Is Bitcoin now the biggest bubble of all time? - page 10.

lelylely

member

Activity: 602

Merit: 10

Quote from: jaysabi on December 15, 2017, 06:07:53 PM

The Dutch Tulip Mania is one of the most famous bubbles of all time, for the scale of the bubble, the scale of the collapse, and probably including the seemingly obvious nature of the bubble considering the extremely limited functional utility of tulips. Bitcoin has now surpassed the multiples of value appreciation at the height of the Tulip Bubble (and by a wide margin). While this itself is not proof that Bitcoin is a bubble or that a collapse is imminent, it's worth considering if there's a lot more risk buying at this price (currently bouncing around $17,000) than anyone on these boards seems willing or able to recognize.

Thoughts?

I do not think bitcoin is a bubble. Bitcoin does have an unstable value, bitcoin can increase and then bitcoin can fall in price, but bitcoin can still recover.

soenaderecho10

member

Activity: 322

Merit: 25

“OPEN GAMING PLATFORM”

Quote from: 7Dyoknga5 on May 23, 2018, 08:40:15 AM

I think no. Bitcoin will continue to go down if it becomes useless to its holders or there would be a new player that offers better service or feature. Like what happen when google outplayed yahoo.

I think yes,bitcoin is the biggest bubble currency because we know we canot predict if what price can reach the price of bitcoin and only we can do is trust on bitcoin because we know in the future bitcoin will continue to rise the price so that we wait the good price of bitcoin.

7Dyoknga5

jr. member

Activity: 210

Merit: 1

dApps Development Automation Platform

I think no. Bitcoin will continue to go down if it becomes useless to its holders or there would be a new player that offers better service or feature. Like what happen when google outplayed yahoo.

lamadu3

full member

Activity: 490

Merit: 100

Quote from: Snaic on May 17, 2018, 12:34:23 AM

Bitcoin can be considered the biggest bubble of all time with a certain further development of events. If people continue to artificially pump up its value and it is because of this bitcoin then depreciate.
However, if this does not happen, bitcoin may well develop normally and its bubble will not appear.

No, it is not any bubble. Bitcoin is the best and the first cryptocurrency. Still, it has an effect on all other cryptos. as for the volatility, it is the crypto characteristics.

zhanyiguai261315

member

Activity: 392

Merit: 10

Many people who do not understand the blockchain and the bitcoin people think that BTC is just a bunch of code, which has no real "value", so some people think it is a bubble. And because of its spectacular rise and huge market capitalisation, it is the biggest bubble in human history.

And in the world, the currency has had purposes (including some illegal purposes), it is relative to the dollar and other currencies, traditional surely possess some advantages, such as tracking, multinational remittance poundage is low. So are these USES and advantages enough to justify it?

BTC is not a bubble, it is the future currency!

weeks65

member

Activity: 294

Merit: 10

Quote from: jaysabi on December 15, 2017, 06:07:53 PM

The Dutch Tulip Mania is one of the most famous bubbles of all time, for the scale of the bubble, the scale of the collapse, and probably including the seemingly obvious nature of the bubble considering the extremely limited functional utility of tulips. Bitcoin has now surpassed the multiples of value appreciation at the height of the Tulip Bubble (and by a wide margin). While this itself is not proof that Bitcoin is a bubble or that a collapse is imminent, it's worth considering if there's a lot more risk buying at this price (currently bouncing around $17,000) than anyone on these boards seems willing or able to recognize.

Thoughts?

I think at the moment I can assure you that itcoin is the bubble and it is starting to break when it touches $ 19800 and the end of 2017. After touching the $ 19800 level, the bitcoin price is immediately plummeted by more than 70% in value and below $ 6,000. So I think you should trade short term bitcoin at this point, should not long-term investment risk will be very high.

