Topic: is bitcoin bubble? (Read 1466 times)
Yes, bitcoin is like a bubble. Indeed, the rapid increase of bitcoin values is not always like a bubble, but a drastic drop in value is a bubble. Changes in bitcoin prices are based on changes in human behavior, want to buy or sell. The reason they sell bitcoin is probably because of the loss of trust in Bitcoin, because the news that goes on about bitcoin is banned in many countries, the number of people losing bitcoin, etc., makes them fear the future uncertainty of bitcoin
there has been so many articles about this and I am not sure if the price is overpriced or not.
The way you have raised your question it seems like you are telling people that it is bubble and believe it and not asking us.There are number of online articles which state that btc is fraud,bubble or ponzi schemes and various other non sense stuff which tries to spread negativity but we need to understand what actually bitcoin is and then you will know what it actually is. Bitcoin is a bubble. It might collapse anytime and there are no guarantees to it. Even with all the fork and FUD it endured it is still a bubble. For example, the crash last August wherein China bans ICO. The price really went down hard fast in just a matter of 13 days the price fell from $5000 to $3000. I hope we endure more forks and FUDs even though bitcoin is a bubble we can still make it work.
I found this article and OMG bitcoin has best gain than IBEX35 or DAX stock market in Germany !!! interesting tips
check it here : https://noticiasbitcoin.io/2018/02/03/la-tan-criticada-volatilidad-no-es-solo-un-sello-bitcoin/
Bitcoin is a bubble. It might collapse anytime and there are no guarantees to it. Even with all the fork and FUD it endured it is still a bubble. For example, the crash last August wherein China bans ICO. The price really went down hard fast in just a matter of 13 days the price fell from $5000 to $3000. I hope we endure more forks and FUDs even though bitcoin is a bubble we can still make it work.
A lot of articles in google if you search that bitcoin is probably a bubble, others have a positive speculation and feedback about it, if bitcoin is a bubble, it is already pop out of the blue sea, yes a bubble that stays almost 7 years continues to attack by hackers, 7 billion technology behind it that is secured and cannot be compromised nor controlled by an entity, every year in-spite of fluctuations and inconsistency in terms of price, continue to increase and rise up, that's their definition of bubble.
I have read these articles but I don’t understand that why the people thinking as about bitcoin. Are they not seeing the history of bitcoin even full of hard fork speculations? If it is bubble so how is it possible for a bubble to keep continue survival for seven year consecutively. Are the people mad who are investing millions of dollar in bitcoin trading? Have they no earned through bitcoin. I don’t understand the people approach.
Most of the production of coins have the profit of manufacturers of graphics chips and electricity. Maybe in the future they will release your coin and then the investors ' money these altcoins will stimulate these companies. It seems to me that the world of cryptocurrencies will change the stock market. Shares of companies will take the form of cryptocurrency and altcoins these will have great prospects because their price will be determined not by speculative demand. About They will have financial security in the form of production enterprises. I'd invest in altcoins AMD or NVIDIA.
Here is the Wall Street Journal's take on the bitcoin bubble:
https://www.wsj.com/articles/why-bitcoins-bubble-matters-1507515361
https://www.wsj.com/articles/why-bitcoins-bubble-matters-1507515361
Quote
Ask most people about the bitcoin bubble, and they’ll probably have the same reaction: It’s interesting, but it won’t affect me. After all, they’ll figure, they aren’t investing in bitcoin, so if there is a bubble, and it does burst, they’ll be just fine.
Well, maybe they should start worrying.
The market for cryptocurrencies—digital tokens used to transfer money between individuals’ computers with minimal fees—has grown in stature in recent years and is increasingly entwined with broader financial markets as well, a trend that is likely to continue. Bitcoin is now traded by some of the institutional investors around which bond and stock markets revolve. The Wall Street Journal has reported that Goldman Sachs Group Inc. GS -1.22% is considering opening bitcoin-trading operations. Cryptocurrencies also are being used to raise capital by more companies.
As the bubble grows, analysts say, a crash has a greater chance of affecting investor sentiment about stocks, especially in the technology and financial sectors.
