Topic: is bitcoin bubble? - page 3. (Read 1510 times)
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.
there has been so many articles about this and I am not sure if the price is overpriced or not.
Personally, i've been thinking that it's been a bubble ever since it was at $2500 per bitcoin. I still think that the price is a bubble at the moment, except i think that it is probably not going to pop this year seeing how strong support is at for the $3000 level.
If you buy for the short term, you'll probably still be able to make a profit.
But if you want to accumulate for the long term i feel like you are much mor elikely to get a better deal if you just waited for the correction next year.
there has been so many articles about this and I am not sure if the price is overpriced or not.
Nope the article you read is maybe hoax or nothing why because one of the most successful currency in this world is bitcoin the largerst bank in this world is bitcoin without using own cash bitcoin will never be become bubble technology is already changes the world bitcoin will be implemented to every market soon because of its successful one, To those people who don't know bitcoin yet , Let them show what bitcoin really can do time to time the community of bitcoin is becoming more bigger. Do you still believe it is a bubble?
People don't have the ability to see Bitcoin's usefulness, because they are here just for one thing, to make a few quick bucks whilst investing, or whilst participating in signature campaigns. They don't understand what the effect is of the constantly increasing demand - they just open whatever chart, see that Bitcoin was below $1000 last year, and almost touched $5000 this year, so it has to be a bubble. No matter how much explaining people here do, if the will to understand Bitcoin and its market aren't present, it won't have any impact on them - they will remain ignorant. We'll see news sites, self claimed experts, ignorant chickens, etc, keep repeating this bubble talk even if we're hovering above $10,000/$50,000 levels - it will never stop.
there has been so many articles about this and I am not sure if the price is overpriced or not.
Since The price of Bitcoin is very volatile, it's hard to know if it is overvalued now or not. I think we all knew that $5000 a few weeks ago was high and probably too high too fast. A correction to $3000 brought the price down to a more reasonable level but compared to last year, it is still very high.
The price could drop more, but the longer the price of Bitcoin stays above $3000, the more likely that we aren't going to see another significant drop. The value may go sideways for a while but that's okay as long as we don't have a big drop.
Bitcoin is not in any bubble right now. There is genuine increase in demand which is driving the price and needed corrections are always happening which brings the Bitcoin to an actual and genuine price. But saying Bitcoin won't be in any bubble even in future would be wrong. Bitcoin has no intrinsic value and price is just based on demand and limited supply. Maybe in future people get an alternative to cryptocurrencies, then this demand will decrease and so the price. But right now, there is no reason to worry. A genuine growth will be there for more years to come.
I could agree that the present bitcoin is really a good investment for anyone out there. Because most problem that we are reading or what ever in the news is in the future. We can't really predict but future but we can speculate it. I guess the only predictable future is when all the btc are mined but that would already in the far future. Like gold, many mining infrastructures are being made so the chances of all blocks would be mined is becoming higher.
Everybody knows it's a good investment but the problem is that some people is trying to manipulate the market in a down position to buy cheaper bitcoins.
I don't think btc is a bubble or a baloon, because we can not ignore its effects on the world economy or people's life. Every currency can have low prices sometimes, but I think its recovery is not a dream.
The question is now rising more because of CEO of JPM statement which says bitcoin is nothing more than fraud. This skepticism is not being taken as a good thing among the bitcoin investors. Also he informed his employees that no one should trade in btc else there will have to take action if found dealing in btc. This is something which is not being appreciated and now the bitcoin also is being moved to 4100$ meaning it is not a bubble which could have busted long back had being a case.
there has been so many articles about this and I am not sure if the price is overpriced or not.
As a lot of the press and high profiles stated the bitcoin is a bubble, But that depends on the everyone's opinion regarding what is the bitcoin itself. I should think if that was not overpriced if you are seeing the supply will have limited. I have been around more than 3 years now and let me tell you that in the past years each time price of bitcoin has any kind of rise someone asks this very same question of yours.
they were calling bitcoin a bubble when it went to $300 and have been calling it that ever step of the way. and it has always been a form of FUD to create panic and to fool people into selling their coins at a cheaper price than they should have sold. then they buy it from them and the same people rush to buy back at a loss and at a higher price.
it is always the demand. the demand is rising whether some people want to see it or not but it rises nonetheless. with it the price will rise. sometimes faster than the others.
But my question is, is demand enough without any intrinsic value to keep bitcoin out of bubble? When a commodity is rising only because of demand, then that leads to bubble. right now the demand is enough to sustain the growth. But in future when there are alternatives or there is ban by many countries and demand won't be there, price will crash as there is nothing backing bitcoin price. they were calling bitcoin a bubble when it went to $300 and have been calling it that ever step of the way. and it has always been a form of FUD to create panic and to fool people into selling their coins at a cheaper price than they should have sold. then they buy it from them and the same people rush to buy back at a loss and at a higher price.
it is always the demand. the demand is rising whether some people want to see it or not but it rises nonetheless. with it the price will rise. sometimes faster than the others.
