Topic: 5 Reasons Bitcoin Is Not A Bubble (Read 1056 times)
This speculation plays an important role in the venture capital world and innovation in general because the greed it creates is what incentivizes entrepreneurs and investors to play a part (found a startup or invest in one), making at least part of these dreams – around 3% – a reality. The thriving global startup ecosystem, responsible for building the likes of Facebook, Uber, Snapshat and WeWork, that has billions of dollars of investment money invested into it each year, is built on this exact premise.
Since first bitcoin created, peoples always keep says bitcoin is a buble but the fact is bitcoin is good investment. If bitcoin is a buble, company like soros funds or JP Morgan or Goldman Sachs must be wont investing on cryptocurrency.
Big companies must be doing research first before investing their funds because its very high risk market but on other side cryptocurrency is profitable investment.
I agree with you, that bitcoin is not a bubble. I analyze that bitcoin will be hunted down by someone to be collected as an expensive investment, like an item produced with a certain amount when the amount is reached and no longer produced will be a rare item. Then the price is more expensive because it is not balanced between supply and demand. Big companies must be doing research first before investing their funds because its very high risk market but on other side cryptocurrency is profitable investment.
So the price becomes expensive because bitcoin has reached the peak, it can continue to be expensive or even become cheap.
Five reasons show that bitcoin is not a bubble:
1. Bitcoin is gradually being considered as a legal means of payment in many countries.
2. The increase in Bitcoin payments.
3. Bitcoin is seen as a means of storing assets in difficult economies.
4. Bitcoin is better known.
5. The amount of Bitcoin is limited.
1. Bitcoin is gradually being considered as a legal means of payment in many countries.
2. The increase in Bitcoin payments.
3. Bitcoin is seen as a means of storing assets in difficult economies.
4. Bitcoin is better known.
5. The amount of Bitcoin is limited.
5 lý do tại sao Bitcoin không phải là một bong bóng.
1. Bitcoin được chấp nhận như một đồng tiền pháp định.
2. Các thương nghiệp chấp nhận Bitcoin ngày càng gia tăng.
3. Bitcoin ngày càng trở thành tài sản đáng giá ở các nền kinh tế khó khăn.
4. Bitcoin has just become a trend.
5. Bitcoin supplies are limited.
1. Bitcoin được chấp nhận như một đồng tiền pháp định.
2. Các thương nghiệp chấp nhận Bitcoin ngày càng gia tăng.
3. Bitcoin ngày càng trở thành tài sản đáng giá ở các nền kinh tế khó khăn.
4. Bitcoin has just become a trend.
5. Bitcoin supplies are limited.
Good facts well stated by the author. If Bitcoin was actually a bubble as claimed by certain people, the adoption of it as a means of exchange in open businesses wouldn't have continued growing as we continued to observe. Thanks for this post.
I do not think Bitcoin is a bubble because it has real value. It's not really stable and volatile but it's a chance to find a profit for investors. Besides, it has been around for quite some time and has a very strong foundation as well as a support team. So, I think Bitcoin is not a bubble
There are no claims saying bitcoin bubbles and that's just bad rumors about bitcoin. Its stability has been demonstrated through the years. The campaign is clearly valuable to the user community as well as to investors around the globe. Quote
The digital currency bitcoin rallied by over 300 percent since the start of the year and has recently surpassed the $4,000 mark. Unsurprisingly, many financial markets pundits consider such a sharp rally the creation of an asset bubble.
In all fairness, the returns that bitcoin and its digital peers in the crypto assets space are experiencing have not been seen since the day and age of the internet bubble in the late 1990s. However, Bitcoin has very different fundamentals than early internet stocks and a much more promising growth trajectory.
This is a good flipside to the "bitcoin is a bubble" stories the media has spammed us with since forever.
Another good case for bitcoin not being a bubble due to its high projected future growth can be found in this thread here:
I think the article above addresses some of the points economists and finance analysts have glossed over. Bitcoin's growth in relation to its fundamental metrics are what will likely determine whether bitcoin is a bubble. Thus far none of the experts have addressed that topic. There's zero acknowledgement made of bitcoin's adoption in countries like japan, the philippines, russia or australia and crypto's transition towards becoming more mainstream. No commentary on whether those effects on bitcoin's elevated price could be sustainable.
It is possible that we will never see anything resembling legitimate analysis of bitcoin from the media. They have a long history of sweeping relevent and key points under the nearest rug. Out of sight, out of mind. Over the long term this could create opportunities for independent media to rise if indeed nature abhors a vacuum.
Is bitcoin a bubble? What are everyones thoughts on this?
In all fairness, the returns that bitcoin and its digital peers in the crypto assets space are experiencing have not been seen since the day and age of the internet bubble in the late 1990s. However, Bitcoin has very different fundamentals than early internet stocks and a much more promising growth trajectory.
This is a good flipside to the "bitcoin is a bubble" stories the media has spammed us with since forever.