“Any product that blows up, there’s always collateral damage,” says Joe Kinahan, chief market strategist at brokerage TD Ameritrade . Tech and financial “companies who are relying on it for business, and those who have put a significant investment into the [blockchain] infrastructure would be the first” to suffer collateral damage, Mr. Kinahan says.
What has some market observers concerned is that in less than six months, bitcoin went from around $1,000 a token to $5,000. It is back now to $4,400. But in early 2016, bitcoin was trading at less than $400, bringing its 18-month gain to 1,000%. Consider that the math-based currency has yet to find a widespread use outside of speculation, and warnings of an implosion from J.P. Morgan Chase Chief Executive James Dimon and others in the financial establishment sound like more than curmudgeonry.
...Nvidia vulnerable
A crash in the price of leading cryptocurrencies would almost certainly hurt shares of Nvidia Corp. NVDA +2.86% , the chip maker that was the biggest percentage gainer on the S&P 500 in 2016, and its rival Advanced Micro Devices Inc., at least temporarily. Both companies have noted in their quarterly filings that cryptocurrency miners are a key source of demand for their graphic chips. Sales of chips to cryptocurrency sources represented 6.7% of Nvidia’s fiscal second-quarter revenue of $2.23 billion.
“Anybody getting more than 5% of their business from crypto, it’s starting to become significant and you could see their stock prices very quickly collapse” in the event of a bubble bursting, says Mr. Kinahan.
Spokesmen for Nvidia and AMD declined to comment for this article.
Other companies at risk include those in financial technology, or “fintech,” one of the hottest parts of the tech sector. Shares of the exchange-traded fund Global X FinTech (FINX), a basket of such stocks, are up 43% in 2017.
Well, maybe they should start worrying.
The market for cryptocurrencies—digital tokens used to transfer money between individuals’ computers with minimal fees—has grown in stature in recent years and is increasingly entwined with broader financial markets as well, a trend that is likely to continue. Bitcoin is now traded by some of the institutional investors around which bond and stock markets revolve. The Wall Street Journal has reported that Goldman Sachs Group Inc. GS -1.22% is considering opening bitcoin-trading operations. Cryptocurrencies also are being used to raise capital by more companies.
As the bubble grows, analysts say, a crash has a greater chance of affecting investor sentiment about stocks, especially in the technology and financial sectors.
“Any product that blows up, there’s always collateral damage,” says Joe Kinahan, chief market strategist at brokerage TD Ameritrade . Tech and financial “companies who are relying on it for business, and those who have put a significant investment into the [blockchain] infrastructure would be the first” to suffer collateral damage, Mr. Kinahan says.
What has some market observers concerned is that in less than six months, bitcoin went from around $1,000 a token to $5,000. It is back now to $4,400. But in early 2016, bitcoin was trading at less than $400, bringing its 18-month gain to 1,000%. Consider that the math-based currency has yet to find a widespread use outside of speculation, and warnings of an implosion from J.P. Morgan Chase Chief Executive James Dimon and others in the financial establishment sound like more than curmudgeonry.
...Nvidia vulnerable
A crash in the price of leading cryptocurrencies would almost certainly hurt shares of Nvidia Corp. NVDA +2.86% , the chip maker that was the biggest percentage gainer on the S&P 500 in 2016, and its rival Advanced Micro Devices Inc., at least temporarily. Both companies have noted in their quarterly filings that cryptocurrency miners are a key source of demand for their graphic chips. Sales of chips to cryptocurrency sources represented 6.7% of Nvidia’s fiscal second-quarter revenue of $2.23 billion.
“Anybody getting more than 5% of their business from crypto, it’s starting to become significant and you could see their stock prices very quickly collapse” in the event of a bubble bursting, says Mr. Kinahan.
Spokesmen for Nvidia and AMD declined to comment for this article.
Other companies at risk include those in financial technology, or “fintech,” one of the hottest parts of the tech sector. Shares of the exchange-traded fund Global X FinTech (FINX), a basket of such stocks, are up 43% in 2017.
there has been so many articles about this and I am not sure if the price is overpriced or not.
