Bitcoin Bubble Theory

[skillex]

Hi guys, if ever this theory will ever happen to Bitcoin, what is your decision on bitcoin you have now? Will you spend it all before the bubble will take place? Well we are not god that can predict this, but If you are given the chance to have some premonition will you sell directly? 

[HumberRolls]

I will say up 2018 btc will can max $50k and soon down the price to $7k 

[skillex]

4 minutes ago, Han2x said:

Don't panic on what you heard about bubble @skillex. I read about that statement of Novogratz. He said Bitcoin is a bubble. But he also said that Bitcoin will reach $50,000. So we are still far from that. Invest more and if it will reach near to that. You can secure and withdraw it. But if it will exceed more than that. Then that means the prediction is wrong. Maybe McAfee is right that Bitcoin will go fast to $1M in 2020. 

yes hopefully that will never happen mate  , coz a lot will be in problem for sure , because a lot are almost selling there properties just to invest to it.

5 minutes ago, HumberRolls said:

I will say up 2018 btc will can max $50k and soon down the price to $7k 

thats the most scary one if ever will likely to happen, the 7k value, thats so hurting hehe 

[HumberRolls]

What I say is a theory that, sometimes, can result because it is a bubble that keeps increasing and more until some moment it has to explode
 

[remember]

if you really need money. just sell it. if you dont need much now just think about future ,30 -40k are waiting of prize 

[ktfor57]

The way price has rose in one year it is quite possible to reach $50K, but the price is oscillating between 15K- 18K if there is fall, trend shows the fall may not be steeper from $50K levels 

[skillex]

1 hour ago, SuddenlyBroke said:

If I had premonition that bitcoin was a bubble, yes I would sell twin!

however... I don't think bitcoin is a bubble. So if I had many bitcoins I would not sell them. Unless I wanted the cash to go do something interesting. Or if the cash was life changing for me. If the cash I could cash in for represented say 50% of someones wealth then I think cashing in would be the smart move, because the risk of losing them even in the small situation where bitcoin does crash, would not be worth taking as the life changing amount would be lost. 

So I would cash out if bitcoin was at an amount and the coins I had were going to have a very significant impact on my quality of life, if not I would just let them ride until 20 years!

 

Great decision twin as expected by you

46 minutes ago, remember said:

if you really need money. just sell it. if you dont need much now just think about future ,30 -40k are waiting of prize 

Yeah very true @remember

[wilberthh]

I won't sell my bitcoin even if the price dropped to $5000 only  I think this is because I'm not having that 'much' bitcoin yea? lol. 

But if I have more than 1 bitcoin, then yeah I'll sell it when it dropped to at least $11.000.

[skillex]

16 minutes ago, wilberthh said:

I won't sell my bitcoin even if the price dropped to $5000 only  I think this is because I'm not having that 'much' bitcoin yea? lol. 

But if I have more than 1 bitcoin, then yeah I'll sell it when it dropped to at least $11.000.

Wise decision @wilberthh

1 hour ago, HumberRolls said:

What I say is a theory that, sometimes, can result because it is a bubble that keeps increasing and more until some moment it has to explode
 

Yeah I agree also the possibility I can treat bitcoin as a bubble is about 75%

[Kargai]

The question if it's a bubble is no more a debate for me, it is. But when a bubble explode the asset don't loose suddenly all his value (very rarely), usually it drop around like -60%

Et the current price around 18.000$ that mean the coin could drop to 6000-7000$ which is still more than decent.

If you just store BTC without buying anything, just hold long term and even with a crash you'll be cool. If you bought some when the price was less than 5k$, just do the same.

The only ones who need to be attentive to the bubble are those who bought between 7k$ and the current price. If you bought between 7-10k$ you'll have the time to see the crash coming, more you are close to the current price ... more you'll have to be attentive

[Snike]

If I had lots of bitcoin funds I would sell 50% of all my btc at 45k USD. The rest I'ld hold and wait until the future

[suresh]

A bubble needs to get busted when it becomes big, but Bitcoin will reduce the price to lower, however we all see how far it moves towards the sky.

[Snike]

25 minutes ago, suresh said:

A bubble needs to get busted when it becomes big, but Bitcoin will reduce the price to lower, however we all see how far it moves towards the sky.

