Topic: BITCOIN IS NOT BUBBLE!! - page 14. (Read 1506 times)

I also dont believe that bitcoin is a bubble, we all know that bitcoin is in bear market now therefore there will be time for bull market also. We dont have to worry because there are a lot of bitcoin supporters. Saying that bitcoin is a bubble is just a rumors made by the people who hates bitcoin or made by the people who feel envy to the people who gained a lot of profit. So lets just continue supporting bitcoin and help it recover.

I don't believe it is a bubble. If it was it should have popped up and gone years after its struggle with its haters. There are so many people who have nothing to do with one self except for being critques of bitcoin. They spread fear which I think wad really unnecessary. They would want it banned. And so many other things that could have destroyed bitcoin. And yet none was successful in pulling out bitcoin from its current position among all coins. If it  is indeed a bubble then let us respect their ideas. Let them blow the bubbles they say and let us see how they could destroy it. That is if they could. In their dreams!

I first discovered bitcoin way back 2016. That time btc’s price was only $500-600. A lot of experts said it was a bubble. Now, 1 btc is already $6500K  many experts said again it was a big bubble.

First of all, you take as a given something that isn't a given. "If something is scarce and many people want it, then, its value will eventually increase." I don't see a reason many people will eventually want Bitcoin. You're just hoping more people in the future will want Bitcoin, but you don't know they will. Nobody knows this, nor can they even know this. The only thing we know for certain is that fewer people want Bitcoin right now than did in December when it was trading at over $19,000. If this wasn't true, you wouldn't have had a price collapse.

Second, the bold text from your OP isn't very sound. Bitcoin is not special. There is nothing about Bitcoin that gives it the ability to defy the laws of economics, but this is what you have to mean when you say it's special. Bitcoin is not a company that can lose profitability; this is true because it's not a company that produces any profit. It's just an asset, and as only an asset it is only worth what everyone decides it is. While this is true for stocks as well, the difference is that stocks represent a legal ownership of a business that produces profit, and therefore has inherent value. Bitcoin doesn't. As you say, it's not a speculative real estate scam that could collapse, but it is a speculative asset that can collapse, and I would say in some respects, has collapsed or is collapsing.

I do agree with your that bitcoin Is not having any stable price but it is good for us, when we get the chance of low price in market we should buy bitcoin so that we can save it for long time and if we see the price of bitcoin high then sell at huge profit, this phenomena in bitcoin is very natural it does happen, so we cannot call bitcoin a bubble for it. Demand of bitcoin is now increasing so I prefer holding bitcoin even if you see the price of bitcoin not very high, because increasing price is very certain in bitcoin.

Bitcoin is as strong as people who are using it. It should be as simple and easy to understand as click on a mouse button. It doesn't matter what developers are doing, though I don't think they are doing much nowadays anyway, since if people stop using Bitcoin, it will be dead instantly. In this fashion, people who have invested in Bitcoin and "put their money blindly in bitcoin" only to suffer tremendous losses are also what makes Bitcoin.

Bitcoin is not really in trouble, the price went down by a significant margin but that doesn't mean that bitcoin is in trouble that just means that the people that were investing in bitcoin without thinking about the consequences of doing so have run out of money so the ones that are in trouble are the investors that put their money blindly in bitcoin not bitcoin itself, bitcoin is still as strong as it has ever been and the developers are doing the best job they can so bitcoin remain that way, so I do not read think that we are going to reach 3000 that seems to low probably the price we are seeing right now is one of the lowest points of bitcoin.

It used to be at 19 thousand dollars, and then bla. So those people whom I don't think are experts, non the less must feel that they were right.

,,,That's right!, because some other people thought that bitcoin was a bubble and assuming that they had more knowledge regarding the ability of bitcoin even though they are lack of information or the details of crypto. I think they should better to investigate first for their info.

Bitcoin is not a bubble, it's just that he has too high a volatility. 

