Is Bitcoin a bubble? | Bitcointalksearch.org

zazarb

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Quote from: batang_bitcoin on August 21, 2018, 04:59:50 PM

How many times we're going to discuss this bitcoin bubble topic. If they are thinking that its a bubble, let them be and tell them that it already popped. Why would they want to say good things on the currency that is going to be a tough competitor for their depositors and investors. Real estate is a bubble and almost everything that gives people potential profit is being called as a bubble.

rightly said, there will always be people who will say that this market is a bubble and they do not change their opinions, so it's not worth the effort.

patispace

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I think we should keep in mind that bitcoin is far beyond the speculative instrument in which the market has converted it, because it is really a technological solution to many of the problems of today's society that would be equally valuable even if its market price was a dollar or a million. Personally, I think that its price was strongly altered by the speculative wave of 2017, for which I have no doubt that this bubble ended up bursting since a volatility of such magnitude was absolutely untenable, and I even believe that there is still room for a greater correction towards the $3,000 line.

lelylely

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The price of bitcoin is indeed very volatile and it makes bitcoin does not have value stability, bitcoin can rise high and at any time can fall free. I think bitcoin is not a bubble, only bitcoin prices are not stable.

Epimetheus

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Bitcoin is a volatile currency. like it nature it price fluctuate time to time. So it is not a big deal. But Bitcoin price constantly decrease in resent some times and because of this many investors and economist predict that it is biggest bubble of the year. According to them bitcoin price is increase instantaneously like bubble and sudden decrease like a bubble burst. But i don't think so that it is a bubble. It is accepted by many multimillion companies and because of this its price will increase in near future.

Klausi

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Quote from: omonuyak on October 02, 2018, 04:18:52 PM

Many people especially those that are bearish on bitcoin has said this several time but I did not believe bitcoin is a bubble. I do believe that bitcoin is the future of money and the money of the internet and the early we adopt this fact the better for us. Cryptocurrencies has come here to stay and those that understand this will make money from it in future.

This was a very long story to tackle of and that bubble was still none proven. The volatile market is one of the main cause why people and other group of financial analyst always tell us this bad omens of crypto.

omonuyak

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Many people especially those that are bearish on bitcoin has said this several time but I did not believe bitcoin is a bubble. I do believe that bitcoin is the future of money and the money of the internet and the early we adopt this fact the better for us. Cryptocurrencies has come here to stay and those that understand this will make money from it in future.

Guideare

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Quote from: BitCent Exchange on September 17, 2018, 11:58:45 AM

To me, everything could be a bubble.. Its because any tradable things may react to market speculation.

All you mentioned are true but it will take long time. In the long run bitcoin will take over the market and all other currencies will disappear from the market. People will use only bitcoin as their regular currency even in their local markets. But today there are no such signs for growth and acceptance of bitcoin throughout the world. One country bans and other accepts.

BitCent Exchange

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To me, everything could be a bubble.. Its because any tradable things may react to market speculation.

Dreamchaser21

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Quote from: marcbitcoins on August 21, 2018, 05:08:57 PM

Quote from: Nicoleaustin86 on August 14, 2018, 02:49:09 AM

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I agree with you that every bubble should burst easily that if Bitcoin is a bubble then 1 year is long enough to make that burst to happen but Bitcoin still exist and its become more popular everyday, in fact more nations now are using it as currency like Germany and Japan so i think Bitcoin will burst is a myth.

Bitcoin is really not a bubble, just because the recent drops people easily says that its a bubble not knowing the previous trend of this bitcoin. This market drop for many times in the past years and yet we see a great bounce back of bitcoin. Now we are dump again but later on you will see a big spike on the price again.

marcbitcoins

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Quote from: Nicoleaustin86 on August 14, 2018, 02:49:09 AM

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I agree with you that every bubble should burst easily that if Bitcoin is a bubble then 1 year is long enough to make that burst to happen but Bitcoin still exist and its become more popular everyday, in fact more nations now are using it as currency like Germany and Japan so i think Bitcoin will burst is a myth.

batang_bitcoin

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How many times we're going to discuss this bitcoin bubble topic. If they are thinking that its a bubble, let them be and tell them that it already popped. Why would they want to say good things on the currency that is going to be a tough competitor for their depositors and investors. Real estate is a bubble and almost everything that gives people potential profit is being called as a bubble.

btc_angela

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Quote from: hicies on August 21, 2018, 06:17:22 AM

Quote from: pinot95 on August 17, 2018, 08:26:12 AM

Quote from: Nicoleaustin86 on August 14, 2018, 02:49:09 AM

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I don't think bitcoin is a bubble, if it is then it would have popped already. The volatility of the market makes it incredibly unpredictable, but today’s prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.

