Is bitcoin a bubble? | Bitcointalksearch.org

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: cabron on February 19, 2021, 08:55:58 PM

They've been saying Bitcoin is a bubble for a decade already and then bitcoin is going to die. They weren't just nobody but well-known individuals who had been in the finance industry for years comparing it to the tulip bubble. Now they look at themselves being the joke after bitcoin keeps breaking its ATH. I think some of them already admitted they were wrong.

Some people just can't understand what Bitcoin is and where its value comes from. They look at it like it should be a real coin and then find out they can't touch it and there's no maker they can blame for all the problems and it makes them confused Cheesy

I say ignore them and keep going. You don't invest for them but for yourself.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: Oshosondy on February 19, 2021, 01:45:17 PM

What I know recently is that calling bitcoin a bubble is not true, bitcoin truly increase price and reduce price, but bitcoin still have one thing in common, if the price decrease today, it will increase back later in a way it will supersede the all time high. Many years ago, people that believe in bitcoin only like to hold, thinking its price will increase no matter what because they have fathom how people will still know the true value of bitcoin. 2018 was the worst year for bitcoin as it decrease below what people can think about, which bring the impression of bitcoin being a bubble to be more solid, but in 2020, after Halving, the price of bitcoin increase and now in 2021 the price increase above $50000. I am thinking calling bitcoin a bubble is not right, the right ideal word is to believe that the price will rise even after it falls.

Even if bitcoin still fall, the way it is, people will still go for it which will make the price to increase. Remember gold is once at this stage before, but people invested in it made it what it is today, the world are moving from old era to digital time, very possible bitcoin will be the most successful asset in the next 30 decades. Believing in bitcoin will help as the price will still increase, even if it decrease, it will return back and increase more than the all time high.

Nobody can tell because bitcoin is not a company. There is no PE ratio or whatsoever. No dividend yields too. If people are willing to pay $60k for a coin then the price is $60k. If people think it is worth $1k then it is $1k.

But there is something else you can watch for:

The stocks market.

If you think stocks are in a bubble right now, bitcoin probably is too. Because bitcoin's movements are kinda correlated with the stocks since the last year or so. As long as stocks keep climbing, bitcoin will also do.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: Rruchi man on February 19, 2021, 11:48:00 PM

If you consider btc as a bubble, it is to say that it is not stable and will never be stable. I for one hold a different opinion that a time will come that after btc surpasses a certain ATH and gains a level of massive adoption and acceptance, we will begin to witness a more stable btc with a more stable price value range.

Yeah, It's a mass adoption and not bubble. There's a huge difference between the two. This topic has been discussed multiple times and I'm that many answer here was already input on older thread. There is always a FUD incorporated on a massive price, most famous was accusation of bubble due to massive gains.

I will not be surprise that expert traditional traders will FUD bitcoin price as bubble when BTC price reach 100k because they left behind and want to enter on lower price.

ukw

sr. member

Activity: 616

Merit: 250

A number of companies have identified Bitcoin (BTC) as a bubble since its inception about 12 years ago. However, Michael Wu, CEO of the financial services company for digital assets Amber Group, disagrees.

Here is what he says:
"In the early stages this kind of understanding, this kind of skepticism always comes with a lot of price volatility. However, I don't think you can call it a Bitcoin bubble anymore, because, as I mentioned earlier, you have all these institutions, all these billionaires, many companies with several billion dollars, all these newcomers to the crypto space. They buy Bitcoin, buy crypto and there are only 21 million BTC."

