Topic: Bitcoin Bubble ? (Read 483 times)
people who use this word i mean bitcoin bubble they dont have proper idea .A lot of speculations and rumors has been spreading all over the social media about bitcoin
Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
Untill then, we have a long ways to go!
Buy and hold is my advice.
On what are you basing your advice exactly?
Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
Untill then, we have a long ways to go!
Buy and hold is my advice.
Who accepts the currency isn't the definition of a bubble. It is when everybody is making easy money that easy money will eventually stop and cease to be easy that is what bubbles are about. I don't think we are there yet either probably another year until it comes closer and we need to worry.
This is just a normal bubble because the bitcoin phenomen is too big already and yea price will go on a rollercoaster , nothing unusual. If you are a good trader , you can speculate this dips and bounces and you can earn some extra bitcoin but if you're not , better to hodl or sell and buy lower if you think it will go down a lot.
Speaking about the bubble in the market of the cryptocurrency, in my opinion, is not correct from the point of view of comparison with what we are used to call a Bubble. For example, the same dotcom market was nine times larger in volume. And the entire market is crypto-currency compared to other financial markets is very small, so if you can talk about the Bitcoin Bubble, then we are only at the very beginning.
It’s hard to say that bitcoin can fall down. There are more establishments that have become open to using them so they continue to be of value.
I don't think it's a bubble. But we could well be in a bubble currently although I disagree with anyone that thinks the entirety of bitcoin is a bubble due to it being one of the most revolutionary things since the internet was introduced. Remember that people said the .com and internet was doomed to fail and was a bubble. How wrong were they?
Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
I agree about the holding part, but right now bitcoin is well knwon for many people and i don't think that McDonald, or any other company that will start accepting bitcoin will infulence its price highly, i mean the price of bitcoin is high and keeps on going even higher, so tehre is no man with the mind is going to go to McDonal and buy a burger for 0.0006 btc, not after what happend with the 10000 btc pizza guy, that amount of bitcoin could be worth 10$ now but in a year or 2months it could be worth 100$, bitcoin is not meant for being used on daily basis, it is an investment that needs to be held and saved until the time is right to collect the profit. Untill then, we have a long ways to go!
Buy and hold is my advice.
It is not a bubble, I think it is just disrupting technology. I do however think it is over evaluate , just not in a "tech bubble".
some people without any idea talking about a bubble.but real men know what's going on.I think we don't want to worry.just buy and hold.sell it at the right time.
It is best to let your Bitcoin stay for now. You need to look for the right time where Bitcoin and its value gets higher than what is expected to enjoy it.
I'm a bitcoin user, I think it has a good future. But at present, the value of bitcoin is unstable, I think the bitcoin is just a bubble, it is inflated for a short time and suddenly dropped rapidly.
to be honest, it pisses me off when people say Bitcoin is a Bubble. like, come on, you haven't seen how long btc has been around and how much it grew? and you speak as if it just appeared from no where instantly?
If thats how those people view it, then so be it. i have no time to argue with people that doesn't know anything about bitcoin and just say "meh bitcoin is a scam"
If thats how those people view it, then so be it. i have no time to argue with people that doesn't know anything about bitcoin and just say "meh bitcoin is a scam"
People who speaks about bitcoin being a bubble are the people who does not know much about its origins, its capabilities and strength and most importantly they don't have any bitcoin so we should not believe them. They are just basing their words from the stereotypical sense about what bitcoin is. But truly, bitcoin and all these cryptos will create a new era of technology for the world.
If McDonald's and other big businesses accept bitcoin, then bitcoin is defined as a currency, and prices tend to stabilize.
Over time, bitcoin is becoming more stable and the usage of this in more recognizable transactions generates such stability. Even though the value seems to be fluctuating, the noteworthy ever here is the constant increase all in all.
Bitcoin is a commodity very much like oil or gold dollars of euros. There might be price fluctuations and corrections but in the long term it is a bull market. Some say bitcoin will reach $500,000 sooner rather than later but it is a zero sum game someone always loses it is just a matter of when.
Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
Untill then, we have a long ways to go!
Buy and hold is my advice.
Steam has abandoned Bitcoin, so why should McDonalds, Walmart, or whatever start to accept it all of a sudden? Methinks, the primary reason why Steam ditched Bitcoin is lack of demand. I mean there weren't enough people willing to pay with bitcoins for the games Steam is selling. They say they dropped Bitcoin because of Bitcoin's insatiable volatility, but personally, I doubt that. If people were actually using Bitcoin in their everyday life, Steam included, volatility wouldn't be an issue any way you look at it.
True that. But I would say that the transaction speed is the bottleneck for them. I mean if you gonna order a Burger and you have to wait 6 hours before your transaction is confirmed. I would say that your burger is burned at that time. No one wants to waits that long for a transaction. There has to be an alternative better and faster coin.
I would also add that fees are very expensive for any transaction.
Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
Buying bitcoin at this price requires you to be a big time investor and the price of bitcoin is on a bubble because there are big funds coming from big time investors and wall street and hence i do think we will see a big correction soon,as these investors might dump the coin and can manipulate the price ,so be cautious . Untill then, we have a long ways to go!
Buy and hold is my advice.
Well it is quite possible that bitcoin is just a bubble, but it would be very unlikely because of the amount of people sho supports and use it, also there seems to be a growing support for bitcoins to accept bitcoins as payment.
The way I see it, Bitcoin is going up not because some big institution is 'pumping' the price temporarily for a huge dump later on. The entire world is joining in and for once, no bank can contain this revolution.
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