Bitcoin Bubble Yes / No - page 3. | Bitcointalksearch.org

Seansky

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Quote from: hugeblack on October 27, 2017, 07:57:25 AM

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now largest companies accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.

Some Reasons why Bitcoin IS Bubble

Warren Buffett say

Quote

"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

It is true that bitcoin is not value producing but it is the same with national currencies isn't it? Therefore currencies transcends the essence of a bubble. You cannot call a real currency bubble because there is a real demand for it and btc is slowly becoming a legit, bonafide virtual currency as day pas by. Before we call btc a bubble, we must always rember that btc is created in the first place to be a virtual currency, not as a ponzi scheme so whenever price goes down it is just normal because it ain't an asset, it is a currency the same with fiat currencies.

el kaka22

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Quote from: krauzzer02 on October 28, 2017, 12:26:50 AM

It's not value producing asset then what do you call USD and some national currency and fiat moneys? is that also a piece of paper that is useless and not producing asset? barter trade and some traditional trades is not common practice because the goods and raw materials can be rotten by the time that's why they come up with the currencies or money it just like them without physical representation. Now is bitcoin a bubble? maybe in the future but not today.

Thank you so much. These guys really know the truth and we all know the reason why bitcoin is growing fast is because some totally believe in the value it holds and some possibly took it for an asset but does that stop bitcoin from not having its value ?

These guys have found out apparently that they underrated the fact that bitcoin would grow to this extent. They never believed in it, knowing it is coming to disrupt the way they have been doing things, manipulating and all, and then they tried everything possible to stop it and then it keeps on growing and so sorry for them it is the way it is going to be whatever name they want to give it.

Few years time, they should still come back to see if bitcoin is a bubble or not when merchants and stores have started accepting it as a form of payment.

amaral1977

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Quote from: hugeblack on October 27, 2017, 07:57:25 AM

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now largest companies accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.

Some Reasons why Bitcoin IS Bubble

Warren Buffett say

Quote

"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

BTC is a bubble or even a ponzi because you need 2 things for it to grow. New users and trust. For the value to grow you need users to keep coming to BTC , increase demand and value. But that´s not the point. The point is weather people will keep trusting BTC to act as a currency or keep trusting it to act as na asset. If they maintain trust, price will keep going and wont dive, so no bubble, if confidence and trust are gone the bubble pops and afterwards some people can scream and shout i told you so...

nl247

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Quote from: TrumpD on October 28, 2017, 12:32:20 AM

People often criticize what they do not understand. Is bitcoin a bubble? I would say no, because there is an actual product that is deemed valuable, albeit, by the minority. No amount of calling it names, regulation etc will stop the upward trend, at least for now.

And the earlier they started seeing it as the technology that would change the future, the better for them rather than calling it whatever they like. I feel most of them are just trying to take their chances, and I am pretty sure as much as they are calling it bubble, they are buying in, but their normal senses would not want it to work knowing it is against how they have always done things.
Bitcoin has value and that is a value that can surpass even their own imagination, over time, they will get to accept that fact and obviously nothing will stop it from growing and in few years time, we will quote them and ask if they are still ignorant or they still want to keep calling it bubble when bitcoin has become a normal part of our lives and the way we spend.

tee-rex

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Quote from: hugeblack on October 27, 2017, 07:57:25 AM

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now largest companies accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.

Some Reasons why Bitcoin IS Bubble

Warren Buffett say

Quote

"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

If you ask me, I think that bitcoin IS a bubble, at least, for the time being. But I still can't agree with Warren Buffett because bitcoin does produce value but surely not in the way Buffett thinks. It is speculative value, just like with any other bubble out there, but if it makes you richer, how can you not call it value? As an aside, bitcoin is not accepted as legal tender in Japan. Correct me if I'm wrong on this, but bitcoin is only accepted as a foreign currency there like, for example, the American dollar or the Euro.

These are two big and essential differences.

orions.belt19

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Quote from: farhaan on October 30, 2017, 07:18:32 AM

Bitcoin is not a bubble.It has gained this price value slowly over the last eight years.Its price rise is mainly due to its limited supply and its secured nature and decentralized nature making it completely out of the reach of government controls.

It has already crossed many critical situations successfully and it deserves this price and more price rise too.It has made transaction of very large amounts at very low features.

Bitcoin has more features for which people keep trust in it and buy at higher prices.It is not just a speculative investment.

Bitcoin is neither a bubble nor a tulipomania.

Despite everything it's been through, bitcoin remains to be resilient and strong - it has survived all throughout those forks and FUDs and these are the reasons why I agree and continue to firmly believe that bitcoin is not a bubble, otherwise it should have collapsed and seized growing. Instead, it still continues to grow and become adopted in other countries. I believe that bitcoin has the potential to grow even more for the incoming years.

warrior333

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I can't with 100% certainty to say that bitcoin isn't a bubble. He really has the signs of a bubble, but it seems to me that the dollar is more likely to burst than bitcoin. Look closely on the dollar. He has all the signs of a bubble. Just Warren Buffett used to work with corrupt politicians and the world's Fiat it is easier to navigate.