Another good case for bitcoin not being a bubble due to its high projected future growth can be found in this thread here:
I think the article above addresses some of the points economists and finance analysts have glossed over. Bitcoin's growth in relation to its fundamental metrics are what will likely determine whether bitcoin is a bubble. Thus far none of the experts have addressed that topic. There's zero acknowledgement made of bitcoin's adoption in countries like japan, the philippines, russia or australia and crypto's transition towards becoming more mainstream. No commentary on whether those effects on bitcoin's elevated price could be sustainable.
It is possible that we will never see anything resembling legitimate analysis of bitcoin from the media. They have a long history of sweeping relevent and key points under the nearest rug. Out of sight, out of mind. Over the long term this could create opportunities for independent media to rise if indeed nature abhors a vacuum.
Is bitcoin a bubble? What are everyones thoughts on this?
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I managed to participate in several ICO, some I earned quite well, I can say with certainty, for a good project, it must have potential for the future, that it will be needed in five years. Unfortunately most projects do not have this potential. I was lucky and I came across a project focused on protecting against hacking quantum processors, and to maximize the use of all the advantages of new technologies, project Kelvin Blockchain, you need at least to consider, because not every day there is such a good option for investing money.
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Bitcoin is a bubble, it doesnt matter if you or all those websites says that it is not, because in fact, it is, because a lot of people are only hyping it to get profit, and we all are doing the same.
It has been increasing a lot in the last months, from $700 to $6200 ATH in just 10 months, isn't it a signal of a true bubble? It can be compared with the economic chaos of the US on 2008, only that this is digital.
In the moment that everybody decides to sell bitcoin, then the price will collapse, of course.
I can say that the meaning of the word Bubble is saying us that this bubble would be destroyed sooner or later but we are already 10 years here. And nothing like that are not happening. It has been increasing a lot in the last months, from $700 to $6200 ATH in just 10 months, isn't it a signal of a true bubble? It can be compared with the economic chaos of the US on 2008, only that this is digital.
In the moment that everybody decides to sell bitcoin, then the price will collapse, of course.
It seems to me that the story of "bitcoin is a bubble" let into the masses by Buffett. He is a big opponent of crypto because he can not understand his essence. It is already clear to everyone that if such production capacities are involved, then no bubble can be mentioned.
I can point to one reason, only by which bitcoin is the subject I manipulate. This is the trade in bitcoin futures. The bubble is unambiguous, and controlled. And the price of bitcoin is no longer determined by the market, but determined by a group of bankers.
Yup! I strongly believe that bitcoin and other virtual currencies are not bubbles but an opportunity for us who didn't graduate with a business degree to trade and actually profit from it without having to pass to a middle man. We have full control with our portfolio and honestly bubble or not the fact that it is another viable currency is kinda cool.
Since first bitcoin created, peoples always keep says bitcoin is a buble but the fact is bitcoin is good investment. If bitcoin is a buble, company like soros funds or JP Morgan or Goldman Sachs must be wont investing on cryptocurrency.
Big companies must be doing research first before investing their funds because its very high risk market but on other side cryptocurrency is profitable investment.
Big companies must be doing research first before investing their funds because its very high risk market but on other side cryptocurrency is profitable investment.
I do not think Bitcoin is a bubble because it has real value. It's not really stable and volatile but it's a chance to find a profit for investors. Besides, it has been around for quite some time and has a very strong foundation as well as a support team. So, I think Bitcoin is not a bubble
BTC and cryptocurrencies, which are more like gold, understand the position of bitcoin by understanding the economic status of gold in real life.
Network gold, the total amount is unchanged, every year new BTC is excavated, trading properties are better than gold!
Network gold, the total amount is unchanged, every year new BTC is excavated, trading properties are better than gold!
I'm still on the fence whether bitcoin or any other crypto currencies are a bubble or not. I mean there evidences that suggest thst both are true. But then again, whether bubble or not, i still eatch out for the trends and actually really study the market so if ever i get a whif of a crash I could pull out immedietly.
I immediately understood when I learned about Bitcoin that this is an ordinary financial instrument, not exactly a bubble.
I also think that Bitcoin should not be considered as a bubble because It's getting accepted around the world so that people are getting involved in this platform for making the profit day by day. when it's been accepted whole around the world then you also consider it a precious platform for trading and investment.
it will be even more convincing if more and more governments accept bitcoin. thus there is a guarantee of legal protection from the government. but if there are still few countries that accept it, reduce the confidence of it
I also think that Bitcoin should not be considered as a bubble because It's getting accepted around the world so that people are getting involved in this platform for making the profit day by day. when it's been accepted whole around the world then you also consider it a precious platform for trading and investment.
For me bitcoin is buble currency. Even in expert in crypto knows that. Especially now bitcoin is use to some of illegal transaction because bitcoin is really hard to trace.
So do you think bubble can sustain 10 years of time and still growing strong. If it was bubble it should have being exposed and would have become zero or may be people should not be even looking at it. But this is not the case of it.
