Bubbles can be a good thing, but it can also be a bad thing because even if it breaks it will not have a significant impact on global finance because of the lack of official institutional funding that goes into the world of cryptocurrency, when the first bitcoin bubble burst in 2013 at the highest bitcoin price around 1300 USD which then fell more than 50% in a short time did not have a real impact, even the price of bitcoin then fell to the range of $ 200. And now the new bubblen size is about 10x from what happened in 2013. from the existing data2 bubble bitcoin should still have the potential to become much larger again before then broke.
certainly will be many traders, speculators and even lay investors who will experience painful losses, but it can not be avoided. but the positive value that will be generated from the bubble bitcoin bubble in the near future can be a blessing in itself by removing various hyip / lending / investment platforms and the like, also giving the media a greater interest in cryptocurrency as a free promotion, and opening up the possibility of regulatory entry from the state to manage the various cryptocurrency businesses who currently operate without the legal umbrella and lack of encouragement to provide the best service to their customers.
Topic: Bubbles a good thing? (Read 454 times)
Honestly previously I was worried about the bubble and fearing it but now I understand it is a necessary thing that needs to happen, and it will humble a lot of individuals. Some will lose a lot, some will have prepared enough to take advantage, and some may lose everything. But the bottom line is that the technologies will further, and they will be discounted akin to when Amazon went from 1k to essentially nothing in the early 2000s. Ask yourself this though, where is Amazon now? Exactly, and that is how a few of these cryptos will progress, most will be left in the dust however.
for them, of course, this kind of thinking has great value to drop the bitcoin, so bitcoin does not have support, then finally called bubbles.
but such assumptions have weaknesses and does not have good basic.
if bitcoin bubbles, then bitcoin will explode and die quickly. and crypto world existence will end.
if bitcoin is a bubble, then bitcoin will easily shrink rapidly.
if bitcoin bubble, does real currency trading also bubble?
I think bitcoin is not a bubble, but bitcoin is like a place of investment in other fiat currencies.
but such assumptions have weaknesses and does not have good basic.
if bitcoin bubbles, then bitcoin will explode and die quickly. and crypto world existence will end.
if bitcoin is a bubble, then bitcoin will easily shrink rapidly.
if bitcoin bubble, does real currency trading also bubble?
I think bitcoin is not a bubble, but bitcoin is like a place of investment in other fiat currencies.
So we hear bitcoin is a bubble over and over. I was reading a book regarding bubbles and his take on them were fascinating. His argument was that the biggest leaps in innovation come through the speculation, exuberance and floods of money that bubbles produce.
Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.
We are also left with what he calls infrastructure of the mind. With all the hype and competition we see during bubbles the levels of marketing and advertising we see leave an imprint in the average consumers mind and this mental infrastructure doesn't disappear when the bubble bursts and once the pieces are picked up this is when you see the true valuable businesses appear out of the ashes!
Does this argument have any value in your opinion?
In my personal opinion, bubbles are necessary for new things. It is not necessarily bad because the bubble helps investors to believe in the future of something new. Like the internet, it really makes the world flat and connects to everyone in the world only through social networking. Although the bubble burst, there are still many good tech companies like Google, Amazon, Microsoft, etc. Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.
We are also left with what he calls infrastructure of the mind. With all the hype and competition we see during bubbles the levels of marketing and advertising we see leave an imprint in the average consumers mind and this mental infrastructure doesn't disappear when the bubble bursts and once the pieces are picked up this is when you see the true valuable businesses appear out of the ashes!
Does this argument have any value in your opinion?
bubble a good if you can buy at low price and sell at high price,you will big profit and you think it is good,but there are many people buy hight price and they have to sell at low price,they think it is very bad,it mean it good with this people and not good for that people,no thing is absolute
Bubbles are ok in financial markets and history repeats itself over the time.Bubbles burst and everyone loses big amounts no matter how much they invested in that financial tool. I always learn from my mistakes and advice others to do same.
Bubble is not a bad thing, just like you never want to drink beer without bubble.
Bubble quickly brings more talent person into blockchain and bitcoin.
without bubble or hot money, there would be less incentive to Innovative and invention.
Bubble quickly brings more talent person into blockchain and bitcoin.
without bubble or hot money, there would be less incentive to Innovative and invention.
Bubble is a good thing for peoples who join earlier and leave before bubble burst.
and bitcoin is not a bubble. You just need to wait if your coin at loss. Peoples have an equal opportunity in bitcoin.
