4th Bitcoin buble

[cryptocoiner]

How you ever wondered what should happend with economy to lead bitcon market to another buble? Where it can reach up to $10000 per 1 BTC ?

[tinof]

Hyperinflation is one.

But in case of hyperinflation, there will be currency exchange control in place. You may have a hard time doing transaction using btc hence rendering it useless.

[InwardContour]

I think we are very close to the start of a new bubble but $10000 is too high, probably the new ATH will be in the 4000-6000$ range.

[iluvpie60]

How you ever wondered what should happend with economy to lead bitcon market to another buble? Where it can reach up to $10000 per 1 BTC ?

its is very unlikely to happen. if it does happen USD will probably have to devalue more, and we are taklinga bout $10,000 USD per bitcoin like 3 or 4 years from now. miners still only require a bitcoin to be worth like 400 per to still make money off each one if they sell it right away.

mining price and some whales set the price for btc

[RyanPumper]

I don't think anything in particular has to happen, just look at the charts, we always rally during october - november. As for $10000 per coin, no one can say for certain when that will happen. but it is almost certain that we'll pass the previous ATH by the end of the year

[routecrypto]

The bubbles happens in different months, we can't predict that it will start in November only because last year started in that period.

[botany]

How you ever wondered what should happend with economy to lead bitcon market to another buble? Where it can reach up to $10000 per 1 BTC ?

When bitcoin reaches $10,000 per BTC, I hope it isn't a bubble. 

[Jungian]

I would not hold such a risky investment if I didn't think it could, not only reach a high value, but also change the world.

[Ayers]

at least one bubble per year will happen, until now this was a certainty, 2014 could be the exception, but 10k this year is to be excluded

[fdiini]

at least one bubble per year will happen, until now this was a certainty, 2014 could be the exception, but 10k this year is to be excluded

If there is a bubble this year, it will need to go higher than 1200. The wall street etf money is the last hope for this year bubble.

[thisisthis]

I think we can see the new all time high this year but with each passing day it's less and less probable.

[Foxxyfox]

I think we are very close to the start of a new bubble but $10000 is too high, probably the new ATH will be in the 4000-6000$ range.

I also think we are close to a bubble, i also think around 10 times more than current value, it means 500$*10=5000$

[coinableS]

I think we are very close to the start of a new bubble but $10000 is too high, probably the new ATH will be in the 4000-6000$ range.

I also think we are close to a bubble, i also think around 10 times more than current value, it means 500$*10=5000$

Yep, also thinking the same, next bubble will take us around $5K

[Cortex7]

Well this is thread in which to call it

so my prediction (similar to those above):

next top $5k ± $2k

correcting to $3k ± $1.5 k

https://i.imgur.com/BgFvwvu.png




EDIT: To address OPs question:

From a system analysis perspective (control theory)

The volatility I think is caused because the system is running at high gain and is not damped, so large oscillations in the groupthink of all users happens.

Anyone who understands what money is and what bitcoin is are lucky enough to be early adopters during these still early days.

[coinableS]

Well this is thread in which to call it

so my prediction (similar to those above):

next top $5k ± $2k

correcting to $3k ± $1.5 k

https://i.imgur.com/BgFvwvu.png




EDIT: To address OPs question:

From a system analysis perspective (control theory)

The volatility I think is caused because the system is running at high gain and is not damped, so large oscillations in the groupthink of all users happens.

Anyone who understands what money is and what bitcoin is are lucky enough to be early adopters during these still early days.

$1 Million by 2018! Woo hoo!

[EricTyle]

Hyperinflation is one.

But in case of hyperinflation, there will be currency exchange control in place. You may have a hard time doing transaction using btc hence rendering it useless.

Then with hyperinflation, would BTC really raise in value or relatively would it stay the same only to be worth many useless paperbacks?

[yucca]

Hyperinflation is one.

But in case of hyperinflation, there will be currency exchange control in place. You may have a hard time doing transaction using btc hence rendering it useless.

Then with hyperinflation, would BTC really raise in value or relatively would it stay the same only to be worth many useless paperbacks?

Bitcoin would do both.

Raise in absolute value ( bitcoin price of bread would drop ), caused by bitcoin cap growing.

And rise massively in fiat value ( fiat price of bitcoin would rise ), caused by people escaping the sinking ship.

So if we consider a loaf of bread as an anchor; then after hyperinflation starts bitcoin would fly above the bread and fiat plummet below, relative velocity between bitcoin and fiat would be tremendous.

Perhaps the bitcoin price of gold might remain the same order of magnitude.

edit: currency exchange control mechanisms are always black marketed away (the people responsible for the controlling often taking a cut), people are very eager to jump ship and people are also very eager to profit during the whole affair, it's CHAOS!

[SecureErase]

Well this is thread in which to call it

so my prediction (similar to those above):

next top $5k ± $2k

correcting to $3k ± $1.5 k

https://i.imgur.com/BgFvwvu.png




EDIT: To address OPs question:

From a system analysis perspective (control theory)

The volatility I think is caused because the system is running at high gain and is not damped, so large oscillations in the groupthink of all users happens.

Anyone who understands what money is and what bitcoin is are lucky enough to be early adopters during these still early days.

Based on your chart better HODL till 2018 or so ;-)

[gog1]

too early to talk about bubble, we are still in a downtrend.

[Chalkbot]

Honestly, I don't think anyone here has even considered the possibility of a 4th bubble. If so, then they never bothered to make a thread about it.