Quote from: magneto on January 23, 2018, 09:00:56 AM

Quote from: JoinCoins on January 08, 2018, 11:05:15 PM

https://www.ccn.com/the-very-essence-of-a-bubble-jeremy-grantham-lumps-bitcoin-into-larger-market-trends/
This article makes worry about future.
After a while if everything increasing exponentinally at some stage die people cash all out and the big crash is coming sooner or later.
Any thoughts on this when?

People have been saying that bitcoin is a bubble at $2000. But if we go back to $2000, will anyone say that bitcoin is a bubble any more? Probably not, because it's going to be a 90% loss for anyone who bought at the all time high.

Personally i think that bitcoin's rise has been very quick, and when bitcoin was close to the all time high it was a bubble. However, now that bitcoin is under $11k, it seems quite stable since the ultimate support is at $10k.

And who would argue that the advancements that bitcoin has made in terms of adoption wasn't worth the 1000% rise in the past year. If anything, the bubble has already popped. We're just going to be waiting for the next bitcoin season, that is all.

The rise in value was in my eyes too quickly, almost everyday a new ATH was reached. Now the price is stable around the $10k mark.
While the support seems to be quite strong at the $10k mark, if we go below it and it doesn't bounce back immediatly, than I thik we are in for a new big crash.