Everybody can suspect bitcoin. no problem about that. it is their right to have independent opinions. To me, bitcoin is not a bubble because the drop in the current bitcoin prices has still not exceeded the lowest previous period's prices. Bubbles burst at once. It has not happened to BTC so far. If it is a bubble There were enough time to happen so. Last time lot of people came to cryptomarket without knowing anything about this new technology and trend they invested in BTC and when the price goes down they sold Bitcoin without thinking twice with the fear and it caused the major collapse of the whole crypto market. that's why people came with different views towards Bitcoin this time. I wish if the bitcoin price didn't rise up to 20K last time.
in my opinion, bitcoin is not a bubble because the drop in the current bitcoin prices has still not exceeded the lowest previous period's prices, and there are still many people who believe and optimistic that bitcoin will be more valuable in the future
Bitcoin is not a bubble, contrary to the widespread and dishonest statements of bank representatives. Bitcoin was a sort of a bubble in 2013, when demand for bitcoin raised to such an extent that the market could not support it anymore, and the bitcoin price dropped.
However, because of the decentralized, mathematical and transparent nature, calling bitcoin a bubble of any kind will be extremely wrong.
However, because of the decentralized, mathematical and transparent nature, calling bitcoin a bubble of any kind will be extremely wrong.
For me bitcoin is buble currency. Even in expert in crypto knows that. Especially now bitcoin is use to some of illegal transaction because bitcoin is really hard to trace.
Bitcoin is not a bubble. This is evolution and not so much money as production relations. Because it can not be that the world has become global, and money has remained archaically local - in terms of transparency, misalignment, difficult transaction control and too slow rates of their movement. Crypto currency has appeared just in time - as an adequate response to the challenge of civilization.
It is still in the process of using the experience. Improvements that we may not see in the future.Those who have the habit of popularizing the conclusion with something just because it's down or have a negative news about electronic money does not mean it defines the whole of the coin's essence.
Is absolutely possible.
It depends on your definition of bubble.
If you think about it in a simplistic way that anything with a rapidly appreciating price and lots of volatility is a bubble - then yes - it is a bubble.
But once money was invented lots of things have gone through bubble phases. Gold, houses, stocks. In fact - there isn't really any asset class that isn't in a bubble - and its due to scarcity. Everyone wishes to buy the asset that gives them unlimited return - so any asset that does quickly gets bought up until people are paying more than the return they can ever realistically get back from it.. I think that's where a bubble starts - and by that definition most property in cities is a bubble.
Bitcoin may be a bubble - so what?
Rapid price increases are not always a bubble phenomenon. An artificial overdelivery that will lead to a drastic reduction in correction is a bubble phenomenon. The choice based on the behavior of the market is the cause of bitcoin price changes so the market is trying to find the price. The reasons for behavior change may include loss of trust in Bitcoin. If you think about it in a simplistic way that anything with a rapidly appreciating price and lots of volatility is a bubble - then yes - it is a bubble.
But once money was invented lots of things have gone through bubble phases. Gold, houses, stocks. In fact - there isn't really any asset class that isn't in a bubble - and its due to scarcity. Everyone wishes to buy the asset that gives them unlimited return - so any asset that does quickly gets bought up until people are paying more than the return they can ever realistically get back from it.. I think that's where a bubble starts - and by that definition most property in cities is a bubble.
Bitcoin may be a bubble - so what?
Good thing a thread about bitcoin is not a bubble my eyes got hurt from seeing tons of threads about the Bitcoin bubble Fud's repeated over and over again, It is still in a beta phase adoption in my opinion there's a lot of room for the potentials and improvement that we may yet to see in the future, those people have the universal habits of concluding to something just because it drops or there is a negative news about cryptocurrency it doesn't mean it defines the whole being of the coin.
Only those who do not understand BTC say BTC is a bubble!
BTC is the most successful application of block chain technology!
In the future, digital cryptographic currencies are likely to change the structure of global financial assets.
BTC is the most successful application of block chain technology!
In the future, digital cryptographic currencies are likely to change the structure of global financial assets.
I beg to differ. Bitcoin price is highly volatile and that alone makes it a bubble.
I think it's not just a bubble. The number of people earns a lot in this trend and I'm one of the ones who prove that it's not just a bubble. The bitcoin hexadecimal makes money for money that wants to use scam using hype sites you can earn at first The current price of 1 bitcoin is at 10,000 USD. So many people will get rid of this high bit of 1 bitcoin today.
I don't understand your reason for saying bitcoin is not a bubble.But I am also saying that it is not a bubble because the price is not controllimg by anyone so it all depends on the market situation if it has demand the price will be higher or it will be lower very simple concept.
Bitcoin is not a bubble. This is evolution and not so much money as production relations. Because it can not be that the world has become global, and money has remained archaically local - in terms of transparency, misalignment, difficult transaction control and too slow rates of their movement. Crypto currency has appeared just in time - as an adequate response to the challenge of civilization.
I agree with you, bro. I don't think bitcoin is a bubble. It's kind of like gold in physic world to me. If everyone view gold as a format of property, then it's a property. So as bitcoin.
I do not think also that bitcoin is a bubble, instead we can compare it to a gold. As valuabe as a gold but unlike the gold it does not have a fixed value. There are lots of investors now and users of bitcoin that make it more in demand. So how can this type of coin disappear?
Many people and media keep saying bitcoin is a bubble and it is going to burst but I never see the burst yet and the price crash occurs for many reasons mainly it is manipulated by the whales so they are the one who will say it is a bubble when the price going up and they will act accordingly to decrease the price so all people will lose their profit and whales wins so we need to hold our coins when the price falling.
