@TheCoinGrabber
If Facebook or any other popular social platform starts charging their user base for access to content then eventually people will leave those platforms for other alternatives. Role based access is a feature that is not going to work globally for those.
Topic: Fidelity called Bitcoin a "bubble" (Read 472 times)
It's a tough call. Is the price a bit high at the moment.. probably. Will there be some pull back ...definitely.
I don't think well established financial institutions or analyst really grasp the change that we're witnessing right now, though. I firmly believe that finance as we know it is headed to the blockchain.
I'd be shocked if we see BTC at $2000 or even $3000 again for that matter. Maybe it'll go down to those levels, but in a year the price will probably still be going up and people will still be calling it a bubble. Those people are missing the train, IMHO.
I don't think well established financial institutions or analyst really grasp the change that we're witnessing right now, though. I firmly believe that finance as we know it is headed to the blockchain.
I'd be shocked if we see BTC at $2000 or even $3000 again for that matter. Maybe it'll go down to those levels, but in a year the price will probably still be going up and people will still be calling it a bubble. Those people are missing the train, IMHO.
I even regret selling a part of my stash prior to the fork. Sigh... Well if it does fall down to $2-3k, it probably wouldn't stay down there for long as the speculators try to grab them for cheap. I think that's they beauty of bitcoin, so long as people are holding and trading it, it won't stay down for long.
The funny thing is that if you go by their recommendation of what stock to buy, they will tell you to buy Facebook Amazon Netflix Google.... FANG...
The thing they don't tell you? That it is almost impossible for either of those companies to double their current stock price one more time, and even if they did, if they tried to double it again they would need to make an absurd amount of profit.
Bitcoin has the opposite problem, the more people use it the more chance it will double due to supply and demand.
For Amazon stock to be worth 2K USD it would need to basically double its entire business size, which would make it an enormous monopoly and government would come in and shut it down.
The thing they don't tell you? That it is almost impossible for either of those companies to double their current stock price one more time, and even if they did, if they tried to double it again they would need to make an absurd amount of profit.
Bitcoin has the opposite problem, the more people use it the more chance it will double due to supply and demand.
For Amazon stock to be worth 2K USD it would need to basically double its entire business size, which would make it an enormous monopoly and government would come in and shut it down.
True sir, even Twitter is having a hard time monetizing on it's popularity. For Facebook, they might have to charge for access if they want to make as much profit within a year. (Well, there are rumors about it, maybe it'll be like Youtube Red.
)
Even if it were to be a bubble, it is still nothing compared to the 2000 and 2008 bubbles in the financial markets.
During those bubbles, trillions of USD where "vaporized".
e.g. see http://money.cnn.com/2000/11/09/technology/overview/
The marketcap of crypto is "merely" 170 billion USD.
So even if it were a bubble, it would just cause a small ripple in a huge ocean...
Just my thoughts!
During those bubbles, trillions of USD where "vaporized".
e.g. see http://money.cnn.com/2000/11/09/technology/overview/
The marketcap of crypto is "merely" 170 billion USD.
So even if it were a bubble, it would just cause a small ripple in a huge ocean...
Just my thoughts!
Most who say btc is a bubble fail to take into account the degree to which btc/crypto are growing in terms of transaction volume, end users, support in different countries & other areas.
Bitcoin's price uptick is mirrored by grown and expansion in many markets and geographic areas across different demographics occurring internationally. A mainstream media economist might break this down by saying: "the fundamentals of the bitcoin economy are growing substantially" to justify the increase in price/value.
That's the most neglected area of the debate made by those who claim bubble status. Not addressing the fundamental metrics and failing to acknowledge crypto/btc growth.
Bitcoin's price uptick is mirrored by grown and expansion in many markets and geographic areas across different demographics occurring internationally. A mainstream media economist might break this down by saying: "the fundamentals of the bitcoin economy are growing substantially" to justify the increase in price/value.
That's the most neglected area of the debate made by those who claim bubble status. Not addressing the fundamental metrics and failing to acknowledge crypto/btc growth.
I have another theory for all those bubble theories: envy and resentment.
Many of those statements about bubble building in bitcoin comes from people without bitcoins.
When they look back at the developement they might get the feeling that they have missed something.
And in order to let out their frustration, they just talk it bad.
Many of those statements about bubble building in bitcoin comes from people without bitcoins.
When they look back at the developement they might get the feeling that they have missed something.
And in order to let out their frustration, they just talk it bad.
Actually the reason for all that bubble prediction is that earlier whenever a stock or commodity rose this sharply in short time, they always ended up into crash. We have so many such examples today that it would be tough for any experienced trader to consider Bitcoin's hike in price natural.
But what they fail to understand is that Bitcoin is completely different from all those traditional assets, it has huge market potential and is targeting Billions of internet users. Bitcoin holders are still in million. There is huge scope for growing up with limited supply. I believe this is a natural growth and according to me we won't see any huge crash and only some small fluctuations.
But what they fail to understand is that Bitcoin is completely different from all those traditional assets, it has huge market potential and is targeting Billions of internet users. Bitcoin holders are still in million. There is huge scope for growing up with limited supply. I believe this is a natural growth and according to me we won't see any huge crash and only some small fluctuations.
All my friends call Bitcoin, a bubble ... 
They prefer buy TESLA Stock action.
They don't understand that Bitcoin is a network, a P2P network ... with no border and no restriction.
