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Topic: is bitcoin bubble? (Read 1494 times)

jr. member
Activity: 84
Merit: 3
February 04, 2018, 07:43:51 AM
#67
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
full member
Activity: 420
Merit: 100
February 04, 2018, 07:23:08 AM
#66
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.
newbie
Activity: 7
Merit: 0
February 03, 2018, 05:43:23 PM
#65
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/
full member
Activity: 352
Merit: 100
Bitgesell (BGL) Decentralized Cryptocurrency!
October 11, 2017, 08:33:35 AM
#64
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.
hero member
Activity: 882
Merit: 500
October 11, 2017, 08:12:07 AM
#63
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.
sr. member
Activity: 406
Merit: 253
October 09, 2017, 11:16:57 AM
#62
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.
member
Activity: 104
Merit: 13
October 09, 2017, 10:54:47 AM
#61
Here is the Wall Street Journal's take on the bitcoin bubble:

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.
sr. member
Activity: 518
Merit: 250
October 05, 2017, 05:20:50 PM
#60
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
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
October 05, 2017, 03:43:56 PM
#59
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.
sr. member
Activity: 1512
Merit: 316
October 05, 2017, 05:26:48 AM
#58
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.

sr. member
Activity: 882
Merit: 282
October 05, 2017, 01:33:07 AM
#57
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.
hero member
Activity: 490
Merit: 501
October 04, 2017, 11:44:06 PM
#56
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.
hero member
Activity: 532
Merit: 500
October 04, 2017, 11:08:25 PM
#55
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 reason behind the whale controlling the price is small market. There are bulk holders and can easily drive the price. But with time the distribution of bitcoin will get uniform and whale will lose the hold. Whales have nothing to do with bitcoin bubble. Bubble builds up when the only driving factor for the price of a commodity is demand without any intrinsic value. This will definitely happen but will take some years to pop up.
It is extremely unlikely that the distribution of bitcoin will become more uniform with time.  That's not how capital markets work.  As a whole, the rich continue to get richer because they have a significant advantage if they want and know how to use it to manipulate markets, which is even easier in the crypto space because of the lack of regulation.  The more money/bitcoins you have, the easier it is to make more.
I think as well that every distribution of wealth is concentrating on individuls with time. That includes bitcoin.
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.
newbie
Activity: 14
Merit: 0
October 04, 2017, 12:31:57 PM
#54
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.
full member
Activity: 249
Merit: 100
October 04, 2017, 11:43:44 AM
#53
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 reason behind the whale controlling the price is small market. There are bulk holders and can easily drive the price. But with time the distribution of bitcoin will get uniform and whale will lose the hold. Whales have nothing to do with bitcoin bubble. Bubble builds up when the only driving factor for the price of a commodity is demand without any intrinsic value. This will definitely happen but will take some years to pop up.

