Most people describes Bitcoin as a Bubble but the truth is very far from it because in the future Bitcoin will be better than fine and many predict Bitcoin will be considered as a mainstream currency in the world by changing the inefficient banking system and other traditional and non advanced organizations by proving blockchain based decentralized cryptocurrency transaction system to make faster, secure and better payments and transactions for any need from anywhere in the world at any time so in the future these qualities will make Bitcoin more popular among many individuals in the world so even at the moment prices are low and seems as a bubble for some in few years most will believe in bitcoin
I suppose the reason of why many people have the impression that bitcoin is a bubble is because of the speed at which it moves, they think that a financial asset that is any good can form a bubble but it takes decades for that to happen, but when it comes to bitcoin we see a bubble forming just a few years after the last one and so people have a tendency to think that no normal asset should move like that, but they do not understand that bitcoin is not like other assets. 
Topic: Again, Bitcoin described as a Bubble. (Read 2027 times)
I think that all these articles are invented by manipulators, or by those people who are simply afraid to take a risk and thus justify their fear.
Most people describes Bitcoin as a Bubble but the truth is very far from it because in the future Bitcoin will be better than fine and many predict Bitcoin will be considered as a mainstream currency in the world by changing the inefficient banking system and other traditional and non advanced organizations by proving blockchain based decentralized cryptocurrency transaction system to make faster, secure and better payments and transactions for any need from anywhere in the world at any time so in the future these qualities will make Bitcoin more popular among many individuals in the world so even at the moment prices are low and seems as a bubble for some in few years most will believe in bitcoin
By the way even if this is a bubble then it's a sweet bubble that hasn't been experienced ever. I say so because bubbles that burst don't form again unless you make another one but Bitcoin has "busted" (as they say) and has resurrected severally and so how are they going to describe that also?
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
He's so ignorant. I have never studied computer science and could explain it with ease and before somebody starts screaming that exception confirms the rule, i'll add that I don't even know a single person who studied computer science and is interested in BTC. In reality most bitcoiners are normal people with various interests, not programmers like this guy seems to think.
Somebody should send him one of those very short explanations of BTC that can be found online. It really can be fully described in less than a minute.
He's so ignorant. I have never studied computer science and could explain it with ease and before somebody starts screaming that exception confirms the rule, i'll add that I don't even know a single person who studied computer science and is interested in BTC. In reality most bitcoiners are normal people with various interests, not programmers like this guy seems to think.
Somebody should send him one of those very short explanations of BTC that can be found online. It really can be fully described in less than a minute.
On point! People use their technical knowledge to sway people without proving anything. Bitcoin is here for years and making people successful by using it smartly and effectively. Many people are also heart-broken on this massive dump but I really do hope that it will regain its original state.
The fact that Bitcoin is a bubble is a topic that returns every time when price increases or decreases. Of course, there are price bubbles - as in any financial market and it is completely normal. However, to say that Bitcoin IS a bubble can only be said by a person who has no idea what the cryptocurrency is for and what technology is behind it.
There are literally hundreds of this article coming from noobs and so-called experts, but as always after ten years Bitcoin is still here and I guess we will still see a lot of this articles in the future, and it will surface everytime Bitcoin is dropping, this is like encouraging us to give up.
this common now as the bitcoin starts the growth some people and some media start saying bitcoin is a bubble which is not true.
We can not stop the price of bitcoin what will be the outcome so we are facing the big dropped of it. Some people saying it will become a cent only in the future.
I am always ignore if people saying bitcoin is a buble. Its just a FUD because bitcoin already survive in 9 years. If bitcoin is a buble, i am believe Nasdaq wont interesting and Goldman Sachs wont buying Poloniex. Its real investment but we should keep it for long term
one of the causes of the decline in bitcoin in the last few months is the number of concurrent sales and many new investors who want to buy at low prices and that is not a bubble to be feared
from 3200 and below there are huge walls for purchases, I think we will not go below 3500 and if we leave then not for long. A little bit overcrowd hamster crows and calm down.
I don’t turn off the farms because Income increases in bits (in rubles or $ has long been in the red). Now, if in the cue ball it will fall then I will disconnect after a certain level.
I don’t turn off the farms because Income increases in bits (in rubles or $ has long been in the red). Now, if in the cue ball it will fall then I will disconnect after a certain level.
To be honest right now bitcoin does remind a bubble because it does not stand on anything real like national currencies. That is why some people are suspicious about it.
Comparing stock market to crypto market is not going to give you expected result. Mechanism is different than what we think. Investors have powerful money management like dividing portfolios to risky and safe assets. Whenever crisis starts to smell in markets investors transfer all their wealth to safe assets like gold,government bonds.
The analogy doesn't have to be perfect in order to work, we know that stocks and cryptocurrencies are completely different, but since both of those are markets and markets follow the laws of supply and demand then we can make some comparisons among them and as I stated before there have been cases in which good stocks were in the middle of a bubble but that doesn't mean that those stocks were no good.
I think that all these negative news is just a fake for someone's needs. So someone needs it! Remember the beginning of 2017? - Then everyone said that Bitcoin is the future!
Bitcoin's market share in the digital money market continues to decline. Bitcoin currently accounts for about 48.9% of the digital money market. As the logic of investing in securities, the higher the market share of a company in its industry, the more valuable it is.
This is the common mentality of people. Whenever there is drastic rise in value and unexpected price fall people start speculating it as a bubble. Similar thing happened with the internet over the 1990's. Bitcoin being entirely new to the global community it is not that easy for people to understand about it.
many people don't understand bitcoin and there are many more that need to be discussed about bitcoin. if true bitcoin is a bubble then bitcoin shouldn't be able to survive until here bro, maybe some people who say bitcoin is a bubble they don't really understand what bitcoin is
I do not anymore surprise in bitcoin bubble thing. Imagine, more than 5 years of speculation then bitcoin turns to a profitable investment. Of course, people will say a negative thought in bitcoin because the price can't control by the people. They just give their own opinion, based upon what they saw in the market.
Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality?
In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:
Shiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:
Funny enough, the most LEARNED are not always the most informed: When we are talking of blockchain Technology, Crypto ATM and making fianancial transactions much simpler.... a PROF seems unaware of what is pilling up? In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:
Quote
To me it’s another example of faddish human behavior.
Link to the interview: https://www.c[Suspicious link removed]m/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.htmlShiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:
Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05Jump to: