Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Trading Discussion
Re: Bitcoin price bubbled?
by
Silberman
on 25/02/2018, 15:20:11 UTC
Quote from: peter0425 on February 23, 2018, 12:38:47 AM
Quote from: Silberman on February 22, 2018, 10:35:34 PM
Quote from: alisaadat60 on February 16, 2018, 08:56:37 AM
it was a bubble when it was 20 thousand $ ,but now it's increasing price is real and belief to btc is more than two months ago
It was a bubble when bitcoin reached that price but many make the mistake of thinking that all of the growth was a bubble and that is simply not true that is why bitcoin right now is still trading above 10k which means that while some of the growth was in fact caused by a bubble created by new users investing in bitcoin there was a also a lot of real growth in the previous year.

New users come and go. Specially those erratic buyers during the hype on December. Sadly they got burned in Ja-Feb crashed. But they will be replaced soon by new investors or they will returned with a new set of mindset.
I am not really sure we are going to get replacements that fast, after all if they are moderately smart they will see what happened to the newcomers in January and will probably be more cautions in their approach to bitcoin also those that got burned and lost a lot of money are probably not going to get back anytime soon, if you invested most of your money in bitcoin and then you lose it in a single month you will not be very eager to comeback.