Rruchi man

legendary

Activity: 1456

Merit: 1108

Top-tier crypto casino and sportsbook

If you consider btc as a bubble, it is to say that it is not stable and will never be stable. I for one hold a different opinion that a time will come that after btc surpasses a certain ATH and gains a level of massive adoption and acceptance, we will begin to witness a more stable btc with a more stable price value range.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Hell no! Bitcoin isn't a bubble. I think doubters got the memo after Bitcoin didn't collapse in 2017 after the Bitcoin fork in August and the Chinese ban that came almost immediately that same year. I mean, that was the height of it when China banned it and most of us (I was a newbie then) thought that would be the death of Bitcoin. But that isn't the case now and the way it's looking, very soon the entire crypto market will surpass what we have in Forex Trading that has a $3—trillion daily market base. Crypto is around $1.5 trillion ATM. To even think that was an industry which had a less than $300 billion cap in 2020 is really amazing. Bitcoin is a community based cryptocurrency. Until the community abandons it, nothing will. From the look of things, the community isn't yet ready to ditch it. To the moon ot goes!

ubercool

hero member

Activity: 1078

Merit: 504

The question or you may say the TROLL has been going on for years now. Every time BTC pumps or the crypto market cap increases, people pop up from their cave and start trolling that BTC is a bubble. Check the statements from Morgan Stanley, looks so so dumb sometimes. If you think with that perspective, every financial asset is a bubble on this planet. Let the trolls do their job, we will be riding on the wave.. Grin

DapanasFruit

member

Activity: 1218

Merit: 49

Binance #Smart World Global Token

I love to play with bubble when I was just a kid decades ago and maybe if someone can play with me again then probably bubble will be giving me a lot of smiles and some measures of happiness...am a child inside you see. Now, of course, ascribing the bubble to Bitcoin can be a complex discussion as there can be many ideas, parameters and biases we can be bringing into it. For the past many years, Bitcoin has been called a bubble that will be bursting anytime but lo and behold it survived the test of time and beyond the criticism of many good-meaning and popular personalities - with some of them now already converted on our side. Personally, am not looking at Bitcoin like a bubble but something that can go up and can also go down in price according to the whims of the market...and this is quite true with any asset that is openly traded.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

There was a Good article written back in 2011 that tackles about the Bubble of Bitcoin and about the result .

Try to track back and you may Find some relevant connection

https://bitcointalksearch.org/topic/article-the-bitcoin-bubble-6659

But this is what i Love in the whole article

Quote

Without the need for a central authority, bitcoins are in limited quantity and cannot be counterfeit. If only they had some value, we could use them as money.

and which the best explanation why Bitcoin is so popular and why people are trusting this .

Bitcoin is the future of all currencies around the world and this is not literally as Bubble .

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Questions like will pop up when BTC reach new ATH, this is not important question to answer to people that have owned view, every explaination we give to that people will not change their mind or will make them interest to BTC, so just wasting time.
Bitcoin can be said a bubble if happend in short time but we can see BTC exist more than 10 years and still exist, investor who believe BTC future now in big profit.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

They've been saying Bitcoin is a bubble for a decade already and then bitcoin is going to die. They weren't just nobody but well-known individuals who had been in the finance industry for years comparing it to the tulip bubble. Now they look at themselves being the joke after bitcoin keeps breaking its ATH. I think some of them already admitted they were wrong.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Welsh on February 19, 2021, 06:50:32 PM

This is such a tedious, and pointless discussion at this point. We've got through multiple "bubbles", and its yet to burst. The thing is its highly unlikely Bitcoin would "burst" over night. There's far too much demand, and interest in Bitcoin for it to just disappear. At the moment, this is just tabloid nonsense which will endlessly be churned out, and unfortunately will always end up getting people to click on it which just continuously encourages the same headlines.

Right, 2013 and 2017 bubble and that's it, once it's burst we go back to the drawing board, bear market, you buy at a discount price, whatever it is, wait for the next halving and then boom, another cycle of boom and bust.

Quote from: Welsh on February 19, 2021, 06:50:32 PM

Honestly, the best thing we can do is ignore this discussion whenever its brought up. Its used as a way to discredit Bitcoin, and even if they are right, there's still potential to earn, and make a living off of Bitcoin in the mean time.

Sounds like a broken record, total rehearse argument. Still comparing it to the tulip bubble, but it's very different scenario, the tulip bubble wasn't able to recover for different reasons and not even close to bitcoin's bubble and burst cycle.