Bubble or not, it really depends on how you define the bubble. Some people think that BTC will hit $0 and only that can be considered a bubble burst for them. While for me personally I think the price will continue be volatile for a while, eventually stabilized. I dont think it will be a bubble.
In my opinion, bitcoin is not a bubble because of the decentralized bitcoin that does not make the centralized banking system so its value can not be manipulated. Additionally, bitcoin supply is very limited and Bitcoin Market worldwide already has at least 80 percent of the amount of bitcoin supply. Also Bitcoin transactions are recorded in Blockchain so bitcoin is safe enough that it can not be manipulated. it's just some of the factors that cause that bitcoin is not a bubble.
bubble is a very far idea about bitcoin and I never experienced this bitcoin as a bubble in my life...because even in my first time here in bitcoin...I received right away a coin even in a small amount but at least I received even a small coin...and that is not a bubble because until now I am still earning.
I think it's not just a bubble. The number of people earns a lot in this trend and I'm one of the ones who prove that it's not just a bubble. The bitcoin hexadecimal makes money for money that wants to use scam using hype sites you can earn at first The current price of 1 bitcoin is at 10,000 USD. So many people will get rid of this high bit of 1 bitcoin today.
given projections in other markets and fiat currencies, i don't think we're in a bubble.
bitcoin will be a haven for people to store wealth and it'll continue.
stock market predictions are bad, and the major fiat currencies are in trouble with out-of-control spending.
precious metals will appreciate once the manipulation can't keep pace with other problems in the market. however, pms won't be rising massively like btc.
bitcoin will be a haven for people to store wealth and it'll continue.
stock market predictions are bad, and the major fiat currencies are in trouble with out-of-control spending.
precious metals will appreciate once the manipulation can't keep pace with other problems in the market. however, pms won't be rising massively like btc.
Do we say bitcoin is a bubble given its time it has lasted on earth? 9 years ago, bitcoin emerged and since then it is still on and even greater performance. Is it a bubble when people's lives are being turned around financially from the benefits of bitcoin... ? Is it bubble when it has been forked and another fork around the corner.
Bitcoin is not a bubble. Because the bubble can explode and fly in a short time.
1. Bitcoin is a valuable currency.
2. Anyone who wants to own a bitcoin.
3. The profit of bitcoin is very high.
4. Bitcoin does not explode fast and does not go away.
5. All countries use and invest bitcoin.
1. Bitcoin is a valuable currency.
2. Anyone who wants to own a bitcoin.
3. The profit of bitcoin is very high.
4. Bitcoin does not explode fast and does not go away.
5. All countries use and invest bitcoin.
I agree, bitcoin will not explode like money. because, bitcoin is not a bubble(likens creation continuous bitcoins, and effects from quantities, bitcoins have a fixed value , and not with circulation.(p) subtance), the creation bitcoin is fix, so bitcoin will not explode. but bitcoins have high fluctuating values, and large damaged values, because the nature of trading, monopoly with some one can happen, bitcoin is a subcurency created by minus from real money.
If a good number of people adopt Bitcoin and agree that it's money then it can be self-fulfilling prophecy, but this should be based on real rational expectations, Bitcoin as a store of value, unit of account, and medium of exchange, not merely a speculative vehicle which would end up in a self-fulfilling irrational speculative equilibrium which isn't good.
Bitcoin is dualistic in nature, as a currency and a commodity, it is good and bad, speculators make it a too volatile medium of exchange, but for widespread adoption and putting an end to bubble theory, Bitcoin needs to get adopted as a currency. Merchant adoption is the key.
Bitcoin is dualistic in nature, as a currency and a commodity, it is good and bad, speculators make it a too volatile medium of exchange, but for widespread adoption and putting an end to bubble theory, Bitcoin needs to get adopted as a currency. Merchant adoption is the key.
Brilliant comment! Thanks for that!
Question. Might it be accurate to say everything said in your quote above applied to gold and precious metals in previous eras when gold and silver were commonly utilized as both speculative vehicles and currencies? I'm far from being an expert on volatility and trading history of precious metals. Would not be surprised to learn there are interesting analogies which might be drawn between the crypto of today and the gold/silver of past ages.
Also in regard to crypto volatility, it is possible we might eventually reach a saturation point where enough relative unknowns in crypto are quantified or eliminated for volatility to decrease by a significant proportion. Being near to the early adoption phase leaves room for growing pains but there could be a future era where the technology matures enough for the wild price fluctuations to become minimalized.
The main reason bitcoin is not mainstream yet is because his circulating supply doesn't show the real amount of bitcoins that are in circulation. there are about 4 Milliion lost bitcoins(Estimated), which means that the market cap is not 100M$ as it claims to be, it is much less then that.
Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.
Bitcoin future is very bright in my opinion.
Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.
Bitcoin future is very bright in my opinion.
beside that, only people which knew bitcoin will using bitcoin and if bitcoin is a bubble then only bitcoin user will know. people in out there don't know bitcoin as bubble but they only know that bitcoin is a scam things that they should avoid. but once many people is adopting bitcoin and bitcoin become to be mainstream then we can see bitcoin maybe become a bubble. i think in next year, we can see the price is increase higher and in that time, bitcoin will be one thing that people search to make money and we can see how much the aount of bitcoin that are in circulation.
