people are speaking both ways. some people give positive statement about bitcoin. immediately we get negative statement from other person. I see it's just clash of interests.
A person engaged in banking will be criticizing bitcoin. But a man engaged in bitcoin business will criticize bank and fiat currency.
Topic: Again, Bitcoin described as a Bubble. - page 6. (Read 2027 times)
Well, since then bitcoins have caught on with a vengeance, and their value has indeed soared. Last week the price of the cryptocurrency jumped to a high of US$11,434, up a spectacular 1,438 per cent over the previous 12 months, as hundreds of thousands of new users rushed to open bitcoin accounts. Yet despite the electronic currency’s ballooning popularity, the criticisms the Post made back in 2013 are still valid, and in the intervening years a few more failings have become apparent. It has to be said that the “blockchain” distributed ledger technology that underpins bitcoin is undeniably clever, and will no doubt find many applications over the coming years, especially in financial disintermediation.
I do not think that we should pay attention to the false accusations of bitcoin. This is not a bubble, but the future. There are still skeptics who are tied to the past. How many were inventions in history, which at first were considered useless, but then they became part of modern society. For example, I know that many thought electricity was useless, but how can we live without it now?
Bitcoin has faced this problem since it's launch and it will face this problem long time from now as most of the "experts" consider the price dropping of bitcoin, just another bubble ready to take out people money but let's be honest and face the reality and we can see clearly that bitcoin is not a bubble and the price fluctuation has been there since it's major rise to 1k$ so if you can't stand the heat, crypto is not for you.
Well, every person has his own opinion on this matter, who does not understand the crypto currency market or even did not even know a bit about it, he can say so, but all those people who understand this market are confident that this lies
It’s hard because a large number of people own and use BTC. What could happen would be for those that own very large amounts to agree to sell it altogether, in which case it’s price would drop proportionally. But then some would see it as a chance to buy cheaply again.
Only if another coin becomes as widely used (used, not just owned) as BTC will it drop more permanently. At the moment most coin ATMS are for bitcoins only. If that changes and if new ways of exchange come to exist, another coin could take it’s place.
Only if another coin becomes as widely used (used, not just owned) as BTC will it drop more permanently. At the moment most coin ATMS are for bitcoins only. If that changes and if new ways of exchange come to exist, another coin could take it’s place.
Why do you speak of a bubble? Bitcoin by now has had it's fair share of troubles, but those have been overcome. It represents real value. Mining it means investing in it, and you can buy and sell anything with it that you can buy with other currencies.
There are 2 things that i can think of that could bring it down:
A global government boycott
A bug or vulnerability in the system that has big impact
Other than that, i see no reason for collapse
There are 2 things that i can think of that could bring it down:
A global government boycott
A bug or vulnerability in the system that has big impact
Other than that, i see no reason for collapse
Let Robert Shiller consider bitcoin as a bubble, he does not deepen his knowledge of bitcoin. And maybe he wants to spread the bubble issue against beginner bitcoin so as not to use bitcoin. But definitely, bitcoin is not a bubble that once broke and disappeared, bitcoin is a real ecosystem in cyberspace.
Yes many topics saying that bitcoin is a bubble and asking if the bitcoin is bubble. Many peoples thinking first like that but first they eed to know and learn about bitcoin because this bitcoin is not a bubble it can help us first about the money second we are leaening about crypto.
I suggest to dont entertain bad news or people spreading bad news, because they will just give you headache. And just focus on your investments, because your investments is all that matters. Dont waste your time on the things that you will not earn good things that will help you today and in the future.
Many peoples think that bitcoin is a bubble but that is not true because bitcoin will help us dont just first we should need to know bitcoin.
Yes many topics saying that bitcoin is a bubble and asking if the bitcoin is bubble. Many peoples thinking first like that but first they eed to know and learn about bitcoin because this bitcoin is not a bubble it can help us first about the money second we are leaening about crypto.
I have never studied computer science and can explain it easily and before anyone starts shouting that exception validation rule, I will add that I do not even know a researcher. Computer science and BTC interest. Someone should send him one of the very brief explanations on BTC that can be found online.
Do not believe the false news, I think Bitcoin is not as a bubble. If Bitcoin is ever bubble again, then Bitcoin can not survive. poeple knows one as a bubble. Those who say it, I think they could not fully understand Bitcoin.
Well there definition of bubble is definitely what the bubble we have seen that the children was playing. Bubbles would not last long time if they are comparing it to bitcoin. Bubble is not a proper adjective as for its performance, Bitcoin prove itself and still proving its capabilities as of this moment. Remember if bitcoin is just a bubble, it should've bursted out years ago.
Yes they say it again, but don't worry we all believe that blockchain tech will increase.
all in this world is bubble so dont worry, just grab this opportunity.
Do not believe the false news, I think Bitcoin is not as a bubble. If Bitcoin is ever bubble again, then Bitcoin can not survive. poeple knows one as a bubble. Those who say it, I think they could not fully understand Bitcoin.
Well there definition of bubble is definitely what the bubble we have seen that the children was playing. Bubbles would not last long time if they are comparing it to bitcoin. Bubble is not a proper adjective as for its performance, Bitcoin prove itself and still proving its capabilities as of this moment. Remember if bitcoin is just a bubble, it should've bursted out years ago.
Definitely, there are many discussions that needed an answer about the potential of bitcoin in the future. Given such considerations, we cannot afford on wasting our time on infinite debates because the proof of its existence rely on what it is today. The truth that Bitcoin has its life and still on beating on the market would mean that it can thrive in future – Bubble is not for Bitcoin`s good reason.
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:
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.cnbc.com/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-2018-05No matter how many times they call bitcoin as a bubble, I don’t really care. They can call bitcoin whatever they want. We all have different views and are all entitled for our own opinion.
There is many topics and discussion that portrait bitcoin and crypto to be a bubble but the fact still remains that if bitcoin was a bubble it could have bursted long ago, we have witness how bitcoin made it from the scraps to be where it is today in terms of market price and market cap. The truth still remains that bitcoin is never a bubble.
I agree with your statement, this is a stupid topic, FUD, and create a market wave. many topics that have themes that bitcoin is a bubble.but in fact bitcoin is not a bubble, bitcoin is not also a ponzi scheme. bitcoin is a digital currency that has high fluctuations. different from other currencies.
btc is not like bubbles. we knew that btc since back then are top from other cryptos. is just that today btc has many its problem on its price dropping however, btc still on top of other cryptos.
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