Quote from: hello_good_sir on August 27, 2017, 07:36:09 AM

Quote from: CoinClarity on August 12, 2017, 07:58:10 AM

I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?

Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?

Personally i have a feeling that we are in the bull trap area right now.

Either way, we are somewhere in the mania stages, or close to it. I don't think that there is any way that this isn't considered to be a mania when the price has risen by 1000%. There is simply no reason for the rise, or at least to fully justify such a big spike. WITH Bitcoin Cash going up, as well.

Wouldn't be surprised at all when at the end of the year people start panicking and overselling. This is when cheap coins is to be bought. Don't become too greedy and keep buying even though it is clear the bubble may collapse at any time.

There is not an explanation for the rise in price but I think the simplest explanation that we can speculate is that people have decided to put even more money on bitcoin, thinking that in the future this investment is going to become even more valuable than it is now.