The main reason bitcoin is not mainstream yet is because his circulating supply doesn't show the real amount of bitcoins that are in circulation. there are about 4 Milliion lost bitcoins(Estimated), which means that the market cap is not 100M$ as it claims to be, it is much less then that.
Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.
Bitcoin future is very bright in my opinion.
Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.
Bitcoin future is very bright in my opinion.
Lost Bitcoins will not add value to Bitcoin because the missing Bitcoins are not on the market, so they do not create any transaction traffic.
No matter how those economist do tell about bitcoin that its a fraud or bubble but yet those words wont really affect us.
I've stated this multiple times before and I still stand by my point of view. Bitcoin is not in a bubble (yet). I strongly agree with those three points you quoted. People who claim that bitcoin is too hype and speculation relient are wrong. Speculation is only a small portion of the reason why bitcoin is growing at this rate. The main reasons, in my opinion, are: scarcity (which results in no inflation) and a growing demand. That's why people often compare bitcoin to gold (I think the two shouldn't be compared in any way but the way how they create value has similarities).
Lost Bitcoins will not add value to Bitcoin because the missing Bitcoins are not on the market, so they do not create any transaction traffic.
They will add value to bitcoin in terms of limiting the supply in the circulation of it's market. And this is why law of supply and demand is what bitcoin depending in.
The lesser supply of bitcoin in the circulation it means that there will be bigger demand and that results to the price to increase.
And those lost bitcoins will be lost forever, that's why though they are lost forever they still add value to bitcoin.
Its not a bubble in the sense that it was called a bubble in 2013-14 because of wider adoption of btc. The market rates, while high, do not indicate any attempt by any party/ies to pump and dump. In so far as that argument is concerned, btc isn't a bubble.
The main reason bitcoin is not mainstream yet is because his circulating supply doesn't show the real amount of bitcoins that are in circulation. there are about 4 Milliion lost bitcoins(Estimated), which means that the market cap is not 100M$ as it claims to be, it is much less then that.
Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.
Bitcoin future is very bright in my opinion.
Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.
Bitcoin future is very bright in my opinion.
Lost Bitcoins will not add value to Bitcoin because the missing Bitcoins are not on the market, so they do not create any transaction traffic.
The main reason bitcoin is not mainstream yet is because his circulating supply doesn't show the real amount of bitcoins that are in circulation. there are about 4 Milliion lost bitcoins(Estimated), which means that the market cap is not 100M$ as it claims to be, it is much less then that.
Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.
Bitcoin future is very bright in my opinion.
Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.
Bitcoin future is very bright in my opinion.
That’s interesting to read and obviously worth reading than those members replies claiming it was a bubble without giving much information other than it goes from this price to that. This is just my two satoshi about this narrative. I think those are the ones who badly need to buy bitcoin but hesitant at this price and the only solution is giving panic atmosphere to drop the price and that’s it.
. A bubble? Everyone seem to be talking this way. I think it is the economists that classified it so going by the way bitcoin is - what can't be felt, not tangible etc is seen as such in economics. Meanwhile, I also see it as a bubble. Is it like we are expecting it burst very soon.
. If the burst comes, is either going to see the price up high or down below. I'm still holding though. 
Bitcoin isn't a bubble, but currently it is used more as a speculative asset. No denying the fact that scarcity, technology, utility, adoption, recognition are the fundamentals, but the market right now is driven more by speculation and that might be good, might not be. There has to be an equilibrium where transactional, reservation, and speculative demand are somewhat same.
If a good number of people adopt Bitcoin and agree that it's money then it can be self-fulfilling prophecy, but this should be based on real rational expectations, Bitcoin as a store of value, unit of account, and medium of exchange, not merely a speculative vehicle which would end up in a self-fulfilling irrational speculative equilibrium which isn't good.
Bitcoin is dualistic in nature, as a currency and a commodity, it is good and bad, speculators make it a too volatile medium of exchange, but for widespread adoption and putting an end to bubble theory, Bitcoin needs to get adopted as a currency. Merchant adoption is the key.
If a good number of people adopt Bitcoin and agree that it's money then it can be self-fulfilling prophecy, but this should be based on real rational expectations, Bitcoin as a store of value, unit of account, and medium of exchange, not merely a speculative vehicle which would end up in a self-fulfilling irrational speculative equilibrium which isn't good.
Bitcoin is dualistic in nature, as a currency and a commodity, it is good and bad, speculators make it a too volatile medium of exchange, but for widespread adoption and putting an end to bubble theory, Bitcoin needs to get adopted as a currency. Merchant adoption is the key.
When some media and economist comment about bitcoin they always say that it is bubble. well they don't understand how and what bitcoins is and the blockchain technology. They can't accept the fact that it will be a new innovation for the new monetary system. they just want to stick in the old banking system because that's their business actually. Bitcoin is not perfect yet but the blockchain is the new system of managing currency through digital network. It's just like fiat just over the internet. bitcoin is not a bubble not for now.
Yep, yep, yep, yep, and yep.
