Topic: Is Bitcoin a Bubble? - page 21. (Read 3149 times)

For me we can past the stage where bitcoin is a bubble. I remember when Japan just enter the scene, the price went skyrocketed and may said that its a bubble, well there's price correction after but its not a bubble and I don't think that we will experience again bubble in the history of bitcoin. A lot of investors already, no one can manipulate and burst the price. The attacks on bitcoin was quickly silent by its price able to recover in short amount of time.

yes agree with you bitcoin is not a bubble. We have already passed from correction phase. In fact bitcoin is now introducucign troughout the world and more poeple are now taking interst to invest their money in bitcoin as bitcoin is consider as the most safe and profitable investment, the increasing demand of  bitcoin is in fact increasing the price price of bitcoin, therefore we can say that bitcoin is not a bubble any more.

Yeah the risk is always there and look on how Jamie Dimon is now going to implement blockchain technology to his JP Morgan Chase, is that a crazy thing right?

Not giving some ups to the original tester of this great technology which is bitcoin and even calling those people that are trading it as stupid ones.

I don't know what is up on the mind of this guy and he keeps on quacking about bitcoin, bitcoin might be a bubble before but I don't think it is now.

Maybe, but it does not have to be, everything is limited to what we believe in, and let's take a look at how bitcoin is now on the market.

The day bitcoin stops being a bubble, will be the day they the entire blockchain will stop working or would have been destroyed and since that day is not anywhere near yet, we just have to get to this kind of news because it will continue to come any time a landmark achievement is done when it comes to price. Why bitcoin is a bubble, is what I am yet to understand, because comparing it with fiat with relative stability is just not right.

I believe that fiat would have bursted if not for the support its getting from government agencies in other to keep it relevant but the moment they lost it, it goes into flame. 2008 comes to mind and Zimbabwe issue is still fresh in our memory.

Bitcoin is not a bubble. The currency yes it has great value growth since its beginning but it was supposed to do so. We are talking about a new currency that was dropped in the economic world having the capability to be accessed by anyone everywhere, instantly. As its mining grew bigger and bigger (supply) so it were people that wanted it (need). Because of that its price skyrocketed, beside some normal corrections. What concerns me is what will happen when BTC reaches its mining capability. My projection is at that point the price will fluctuate for a wile until it fixes to a certain price with the minimum fluctuation as possible like all fiat coins. 

Isn't the price of Bitcoin also heavily dependent on the price of other crypto currencies in the market though? I don't understand how a majority of the market can go down while Bitcoin is the lone survivor.

It's definitely speculative.  But the term 'bubble' typically refers to something that is so far
removed from it's FMV, that it's prone to severe corrections that then stick (e.g. deflation
of the bubble).  The most recent drop to $3000 per BTC would qualify as such a correction.
But as we've seen, that did not stick as the new FMV. On the contrary, we've moved above
the previous high.

ICOs, yes. Crypros, yes. Bitcoin? Not necessarily. When the others do crash, Bitcoin is just going to become even more valuable. It has the advantage of being the first and the established one (and specifically less manipulated than Ether over the ICO craze)

In bitcoin it is not called a bubble because it is called a volatility and that is what you need to do some research before comparing bitcoin like a bubble because the volatility of bitcoin is up to the people's emotion and that is not a kind or considerable as a bubble because bubble pops out even there is no cause or reason while bitcoin only reacts to the emotion of the people so that is a complete different thing between bitcoin having volatility and bitcoin being a bubble.

Hey

Well bubble here means something that is fragile and is initially big and suddenly it shaters all hopes by just disappearing into nothing...

I think It definitely is !!! Because right now people are investing and thinking nof encashing them out suddenly qhen the proce hits its Maximum value and they get their free bitcoin gold.
Events like this have also happened in the past this it won't be anything new if it continued to rise and decides to fall down suddenly, but if people held on to their btcs then after the hard fork it will be so much easier for everyone to be able to gain profit by timely investment but I don't think many people are going to hold bitcoins after that.

They said the same thing when it was 3000$, 4000$ , $4700 but it got sustained and even moved further until now  so what are they saying? Even if it's a bubble it will re-bubble after the first bubble burst. Haters will always be haters and bitcoin will always put them where they belong.

Nobody knows if we are on a real bubble, but i am happy with bitcoin because we all know that we can still make money from it, so i will not withdraw my bitcoins until i see a nice opportunity to sell them at a nice rate. Maybe i will sell most of them at $8000 or $10000, but it depends on the opportunity and how does it goes through the next months. I dont know yet, but if we are really on a bubble, the price will go much more than the actual price, i mean, this is just the start from the bubble that everybody is talking about.

Currently not really, but we didn t have any very* strong fundamental informations. What we actually got lately was an dimon OPINION. Which has tmporary impact. You can actually buy some things by bitcoin so  maybe it is not bubble?

Everything has its phases of up and down and btc has shown itself to be resilient enough time and again, so it can be confidently said that its not a mere passing bubble. Sure, the prices swing, but which market doesnt? Calling it a bubble will be ignoring the immense potential it has,either by itself or the technology off which it is based.

If you look everything by this way, you can realize that almost everything is on a bubble, not only bitcoin and cryptocurrencies, a lot of financial systems like a lot of banks, governments, and a lot of bussiness are in a bubble situation, maybe we are on a bubble, yes, but this is nothing to care about at this moment. Just enjoy it and take as much profit as you can, maybe this is one of the last opportunities that you are going to have to make such that profit in less time than other investments.

Looking at charts, a case could be made for bitcoin's price peaking at the end of every year since its inception. Every year except 2014, when silk road was shut down. If I'm remembering right, china also banned exchanges or passed some regulation which caused bitcoin's price to decline by a massive margin in 2014. We're nearing year's end and so for those who know bitcoin price movements, it is normal for a peak to occur during this time. Its not necessarily a bubble, this always happens, and has happened every year except 2014, as far as I know.

To add to that, we've had reports of bitcoin's userbase doubling every 12 months. This is the type of exponential growth which rivals a zombie outbreak. It may be fair to say cryptos userbase is growing at a viral pace. This increase in demand hints against a bubble. A doubling bitcoin userbase is analogous to general motors customer base doubling every 12 months. That would represent spectacular growth. It would be marked by a significant increase in year end profits/stock value and so the argument of bitcoin being a bubble may not be the best.

There is an interesting context in this quote here.


"Absence of fundamental economic backing".

If bitcoin's userbase doubles in a 12 month period can we label that a significant form of fundamental economic backing? If bitcoin trading volume increases significantly, does that qualify as economic backing? The answer to both of these questions may be: yes.

The stance of bitcoin being a bubble may be based more on misinformation and misdefinition of terms than it is economic fundamentals.

They gave been saying that for a very long time Warren Buffet said it when bitcoin was at its infancy and no matter what they said , it has continued to grow and grow and this bubble doesn't seem to burst at all.

not yet

It's not goos but yes, bitcoin is really like a bubble. Why? Because everything can affect it's price like anything can burst bubbles, it just needs some words and ops, bitcoin price can fall or rise by 10% in one day. This means it's easiest to manipulate coin and current price is nothing but a fake combination of numbers by big players in crypto world. It really makes me anxious that china can manipulate bitcoin by saying only one proposal.