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.
newbie
Activity: 33
Merit: 0
October 04, 2017, 11:34:46 AM
#52
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..
hero member
Activity: 910
Merit: 501
October 04, 2017, 02:06:35 AM
#51
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 reason behind the whale controlling the price is small market. There are bulk holders and can easily drive the price. But with time the distribution of bitcoin will get uniform and whale will lose the hold. Whales have nothing to do with bitcoin bubble. Bubble builds up when the only driving factor for the price of a commodity is demand without any intrinsic value. This will definitely happen but will take some years to pop up.
It is extremely unlikely that the distribution of bitcoin will become more uniform with time.  That's not how capital markets work.  As a whole, the rich continue to get richer because they have a significant advantage if they want and know how to use it to manipulate markets, which is even easier in the crypto space because of the lack of regulation.  The more money/bitcoins you have, the easier it is to make more.
I think as well that every distribution of wealth is concentrating on individuls with time. That includes bitcoin.
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.
hero member
Activity: 532
Merit: 500
October 04, 2017, 01:56:43 AM
#50
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 reason behind the whale controlling the price is small market. There are bulk holders and can easily drive the price. But with time the distribution of bitcoin will get uniform and whale will lose the hold. Whales have nothing to do with bitcoin bubble. Bubble builds up when the only driving factor for the price of a commodity is demand without any intrinsic value. This will definitely happen but will take some years to pop up.
It is extremely unlikely that the distribution of bitcoin will become more uniform with time.  That's not how capital markets work.  As a whole, the rich continue to get richer because they have a significant advantage if they want and know how to use it to manipulate markets, which is even easier in the crypto space because of the lack of regulation.  The more money/bitcoins you have, the easier it is to make more.
sr. member
Activity: 910
Merit: 254
October 04, 2017, 01:06:35 AM
#49
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 reason behind the whale controlling the price is small market. There are bulk holders and can easily drive the price. But with time the distribution of bitcoin will get uniform and whale will lose the hold. Whales have nothing to do with bitcoin bubble. Bubble builds up when the only driving factor for the price of a commodity is demand without any intrinsic value. This will definitely happen but will take some years to pop up.
sr. member
Activity: 1162
Merit: 260
October 03, 2017, 11:31:10 AM
#48
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 .
legendary
Activity: 1218
Merit: 1007
October 03, 2017, 09:57:57 AM
#47
Bitcoin is not in a bubble atm considering too many big names being added to the list of investors as well as media helping it gain popularity through their ways of spreading the word out. We have seen constant growth without a one-shot pump because it took months to get over here and I feel we are yet to see that "bubble" thing happen in a few months from now. Stay calm and wait for the real action as Bitcoin is yet to achieve its real goal.
sr. member
Activity: 2016
Merit: 283
October 03, 2017, 09:17:23 AM
#46
I reckon bitcoin is in a bubble this year; it will come crashing down after this last bull run to 5k maybe 5.5k. Then it will tumble down to 3k and lots of people will buy, and it will go up again to 3,8, and then it will crash again to 1,8.
Yes we already know about that volatility movement of bitcoin. .which is falling and rising its value time on time. And it didn't stay for a moment in a value. But its good that bitcoin is falling sometimes . It is a chance for us to buy a cheap price and  we can sell it when bitcoin rise again in a highest value. Instead of its getting higher and higher we cannot afford to buy  . And also this issue always happened even before that bitcoin is not yet popular  it always volatile . .
staff
Activity: 3206
Merit: 575
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October 03, 2017, 07:01:55 AM
#45
I think the person who is calling bitcoin a bubble doesn't really understand the technology and the advantage in using bitcoin, it is a decentralized currency that can't be control by banks, government or anyone, the true values of bitcoin lies in its technology itself and the demand of it in the market. Bitcoin provides every user the freedom in making payment to anyone worldwide easily, and I would predict the number of bitcoin users would just continue to grow daily, with higher demand, the prices would surely rise higher in the future.
full member
Activity: 392
Merit: 137
October 03, 2017, 06:55:51 AM
#44
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.
sr. member
Activity: 1092
Merit: 257
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October 03, 2017, 06:34:59 AM
#43
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.

Now price is stable in the marketplace. We knew bitcoin price fluctuation is normal in the price chart. Need to wait the bitcoin price to bump if you are really looking for the bitcoin value to be top value. I would anytime bitcoin price is good to buy because potential of bitcoin will take to skyrocket value.
full member
Activity: 518
Merit: 103
October 03, 2017, 06:22:41 AM
#42
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.
sr. member
Activity: 910
Merit: 254
October 03, 2017, 01:05:16 AM
#41
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.
hero member
Activity: 952
Merit: 513
October 03, 2017, 12:23:24 AM
#40
there has been so many articles about this and I am not sure if the price is overpriced or not.

I really don't know right now. On the one hand we are genuinely seeing new demand for bitcoin and very positive news being said about bitcoin. People are picking up bitcoin and using it in real life situations, such as in Venezuela where the recent hyperinflation made them turn to bitcoin as a store of value.

However, it has always been this way. When markets scream buy every single day, it is usually a sign of a bubble and i think we could potentially be in one at the moment.

Compared to 2013, i don't think that we're going to experience as big as a dump at all, even when the bubble pops.
hero member
Activity: 532
Merit: 500
October 02, 2017, 10:28:32 PM
#39
I do not think that Bitcoin is a bubble.  I think the price is came from the demand itself.  Remember there is no central authority supporting Bitcoin.  All the funds and trades are from the people who are willing to buy Bitcoin at the current price.  How can someone say it is a bubble when there is no extrernal company or group or authority that is inflating the Bitcoin price.  I think it is the real price of Bitcoin because it is where demand and supply meet.
yes it is wrong to say that bitcoin is a bubble. the price of bitcoin is their original price and it is increasing from time to time because of the interest of the people and increasing their investment. in fact bitcoin is now  so much popular and spread so wide throughout the world that it has become difficult for a single person or a group of people to manipulate the price of bitcoin.
People are increasing their investment and bitcoin has become very widespread, but how does that keep it from being a bubble?  Maybe the question is, how would you define a bubble?  At what point would you consider the price of bitcoin to be in bubble territory?

The problem is that there's no good way to determine how much a bitcoin should be worth.  While one could argue that this means that bitcoin might be undervalued, I think it's much more likely that this means that bitcoin is overvalued.  Now, that doesn't mean that it won't keep rising, perhaps for a long time.  But demand by itself cannot keep prices rising forever, and when price starts to fall, without an idea of what a bitcoin should be worth, there's nothing to keep the price from crashing hard.
hero member
Activity: 588
Merit: 500
September 30, 2017, 02:08:35 AM
#38
I do not think that Bitcoin is a bubble.  I think the price is came from the demand itself.  Remember there is no central authority supporting Bitcoin.  All the funds and trades are from the people who are willing to buy Bitcoin at the current price.  How can someone say it is a bubble when there is no extrernal company or group or authority that is inflating the Bitcoin price.  I think it is the real price of Bitcoin because it is where demand and supply meet.
yes it is wrong to say that bitcoin is a bubble. the price of bitcoin is their original price and it is increasing from time to time because of the interest of the people and increasing their investment. in fact bitcoin is now  so much popular and spread so wide throughout the world that it has become difficult for a single person or a group of people to manipulate the price of bitcoin.
hero member
Activity: 532
Merit: 500
September 29, 2017, 02:29:03 AM
#37
I do not think that Bitcoin is a bubble.  I think the price is came from the demand itself.  Remember there is no central authority supporting Bitcoin.  All the funds and trades are from the people who are willing to buy Bitcoin at the current price.
The problem with this is that price can't simply come from demand and nothing else.  From wikipedia: "An economic bubble or asset bubble ... is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value." [https://en.wikipedia.org/wiki/Economic_bubble]  What is the intrinsic value of a bitcoin?  How much is it actually worth?  Unless it's really worth thousands of dollars, it's in a bubble.

How can someone say it is a bubble when there is no extrernal company or group or authority that is inflating the Bitcoin price.  I think it is the real price of Bitcoin because it is where demand and supply meet.
There may not be a specific institution or entity that is inflating bitcoin's price, but there is a very broad, general group of people that is doing so: speculators.
legendary
Activity: 3010
Merit: 1280
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September 29, 2017, 12:48:28 AM
#36
I do not think that Bitcoin is a bubble.  I think the price is came from the demand itself.  Remember there is no central authority supporting Bitcoin.  All the funds and trades are from the people who are willing to buy Bitcoin at the current price.  How can someone say it is a bubble when there is no extrernal company or group or authority that is inflating the Bitcoin price.  I think it is the real price of Bitcoin because it is where demand and supply meet.
hero member
Activity: 588
Merit: 500
September 28, 2017, 11:44:23 PM
#35
Bitcoin could well be a bubble at this point, but i think that the community support for bitcoin as well as the sheer amount of people wanting to buy into bitcoin at a level below $2000 or even $3000 is so big that it's probably not a bubble anymore.