Either you join now or later, if you patience you will get profit.
and bitcoin is not a bubble. You just need to wait if your coin at loss. Peoples have an equal opportunity in bitcoin.
Either you join now or later, if you patience you will get profit.
Bitcoin will have bull markets and bear markets, it's the simple fact.
I wouldn't say that these cycles are anything good, but it's just something natural that comes with anything that one is able to trade and speculate on freely. Bitcoin is simply a decentralized and better version of currencies and even precious metals, which has its own cycles.
Personally, I obviously don't want to see this bear market that we're seeing at the moment, but it's just something that comes with independence from the fiat system. Short term volatility is expected.
IMO, the fact that these cycles are so drastic right now proves that we're still in mainly the early adoption stage of things. Once bitcoin has enough of an adopter following, it'll be hard to see prices being so volatile.
I wouldn't say that these cycles are anything good, but it's just something natural that comes with anything that one is able to trade and speculate on freely. Bitcoin is simply a decentralized and better version of currencies and even precious metals, which has its own cycles.
Personally, I obviously don't want to see this bear market that we're seeing at the moment, but it's just something that comes with independence from the fiat system. Short term volatility is expected.
IMO, the fact that these cycles are so drastic right now proves that we're still in mainly the early adoption stage of things. Once bitcoin has enough of an adopter following, it'll be hard to see prices being so volatile.
Bubbles are good only for traders. They earn good money on them when the price of the crypto currency sharply rises, and then falls sharply for correction. Bubbles can be used at the initial stage and holders of bitcoins. Then a good ascent of bitcoin turns into the opposite and can lead to its practical depreciation when the bubble bursts.
In general, bubbles play a bad role for crypto currency, because they cause instability and general mistrust as a means of payment.
In general, bubbles play a bad role for crypto currency, because they cause instability and general mistrust as a means of payment.
Yes in my opinion , bubble is a good thing.Bubbles brings attention and investors to project. They breed innovation and champion progress. Bubble means " a good or fortune situation that is isolated from reality.
The price increases as the balloon bubble everyone wants to own.There is a high probability that bitcoin will ever burst and can depreciate.
It is a good thing to make positive changes, only knowledgeable people make the most of the bubble to create positive things for themselves.
I always follow that positive trend
I always follow that positive trend
Bitcoin bubble is made by people who buy it and hold it, instead of using it for their intended purpose as a means of payment. Because of this, there is a high probability that bitcoin will ever burst and can depreciate. Therefore, at a large price, it will represent a significant risk for investment.
I think that bubbles are neutral, it can be a good thing and a bad thing also, I mean if the price goes cheaper then people can take advantage of it since the price is cheaper you can easily buy bitcoins, then if the bubble continually rises then I think people can take advantage of it once again since the price is going higher so as your holdings rise also, so I really think for some people it is good and for some people it is a bad thing.
yes, the bubble when the price drops should we make the opportunity to make as much purchases as we can afford, not the other way when the bitcoin bubble goes down we sell the bitcoin we have at the time of purchasing the high price, which will cause us to suffer defeat, but if for new investor moment bubbles bitcoin prices go down, most of them in panic and sell some bitcoin they have, because they think that they do not want to lose more, but it will be an opportunity for investors big to buy it.
I think it is a good thing for Bitcoin bubble trader or buyers or investors. Money or wealth can benefit them greatly. it is very beneficial. And this term "bubble" has made bitcoins more popular.
I think that bubbles are neutral, it can be a good thing and a bad thing also, I mean if the price goes cheaper then people can take advantage of it since the price is cheaper you can easily buy bitcoins, then if the bubble continually rises then I think people can take advantage of it once again since the price is going higher so as your holdings rise also, so I really think for some people it is good and for some people it is a bad thing.
in another new, real estate is long time being considered as bubble, too. and you see for now? it's had a stable place in the market, same to bitcoin.
For me bubble bitcoin is good because we can buy in a low price and and we can gain a money if the price will goes up again the price so investors waiting that time because buying bitcoin and hold it in longtetm way and i heard many times many investors become rich because of bitcoin.
Most definately bitcoin was a bubble,up to now av never understood how bitcoin derives its value,and I also believe that's y bitcoin is highly volatile and unpredictable,soon you start to hear people commiting suicide after losing so much..lucky are those who made there money..
Where there is a bubble, there is a huge gain.
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