Topic: BITCOIN IS NOT BUBBLE!! - page 12. (Read 1503 times)

who says that bitcoin is a bubble, yes bitcoin hits a market last year with a good value and suddenly it drops but doesnt mean it is a bubble until now the price is good enough for the people who still believe in bitcoin.

Those who   said that  bitcoin   is a bubble, they  are the  critics of  bitcoin that  if had  a chance  they will  spread negative  news to  discourage  people out of it.

it's because they do not understand bitcoin and have never seen the history of bitcoin trip before, so they can only guess and predict that this is a bubble.

Definitely it is, but some individuals really think that it is just a bubble and it could burst anytime. We know that they don't have any concrete ideas that proves it was like that,  only they are just seen the up and down price which mean for them a bubble.

that's right, the change in bitcoin value is not a bubble. bitcoin is a very popular crypto currency that many changes and profits will come in many people's economy. so many people buy it, and sell it when needed. and now the bitcoin increase is still ongoing, but there are no signs that this is a bubble.

Well, Bitcoin is not a bubble but we should not blame the people who are saying it because it is something that is happening for the first time in the history of mankind. They (even some of us) cannot digest the rate of growth of Bitcoin and crypto industry. On the other hand, there are the people who are using it to execute their scams and it is damaging the overall goodwill of Bitcoin because most of the people don't know what Bitcoin is all about and how it works. It will take at least a decade for most of the people to understand the core concept of cryptocurrencies.

That probably happened, but we also need to recognize the difference between some tulips and bitcoin, tulips besides being beautiful never had any kind of use, second they could never be a store of value because tulips are a plant and we know that plants eventually die, that is why a store of value needs to be something like gold which is very resistant in fact that is one of the characteristics of money, bitcoin in the other hand has some utility as a currency, it is not the best currency around the world because the fees are high and the confirmations are slow but the fact that you can send money all over the world and store it in a wallet that only belongs to you and no one else is a valuable service.

It's not a bubble there was just a FUD because of that people got panic and sold their coins at a loss. And because of that, it was crashing but now its stable.

None of these explains why Bitcoin can't be a bubble.

1. Legal exchange facility. What does this even mean? It's either an incomplete thought, or perhaps a misnomer of something that may actually exist, but either those words don't disprove the Bitcoin bubble claim.

2. Popularity. Something being popular doesn't mean it's not a bubble. In fact, it's more likely that because something increases in popularity quickly it is a bubble. Bitcoin certainly fits this as people rush in trying to make easy money. Bitcoin's popularity is owed to the mania around people trying to get rich quick. That's prime bubble territory. Nobody can be certain right now that Bitcoin's popularity isn't a fad. You're speculating it's not, which is why buying Bitcoin is more speculating than investing.

3. Demand from commercial structures. Lol, please. There's virtually no commercial demand for a Bitcoin as an alternative to the dollar. Institutionally, something like Ripple is far more likely to eventually be used than Bitcoin for business purposes in the financial sector. That's not to say there won't eventually be commercial demand, but there certainly isn't now and therefore certainly no proof this isn't a bubble.

4. Limited supply. Plenty of things have a limited supply, but if they suddenly shot up in price because of mass delusional mania, they would be a bubble too. Limited supply doesn't mean something isn't a bubble.

5. Preservation of wealth in troubled economies. "In troubled economies" is the operative phrase here. As long as there is a stable world economic system, Bitcoin may have utility for certain emerging economies with weak and undependable local currencies. But if the US itself suffers a massive economic meltdown, Bitcoin dies in the crib because nobody is going to hold or seek a purely speculative asset when everything is falling apart. But the speculation that Bitcoin may eventually have utility in such a limited scope for emerging economies certainly doesn't prove it's not a bubble.

Yes that is very right to say,i also think that it is not a bubble, ii s in fact the actual increase in the price of bitcoin. The current increase in the price of bitcoin is due to the increasing demand of bitcoin, and i am sure that this demand will continue for a long time, because still bitcoin is trading in a low price and there are much more possibility of its increase.

This could be a fluence of governments and rich guys, who does not want for regular people to be wealthy and free with help of bitcoin, so it good for them to decieve us.

Bitcoin is not a flower. I am sure nobody meant the literal meaning but if someone did, he must be out of his mind at that time. Bitcoin is a beautiful creation like tulip flower which has filled the lives of its holder with fragrance and happiness. Only this is common between two. Bitcoin has a whole different function and it is a digital currency which help a person financially, tulip can’t.

People should learn what a bubble actually is. Bitcoin's market operating in bubble territory doesn't mean it will completely vanish when the bubble deflates. Markets all go through a bubble stage every couple of years, which is completely normal. The standards however are the main difference here -- where traditional markets usually need an increase of 40-50% to be considered a bubble, Bitcoin with its consistent increases is always considered to be a bubble according to the transitional standards. From that perspective it's pretty understandable, but when you look at how new this market still is, and understand what even a few billion of capital entering this market can do, there is no real bubble. I consider it to be progress....

I have no doubt that during the Dutch tulip mania, people were calling tulips a "store of value".

The price of bitcoin is what it becomes a bubble, but bitcoin in itself is not a bubble you just have to look at the great things that bitcoin does, bitcoin allow to us to send money all over the world without any interference by a third party by paying a decent fee, and that is not a small thing in fact that is huge just look at inefficient services like Western Union they charge you a fortune to send your payments to other parts of the world, not only that you require an identification in order to claim your money while in bitcoin this is not the case if I send you money with bitcoin you do not need the permission of anyone else or to identify yourself.

Nothing in your list is a decisive factor which would prevent Bitcoin from being or turning into a bubble. Some of them are factors which can be said as preventive to a degree but none is enough and sufficient. On the other hand, the potential demand for it, for example, actually contributes to Bitcoin turning or having turned into a bubble given the lack of real adoption and use. When these halt or just lack while the price grows, it is a sure sign of a growing bubble.

Certainly, it is not a bubble as it has been in existence for 8 years now. A bubble cannot exist for so long and they usually run away with money in months.

Bitcoin is a cryptocurrency discovery that will change the future. Those who claim to be balloons are usually those who are harmless by ignorant, ignorant, or amateur investing. Since they can not accept their own ignorance or mistakes, they are guiding the other way by giving the example of a balloon. Also, those who think that it is a balloon will be better off just watching the market without investing instead of talking blankly.

"Bitcoins are not a currency provided with something. This commodity (commodity - Ed.) Is rarely like baseball cards, stamps, gold or oil," explains Sean Townsend.

Bitcoin course is very unstable. For example, even the rumor of the "evil" bitcoin system can cost a few hundred dollars - people will hurry to get rid of the currency.

The more people find out about bitcoins, the greater the demand for it. For example, one Prague investigator, Ladislav Kristikuuk, found that the more people "coughed" information about bitcoins, the higher his course.

Also, this is promoted by "Pampers" - experienced players on the exchange, which have a lot of bitcoins. As soon as they see that interest in the currency is falling, then they begin to buy Bitcoins. So they create a visibility of interest in criminals. Newbies start to panic and buy bitininks too. When the course reaches its peak, "Pampers" begin to drop and sell their bitcoins. On June 9, the bitcoin rate is $ 2,822.

Therefore, to consider Bitkhin bubble Ibb did not become. Although anyone who does not understand well on this issue may have such thoughts.

Many people compare bitcoins to tulips of Holland in seventeenth Century. This is quite different. It's ridiculous. Bitcoin has a strong community support, and tulip can only be passed between the Royal aristocracy, block chain technology can change many industries, and tulips can not change anything, I think bitcoin has no bubble.