Topic: BITCOIN: This Bubble is Different (Read 702 times)
Bitcoin Bubble is large and it's increasing with passing time yet the Bitcoin bubble is different as it has an international cloud surrounding it.
Also, how exactly is Bitcoin a "scam"? Because the $ equivalent goes down? Or because 3rd party exchanges are manipulating certain aspects of their numbers? Neither of these things makes Bitcoin a scam. Bitcoin offers no promises relating to $ value, nor is it connected to any central department or company. It's decentralized by design. Bitcoin never said it would be worth $1, $100, $1,000 or $1 million.
It's a decentralized digital currency, that offers insanely fast and cheap ways of sending any amount of said currency around the world in seconds to anyone, regardless of their nationality, race or religion. What's the scam exactly?
It's a decentralized digital currency, that offers insanely fast and cheap ways of sending any amount of said currency around the world in seconds to anyone, regardless of their nationality, race or religion. What's the scam exactly?
I don’t think it is a bubble at all. The prices are here to stay or keep rising
OP is trying to make a point that bitcoin bubble is different from other bubbles because it's global.
I know for a fact that bitcoin is not a bubble. It has periods where it goes into speculative bubbles but it has its stable growing value that is based on on simple supply and demand.
There's adoption and infrastructures being built on top. With every upgrade like segwit LN and with every new software and hardware wallet it becomes stronger and more popular and with it more valuable! Bubbles burst but they always find its bottom and you could see one being tested earlier this year.
I know for a fact that bitcoin is not a bubble. It has periods where it goes into speculative bubbles but it has its stable growing value that is based on on simple supply and demand.
There's adoption and infrastructures being built on top. With every upgrade like segwit LN and with every new software and hardware wallet it becomes stronger and more popular and with it more valuable! Bubbles burst but they always find its bottom and you could see one being tested earlier this year.
Bubble is something that can burst and disappear from the face of the earth. Bitcoin is never a bubble since is existence is much alive. Giving such logic that whatever that rise's and falls back in price is a bubble is totally wrong idea
Bitcoin bubble will continue to blow bigger and will no burst in the next two generation to come, that is what make it different from other bubble in history. Bitcoin is here to stay and I will never refer to it as a bubble because it is not bitcoin is a currency traded on so many market around the globe with decent value against other currencies.
It is not correct to speak about Bitcoin like a bubble, as bubbles burst always. As you say yourself, BTC will not do it in the nearest time. Soon, crypto will be recognized as an alternative currency.
I think this bull now id different and looks like altcoins still suffer from and some of them not grow, maybe the bitcoin will stop somehow to 10000$ this month if people will start sell after see the grow.
It's different, yes, but there were also situation where altcoins were not rising along with Bitcoin. So this is not such a new and surprising situation to me. If you say that Bitcoin might stop at 10000$ this month that means that it has to come there first. Will see if current bubble will last that long.
The statement of OP almost all about his/her speculation there are so many possible things that can happen in the market right now. You are saying it will take 20-30 years well then the value of bitcoin and some other cryptocurrencies are already gain 50% of its loss way back 2018. I assumed you are aware of this. We should just let bitcoin do its work and just believe in it.
I think this bull now id different and looks like altcoins still suffer from and some of them not grow, maybe the bitcoin will stop somehow to 10000$ this month if people will start sell after see the grow.
i hope that this new bubble leads towards the beginning of a new bull market, however it is different from the other previous ones this time the growth of bitcoin value does not drag up also the altcoin (as value)...
Bitcoin bubble will continue to blow bigger and will no burst in the next two generation to come, that is what make it different from other bubble in history. Bitcoin is here to stay and I will never refer to it as a bubble because it is not bitcoin is a currency traded on so many market around the globe with decent value against other currencies.