Bitcoin is under price or undervalued as at now as there is going to be a long way upward movement. We have not started yet and days is coming when we would look at were we are today as a child play. We should buy now as today price may be the cheapest you can ever get in years to come.We recommend that if you want to buy ata seller bitcoin certainly sure you chose the right time to be a big benefit, then it is currently happening a bitcoin unstable bubbles as I am sure bitcoin is still in the position changeable so that movement of the bitcoin increases hold. I am also waiting for the right moment to buy some of the bitcoin
Nobody knows the future. You can only say it is a bubble after it has burst. But as long as its up, its not a bubble. For years now bitcoin has shown long term growth consistently. Let the haters say its in a bubble, and let the few that are willing to invest out of their comfort zone, like those who still believe in bitcoin (count me in) reap the benifits..
So far its being the best which has provided the users huge earning potential on their investment if made at correct times. Though I have read in couple of news paper and JPM CEO says its a fraud and bubble is about to burst. It seems to be incorrect for now as the price is in the range bound currently and hope it rises a smooth ride in future.
It doesn't matter when you invested. What matters is how long you held it for.
Even those who invested before the 2013 crash made money, if they were patient enough.
Nobody knows the future. You can only say it is a bubble after it has burst. But as long as its up, its not a bubble. For years now bitcoin has shown long term growth consistently. Let the haters say its in a bubble, and let the few that are willing to invest out of their comfort zone, like those who still believe in bitcoin (count me in) reap the benifits..
So far its being the best which has provided the users huge earning potential on their investment if made at correct times. Though I have read in couple of news paper and JPM CEO says its a fraud and bubble is about to burst. It seems to be incorrect for now as the price is in the range bound currently and hope it rises a smooth ride in future.
there has been so many articles about this and I am not sure if the price is overpriced or not.
Bitcoin is under price or undervalued as at now as there is going to be a long way upward movement. We have not started yet and days is coming when we would look at were we are today as a child play. We should buy now as today price may be the cheapest you can ever get in years to come. 
bitcoin is not a bubble, i think people are just saying that bitcoin is a bubble since it is a new technology and they are comparing bitcoin back to the internet bubble, however it is so much different, if they try to compare bitcoin during the internet bubble, simply because both are using the internet, they might want to check back on their history, back then you can create websites, advertise and make profit, it became an internet bubble, because a lot of companies are so business savvy, that they can attract a lot of investors, however, what they lack is the technical knowledge, though the prices of their companies went up, they do not know what to do, and how to handle the situation in the end, a lot of internet companies were forced to shutdown and only a few good ones are left and became giants in their own right, however this is not the same with bitcoin, bitcoin doesn't have a CEO, bitcoin is technology and we cannot shutdown technology, especially at this time, we need technology in order for us to survive and when it comes to bitcoin, it uses block chain technology, which in turn, gives a us value, thus the price of of bitcoin. those who still think that bitcoin is a bubble, might also want to check the history of money, since bitcoin is also considered a currency and in time, i hope that they will realize that bitcoin will still grow and will worth a fortune.
The more am reading about the possibility that Bitcoin can be a big bubble the more I realize that maybe people really don't understand at all the history of bubbles when they applied it to Bitcoin. Since the market is getting bigger for Bitcoin and there is a limited supply, the price has to rise. But this rise is always checked by many corrections along the way...these corrections are providing the needed bumps and humps so that at the end Bitcoin can avoid bubbling.
In my opinion, a bubble can happen when people will stop buying into a certain investment or even a product due to many factors. And since there is less buyers and maybe more sellers and people decided that a certain tool has no value anymore, the value will plummet and less people will pick it up or buy it again even at a very low price. This happened actually to many altcoins leading to their deaths.
Will this happen to Bitcoin? No one knows the future for sure we can only speculate and wait.
Right now there is no bubble. User base isn't much and the target market is big. So whatever price rise is there is genuine according to high demand and a limited supply 650k Bitcoin a year which will keep on halving every four years. This trend will continue for a decade or so with some ups and downs. But a bubble will definitely build up later and will pop out too as demand only can't sustain a market until there is some unbeatable real use. But nothing to worry as for now.
Loot is always there. It's not the reason. It seems to me that the price is stable because whales don't make large purchases. They are slowly buying up coins so as not to unbalance the market. After they buy out the entire volume of coins the price will go up again.Those who already have many will have more in the future. I think it is because the rich people have no reason to sell.
