Is Bitcoin now the biggest bubble of all time? - page 14.

South Park

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Quote from: Cryptomagnus on March 01, 2018, 06:08:55 AM

If there is something that men aren't good to do, is to make evaluations about future.
If you read the past declarations of "experts" in any field, you can see how true it is:

-"nobody will lose his time to watch a wood box": it was the TV.
-"nobody will keep on his desk something called mouse"
-"640k of ram will be enough for any application" (oh, this one is from Bill Gates...)
-"there is a market for just 3 computers in the whole world"
-"the internet is interesting only for researchers and big corporations"
-"google is a bubble"
-"facebook is a bubble"

and so on

So, instead to listen to experts' predictions, it's not better to exploit this "bitcoin bubble"?

Many so called experts are not experts at innovation, they are experts of what it already exists this is why it can be so difficult to look ahead and predict what will happen, bitcoin may seem like a thing for nerds to some but most things related to technology begin like that until people begin to catch up and then adoption explodes and bitcoin will probably follow the same pattern.

curry101

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Quote from: Charisse1229 on December 16, 2017, 02:21:52 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.

So you agree that bitcoin is a bubble? Then why are you here? People will believe in bitcoin and some will not. Many people still holding bitcoin because they believe in it that it will be accepted world wide. I just ignore them when they say that, call bitcoin what ever they want. Bitcoin will strongly face all challenges and it will be always on top.

terrific

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Call it what they want to about bitcoin. Bitcoin is a bubble? OKAY.
In everything that is gaining quick recognition and awareness and popularity they are calling it as a bubble.
But I wonder when they are going to call the banks are also bubble? They are protecting something so they are calling it as a bubble.

bitllionaire

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Quote from: portotoi on March 01, 2018, 06:38:53 PM

No way. Bitcoin is not the biggest bubble and can be never be a bubble. It is true that bitcoin sometimes decreases, but that does not mean it will become a bubble, because even its value goes down, still Bitcoin will recover. There are just some factor that makes bitcoin decreases its price but it never vanish.

Bitcoin cannot be consider as bubble, but is is the need of the time and the increasing price of bitcoin is only because of the increasing number of bitcoin users and their interest. In future we can expect that its price will continue increasing for a long long time, because still bitcoin price is trading in low price and it has still too much potential to increase its price.

motoprose

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Quote from: yepaiyique2 on March 01, 2018, 06:24:50 AM

Fiat money is the biggest bubble, and it is up to the people to pay as much as they want.

Bitcoin has been around for nine years, and it's been five years since the so-called experts have been singing bubbles, to understand bubbles, to first understand inflation and deflation, bitcoin is deflation, tulips are inflation, and money is inflation.

Fiat is the biggest bubble?
Yet we all need to depend on it unless something comes along to compare to it's accessibility around the globe and is accepted where we go to use it.

Bitcoin is not there yet but when it does then we can all say your quote above. Wink

South Park

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Quote from: GregH37 on February 28, 2018, 02:05:51 AM

Maybe it is the biggest or it is not. But why are we even calling Bitcoin a bubble? I thought this is a word that is being used by those economists that are seeking for ways to destroy Bitcoin? And what is even a bubble? Is Bitcoin a bubble? Some of us here claimed that a bubble means that Bitcoin is being sold at a price rate it is not worth.

But I’m getting a different definition From Google and that is– a type of economic bubble taking place in stock markets whereby market participants drive stock prices above their value in relation to some system of stock valuation. Seems to have the same meaning. But is Bitcoin a bubble? And is market bubble a bad thing? After all it was caused by the rate of demand according to the definition I found online.

Bubbles are not necessary a bad thing a greater allocation of capital in an industry makes the development of that industry faster so it reaches the masses faster than it could have happen otherwise, the problem with bubbles are the effects on the individuals, a person that bought at 20k and now sees bitcoin at 10k probably does not care too much about the good aspects of the bubble and only cares about the money he lost.

portotoi

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No way. Bitcoin is not the biggest bubble and can be never be a bubble. It is true that bitcoin sometimes decreases, but that does not mean it will become a bubble, because even its value goes down, still Bitcoin will recover. There are just some factor that makes bitcoin decreases its price but it never vanish.

BountyX

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What you have displayed is a very nice chart, however one important bubble is missing: the current derivatives market, which in 2018 is amounting to I even don't know how many quadrillions of dollars. Bitcoin's bibble is just a little drop in the sea compared to that. You may have a much better perception by watching a ghraphic representation:

https://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

jhean_arcane

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The media insists on saying that Bitcoins is a bubble. But up until now, it hadn't bust. Why? Because it is not a bubble. It may be very volatile now, but it doesn't mean it's just a fad. It had already established itself in the financial radar of the world and now it is taking root in almost everything. Plus, many may not like bitcoin but many accepts blockchain as a formidable technology. While blockchain exists, bitcoin will stay. You cannot separate the two.

So never believe that bitcoin is a bubble, because if it is, it should have already burst last year.

South Park

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Quote from: cryptbit.man on February 25, 2018, 12:47:21 PM

It really depends what parameter are you using to define big. If you're talking about money invested, impact of the pop or how much it affected people's life.

Bitcoin is not a bubble, there are several other industries that behaved like a bubble and never went down since those were new technologies, people like to talk about the dot com bubble but what they do not tell you is that after that the stocks that survived went to become the huge companies of today, those that invested in bad stocks lost money but those that invested in good stocks became rich.

yepaiyique2

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Fiat money is the biggest bubble, and it is up to the people to pay as much as they want.

