Bitcoin is a bubble. | Bitcointalksearch.org

kesmex

full member

Activity: 1110

Merit: 104

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?

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

jdpy19

newbie

Activity: 1

Merit: 0

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.

Klestin

hero member

Activity: 493

Merit: 500

Quote from: MikesMechanix on June 16, 2011, 08:19:36 AM

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.

MikesMechanix

member

Activity: 70

Merit: 10

Quote from: gongcheng on June 06, 2011, 09:22:36 PM

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.

gongcheng

member

Activity: 84

Merit: 10

http://forum.bitcoin.org/index.php?topic=17787.msg226502#msg226502

SlaveInDebt

hero member

Activity: 699

Merit: 500

Your Minion

Here we go again...

Gandlaf

newbie

Activity: 59

Merit: 0

Quote from: DATA COMMANDER on June 06, 2011, 09:29:13 PM

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/

gongcheng

member

Activity: 84

Merit: 10

What shall I say, the bubble is blowing again or people start to buy?

gongcheng

member

Activity: 84

Merit: 10

Now it seems the case of skyrocketing price is what I predicted.

Grant

full member

Activity: 210

Merit: 100

gongcheng

member

Activity: 84

Merit: 10

Bubble and crashes
http://forum.bitcoin.org/index.php?topic=249.0

Bitcoin gonna burst?
http://forum.bitcoin.org/index.php?topic=12414.0

Geeks and Wallstreet
http://forum.bitcoin.org/index.php?topic=13502.0

gongcheng

member

Activity: 84

Merit: 10

[FAQ] Is BitCoin a Ponzi or pyramid scheme? (Newbie-Friendly)
http://forum.bitcoin.org/index.php?topic=7815.0

chiropteran

sr. member

Activity: 348

Merit: 250

Quote from: BubbleBoy on June 07, 2011, 07:07:21 AM

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

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.

Grant

full member

Activity: 210

Merit: 100

Quote from: gongcheng on June 08, 2011, 12:38:52 AM

bubble imminent
http://forum.bitcoin.org/index.php?topic=3396.0

Article: the Bitcoin Bubble
http://forum.bitcoin.org/index.php?topic=6659.0
http://ploum.net/post/bitcoin-bubble

How is the current market state NOT a bubble?
http://forum.bitcoin.org/index.php?topic=8196.0

Bitcoin price increases are just getting started
http://forum.bitcoin.org/?topic=7985.0

Is MtGox inflating the bubble?
http://forum.bitcoin.org/index.php?topic=13214.0

Dude sell us some puts https://bitoption.org/?closedate=2011-07-28
That's the best way to increase credibility of your posts.

gongcheng

member

Activity: 84

Merit: 10

bubble imminent
http://forum.bitcoin.org/index.php?topic=3396.0

Article: the Bitcoin Bubble
http://forum.bitcoin.org/index.php?topic=6659.0
http://ploum.net/post/bitcoin-bubble

How is the current market state NOT a bubble?
http://forum.bitcoin.org/index.php?topic=8196.0

Bitcoin price increases are just getting started
http://forum.bitcoin.org/?topic=7985.0

Is MtGox inflating the bubble?
http://forum.bitcoin.org/index.php?topic=13214.0

charliesheen

member

Activity: 98

Merit: 10

A bitcoin bubble has popped every week for the last month.

Insti

sr. member

Activity: 294

Merit: 252

Firstbits: 1duzy

Quote from: gongcheng on June 07, 2011, 06:09:02 AM

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.)

gongcheng

member

Activity: 84

Merit: 10

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

Topic: Bitcoin is a bubble. (Read 9772 times)