Topic: Again, Bitcoin described as a Bubble. - page 7. (Read 2027 times)

If bitcoin is bubble it was gone long time ago, as the first time they call it bubble it probably gone by that moment. Bjt as we have seen, it is still breathing and kicking, proving those people who only knew was to tell bad thing about bitcoin. Bitcoin is in the process of improving to go with the flow of changes.

Of course it is a bubble, stupid to argue with obvious.

But what makes bitcoin unique is that each bubble (bull run) increases adoption which in turn generates new bubble which increases adoption and the whole sequence of bubbles is one bigger bubble and that also increases adoption.

Like I never heard that before. People now are getting used to this kind of opinion from experts. Only the skeptics believe them. 

However if this bubble appears alts it's basically shitcoins will be allowed big dogs like bitcoin, ethereum, anchor etc to be the winner in the scene and fill the devotees with enthusiasm way network. He is too ignorant, not programmers like this guy thinks.

Many of the traditional financial players, including JPMorgan CEO Jamie Morgan, have criticized Bitcoin, describing it as a bubble. However, due to its hierarchical, mathematical and transparency nature, so called Bitcoin is a very inaccurate bubble of any kind.
Tesla, Amazon, Bitcoin "Bubble"
Bitcoin is not a bubble, contrary to the dishonest and unrealistic claims of bank executives. There is a bubble in Bitcoin in 2013 when demand for Bitcoin increases to a point where the market can no longer support it and the Bitcoin price has fallen from $ 1,300 to $ 200. However, it is not accurate to call the release. Bitcoin body is a bubble, like the inaccurate way to describe Amazon or Tesla as a bubble.
Even up to April of this year, analysts describe Tesla's exponential increase in the value of a "bubble," as analysts have done with Amazon over its 20 years of the company. about existence. Six months ago, Matthew Debord, shipping editor at Business Insider, wrote:
"At this time, a Tesla bubble looks clear and seems clear as it has since the beginning of this year. The difference now is that it grows so big that it becomes scary. "
A "expert" David Greenfield's Greenlight Capital, claims that Tesla is a bubble that will not turn up anytime soon, but it is a bubble. "In due time, we hope the bubbles to pop," Einhorn said.
It is important to acknowledge this trend in any emerging technology company and launch. Analysts and experts rush to confirm that anything is a bubble, due to its rapid rise in value and exponential growth.
From 2013 to 2017, Tesla's share price has risen from $ 20 to $ 302, with many minor adjustments and adjustments. In December, the Tesla shares fell more than $ 100, from $ 250 to $ 150, due to the company's troubled finances. However, over time Tesla recovered and it developed a sustainable business, a market, and extremely important, a consumer base similar to the way Bitcoin has evolved into a sustainable financial network, a strong market and secured an active consumer base of tens of millions of users.
Moreover, it is far from clear that the Bitcoin market, which includes a similar volume and liquidity of Apple, the largest liquid stock in the world with a daily trading volume of $ 3.3 billion. , because it has grown significantly since it was introduced in 2009.

Yes, I also noticed it, but it's better to sell everything and put it into Socratus because bitcoin is falling and you will also earn

To me it’s another example of faddish human behavior.

He's a very smart man in economic terms, but his conversation with cryptocurrency like no human in general.

I am a fool who does not know the world economy as a whole. But my stupidity always assumes that cryptocurrency will be a new innovation for a currency. If bitcoin is a bubble, maybe some developed countries like united states, japan and germany will never accept cryptocurrency, my logic is always thinking against it.

There have been times when bitcoin is described as a bubble and also many a times it have also burst like one like back in December 2013 and 2017. But no matter what Bitcoin have rose from the bust in 2013 and the same will also happen now also. It's just that if a bad news spread very faster then the bitcoin price falls and if a good news spread then the bitcoin price rise sharply.

A bubble can be anything dude. It doesn't mean that if a bubble popped then it will continue to lose value until there's none. I've seen a lot of market crashes even worse than this correction and that can be considered as the bubble exploding but i've seen the market as well recover and soar to new heights afterwards

This will be very good news if any country from Asia will legalise bitcoin. As we know that there are very few countries in the world who has legalised bitcoin yet like South Korea accepts bitcoins in exchange of their luxury cars, in Florida government accepting bitcoin for paying taxes from their country members, these are like two fortunate countries that has legalised bitcoin and now experiencing boost in their development and this will be very beneficial for any country who will legalise bitcoin.

I think he is right maybe most people who are interested in the tech can explain bitcoin properly but I think his thinking is bullshit. Sorry, no offense but I do not avoid bitcoin for some old banking system which forces us to believe that their paper is worth some value and it can be traded as a form of money. They are making thousands of dollars because of their little agreement printed at every dollar note. I think bitcoin is much better than this and i do not care if it is another human's mistake I clearly need this concept in my future.

Well sadly some people share the same sentiments too due to the inability to properly explain the intricacies of the bitcoin even by most of the cryptocurrency lovers raises a subtle red flag around it. As time goes on, and BTC continues to stand the test of time and gets more popular and finally gets more accepted in many places, I'm pretty sure they will get to understand

Bitcoin is still the bubble so far
It will benefit you when you take advantage of the opportunity of this bubble

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.

Hyman Minsky he believes that Bitcoin is has five stages: displacement, boom, euphoria, profit taking and panic.
Policy adviser at the Federal Reserve Bank of San Francisco, Joost van der Burgt, says that if Bitcoin is in fact a bubble, it’s likely at the beginning of the ‘profit-taking’ stage, meaning that ‘panic’ is not here yet. But he does admit that he might be wrong about Bitcoin being a bubble and states that it could become "a new global currency".
https://www.newsbtc.com/2018/06/03/according-to-economist-joost-van-der-burgt-if-bitcoin-is-a-bubble-the-final-stage-of-panic-is-on-the-horizon/

Who cares about that news and about whats that companies saying towards bitcoin,it seems like your not really helping here instead you are spreading the negativity why investors must not believe in bitcoin and thats unfair.

What ever you say,and what ever links you will bring inside cryptocurrency still we will continue to progress and support this cryptoworld

True, its price is constantly changing, rising and falling but not suddenly, it can be said it is a bubble

no because people don't need to understand bitcoin. in fact they should not understand it! if everyone understands bitcoin that means the projects is too simple and poorly made. when it is complicated enough that average Joe doesn't easily understands it that shows it is a complicated and strong project.

and why should they understand it?!! in fact i say the arguments he made are the most bullshit ones anybody can ever make. we are using shitloads of stuff that we don't understand. it is like saying "I don't understand how internal combustion engine works so i don't use any vehicle ever"! obviously you trust those who understand how it works and when they give you the thumbs up you use cars without wanting to "understand them"!

These are mouth words of people about Bitcoin. Many people passed these words, but actually Bitcoin hitted the peak. Same case will repeat now, Bitcoin will prove all arguments wrong very soon.
Its all about patience.