"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.
Topic: Is Bitcoin now the biggest bubble of all time? - page 20. (Read 2971 times)
The thing with us bitcoiners is that we never really accept anything until it is laid out in front of our eyes. Stats don't mean shit to the most of us because bitcoin has the tendency to ignore the statistics and history and draw its own line. I am thinking that bitcoin is somehow the start of a new era of cash, and the increasing price is only a demonstration on how far this thing can go if almost all the people in the world get involved. Unlike tulips, bitcoin has its own practical uses that most of us can really take advantage of, so unless everything goes south, bitcoin in my eyes would never be a bubble.
You are absolutly right ! The originator of this thread missed some import points.
Only one is that the tulip hipe was about tulip bulbs. Unfortunately every customer acquiring one is able to multiply it simply by using it. So effectively, as soon as one tulip bulb is sold to a non-speculator, it's value is destroyed.
Maybe there could be some similarities to Proof of Stake based blockchains. Surely not to Bitcoin !
Bitcoin's inherent feature is, that it is not possible to multiply it's number. That the ownership of bitcoins does not generate automatically new value for the holder.
Bitcoin's inherent disadvantage is it doesn't scale, and in that, Bitcoin is just as useless as Tulips and the analogy is appropriate. Bitcoin Cash exists because Bitcoin can't/won't scale. There are now routinely 150k unconfirmed transactions with spikes up to 300k. Fees are sky high. The average transaction fee for Bitcoin is no over $35 while it is about 3 cents for Bitcoin Cash. Bitcoin will eventually lose a great deal of its value because it's useless for payments, a fundamental aspect of a currency. Without utility, all the speculation is not value that will ever be realized. The present conditions make it almost certain that another crypto will supplant Bitcoin as the dominant crypto. The question is just which one is going to do it.
Everything is just a bubble that anytime can burst. Based on the factors of bitcoin it is far from over. Although there are some factors that might affect the bitcoin. One of them is the slower transaction process right now.
I believe so too. This fluctuative price of bitcoin is a problem, so I think it's possible for bitcoin to crash in any time. I totally believe that it's very risky to buy bitcoin at this rate. That's why I stick with altcoins now 
I have been hearing this for last six months that bitcoins price is too high and that it is only a bubble that will burst soon but it never burst and go even more higher. This is because of the fact that bitcoin is not a bubble, it is actual demand which is causing the price to rise so high and fast.
Rather than bubble burst, i think the bitcoin price will go more higher.
I think the bitcoin cryptocurrency money is one of the greatest financial bubbles of all time.
If you think something is not that much stable as others, then it is a bubble, if this is the case you consider I must oppose this. Reason is, there are so many big differences between crypto world and that is of fiat. But the one and the important is, these coin prices don’t stable. They are always going up sometime and then declining with much acceleration. So yes or no, it differs.That's it. There is need for the ultimate BUBBLE-Coin.
I think the bitcoin cryptocurrency money is one of the greatest financial bubbles of all time.
If you think something is not that much stable as others, then it is a bubble, if this is the case you consider I must oppose this. Reason is, there are so many big differences between crypto world and that is of fiat. But the one and the important is, these coin prices don’t stable. They are always going up sometime and then declining with much acceleration. So yes or no, it differs.I think the bitcoin cryptocurrency money is one of the greatest financial bubbles of all time.
If you think something is not that much stable as others, then it is a bubble, if this is the case you consider I must oppose this. Reason is, there are so many big differences between crypto world and that is of fiat. But the one and the important is, these coin prices don’t stable. They are always going up sometime and then declining with much acceleration. So yes or no, it differs. Bubble or not as long as we earn from bitcoin, who cares? I think if bitcoin is a bubble it had already burst. Right?
Absolutely. Bubble or not still bitcoin is bitcoin and we're all profiting with it. I just don't get it why people always says that bitcoin is a bubble when the truth is just in front of their faces. We've seen how it struggle and when it recover it just surprise us whenever it bounce back.
