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.
Topic: Is Bitcoin now the biggest bubble of all time? - page 15. (Read 2971 times)
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.
I guess thats the spirit we all must have, just think positively and the outcome of it will also be positive. With all these dropping of the value of bitcoin is happening a lot of people are losing hope with bitcoin, but little do they know that it is normal since bitcoin is very volatile. How high the price went up in just a span of time is also why it is dropping rapidly. If we continue to say give only bad thoughts on Bitcoin, it will also discourage some people that are still trying to consider it, and will make them quit. But when we continue to say positive things, the community will continue to progress. Although it doesn’t favor everyone, but just work hard.
Bitcoin can be viewed as a bubble . It can be blown up to the room quickly . Put money into your bitcoin investment can quickly get rich . But then the bubble could burst anytime it wants . You must also accept the risk when investing in bitcoin . Everything has two sides .
Yes, that exactly happen when you think the negativity in other side is overwhelming. The fact that bitcoin is hard to eliminate because of people already amaze and addicted due to its platform that really helps the community to have a digital income that can be a profitable coin in anytime.
Bitcoin can be viewed as a bubble . It can be blown up to the room quickly . Put money into your bitcoin investment can quickly get rich . But then the bubble could burst anytime it wants . You must also accept the risk when investing in bitcoin . Everything has two sides .
Yes, that exactly happen when you think the negativity in other side is overwhelming. The fact that bitcoin is hard to eliminate because of people already amaze and addicted due to its platform that really helps the community to have a digital income that can be a profitable coin in anytime.
Bitcoin can be viewed as a bubble . It can be blown up to the room quickly . Put money into your bitcoin investment can quickly get rich . But then the bubble could burst anytime it wants . You must also accept the risk when investing in bitcoin . Everything has two sides .
I don't think it is right to call Bitcoin as the biggest bubble of all time because it has already proven itself, it is indeed a revolutionary innovation that is the future of financial, banking, payment and investment systems. A lot of lives are changed by Bitcoin and I truly believe in its technology, the block chain would go a long way.
May be is a bubble, so what? If it's a bubble, it's a very profitable one; so accept the opportunities that this "bubble" offers.
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. 
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. Because bitcoin actually has utilities,
bitcoin can be used as currency,
It allows something that was not there before.
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.
When people see a growth that they can't understand (or that they lost), they call it "a bubble".
Anything will have an end, so anything can be called a "bubble". But in the meanwhile, you can use it and make a profit.
Even if you do not take into account the all time high and take 10k as the base price of bitcoin that is still a 10k increase in a year this is huge, and there is a reason for that growth segwit finally got activated which is laying the foundation for the LN this is important since bitcoin is a lot closer to become a payment platform that can be used by the whole world, this is why the price grew so abruptly. Anything will have an end, so anything can be called a "bubble". But in the meanwhile, you can use it and make a profit.
Maybe the one that do not know much about economy is you.
And no, volatility is not good except for trading and gambling.
And no, volatility is not good except for trading and gambling.
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.
, but little do they know that it is normal since bitcoin is very volatile
I see the graph you put on it feels awful from this bitcoin movement really a very horrible bubble for new players who buy at the price of $ 20k must be very depressed to see the current price falls very deep.
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.
I guess thats the spirit we all must have, just think positively and the outcome of it will also be positive. With all these dropping of the value of bitcoin is happening a lot of people are losing hope with bitcoin, but little do they know that it is normal since bitcoin is very volatile. How high the price went up in just a span of time is also why it is dropping rapidly.
I do not believe bitcoin is a bubble, Bitcoin is the future.
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?
Thoughts?
Yes they are a bubble but the good thing is they have a regeneration feature and now yhey are slowly recovering all the prices t are gone in the huge explosion of the bitcoins last december. And that is not a problem since they are still the number one coin in all the cryptocurrency so even if they have fallin a huge price they are still the number one and there are some rumors thay they will be much more huge before the year ends.
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?
Thoughts?
