Is Bitcoin a Bubble or Not? - page 2.

LUCKMCFLY

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I think it's not bubble because simply Bitcoiny-USD has a well-defined structure, (My analysis is based on Wyckoff's Philosophy) and taking into account what Malkiel Burton says in his book "A Random Walk by Wall Streeth" the bubbles have a structure of a large PUMP and fall without recovering, like this:

On page 44 of the book, this is a representation of a bubble-style chart when the South Sea Companies passed.

Based on my personal analysis Bitcoin-USD has a clear structure, representing a business model, where there is a large volume, and I dare to say that we are in the Accumulation phase ...

Its volume clearly represents that Bitcoin-USD can not be a bubble because of the number of operations that there are every day, in a few months, years, or as long as necessary we will see the growth of Bitcoin and will have new highs where there will be many new millionaires. For this reason it is not a bubble. Do you think the same as me? Someone else that can give me your opinion.

n0ne

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Quote from: bitcoinisbest on February 22, 2019, 12:43:58 PM

Quote from: Ronyx on February 22, 2019, 12:04:06 PM

I don't think so, because if I think of bitcoin as a bubble then I will go away, the market price is indeed unstable and can decrease or increase high, and I prefer to react with patience.

It is obviously not a bubble only thing those who keep on saying either does not want others to invest in it or they cannot invest due to some reasons and want others also to stay away from the money making opportunity. So understand and do you research and buy it.

Yes, it's good to have a self analysis on the market and make an investment. Different people come with varied opinions on bitcoin. People who missed the opportunity to make an investment when the price was low and looking its tremendous growth state it as a bubble. This is people's mentality and for this I never consider it a bubble. Analyzing the growth will give an outline, but if one has got a fixed mind it is hard to change.

bitcoinisbest

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Quote from: Ronyx on February 22, 2019, 12:04:06 PM

I don't think so, because if I think of bitcoin as a bubble then I will go away, the market price is indeed unstable and can decrease or increase high, and I prefer to react with patience.

It is obviously not a bubble only thing those who keep on saying either does not want others to invest in it or they cannot invest due to some reasons and want others also to stay away from the money making opportunity. So understand and do you research and buy it.

ajqjjj

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Quote from: Ronyx on February 22, 2019, 12:04:06 PM

I don't think so, because if I think of bitcoin as a bubble then I will go away, the market price is indeed unstable and can decrease or increase high, and I prefer to react with patience.

Bitcoin is a only hope for all the cryptocurrency so all are accepting the market situation but few of them are still not accepting the fluctuation. We never guide the anyone because own analysis is teach everything in this society. Bitcoin bubble was successfully stopped in this month so we expect some bullish trend.

Ronyx

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I don't think so, because if I think of bitcoin as a bubble then I will go away, the market price is indeed unstable and can decrease or increase high, and I prefer to react with patience.

vintages

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In my own opinion, whether it's a bubble or not, whoever that wants to rush in and sell should go ahead and do so. It's high time we purge this market from inconsistent traders and investors because part of the reasons why this market is unstable is because of many investors irrational fear and panic action of quick selling.

jozymens7

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I do not see bitcoin as a bubble because of the tech following it which is causing almost every institution to apply it. The fear of missing out is on the increase because everyone knows that bitcoin is in to last forever and ever. If you don't learn the tech behind it, you will be a beggar in the next couple of years.

Supercrypt

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Bitcoin may have bubble time to time but bitcoin markets itself cannot be a bubble like it cannot survive for more than 10 years without having actual concepts and potential. A bubble may attract more investors and scam them in very short period of time as just circulating the money is the only business there. Here, bitcoin itself a money and investment instrument.

In 2017, by November first week bitcoin got value of $10k which may not be a bubble by considering the investor base and hype but rising from $10k to $20k had happened within a 3 weeks of time which must be suitable for terming as bubble.