TIDOVEE

sr. member

Activity: 1246

Merit: 255

One has to be very sensitive about bitcoin now, it would actually be agreed to be the biggest bubble of the moment as it is also the dominant cryptocurrency around but if it will actually but which I don't pray for, it may be very disastrous and disappointing but the advice still remains the one should be cautioned in investing in Bitcoin for now.

bitcoindian

newbie

Activity: 224

Merit: 0

Don't consider Bitcoin as a bubble because already we have seen many ups and downs in the Bitcoin market, we have to understand the situation of the market because cryptocurrency market is in a big volatile market, so last year the price of Bitcoin increases very fastly in order to consolidate now the price kept increasing or decreasing.

dirham99

newbie

Activity: 79

Merit: 0

Quote from: jaysabi on December 15, 2017, 06:07:53 PM

The Dutch Tulip Mania is one of the most famous bubbles of all time, for the scale of the bubble, the scale of the collapse, and probably including the seemingly obvious nature of the bubble considering the extremely limited functional utility of tulips. Bitcoin has now surpassed the multiples of value appreciation at the height of the Tulip Bubble (and by a wide margin). While this itself is not proof that Bitcoin is a bubble or that a collapse is imminent, it's worth considering if there's a lot more risk buying at this price (currently bouncing around $17,000) than anyone on these boards seems willing or able to recognize.

https://i.imgur.com/s2WGkSi.png

Thoughts?

No, I think bitcoin is not the biggest bubble of all time. It just a crisis. I believe If the market demand and supply is balance. the price will stable.

kokorotomoto

newbie

Activity: 66

Merit: 0

yes, I agree with your statements above.

tableofcontents

newbie

Activity: 126

Merit: 0

Quote from: jaysabi on December 15, 2017, 06:07:53 PM

The Dutch Tulip Mania is one of the most famous bubbles of all time, for the scale of the bubble, the scale of the collapse, and probably including the seemingly obvious nature of the bubble considering the extremely limited functional utility of tulips. Bitcoin has now surpassed the multiples of value appreciation at the height of the Tulip Bubble (and by a wide margin). While this itself is not proof that Bitcoin is a bubble or that a collapse is imminent, it's worth considering if there's a lot more risk buying at this price (currently bouncing around $17,000) than anyone on these boards seems willing or able to recognize.

https://i.imgur.com/s2WGkSi.png

Thoughts?

It is one hell of a bubble. But I think the price of Bitcoin will sooner or later stabilize. There problem here is that, there has to be some sort of regulation or permanent control in order to become stable. The only problem with this is that, once it becomes regulated by a single body, that single body will then have the control over the transaction that comes into place, and thus have a control on the economic growth and structure of a country. It will defeat of the purpose of Bitcoin becoming decentralized.

tuikindu01

newbie

Activity: 224

Merit: 0

The world's true financial expert and investment expert, warren buffett, believes that bitcoin "lacks intrinsic value in this digital currency". It seems that the stock god thinks bitcoin is a bubble. But Mr Buffett has also said that gold has little practical use compared to land, factories, raw materials and so on. Similarly, expensive diamonds don't have much use. Is the diamond intrinsically valuable? Do diamonds have bubbles?

Some people say that bitcoin is just a bunch of code, so it has no real purpose. This logic is wrong. Code can also have practical USES. It is because of a string of code of Internet technology, play a real role.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: Washball on December 16, 2017, 11:33:09 AM

Many people are warning that we might be in a bitcoin bubble. Governments, banks, financial institutes, they all warn us to be careful although they're also into bitcoin. They all compare it with the tulip bubble, but the point is, we have not seen this bubble burst and it does not look like It's going to. There might be a correction, the price may fall to 14K or maybe even lower. But the price will remain above 8K, no matter what. So there's no bubble, at least, it won't burst.

