Topic: Bitcoin: The World’s Most Dramatic Bubble Ever? - page 2. (Read 780 times)

I too think it's a big ass bubble that is going to pop soon. What do you think the real value of 1 Bitcoin is though? I would say $1000 or slightly more of whatever it costs to mine 1 coin in electricity bills. I don't mine so I am not up to speed on that one. And in my opinion Bitcoin has zero utility as of now. The real utility is in the Blockchain technology and it has a price tag of $0 because it's essentially free. Bitcoin can come and go at any time but the Blockchain tech is here to stay.

Well even if it is, it is an invention, and even when this bubble pops, there will be no undoing of that invention, the blockchain, the crypto currency, that is not a bubble. It will keep going forward, with or without bitcoin.

There is an interesting article about crypto J-curve, boom and bust cycles. Going through the history, it is evident that Bitcoin already has been through a few boom-bust cycles and a few more will come. Bitcoin's valuation depends on current utility value (CUV) and discounted expected utility value (DEUV). Bitcoin is going through a phase where DEUV outweighs CUV. Rather than deriving value from its current utility, it is more speculative and when speculators bolt for the exist, DEUV drops, and lack of CUV results in a correction. But then as the CUV of Bitcoin increases, the DEUV expands once again, another bull run followed by a correction. The pattern would play out until there is an equilibrium between CUV and DEUV, both of them expanding in tandem.


https://medium.com/@cburniske/the-crypto-j-curve-be5fdddafa26

I hope you do not want to sow panic among users of this forum? If you're worried that this is another bubble, then do not mess with it. Even during soap bubbles there are winners and there are losers.

Agree, I usually seeing this moment like a discount time for bitcoin. And the percentage of its decrease was also a percentge of its discount. You'll never knew when it comes and you'll never knew when it is over. So far, holding bitcoin for long term still a wise strategy, but if you're an expert in trading, you should sell it when its on a peak, and wait for next bottom to buy back.

You don't know that it is a bubble, until it bursts,
I think this statement applies to most people who are calling Bitcoin a bubble
Bubble = Rally I missed.

Of course it is a bubble because it is super trendy now and everbody wants to catch the hypetrain to sell higher later. But the real value of bitcoin is made when there are no speculators anymore and only users then we will see what supply and demand do to the price. Could be higher than now, could be massively lower than now.. only future will tell

Because bitcoin is an artificial product. He is in no way reinforced, he is controlled by 6-7 people. I think it will soon be moved more promising crypto-currencies.

it is a bubble. but what you got to realise is that the housing bubble also had technology and infrastructure, businesses built on top of it.
a bubble is not about vapourware that vanishes into zero value once people realise its valueless.. a bubble is about something real that expands above its natural level based on alot of hot air(speculation).

this means that there is a natural level of value.. and the speculation ontop is the empty expanse that can burst.

with all speculation on assets there will always be a expansion of the price based on pure idiotic speculation/value over pricing.
and when it bursts it doesnt go to zero it just drops to a natural more realistic value, these natural realistic values are found on the markets by 'resistant points', values at which people will refuse to sell at because they deem the asset holds more value. some people call it 'the new low' or 'the new bottom' and yes the housing market did not drop to zero where people could buy a house for 1cent, but it definitely had a bubble and that bubble did burst.

so atleast realise that bitcoin is in a bubble. and know the real issue is that without good real utility. the natural waterline at the bottom of the bubble can decrease. which is why people should care more about the infrastructure, business and utility of bitcoin because without any of that holding the water line up, then when bubbles burst it causes more devastation to the fiat lovers who see the price crash more

Bah. Another "bitcoin is a bubble" post. Bitcoin's rise in price could be anything else, and to think that infrastructure and businesses are built on top of the tech makes me think that it's here to stay and not just other crazy bubble mania like we have had in history. If this is indeed a real bubble. the real question is when will it end and at what point? No one knows for certain, and if it's indeed a bubble, all we can do is cash out whenever we're in the green and enjoy.

I am interested on what will happen next. But I am pretty confident Bitcoin will recover from this dip. I don't know how deep it is, maybe $5000. I am willing to take a bet that bitcoin reaches $10,000 before 2018 ends. We can use reliable escrows here to mediate.

This bubble is going to burst soon, we've all seen it before! I think it will happen in November now that the fork is cancelled and the move to alts will begin

The feeling is not too bubble in technology stocks, the Holland tulip is the first, for hundreds of years, people had to buy some is the dream of hundreds of years after their children can be free of wealth. Bitcoin may be a bit different, bitcoin may have a big bubble, but I think not so fast

Sometimes I feel like it is. However, any bubble can help you make a lot of money if you're smart. So, if you feel like spending some time trying to figure it out how things work, you might end up rich and happy, you know? 

First it was tulips. More recently it was tech stocks and then the housing market. Lately, it’s all about bitcoin.

All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on what’s in store for bitcoin.