Is Bitcoin a Bubble? - page 9. | Bitcointalksearch.org

budiarmed

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Quote from: jaysabi on October 15, 2017, 08:54:36 PM

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.

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.”

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.

Bitcoin is very risky, but bitcoin is not a bubble that can explode at any time. Bitcoin is unstable and it's high risk, and I think people who do not like bitcoin will regard it as a bubble.

Swanh

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Quote from: jaysabi on October 15, 2017, 08:54:36 PM

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.

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.”

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.

It will probably always depend on the fact if a good/commodity will have any use after a bubble burst.The enormous attention that bitcoin has received through the building up of the bubble may have encouraged innovations.If however BTC and cryptosin general will be abandoned after a real burst of the bubble all the infrastructure and innovation may arguably be useless.

supercanada1

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Quote from: Ronyx on July 06, 2018, 12:03:40 AM

Quote from: jaysabi on October 15, 2017, 08:54:36 PM

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.

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.”

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.

Bitcoin is not a bubble, bitcoin is a reliable coin and earns trust as the best coin. In the crypto market there will always be demand for bitcoin and it will make bitcoin last long-term.

Yes it is true bitcoin is not a bubble infect bitcoin is the most promising currency it gives us saving and a lot of profit as well, so we should trust our saving from bitcoin, foe me bitcoin is the best source of spending a good life, it helps a lot of people to earn good money even when they are already working as bitcoin can be taken as the treasure of profit, calling it a bubble is not worth trusting statement according to me because it is my future builder.

mr.nby

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Quote from: Bountyl on July 07, 2018, 12:16:37 AM

Everything in this world is a bubble. Look at the dollar, the banks have been declared a lot more dollars than they actually have. From you and the bubble. A common banal example. So why not bubble is bitcoin?

There is nothing to worry about the opinions of these experts. All the time there is someone predicting the end of bitcoin or is called a bubble, a ponzi scheme. For people involved in cryptocurrencies, how these pseudo-experts call Bitcoin should not matter.

altcoin4u

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In my opinion, if you are waiting fast and easy profits here, you will get discouraged very soon, cryptocurrencies will become a bubble for you very soon

We all need to have a proper attitude here.

Bountyl

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Everything in this world is a bubble. Look at the dollar, the banks have been declared a lot more dollars than they actually have. From you and the bubble. A common banal example. So why not bubble is bitcoin?

Cinemo

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Quote from: jaysabi on October 15, 2017, 08:54:36 PM

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.

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.”

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.

Its not a bubble cause we have in the world so I think we are so many cryptocurrencies cause we are respectable with a good idea, and technology. I believe that bitcoin will rise in your own profit, but its my life. The real question cause we are actually a great mind. I do a new way to keep the future

zander09

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Quote from: candra raditya on July 06, 2018, 11:25:14 PM

Quote from: jaysabi on October 15, 2017, 08:54:36 PM

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.

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.”

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.

Bitcoin will not explode because bitcoin is not a bubble, but bitcoin is a cryptocurrency. Bitcoin will survive and will not disappear like a bubble.

Many people says bitcoin is a bubble because they see that the price decrease and they think that bitcoin price will gone but if you study bitcoin very well you will see how it useful for the future.

candra raditya

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Quote from: jaysabi on October 15, 2017, 08:54:36 PM

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.

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.”

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.

Bitcoin will not explode because bitcoin is not a bubble, but bitcoin is a cryptocurrency. Bitcoin will survive and will not disappear like a bubble.

jonval21

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I love the Cryptocurrency world

bitcoin is not a Bubble. Bitcoin is a new form of money, in long term will be more and more people using this technology.

ElianaMaria

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Quote from: jaysabi on October 15, 2017, 08:54:36 PM

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.

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.”

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 have always seen Bitcoin as the Kim Kardashian of cryptocurrencies, how it is super famous and popular but no one really knows why... If Bitcoin is a bubble and does 'explode', will it have adverse effects on other cryptocurrencies? Would it be similar to the dot com boom in the 90s? Where the bubble bursts and many people lose money but they bounce back a few years later.

Just a thought.

nguli

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it looks like bitcoin is not like bubbles but bitcoin is more suitable to be said as a wave because bitcoin price movements only go up and down only and can certainly do the price recovery. unlike bubbles that after rupture can not recover.

Babyhouse

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Sometimes seems it's hard to hold two thoughts to be true at once when it comes to all the hype and hate around Bitcoin. Either Bitcoin is a bubble or it's the beautiful unicorn that we'll all ride to a future filled with rainbows.

rudito

newbie

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Quote from: jaysabi on October 15, 2017, 08:54:36 PM

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.

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.”

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.

Bitcoin is risky and its value could fall low as the market is full of panicked sellers, but even if the value of bitcoin falls does not mean bitcoin is a bubble.

Boris_sahnevich

jr. member

Activity: 280

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Bitcoin is gradually entering daily life, so I think that it is not a bubble. Perhaps in the future this will be the usual currency

Ronyx

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Quote from: jaysabi on October 15, 2017, 08:54:36 PM

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.

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.”

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.

Bitcoin is not a bubble, bitcoin is a reliable coin and earns trust as the best coin. In the crypto market there will always be demand for bitcoin and it will make bitcoin last long-term.

2@abcdeeply

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Not at all, because BTC is now widely available and beneficial to economies in developed countries. So I think the BTC will last forever and grow the most sustainable compared to other business markets.

Gaurav11kb

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If Bitcoin was a bubble then it would have been burst by now or in 2013 or many times when it rose high and went down. Its not a bubble, it is the mothercoin and whole crypto industru follows its trend.

lobanoval

newbie

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It is not a bubble. How can you compare it with a flower, it is being used as a payment medium and is thus having real life application.

rohitkaira

newbie

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Bubble is generally when price of an asset or commodity is over valued due to unexpected demand or shortage of supply but in case of Bitcoin its a new technology which cant be valued accurately till we have similar or comparative assets for judging the actual value. It happens with most new technologies and once there are more similar assets or technologies in the market then only we can have more accurate valuation of Bitcoin. At this stage I dont think its a bubble, it might be overvalued or under valued.

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