Topic: Is Bitcoin now the biggest bubble of all time? - page 19. (Read 2988 times)
No, modern capitalism with banks is the biggest bubble of all time
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.
When ripple is at 3 dollar you know there is something wrong.
As far as i know, December 2017 is the biggest bubble on bitcoin history ranging from $18k to $18.6k it gradually came back from $14k on the end of the month but started to increase again on this first week of January 2018.
Every non-believer and new players wilo say this or agree to this. At least most of the newbies.
Simply because they do not understand butcoin completely. Which is why they do not believe it and cannot get the whole picture or even picture a small detail of what the future of butcoin might be. Which is why they spread fuds, panic sell and drag along as much as they can to make a lot fail if they fail.
Simply because they do not understand butcoin completely. Which is why they do not believe it and cannot get the whole picture or even picture a small detail of what the future of butcoin might be. Which is why they spread fuds, panic sell and drag along as much as they can to make a lot fail if they fail.
Bitcoin in my opinion is one of the greatest assets if it is for one's investment Because price movements often change so that it is possible to earn an income in a fairly fast time.To be able to meet all the economic needs at any time.
People confusing "income" with price appreciation are showing they don't really understand investing. Bitcoin does not produce income, and it has no inherent value. Stocks that pay a dividend, by comparison, produce income and have an inherent value because stocks represent a legal ownership of the business that produces the income. Bitcoin doesn't produce income, it's merely an asset that has value because many people think it does. Going up in value does not mean producing income.
Actually i don't think bitcoin is bubble now, because it is much more popular than 2013. As we all know in 2013 it was bubble burst at that time bitcoin price was fallen from peak to low.
But 2018 it is not possible because now people are interested in bitcoin and they are holding it for long term, they are not dumping it .
But 2018 it is not possible because now people are interested in bitcoin and they are holding it for long term, they are not dumping it .
Bitcoin is future of money. Day by day popularity and activities of bitcoin is increasing. Many people every day engaged in Bitcoin. Though bitcoin price is unpredictable but value is very good. We say it bubble and hope price will continuously rising.
Bitcoin is unique investment so it's worth for who seek a long term profit.
Just take a look on bitcoin value , $ 15000++ , I knew bitcoin when it still $ 400 , 3 years ago so yeah... this year is the most insane change for bitcoin !
Well I think yes it is. I do believe that bitcoin is now the biggest bubble og all time because I heard on local news how they said that bitcoin is big bubble , they compare it with dot-com bubble and predict the same scenario.. And for them the main reason is unbelievably growing price this month of December,because the value of bitcoin is 1 million.. They can't explain why price is growing so fast and so high. For me that is nonsense , price is going up all the time because new people coming everyday and invest in crypto world. I think that they all just jealous because they didn't invest in time like most of us users did .
Yes, bitcoin is the biggest bubble of all time, when getting bigger and bigger,You would say that bitcoin is a bubble, because You will be trusting personality that is trusted by the bank, to promote their company, they will speculate and compare that bitcoin is a bubble, and because of that can be said of bitcoin now ,is a bubble of all time, because the price is not everyone knows that the rise or fall it's when.
Bitcoin in my opinion is one of the greatest assets if it is for one's investment Because price movements often change so that it is possible to earn an income in a fairly fast time.To be able to meet all the economic needs at any time.
Nothing is a bubble, until it crash. So, the best strategy is to profit now; then, we'll see
This can be biggest bubble no doubt.........
The digital currency market faces 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. BTC price has now gone up over 17 times this year, 64 times over the last three years .
Anytime this bubble can be burst......
The digital currency market faces 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. BTC price has now gone up over 17 times this year, 64 times over the last three years .
Anytime this bubble can be burst......
In my opinion, Bitcoin will defeat fiat currency in the upcoming days, as we see how people become crazy in digging with bitcoins, this is sign of success, and i believe this will become a universal currency in the future.