I think at like 90k USD it would pop. If its a bubbl. We'll see

[naldi23]

maybe is down in 2018

[barbaris]

I will try to sell with minimal losses, if this happens.

[naldi23]

why don't you try to sell now before down?

[Kargai]

For me it's a bubble mainly for 2 reasons. First is the fact that most of the new money coming in BTC is from traders. They are just there to make quick bucks and not for the technology. They will run away as soon as it will pop. The big amount of money coming in cryptos must come in majority from them (more than 10 billions $ a week are coming in total crypto market cap).

Second, and most important, is the fact that the price of BTC is no more related to his utility. It's still not a common paiement method, not a lot of stores allow you to pay with it, some countries are banning it, etc. Of course things are equivalent on the other side with some good news, but the estimate people in the crypto-sphere is still under 100 millions around the world, etc. 

People are betting that BTC will be huge, but it's disconnected to the reality for now. An example is with the current level of unconfirmed transactions. With 100k+ it take sometimes multiple days to received a transaction/payment. It's totally impossible that BTC will work like that. We can expect that they will add some new feature in the blockchain but basically we are supposed to have more and more transactions. So more and more delay. So less and less usable. But even with that the price is still rising like if nothing could stop it. 

For me (but it's only me) that's a proof that the people who play with the price have absolutely nothing to care about the real usage of BTC, it's just a financial game. 

I don't say the bubble will explode tomorrow but it will be. The Internet bubble explode after 2-3 years and we are still in the very first year of the cryptoworld rising.

[Kargai]

32 minutes ago, SuddenlyBroke said:

Great ideas and very Interesting points Kargai. 

Do you mean big traders like financial institutions? How can we be sure this is true, interested in finding out. 

But if it doesn't pop, even if most of the money is from traders at the moment, won't they continue to still trade indefinitely? What makes us think it will pop some time. 

But even if you can't pay in your favorite store, I mean you can shop on Amazon with gift cards you purchased with BTC), and Amazon has practically everything.

I don't believe then 10+ billions $ can come from elsewhere (I even believe the market cap increase by more than 20 billions $ a week, i just put a conservative amount ^^). Ok more lambda people are coming in crypto world but that never represent billions, that huge amount most come from bankers/traders or governments.

The indefinitely trade simply don't exist. It's never the case. It work the same for every crash from the Wall Street Crash of 1929 to the Internet bubble to the crisis of 2008, ... the pattern is always the same. People put more and more money in the bubble and at one point it's just not sustainable anymore because the price and the product is no more related. When someone who invested in something don't want to do it anymore because it's too pricey, he just take his benefit back and run away. When too much people do the same ... the bubble explode.

For the last part yes, but imho it's too complicated for most of the people. For BTC to be really usable by the majority of the world that has to be more easier. Plus if you need to pay high fees for purchasing your amazing credit card, than buy someting on Amazon and pay for the delivery, etc. It's not so interesting anymore. Better to pay directly with your credit card.

[barbaris]

47 minutes ago, Kargai said:

For me it's a bubble mainly for 2 reasons. First is the fact that most of the new money coming in BTC is from traders. They are just there to make quick bucks and not for the technology. They will run away as soon as it will pop. The big amount of money coming in cryptos must come in majority from them (more than 10 billions $ a week are coming in total crypto market cap).

Second, and most important, is the fact that the price of BTC is no more related to his utility. It's still not a common paiement method, not a lot of stores allow you to pay with it, some countries are banning it, etc. Of course things are equivalent on the other side with some good news, but the estimate people in the crypto-sphere is still under 100 millions around the world, etc. 

People are betting that BTC will be huge, but it's disconnected to the reality for now. An example is with the current level of unconfirmed transactions. With 100k+ it take sometimes multiple days to received a transaction/payment. It's totally impossible that BTC will work like that. We can expect that they will add some new feature in the blockchain but basically we are supposed to have more and more transactions. So more and more delay. So less and less usable. But even with that the price is still rising like if nothing could stop it. 

For me (but it's only me) that's a proof that the people who play with the price have absolutely nothing to care about the real usage of BTC, it's just a financial game. 

I don't say the bubble will explode tomorrow but it will be. The Internet bubble explode after 2-3 years and we are still in the very first year of the cryptoworld rising.