Bitcoin has been around for nine years, and it's been five years since the so-called experts have been singing bubbles, to understand bubbles, to first understand inflation and deflation, bitcoin is deflation, tulips are inflation, and money is inflation.

Cryptomagnus

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If there is something that men aren't good to do, is to make evaluations about future.
If you read the past declarations of "experts" in any field, you can see how true it is:

-"nobody will lose his time to watch a wood box": it was the TV.
-"nobody will keep on his desk something called mouse"
-"640k of ram will be enough for any application" (oh, this one is from Bill Gates...)
-"there is a market for just 3 computers in the whole world"
-"the internet is interesting only for researchers and big corporations"
-"google is a bubble"
-"facebook is a bubble"

and so on

So, instead to listen to experts' predictions, it's not better to exploit this "bitcoin bubble"?

Janodevera

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While proponents of the digital currency bitcoin argue that its massive price appreciation over the course of 2017 is only the latest step in a rally that will see it multiply several times over from its current levels, another analyst has a far different take: Not only is bitcoin a bubble, it is the biggest bubble of all time. That view comes courtesy Howard Wang, co-founder of Convoy Investments, who charted bitcoin’s massive gain against other famous periods of speculation, notably the Dutch tulip mania in the 1600s, which had previously reigned as history’s biggest. Like other analysts, Wang said he was “highly bullish” on blockchain, the decentralized ledger technology that is the underpinning to bitcoin and other digital currencies, though he was skeptical on bitcoin’s long-term price prospects.

nikisev

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Im the very decease you pretend to be

BTW is bullshit picture. Checkout NASDAQ indexes, we doubled bubble rates since 2002.
And it 500 bilions, so there is not much users to get excited and push price really high.
BTC has limited supply and its awesome tech.
Check NETFLIX stock for example, looks very familiar.

Tiktik

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Quote from: jaysabi on December 15, 2017, 07:07:53 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?

Bitcoin is the biggest bubble because bitcoinis the biggest and so fast to increase more than other altcoins so i think this bubble will give an opportunity to al to get more and more money by doing trading i am sure 100 percent.

PizzaBTC

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Quote from: Sengoko on February 26, 2018, 02:09:15 AM

Quote from: Triyavam on February 24, 2018, 10:34:35 PM

Bitcoin is the biggest and strongest coin of all time.
Because bitcoin actually has utilities,
bitcoin can be used as currency,
It allows something that was not there before.

Bitcoin was and will remain the best coin amongst all other coins which are there in the list of crypto currencies. Since the time, bitcoin came into existence, it has made us surprised by number of things. Bitcoin is indeed the top rated coin and is going to rule the world one day. There is no other coin or currency which can compete with bitcoin in any way and bitcoin will remain the most favorite coin of all times.

Like you and many others, how beautiful it seems that we are talking about bitcoins with much confidence and determination that one day it will become the super currency of the time. Definitely this comes from the relation we all have with bitcoins. Bitcoins have shown amazing feats of successful traits for us that we have successfully increased and increasing our living standards.

rog1121

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I unquestionably concur with this, Bitcoin is at present on an insecure circumstance where in the cost may dump whenever in its most exceedingly bad and the pumping of the money were too moderate, which makes different financial specialists to be concerned and additionally the people who works and holds a benefit who anticipates that for it will be on a superior cost. The affirmed crash of Bitcoin isn't incomprehensible because of the way that few nations has been forbidding Bitcoin to their states.

usam_coiner

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Quote from: Tenderino on February 28, 2018, 10:08:39 AM

The biggest bubble in history is still the fiat money. Take a look what you could buy with $100 hundred years ago and compare what you can get with $100 today? Then you know what has lost most in value. Of course decreased the bitcoin price heavily few weeks ago, but prior to that the price increased heavily and you still have a huge win if you bought one year ago. But the fiat money continuously lost its value!

bitcoin is not bubble at all it has given a lot to the mankind and you are right flat is bubble it is never worth giving to its owner and i am sure thos who are saying bitcoin a bubble will be impressed by bitcoin soon and will invest into bitcoin to earn from this mighty thing.

Tenderino

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The biggest bubble in history is still the fiat money. Take a look what you could buy with $100 hundred years ago and compare what you can get with $100 today? Then you know what has lost most in value. Of course decreased the bitcoin price heavily few weeks ago, but prior to that the price increased heavily and you still have a huge win if you bought one year ago. But the fiat money continuously lost its value!

redsun114

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Quote from: Blue Bell on February 26, 2018, 02:55:25 AM

Quote from: darkywis on February 24, 2018, 01:33:55 AM

I believe that bitcoin is not a bubble it just drop big time because of all the fuzz happening and now its correcting it flow.

Yeah right bitcoin is not a bubble at all. It has huge profit and its own recognition all around the world. For some time price of bitcoin use to decrease that calls the dump or the red time but it is not for bad at all as if the price of bitcoin is low then it is the chance and opportunity to buy more bitcoin at an affordable price, for profit in future, we cannot call bitcoin a bubble for temporary price fall. As many people use to admire bitcoin as it has the fluctuation so everyone is able to buy it.

I also don’t consider bitcoin as some kind of bubble. If it were, it would have burst a long time ago. But we are still having this opportunity of investment around us. Bitcoin is the biggest wonder of this century. It has helped many people in changing their lives and has a great future.

Not only this, bitcoin is also said to be the future of our money. With the changing and advancing technology, I have firm belief is the last statement.

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