Topic: Again, Bitcoin described as a Bubble. - page 8. (Read 2027 times)

There was also a lot of bubbles in the stock, but it remained here. It is difficult to make clear whether Bitcoin is a bubble, because the bubble is still very good before it is shattered. This is very pointless. Twenty years ago, 10,000 Bitcoins could only buy one pizza. Was it a bubble at the time, and now it has become a bubble because of its rising prices?

I think it is the media’s job to thoroughly exhaust all aspects of bitcoin –whether good or bad. But whether they focus more on bitcoin being a bubble or not, any form of dialogue will help bitcoin become more of a household name.

skeptics lack. They were 4 years ago, when everyone said that the bitcoin is now at the peak of$ 25 and then collapse. To invest what makes no sense is a bubble. What to say. Many believe that the planet earth is flat? and that we all believe that??? Don't , we need to move on.

Again, these guys insisting that bitcoin is a bubble will be proven wrong. Bitcoin has been described far worse than that and by some of the most influential people in finance. But bitcoin is still here and is about to make another record run.

we know that the real market with crypto market is not the same, so when real estate market economists predict about bitcoin, I think we better not hear him. they have not the experience about crypto

and better we choose the opinion of crypto figures.

I very agree with your opinion, the opinion of economists will only make me hesitate and impede travel.

let them speak freely, they are not people who understand the crypto market, so they speak and predict without knowledge.

They wont stop to say different BS about bitcoin, why say good news? It is not interesting at all, because, most of media controlled by corporations isn't? Freedom it is not about them

Exactly, we still have a lot of problems to discuss the future of Bitcoin. But I do not agree with anyone commenting on Bitcoin as a bubble. This is a completely negative and irrational badge.

It doesn't matter if bitcoin is a bubble or not. If other peoples says so, then for me bitcoin is still not a bubble.
Because i know that bitcoin will exist now and later, not burst and vanish.

People are forced to fix losses fear that bitcoin will break through all reasonable levels of support and burst. It's just gonna disappear. The exchanges will close, the farms will be given to homeless people, and Satoshi will hang himself.  But bitcoin is difficult without fundamental reasons to fall below a certain level – it needs to be hammered into your head, even if it resists. And this level is not zero.
Mining cities (this is not even a farm) by the type of Bitmain affect the bitcoin exchange rate. Not so much as to set the price themselves, but at least in emergency cases they can keep the rate at the level of break-even mining. They need to pay for electricity, pay employees, maintain the premises, develop new equipment. The break-even level is somewhere 6-7K. Yes, the farm can pobarahtatsya on the course below, but not very long, they quickly get bored.
Think about this: monopolists bitcoin mining something in no hurry to change the scope of activity. I mean, it doesn't itch at all. They don't buy plutonium, don't change their shoes to build space shuttles. The guys are calm, which means they are sure that they will not lose their billions. By the way, the break-even level is growing all the time following the complexity of production.
The stupidest thing to do now is to withdraw money. Go back cheaper will be very difficult. Near the bottom is generally dangerous to move, here roll only one option – the gradual purchase. Get rid of the harmful idea that bitcoin can become worthless without fundamental reasons. Thought so, and those who last fall said: "why am I not bought it when it cost a thousand?"Perhaps by the end of this year we will hear it again, only with six-seven thousand.

I think it should not be so negative about such statements, in fact most crypto currency is really just bubbles that used the most common PR. But such big cones as Ether, ltc, bitcoin make us think about the correctness of such judgments.

I am struck by the mainstream confidence that bitcoin is a fraud/fad that will soon collapse, while central bank fiat currencies are presumed to be rock-solid and without risk. Let's think otherwise, if considering bitcoin as a reflection of trust in the future value of fiat currencies which started since its creation (2009). What i want to say that despite all the FAUD remors, bitcoin is a meaningful result of Fiat loosing trust and it's existence (value) doesn't only depends on news and psychology.

Well, it is happening again and again but I don't think that we should give attention to these things and opinions because we believe that it has the potential to transform the way we live today and it has the potential to optimise our economy not only in finance but also in other sectors by adopting blockchain technology.

Yes it is true that explaining Bitcoin to someone is difficult when it comes to the technical part but we must realise that it is not important to understand each and every aspect of it because there is a huge number of people using internet and email facility but I bet that most of them don't know how the email delivery process actually works, in fact, they don't care about it and the same thing is about Bitcoin and cryptocurrencies. If using cryptocurrencies has some benefits then most of the people would prefer using it irrespective of their understanding of backend of this technology.

it seems like the fud for me. telling everyone bitcoin is a bubble is considered as spreading fud.
but what the most thing i dont understand is why many peoples believe that, and sell their coins with lower price like now.

Bitcoin according to traditional market standards will always remain a bubble, especially when you also take into consideration that ignorant bastards think it has zero value and thus should be worthless by default.

The more people speak of Bitcoin as being a bubble and not contain any value, the more confident I am that their ignorant nature will eventually result in a very bad ending for them, to use Warren Buffett's words.

The world is changing. Traditional market standards don't matter anymore as much as they used to matter years and years ago, but the old school investors have enjoyed a completely different form of education, so they don't realize it.

the same thing over and over again

That's because bitcoin is very high volatile currency that also a reason need to keep understand about what is bitcoin moving up and down their value into the market cap.

the virtual crypto currency including bitcoin are adopting by every country and people because they knows how much important their lives crypto's help for the economic grows, but i didn't understand some economy analysis deliver a negetive information for bitcoin instead support us how to improve bitcoin as currency to help the world economic growth.

if you look just one year before what was the price, or just show who say 'BTC is bubble' that conversation is over immediately.

Personally i don't make a lot of attention to such news but it becomes more crazy to ignore them completely especially when it spreads out from experts (old fashioned ones) that it may easy pump the whole market; remember last fork to bitcoincash when bitcoiners started a foolish swap to altcoins in order to avoid facing price crashes.


By dint of the decentralised blockchain, no one can react againt the movement of this technology so traditionel experts with noble prices as traditional governments with Noble also and traditional financial institutions with a lot of prices and quaalifications, try one of the last cards (rumors) so they can prostponed some developement progresses until understanding the whole scene and how they should really react.

 

Now principles of blockchain can be explained to children and peoples in local communities. Furthermore, big players in the market (Microsoft,IBM,facebook...) started working on the integration of the new tools (blockchain,cryptocurrencies...) when some called experts try to manipulate the fool in ian ignorant-like way.


We haven't turned this technology into a stock trading because it should be a stock of value so people will easy find ways to exchange it.

the problem as i see it, is the fact that we have turned this wonderful technology into new age stock trading

probably 90% of the people involed in crypto trading do it for the profit. nothing wrong with that. it's just that most of people who own bitcoin/ethereum/xvg/eos or whatever own it, because they want to profit. the percent of people who actually use the technology is imo very low.

and if we eliminate this gambling aspect, 90% of the people leave, yes it will crash the market but it won't kill the technology. technology is revolutionary and it's here to stay. is it a bubble? yes? is it worthless? far from it. and also this bubble has the potential to inflate up by a factor of 10 before it may blow, there is still room.