Topic: Is Bitcoin a Bubble? - page 13. (Read 3162 times)
Everything is thought to be a balloon when it is new, but we have to give it some time to prove itself. Cryptocurrency is an excellent money system, which is innovative and never seen before. But, humanity is not accustomed to such things and when they hear a bad news, it sells immediately and we are in the same situation after this sale.
I understand its meaning. However, I do not think Bitcoin will burst like a bubble. Because it has a solid foundation and it will grow in the future. Perhaps on the road to development, it will be difficult. However, I still believe in Bitcoin, which is the currency of the future
Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.
Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.
Quote
In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.
Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”
Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”
Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.
Nah! Bitcoin will never be a bubble. This individuals or groups making or spreading these kind of news are having problems with bitcoin, first they might be scammed using a bitcoin and now, they want revenge and also gives false awareness to everyone. Second, they might be uninformed. The problem is many knew bitcoin, its name, and you can earn from it. But only few has truly understand its purpose, use, potentiality and ability as an investment medium. And when the time bitcoin burst its price, these persons who are telling bitcoin is bubble will surely get their words back.
Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.
Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.
Quote
In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.
Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”
Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”
Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.
Nah! Bitcoin will never be a bubble. This individuals or groups making or spreading these kind of news are having problems with bitcoin, first they might be scammed using a bitcoin and now, they want revenge and also gives false awareness to everyone. Second, they might be uninformed. The problem is many knew bitcoin, its name, and you can earn from it. But only few has truly understand its purpose, use, potentiality and ability as an investment medium. And when the time bitcoin burst its price, these persons who are telling bitcoin is bubble will surely get their words back.
Bitcoin is not a bubble, but pure decentralization, if you feel bitcoin is a bubble then it will not make everyone believe, there will be enemies that bring bitcoin to the government to impose penalties for users.
There a simple thing that proves it isn't a bubble.
There are currently 18 million btc in circulation. Even a bit more if I'm not mistaken.
Maximum amount will be 21 million so 16% more. And that's all. Nothing more.
It means with the same activity the price will drop by 16% with the complete supply.
There is NO other currency that has such a low and controlled inflation. Price can only rise with number of users. Which is not the case of most assets!
There are currently 18 million btc in circulation. Even a bit more if I'm not mistaken.
Maximum amount will be 21 million so 16% more. And that's all. Nothing more.
It means with the same activity the price will drop by 16% with the complete supply.
There is NO other currency that has such a low and controlled inflation. Price can only rise with number of users. Which is not the case of most assets!
in my opinion , bitcoin not bubble , because bitcoin still standing here and still have value , its just volatile on the price
I think and hope that bitcoin will continue growing and become more stable in the future. As for bitcoin as a bubble, it depends on how you look at this. It can be expected that the price can quickly fall and in the same way it can increase in many times.
Look at it from any side but you will not see that it is a bubble. Bitcoin is the first cryptocurrency and the pioneer that has started the ear of the blockchain.
Bitcoin is not a bubble though people and its enemies are trying to make it so. Those that have invested in bitcoin from beginning has in mind that they are investing into a system that they have hoped on and that bitcoin is going to be the future of our financial system. The current volatility is needed to make bitcoin more popular.
With bitcoin as well other digital currencies the fluctuations is common. At times this used to happen in a large scale marking it something like a bubble. If one goes through the growth chart of bitcoin years back then can clearly identify similar scenarios that has taken place in the past.
At the financial, business level. Bitcoin may be a bubble. People buy when Bitcoin is low and sell when Bitcoin is high. Bitcoin moves from one person to another. When Bitcoin reaches its peak, the Bitcoin keeper holds the fire, and Bitcoin explodes. So, investing and trading Bitcoin is a very difficult job. Do not risk if you do not get the full knowledge of it.
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Bitcoin is not a bubble because if it is bubble Bitcoin will not come this far of existence.
If we look in broader persecution we will find that bitcoin is bubble of steel and will survive forever. The investment cap is increasing and in the near future it will hold the world market. Blockchain technology is on the back of bitcoin and this technology is prevailing in the world very fast and soon the whole world will use this technology. Now they want to promote bitcoin. So there is no chance of bitcoin blown up.[/quote)
Bitcoin is not a bubble because if it is bubble Bitcoin will not come this far of existence.
I think Bitcoin now is not good for investing in it, Bitcoin is strong and are on the first place, but if to look in near future, situation is not good
Now only btc is good for investing as prices have drop so when you used to buy for 10k the same thing is now available in less than 7k. So when the sale starts for shopping people go and buy in the same way it is the time to buy the crypto currency and invest more.
For those who have experience about economic bubble, yes they will answer your question that bitcoin is bubble. The reason is bitcoin prices are very surprising, within a year alone bitcoin prices can rise up to $ 18,000 this occurred in 2017 ago. But for someone who jumps into the world of cryptocurrency and they learn more about the use and function of cryptocurrency in the future, like me, I will answer bitcoin is not bubble. This is a technological development, not just temporary and has a long-term function.
I don't believe that BTC is a bubble. For one thing the price of a certain market would be so expensive as conpared to it's intrinsic value. Then again, BTC itself is a currency so its price is also it's intrinsic value. It also follows a logical increase and decrease in price though volatile is still rational.
I do not think bitcoin is like bubbles if bitcoin like bubble seems like it is impossible because bitcoin price when it rises and very high after that price collapsed but can do price recovery so not suitable if you mention with bubble name, more suitable if it said wave.
We all must respect the opinion of others and likewise I second your statement about bitcoins and its bubble aspect. People need to know the definition of bubble first and then compare those words with current scenario of bitcoin. Compare and analyses don’t they see they are making a wrong move calling bitcoin a bubble. If it is bubble, how could have it lived for so long years?
I think Bitcoin now is not good for investing in it, Bitcoin is strong and are on the first place, but if to look in near future, situation is not good
That's just a bad idea about bitcoin, if you really understand bitcoin, have bitcoin knowledge, know the value of bitcoin for our lives then I am sure you will not think bitcoin is bubbling.
Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.
Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.
Quote
In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.
Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”
Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”
Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.
I think it is important to distinguish between bubbles and deflationary currencies. Bitcoin is a deflationary currency. and that is normal.
It is not a bubble, but the way it grow has made people find it to be a bubble. This will change when it gets the importance similar to traditional currency. Even now due to the steep price increase and decrease in a short time period people consider it as a bubble.
It is a bubble my friend! Let's appeal to definition by Investopedia https://www.investopedia.com/terms/b/bubble.asp . Does you still say that it is not bubble?
Bitcoin has perfectly interpreted what is meant by being reasonable. When Bitcoin emerges with the new features it brings, it has long been destined that the market cannot eliminate it in the short term.
Once Bitcoin becomes popular and recognized, BTC will become very valuable!
Once Bitcoin becomes popular and recognized, BTC will become very valuable!
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