Is Bitcoin a bubble? - page 4. | Bitcointalksearch.org

lequyen

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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?

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

Gogochen

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Bubbles simply because they don't realize the true value of bitcoin.
The thunderbolt network addresses bitcoin's current flaws, and then bitcoin will become an international currency.

Xalata

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When are people in this community come to the realization that bitcoin is here to stay and so are cryptocurrencies. if bitcoin was a bubble it would not have survived up to this time for so many people to invest into it and earn. Please get your facts about bitcoin right and stop believing in the FUD being spread around.

Shyamthakur3

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Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority. It’s sole purpose is to become a new payment system on its own.

wairawein

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Bitcoin is probably not a bubble, it's really valuable to everyone, it's electronic money and maybe in the future people will use it as a currency.

Velkro

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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.

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)

jcmansah7

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Bitcoin is not a bubble so please stop spreading such false informations about it. The spread of such untrue information only brings the value of bitcoin down.

biskitop

full member

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if bitcoin is a bubble, it should have erupted today. How come? the price of btc which reached $ 20k at the end of 2017, suddenly fell to $ 7k today. how can such a situation still survive in the market and not be lost and trading volume? because bitcoin is volatile, and it's still possible to go up again, and it's still very big.

Giardina

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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?

Periodically starts such threads about the bubble,about the end of the era of bitcoin, etc. Market of course,is now in a very unusual condition,and it scares everyone.But you need to understand that bitcoin is a completely new progressive phenomenon in the financial world and it simply can not burst..

Haoque89

newbie

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Bitcoin is still alive and developing very strongly. Now, if you want to stop bitcoin transactions, you almost have to crash your social networking wifi network ... so the chance of bitcoin die is very low. bitcoin is not a bubble

vovanlau1

jr. member

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Actually BTC is a currency like gold. Used as a store of value, method of exchange and the satoshi used as price valuation for other coins and tokens. BTC is not a bubble for sure.

Medoo1111

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How to get coins in ebonus.gg

Flor1982

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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.

Sandracrypto

jr. member

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Bitcoin is never a bubble. Please i wished you could first get to know and understand the crypto market and trade. Bitcoin is a digital currency similar to physical fiat, but with bitcoin, it comes with a decentralized ecosystem..

ladner

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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 believe the bitcoin is really the bubble and the bitcoin bubble is breaking, you can see that the bitcoin price has been dropping sharply over the past few years and from $ 20,000 bitcoin has dropped to $ 6,000 at the present time. The bitcoin price has dropped by more than 70% of its value. So, I think you should not continue to invest in bitcoin.

vy99

member

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A bubble just means that the price is inflated but it doesn't mean that it's a scam or anything. The price might go up or down but that doesn't necessarily mean it's a bubble.

bungutko

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In my opinion, I don't think btc is a bubble as it had proven globally what it had achieved in the last year of 2017 wherein it almost had reached $20k. Many newcomers believed btc is a bubble since they lack the history about btc and they just happen to conclude without any validation.

AXELNetwork

member

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Quote from: franky1 on August 14, 2018, 04:28:39 PM

the technology is real. its not vapour.

but th price. thats a different story. but we first need to address peoples worry or confusion over "bubble"
the real estate(houses) market has had its bubble period. this does not mean a house is not real
tulips had a bubble. this does not mean the flower is not real

a bubble does not mean the tech/the asset is fake. it means a TEMPORARY PRICE is inflated and will pop
a bubble does not mean its ben a bubble from day one or will always be a bubble..
again for emphasis. a bubble is a TEMPORARY INFLATED PRICE THAT CANNOT SUSTAIN ITSELF

all a bubble means is that the price is hyper inflated and will pop.
the two major bitcoin bubble periods was 2013 and 2017

bitcoin is not in a bubble. the 2017 correction occured and now we are down at the low levels where real value lay.
this is uaually the best time to buy in.

This is the best explanation of it all. Similar to the housing crisis in 2008, the prices were overvalued but it didn't mean that real estate was a scam of some kind.

xiahui135

member

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it is. Because the block is locked to 1M, and there will be no more transactions. And this result no gain of BTC adoption in future.

bobo012

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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?

Bitcoin is definitely not a bubble. It has to small market cap, it is litteraly nothing in the grand scheme of things. It is play money for some derivates and other playgrounds that wall street plays with. It doesnt need to be denominated in btc, it is just physologicaly expensive, because people see a big price on a unit. We could set it in bits and the same people that thought it was expensive, would think that it is not expensive.

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