Ninjastic
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Board Economics
Re: Why bitcoin will appreciate forever
by
RealBitcoin
on 31/10/2015, 15:26:32 UTC
Quote from: Coinminer11 on October 31, 2015, 03:11:29 PM
Quote from: Mickeyb on October 31, 2015, 01:31:58 PM
Quote from: MinerHQ on October 31, 2015, 01:06:33 AM
Quote from: beepboopbeep on October 30, 2015, 11:19:45 PM
The current trend of bitcoin is that is is appreciating. The big bubbles and bursts only affect the short term trends.

Surely it will burst soon or later because at one shot prices went up more than 50% so I think there will be a correction soon.

You can't call this latest rise a bubble. Yes, we have gained nearly 50% but this ain't a bubble, especially if we know that Bitcoin was in a two year old bear trend and that the highest price was over $1,100 at the moment.

Now that rise to a $1,100 was a bubble. I would rather call current rise a recovery!
I agree. I see this as an uptrend and not a bubble imho. The $1100 was Mt.Gox who caused this I think (please someone correct me if I am wrong)

Possible, but I`m not sure if this is "it". You can see the price increase is very sharp, so it could be a bubble.

However the global economy is so fucked up,that it could not be as well. It can be just a late reaction of traders worldwide that discover that bitcoin is the real deal.