Five facts, according to Nasdaq, why bitcoin is not a bubble:
1. The Growing Acceptance of Bitcoin as Legal Tender
2. Increasing Merchant Adoption
3. Bitcoin Is Increasingly Acting as a Store of Wealth in Distressed Economies
4. Bitcoin Has Only Just Gone Mainstream
5. Bitcoin’s Supply Is Limited

well everything that has make a huge price that wasnt really truthful is a bubble if we speaks about reality..imagine how huge bitcoin price did last December 2017 and now here is the outcome,when the market having its corrections the price suddenly drops means this is the true price..so we holders must wait for another months or years to feel again our profits because this cant be overnight movement

Usually, bubble thing was coined in bitcoin because its price is volatile and it may lead to an instant loss. The term used in bitcoin just show how does the bitcoin delicates in people. But as we can see, bitcoin is not anymore a bubble thing. It was already part of our economy. It may lose its value but not right now. I am thinking that bitcoin as a bubble because we did not see or hold it physically and we don't really knows what will be our future in bitcoin.

What they call buble here is in terms of its price. and the clarity of who makes the price soar or fall, and the fact that happens to the market is like that right now. give. I prefer to call it an asset that has very high fluctuative properties. because the daily prices are changing very much.

Traditionalists rightly call the bitcoin price a bubble with the following reasoning:

1. A bubble is when the price is driven by irrational exuberance to levels way beyond it's fundamental value.
2. Bitcoin does not have value that could be determined with any of the economic models
3. Ergo, any price for BTC is representing a bubble

The problem, of course, is whether a fundamental value can be assigned to bitcoin to begin with. Very few people take the effort to define how such fundamental value could be determined, let alone base it on sound economic reasoning.

Another theory looks at the economic benefit which can be derived from BTC. These models take into account the utility of BTC together with it's supply and value chain integration. According to this, BTC should be priced at about USD 1000 at the moment. Using this view, BTC can be seens once again to be in bubble territory.

Given the fact, that there is no consensus view on what the fundamental value of BTC is supposed to be, in any discussion about whether BTC is a bubble or not, any position is equally valid.

I dont think the bitcoin is bubble either.Yes bitcoin now  became more stable. The reasons why bitcoin so volatile cause the value of bitcoin mostly based on speculation and nothing backed bitcoin value so i do think there is something negatif about bitcoin.

This is true that bitcoin is not bubble but the other thing is true that bitcoin is not stable currency, price of bitcoin use to rise and fall often, with market demand bitcoin increase and decrease but it never get stable price. At the start of bitcoin people were saying that bitcoin is only a bubble that will bust very soon but that day never come infect people now accept the reality and the benefits of bitcoin very well.

Could you explain to us, non-economists, what Bitcoin is or what it is trying to do, in simple terms? As I see it, Bitcoin is used as a speculative asset, whether you like it or not. It doesn't matter if Satoshi envisioned it differently because you have to face the reality in which people primarily run Bitcoin as a vehicle for speculation. In other words, Bitcoin is what it is used as or for. If you want to say that it should be used as a means of exchange, I'm okay with that.

But then its price should be in single digits.

I don't consider bitcoin a bubble. Bitcoin has another fundamental Foundation and has a promising future.There is a growing demand for it from users and investors. In some well-developed countries, it is recognized as a legal tender.The demand for digital currency is growing. In States where the economy is very weak bitcoin Is an alternative means of payment. Used for savings.This leads to economic growth.Everywhere there is an economic crisis, the demand for bitcoin is growing.

Really bitcoin is not a bubble , the popularity bitcoin is through its team achievement ,people adopt bitcoin because they trust that bitcoin can do good things to the end user, the bitcoin grow very fast ,and huge , others think it is a bubble after some time it burst and gone away ,but the true is the bitcoin stand up strong and rise to the top of the market index.

Yeah,you are right.It is not controlled by anyone like banks or government so it is not going to be a bubble but we are using bitcoin for money making not for its technology or others.So it might turns out to be a bubble if people do this for too long.
But this is a new technolofy people don't have any knowledge about it so they trust the rumors created by the bitcoin haters.