Funeral Wreaths

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plenty of people used to say this kind of words since before that bitcoin is a bubble, and since then they keep on criticizing bitcoins credibility, and up until now there isn't stop to it, and for how many times bitcoin has prove it that it wasn't a bubble.

farhaan

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Bitcoin is not a bubble.It has gained this price value slowly over the last eight years.Its price rise is mainly due to its limited supply and its secured nature and decentralized nature making it completely out of the reach of government controls.

It has already crossed many critical situations successfully and it deserves this price and more price rise too.It has made transaction of very large amounts at very low features.

Bitcoin has more features for which people keep trust in it and buy at higher prices.It is not just a speculative investment.

Bitcoin is neither a bubble nor a tulipomania.

loragean03

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bubble or not, it doent matter to know, after all you've always think that bitcoin is a bubble, youll always doubting in bitcoin which is not usual to think. bitcoin already prove it self in all of us, so why doubt always exist on us? from the past 6 years bitcoin improves it self and reach at this point without asking you to support which you did after all. just continue in bitcoin and don't ask other to make them confuse on what do they believe before.

IamHigh

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Quote from: BillCoin on October 29, 2017, 07:44:03 PM

Bitcoin is not a bubble because it's major adoption just gets bigger then time flies.

I think it's a misleading statement to say that Japan is now accepting bitcoin as a legal tender, they recognize it as a sort of payment or as a currency, but the difference from the current state to a legal tender is pretty much big.

Legal tender means that you can pay with the currency(bitcoin in this case) in every store in the country(it has to accept it by law enforcement), it also says that the government must accept the currency from you to pay for taxes and other bills.

I totally agree with you on this topic. I don't care what Waren Buffet says and I don't believe he was saying the truth. He's probably making FUD and buying more bitcoins at the moment with cheap prices. That's how they make money.

BillCoin

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Bitcoin is not a bubble because it's major adoption just gets bigger then time flies.

I think it's a misleading statement to say that Japan is now accepting bitcoin as a legal tender, they recognize it as a sort of payment or as a currency, but the difference from the current state to a legal tender is pretty much big.

Legal tender means that you can pay with the currency(bitcoin in this case) in every store in the country(it has to accept it by law enforcement), it also says that the government must accept the currency from you to pay for taxes and other bills.

gabmen

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Itnis likely a bubble but i don't see that bubble popping anytime soon. It's probably going to take years before that happens and between now and that time, it would have made a lot of difference is people's lives and may even find itself stabilizing.

bitmagic1984

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what are the merchant websites support bitcoin payment ?

Oasisman

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Quote from: hugeblack on October 27, 2017, 07:57:25 AM

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now largest companies accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.

Some Reasons why Bitcoin IS Bubble

Warren Buffett say

Quote

"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

Warren Buffett say

Quote

"You can’t value bitcoin because it’s not a value-producing asset."

So does our currency before because when you look at it it's just literally a piece of special paper with some drawings and pictures of it. People keep on supporting bitcoin because they/we see that it has a potentials just like with our money now. That's why bitcoin value is growing and increasing.

Pearls Before Swine

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None of those reasons you gave matter; bitcoin could still very much be in a
bubble. Especially the legal tender part. That's completely irrelevant. Do you
think that and the other points are any sort of guarantee that the price won't
crash back to $1000 or lower tomorrow? I would say 'no'.

It's very common with asset inflation bubbles that people come up with all
sorts of reasons as to why a particular asset isn't in a bubble. Then it pops,
and everyone realizes (with 20/20 hindsight) that they were wrong. And I hope
I'm wrong. I'd love some slow, steady growth all the way up to $100K.

Hydrogen

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Quote from: hugeblack on October 27, 2017, 07:57:25 AM

Warren Buffett say

Quote

"You can’t value bitcoin because it’s not a value-producing asset."

If it is true that "non-value producting assets" can't be priced, one might wonder how precious metals like gold or silver are priced. Price relative to earnings (P/E ratio) is commonly cited as the most valuable pricing metric in equities trading. It would be interesting to know what the best pricing method for precious metals has been for a historical perspective. That could be a topic to research.

I like Buffett's comment, its a very good point. Buffett has made interesting comments on gold in the past.

iamMhew

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Quote from: hugeblack on October 27, 2017, 07:57:25 AM

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now largest companies accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.

Some Reasons why Bitcoin IS Bubble

Warren Buffett say

Quote

"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

acceptance of bitcoin on some many country for now is a indication of bitcoin is not a bubble, so many people are relying in this bitcoin now, i think the assets that Warren Buffett mentioning are the assets that supporting bitcoin (like big shares company) which bitcoin not have. Warren Buffett didnt realize that the assets of this bitcoin is US who continue support bitcoin what ever it takes in the future. that was only my opinion.

HabBear

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None of these can be reasons why Bitcoin isn't a bubble because none of these are characteristics that can stop a bubble.

An investment bubble can absolutely apply to legal tender

Merchant adoption (any adoption) is one of the key drivers of a bubble, the more people who want something the more the price rises.

Bitcoin supply, scarcity, helps drive adoption or demand.

Quote from: hugeblack on October 27, 2017, 07:57:25 AM

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now largest companies accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.

Some Reasons why Bitcoin IS Bubble

Warren Buffett say

Quote

"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

TrumpD

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People often criticize what they do not understand. Is bitcoin a bubble? I would say no, because there is an actual product that is deemed valuable, albeit, by the minority. No amount of calling it names, regulation etc will stop the upward trend, at least for now.

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