Topic: Is Bitcoin a bubble? - page 5. (Read 1667 times)
In how many times i read a similar topic but it same thoughts and many speculation that always saying bitcoin is bubble, scam and etc. But many of those investor and they using bitcoin as primary usage for transaction that bitcoin is not bubble and i also believe that bitcoin will be the new money but in digital at will rise again the value. Be patient and don't panic.
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?
The question for me is whether these fiat will actually be abandoned giving the fact that bitcoin is a digital currency which is not carried around like fiat.
I think even if it were possible that fiat is not used again, obviously the value will fall drastically because its exchange value has died and of no value. This is like trying to put a name in something that exist in vacuum.
It is true that the bitcoin market made it raise its price far beyond what is rationally sustainable, but we must be sure that the technology that supports bitcoin is much stronger than the speculative waves that the market tends to create, so I find it difficult to qualify bitcoin as an empty and worthless bubble.
Я дyмaю чтo биткoин и дaльшe бyдeт paзвивaтьcя, этo yжe cтo пpoцeнтoв!
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.
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.
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 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?
Its a long term game for the Big Daddy of Crypto, just average your way into it over time, turn the market off, and you'll be fine.
Mmm ... what an original and different from other topics.
Okay, closer to the point. Whether bitcoin is a bubble or not will only show time. Because you can not say for sure whether it is so or not. At the time when only credit cards appeared, too few believed in their success ... and at that time it was also possible to say that it was a bubble. However, they are now very actively used to this day
Okay, closer to the point. Whether bitcoin is a bubble or not will only show time. Because you can not say for sure whether it is so or not. At the time when only credit cards appeared, too few believed in their success ... and at that time it was also possible to say that it was a bubble. However, they are now very actively used to this day
Everyone seems to ask this question. Yes, of course it was a bubble. Is it a bubble now? No.
When you've got people who have never executed a trade in their lives checking the price of bitcoin like it's a letter from their lover, it's a bubble. Investing is not for the faint of heart. If you cannot bear the pressure, don't bother putting your money on the table. Go and talk to an investment advisor who will direct you to whatever asset your bank has an excess of at that time.
Bitcoin will now start behaving like a normal asset because all of those morons who jumped in blindly are so hurting that they won't come back anytime soon. So we can see rational price action, soon hopefully.
When you've got people who have never executed a trade in their lives checking the price of bitcoin like it's a letter from their lover, it's a bubble. Investing is not for the faint of heart. If you cannot bear the pressure, don't bother putting your money on the table. Go and talk to an investment advisor who will direct you to whatever asset your bank has an excess of at that time.
Bitcoin will now start behaving like a normal asset because all of those morons who jumped in blindly are so hurting that they won't come back anytime soon. So we can see rational price action, soon hopefully.
in my opinion bitcoin is not a bubble, but bitcoin has experienced a very bloated and shrinking price very quickly.
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.
Over the past 12 months, the price of a Bitcoin has surged tremendously. Back in January 2017, the price of 1 BTC was about $700 — roughly the cost of a flagship iPhone. Come December 2017, it almost scaled up to $18,000 — the cost of 18 iPhone Xs. And you would be surprised to know that the price was just around $2500 in August 2017
Over the past 12 months, the price of a Bitcoin has surged tremendously. Back in January 2017, the price of 1 BTC was about $700 — roughly the cost of a flagship iPhone. Come December 2017, it almost scaled up to $18,000 — the cost of 18 iPhone Xs. And you would be surprised to know that the price was just around $2500 in August 2017
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.
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 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?
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