% hinged on the fact that history will repeat itself History has never favored Bitcoin in January 👌 Will January of 2021 be an exception or obey the tradition of History .
If you want to follow that history repeating itself, then you should remember how Bitcoin got to ATH in Dec of 2017, a post halving year. We can witness correction in January but it won't be anything near a dump. 2021 is another post halving year. History repeating itself will mean we should be looking at Dec for a great ATH. Shorters get ready..
Too early to start thinking of shorting Bitcoin now. You will miss the train once you sell off, except you're really talented at trading. NO, It’s Not a financial advice 😋
But of course, it shouldn't even cross anyone's mind to take it as a financial advice seeing that your account is newbie.
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wxa7115
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January 05, 2021, 06:51:01 PM |
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Technical analysis is 99% hinged on the fact that history will repeat itself History has never favored Bitcoin in January 👌 Will January of 2021 be an exception or obey the tradition of History . If history will repeat it self when will this bubble burst? 🤩🥳 Like the popular saying Buy the Rumour Sell the News
Shorters get ready..
NO, It’s Not a financial advice 😋
There are too few data points to make the conclusion that just because it is January the price of bitcoin will go down, I know that is what happened during the last bull run but history never repeats itself perfectly, most people remember the end of 2017 but the bull run actually began at the end of 2016 if we are going to use your argument about history then there could still be many more months ahead of growth as this bull run did not officially started until October of 2020. As you can see we can always draw from history something that validates our opinion about what will happen, so the best thing to do is instead to ignore it and concentrate on what we have ahead of us.
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gleisson05
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January 05, 2021, 07:17:07 PM |
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I don't think Bitcoin will go down much during the correction. I expect not more than $1000-1500 below 30k. Anyway, I'm going to use the occasion to get more $BTC
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Wysi
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January 05, 2021, 07:46:07 PM |
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Whoever says bitcoin is bubble has not done enough research about Bitcoin and had it been bubble it will not be active for so many years and when the market crashes it doesn't mean bubble has bursted and if we consider drop in the value as bubble burst then what do we call it when it bounces back?
This will never burst since it's not bubble and eventually everyone will understand the fact it's just an attempt to instill fear in user's mind.
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Yatsan
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January 05, 2021, 10:45:22 PM |
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Actually no one knows if this is just kinda sort of another bubble again and if it is, then when it will burst, with that, no one literally knows. That is kinda a difficult and tricky question to ask for we are just being surprised by the market bull run happening that seems to be on start and we are still not reaching the peak of it. Many of us are anticipating the possible dump to happen despite of the continuous pump that we are having right now since many of us have learned the lessen from the last bull run so most of us are surely gradually putting and pulling out to secure profit so if ever the same thing happens once again, at least we are on the safe track. With regards to the bubble burst, no one knows when that is why we must keep on observation but as of now, we must see into it to grab any possible opening of opportunities to get along with this bull run to gain profit while it is still possible to get along.
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Wawa2013
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January 05, 2021, 11:38:53 PM |
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I don't agree if the increase in the Bitcoin price that is happening right now is another bubble, because the current increase in Bitcoin is very different from what happened in 2017. If we do research and analysis properly, will discover some facts that Bitcoin fundamentals are currently much stronger than they were in 2017.
It can be seen from the investors who bought Bitcoin which are big companies with a large market cap. Likewise many rich people around the world buy Bitcoin, one of Mexican billionaires Ricardo Salinas Pliego is investing 10% of his total wealth. So I don't believe that the current rise in Bitcoin is a bubble and is about to burst.
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Zionatin
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January 05, 2021, 11:44:34 PM |
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When people say "bubble" idk it fills me with rage. It sounds really stupid. If you believe in bubbles then rather use fiat. Bubble heads only care for profits. Crypto is no bubble. A Ponzi is a bubble. Bitcoin will not crash because it is not a Ponzi. Very simple. If you worried about losing profits just split the bitcoin and USD. Always go with your gut.
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acener
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January 06, 2021, 04:04:26 AM |
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Just another regular question for BTC but with different choice of words. No one really knows when would the price crash down so we should just learn to analyze it for our own. We are all in the same boat in here no one knows what would happen next.
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Reatim
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January 06, 2021, 04:29:40 AM |
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When people say "bubble" idk it fills me with rage. It sounds really stupid. If you believe in bubbles then rather use fiat. Bubble heads only care for profits. Crypto is no bubble. A Ponzi is a bubble. Bitcoin will not crash because it is not a Ponzi. Very simple. If you worried about losing profits just split the bitcoin and USD. Always go with your gut.
Bubble they say because they Have no Funds to invest lol, Because they are Bitter not Buying when the value is still cheap so what they do now is questioning the Pump that made them frustrated in they wrong decision. and maybe some of them are RIPPLE supporters that have very difficult situation now. Bitcoin now has REAL INVESTORS ,meaning no Bubble and no hyping no manipulation but Pure Investin.g
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Lorence.xD
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January 06, 2021, 05:10:35 AM |
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The price will drop but its not a bubble, if you done your own research where in the second phase of a big bullrun. Yeah sure a short term pullback will happen but Bitcoin's price will never go back to $10k. If you're a weak hand goodluck with that but shorting instead of accumulating and buying dips is a good move in long term perspective.
Exactly, bubble by definition is quick increase in value which followed by a crash that is impossible to bounce back. Remember the South Sea and Tulip Bubble they never bounced back. I think that a pullback will be healthy for the market because that means that supply is sort of replenished. My personal take on the title is no we are not in a bubble, if we are in the first place then the prices right now is impossible and bitcoin will just be another failure, the burst will not happen because there is no bubble after all.
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Kxxk
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January 06, 2021, 06:47:29 AM |
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I pray to end the bull market, it’s too crazy! Especially i don't have bitcoin...
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Walterhank
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January 06, 2021, 06:57:59 AM |
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I think January could be very good for Bitcoin and will help it reach the $50K mark or at least anywhere near it. But after that, I'm not very confident that it can rise further. People will start selling it eventually and there are high chances that the bubble could burst in Feb. But I certainly hope that this doesn't happen.
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JimboToronto
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January 06, 2021, 02:02:19 PM |
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History has never favored Bitcoin in January
Nonsense. The price tripled in January 2011, rose by over 50% in Jan 2013, and rose over 33% last January. It has never fallen by that much in any January.
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