I love reading articles, particularly with comments from high finance leaders, that claim Bitcoin is a bubble or bullshit or not worthy of investment while completely ignoring all of the characteristics listed above.
You can't compare Bitcoin to a stock and you can't ignore the characteristics of Bitcoin that make it valuable to the world. Period.
I love reading articles, particularly with comments from high finance leaders, that claim Bitcoin is a bubble or bullshit or not worthy of investment while completely ignoring all of the characteristics listed above.
You can't compare Bitcoin to a stock and you can't ignore the characteristics of Bitcoin that make it valuable to the world. Period.
Some people may call it a bubble because of it's nature. Unlike other currency with gold backing it up. But wait why do people always says that bitcoin is just like the "dot com bubble"? Wherein it is way too different from that, from the start bitcoin never promise anything what it did was it just gave an option for people to use as an alternative currency.
More and more people are supporting bitcoin so if it is a bubble those people are avoiding the bubble to burst and I don't think that those people will let it burst.
More and more people are supporting bitcoin so if it is a bubble those people are avoiding the bubble to burst and I don't think that those people will let it burst.
I agree with you, bro. I don't think bitcoin is a bubble. It's kind of like gold in physic world to me. If everyone view gold as a format of property, then it's a property. So as bitcoin.
Bitcoin may be a bubble - so what?
If bitcoin is a bubble, the price of btc should fall significantly after the bubble pops. There would be a massive bust cycle to compliment the large boom cycle we've witnessed recently. That could be why its a relevent and sometimes hotly debated point.
There are a lot of people were convinced bitcoin was a bubble after it hit $2,500. There's a chance the media is fooling people into believing btc is a bubble when its not, which could cause the price to decrease. Those are some of the main implications and circumstances surrounding it.
To help put things into perspective, the 2008 economic crisis was caused by a housing/derivatives bubble bursting. A btc bubble wouldn't be nearly as damaging. But there could be some damage done. Sometimes it might be worth discussing bubbles, if it means those types of crisis can be averted.
Bitcoin may be a bubble - so what?
It's only a 'so what' if you think you can sell fast enough when the bubble bursts.
. A bubble? Everyone seem to be talking this way. I think it is the economists that classified it so going by the way bitcoin is - what can't be felt, not tangible etc is seen as such in economics. Meanwhile, I also see it as a bubble. Is it like we are expecting it burst very soon.
. If the burst comes, is either going to see the price up high or down below. I'm still holding though. Bitcoin may be a bubble - so what?
It's only a 'so what' if you think you can sell fast enough when the bubble bursts.
It depends on your definition of bubble.
If you think about it in a simplistic way that anything with a rapidly appreciating price and lots of volatility is a bubble - then yes - it is a bubble.
But once money was invented lots of things have gone through bubble phases. Gold, houses, stocks. In fact - there isn't really any asset class that isn't in a bubble - and its due to scarcity. Everyone wishes to buy the asset that gives them unlimited return - so any asset that does quickly gets bought up until people are paying more than the return they can ever realistically get back from it.. I think that's where a bubble starts - and by that definition most property in cities is a bubble.
Bitcoin may be a bubble - so what?
If you think about it in a simplistic way that anything with a rapidly appreciating price and lots of volatility is a bubble - then yes - it is a bubble.
But once money was invented lots of things have gone through bubble phases. Gold, houses, stocks. In fact - there isn't really any asset class that isn't in a bubble - and its due to scarcity. Everyone wishes to buy the asset that gives them unlimited return - so any asset that does quickly gets bought up until people are paying more than the return they can ever realistically get back from it.. I think that's where a bubble starts - and by that definition most property in cities is a bubble.
Bitcoin may be a bubble - so what?
Bitcoin is a bubble, it doesnt matter if you or all those websites says that it is not, because in fact, it is, because a lot of people are only hyping it to get profit, and we all are doing the same.
It has been increasing a lot in the last months, from $700 to $6200 ATH in just 10 months, isn't it a signal of a true bubble? It can be compared with the economic chaos of the US on 2008, only that this is digital.
In the moment that everybody decides to sell bitcoin, then the price will collapse, of course.
It has been increasing a lot in the last months, from $700 to $6200 ATH in just 10 months, isn't it a signal of a true bubble? It can be compared with the economic chaos of the US on 2008, only that this is digital.
In the moment that everybody decides to sell bitcoin, then the price will collapse, of course.
in general it's more like bubble and i admit it because the price is very high while not 'really' much people using it,
what i mean is,when we're looking at Gold(for example,i do not compare it one another.it's just an example),
it's a well known item and used in every country and every place,
no matter where you go you can find it and buy it unlike Bitcoin,
it's look like that because people hyping it too much and talking about replacing fiat and other stuff,
in other people,it's like a bubble because it can burst any time soon.
only a few people understand how it works and the majority will not understand it because they do not like a complicated thing.
so it's bubble or not it's all depend on the viewer themself.
what i mean is,when we're looking at Gold(for example,i do not compare it one another.it's just an example),
it's a well known item and used in every country and every place,
no matter where you go you can find it and buy it unlike Bitcoin,
it's look like that because people hyping it too much and talking about replacing fiat and other stuff,
in other people,it's like a bubble because it can burst any time soon.
only a few people understand how it works and the majority will not understand it because they do not like a complicated thing.
so it's bubble or not it's all depend on the viewer themself.
