Topic: Is Bitcoin now the biggest bubble of all time? - page 5. (Read 3003 times)
There is huge different between bitcoin and tulip buble. Tulip always can produce but not with bitcoin. Bitcoin have limited supply and no one can control the supply. Beside that, if bitcoin a buble why Investment institution like Goldman Sachs investing their funds to crypto market, and we know the reputation Goldman Sachs in investment industry have good reputation
It is not all a bubble, with the price of bitcoin fluctuating the people lacking the true knowledge about bitcoin term it as a bubble. If this is a bubble then the destruction of bitcoin as well other digital currencies would have begun long ago, but now the growth continues. This clears the confusion whether it is a bubble or not.
I'd say that a drop from $20,000 to $6,000 over the course of 6 months is evidence enough it was a bubble. Perhaps it didn't "pop" so much as deflate, but it was a bubble nonetheless. Bitcoin has been bouncing around for a long enough period of time and at a price significantly under the ATH to conclude it was a bubble. If it was not, you would need to see a quick recovery to near the same price, and both of those components have failed. There has neither been a recovery (let alone a quick one) nor has it risen to about the same price.
I agree with what you say, that the decline in bitcoin from $ 20k to $ 6k, makes people think that bitcoin is like a bubble. but when the price is too long in stability, I myself am confused to say that bitcoin is like a bubble or not. every thing that fluctuates I say like a bubble. but I don't think that bitcoin is the biggest bubble of all time. because in my opinion bitcoin still has stability for a long time.
Today many disappointed in Bitcoin people call it a bubble. I can understand these guys - they lost a lot and they blame BTC for their losses. In reality, they are wrong. This is the best crypto.
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?
I think it could be the biggest bubble but I still believe that it could recover. Based on the graph, those problems with regards to economic crisis has been resolved so there is no reason for Bitcoin to also do the same.
I most likely now agree that the bitcoin is a bubble, because well, you can’t so quickly blow something up to incredible heights and also quickly burst the bubble to the lowest bottoms, this is only possible with bitcoin and almost all cryptocurrency, because almost all cryptocurrency depends from bitcoin. I think bitcoin will be considered a bubble until the government takes bitcoin and the whole cryptocurrency in their hands.
In my opinion, the government of some countries are actually causing this huge impact of price drop on bitcoin at the moment, as they are always releasing negative news about crypto-currencies in their countries, and some of the traditional media are also reporting negative news about crypto-currencies in order to create more FUD towards new investors.
I most likely now agree that the bitcoin is a bubble, because well, you can’t so quickly blow something up to incredible heights and also quickly burst the bubble to the lowest bottoms, this is only possible with bitcoin and almost all cryptocurrency, because almost all cryptocurrency depends from bitcoin. I think bitcoin will be considered a bubble until the government takes bitcoin and the whole cryptocurrency in their hands.
Its been many times that others will say that bitcoin is the biggest bubble of all time ,especially the falldown of its price value to lower level ,but this is not the meaning of bubble about bitcoin , because it is still the numver one token of the market and have the highest value among all coins, when bitcoin reach its highest level of value , is that a bubble for bitcoin, it it not.
It is not all a bubble, with the price of bitcoin fluctuating the people lacking the true knowledge about bitcoin term it as a bubble. If this is a bubble then the destruction of bitcoin as well other digital currencies would have begun long ago, but now the growth continues. This clears the confusion whether it is a bubble or not.
I'd say that a drop from $20,000 to $6,000 over the course of 6 months is evidence enough it was a bubble. Perhaps it didn't "pop" so much as deflate, but it was a bubble nonetheless. Bitcoin has been bouncing around for a long enough period of time and at a price significantly under the ATH to conclude it was a bubble. If it was not, you would need to see a quick recovery to near the same price, and both of those components have failed. There has neither been a recovery (let alone a quick one) nor has it risen to about the same price.
I agree with what you say, that the decline in bitcoin from $ 20k to $ 6k, makes people think that bitcoin is like a bubble. but when the price is too long in stability, I myself am confused to say that bitcoin is like a bubble or not. every thing that fluctuates I say like a bubble. but I don't think that bitcoin is the biggest bubble of all time. because in my opinion bitcoin still has stability for a long time.
While this thread was created in 2017 it has transpired tgat bitcoin was in a bubble
thats ok with me because i believe in a positive future for it.
