Bitcoin is a real asset, but it's in a bubble state. - page 2.

easynote

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Quote from: johnjin on November 29, 2017, 02:27:37 PM

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

Nobody will tell you the real price of Bitcoin because they have no idea what they're talking about.
The only thing to know is that Bitcoin can be bartered for pretty much anything.

justdimin

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Quote from: BCEmporium on November 29, 2017, 04:51:32 PM

Quote from: johnjin on November 29, 2017, 02:27:37 PM

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

Seems like even the CNBC doesn't understand the term "bubble" anymore... We don't know the value of Bitcoin, but it could easily be several trillion USD in market size. In that case it would be very far from being anything close to a bubble.

Will the price retract for a period of time? Probably, that's what happens most of the time in most markets after a bull run. But that doesn't make an asset a bubble, which would imply that the asset is overvalued (which with Bitcoin nobody can assess right now).

Yes, the last time I checked, something or an asset can be considered a bubble if it exceeds its intrinsic value.
Just like you have said, we do not even know the extent bitcoin is going to end up as and looking at the charts, we have not really had a very huge retraction except just some few corrections which are normal and totally show the support of the coin.

As far as I am concerned, the fact that bitcoin have limited supply, totally makes it undervalued right now compared to the number of population not yet making use of it and I would not consider the increase in value right now a bubble.

waynechong1995

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True when you see it's price doesn't reflect bitcoin's usability and real adaption among the society, not much practical usage was seen on bitcoins rather than anonymous fund transfer and exchanges heat. Lots of experts are bashing them simply on this fact, the bubble was getting bigger so still as long big corporation are sequentially announced their favor towards bitcoin as an investment assets, it wouldn't go long at least these months but that's just another bigger bubble to begone, back to 0 is unlikely but would be disastrous for late investors.

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Quote from: adzino on December 01, 2017, 05:02:49 AM

Quote from: johnjin on November 29, 2017, 02:27:37 PM

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

So only 28% of the CFOs think that the bitcoin right now is in bubble state and the rest 72% per of the people are saying the opposite? Since minority of the people are saying that it is a bubble which might burst soon, you come to a conclusion that it is a bubble?
Majority are saying that it is not a bubble, so lets trust them.

This is the internet after all. I don't have any hard data, but it does seem like 72% of the people on here don't even understand what they are saying themselves, much less what they are "investing" in.

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Quote from: johnjin on November 29, 2017, 02:27:37 PM

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

I cannot just imagine that it can be a bubble. Bitcoin has all the reasons to grow and it is growing together with altcoins. Today some guys call Ethereum a scam, and it is also not true. Crypto world is a real arena cryptos' struggle.

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Quote from: johnjin on November 29, 2017, 02:27:37 PM

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

So only 28% of the CFOs think that the bitcoin right now is in bubble state and the rest 72% per of the people are saying the opposite? Since minority of the people are saying that it is a bubble which might burst soon, you come to a conclusion that it is a bubble?
Majority are saying that it is not a bubble, so lets trust them.

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Bitcoin is an asset and as things go, a rather large asset if successful, but it seemed to be in a bubble state by rising non-stop. Users were thinking if it would ever stop rising. It was believed that with it's course and speed it could reach $15K with ease, but the rise did not last.

It's best not to be absolute with that comment that Bitcoin is in a bubble state. Were Altcoins in a bubble state too then? (rhetorical) Because it looks like all coins are effected right now.

The 30% of CFO members probably have bad experience in Bitcoin and that was their view, however they were the minority. In the end everyone has his own views and experiences on this matter. Whatever the case, Bitcoin has dipped or dumped many times but it has risen many times too.

Bitcoin will rise again and once again people will have their personal views on that too. No surprise.

KingScorpio

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Quote from: illiki23 on November 29, 2017, 04:19:17 PM

Quote from: johnjin on November 29, 2017, 02:27:37 PM

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

You do know that 27.9% is a minority??

What were the other options and what percentage of the vote did they get? It all depends on this. Without this information the 27% measure is useless.

it doesnt matter what their opinion is, the problem is a different one, they dont want to give away their privilege to print money to others.

regards

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Quote from: johnjin on November 29, 2017, 02:27:37 PM

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

27.9%? And you concluded with that statistics that bitcoin is in a bubble state when you of course know that compared to the other 72.1% that chose otherwise, and if we are to judge with that, then your topic is totally wrong. Bitcoin is an asset, it is valuable, and it is highly going to be useful more than we already have it.