No I don’t think so. These kind of statement has no value because those are the jealous people who say that bitcoin is a bubble and will burst out anytime and all the investors will lose their investment. I think these are the brainless people that give such false statements about bitcoin. Nothing will happen to bitcoin and with the passage of time all the people in the world will use bitcoin as their regular currency for their daily expenses.
"Bubble" is a incorrect word, because it implies a kind of scam or a kind of loss. Actually, anything will end some day, so anything is a "bubble".
But before the explosion, we have a lot of opportunities to work on.
But before the explosion, we have a lot of opportunities to work on.
The term "bubble" doesn't denote a scam, it just denotes an asset whose value has become disconnected from reality as it trades on momentum without any regard for inherent value. Alan Greenspan termed the coin "irrational exuberance" to describe the stock market during the tech bubble in the 1990s. Crypto is definitely in a bubble phase, the parallels with the tech bubble are uncanny, with companies with no real business or assets changing their names to include the word "blockchain" in their name and experiencing stock pops for no reason other than the name change. Classic bubble.
I've heard opinions from a lot of financial professionals and they think that Bitcoin is a dangerous speculative bubble, and that Bitcoin getting more legitimate is kind of dangerous for investors. Well, I personally believe that bitcoin is a bubble, we just don't know when and how fast it will lose its value. But a part of me hopes that it won't because I want it to continue to grow more and become stronger in the future since Bitcoin really helped me a lot with my financial needs. If ever bitcoin really is a bubble and it goes down, it will surely hurt the last investors the most. Lucky are those who got out and profit already even before the bubble bursts.
Well, if everyone of the investors will pull out their money its bitcoin. It will surely collapse. Bubble or not, we are here because bitcoin is giving us an opportunity to be richer than before.
I don't know if anyone pointed this out because this thread is tldr. There's a similarity between bitcoin and all of the bubbles in this this chart. They both seem to have little bouts of recession that are proceeded by a huge spike. I'm literally dying over here because someone I know was trying to convince me that bitcoin is here to stay, and and not to worry about a bubble popping because of this exact reason. He said "Bitcoin keeps taking one step back three steps forwards". I think at the very least, these should be little reminders of just how fast the price can drop in such short spans of time.
https://i.imgur.com/s2WGkSi.png
https://blockchain.info/charts/market-price?timespan=all
https://i.imgur.com/s2WGkSi.png
https://blockchain.info/charts/market-price?timespan=all
A lot of time we interpret something that would be better in the long term as this. Even at the current price which is a free fall from the highest level we have witnessed, but its still a far ahead than where we were few months ago. This is actually a good thing for bitcoin. A lot of people will see this as a way to mock bitcoin holders or even people involved telling them "I said so" but its going to be short lived as we are going to be back stonger.
Bitcoin now the biggest bubble of all time because it's a digital currency and it implies a kind of scam or kind of loss actually anything end someday so anything is bubble but before the explosion we have a lot of opportunities to work on and everything just a bubble that anytime can burst and one of them are slower process of them.
A lot of time we interpret something that would be better in the long term as this. Even at the current price which is a free fall from the highest level we have witnessed, but its still a far ahead than where we were few months ago. This is actually a good thing for bitcoin. A lot of people will see this as a way to mock bitcoin holders or even people involved telling them "I said so" but its going to be short lived as we are going to be back stonger.
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 $17,000) than anyone on these boards seems willing or able to recognize.
Thoughts?
For the present time bitcoin can be considered as a bubble for some reasons as it has increased its price from 4000$ to 17000$ in just 3 months and it is a huge margin and also if we see current statistics it has dropped to around 14000$ and is still coming down . I am not absolutely sure on this and no one can be sure but there may be chances that in few years the bubble may explode.Thoughts?
Well, to be fair, 14k is still a lot, I would just call this a correction but eventually it will probably explode or die if current issues are not solved. I do think however that after 1-2 days it will just climb back up again.
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