Yes they are the biggest bubble this period of time but still they are the most successful coin. The calculations of the people those experts are true bitcoins is a bubble and they exploded in the late part of the december last year. From $20k in the market and now almost a half are down. And those people still buy bitcoins when they are on the highest peek. That is the worse decision you will ever commit but i know that they will rise again in the market and will explode again and they will do it ober and over again. Just hold and sell.
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.
Because bitcoin actually has utilities,
bitcoin can be used as currency,
It allows something that was not there before.
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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?
Yes it is now a biggest bubble to all bitcoiners who love and enjoy bitcoin world because of its powerful value Thoughts?
Except
a) Blockchain is not a currency but a database. Forced to "replace the unfair banking system" by becoming another baking system, just controlled by teenagers and random Exchanges.
b) This is pure gambling, and that is why its value is not 0. Paypal and hundred of other currencies exist (including "altcoins").
c) It is not a scarce resource, it is not like gold. You can have as many blockchains as you need / want. There are hundreds of Bitcoin clones, some better even.
"It could come down to how much of a legitimate need there is for technologies like bitcoin"
At the moment, pretty much none. You can do a similar system with videogame points with a regular centralized database and call it a day. Also, PayPal exists, apps like Revolut or n26 also exist, Moneygram, etc.
And even if Blockchain can be used as a currency and we all agree, there is no reason for it to be Bitcoin itself. As for now, you can see scams, exchange hacks and no user-friendly technology.
a) Blockchain is not a currency but a database. Forced to "replace the unfair banking system" by becoming another baking system, just controlled by teenagers and random Exchanges.
b) This is pure gambling, and that is why its value is not 0. Paypal and hundred of other currencies exist (including "altcoins").
c) It is not a scarce resource, it is not like gold. You can have as many blockchains as you need / want. There are hundreds of Bitcoin clones, some better even.
"It could come down to how much of a legitimate need there is for technologies like bitcoin"
At the moment, pretty much none. You can do a similar system with videogame points with a regular centralized database and call it a day. Also, PayPal exists, apps like Revolut or n26 also exist, Moneygram, etc.
And even if Blockchain can be used as a currency and we all agree, there is no reason for it to be Bitcoin itself. As for now, you can see scams, exchange hacks and no user-friendly technology.
Part of me feels compelled to point out growth charts depicting automobiles replacing horse drawn carriages resembled a bubble. The growth of personal computers and operating system manufacturers like microsoft resembled a bubble, as they replaced more traditional paper trail based office systems.
One valid question may be whether crypto currencies represent the next evolution of banking and electronic payment systems. If a case could be made for bitcoin eventually making banking systems and electronic fiat obsolete. What we could be seeing is what happens when someone succeeds in inventing a better mousetrap. In that case, bitcoin wouldn't be a bubble, it might better be described as the future? If that makes sense.
It could come down to how much of a legitimate need there is for technologies like bitcoin. That's something that isn't easy to measure as far as I know. If there's a real and dire need for bitcoin and crypto currencies which will sustain their growth, it may not be a bubble at all.
Also keep in mind the chart which depicts bitcoin's growth could be misleading. Bitcoin reached an all time high of greater than $1,000 around 2014. A case could be made for btc trading at nearer to 10x its ATH, which could be sustainable, rather than the 40 to 60 x some cite back to around 16 months ago.
One valid question may be whether crypto currencies represent the next evolution of banking and electronic payment systems. If a case could be made for bitcoin eventually making banking systems and electronic fiat obsolete. What we could be seeing is what happens when someone succeeds in inventing a better mousetrap. In that case, bitcoin wouldn't be a bubble, it might better be described as the future? If that makes sense.
It could come down to how much of a legitimate need there is for technologies like bitcoin. That's something that isn't easy to measure as far as I know. If there's a real and dire need for bitcoin and crypto currencies which will sustain their growth, it may not be a bubble at all.
Also keep in mind the chart which depicts bitcoin's growth could be misleading. Bitcoin reached an all time high of greater than $1,000 around 2014. A case could be made for btc trading at nearer to 10x its ATH, which could be sustainable, rather than the 40 to 60 x some cite back to around 16 months ago.
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