They don't understand the value of this.
They are not ready for this.
They prefer buy TESLA Stock action.
They don't understand that Bitcoin is a network, a P2P network ... with no border and no restriction.
They don't understand the value of this.
They are not ready for this.
Somewhat its reasonable,specially of we will talk about the price the price reaches about 6 or 7x since we enter year 2017 with such ni exact reason
I have seen some people saying Bitcoin doesn't have intrinsic value, so it's a bubble. Bitcoin can die any moment, etc... Following this logic fiat doesn't have any intrinsic value too and that is what make the countrie's economy and people's life "stable" (it's not perfect, but not so terrible).
They are wrong about Bitcoin. It's not just an asset, it's a virtual currency, used to deal online without the Paypal's or any other centralized bureaucracy. It's innovative, people like this, so there is demand for it. Surely the speculators help BTC price to rise, but it could survive without them because it represents a future technology and not only a fast growing investment.
They are wrong about Bitcoin. It's not just an asset, it's a virtual currency, used to deal online without the Paypal's or any other centralized bureaucracy. It's innovative, people like this, so there is demand for it. Surely the speculators help BTC price to rise, but it could survive without them because it represents a future technology and not only a fast growing investment.
Equally
I don't know if those two outcomes have equal probability. My guess is thatit's more likely we're in a bubble, and it scares me somewhat. $5000, and we were
just at $400 last year? That's a helluva jump, wouldn't you say? Even things that
have been proven to be bubbles in the past haven't had that much of a rise. So I
wouldn't dismiss this or be annoyed at it. When something gains in value like bitcoin
has, yeah, people are going to be calling it a bubble. They did the same thing in
2013 and look what happened.
So I was going through my subscriptions when I saw this video in the Business Insider channel. https://www.youtube.com/watch?v=AxJ_fRgswj0
I have a hard time talking about economics but I just find it a bit annoying for it to be called a bubble. Also the mention of having no intrinsic value can also be said of fiat but no one seem to complain.
I dunno, maybe I've just grown to be more confident of Bitcoin. If you have to explain to someone, but someone you know or those jerks on the Youtube comments that bitcoin is not a bubble, what would you tell them?
I have a hard time talking about economics but I just find it a bit annoying for it to be called a bubble. Also the mention of having no intrinsic value can also be said of fiat but no one seem to complain.
I dunno, maybe I've just grown to be more confident of Bitcoin. If you have to explain to someone, but someone you know or those jerks on the Youtube comments that bitcoin is not a bubble, what would you tell them?
The funny thing is that if you go by their recommendation of what stock to buy, they will tell you to buy Facebook Amazon Netflix Google.... FANG...
The thing they don't tell you? That it is almost impossible for either of those companies to double their current stock price one more time, and even if they did, if they tried to double it again they would need to make an absurd amount of profit.
Bitcoin has the opposite problem, the more people use it the more chance it will double due to supply and demand.
For Amazon stock to be worth 2K USD it would need to basically double its entire business size, which would make it an enormous monopoly and government would come in and shut it down.
It's a tough call. Is the price a bit high at the moment.. probably. Will there be some pull back ...definitely.
I don't think well established financial institutions or analyst really grasp the change that we're witnessing right now, though. I firmly believe that finance as we know it is headed to the blockchain.
I'd be shocked if we see BTC at $2000 or even $3000 again for that matter. Maybe it'll go down to those levels, but in a year the price will probably still be going up and people will still be calling it a bubble. Those people are missing the train, IMHO.
I don't think well established financial institutions or analyst really grasp the change that we're witnessing right now, though. I firmly believe that finance as we know it is headed to the blockchain.
I'd be shocked if we see BTC at $2000 or even $3000 again for that matter. Maybe it'll go down to those levels, but in a year the price will probably still be going up and people will still be calling it a bubble. Those people are missing the train, IMHO.
Or maybe not because the bitcoin this year have gain more popularity than the other year and this year many news and that is global news. So, I think many investors and big time are get interested and invest with the bitcoin. As we know the bitcoin have a limited supply so basically when someone buy bitcoin the price will go up and with this recent segwit the blockchain technology has been upgrade and make a huge news. I think all are normal.
It's risen 5x since the start of the year. Maybe they have a point? Equally they may look like total idiots in retrospect. Retrospect is the only way we'll know anyway.
That 5x rise might be a bubble or it might be a reaction to long time suppression. At present it's really hard to analyse. These prices are uncharted waters.
That 5x rise might be a bubble or it might be a reaction to long time suppression. At present it's really hard to analyse. These prices are uncharted waters.
So I was going through my subscriptions when I saw this video in the Business Insider channel. https://www.youtube.com/watch?v=AxJ_fRgswj0
I have a hard time talking about economics but I just find it a bit annoying for it to be called a bubble. Also the mention of having no intrinsic value can also be said of fiat but no one seem to complain.
I dunno, maybe I've just grown to be more confident of Bitcoin. If you have to explain to someone, but someone you know or those jerks on the Youtube comments that bitcoin is not a bubble, what would you tell them?
I have a hard time talking about economics but I just find it a bit annoying for it to be called a bubble. Also the mention of having no intrinsic value can also be said of fiat but no one seem to complain.
I dunno, maybe I've just grown to be more confident of Bitcoin. If you have to explain to someone, but someone you know or those jerks on the Youtube comments that bitcoin is not a bubble, what would you tell them?
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