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Topic: Bitcoin is a bubble. (Read 9760 times)

full member
Activity: 1110
Merit: 104
January 13, 2021, 06:33:25 PM
#53
apparently bitcoin has been said to have been a bubble since 2011, wow of course this makes me surprised, because I have only been in the crypto currency world since 2017 and in 2018 I heard that bitcoin is a bubble, if indeed bitcoon has been a bubble for a long time, then what about now?
legendary
Activity: 4158
Merit: 4811
You're never too old to think young.
January 13, 2021, 11:21:01 AM
#52
newbie
Activity: 1
Merit: 0
January 13, 2021, 09:20:41 AM
#51
Yes, bitcoin is a bubble.

Bitcoin's bubble will pop. Not once, but many times; over tens of years, leading to bigger bubbles.

Hope you still have your coins.
hero member
Activity: 493
Merit: 500
June 16, 2011, 08:32:59 AM
#50
You seem to completely ignore the fact that you'd have to buy the others' coins as well.
Yes, in fact there's no need to start with coins - just buy out the for sale coins until you reach your target price.  The cash outlay is the same either way.  Of course raising the price doesn't make you a profit - to make a profit you'll have to keep the price higher than the average you paid while you sell them all.  That's always the hard part. Smiley
member
Activity: 70
Merit: 10
June 16, 2011, 08:19:36 AM
#49
Suppose I have 50k BTCs, I can register around 100 accounts on Mt Gox and distribute all my Bitcoins into these accounts and then I trade with myself from one account to other, every trade with a higher price. By this operations, I can easily drive up the price to whatever I want to drive.

You seem to completely ignore the fact that you'd have to buy the others' coins as well.
hero member
Activity: 699
Merit: 500
Your Minion
June 12, 2011, 08:39:04 AM
#47
Here we go again...
newbie
Activity: 59
Merit: 0
June 12, 2011, 08:17:27 AM
#46
Someone should research everything that's been called a bubble when it started and figure out how many of those things actually turned out to be bubbles. I'd kick in a few bitcents if someone put a bounty on this.

I doubt there´s an exact, indisputable way of determine what is and what is not a bubble(except in hindsight). But this might be a good start in terms of what indicators are concerned:
http://www.ritholtz.com/blog/2011/06/how-to-spot-a-bubble-in-real-time/
member
Activity: 84
Merit: 10
June 12, 2011, 07:57:52 AM
#45
What shall I say, the bubble is blowing again or people start to buy?
member
Activity: 84
Merit: 10
June 11, 2011, 09:43:42 PM
#44
Now it seems the case of skyrocketing price is what I predicted.
full member
Activity: 210
Merit: 100
June 08, 2011, 09:29:59 PM
#43
member
Activity: 84
Merit: 10
member
Activity: 84
Merit: 10
June 08, 2011, 08:55:32 PM
#41
 [FAQ] Is BitCoin a Ponzi or pyramid scheme? (Newbie-Friendly)
http://forum.bitcoin.org/index.php?topic=7815.0
sr. member
Activity: 348
Merit: 250
June 08, 2011, 07:28:00 AM
#40

That's untrue. A commodity that's rallying without a plausible change in fundamentals is a bubble, and it can be identified as such by anyone qualified to analyse the fundamentals; most of the time this means disproving the cause claimed by the bulls ("paradigm shift", "technological marvel", "unique opportunity", "limited supply" etc.)


Is going from being a niche hacker-project to mainstream news not a paradigm shift?  Someone else mentioned Microsoft.  I think this is a very similar situation.  Microsoft's value went up dramatically as computers changed from being a device used only by a small minority to basically everyone.  It makes sense to me that bitcoin value will go up as they go from being a niche product to mainstream.
jed
full member
Activity: 182
Merit: 107
Jed McCaleb
June 08, 2011, 06:57:45 AM
#39
unk: there are a lot of people that have withdrawn this much from mtgox. Ask the big miners if you want someone other than me to confirm that.

I'd say the reason for the price rise is pretty simple; a lot more people into bitcoin and a lot easier ways to get money into mtgox. So I think it is only a bubble if the userbase is a bubble. 
full member
Activity: 210
Merit: 100
June 08, 2011, 12:41:30 AM
#38

Dude sell us some puts https://bitoption.org/?closedate=2011-07-28
That's the best way to increase credibility of your posts.
member
Activity: 84
Merit: 10
June 08, 2011, 12:38:52 AM
#37
member
Activity: 98
Merit: 10
June 08, 2011, 12:14:26 AM
#36
A bitcoin bubble has popped every week for the last month.
sr. member
Activity: 294
Merit: 252
Firstbits: 1duzy
June 08, 2011, 12:03:06 AM
#35
Nobody agree with me?

Lots of people agree with you. They all start their own threads which are almost exactly the same as this one.

(I don't agree with you.)
member
Activity: 84
Merit: 10
June 07, 2011, 11:45:27 PM
#34
So are we all guilty of a Pump & Dump?
http://forum.bitcoin.org/index.php?topic=12553.0

The $1000 Bitcoin, yes it's worth at least that.
http://forum.bitcoin.org/index.php?topic=8248.0

Is the recent fast increase of bitcoin value a bubble waiting to burst?
http://forum.bitcoin.org/index.php?topic=6879.0

Speculating on future prices
http://forum.bitcoin.org/index.php?topic=12650.0

Anyone else here went through the Dot Com bubble in 1999? It is the same thing.
http://forum.bitcoin.org/index.php?topic=13243.0

How to survive a bubble
http://forum.bitcoin.org/index.php?topic=6332.0
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