Quote
The digital currency bitcoin rallied by over 300 percent since the start of the year and has recently surpassed the $4,000 mark. Unsurprisingly, many financial markets pundits consider such a sharp rally the creation of an asset bubble.
In all fairness, the returns that bitcoin and its digital peers in the crypto assets space are experiencing have not been seen since the day and age of the internet bubble in the late 1990s. However, Bitcoin has very different fundamentals than early internet stocks and a much more promising growth trajectory.
* * *
As CoinTelegraph notes, countering no shortage of criticism from traditional financial circles that Bitcoin’s price had grown too quickly and would inevitably crash, the new-found faith in Bitcoin and its maturing as a medium of exchange has become apparent in its increasing resilience to ‘FUD’ or other bad news.
Mainstream forecasters now predict further upward momentum for prices, with TradingView eyeing a new all-time high of $6,800 for November despite the uncertainty surrounding the SegWit2x hard fork.
In all fairness, the returns that bitcoin and its digital peers in the crypto assets space are experiencing have not been seen since the day and age of the internet bubble in the late 1990s. However, Bitcoin has very different fundamentals than early internet stocks and a much more promising growth trajectory.
Quote
1. The Growing Acceptance of Bitcoin as Legal Tender
One of Bitcoin’s biggest challenges so far has been acceptance by lawmakers and financial regulators due to its decentralized nature and its unfortunate association with criminal activities carried out on the dark web. However, Bitcoin’s “official” acceptance is on the rise.
In April 2017, Japan announced that it would officially begin accepting Bitcoin as a legal payment method, which immediately boosted the price of bitcoin and has led to a substantial increase in merchant adoption across Japan.
In the Philippines, citizens have been increasingly using Bitcoin to send and receive low-cost remittances. This has not gone unnoticed by the country’s central bank, which announced in February 2017 that it will regulate Bitcoin so that the digital currency can be used as an officially accepted remittance system and, thereby, granting it full legal status.
Countries such as Australia and Russia have recently made similar statements that could lead to Bitcoin becoming a fully accepted medium of exchange in their respective countries. This is a trend that is likely to continue, given the growing demand for Bitcoin as an investment as well as an online payment system.
2. Increasing Merchant Adoption
In the early years of Bitcoin, merchant adoption was limited to a few brave ecommerce stores, usually run by early-stage Bitcoin enthusiasts. This, however, has changed substantially as leading tech companies and ecommerce platforms have chosen to accept Bitcoin as a payment method. Microsoft, Rakuten and Overstock are three of the largest companies to accept Bitcoin payments.
With bitcoin’s sharp price rally, increased media coverage and newfound acceptance in places such as Japan, Bitcoin merchant adoption is on the rise and this trend will likely continue.
The arguments for online merchants to accept Bitcoin are actually very strong; fees are lower than for credit card payments, chargeback fraud is entirely eliminated, new customers can be reached in underbanked regions and a new, tech-savvy consumer base can be attracted.
The more that merchant adoption increases globally, the more there will be regular and stable demand for the digital currency. And given the current low rate of merchant adoption, there is a substantial room for upside.
3. Bitcoin Is Increasingly Acting as a Store of Wealth in Distressed Economies
Another reason why Bitcoin is most likely not a bubble is that is has a much-need real world application in economically distressed countries. In places such as Venezuela, Bolivia and Zimbabwe, for example, bitcoin has been acting as a store of wealth and as an alternative spending currency as local currencies are weakening into worthlessness. This can be witnessed by increasing bitcoin trading volumes that are negatively correlated with the performance of local currencies and economic growth in distressed regions.
Bitcoin also allows individuals and businesses in countries with strict capital controls, such as Venezuela, to receive much-needed remittances to stay financially afloat. In other words, wherever there is economic distress, Bitcoin demand will likely rise and Bitcoin adoption will grow.
4. Bitcoin Has Only Just Gone Mainstream
You could say that 2017 has been the year in which Bitcoin has finally gone mainstream. Five years ago, if you would have asked the average person on the street what Bitcoin is, they would have most likely given you a bewildered look. Today, most people have at least heard of Bitcoin and many even know that one bitcoin is worth more than an ounce of gold.
Now that Bitcoin has become mainstream, the buying potential from new investors is immense, especially as institutional investors have started to open up to the idea of investing in bitcoin and other digital currencies.
5. Bitcoin’s Supply Is Limited
Finally, one of the key reason why Bitcoin has become so valuable is that its increasing demand is met with a fixed limited supply.
Because of the way Bitcoin was created, only 21 million coins can ever be mined. Furthermore, the rate at which new coins are created slows down over time, which means the increasing demand for the digital currency is not only met with a limited total supply but also with a continuously slowing supply.
The discussion of whether Bitcoin is a bubble or not will likely continue indefinitely, but the comparison between Bitcoin and early internet stocks does not hold true due to the fundamental differences between the two asset classes.
