Post
Topic
Board Bitcoin Discussion
Re: Is this Bitcoin run sustainable?
by
Yakamoto
on 02/12/2017, 18:06:58 UTC
I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?

I will be really surprised if we close out the year above 10k....
I think we'll close above $10k at the end of the year, but it definitely does look like a bubble run for anyone on the outside and I personally think that it is a bubble and people are just waiting for any government regulation or general out-lash against Bitcoin by people in power for it to start turning down again.

I think this is some unintentional manipulation of the market, if you want me to be honest. Everyone with Bitcoin is holding because of the % rise this year so far, those wanting to get in on it are drying up the available supply, and that's what's driving the prices up. Stagnation of the market would probably be enough to pop the bubble, unless people constantly buy up anything that's being sold.