We've been talking about this balloon thing for years. It is not possible to understand how a similarity occurs between Bitcoin and Tulip. Bitcoin has been adopted by hundreds of thousands of people worldwide. Most of the rest of the world is looking hot. In the near future, I believe that the belief in Bitcoin will increase again.
Innovations have always been accepted. Bitcoin is just trying to bypass this first stage.
Innovations have always been accepted. Bitcoin is just trying to bypass this first stage.
the bubble will always come in no time. Just prepared it earlier so we dont miss the train to the successful and i manage to get some it on time. What i can tell that no one will know when it will come but this time it is the time for bull to come.
Bitcoin will certainly evolve and also crypto and from any perspective btc cannot considered as a bubble because the current price dip won't last long because we all saw how bitcoin rose in 2017 from Zero price and why it cannot happen again when its price is $3,422 at the moment so possibility is much higher
Dot com boom was a bubble and amazon was just a shite website selling books. Ecommerce didn't disappear, it evolved and so did amazon. Crypto will also evolve, and bitcoin will rise again just like amazon
I've lived through a few bubbles in my time. The first was Dot Com, where I didn't know what was happening but I learned what a bubble was.
The Irish property bubble which burst around 2007/08 with the financial crisis was the big one. From having seen the Dot Com bubble burst my spidey sense started tingling round 2005/6, I was thinking "Hmm, this all seems a bit familiar".
I was right in the middle of that one, lots of people round my age got caught up in it.
So when crypto came along it was like history repeating to me. The similarities were stark.
However, there are also opportunities to be had during the crash.
There is the saying that "the time to buy is when there is blood running in the streets."
I'm sure you could have picked up lots of good tech stocks for pennies back in 2001/2002. However there were a lot of shit stocks that were worth nothing then and still worth nothing now.
The Irish property bubble which burst around 2007/08 with the financial crisis was the big one. From having seen the Dot Com bubble burst my spidey sense started tingling round 2005/6, I was thinking "Hmm, this all seems a bit familiar".
I was right in the middle of that one, lots of people round my age got caught up in it.
So when crypto came along it was like history repeating to me. The similarities were stark.
However, there are also opportunities to be had during the crash.
There is the saying that "the time to buy is when there is blood running in the streets."
I'm sure you could have picked up lots of good tech stocks for pennies back in 2001/2002. However there were a lot of shit stocks that were worth nothing then and still worth nothing now.
I going to keep my Bitcoins and the altcoins I havn't sold already. This Bitcoin charts don't look like it finish its corrections. But I still think people will start buy back into bitcoins when the FIAT debt Bubble bursting for real, if that take a few more months or it will take a few years, are not easy to predict but it will happen and then Bitcoins will be a good thing to have in your profolie.
I read in the article and a video that it is a bubble. Even Warren Buffet consider it as a bubble. Immature people and even kids who don't understand economics enters in the trading of bitcoins. And easy to buy platforms helped it touch high. But once the selling started, the buyers were limited and collapsed rapidly from the peak within few months. Chek out this http://www.cuttingchai.info/reasons-to-not-invest-in-bitcoin/ and watch the video https://www.youtube.com/watch?v=EUPn2rZhD00
http://www.cuttingchai.info/reasons-to-not-invest-in-bitcoin/">5 REASONS WHY YOU SHOULD NOT TRADE BITCOINS IN 2018
http://www.cuttingchai.info/reasons-to-not-invest-in-bitcoin/">5 REASONS WHY YOU SHOULD NOT TRADE BITCOINS IN 2018
Many well known and smart people were calling the Internet a bubble. Many smart people predicted we would never switch from horse carriages to cars because cars are loud, slow, smelly, expensive, difficult to operate. Most of these people who are now calling bitcoin a bubble were saying the same thing in 2015.
It's just something worth thinking about.
Bubble or not, bullish and bearish periods are cyclical, even if sometines some trends (current bearish trend) don't seem to ever finish.
I've been in this since the drop at 233. Watched it go up to 1k, drop, watch it go to 20k, and drop again. Cycle continues, but emotions tell you that it shouldn't.