I don't think btc is a bubble or a baloon, because we can not ignore its effects on the world economy or people's life. Every currency can have low prices sometimes, but I think its recovery is not a dream.
there has been so many articles about this and I am not sure if the price is overpriced or not.
i will tell you the real truth about bitcoin , bitcoin is not a bubble , tulips, hyip , ponzi, or what ever fancy names they could think of. its been over 8years since bitcoin has born and introduced to the public and many of us are still using it and investing on it until today so to make the story short , those people who are making a fake news are just noobs and insecure to the fact that bitcoin is now sucesfull and will be in the near future.
Ever since Bitcoin first appeared, everyone is constantly saying Bitcoin is a balloon. But despite all these rumors Bitcoin is constantly rising and apparently will continue to rise. If you had a Bitcoin balloon, did not you have to explode in 8 years? All the balloons exploding until today can not stand more than 3-4 years.
Bitcoin is not a balloon and it is for the future.
Bitcoin is not a balloon and it is for the future.
Numerous attempts has been made to burst this bubble, but it won't burst. FUD after fud, but the price keeps coming back to this level because of strong support by the community. Do you still believe it is a bubble?
Bitcoin is not in any bubble right now. There is genuine increase in demand which is driving the price and needed corrections are always happening which brings the Bitcoin to an actual and genuine price. But saying Bitcoin won't be in any bubble even in future would be wrong. Bitcoin has no intrinsic value and price is just based on demand and limited supply. Maybe in future people get an alternative to cryptocurrencies, then this demand will decrease and so the price. But right now, there is no reason to worry. A genuine growth will be there for more years to come.
I could agree that the present bitcoin is really a good investment for anyone out there. Because most problem that we are reading or what ever in the news is in the future. We can't really predict but future but we can speculate it. I guess the only predictable future is when all the btc are mined but that would already in the far future. Like gold, many mining infrastructures are being made so the chances of all blocks would be mined is becoming higher.
Bitcoin price pumping has been mentioned as the bubble, but in reality the gradual growth is the one that's taking place. This time too the same is happening with bitcoin and the price rising from the price dropping low in value make it to be resemble as a bubble.
I have been around more than 3 years now and let me tell you that in the past years each time price of bitcoin has any kind of rise someone asks this very same question of yours.
they were calling bitcoin a bubble when it went to $300 and have been calling it that ever step of the way. and it has always been a form of FUD to create panic and to fool people into selling their coins at a cheaper price than they should have sold. then they buy it from them and the same people rush to buy back at a loss and at a higher price.
it is always the demand. the demand is rising whether some people want to see it or not but it rises nonetheless. with it the price will rise. sometimes faster than the others.
they were calling bitcoin a bubble when it went to $300 and have been calling it that ever step of the way. and it has always been a form of FUD to create panic and to fool people into selling their coins at a cheaper price than they should have sold. then they buy it from them and the same people rush to buy back at a loss and at a higher price.
it is always the demand. the demand is rising whether some people want to see it or not but it rises nonetheless. with it the price will rise. sometimes faster than the others.
Bitcoin is not in any bubble right now. There is genuine increase in demand which is driving the price and needed corrections are always happening which brings the Bitcoin to an actual and genuine price. But saying Bitcoin won't be in any bubble even in future would be wrong. Bitcoin has no intrinsic value and price is just based on demand and limited supply. Maybe in future people get an alternative to cryptocurrencies, then this demand will decrease and so the price. But right now, there is no reason to worry. A genuine growth will be there for more years to come.
there has been so many articles about this and I am not sure if the price is overpriced or not.
There are no guarantees, but you absolutely might be able to buy cheaper. Some very competent veteran traders are predicting a revisit to the lower $2000s. Whether or not we get that second leg down, though, Bitcoin is definitely going higher in the long term. In the short term, I might consider it overpriced. In the long term, it's still far, far below value. One bitcoin, on our current path, could easily be worth a million bucks someday. (And that's assuming no hyperinflation of the dollar
)Those veterans prediction are wrong and actually we cannot predict on what would be happen on bitcoins since we doesn't even know on where would bitcoins go and for seeing the price for now is so good since it became more stable and strong and might we cannot see those 2000$ veterans predicted since it will be the disgusting one to see by them if bitcoins would reach until 5000$ again.
there has been so many articles about this and I am not sure if the price is overpriced or not.
There are no guarantees, but you absolutely might be able to buy cheaper. Some very competent veteran traders are predicting a revisit to the lower $2000s. Whether or not we get that second leg down, though, Bitcoin is definitely going higher in the long term. In the short term, I might consider it overpriced. In the long term, it's still far, far below value. One bitcoin, on our current path, could easily be worth a million bucks someday. (And that's assuming no hyperinflation of the dollar
)
In the short term, I think we were in bubble territory when we were up around $5k. Obviously that bubble has deflated somewhat since then, but I'm not sure it's really gone yet. If we get below $2k, I think we're definitely out of short-term bubble territory. In between is hard to say.
Long term, I think that bitcoin is either growing in a healthy manner (i.e., it's not a bubble), or it's one of the most epic bubbles in the history of the world. Only time will tell which of those is correct.
Long term, I think that bitcoin is either growing in a healthy manner (i.e., it's not a bubble), or it's one of the most epic bubbles in the history of the world. Only time will tell which of those is correct.
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