Topic: "Bubbles" Made Bitcoin Stronger (Read 730 times)
Bitcoin is not a bubble, it's more like a balloon. When interest in alternative coins is increased, bitcoins are required to buy them and the price of bitcoin increases.
Relevant chart:
Bitcoin has gone through several major bubbles so far but it has picked itself up every time. Even if bitcoin crashes this time (which I hope it will), bitcoin has benefitted largely from the media talking about the bubble, giving the cryptocurrency a huge number of new users and investors.
Using the pattern of the previous bubbles, recovery will be almost instantaneous as people (such as me) realise the opportunity to make big bucks by buying at bargain prices. It will be as if the crash never happened.
What a lot of people seem to miss is that growth is not something that happens in a constant way, we can even see that with humans, I remember that when I was young I spent a summer not seeing my fiends and when I saw them at school everyone was taller than me, so we cannot expect that bitcoin grows in a linear fashion, bitcoin is going to grow and then shrink and in this process it is going to develop until it is mature. Bitcoin has gone through several major bubbles so far but it has picked itself up every time. Even if bitcoin crashes this time (which I hope it will), bitcoin has benefitted largely from the media talking about the bubble, giving the cryptocurrency a huge number of new users and investors.
Using the pattern of the previous bubbles, recovery will be almost instantaneous as people (such as me) realise the opportunity to make big bucks by buying at bargain prices. It will be as if the crash never happened.
This meme is interesting as how Bitcoin is the one who pops a person, this can be viewed in many ways like it proves haters wrong or worst is it proves them right. Yes Bitcoin is a big bubble and because of its big price movement we often get carried away that it is not, that the only time we wake up is when it goes into a correction. Yes we can take advantage of it now but let us not only rely on creating money with just Bitcoin as there is no certainty that Bitcoin will last forever.
That's basically why more people are getting interested to invest in Bitcoin. People are more comfortable in investing in something that can withstand a lot of trials and that's what BTC have proven for the past years. And as it withstood those bubbles, it will become stronger and attract more people to be part of bitcoin users making it more valuable.
Bitcoin cannot be stop and no governments and individuals can limit it progress and advancements. Having also follow Bitcoin price myself and can actually said that the price fluctuations is good for Bitcoin advancement and we are all to support it progress in respective of what the elites and bankers are saying.
Well, that is true bubbles are made that bitcoin are stronger than the past speculation of bubbles. Many cretics including media have spoken about the fast uprising of bitcoin now this years but now it was negative speculations have come out about bubbles.
Bitcoin cannot be stop and no governments and individuals can limit it progress and advancements. Having also follow Bitcoin price myself and can actually said that the price fluctuations is good for Bitcoin advancement and we are all to support it progress in respective of what the elites and bankers are saying.
Yes it is true that Huge Bubble make bitcoin stronger when a certain change arise in the market the volatility and market is dynamic the trading activity affected very much and by this way the users become very sensitive towards the bitcoin but now the current amount is still high and it is fruitful.
Relevant chart:
Bitcoin has gone through several major bubbles so far but it has picked itself up every time. Even if bitcoin crashes this time (which I hope it will), bitcoin has benefitted largely from the media talking about the bubble, giving the cryptocurrency a huge number of new users and investors.
Using the pattern of the previous bubbles, recovery will be almost instantaneous as people (such as me) realise the opportunity to make big bucks by buying at bargain prices. It will be as if the crash never happened.
Bitcoin has gone through several major bubbles so far but it has picked itself up every time. Even if bitcoin crashes this time (which I hope it will), bitcoin has benefitted largely from the media talking about the bubble, giving the cryptocurrency a huge number of new users and investors.
Using the pattern of the previous bubbles, recovery will be almost instantaneous as people (such as me) realise the opportunity to make big bucks by buying at bargain prices. It will be as if the crash never happened.
Bubbles in bitcoin made the most simple people millionaires by just being geeky about it. Up to now, the said bubble has been holding strong for almost a year now, and skeptics remain skeptics because they don't even have money invested on it, thus the negative comments since they also don't share bitcoin's success. I just think that people that are criticizing and fudding so hard are those people who aren't really invested in the game. Bubble or not, it caused a lot of good things to people.