Adriano2010

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No bitcoin not a bubble, even if it looks like that. And yes bitcoin is worth investing, but as is an investement, always invest only money that not need, because can take a lot of time to make profit and better always have cash money, because we can't get buy with bitcoin all we need.

justdimin

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First of all, you can learn for those who call bitcoin a bubble how they have changed their opinion because they have seen that it isn't, secondly, the price growth was expected due to mass adoption in 2017 and we are now seeing a price correction. Just like during the time when the internet was first launched, many company began to go create an audience on the internet and after a while, the a podge began to separate the good from the bad and only few companies stood.

SIDDHI777

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Answer would be Bitcoin was never a Bubble and will never be one but many say that because during the previous price decrease the dip was much higher and losses were much bigger than any other time in the crypto market history so many traders lost there hard earned money instantly so with that kind of situation without understanding this as a temporary situation some say Bitcoin is a bubble in the financial history even it is not in reality

Prettymie

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Bitcoin has the real intentions why it was created and we have seen how useful it is. The market manipulators had taken control of the market price which seems is not good to the small-time investors as they don't have the enough funds to sustain in the long bearish market. This is the point why bitcoin could be dangerous to people who can't afford to wait until the recovery. Whether it's a bubble or not the risk is too high which we need to consider before putting our funds.

South Park

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Quote from: chulos on February 08, 2019, 08:08:30 AM

Although the bubble helped the sector as such, it always burned people who came into play as the last.

snip

True, but it is their fault if they decided to invest in this market so late, it is not like bitcoin has been a secret or anything, bitcoin has been well known at least since 2013 so anyone complaining they lost money when they invested at the end of 2017 must not blame anyone but themselves because they were the ones that took so much time to invest in a market that was giving profits during a whole year before it crashed.

SIDDHI777

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Bitcoin is a valuable asset and also the best solution that was invented for current financial problems but it was never a financial bubble but this situation was occurred because people started to use it as a trading commodity than a currency for real world payment purposes which is not a problem with bitcoin but a problem with its users greediness, stupidity and lack of creativity to use it in there businesses to gain benefits and profits so I hope at least in the future this will change

omonuyak

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Everything assets that are been traded in financial markets were one time to time bubble in price and bitcoin is not different. I think bitcoin is not a bubble but an asset that is reacting to the market.

gabmen

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Quote from: sirohige on February 07, 2019, 10:02:51 PM

Quote from: Micerker on February 03, 2019, 06:35:25 PM

Bitcoin is a bubble, but now it explodes when it flies too high. Currently, Bitcoin is like a balloon, and it is waiting for someone to pump air into it so it can fly. We can now consider it something difficult but still have to wait.

Bitcoin price movements are not just like bubble but bitcoin is more like a very large tsunami wave that will rise to high when there is good news and like what happens with waves in the sea will rise when there is a big earthquake.

☝☝☝ what?? A little bit too poetic dude to compare it to a tsunami lol. I agree that it's more like a balloon that's being deflated and inflated over time. It's constantly happening all throughout bitcoin's existence and will continue to happen way into the future.

chulos

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Although the bubble helped the sector as such, it always burned people who came into play as the last.
Personally, i do not consider Bitcoin as a bubble for the following reasons:

1. Bitcoin is not a bubble, because the blockchain technology is revolutionary and changes life.
2. Bitcoin is not a bubble, because you need to stop the internet to stop the bitcoin.
3. Bitcoin is not a bubble, because if people are going to continue mining, will continue to increase.
4. Bitcoin is not a bubble because it is not controlled by the institution.
5. Bitcoin is not a bubble because more and more companies accept it as a form of payment.

And so it can continue.

sirohige

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Quote from: Micerker on February 03, 2019, 06:35:25 PM

Bitcoin is a bubble, but now it explodes when it flies too high. Currently, Bitcoin is like a balloon, and it is waiting for someone to pump air into it so it can fly. We can now consider it something difficult but still have to wait.

Bitcoin price movements are not just like bubble but bitcoin is more like a very large tsunami wave that will rise to high when there is good news and like what happens with waves in the sea will rise when there is a big earthquake.

South Park

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Quote from: Kakmakr on February 04, 2019, 12:48:58 AM

What if it was? We had the Dot Com Bubble and the Property Bubble a few years ago and look what happened. Most of the big companies bounced back after that bubble burst and they are back even stronger than they were before that bubble burst.