Welsh

staff

Activity: 3304

Merit: 4115

This is such a tedious, and pointless discussion at this point. We've got through multiple "bubbles", and its yet to burst. The thing is its highly unlikely Bitcoin would "burst" over night. There's far too much demand, and interest in Bitcoin for it to just disappear. At the moment, this is just tabloid nonsense which will endlessly be churned out, and unfortunately will always end up getting people to click on it which just continuously encourages the same headlines.

Honestly, the best thing we can do is ignore this discussion whenever its brought up. Its used as a way to discredit Bitcoin, and even if they are right, there's still potential to earn, and make a living off of Bitcoin in the mean time.

TravelMug

hero member

Activity: 2632

Merit: 833

We have seen the bubble being burst in 2017 right? So it is a bubble and we have seen it already.

The thing though is that once the bubble is pop, it will go on another cycle (others says its 4 year cycle), unlike other bubble in history wherein it didn't bounce back after it has been burst. And if we have to think about it, this bubble theory really works on our advantage, it's very nature of volatility makes bitcoin very resilient as the price goes on the next bubble after a burst.

koang

sr. member

Activity: 2422

Merit: 264

20BET - Premium Casino & Sportsbook

is bitcoin a bubble?
Dr. Doom: YES ! ! !
Crypto community: NO ! ! !

Whatever people think of Bitcoin, it is clear that Bitcoin has become a game-changer, Bitcoin is a new and innovative financial unit of the future.
And Bitcoin will continue to live and develop as long as it is of use to society.

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

Quote from: Oshosondy on February 19, 2021, 01:45:17 PM

Even if bitcoin still fall, the way it is, people will still go for it which will make the price to increase. Remember gold is once at this stage before, but people invested in it made it what it is today, the world are moving from old era to digital time, very possible bitcoin will be the most successful asset in the next 30 decades. Believing in bitcoin will help as the price will still increase, even if it decrease, it will return back and increase more than the all time high.

You cannot compare gold with bitcoin, gold is always the safest investment for centuries and bitcoin is the new kid in the block and it is a speculation market and now there are huge investments coming in the market and there might be different reasons mainly because of economic slowdown and these institutional investors will always find an alternative market to make the profit.

MinoRaiola

legendary

Activity: 2310

Merit: 1848

Let's try to hear the current market situation from the theoretical side. The coronavirus pandemic that is throwing all financial markets into chaos, which is not working. The US stock market is right near its record highs. Why?

This gave a theory called the "Minsk Moment". Analyst Haiman Minski said that if the market grows irrationally for a long time, a deep slump will inevitably follow. In 1998 and 2008 there were market contexts that differed in order to leave.

The US Federal Reserve owes huge sums of money in the economy. Achieving zero interest rates and bond returns of money straight into company stocks. It is not yet known. If there is a selling cascade that triggers a certain wave of market positions, we have seen selling rights in the stock markets for 20 years.

Source

JeromeTash

legendary

Activity: 2338

Merit: 1261

Heisenberg

I remember some friend of mine who called Bitcoin a bubble. In fact, she even posted about it on Facebook in 2018 as the mighty crash started. How I wish I had made a screenshot of the post. I wonder how she feels right now given that BTC is over $55K
I am still waiting for the most opportune time to rub it in her face Grin

pixie85

hero member

Activity: 2184

Merit: 531

So you think that it's in a bubble because it grows in value to very high levels? Is that it OP?

What about stock market companies who did the same exact thing? Apple, Amazon, Microsoft? People don't talk about them being a bubble because of what reasons? Or maybe the whole stock market is in a bubble?

It's similar with the housing bubble. People were talking about it a for years and it's still happening. There was no crash, while bitcoin had its share of crashes.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Oshosondy on February 19, 2021, 01:45:17 PM

Even if bitcoin still fall, the way it is, people will still go for it which will make the price to increase.

Right.

That's the opportunity for those that are waiting for a dip to buy. They are now seeing the firmness of investing to bitcoin as a store of value. If they miss it out, they would be buying it at a higher price.

Regardless of what people say about bitcoin being a bubble. It will never change the fact that we're now looking forward to see another ATH and for the most awaited part of it is to see it goes $100k anytime soon.

Topic: Is bitcoin a bubble? (Read 263 times)