Probably you are wrong. Bitcoin really has all the signs of a bubble. But the future is not determined. It all depends on our actions. People are holding coins and unknowingly turn the bitcoin bubble. Only the use of bitcoin as currency can give us hope that it will never end.Bubbles in bitcoin made the most simple people millionaires by just being geeky about it. Up to now, the said bubble has been holding strong for almost a year now, and skeptics remain skeptics because they don't even have money invested on it, thus the negative comments since they also don't share bitcoin's success. I just think that people that are criticizing and fudding so hard are those people who aren't really invested in the game. Bubble or not, it caused a lot of good things to people.
Probably you are wrong. Bitcoin really has all the signs of a bubble. But the future is not determined. It all depends on our actions. People are holding coins and unknowingly turn the bitcoin bubble. Only the use of bitcoin as currency can give us hope that it will never end.
Jamie Dimon, CEO of JPMorgan Chase or you can know him with another name "liar". LOL. Anyone is going to say that Bitcoin is just a bubble and it's going to blow up soon or Bitcoin is scam,....all of them are liar 
). They just want to make traders and holders afraid and sell all their Bitcoin for other altcoins or withdraw to bank account ASAP, it'll make Bitcoin price dump quickly as hell and it'll be a good chance for these guys to buy Bitcoin ). We just need to ignore these guys with their announcements and just believe in Bitcoin. LOL
). They just want to make traders and holders afraid and sell all their Bitcoin for other altcoins or withdraw to bank account ASAP, it'll make Bitcoin price dump quickly as hell and it'll be a good chance for these guys to buy Bitcoin ). We just need to ignore these guys with their announcements and just believe in Bitcoin. LOL 
One good thing from these bubbles is that people are actually not just hearing about, but actually investing in bitcoins. Sure, the bubble pops and the whales gobble up cheap coins but that also sort of redistribute what is left to existing bitcoin holders that decided to buy during plunges. We are actually getting more people to participate.
Bitcoin grows in bubble-bursts cycles because it's a very disruptive technology. The most disruptive invention ever in fact. The road to $1,000,000 isn't a smooth one, but an exponential one with big sell offs from scared panicsellers that will not make it to the top- Sp just hold and buy any dips, since it's impossible to time them. The only thing you know is that they will happen, but you don't know if it will be $10k, $20k or $100k before the next big pop.
Reason why the coin is so disruptive is because it's price is only depending on the demand from people. So every time that most owners decides to sell the coin price will go down. Unlike for other investments which has other variables to consider bitcoin is only depending on demand.
Well, all these past bubbles have done is prove to people that even after a crash, Bitcoin still has the backing and trust to move back upwards.
The most important bubble was the one after Mt. Gox went down, Bitcoin's value completely crashed and it stayed that way for a couple of months, even more than a year, if I remember correctly.
Prices were constantly hovering around 300 dollars, the huge volatility was also pretty much non-existent for a while.
People who saw that and the subsequent price increase after that must have gained a substantial amount of trust for Bitcoin after that ordeal.
The crashes we've seen this year are peanuts, they barely last a couple of days and are followed by new ATH's.
Which proves that bitcoin in itself is not a bubble there are bubbles in bitcoin but bitcoin is not a bubble because if it was bitcoin will have been destroyed already, if bitcoin did not die with the Mt Gox crash then nothing is going to kill bitcoin. The most important bubble was the one after Mt. Gox went down, Bitcoin's value completely crashed and it stayed that way for a couple of months, even more than a year, if I remember correctly.
Prices were constantly hovering around 300 dollars, the huge volatility was also pretty much non-existent for a while.
People who saw that and the subsequent price increase after that must have gained a substantial amount of trust for Bitcoin after that ordeal.
The crashes we've seen this year are peanuts, they barely last a couple of days and are followed by new ATH's.
The feature of all the bubbles is when it pops, all the"investors" loose their money and there is no way to get more money from the bubble.
As for Bitcoin, all the "bubbles" were just scary stories. As there is always an option to earn more Bitcoins (mine it). Even if you loose your money due to hacker attacks on wallets or exchanges.
As for Bitcoin, all the "bubbles" were just scary stories. As there is always an option to earn more Bitcoins (mine it). Even if you loose your money due to hacker attacks on wallets or exchanges.
This bubble became more scary when the top CEO, invest and experts of their fields started saying that this is nothing more than bubble. Its downfall will come and everyone invested will lose their money. So for common people who are not much in this space feared and thus either stayed away from this or sold it out in anticipation of being another bubble.
Bitcoin grows in bubble-bursts cycles because it's a very disruptive technology. The most disruptive invention ever in fact. The road to $1,000,000 isn't a smooth one, but an exponential one with big sell offs from scared panicsellers that will not make it to the top- Sp just hold and buy any dips, since it's impossible to time them. The only thing you know is that they will happen, but you don't know if it will be $10k, $20k or $100k before the next big pop.
Bitcoin will never stop increasing its price. some might say that bitcoin's price is going down but it is just because of the volatility and the demand added with supply
Yes bitcoin is not stop its moved. I like the topic" bubbles made bitcoin stronger ".
Bitcoin will stromger when many more people believe in it to make more bubble in bitcoin.
I will want to take a contrary view to that because holding the position that bubble makes bitcoin stronger is admitting that bitcoin is really a bubble and if if follow that path, we might end up to the point where the bubble does not hold things together again.
Its true a lot of people are putting money into bitcoin with the hope of it skyrocket but that's is a wrong motive because people like that are the ones that expand the panics immediately there is little drop in price. So bubble does not make bitcoin stronger, it's just a misconception.
Its true a lot of people are putting money into bitcoin with the hope of it skyrocket but that's is a wrong motive because people like that are the ones that expand the panics immediately there is little drop in price. So bubble does not make bitcoin stronger, it's just a misconception.
That is why there is a quote and unquote on the word, which means it is other people's statement. This statement against bitcoin is really helping the price of the coin to go higher each time it is released. It was proven that whenever a known personality give such statement bitcoin always overcome it and price always goes high after.
Many people are interested in bitcoin price volatility,and by seeing how much the price increase since 2009.people will tend to buy and hold to gain profit.That's why the bubble keep holding and doesn't pop
That is right many people are keeping the "bubble" for it not to burst and will never let it burst. So bitcoin is not just a bubble it is a balloon with a thicker coat, harder to burst.
I don't totally agree that bitcoin is bubble, But I believe its more of a "commodity currency", the demand is so high because people love to use it, fast and efficient. Bitcoin cost thousands of dollars to mine, thats why its not a pyramid scam or so. It is community driven that's why the price is soo volatile that make it unstoppable, because whether we like it or not its the future of payments.
What OP is referring to here is not pertaining to bitcoin as a whole, but bitcoin's price when it was still manipulated by Chinese before 2016 pump and the crashes that have happened at that time, and the most famous one is mt.Gox crash. It in fact made bitcoin stronger and more resilient, I think without those bitcoin wont be what it is today. The only questions is that if those days are over or not? I believe that price of btc itself now can possibly be a bubble, price is high for now I think.I don't think that the price manipulations of bitcoin will be over, but it less likely today because there's a lot of entities now as compare before were the Chinese can easily fake the volumes of trading resulting to bitcoin overvalued. But for each every bubble that has been burst, bitcoin rebounded and even makes it stronger as the OP has stated. If the price of bitcoin now is a bubble then it could possible burst, but I don't think it will crash that hard again unless someone really try to manipulate it by spreading FUD. But then again, bitcoin resiliency will bail him out again just in time for another bubble to form. IMHO.
Bitcoin has become gold asset, even china has taking part that can manipulation volume to put price going high, many people still interest to buying and holds more.
Yes that's agreeable mate, and even if those challenging situations like with china couldn't beat the odds. No bubble happened actually, but the actual situations made the price boom to the highest peak of its price in history. Now were heading up to be the most profitable currency ever. An assurance for us for the future of our family specially for the assets we have.
Being unpredictable is one of the disadvantage of bitcoin but also become its advantage because no one can predicts its value many got surprise when the value gets higher and others then think its a bubble but because of that many investors believes bitcoin can actually become a biggest hit and they decide to invest more as well many people start to believe in bitcoin which makes it more successful
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