Property prices are back to normal in most countries where the Property Bubble burst and it is once again a good investment tool. People should not see a "Bubble" as a bad thing, but rather a opportunity to make some good profits when others are greedy. Sure this is not 100% ethical, but this is how Stock markets and the financial system work. Tongue

As long as what you are doing is legal I do not see the problem of earning money in the markets, all the market participants are looking for the same thing which is to increase their capital, if there are a few participants that can take advantage of the distortions in the market then it is their duty to do so because if they do not then someone else will, some people see it as unethical but that is because they do not understand the market, but if they did and could get profits out of it they will do the same.

Magkirap

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Quote from: alexstephen on February 03, 2019, 01:00:38 AM

You must have heard about Bitcoin. Is it a get rich quick scheme, fraud or what? To know, read and become familiar with the mystery of Bitcoin. Almost a decade has passed since the invention of Bitcoin and cryptocurrencies.

Is Bitcoin Worth Investing?

   Bitcoin is a decentralized system with no political institution or central issuing authority controlling the exact amount of circulation. Essentially, it is structured on the blockchain technology. It is one of the secure modes of privacy in the digital and technological world.
   Bitcoin witnessed tremendous growth in 2017. The late December made a wide range of Bitcoin holders rich and in no time. Since then, a decline has been the fate of the Bitcoin and thus the rest of the cryptocurrencies.
   Should you invest in Bitcoin? None knows the absolute answer to be true. Nevertheless, a thorough examination of the past trends and the future trends speaks volumes about it.

Hodl or Sell?
   If you are a crypto freak, hodl must be familiar. It means to hold the amount Bitcoin a person is holding. The current prices of Bitcoin range between $3,000-4,000. A year ago, a single Bitcoin cost well above $15,000. Those who sold it were the winners.
   What about those who are still hodling? They must be foolish or something like that in your opinion. Do not rush to pass judgments.
   What if Bitcoin witnesses another uptrend that it received in late 2017? Bitcoin at $25,000, how does it sound? Amazing!


Replacing Paper Currency
   Thousands of cryptocurrencies are in the market. The king is Bitcoin. If the price of Bitcoin rises, other cryptocurrencies also accelerate. How long the trend of paper money and the manipulation of the bank will continue?
   Experts have claimed Bitcoin will be the new digital currency because of the safe transactions. It is very volatile though which makes it controversial. Primarily, the manipulation of whales and big guns dominate the decline and rise in the prices of Bitcoin.

The Future of Cryptocurrencies
   Bitcoin holders must be worried. The extremely low prices of Bitcoin are a dangerous sign for them. What hides In the future?
   Will Bitcoin reach a million dollars or the bubble will burst in the future? This question is killing the internet platforms these days. With immense money been put into Bitcoin, people are unsure whether to sell or hold their Bitcoins amid the crisis. Their condition is similar to the boy who is unsure and always cries in front of others to Write My Essay.
   The security of Bitcoin is also not absolute. Several instances have been reported where wallets storing the digital currency were hacked and looted. Without a shade of doubt, the blockchain technology can never be shattered in the current times. The fate of blockchain technology will change entirely after the advent of advanced computations and technology.

The Final Word
The blockchain technology is promising and has amazed everyone in recent years. The future of Bitcoin is neither bleak nor bright. Without several speculations and rumors, none can claim that it will reach this pri
e by the end of this year. A thing is for sure. The prices of cryptocurrencies will continue to face a decline in the near future.
If they do manage to witness a surge, it will be next to a miracle. For you, this is the right time to buy Bitcoin. If you desire to buy it in the future, the prices will certainly be higher.
So, invest what you can afford to lose and let Bitcoin do wonders for you.

Bitcoin is very worth to invest even the price now is very down. Until now we are not sure if bitcoin or other cryptocurrencies have chance to replace paper money but we are modern era where all of us always use internet so I think somewhere in the future there is small chance that cryptocurrencies might replace paper money. But, I want to say and I'm surely that bitcoin will never become a bubble.

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