Poorer people have to cash out their coins in order to make a living. And those coins go to the rich people.
It’s hard to determine exactly how many people have how much bitcoin because it’s hard to know how many wallet addresses any given person owns, but I think something like the top few percent own like 80-90% of the bitcoins.
In the normal fiat world, rich people have better access to credit at better interest rates for borrowing money, they get better rates and thus more interest when they lend money, they tend to have better access to insider info that makes it easier to invest successfully, they have access to potentially more profitable investments, they have the ability to move smaller markets by themselves which can start rallies or crashes that they can use to their advantage, etc. Rich bitcoin holders can’t do as many of these things, but they should have the ability to move the markets to their advantage, if they so choose.
Bitcoin is almost certainly a bubble to some extent but like most things that bubble, the bubble bursts but given time they rebuild and grow to even higher levels.
Right now there is no bubble. User base isn't much and the target market is big. So whatever price rise is there is genuine according to high demand and a limited supply 650k Bitcoin a year which will keep on halving every four years. This trend will continue for a decade or so with some ups and downs. But a bubble will definitely build up later and will pop out too as demand only can't sustain a market until there is some unbeatable real use. But nothing to worry as for now.
Loot is always there. It's not the reason. It seems to me that the price is stable because whales don't make large purchases. They are slowly buying up coins so as not to unbalance the market. After they buy out the entire volume of coins the price will go up again.The whale conditions is the reason that makes other thing this is a bubble. More participants will come into the market, and the ecosystem will be much more stable by the way.
Nobody knows the future. You can only say it is a bubble after it has burst. But as long as its up, its not a bubble. For years now bitcoin has shown long term growth consistently. Let the haters say its in a bubble, and let the few that are willing to invest out of their comfort zone, like those who still believe in bitcoin (count me in) reap the benifits..
Right now there is no bubble. User base isn't much and the target market is big. So whatever price rise is there is genuine according to high demand and a limited supply 650k Bitcoin a year which will keep on halving every four years. This trend will continue for a decade or so with some ups and downs. But a bubble will definitely build up later and will pop out too as demand only can't sustain a market until there is some unbeatable real use. But nothing to worry as for now.
Loot is always there. It's not the reason. It seems to me that the price is stable because whales don't make large purchases. They are slowly buying up coins so as not to unbalance the market. After they buy out the entire volume of coins the price will go up again.Those who already have many will have more in the future. I think it is because the rich people have no reason to sell.
Poorer people have to cash out their coins in order to make a living. And those coins go to the rich people.
Right now there is no bubble. User base isn't much and the target market is big. So whatever price rise is there is genuine according to high demand and a limited supply 650k Bitcoin a year which will keep on halving every four years. This trend will continue for a decade or so with some ups and downs. But a bubble will definitely build up later and will pop out too as demand only can't sustain a market until there is some unbeatable real use. But nothing to worry as for now.
Loot is always there. It's not the reason. It seems to me that the price is stable because whales don't make large purchases. They are slowly buying up coins so as not to unbalance the market. After they buy out the entire volume of coins the price will go up again.Right now there is no bubble. User base isn't much and the target market is big. So whatever price rise is there is genuine according to high demand and a limited supply 650k Bitcoin a year which will keep on halving every four years. This trend will continue for a decade or so with some ups and downs. But a bubble will definitely build up later and will pop out too as demand only can't sustain a market until there is some unbeatable real use. But nothing to worry as for now.
Loot is always there. It's not the reason. It seems to me that the price is stable because whales don't make large purchases. They are slowly buying up coins so as not to unbalance the market. After they buy out the entire volume of coins the price will go up again.
there has been so many articles about this and I am not sure if the price is overpriced or not.
Actually some bitcoin gain its media attention much more when it hit 4000$ last august those media houses had no clue of bitcoin before they just know that bitcoin rise from 700$ to 4000$ in less than six month. So in their view of point it is nothing but bubble. But if you ask a bitcoin trader who is in the business for long time we would say bitcoin has enough potential to become more expensive .
Jump to: