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
You know that old saying "What doesn't kill you make you stronger?"
Well cryptocurrency bubbles and Bitcoin bubbles also fit that bill. What doesn't kill us, makes us stronger.
Well cryptocurrency bubbles and Bitcoin bubbles also fit that bill. What doesn't kill us, makes us stronger.
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.
You are right a lot of people scared that the price of bitcoin increases a lot and then suddenly decrease to zero like bubble size increases when continues and then it will blast after crossing its limit but my advice to that people will that, we need to focus on investment in bitcoin and to not feels hesitate. 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.
The way bitcoin running through proof of work make it happen, the visionary of monetary technology.
Is bitcoin bubble? I'm not so sure about it, as bitcoin price increase significantly and tend to stay at the higher point instead of pop at the end of the day. If most people just think "Bitcoin is a faster way to make money", rather than see it as an alternative payment method, bitcoin will always crash after gain so much value. Because people will panic sell if bitcoin start to fall at the correction time, fortunately, bitcoin could hold due to proof of work system and real usability of this great technology.
Is bitcoin bubble? I'm not so sure about it, as bitcoin price increase significantly and tend to stay at the higher point instead of pop at the end of the day. If most people just think "Bitcoin is a faster way to make money", rather than see it as an alternative payment method, bitcoin will always crash after gain so much value. Because people will panic sell if bitcoin start to fall at the correction time, fortunately, bitcoin could hold due to proof of work system and real usability of this great technology.
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.
Haha, I laughed a lot when saw your thoughtful picture of bubbling. This is the reality and bitcoin has popped everyone who said that it is bubble and it will crash down like anything. This will always happen because people don’t realise the power of bitcoin or may be they are always late in identifying its power.
Anyway this will always keep happening, the economist, CEO of financial institution or may be someone from the FEDs will always keep saying that bitcoin is bubble and it may go down and much more things which are moistly negative about the bitcoin. They will always want the bitcoin to go down but they will always see it going up due to its powerful rebounding nature.
So many great things about the bitcoin and they still think its bubble. Pitty.
Anyway this will always keep happening, the economist, CEO of financial institution or may be someone from the FEDs will always keep saying that bitcoin is bubble and it may go down and much more things which are moistly negative about the bitcoin. They will always want the bitcoin to go down but they will always see it going up due to its powerful rebounding nature.
So many great things about the bitcoin and they still think its bubble. Pitty.
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
What really is a humorous picture of those shit talkers. I never thought bitcoin was a bubble and all traders think so.
Before you even put your statement here, don't be so lazy not to read the post of the OP and not only read the title of this thread. The OP saying how bitcoin became stronger from the bubbles that is happening.
Bitcoin may be a bubble, maybe but what we know is that as along as it keeps giving profit to people, people will always invest in these crypto currency and it will always have a possibility of having a greater price in the future.
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.
I have been to Bitcoin for the past two years already and though I only have little amount of it which I saved in an online wallet service provider, I can say that I learned a lot of its ins and outs. While some experts were then claiming that Bitcoin will eventually pop as it can never sustained continuous growth, Bitcoin still defying all odds and is charting right now for more upward movement.
Bitcoin has proven to be a big moneymaker for people who invested their money at the right time or those times that Bitcoin experienced some 'crashes' or dips. And this is the big difference between Bitcoin and other investment vehicle as a 'crash' in Bitcoin can also mean a big opportunity to buy more at a cheaper rate. I would venture to say that Bitcoin have been to many bubbles already but instead of it getting killed it those crashed served as an opportunity to rise up again and again just like the legendary Phoenix.
As the saying goes: What does not kill you can make you stronger and wiser! The same thing can be said on Bitcoin. However, let's give those people who still insist that Bitcoin will soon die a painful and excruciating death the benefits of the doubt they always want. We are still in democracy, aren't we?
I never knew that Bitcoin will come this far, never thought it would ever in this life reach $7K. But I’d to admit that this is really good.
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. 
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.
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.
This is in the light of its high volatility, instability and quick money making. The bubble in bitcoin gives it its hype and this is why people tend to invest on it and hold because they are almost certain it will increase in value with time in the future.
Agree with your opinion. The most advantage of bitcoin is high fluctuation in price that can make high income.
Stronger of bitcoin because many people involve and invest their money.
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.
Yeah it really help though.Bubbles makes a huge hype in the bitcoins market and making noise even on national television channels making or resulting in huge demand cause of hype that is cause by the price bubble 
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.
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.
That's absolutely true! When the MtGox incident happened, bitcoin actually lost the majority of the public trust which shook the market strongly. Because people started thinking negatively around bitcoin and about its sustainability. People were actually scared about their investment that time and that is the reason why the bitcoin market crashed big time. Bitcoin doesn't have a back up asset, it is completely based on public trust and global demand.
The recent crashes are literally nothing compared to that incident. It was more like an opportunity for the investors to buy at a cheaper rate. So the bitcoin is a bubble, but a stronger one which can't be damaged easily.
Well I do think that.. bitcoins when they sky rocketed in the past then the people realized that they have lost an opportunity to earn more money and everyone was waiting for them to drop in price and thus when the bubble broke then.. people started buying it in large amounts which eventually helped it to rise to a value further higher than the first thus.. making it recover from the bubble brust that happened in the past..
Bubbles just creates an opportunity to still buy bitcoins if we have lost it and gain nominal amount of profit from it.
Bubbles just creates an opportunity to still buy bitcoins if we have lost it and gain nominal amount of profit from it.
Schemes and strategies to make you believe and sell your tokens and then they will buy it cheap. How funny it is to see their dirty moves hits back at them causing Bitcoin to rise even higher. It will remain at the top whatever they are planning to do, hold your.
Yeah the negative thinkers are always there to pin point the bad side of the bitcoin. But as we know bitcoin has captured great market capitalism in very short period of time ad there is now way bitcoin will fall into future. Now the stage is very saturated and there is no way this saturation point can be broken. I mean why would the legacy of bitcoin will fall in first place? Why would it become bubble after having so much market cap. There are so millions of investors of bitcoin and most of them are big guys and having billions of investment into it. They are not going anywhere and thats reality which is keeping the bitcoin as stronger asset in the crypto market. And they say its a bubble, so yeah its bubble worth billions of dollars market cap.
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
What really is a humorous picture of those shit talkers. I never thought bitcoin was a bubble and all traders think so.
Bitcoin proves itself that it will never become a bubbles as what it shows today. Even before, many are saying that it will never survive, but why is it that more rich people today because of bitcoin? and that is the proof of its reliable existence in the cryptocurrency world that it will never vanish like a bubbles.
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.
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 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.
That's an interesting perspective, OP.
I wish it were possible to know what bitcoin's price would be if no one had ever called it a bubble. Versus what it is, today.
Perhaps people have lost faith in financial and economic systems to a point where they no longer take it seriously when media spokespersons say things. There's a possibility predictions about bitcoin being a bubble only show systemic corruption and bias against independent movements against bitcoin, which may be transparent enough to drive its price higher as you say.
I wish it were possible to know what bitcoin's price would be if no one had ever called it a bubble. Versus what it is, today.
Perhaps people have lost faith in financial and economic systems to a point where they no longer take it seriously when media spokespersons say things. There's a possibility predictions about bitcoin being a bubble only show systemic corruption and bias against independent movements against bitcoin, which may be transparent enough to drive its price higher as you say.
Its true that bubbles have made bitcoin stronger as every time immediately after the crash,bitcoin has raised up to new heights and its price getting settled in a price more than its previous price.
For example during every hard forks,bitcoin price has fallen down much especially during BU creation and immediately,its price recovered.
Now people have gained much trust over bitcoin as every time after crashes,it has recovered reaching big heights.
For example during every hard forks,bitcoin price has fallen down much especially during BU creation and immediately,its price recovered.
Now people have gained much trust over bitcoin as every time after crashes,it has recovered reaching big heights.
Bubbles made bitcoin stronger,because they made all the bitcoin users and holders to believe that bitcoin will recover after every price crash.2 years ago,i didn`t have that trust in bitcoin and i was afraid of holding btc for a long term.Now,after all the price crashes and recovering,i want to hold all my btc as long as possible.
More HODLers means more stability for the btc price against panic selling.
More HODLers means more stability for the btc price against panic selling.
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.
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.
This is in the light of its high volatility, instability and quick money making. The bubble in bitcoin gives it its hype and this is why people tend to invest on it and hold because they are almost certain it will increase in value with time in the future.
I have been to Bitcoin for the past two years already and though I only have little amount of it which I saved in an online wallet service provider, I can say that I learned a lot of its ins and outs. While some experts were then claiming that Bitcoin will eventually pop as it can never sustained continuous growth, Bitcoin still defying all odds and is charting right now for more upward movement.
Bitcoin has proven to be a big moneymaker for people who invested their money at the right time or those times that Bitcoin experienced some 'crashes' or dips. And this is the big difference between Bitcoin and other investment vehicle as a 'crash' in Bitcoin can also mean a big opportunity to buy more at a cheaper rate. I would venture to say that Bitcoin have been to many bubbles already but instead of it getting killed it those crashed served as an opportunity to rise up again and again just like the legendary Phoenix.
As the saying goes: What does not kill you can make you stronger and wiser! The same thing can be said on Bitcoin. However, let's give those people who still insist that Bitcoin will soon die a painful and excruciating death the benefits of the doubt they always want. We are still in democracy, aren't we?
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