It definitely looks so, 99% who're buying just want to speculate.
Bitcoin are we in the huge bubble?
- Thread starter Michael J. Fletcher
- Start date
I have been with Bitcoin since then the price was 20 cents, I have seen many "bubbles" come and go, only to see it set new all time highs. I still remember the first "bubble" where it did rally basically from zero to $32 only to crash down to 50 cents.
I believe it will go higher in the long term. How high is anyones guess. The supply is limited and there are 10 billion people on earth. Where will it be in 10 years?
I believe it will go higher in the long term. How high is anyones guess. The supply is limited and there are 10 billion people on earth. Where will it be in 10 years?
L
lovethetrade
It could be a bubble but we don't know because no one knows what it's intrinsic value should be to determine if it's overvalued so it could go to 50,000.
...and that's why I believe there's so much demand for it atm. Investors are just searching for confidence and the confidence is there. I'd underestimate it at your peril.
http://www.investopedia.com/articles/investing/091814/what-bitcoins-intrinsic-value.asp
...and that's why I believe there's so much demand for it atm. Investors are just searching for confidence and the confidence is there. I'd underestimate it at your peril.
http://www.investopedia.com/articles/investing/091814/what-bitcoins-intrinsic-value.asp
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Shows you the perils of being too clever.
I didn't like the first big run to 800, and it collapsed.
Still don't like the price even as we speak, but reading the market was pretty easy, it's actually a lot less sophisticated then stocks.
You could smell this ramp coming a mile away. But how could I now speculate in something I have such a low opinion of (pricewise).
So if I could buy a boat of meth , cheap, and resell at a huge gain would I do it? No, I'm not a drug dealer.
1000 for a bitcoin is nuts. Couldn't do it. You?
I didn't like the first big run to 800, and it collapsed.
Still don't like the price even as we speak, but reading the market was pretty easy, it's actually a lot less sophisticated then stocks.
You could smell this ramp coming a mile away. But how could I now speculate in something I have such a low opinion of (pricewise).
So if I could buy a boat of meth , cheap, and resell at a huge gain would I do it? No, I'm not a drug dealer.
1000 for a bitcoin is nuts. Couldn't do it. You?