Even if it was a bubble, price should still go up to $5000, perhaps even more before the start of 2018.

Plus, it doesn't really matter at all - fiat funded debts is probably the biggest bubble in the history of mankind.
hero member
Activity: 532
Merit: 500
September 28, 2017, 11:27:38 PM
#34
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?
The strong support of the community is an important point.  My impression is that bitcoin's resilience is due in large part to the people who have believed in it from the beginning.  They're the ones that have kept buying when all the speculators were selling.  It's very possible that bitcoin wouldn't have bounced back from the major crashes it's seen in its history without a group of people that have been dedicated to supporting it, especially financially.  The question is, will there come a time when the speculators outnumber the community members by enough that the community can no longer support bitcoin when it has a major crash.
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September 28, 2017, 06:57:31 PM
#33
there has been so many articles about this and I am not sure if the price is overpriced or not.

Until now Bitcoin is still very busy discussed by netizens, especially on the internet. This is not because the price of Bitcoin claimed skyrocketed, known in January 2017 ago when the price of BitCoin is still around $ 900, now reaches $ 41000 per coin and is predicted to skyrocket to $ 10000 in 2018 later. this is based on a statement from a bitcoin finance expert named Tim Draper in an exclusive TV Fox Business interview saying that the prediction of bitcoin prices in 2018 reaches $ 10,000. but this is just a prediction and no one can really confirm it.
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September 28, 2017, 06:51:34 PM
#32
I would suggest you go back to look at the chart of Amazon share price during dot com bubble burst and its price now...You will see that although the main stream media make you believe that all company lost a huge fortune, you can see that in reality from today's point of view that is merely an adjustment for amazon share price.

I see your point, but it's a bad analogy to use here. The 90s dot com bubble actually was a bubble. Many, many companies were massively overvalued and went belly up when the markets crashed and the hype around monetizing the internet died down. Amazon was one of the companies left standing. Today, they've massively consolidated that market share, making the distinction between Amazon and the early dot com failures even more obvious.

I think your example shows that Amazon had an incredibly good growth model and strong fundamentals. I don't think it says anything about the dot com bubble.
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September 28, 2017, 05:44:35 PM
#31
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.
It is possible that the price of bitcoin is not in a bubble.  But I don't think that time is necessarily a factor in this case.  I agree that 8 years is quite a long track record (and, really, the price bubble has popped a few times, but it's always reinflated even bigger than before), but bitcoin is also different from other historical bubble situations in that it has taken a long time for it to become accessible to the average person, and it's still not really there yet.  It's possible that this inaccessibility is greatly delaying the "reckoning" that may happen one day.  Bubbles don't truly pop until just about everyone who can and is at all interested in investing has bought in.
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September 28, 2017, 01:36:34 PM
#30
I think this year it will occur a bitcoin bubble a few days ago with a price of bitcoin ever be $4900 position then ever fall on numbers $3100 and then rose again slowly until it happens often changes in numbers up to $3800 until now rising continuously rise on the figure of $4200. I hope it will not happen again at bubble bitcoin until bitcoin can heading into the month brought a ray of happiness we
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September 28, 2017, 01:34:23 PM
#29
I would suggest you go back to look at the chart of Amazon share price during dot com bubble burst and its price now...You will see that although the main stream media make you believe that all company lost a huge fortune, you can see that in reality from today's point of view that is merely an adjustment for amazon share price.
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September 28, 2017, 06:08:57 AM
#28
there has been so many articles about this and I am not sure if the price is overpriced or not.
The price is overpriced? it's mean you believe bitcoin unstoppable? i don't think so because i think you have reading the article that talk bitcoin will reach $10,000 , $100,000 but you not think what the reason that can make bitcoin price so high. honestly i never found it the answer even though i has thinking all bitcoin has been mined.
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September 28, 2017, 05:34:03 AM
#27
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.
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September 28, 2017, 03:19:36 AM
#26
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.
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September 27, 2017, 05:35:50 PM
#25
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.
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September 27, 2017, 10:18:05 AM
#24
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.
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September 27, 2017, 10:13:00 AM
#23
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.
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September 27, 2017, 09:58:37 AM
#22
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.
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September 27, 2017, 09:49:02 AM
#21
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.
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September 27, 2017, 09:22:22 AM
#20
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.
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September 27, 2017, 09:02:05 AM
#19
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.
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September 27, 2017, 06:20:49 AM
#18
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.
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September 27, 2017, 04:25:45 AM
#17
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.
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September 27, 2017, 03:25:29 AM
#16
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.
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September 27, 2017, 03:13:55 AM
#15
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?
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September 27, 2017, 03:08:30 AM
#14
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.
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September 27, 2017, 03:05:27 AM
#13
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.
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September 27, 2017, 03:04:14 AM
#12
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.
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September 27, 2017, 02:37:33 AM
#11
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.
sr. member
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September 27, 2017, 02:14:24 AM
#10
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 Tongue)

