Bitcoin might have entered bubble territory.The price of a unit of the popular cryptocurrency rose to $1,738.79 on May 15, 2017.That means Bitcoin is less than $262 from the $2,000 mark, which is a milestone.The growth in bitcoin values is extraordinary because it only reached the $1,000 mark around New Year’s Day.Bitcoin’s value has grown by nearly $800 in a little over five months.Over the past year bitcoin values have grown by $1,288.25, according to Coinbase data.A bitcoin was trading at $459.48 on May 15, 2016; and $1,738.79 just 12 months later.This sure looks like a classic asset bubble to me.Frenzied buying and hysteria about the value of assets such as gold is driving the relentless growth in Bitcoin.Naturally investors will wonder when the bitcoin bubble will burst.That’s impossible to say because cryptocurrencies are such a new asset class.The newness is driving the bubble, because the underlying cause of the bitcoin price explosion is the growing popular acceptance of the digital currency.

People are rushing to get in because they are afraid the bubble will burst and they will be left out.Others are probably scared that other investments such as the stock market or real estate might crash first.Something to remember is that a stock market or real estate crash will probably send bitcoin prices through the roof.The growing speculation about a stock or real estate crash in the United States and the epic fall of Chinese stocks over the past few years are driving this bitcoin bubble.Bitcoin is definitely in a bubble but how high can the bubble go before it bursts?The disturbing answer here is far higher than you might think.Contrary to popular belief, bubbles can go on for a long time.The Australian real estate bubble has been going on since 2001, and the US stock market bubble started in 2009.The Great Cotton Bubble in the Southern United States lasted for over 60 years from around 1800 to 1860.The only thing that ended it was the beginning of the Civil War in 1861.Therefore it is highly likely that the bitcoin bubble will last for several years and boost the price of other cryptocurrencies with it.

The other widely traded cryptocurrency; ethereum or ether, has seen even bigger growth than bitcoin.o'que é a moeda bitcoinEther’s price grew by $78.88 between May 14, 2016 and May 14, 2017.bitcoin aliens doubleEthereum was trading at $10.35 in May 2016 and $91.97 a year later.invertir bolsa bitcoinThat means $100 ether is likely sometime this month.bitcoin skateboardIt looks as if the predictions of $3,000 bitcoin by the end of 2017 and half million dollar bitcoin by 2030 might be realistic.tl dr bitcoinIf such forecasts are proven to be prophetic expect to see bitcoin become one of the world’s most popular investments because the bubble is just beginning.bitcoin mining tutorial ubuntu

Even though a lot of investors are looking at ways to move funds out of bitcoin and into altcoins right now, one cannot deny the success bitcoin has had over the past few weeks.ethereum rate euroAs we speak, the popular cryptocurrency is moving to set a new all-time high soon.bitcoin syndicateWhile that should be cause for celebration, investors are not necessarily sharing this confidence by any means.qiwi-perfect money-bitcoinThat is by far the most important thing on people’s minds right now.Bitcoin has been very bullish over the past few weeks, despite a lot of exchanges being hit with deposit and withdrawal options.Moreover, Chinese exchanges have – for the most part – still frozen BTC withdrawals as well.A few years ago, this would have sent the bitcoin price crashing, but things are very different right now.

At the time of writing, one bitcoin is worth US$1,306, which is quite a leap compared to a few weeks ago.Although this should be plenty of cause for celebration, the average investor will merely shrug off this joyous occasion.After all, a lot of people are buying bitcoin to invest in altcoins right now, since most of these currencies have no direct fiat-to-crypto option.Even if they had, they are mainly traded on exchanges suffering from fiat currency deposit issues, making them inaccessible anyway.There are still a lot of concerns regarding the exchange.Even though the company acknowledged the problem a while ago, many people in the bitcoin world still see the exchange as a liability.However, they are working on sorting the banking issues, which takes time.However, with other major exchanges suffering from similar issues, we are on the brink of creating a bitcoin bubble that can burst at any given moment.Right now, it is virtually impossible to get a clear overview of the bitcoin market.

All signs should point toward a price correction, yet the BTC value continues to climb without issues.This is quite similar to how Mt.Gox eventually collapsed a few years ago, although it is unfair to put Bitfinex at that level.The latter exchange is doing what they can to sort issues and there is no sign of malicious intent, unlike Mt.It is unclear how things will evolve where bitcoin is concerned, but there is plenty of reason for caution and concern right now.Analyzing Ether: A Bitcoin Investor’s Skeptical Take Advertise in this spot ‘P4man’ is an active bitcoin miner and investor with an academic background in economy and IT.He has been a member of the online discussion forum Bitcoin Talk since September, 2011.In this opinion piece, P4man looks at the cryptocurrency market to see if there is a credible alternative to bitcoin.Can ethereum cut the … Read More » Bitcoin speculators are the new day traders Advertise in this spot Younger, tech-savvy people are also more likely to play the digital currency markets and the high risk involved, Sunnarborg said.

He estimates that about two-thirds of investors in cryptocurrencies are under age 40.That same age category is less likely to invest in the stock market.Just one-third of millennials, … Read More » Top Secret?Bitcoin Scaling Plan Segwit2x Leaves More Questions Than Answers Advertise in this spot After years of debate, the Segwit2x scaling proposal looks like it could play a role in – finally – taking bitcoin a step forward.But the coders and companies involved have been doing at least some of the development behind closed doors, a way of working that some argue runs counter to bitcoin’s value proposition as … Read More » First Physical Bitcoin “Blocks” Minted And Depicted By LA Artist Advertise in this spot A Los Angeles-based artist has created a program generating physical representations of Bitcoin blocks as banknotes.In perhaps the most intriguing attempt to produce a “physical Bitcoin,” Matthias Dörfelt used hashes for 64 random blocks and turned them into physical representations of themselves.

“From a technology standpoint, the blockchain, which … Read More » Bitcoin-ethereum craze boosts Nvidia and AMD, but it shouldn’t Advertise in this spot There are many reasons for investors to buy chipmakers Nvidia and Advanced Micro Devices, but the recent rush for an indirect way to play skyrocketing cryptocurrencies bitcoin and ethereum should not be one of them, CNBC’s Jim Cramer said Friday.“One of the reasons why AMD and Nvidia have been … Read More » Meet Vitalik Buterin, the founder of bitcoin rival ethereum Advertise in this spot Here’s a little history on the founder: Buterin was born in Moscow, according to a feature by Wired’s Backchannel last year.At 6 years old, he moved with his family to Canada.He was considered a math genius from an early age and was placed in a gifted program in … Read More » Ethereum Set to Eclipse Bitcoin, Only Question is When Advertise in this spot To some people, Bitcoin is an experiment that can end in one of two ways: it will either fulfill its promise to become the “Internet of Money” or it will die a fiery death at the hands of regulators.

But what about a third option, in which a rival like … Read More » Embracing Bitcoin | Seeking Alpha Advertise in this spot I continually get news feeds streaming across my computer telling me how other countries are jumping on board with Bitcoin.But, I read in American financial sites that say to stay away from Bitcoin.The fact is, as a medium of exchange, Bitcoin has tremendous value and ability.As an … Read More » Alibaba Would Accept Bitcoin Before Amazon, Google: Silbert’s Survey Advertise in this spot Alibaba should be the next global giant to accept Bitcoin according to 4,500 participants in a survey this week.52 percent of respondents to the survey by Digital Currency Group creator Barry Silbert believe the Chinese marketplace is next in line to embrace the virtual currency.Other options included Amazon … Read More » When the Bitcoin Bubble Bursts Advertise in this spot Financial markets are frothier than a millennial’s 3-D latte.