The volatility of Bitcoin market on the treed is very apparent to happened, the price value may go down and goes up, depending the market movement on crypto currency trading. Bitcoin was hammered by a lot of issues like, the issue on Banned, Scammer, and now the, issue on Regulation by its country on Digital transaction of Bitcoin, This are just few of reason why Bitcoin price value goes down and up but not BUBBLE, if we look back on the market preview the market on Bitcoin project investment had survive the supposed Bubble, and we can see now a more favorable market trading investment for the Bitcoin and other ALT coin posted on the market. It was not a Bitcoin BUBBLE but it only a reaction to the issue posted vs.Bitcoin.

Tatars kun

newbie

Activity: 58

Merit: 0

The creation of bitcoin heralded the arrival of digital or crypto-currency and has been regarded as a phenomenon. Since its introduction, it has experienced a meteoric rise in price and rapid growth accompanied by huge volatility swings, and also attracted plenty of controversies which even involved law enforcement agencies.

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

Quote from: Washball on December 16, 2017, 11:33:09 AM

Many people are warning that we might be in a bitcoin bubble. Governments, banks, financial institutes, they all warn us to be careful although they're also into bitcoin. They all compare it with the tulip bubble, but the point is, we have not seen this bubble burst and it does not look like It's going to. There might be a correction, the price may fall to 14K or maybe even lower. But the price will remain above 8K, no matter what. So there's no bubble, at least, it won't burst.

Bitcoin is on different status now compared when this post wall created in 2017, A lot of speculation was hammered to Bitcoin early this year of 2018, yet the market corrected itself and the price value of Bitcoin stabilized to a more favorable to the Bitcoin project investors, it has a good fundamentals now, the level of confidence is increasing with the new investors of Bitcoin project coming in, and some are just waiting for the right timing to get into the Bitcoin trading market. If we look back on the market preview we can say that Bitcoin price value on the market as posted when it goes down to the level that investors would ever think, the Bitcoin marketed correct itself after the hiccups on the trading, it was never a bubble.

Dhimas Kanjeng

full member

Activity: 290

Merit: 100

Can be said so, I'm sure that bitcoin is the biggest bubble of all time because bitcoin values can go up and down hundreds or even thousands of dollars per day, but the most important thing for us is to get the profit from the bubble.

satria stell black

newbie

Activity: 146

Merit: 0

I'm not interested in buying it and I'm still interested in Bitcoin to become an all-time bubble. I'm sure Bitcoin is the single most valuable coin and can be a future coin. I will continue to buy Bitcoin and hold Bitcoin anytime.

andriarto

sr. member

Activity: 1344

Merit: 253

Quote from: Jembut Ireng on May 20, 2018, 09:34:57 PM

What happens with bitcoin is a natural phenomenon, I'm sure bitcoin is not a bubble but purely transactions between users, if anyone says bubble then he does not understand decentralization.

which they worry about if there is no trust from the user, so a lot of selling. this is what makes bitcoin fall after being on a hill. but that I think will not happen because more and more btc users

Bohxz M4p4gm4h4l25

full member

Activity: 339

Merit: 120

Quote from: Charisse1229 on December 16, 2017, 01:21:52 AM

Yeah. Bitcoin is now the biggest bubble of all time becuase its value is unpridectable nobody knows if bitcoin is what exactly amount reach. Bitcoin is bounceback and after that he can fly to the moon. Bitcoin is the biggest and strongest coins of all time.

Good observation, Bitcoin for me is the best bubble that occur in human history, successful thing is considered if it was relevant not only for oneself but also help other people to success, I guess Bitcoin is definitely siitable for that given the fact that it occur in digital age, it happens to be a rare way to earn, we cannot predict its price though.

Grimjhow

jr. member

Activity: 159

Merit: 1

of course bitcoin is a bubble in the future. because for us bitcoin is also an easy investment that we use to make a lot of profit in the future because bitcoin price every day always goes up higher so for us bitcoin the future is very good.

Topic: Is Bitcoin now the biggest bubble of all time? - page 10. (Read 2985 times)