Topic: Is bitcoin like a Bubble ? - page 9. (Read 819 times)
Bitcoin has existed for nine years, and from the beginning people are not optimistic. People are always vilifying and bitter against Bitcoin, but Bitcoin is getting better and better. When people are used to using bitcoin as a means of payment in the future, they know what they are missing now.
I think not.
Bitcoin is not a company or institution that can lose profitability and fail. This is certainly not a speculative real estate scam that could collapse due to government and bank fraud. Bitcoin is something else.
Its value does not increase due to market lies. This is increasing because it is a life-changing financial discovery. This increases as more people adopt it and the network runs smoothly.
Bitcoin is not a company or institution that can lose profitability and fail. This is certainly not a speculative real estate scam that could collapse due to government and bank fraud. Bitcoin is something else.
Its value does not increase due to market lies. This is increasing because it is a life-changing financial discovery. This increases as more people adopt it and the network runs smoothly.
Some people say bitcoin is like a bubble and it will burst one day.
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?
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Some people say bitcoin is like a bubble and it will burst one day.
These are the people in the big industries who got their life ruined because many millionaires were formed after the up surge of the bitcoin. They got jealous of the idea behind bitcoin and how it made many easy peasy millionaires! Lolz. Also if you see the social medias then common people are supportive than these people.
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Now current situation we can say its price is going down and down.
Im great believer of the bitcoin and according to me this is natural wave which has to be here at this point of year. With such down value many investors get attract to it and then they help grow our community more stronger. The effect can be seen in the later parts of the year.
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Is it true that bitcoin is like a bubble ?
The question is for how long will they keep saying it as bubble? The bitcoin has already achieved great milestones and people still called it as bubble. Thats a shit thing.
i think some dont understand "bubble"
so here goes
for example, the real estate bubble: houses exist and have function. this means that a bubble is not about investing in imaginary/fake things. it means investing in things that exist and have value.... but if it is in a bubble, then the PRICE is speculated far higher then its underlying value
EG
imagine a bath/sink of soapy water
bitcoin/houses are the water, true value is the water level. and the PRICE is the speculative vapour above the water line, because when many people try to stir up the water, a bubble forms (over priced).
when the water calms and settles and the bubbles burst, the real value underlying can be seen
in short bitcoin is not a bubble.. but bitcoins PRICE is currently in a bubble(over priced)
and only when you can see the true underlying value (a new low price that it never drops below) you learn the difference between price and value.(bubble and water line)
so here goes
for example, the real estate bubble: houses exist and have function. this means that a bubble is not about investing in imaginary/fake things. it means investing in things that exist and have value.... but if it is in a bubble, then the PRICE is speculated far higher then its underlying value
EG
imagine a bath/sink of soapy water
bitcoin/houses are the water, true value is the water level. and the PRICE is the speculative vapour above the water line, because when many people try to stir up the water, a bubble forms (over priced).
when the water calms and settles and the bubbles burst, the real value underlying can be seen
in short bitcoin is not a bubble.. but bitcoins PRICE is currently in a bubble(over priced)
and only when you can see the true underlying value (a new low price that it never drops below) you learn the difference between price and value.(bubble and water line)
Some people say bitcoin is like a bubble and it will burst one day.
Not only some but there are plenty of them that said that bitcoin is not only like a bubble but its literally a bubble. And you know what? it has burst for so many times.Now current situation we can say its price is going down and down.
Its not going down and down, but its up and down. That's a normal thing in a free market that is decentralized to make things balance.Is it true that bitcoin is like a bubble ?
In my opinion, its not but for others it is.
Its growing value has proved its worth - and of course its price will fluctuate, just like any new technology. But it is obviously not a scam. When people become accustomed to paying and receiving money using bitcoin, they stop using the dollar, the euro, and the yuan, devaluing them over the long term. The potential of bitcoin will slowly prove that it is not a bubble
Is it true that bitcoin is like a bubble ?
Bitcoin is not a bubble. Cryptocurrency is a bubble. The amount of ICOs (initial coin offerings) coming out is insane and most of them don't have any real business model or utility to offer the non-cryptocurrency market. Most of these new coins or tokens will never have any value and those that do only have value because people believe they might take off someday (like Bitcoin). But if the token has not value to the market, the value will collapse from the weight of that speculation.
Bitcoin, on the other hand, has utility as an investment asset class (more so than a currency) and has seen multiple corrections after quick run ups, particularly in 2017. These corrections represent the relieving of investment pressure that builds up over time.
Some people compare Bitcoin to the internet bubble, this is a fair comparison. And in that scenario Bitcoin is Google. Google didn't die after the internet bubble collapsed. It's value went down and then it continued to grow. Litecoin is Yahoo. Ethereum is Amazon. But a lot of these ICO tokens are "Pets.com", they'll disappear and never be heard of again.
Some people say bitcoin is like a bubble and it will burst one day.
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?
No it is not like a bubble it is like assets, and price frustration is normal for any asset. There were a lot of examples in history, when price of gold, oil and etc was going down or was growing, same is for bitcoin.
bitcoin is not "like a bubble", bitcoin as something that is traded and has value goes into baubles from time to time which is kind of a normal market behavior in any market.
and yes bitcoin was in a bubble, a lot of bubbles actually some of them big and some of them small which lasted a short time. the last bubble bitcoin had was the $20000 price which burst and was corrected last month when price dropped down to ~$14000 and with the recent drops it went below the real value like an over-correction because of lots of weak hand newbies.
and yes bitcoin was in a bubble, a lot of bubbles actually some of them big and some of them small which lasted a short time. the last bubble bitcoin had was the $20000 price which burst and was corrected last month when price dropped down to ~$14000 and with the recent drops it went below the real value like an over-correction because of lots of weak hand newbies.
It is, and it will go down to $1000 soon because bitcoin is impractical and has exorbitant transaction fees and takes hours or weeks to confirm transaction.
For example average bitcoin fee is $5-20 whereas bitcoin cash is 2 cents only. So people willl move to altcoins which are more practical (facebook will implement litecoin soon) and bitcoin will burst
For example average bitcoin fee is $5-20 whereas bitcoin cash is 2 cents only. So people willl move to altcoins which are more practical (facebook will implement litecoin soon) and bitcoin will burst
Some people say bitcoin is like a bubble and it will burst one day.
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?
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