I've been in this since the drop at 233. Watched it go up to 1k, drop, watch it go to 20k, and drop again. Cycle continues, but emotions tell you that it shouldn't.
Bubbles are quite common in human history, whether they be tulips, south-sea, Mississippi, the 1929 stock-market, the 1978 gold mania, thoughout human history there have been bubbles.
A tell-tale of the bubble, is the parabolic rise, 20X in one year like BTC 2017 is a parabolic rise, one thing with all parabolic rises in human-history, they always come down.
The only mania that came back ( even for a short time ) was south-sea bubble, it was a dead-cat bounce, that even wiped out sir isaac newton, so it shows you have its not just idiot that venture back into a collapsed bubble,
But one clear pattern of bubble collapses, is the time to return, now with tulip, south-sea, Mississippi they never really came back, but the stock market post 1929 did come back, but it took 30 years, and the gold collapse post 1978-1982 bubble did come back, but it took 20 years.
On average it take 1-1/2 generations for people to forget they got wiped out ( 90% loss, or even 100% loss ), this is the nature of bubbles post collapse.
Today BITCOIN has collapsed down 90% year-2-date, and still dropping like a rock from a hot-air balloon.
The pump&dumpers say many things, ... it will come back, this bubble is different, BTC is not the stock-market or gold
Well BTC is just another time-series of data that can be statistically measured just like all others, whether it be rail-roads from the 1800's, or air-transportation from the 1960's bubbles are bubbles, and they always come back to earth. The question is do they return? and when do they return.
BTC is NOT valuable in and of itself, its only as good as its 'brand', thus BTC is much like the south-sea bubble, or Mississippi bubble those bubbles were largely inflated by fake-fiat, ,not unlike BTC today.
The other problem with BTC is that its easily duplicated, say now there are 2100 clones, and it appears another 100 added every month, as any idiot can copy&paste source, and add another clone; Anybody can fork BITCOIN and promote it, just like BITCOIN-GOLD which was sold for $500 before it was even forked in Russian futures.
BITCOIN was/is an INTERNATIONAL bubble, which is quite different than any bubble we have seen before, no bubble in the past has been on the INTERNATIONAL scale. The entire world speculated in BITCOIN in 2017, which is why it was able to rise to such a huge capitilization.
The problem now is there are 1,000's of lawsuits pending all over the world, because some +$500 BILLION was lost, some speculate over $800 Billion. Gone evaporated, which means millions of people lost their lost savings, they are angry, they are mad, and they will seek restitution.
A student of south-sea bubble, or Mississippi should know that post bubble many promoters were murdered and sent to jail. These kinds of bubbles never end well for those who promote them, e.g. pump&dump as seen here on bitcointalk.org
In summary, even if BITCOIN does come back, it will take anywhere between 20-30 years, over a generation for people to forget their loss. Certainly bitcoin will bump along, and have some value, but the speculative bubble we witnessed will not return, as never before in history, has a bubble came back in a short time period, and that's for the good-stuff.
A price of something is only as valuable as people will pay, the RISE of BITCOIN was largely the FED-FIAT post 2008, some $4 trillion USD were dumped on the world, and obviously $1T made its way to BTC, most likely the QE is over, which means that there is no source to re-inflate BITCOIN in the near future.
Most are aware that we're in a depression since 2008, and the future is dire for the USD, typically when the economy's of the world go to shit people invest in real assets, BITCOIN at best is a transactional currency, a holding-tank to transfer money A to B. Holding BITCOIN has 50/50 chance of total loss of capital, thus during a world depression people will not be parking their wealth in BITCOIN, but if millions use it day-2-day to move wealth around, the price will stabilize to some value ( IMHO around $1400 USD )
A tell-tale of the bubble, is the parabolic rise, 20X in one year like BTC 2017 is a parabolic rise, one thing with all parabolic rises in human-history, they always come down.