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.
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September 27, 2017, 02:04:10 AM
#9
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 Tongue)
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September 27, 2017, 01:59:54 AM
#8
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.
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September 27, 2017, 01:00:49 AM
#7
there has been so many articles about this and I am not sure if the price is overpriced or not.
No it isn't a bubble. It's just a sign of the current situation. There's lot of speculation and bit of tough love in certain markets. This shall pass and the value will go up.

Many people though that there's a bubble happening before and some of them saying that those back 4900$ is bubble price and this current price is the real correction of the bitcoins price right not. But for me i don't see the fact that why there's a bubble and correction things but for the fact that bitcoins have touchdown to that price we might gonna see that price came again.
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September 27, 2017, 12:51:25 AM
#6
there has been so many articles about this and I am not sure if the price is overpriced or not.
No it isn't a bubble. It's just a sign of the current situation. There's lot of speculation and bit of tough love in certain markets. This shall pass and the value will go up.
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September 27, 2017, 12:17:07 AM
#5
there has been so many articles about this and I am not sure if the price is overpriced or not.

Bitcoin is probably not in a bubble anymore.

The price has gone down from $5000 to right now, $3900. ANd we've actually stayed at the $3000-4000 region for a while now meaning that there is a lot of support at the $3000 level and it is unlikely that in the short term, bitcoin is going to go down below that.

But i think we can experience some corrections that take us down to $2000-3000 next year, as speculators stop pumping.
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September 26, 2017, 11:17:27 PM
#4
there has been so many articles about this and I am not sure if the price is overpriced or not.
I will suggest you to use preev.com website in which you will clearly see the price of bitcoin so must visit there because it is one of the best website which is providing great efforts to users who are lover of bitcoin.
legendary
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September 26, 2017, 11:12:54 PM
#3
there has been so many articles about this and I am not sure if the price is overpriced or not.

there are a lot of "articles" online calling bitcoin Ponzi scheme and fraud! do you believe them too?
there are also a lot of "articles" online that are speculating $10,000 by the end of this year, $100,000-$500,000 by the end of next year! do you believe them too?

you see there are lots of bullshit on different sites these days each of them just creating click-baits. if you want to get the answer to your questions you have to first understand what a bubble is!
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September 26, 2017, 11:07:00 PM
#2
The current price is a representation of the market value of the coin at any given time. This is the price that everyone has agreed to pay for the coin. Not sure what articles you are reading but the price of Bitcoin is sure to rise in the future.
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September 26, 2017, 10:51:42 PM
#1
there has been so many articles about this and I am not sure if the price is overpriced or not.
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