Never. We are not in bubble territory, we are were we should have been naturally if the Willybot Mtbox incident didn't happen. You could call it a buble if tomorro we wake up at $5,000 or something. The price keeps growing in a healthy way, with small dips there and here.
If the ETF passes, due psychological factor associated with the ETF = big pump, it may dip, but I don't predict sub $1,000 prices.
If you sell before ETF: you risk that you miss on massive gains if it gets approved.
If you buy before ETF: you risk that you lose on the gains you could make if it doesn't get approved since you could buy for cheaper
It's a gamble.
Granted, the price has grown steadily in aggregate if you look at the last 5 years. This is good for bitcoin.
I'm worried about the developments in these past 3 months: Its more than just the ETF. Why go through a third party like the twins to get shares in btc when its so easy to get the real thing yourself.
Jan 2017-The 3 largest exchanges in china stop trading BTC/Yuan. Jan 15, China announces that their own crypto currency is in the works
https://www.cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/ The price jumps from 900-1250 in 3 months. China does the majority of the trade, ASIC are all made in china.
Sorry, I like conspiracies.
Winter is coming.
I guess the price will fall down below $1000 again, in case SEC decide to denied winklevoss ETF. But, for now people aim to buy instead of sell out as they expected it may be reach $1400-$1500 before ETF approval/denial.