On a separate note, the global stock markets took a 3% drop today. Is that bubble
Heading for a pop too? can crypto benefit if it does?
thats ok with me because i believe in a positive future for it.
On a separate note, the global stock markets took a 3% drop today. Is that bubble
Heading for a pop too? can crypto benefit if it does?
Bitcoin still traded and i think thats indicating bitcoin is not a buble. I think its called buble if bitcoin price become zero and no one trade bitcoin anymore. Its true that bitcoin price drop and many investor moan about this but i think its very usual in any market that the price always volatile
A simple logic indeed, we need to see bitcoin to completely disappear so that bubble thing will proven, as long as bitcoin still exist and there's still people who's willing to buy and trade from this industry the journey to success being an alternative currency still exist and bubble claimed can't be proven around,invest taking your own assessment and make your own analysis so things will be just fine in your future goals.
I have simply stopped paying attention to those people, who call Bitcoin a bubble or a fraud, or something like this. I guess, these fellows simply lost much one time, and now they are looking for some excuses (for themselves).
You overestimate Bitcoin, and cryptocurrency is just the corner of traditional finance. There is still a long room for growth in cryptocurrencies. It is still very small. The biggest bubble in human history is real estate, and real estate in major cities around the world may collapse at any time.
Bitcoin still traded and i think thats indicating bitcoin is not a buble. I think its called buble if bitcoin price become zero and no one trade bitcoin anymore. Its true that bitcoin price drop and many investor moan about this but i think its very usual in any market that the price always volatile
A simple logic indeed, we need to see bitcoin to completely disappear so that bubble thing will proven, as long as bitcoin still exist and there's still people who's willing to buy and trade from this industry the journey to success being an alternative currency still exist and bubble claimed can't be proven around,invest taking your own assessment and make your own analysis so things will be just fine in your future goals.
Bitcoin still traded and i think thats indicating bitcoin is not a buble. I think its called buble if bitcoin price become zero and no one trade bitcoin anymore. Its true that bitcoin price drop and many investor moan about this but i think its very usual in any market that the price always volatile
we could called it buble if no more investors interested in this market.but now , the fact was different.BAKKT even will launched their futures trade for bitcoin and ethereum.no more people said it as bubble again.
Bitcoin still traded and i think thats indicating bitcoin is not a buble. I think its called buble if bitcoin price become zero and no one trade bitcoin anymore. Its true that bitcoin price drop and many investor moan about this but i think its very usual in any market that the price always volatile
we can say it is a bubble due to its all time high down to this todays value, but the good thing is the value is still good because when we say a bubble it means that the value from 10-0.
right, as long as I still have value I think it's like a bubble hasn't broken. even though with high volacity, bitcoin is still fighting, with lots of demand, and the downward trend is natural
we can say it is a bubble due to its all time high down to this todays value, but the good thing is the value is still good because when we say a bubble it means that the value from 10-0.
Im afraid on investing cryptocurrency after seeing those investments that are bubbles also. I can't really believe that there are investments other than bitcoin that are just bubble also. I just that bitcoin will not be like that. I just want that bitcoin to be regulated and then it will going to go like stock market.
There has never been any valid association between Bitcoin and the "bubble syndrome" whatsoever. Simply because a market's value rises, comes down, and then rises again doesn't mean it is a bubble. Instead, that is how markets work, especially the ones key to supply and demand like Bitcoin itself.
The only thing genuinely in a bubble is traditional finance, a system which is bound to collapse on its own sooner rather than later. The way banks and corporations control finance is not sustainable for much longer, and a reckoning will occur sooner or later. That might not necessarily draw more people to Bitcoin, though.
The only thing genuinely in a bubble is traditional finance, a system which is bound to collapse on its own sooner rather than later. The way banks and corporations control finance is not sustainable for much longer, and a reckoning will occur sooner or later. That might not necessarily draw more people to Bitcoin, though.
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?
I think we cannot call it a bubble completely, we have seen it went sky high then it suddenly went crashing down, yes, it true, some people may call it a bubble, But for me, I can see that its price is still higher than its price years ago, that is why I cant call it a bubble just like some people are saying, although it hurts to see bitcoin crashing even more.
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.
If this happens, I think there are a lot of people who are suffering because now I see a lot of people investing all their money in the market. And now the money invested in this market is huge. It has given me a lot of profits before, but I'm worried too.
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