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Topic: Is Bitcoin now the biggest bubble of all time? - page 18. (Read 2971 times)

sr. member
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Even the richest people on the planet bash Bitcoin for what it isn't... I bet they're just salty they missed the ride and wanna get on the next stop lol.

Or perhaps, as Bitcoin sits less than 50% of its all time high and is still on the way down, they were right and all the dreamy-eyed HODLers are now panic selling because deep down they fear that this really was a bubble, and it's now finally popping for any myriad of reasons: Bitcoin isn't a currency, it isn't useful to transact commerce, speculative hype has run out and now the coin has to trade on utility, Bitcoin is too slow, Bitcoin is too expensive to transfer value, and on and on.


    You state great points my friend, and i really do agree on some. But the thing is, lightning network is about to put an end to the main problems of bitcoins. And evry day we are getting close to the time of implementation of this new idea. There have been tests already that were successful. And i think this will be a way toake bitcoin reach incredible heights again. Breaking records by records all over again.

      And abiut the big price drops? I am more hapoy than worried. In fact, i am hoping for lower dips so i can buy a lot more bitcoins for a cheap price. But sadly, i think these dips will only be lasting for this month. Oh well, at least this dip has gotten rid of weak handed noobs that are bad for the crypto world as a whole.
hero member
Activity: 882
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cloverdex.io
Even at its peak, the total market cap of the crypto-currencies was around $750 billion. Now compare this to the total market capitalization of NASDAQ in 2000, which was around $5 trillion. So we can't yet call Bitcoin as the biggest bubble of all time. There are two reasons. First of all, we are not sure whether it is a bubble or not. And secondly, the market cap is less than that of the dot com bubble.

Yah. Even the studies say that even none adaopts bitcoin, the market will go down to 70% from the current position $700 billian to $223 billian by the end of Decemer 2018. Current situation is not really a biggest bubble of the history. I am sure this would be the last one. Adaption are in progress. The value would resume as quickly as possible. All who holds coins should really wait for atleast  a month to see this situation changes 
legendary
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Leading Crypto Sports Betting & Casino Platform
Even at its peak, the total market cap of the crypto-currencies was around $750 billion. Now compare this to the total market capitalization of NASDAQ in 2000, which was around $5 trillion. So we can't yet call Bitcoin as the biggest bubble of all time. There are two reasons. First of all, we are not sure whether it is a bubble or not. And secondly, the market cap is less than that of the dot com bubble.
full member
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I don't think it is a bubble, because I have to believe on that. I don't sold anything at price spike and I wont do this now. No fears, no regrets. Does Bitcoin has its problems? Yes, it does, but I believe people will solve and Bitcoin will become better and better, till it have real utility in/to economy.
legendary
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Even the richest people on the planet bash Bitcoin for what it isn't... I bet they're just salty they missed the ride and wanna get on the next stop lol.

Or perhaps, as Bitcoin sits less than 50% of its all time high and is still on the way down, they were right and all the dreamy-eyed HODLers are now panic selling because deep down they fear that this really was a bubble, and it's now finally popping for any myriad of reasons: Bitcoin isn't a currency, it isn't useful to transact commerce, speculative hype has run out and now the coin has to trade on utility, Bitcoin is too slow, Bitcoin is too expensive to transfer value, and on and on.
full member
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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?

I don't think that it's the case but you can really never say until it either happens or does not happen. If the price drops in a few weeks or months to under $100 or so then yes you'd consider it to be but I don't really think that will happen.
full member
Activity: 280
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At present, Bitcoin rates are low and unstable in the past, if anyone says Bitcoin is a bubble, they do not understand the general cryptocurrency market as well as Bitcoin. Because the exchange rate fluctuations are not stable is very normal. And the bubble bursts when it reaches a limit point, but Bitcoin has not yet reached a limit point.
member
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Something can be called "bubble" only after its explosion.
At present, bitcoin is the biggest boom in history, and it's wise to profit of its growth.
We'll see what to do with this presumed bubble.
member
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Someone said that a bubble is just a boom defined as  bubble by people who didn't invest in it.
Actually, all what we see if a fantastic growth, and we can profit of it.
Then, we'll see what to do.
member
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Why everyone keeps saying that bitcoin is a bubble ? The decentralization of this will keep the bitcoin alive and will not pop. I think government all around the world is against to it because of that conspiracy. Others don't believe that bitcoin's price had reach $20000 so they think it is big bubble to ride in but this will not pursue me to stop, bitcoin has a potential and give opportunity as well.
newbie
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Even the richest people on the planet bash Bitcoin for what it isn't... I bet they're just salty they missed the ride and wanna get on the next stop lol.
hero member
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Bubble bubble bla bla bla. Everyone says that bitcoin is a bubble and for sure those lads doesn't have bitcoin until now. They are skeptic about the growth of bitcoin and how about those stocks, gold and other commodities that has increasing value. They never understand what supply and demand plays for.
full member
Activity: 476
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Nothing is a bubble, until it crash. So, the best strategy is to profit now; then, we'll see

I really want to believe that Bitcoin is not a soap bubble. While there is an opportunity to earn money on Bitcoin, I do it. Time will tell.
sr. member
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yes from the presence of bitcoin from 2009 until 2017 today bitcoin prices are broken with the highest price in the price of $ 21k and it is experiencing a terrible bubble and will make people depressed for those who buy at the price of $ 21k.
member
Activity: 118
Merit: 10
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.
yeah you're right no one's know wheres the source value of bitcoin the price is unpredictable the bitcoin price reach on 2017 is $22k  hopping will grow again like that
full member
Activity: 252
Merit: 100
The presence of bitcoin and decentralization system make things and big changes, now the direction of trading becomes easy because we can deposit and withdraw in minutes and does not require confirmation to customer service.
Yes and there are a number of other benefits out of bitcoins. I don't think calling bitcoins as a bubble might be correct as bitcoins help a lot of users here to setup their financial stable life. Even i am not financially stable due to bitcoins and I won't make mistake by calling bitcoins as a bubble.
member
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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 this time is a very high bubble and it looks like there will be another bubble in the middle of this year, and will make the bitcoin price very terrible if it falls down.
member
Activity: 217
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Bitcoin has been described to be the bubble. In reality bitcoin is all about the gradual growth and in between some large scale variations takes place. This has been interpreted as bubble which is not the real fact. Hope things will change when users get into deep analysis about the growth happening with bitcoin.
sr. member
Activity: 1722
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The presence of bitcoin and decentralization system make things and big changes, now the direction of trading becomes easy because we can deposit and withdraw in minutes and does not require confirmation to customer service.
legendary
Activity: 2044
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I feel like it is now yes , a lot of dumb money coming in.
When ripple is at 3 dollar you know there is something wrong.

Ripple is experiencing a bubble like just about every major crypto (and many minor cryptos for that matter) experiences. When Bitcoin volatility dies down, you may see traders pump other alts to create the volatility they need to profit off of. Criticizing Ripple at 3 dollars but ignoring a far more useless crypto's valuation two times higher (ahem, Bitcoin) doesn't make much sense. Criticizing any of them while not criticizing the bubble they all exist in makes even less sense.

Also, those numbers were true as of a week or so ago. Now that Ripple is down about 35% from that point, Bitcoin's valuation is 3x Ripple's, which makes even less sense for a crypto that can no longer operate efficiently.
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