One of Bitcoin’s biggest challenges so far has been acceptance by lawmakers and financial regulators due to its decentralized nature and its unfortunate association with criminal activities carried out on the dark web. However, Bitcoin’s “official” acceptance is on the rise.
In April 2017, Japan announced that it would officially begin accepting Bitcoin as a legal payment method, which immediately boosted the price of bitcoin and has led to a substantial increase in merchant adoption across Japan.
In the Philippines, citizens have been increasingly using Bitcoin to send and receive low-cost remittances. This has not gone unnoticed by the country’s central bank, which announced in February 2017 that it will regulate Bitcoin so that the digital currency can be used as an officially accepted remittance system and, thereby, granting it full legal status.
Countries such as Australia and Russia have recently made similar statements that could lead to Bitcoin becoming a fully accepted medium of exchange in their respective countries. This is a trend that is likely to continue, given the growing demand for Bitcoin as an investment as well as an online payment system.
2. Increasing Merchant Adoption
In the early years of Bitcoin, merchant adoption was limited to a few brave ecommerce stores, usually run by early-stage Bitcoin enthusiasts. This, however, has changed substantially as leading tech companies and ecommerce platforms have chosen to accept Bitcoin as a payment method. Microsoft, Rakuten and Overstock are three of the largest companies to accept Bitcoin payments.
With bitcoin’s sharp price rally, increased media coverage and newfound acceptance in places such as Japan, Bitcoin merchant adoption is on the rise and this trend will likely continue.
The arguments for online merchants to accept Bitcoin are actually very strong; fees are lower than for credit card payments, chargeback fraud is entirely eliminated, new customers can be reached in underbanked regions and a new, tech-savvy consumer base can be attracted.
The more that merchant adoption increases globally, the more there will be regular and stable demand for the digital currency. And given the current low rate of merchant adoption, there is a substantial room for upside.
3. Bitcoin Is Increasingly Acting as a Store of Wealth in Distressed Economies
Another reason why Bitcoin is most likely not a bubble is that is has a much-need real world application in economically distressed countries. In places such as Venezuela, Bolivia and Zimbabwe, for example, bitcoin has been acting as a store of wealth and as an alternative spending currency as local currencies are weakening into worthlessness. This can be witnessed by increasing bitcoin trading volumes that are negatively correlated with the performance of local currencies and economic growth in distressed regions.
Bitcoin also allows individuals and businesses in countries with strict capital controls, such as Venezuela, to receive much-needed remittances to stay financially afloat. In other words, wherever there is economic distress, Bitcoin demand will likely rise and Bitcoin adoption will grow.
4. Bitcoin Has Only Just Gone Mainstream
You could say that 2017 has been the year in which Bitcoin has finally gone mainstream. Five years ago, if you would have asked the average person on the street what Bitcoin is, they would have most likely given you a bewildered look. Today, most people have at least heard of Bitcoin and many even know that one bitcoin is worth more than an ounce of gold.
Now that Bitcoin has become mainstream, the buying potential from new investors is immense, especially as institutional investors have started to open up to the idea of investing in bitcoin and other digital currencies.
5. Bitcoin’s Supply Is Limited
Finally, one of the key reason why Bitcoin has become so valuable is that its increasing demand is met with a fixed limited supply.
Because of the way Bitcoin was created, only 21 million coins can ever be mined. Furthermore, the rate at which new coins are created slows down over time, which means the increasing demand for the digital currency is not only met with a limited total supply but also with a continuously slowing supply.
The discussion of whether Bitcoin is a bubble or not will likely continue indefinitely, but the comparison between Bitcoin and early internet stocks does not hold true due to the fundamental differences between the two asset classes.
* * *
As CoinTelegraph notes, countering no shortage of criticism from traditional financial circles that Bitcoin’s price had grown too quickly and would inevitably crash, the new-found faith in Bitcoin and its maturing as a medium of exchange has become apparent in its increasing resilience to ‘FUD’ or other bad news.
Mainstream forecasters now predict further upward momentum for prices, with TradingView eyeing a new all-time high of $6,800 for November despite the uncertainty surrounding the SegWit2x hard fork.
http://www.zerohedge.com/news/2017-10-26/bitcoin-spikes-back-6000-five-reasons-why-its-not-bubble
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This is a good flipside to the "bitcoin is a bubble" stories the media has spammed us with since forever.
Another good case for bitcoin not being a bubble due to its high projected future growth can be found in this thread here:
https://bitcointalksearch.org/topic/m.23152743
I think the article above addresses some of the points economists and finance analysts have glossed over. Bitcoin's growth in relation to its fundamental metrics are what will likely determine whether bitcoin is a bubble. Thus far none of the experts have addressed that topic. There's zero acknowledgement made of bitcoin's adoption in countries like japan, the philippines, russia or australia and crypto's transition towards becoming more mainstream. No commentary on whether those effects on bitcoin's elevated price could be sustainable.
It is possible that we will never see anything resembling legitimate analysis of bitcoin from the media. They have a long history of sweeping relevent and key points under the nearest rug. Out of sight, out of mind. Over the long term this could create opportunities for independent media to rise if indeed nature abhors a vacuum.
Is bitcoin a bubble? What are everyones thoughts on this?
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