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Topic: Bitcoin - It's not a bubble, it's a boom - page 2. (Read 3351 times)

donator
Activity: 1722
Merit: 1036
October 29, 2013, 01:38:19 PM
#10
A bubble is something that pops and that's it.

Bitcoin's resurrection from 2011 abyss was a proof that it is a revolutionary technology and capable of delivering unbelievable returns to speculators who don't sell prematurely. i.e. not a bubble
full member
Activity: 154
Merit: 101
October 29, 2013, 12:06:53 PM
#9
That's right. Too many people in this community throw around "bubble" word without actually fully grasping the concept and its negative connotations. This is a crappy word mainstream media uses ad nauseam to downplay and mock Bitcoin. Don't fall for it by using it yourself.

Bitcoin IS NOT in a bubble. Massive explosive exponential growth or a boom is not synonymous with bubble.
Yeah! It has its ups and downs like all other markets. It just moves faster because its digital and global. And fucking awesome.
legendary
Activity: 3248
Merit: 1070
October 29, 2013, 08:51:12 AM
#8
just price correction, real bubble still isn't arrived
sr. member
Activity: 294
Merit: 250
October 29, 2013, 04:50:08 AM
#7
Anyone who knows anything about economics and Bitcoin knows that the whole idea of Bitcoin being a bubble is a load of bullshit, you're preaching to the choir Cheesy people in the financial sector have been doing this with the Chinese economy as well Americans in particular were trying to claim that China was a bubble despite the fact that considering they're using paper money their economy is actually being run very efficiently.

First smart reply in this thread. Smiley

Would seem the choir ain't that big unfortunately.
legendary
Activity: 1540
Merit: 1000
October 29, 2013, 04:22:03 AM
#6
Anyone who knows anything about economics and Bitcoin knows that the whole idea of Bitcoin being a bubble is a load of bullshit, you're preaching to the choir Cheesy people in the financial sector have been doing this with the Chinese economy as well Americans in particular were trying to claim that China was a bubble despite the fact that considering they're using paper money their economy is actually being run very efficiently.
full member
Activity: 127
Merit: 100
$Gangnam works hard, so you don't have to.
October 29, 2013, 02:23:10 AM
#5
Bitcoin price is still very volatile so 'bubble or boom' remains to be seen.
sr. member
Activity: 448
Merit: 250
October 28, 2013, 10:24:06 AM
#4
Yes, except for traders, everything is a bubble, because every large gain is subject to generally proportionally large correction.
sr. member
Activity: 322
Merit: 250
October 28, 2013, 10:22:31 AM
#3
That's right. Too many people in this community throw around "bubble" word without actually fully grasping the concept and its negative connotations. This is a crappy word mainstream media uses ad nauseam to downplay and mock Bitcoin. Don't fall for it by using it yourself.

Bitcoin IS NOT in a bubble. Massive explosive exponential growth or a boom is not synonymous with bubble.

Its not in bubble but its coming.....
full member
Activity: 130
Merit: 100
October 28, 2013, 09:57:37 AM
#2
Proof of this is the very minor (in bitcoin terms) correction from $205 to $160. We have seen bubbles and when they pop it's much more than -30%.
sr. member
Activity: 294
Merit: 250
October 28, 2013, 06:55:58 AM
#1
That's right. Too many people in this community throw around "bubble" word without actually fully grasping the concept and its negative connotations. This is a crappy word mainstream media uses ad nauseam to downplay and mock Bitcoin. Don't fall for it by using it yourself.

Bitcoin IS NOT in a bubble. Massive explosive exponential growth or a boom is not synonymous with bubble.
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