Yes I also think that bitcoin is not a bubble, currently bitcoin price is totally depending on the increasing interest of the investors, if they will continue taking interest in bitcoin it will surely I cause the bitcoin price to increase.

How can it be a bubble when we have limited supply of bitcoin. Those bubble's in history doesn't have the luxury. Supply is not limited in case of the tulip mania, everyone can have its own tulips in their backyard. As opposed to bitcoins which has a limited supply of 21 millions only and everyone wanted to get at least 1 BTC in their lifetime. And even if it burst, sooner or later it will continue to bounce back and recovery.

hicies

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Quote from: pinot95 on August 17, 2018, 08:26:12 AM

Quote from: Nicoleaustin86 on August 14, 2018, 02:49:09 AM

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I don't think bitcoin is a bubble, if it is then it would have popped already. The volatility of the market makes it incredibly unpredictable, but today’s prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.

Yes I also think that bitcoin is not a bubble, currently bitcoin price is totally depending on the increasing interest of the investors, if they will continue taking interest in bitcoin it will surely I cause the bitcoin price to increase.

Ourplealis

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Quote from: Robert_Austin on August 17, 2018, 09:30:47 AM

Quote from: pinot95 on August 17, 2018, 08:26:12 AM

Quote from: Nicoleaustin86 on August 14, 2018, 02:49:09 AM

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I don't think bitcoin is a bubble, if it is then it would have popped already. The volatility of the market makes it incredibly unpredictable, but today’s prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.

Well I don't know about you, but I'd certainly call a drop from 19k to 6k a pop. A bubble popping doesn't necessarily mean that it is gone, poof, zero. A bubble can pop and then regain value after some time. The tech bubble of 2001 popped and lost an immense amount of value, but look, the NASDAQ is still alive and well. It may not have the same valuations as it did back then, but it's still being traded.

Bitcoin will behave in the same way unless something new and amazing happens. It'll move in slow but steady movements, not in giant leaps like last year.

In previous few years the situations have become totally changed. May be in previous time it was too easy to manipulate the bitcoin price, but now as time passed because of the increasing number of investors it has become too much difficult to manipulate the bitcoin price.

Mhd-Bobbi

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Quote from: insto on August 14, 2018, 06:48:05 AM

While bitcoin is still in digital form, bitcoin will never shift the position of the dollar or euro. Bitcoin does have advantages, but bitcoin cannot be used in certain situations, for example: buying candy at street vendors, and giving money to beggars on the road.

Yes you are right, I agree with your opinion.
I think all coins are based on dollars and other currencies. So it's impossible for Bitcoin to get rid of the dollar or euro. Because buying bitcoin also uses dollars. Without dollars, they cannot buy coins.

HDContent751

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BTC still not destroyed but it's not easy task for BTC to recover from their current situation. If the will be stable in future they should be good but there will be some disadvantage too.

DanielJacob

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BTC not a bubble but there are still hope that it will be increase again and it will be take long time.

Paide1942

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No, I don't think it is a bubble. Yes, it was a bubble before, but not now. It has passed many bad situations and survived. So, it is not a bubble to me.

Leed1962

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Bitcoin is not a bubble. It is the future. Bitcoin is going to be a future currency which will be accepted by everyone. We just need to wait for its price to increase. We need to hope and trust the crypto market.

Toildrairrur

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I don't believe that bitcoin is a bubble. The nature of crypto market is that the price will not be the same always, it will go up and down. But that doesn't mean that bitcoin is a bubble. Bitcoin is still on top of the market for a long time. Currently, bitcoin has 50% dominance in the market. So, it is definitely not a bubble.

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