The only mania that came back ( even for a short time ) was south-sea bubble, it was a dead-cat bounce, that even wiped out sir isaac newton, so it shows you have its not just idiot that venture back into a collapsed bubble,
But one clear pattern of bubble collapses, is the time to return, now with tulip, south-sea, Mississippi they never really came back, but the stock market post 1929 did come back, but it took 30 years, and the gold collapse post 1978-1982 bubble did come back, but it took 20 years.
On average it take 1-1/2 generations for people to forget they got wiped out ( 90% loss, or even 100% loss ), this is the nature of bubbles post collapse.
Today BITCOIN has collapsed down 90% year-2-date, and still dropping like a rock from a hot-air balloon.
The pump&dumpers say many things, ... it will come back, this bubble is different, BTC is not the stock-market or gold
Well BTC is just another time-series of data that can be statistically measured just like all others, whether it be rail-roads from the 1800's, or air-transportation from the 1960's bubbles are bubbles, and they always come back to earth. The question is do they return? and when do they return.
BTC is NOT valuable in and of itself, its only as good as its 'brand', thus BTC is much like the south-sea bubble, or Mississippi bubble those bubbles were largely inflated by fake-fiat, ,not unlike BTC today.
The other problem with BTC is that its easily duplicated, say now there are 2100 clones, and it appears another 100 added every month, as any idiot can copy&paste source, and add another clone; Anybody can fork BITCOIN and promote it, just like BITCOIN-GOLD which was sold for $500 before it was even forked in Russian futures.
BITCOIN was/is an INTERNATIONAL bubble, which is quite different than any bubble we have seen before, no bubble in the past has been on the INTERNATIONAL scale. The entire world speculated in BITCOIN in 2017, which is why it was able to rise to such a huge capitilization.
The problem now is there are 1,000's of lawsuits pending all over the world, because some +$500 BILLION was lost, some speculate over $800 Billion. Gone evaporated, which means millions of people lost their lost savings, they are angry, they are mad, and they will seek restitution.
A student of south-sea bubble, or Mississippi should know that post bubble many promoters were murdered and sent to jail. These kinds of bubbles never end well for those who promote them, e.g. pump&dump as seen here on bitcointalk.org
In summary, even if BITCOIN does come back, it will take anywhere between 20-30 years, over a generation for people to forget their loss. Certainly bitcoin will bump along, and have some value, but the speculative bubble we witnessed will not return, as never before in history, has a bubble came back in a short time period, and that's for the good-stuff.
A price of something is only as valuable as people will pay, the RISE of BITCOIN was largely the FED-FIAT post 2008, some $4 trillion USD were dumped on the world, and obviously $1T made its way to BTC, most likely the QE is over, which means that there is no source to re-inflate BITCOIN in the near future.
Most are aware that we're in a depression since 2008, and the future is dire for the USD, typically when the economy's of the world go to shit people invest in real assets, BITCOIN at best is a transactional currency, a holding-tank to transfer money A to B. Holding BITCOIN has 50/50 chance of total loss of capital, thus during a world depression people will not be parking their wealth in BITCOIN, but if millions use it day-2-day to move wealth around, the price will stabilize to some value ( IMHO around $1400 USD )
I read in the article and a video that it is a bubble. Even Warren Buffet consider it as a bubble. Immature people and even kids who don't understand economics enters in the trading of bitcoins. And easy to buy platforms helped it touch high. But once the selling started, the buyers were limited and collapsed rapidly from the peak within few months. Chek out this http://www.cuttingchai.info/reasons-to-not-invest-in-bitcoin/ and watch the video https://www.youtube.com/watch?v=EUPn2rZhD00
http://www.cuttingchai.info/reasons-to-not-invest-in-bitcoin/">5 REASONS WHY YOU SHOULD NOT TRADE BITCOINS IN 2018
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