I completely agree. It will be a big explosion and a lot of tears.

[skillex]

1 hour ago, Kargai said:

For me it's a bubble mainly for 2 reasons. First is the fact that most of the new money coming in BTC is from traders. They are just there to make quick bucks and not for the technology. They will run away as soon as it will pop. The big amount of money coming in cryptos must come in majority from them (more than 10 billions $ a week are coming in total crypto market cap).

Second, and most important, is the fact that the price of BTC is no more related to his utility. It's still not a common paiement method, not a lot of stores allow you to pay with it, some countries are banning it, etc. Of course things are equivalent on the other side with some good news, but the estimate people in the crypto-sphere is still under 100 millions around the world, etc. 

People are betting that BTC will be huge, but it's disconnected to the reality for now. An example is with the current level of unconfirmed transactions. With 100k+ it take sometimes multiple days to received a transaction/payment. It's totally impossible that BTC will work like that. We can expect that they will add some new feature in the blockchain but basically we are supposed to have more and more transactions. So more and more delay. So less and less usable. But even with that the price is still rising like if nothing could stop it. 

For me (but it's only me) that's a proof that the people who play with the price have absolutely nothing to care about the real usage of BTC, it's just a financial game. 

I don't say the bubble will explode tomorrow but it will be. The Internet bubble explode after 2-3 years and we are still in the very first year of the cryptoworld rising.

Well explained kargai thanks for sharing your tought to this. Bitcoin really i think has its era and im guessing also now is bitcoins last phase.

29 minutes ago, barbaris said:

I completely agree. It will be a big explosion and a lot of tears.

i agree with you buddy its a heartbreaking really if were caught to this bubble and unable to sell before it will take place

[barbaris]

3 minutes ago, skillex said:

i agree with you buddy its a heartbreaking really if were caught to this bubble and unable to sell before it will take place

I do not want to be among those whom it touches. I think if this happens, then the scale will be huge.

[skillex]

18 hours ago, SuddenlyBroke said:

If I had premonition that bitcoin was a bubble, yes I would sell twin!

however... I don't think bitcoin is a bubble. So if I had many bitcoins I would not sell them. Unless I wanted the cash to go do something interesting. Or if the cash was life changing for me. If the cash I could cash in for represented say 50% of someones wealth then I think cashing in would be the smart move, because the risk of losing them even in the small situation where bitcoin does crash, would not be worth taking as the life changing amount would be lost. 

So I would cash out if bitcoin was at an amount and the coins I had were going to have a very significant impact on my quality of life, if not I would just let them ride until 20 years!

Very wise decision twin

 

19 hours ago, SuddenlyBroke said:

If I had premonition that bitcoin was a bubble, yes I would sell twin!

however... I don't think bitcoin is a bubble. So if I had many bitcoins I would not sell them. Unless I wanted the cash to go do something interesting. Or if the cash was life changing for me. If the cash I could cash in for represented say 50% of someones wealth then I think cashing in would be the smart move, because the risk of losing them even in the small situation where bitcoin does crash, would not be worth taking as the life changing amount would be lost. 

So I would cash out if bitcoin was at an amount and the coins I had were going to have a very significant impact on my quality of life, if not I would just let them ride until 20 years!

 

Very nice decision twin

but im hoping bitcoin really isnt a bubble

[suresh]

10 hours ago, Snike said:

I think at like 90k USD it would pop. If its a bubbl. We'll see

But at this time too it can dump the price without bursting. A bubble needs to burst when it become big and big. Yeah let see how long this BTC will move.

[Snike]

3 hours ago, suresh said:

But at this time too it can dump the price without bursting. A bubble needs to burst when it become big and big. Yeah let see how long this BTC will move.

Well some say the btc bubble will crash when the last btc is mined... 

[NatalyD]

On 16.12.2017 at 5:55 AM, skillex said:

Hi guys, if ever this theory will ever happen to Bitcoin, what is your decision on bitcoin you have now? Will you spend it all before the bubble will take place? Well we are not god that can predict this, but If you are given the chance to have some premonition will you sell directly? 

A lot of experts says ере BTC will be mined until 2140. Where is the truth nobody knows, but I want to believe in good