That's not the same. We are profiting primarily from bitcoin as it is our own currency, no one has absolute control about, allowing us to freely trade and invest. Earning from 'bubble' prices is by exchanging bitcoins to fiat at a higher price than it was bought. Leaving the cryptoworld ! And trading an asset.
The thing with us bitcoiners is that we never really accept anything until it is laid out in front of our eyes. Stats don't mean shit to the most of us because bitcoin has the tendency to ignore the statistics and history and draw its own line. I am thinking that bitcoin is somehow the start of a new era of cash, and the increasing price is only a demonstration on how far this thing can go if almost all the people in the world get involved. Unlike tulips, bitcoin has its own practical uses that most of us can really take advantage of, so unless everything goes south, bitcoin in my eyes would never be a bubble.
You are absolutly right ! The originator of this thread missed some import points.
Only one is that the tulip hipe was about tulip bulbs. Unfortunately every customer acquiring one is able to multiply it simply by using it. So effectively, as soon as one tulip bulb is sold to a non-speculator, it's value is destroyed.
Maybe there could be some similarities to Proof of Stake based blockchains. Surely not to Bitcoin !
Bitcoin's inherent feature is, that it is not possible to multiply it's number. That the ownership of bitcoins does not generate automatically new value for the holder.
The price may be a bubble right now, but if you are a long term holder, then you shouldn't be caring about buying right now, because if in the long term it is going to be mainstream then you are going to be really rich.
If you want to buy bitcoin for the long term and you are not really a believer, then I wouldn't buy right now and I would be waiting for the price to decrease a little bit, as I think that the price has been increasing too fast recently and may see a sudden decrease soon!.
TLDR, if you are a true long term believer, then you shouldn't be caring of the price being a bubble or not a bubble.
If you want to buy bitcoin for the long term and you are not really a believer, then I wouldn't buy right now and I would be waiting for the price to decrease a little bit, as I think that the price has been increasing too fast recently and may see a sudden decrease soon!.
TLDR, if you are a true long term believer, then you shouldn't be caring of the price being a bubble or not a bubble.
Crypto can become mainstream without bitcoin being valuable. It's increasingly likely that crypto will continue to increase adoption and that some other more useful coin will replace Bitcoin. Bitcoin Cash doesn't have the current congestion or scaling issues, although I'm not particularly keen on the way it was split off. There are other more worthy replacements. Litecoin is good, Dash is good, Ripple actually has corporate utility that these others don't, so there are plenty of other alts that are more worthy than Bitcoin itself at this point, so make sure you factor that into your investing thesis.
The success of crypto is not the same as the success of Bitcoin. If you're a long term Bitcoin holder, you absolutely should be concerned that Bitcoin is a bubble, because the bubble could burst on you before you can get out.
This is a very healthy correction for bitcoin. You can see similar corrections when you look at the long-term price chart. But i still wanna buy bitcoin cash after a while. Some big investors are shifting to BCC investment i think.
Oh so here goes the same question asked one more time.. How many times are you all going to post the same question?
How many times are we going to see that a new guy has asked "is bitcoin a bubble?" Came on, bitcoin might be a bubble, but sometimes it decides to popup and go down. But we all know the real potential that it has.
How many times are we going to see that a new guy has asked "is bitcoin a bubble?" Came on, bitcoin might be a bubble, but sometimes it decides to popup and go down. But we all know the real potential that it has.
Bitcoin based on computer learning, developers and numbers i trusted in numbers.
bitcoin is bubble for massive price but generally bitcoin have future
bitcoin is bubble for massive price but generally bitcoin have future
I think people who said that what's happening nowdays about Bitcoin is bubble because they knew about Bitcoin in about a year, and this year Bitcoin price hike is fantastic, I think it's not bubble, Bitcoin can go down but not like other down and finally no valuable at all and become trash, decline in Bitcoin price only market correction.
The price may be a bubble right now, but if you are a long term holder, then you shouldn't be caring about buying right now, because if in the long term it is going to be mainstream then you are going to be really rich.