It would end up being a bubble if none of these are in place and then a time would come that it would burst. In fact, it would have busted a very long time ago. Normally, we cannot dispute the fact that FOMOs would keep rushing in every now and then, but if you look at the charts and you understand what bitcoin is, you will have to start thinking otherwise.

jennyownz

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You know Bitcoin is getting big when your dad leaves you a voicemail that he heard that "Bitcoin is a bubble, and that I should be careful and maybe sell mine before it pops"
Cheesy

AgentZero23

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Bitcoin is a real asset. Many experts are saying it is now in a bubble state. But, look at the bitcoin price now it is stable and still growing. They been saying these every year still it's not gonna happen.

ilovefeetsmell

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Quote from: danherbias07 on November 29, 2017, 05:59:26 PM

Yeah out of 1000 percent. Grin

Look that is just a little percentage and some of them might have a bad history with bitcoin or others could have been just people who just wanted to raise their hands.

If it is a bubble it already exploded. This huge amount of people supporting it will not let that happen.

I think 2 out of 100 people will say bitcoin is not real and scam. The majority opinions will always win. We use these opinions to make conclusion on our own about bitcoin. They've experienced how to lose in crypto but not all people experienced those things. We have different experienced while earning bitcoin. If you want to believe those little amount of people si this is you. I don't want to intrude you or argue with you regarding that.

saeron-ssi

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Then what is 72.1% all about? This information is not useful. We can clearly see that the information went bias on the negative side of crypto.

LEXITco

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Quote from: johnjin on November 29, 2017, 02:27:37 PM

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

I hear this almost everyday. If it were a bubble, wouldn't it have crashed majorly already? I understand it did back in the day and actually yesterday, but it bounced back and is beginning to stabilize. Maybe it will pop at $1,000,000!! Cool

KryptoKai

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It is in a bubble now but will recover again afterwards. Looking at the charts it will continue to rise and fall so you just need to buy and sell at the right time. Selling now will guarantee a profit, but where should it be moved to is the question. Need to pick the right alt / ico

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Quote from: terrific on November 29, 2017, 09:34:37 PM

Mainstream are really bias, why they are looking at the low percentage of telling bitcoin is a bubble? So what does those 72.1% says? They are just trying to pull bitcoin down again so they can have a good time for entering at cheaper rates. And you know what? Bitcoin has been bubble since 2013 and these people never learn of telling it until now.

Don't go after the terms like bitcoin will die, Bitcoin high price is a bubble, sell all now if you don't want to lose etc etc.
Bitcoin is forever and if you trust this then keep collecting the bitcoin and do not be much panic by price decrease. What i have learnt in 2017, the bitcoin always comes up more stronger after the Dip, so i do not sell my coins in panic or in times when bitcoin prices are declining.

witch

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People shouted also Bubble in 2010 and in 2013. I think this bubble will only burst temporarily. Compared to future bubbles this bubble will be very small. Cheesy

haroldtee

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Quote from: sic57005 on November 29, 2017, 08:09:51 PM

Bubble? Then okay, name the real price.

LOL. What a better way to put it back. No one absolutely knows the present intrinsic value of bitcoin and the last time I checked I can decide the value I want to sell my coin based on how much you really need it. We may think the surge in price now is unwarranted, but have we considered that Bitcoin is limited in the number of coins that would be in circulation? Also the fact that Bitcoin is extremely useful more than just being an asset?

Let me make an example with Zimbabwe where bitcoin is selling even higher than the normal market price because the citizens of Zimbabwe needed it, to be able to transact internationally since the government monetary policies was not favoring international transaction and still at the price, the demand is extremely high. If I really need something and the supply is low, won't I want to be a highest bidder and be willing to pay a huge price for it? Because the value is increasing based on that, would that make it a bubble? I guess people should even understand what bubble means in the first place.

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Quote from: johnjin on November 29, 2017, 02:27:37 PM

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

I think it because they don't learn more about bitcoin so they talk like that. but if they can spend their time for just a little for learning bitcoin then I am sure that they will give another statement about bitcoin. if bitcoin is a bubble then it is not be a problem, people could still make their own money from many ways especially from trading. they will get their time to make a profit from trading and they will make more money.

terrific

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Mainstream are really bias, why they are looking at the low percentage of telling bitcoin is a bubble? So what does those 72.1% says? They are just trying to pull bitcoin down again so they can have a good time for entering at cheaper rates. And you know what? Bitcoin has been bubble since 2013 and these people never learn of telling it until now.

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