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Topic: Is Bitcoin a bubble? - page 3. (Read 1696 times)

sr. member
Activity: 2506
Merit: 368
August 17, 2018, 04:48:44 PM
#51
People for a long time called bitcoin bubble, called even in 2013, when it cost 35 dollars. After all, this is an unexplored territory. We still do not know how to evaluate this currency and what will happen to it later.
Even today they still call it as a bubble every time when Bitcoin started to decline the market price and drop so big. They just compare it to the tulip mania because of the sudden fluctuation of the price of a single tulip before and then later on it's just gone which brings to most investors to get bankrupt when they bought the tulip for a high price.
member
Activity: 308
Merit: 10
August 17, 2018, 02:43:56 PM
#50
We can discuss about that Bitcoin is bubble or not. When we re talking about it, some people already make a big profit.

Obviously, bitcoins is bubble because the market price will drop immediately after the price of cryptocurrencies skyrocket in the market so obviously, bitcoin is a bubble.
full member
Activity: 476
Merit: 105
August 17, 2018, 12:27:44 PM
#49
It's either they don't understand how bitcoin works or they are insisting it despite the knowledge about crypto because they have some agenda to make not  surprised as the day I learn about crypto up until now they still call it bubble you can also witness tons of post, spam, and fuds saying it is bubble, dead and a fake currency but the opposite always happen to bitcoin they are just riding the flow of the market.
newbie
Activity: 20
Merit: 0
August 17, 2018, 09:30:47 AM
#48
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.
jr. member
Activity: 70
Merit: 1
August 17, 2018, 08:26:12 AM
#47
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.
legendary
Activity: 3654
Merit: 1165
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August 17, 2018, 07:37:08 AM
#46
Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
Please stop calling it a bubble, bubble needs to burst and worth really low, bitcoin has never been this high aside from month of December. There was an insane raise in price in December to $20k but if you remove December from the equation the price has never been this good in history so we are actually doing very well.

Just because there was a great 1 week period doesn't change a 10 year history of bitcoin. I think in order for bitcoin to be bubble we would need a lot more investors and we need the bubble to last more than just a week, if $20k or so lasted like months or even years and it was incredibly overpriced for long time than just one day crashed and stayed there, than we could call bubble, just one week of $20k and back to amazing prices doesn't make it bubble.
newbie
Activity: 24
Merit: 0
August 16, 2018, 10:58:34 PM
#45
Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.

Bitcoin have bubbles, they comes and goes periodically. Altought behind that you have real revolutionary technology.
So it doesnt matter if there is bubble sometimes, bitcoin itself is revolution and there will be always price on that, what price? it depends, but i doubt it will fall in price in next 20 years (in big period of time of course)

That's right, but in my opinion bitcoin prices will fall in the next 20 years is very difficult, I think it will return sooner, but to reach the $ 20,000 as the end of 2017 is very difficult, maybe 20 years to it will not be achieved.
hero member
Activity: 553
Merit: 500
August 16, 2018, 08:20:03 AM
#44
I have heard this argument so many times before that even the famous Bill Gates and Warren Buffett saying that it was a bubble but for me that until the day will come that it will burst or the value become $0 then that will be the time i would say Bitcoin is truly a bubble that burst but for now it is very impossible to happen. So better let them wait and see.
The world "Bubble" repeated millions times over the recent years some believe , some deny . so waiting here is nothing . actually what happening now is handing over from old investors  to new ones .
lets them talk and do your work .
member
Activity: 490
Merit: 10
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August 16, 2018, 08:12:16 AM
#43
We can discuss about that Bitcoin is bubble or not. When we re talking about it, some people already make a big profit.
sr. member
Activity: 958
Merit: 256
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August 16, 2018, 08:09:41 AM
#42
People for a long time called bitcoin bubble, called even in 2013, when it cost 35 dollars. After all, this is an unexplored territory. We still do not know how to evaluate this currency and what will happen to it later.
But bubble is not the thing that has its own ups and downs like bitcoin, for me it is just like on normal market that we know from every day use, price could go up and down, the same like bitcoin.
full member
Activity: 360
Merit: 100
August 16, 2018, 08:03:53 AM
#41
I have been investing for several years, and was engaged in land investment and the Internet. And I'll tell you, my friend, you have to be patient. if you get upset about every little thing, you will have a gray head by the age of 30 or a nervous tick by the age of 40. Relax and think before your every action on the market, don't panic. And about the bubble, no bitcoin is a bubble, unlike Ethereum....
newbie
Activity: 113
Merit: 0
August 16, 2018, 05:46:48 AM
#40
People for a long time called bitcoin bubble, called even in 2013, when it cost 35 dollars. After all, this is an unexplored territory. We still do not know how to evaluate this currency and what will happen to it later.
newbie
Activity: 24
Merit: 0
August 15, 2018, 09:45:43 PM
#39
it only grows and to me, it is a natural and natural existence that is more important than all human intervention.

Yes, bitcoin is natural, but if you think bitcoin does not have human intervention, then the price of bitcoin can reach $ 20,000 as of the end of 2017.
brand new
Activity: 0
Merit: 0
August 15, 2018, 03:09:36 AM
#39
 I don’t think Bitcoin is in a bubble. With the acceptance of Bitcoin as a legal payment method for peer-to-peer and peer-to-merchant transactions in countries like Australia and Japan, the global trust and desire to acquire Bitcoin is only going to rise. If cryptocurrency is to replace fiat currency as the sole legal tender across the globe, it has a long long way to go.
 So I believe the price is only going to go up and investing in Bitcoin would be a wise choice before it gets too late.
newbie
Activity: 96
Merit: 0
August 14, 2018, 11:25:10 PM
#38
When Bitcoin has not determined the true value plus the profit margin is too large, the market size is still very small, if there are bubbles, then these are the right time to join, as soon as possible, before it. broken
newbie
Activity: 112
Merit: 0
August 14, 2018, 11:11:45 PM
#37
Why can you say bitcoin is bubbly? If bitcoin is a bubble I do not think there will be many investors investing in the ball but in fact the bitcoin is the digital currency that is present to us with the economy and the new investment trend of investing.
newbie
Activity: 27
Merit: 0
August 14, 2018, 11:11:25 PM
#36
Yes, bitcoin is a bubble! The bubble burst Grin
full member
Activity: 476
Merit: 100
August 14, 2018, 11:09:37 PM
#35
bitcoin is crypto or it can also be called a digital currency that can make money by following signatures or prizes and sometimes it can be said to fail and it depends on the signature we will choose.
newbie
Activity: 171
Merit: 0
August 14, 2018, 11:05:23 PM
#34
Bitcoin is defined by mathematics, only a certain number, distributed in a certain way .. and it is pure, no individual or company controls it, it only grows and to me, it is a natural and natural existence that is more important than all human intervention. It's not a bubble
member
Activity: 672
Merit: 10
August 14, 2018, 10:56:19 PM
#33
Many say that bitcoin is a bubble, but I don't think because what happens with bitcoin is a natural thing because it is based on naturally occurring needs and the stock.
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