If you want to buy bitcoin for the long term and you are not really a believer, then I wouldn't buy right now and I would be waiting for the price to decrease a little bit, as I think that the price has been increasing too fast recently and may see a sudden decrease soon!.
TLDR, if you are a true long term believer, then you shouldn't be caring of the price being a bubble or not a bubble.
If you want to buy bitcoin for the long term and you are not really a believer, then I wouldn't buy right now and I would be waiting for the price to decrease a little bit, as I think that the price has been increasing too fast recently and may see a sudden decrease soon!.
TLDR, if you are a true long term believer, then you shouldn't be caring of the price being a bubble or not a bubble.
The newbies who bought on the hype train of $10000 are now cashing out their profit. They fear that Bitcoin might not overcome this dip but from all the FUD and bleeding, Bitcoin will continue to rise.
I dont think so, because bitcoin is not that bubble, maybe it goes down but it will goes up again. And I think ,that is the risk what we are talking in the world of investments, and also we should also try other altcoins also if possible.
Bitcoin is certainely not a bubble . Don't you think that we need to wait until we rush to make judgements ?
Many such startups were considered bubbles in the past when they were going high and attaining the best possible publicity . Actually such views and some dishonest users who simply dump bitcoin when they see the opportunity in other acts as a pin inorder to burst the bubble.
Many such startups were considered bubbles in the past when they were going high and attaining the best possible publicity . Actually such views and some dishonest users who simply dump bitcoin when they see the opportunity in other acts as a pin inorder to burst the bubble.
Many startups were considered bubbles in the 90s, and guess what... many were. First, you're certainly right that it's too soon to call this the bubble bursting. It's also probably too soon to conclude it was a bubble. If Bitcoin is going to go right back up, then it's hard to conclude the bubble burst, but it doesn't say anything about the overall mania not being a bubble. This market is intensely irrational. We will only know with the benefit of hindsight and ample distance whether this was a bubble. But seeing how irrational the market is, I'm not betting on Bitcoin. There are plenty of cryptos that are better suited to being Bitcoin than Bitcoin itself, so if crypto adoption continues, it seems more likely to me that it will be all the better, more useful cryptos getting the attention than Bitcoin.
Bitcoin is certainely not a bubble . Don't you think that we need to wait until we rush to make judgements ?
Many such startups were considered bubbles in the past when they were going high and attaining the best possible publicity . Actually such views and some dishonest users who simply dump bitcoin when they see the opportunity in other acts as a pin inorder to burst the bubble.
Many such startups were considered bubbles in the past when they were going high and attaining the best possible publicity . Actually such views and some dishonest users who simply dump bitcoin when they see the opportunity in other acts as a pin inorder to burst the bubble.
Many people are now shifting to alts after a few days of dropping in bitcoin price and they are right like a bubble that goes up very high in just a snap of a finger almost 30% of bitcoin price gone without any signs of recovery while continuously dropping. Is this really just a sort of fluctuations? Or should I agree that bitcoin is really a big bubble. I'm still hoping for the best to happen
Currently, nobody is shifting to alts. Everyone is fleeing everything. If people were shifting to alts, you would see a drop in bitcoin and alts either rising or remaining constant on a USD basis (thus, gaining vs. bitcoin). That's not what is going on. At the present moment, 46 of the top 50 cryptos by market cap are down at least 25% on a USD basis, with the vast majority of them being down a brutal 30-45% in the last 24 hours. Only 1 crypto is actually up out of the top 50.
It's too soon to say this is the bubble bursting. That will depend on if it just inflates again afterward. This market is irrational, and the people buying have irrational expectations. Knowing that alone is enough to make me anti-HODL. On top of that, Bitcoin is a terrible network. We're up to 300k unconfirmed transactions and it just can't scale. I expect if Bitcoin keeps dropping and taking everything with it, it will either be the end of the bubble, or if/when money starts flowing back in, it will go to alts at that time more than Bitcoin.
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