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/biz/ - Business & Finance

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3456301 No.3456301 [Reply] [Original]

hypothetically, could a bitcoin bubble ever form? lets say bitcoin rises 10x a month like clockwork. people see this, and one month it gets overbought and rises 100x, and everyone who says "bubble" gets shot the fuck down by the rise forever deflation hype. then it goes (hypothetically again, im not questioning the hodl gospel or our prophet satoshi!!) into a year long correction.

i know we are clearly not in a bubble since bitcoin must rise forever regardless of transaction fees, competition, or network speed... but in theory could it happen?

>> No.3456367

lmao no way fag

0.00001 BTC = 1 lambo in 2018

>> No.3456387

Vitalik acknowledged this possiblity. He said ICOs are in a bubble and if it bursts it could hurt ETH. If it can happen to ETH it can happen to BTC as well. Mass loss of confidence is no joke.

>> No.3456496
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3456496

>>3456387
what could cause a loss of confidence? i mean, even now theres a head and shoulders formation after the biggest sudden rise in years, china banned btc, every investment firm ever is calling tops, the network stopped working like a year ago, and even with all that theres no loss of hype. minor correction, $5k end of year imo.

i doubt bitcoin could ever bubble desu. if it suddenly rose 100x in a day we would just go sideways for a bit and rise more

haha, all the fud saying its unsustainable since btc was $1. the network doesn't have to work, its deflationary after all!

>> No.3456613

Currently the market is in for a major correction ..... It is time to buy ...... This currency will not disappear ..... even if it crashes it will rise back just as the housing bubble and stock market recovered ..... an economic cycle....
I saw this in another post this morning

Read the 56 page research paper published by the Bank of Finland.

Last paragraph:

Bitcoin’s design as an economic system is revolutionary and therefore would merit
an economist’s attention and scrutiny even if it had not been functional. Its apparent
functionality and usefulness should further encourage economists to study this marvelous
structure.

>> No.3456623

>>3456301
for crypto only from a coordinated sell off

>> No.3456640
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3456640

>> No.3456679

>>3456006

It is a good time to buy as the market is dipping ....
panic sell of ensued by panic buy off eventually

>> No.3456697
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3456697

>>3456301
Crypto is almost entirely speculative bubble. There's a small number of people who use it to buy drugs online and nutty lolbatarians but almost everyone is in it for muh mooning muh lambos,

You're deluding yourself if you think otherwise. You can make money off greater fools if you wish but it will all come tumbling down one day.

There's business uses for blockchain but they have no need or desire to make some random internet ICO faggots rich, big businesses will simply roll their own private coins and networks as needed.

>> No.3456709
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3456709

>>3456613
>>3456640
i think people are confusing bitcoin and crypto. bitcoin has a very real chance of $100 fees within a few months. the money pumping btc could easily move into eth and btc could just stop rising.

the difference between the past and now is segwit. segwit could have actually been a fatal blow since now btc cant fork and must scale off chain. thats actually a big deal.

>> No.3456741

>>3456301
No of course not. Btc is unique. It can only go up. By 2020 one Bitcoin will be worth 100,000 - 1 000,000 because Max Keiser and Jimmie Cramer says so.