Topic: Is Bitcoin now the biggest bubble of all time? - page 6. (Read 2993 times)
the price which has gone until 17-20k was obviously a bubble and it bursted, this was known by many traders. besides it if we think long term the governments consider on regulating the btc and crypto which makes it not a bubble if done so.
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.
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.
it seems you are wrong to say bitcoin as a bubble because it means bubbles after rupture will not be able to recover again while bitcoin can still do the price recovery so bitcoin can be said as a wave, and yes the waves that occur when the end of 2017 is very high.
That is so true, people just don't know what bubble means, after downs like we had so many times bitcoin showed that it could go up again and people are still saying that is is a bubble... it seems you are wrong to say bitcoin as a bubble because it means bubbles after rupture will not be able to recover again while bitcoin can still do the price recovery so bitcoin can be said as a wave, and yes the waves that occur when the end of 2017 is very high.
That is so true, people just don't know what bubble means, after downs like we had so many times bitcoin showed that it could go up again and people are still saying that is is a bubble... 1) That's not what bubble means. A bubble is something that drastically changes in value without substantiation or a particular reason, especially because of hype. This can happen when the bubble is inflating as easily as when it is popping.
2) Eventual price recovery doesn't mean it wasn't a bubble. Housing prices in the US have largely recovered from the housing crisis, but housing in 2008 was undoubtedly a bubble.
3) Bitcoin hasn't come close to recovering what it lost anyway, so your example is wrong in this particular case. Bitcoin was a bubble last December and the fact that it hasn't recovered the still 50% of value it lost, it only further illustrates how much of a bubble it was and by your own logic.
Others say that bitcoin is the biggest bubble of all time especially the haters of bitcoin ,but years has passed now and bitcoin is there standing very still , gaining more praise to the investors and customers that really experienced the goodness of bitcoin in the cryptoworld
it seems you are wrong to say bitcoin as a bubble because it means bubbles after rupture will not be able to recover again while bitcoin can still do the price recovery so bitcoin can be said as a wave, and yes the waves that occur when the end of 2017 is very high.
That is so true, people just don't know what bubble means, after downs like we had so many times bitcoin showed that it could go up again and people are still saying that is is a bubble...
Well i hope it is not because i am starting to like bitcoin in a means of another source for income. As this is the positive way that i could be able to earn on while working so hard in my current job. I know that this will help me to provide means for the family and it will be one of a good source of income also. So for me bitcoin is not a bubble it is just that people for now are still holding their money to invest.
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.
do you even understang what are you talking about ?
you said Bitcoin is a biggest bubble of all the time because its price or value is unpredictable and it can fly to the moon.
but at the same time you were saying about the biggest and strongest coin of all the time ?
bubble mean something that does not have a good foundation behind them.
which mean it's a weakest asset that can be manipulated totally by people,
people can push it to the sky and at the same time people can push it to the ground until it lose its value.
it's very clear at this moment Bitcoin is not part of the bubble and it has not yet to reach that point.
the reason behind this ridiculous pump due to demand that keep increasing from time to time,
the whales took that as a chance to maximize their profit.
no more than that.
I dont understand what she want to explain in bubble and it make me going crazy☺
Bitcoin is not part of the bubble because it still kicking and rising again how it become bubble if there is a big change in price value?
I do not think that Bitcoin will stay right all his life. Most likely he will stay here for another 10 years and then he will go away sadly from our market forever. It's all because of the fact that his price is constantly smiling. It's something that grows to the so-called bull markets when an incredible price for it people are just delighted with some of the natural sadness who previously sold but nevertheless this is an incomprehensible phenomenon and then it falls sharply down and because of this kolyban a constant tingling people will not often buy Bitcoin in 10 years Generally it will stop buying It
Bitcoin is never a bubble it is mainstream media it termed as bubble all the time but in reality bitcoin is having organic growth and growing phase by phase
it seems you are wrong to say bitcoin as a bubble because it means bubbles after rupture will not be able to recover again while bitcoin can still do the price recovery so bitcoin can be said as a wave, and yes the waves that occur when the end of 2017 is very high.
That is so true, people just don't know what bubble means, after downs like we had so many times bitcoin showed that it could go up again and people are still saying that is is a bubble...
BTC this being accepted in many places and with the time more people go accepted think he goes is stable with the time
I think the thing that makes bitcoin very interesting is the user who is not easy to guess, especially when more and more negative news so that makes many users panic and choose to sell despite the price loss.
People usually compare Bitcoin with Tulip bulb mania. But BTC has utility and investment option which Tulip bulb didn't have. BTC is being accepted by many companies as a currency. Does fiat have any intrinsic value? The answer is no. Fiat has only Government trust backing. If we don't consider it a bubble, the why consider BTC a bubble when it actually helping in cutting so much in remittance fees and providing instant transactions of a large amount of money.
Maybe yes maybe not. But you shoul aware about this. Bitcoin and crypto market is one of the best chances for everybody to make good profit with small investments.
Yes it is, because the price last december is also the highest price that bitcoins reached in the history since no one ever expected that cryptocurrency will reach $19k dollar in the market.
I don't think that is the truth because it essentially feels like it the bubble occurs when a thing doesn't correct its price and continue to go down the road with an increasing price value which is unrealistic however when it comes to bitcoin, it corrects it price automatically if the price becomes too unrealistic
Impossible to know for certain. But here’s the contrarian view:
If there is just a 1% chance that cryptocurrency is “the future of money,” then the entire sector is currently undervalued.
The global money supply currently stands at $90 T, so 1% is $900 B. The total market value of all cryptocurrencies is just under $270 B.
And, I personally believe there is a greater than 1% chance that crypto is the future of money. My gut tells me it’s closer to 20–30%.
If there is just a 1% chance that cryptocurrency is “the future of money,” then the entire sector is currently undervalued.
The global money supply currently stands at $90 T, so 1% is $900 B. The total market value of all cryptocurrencies is just under $270 B.
And, I personally believe there is a greater than 1% chance that crypto is the future of money. My gut tells me it’s closer to 20–30%.
You can also understand that there is a bubble in the bitcoin market. Indeed, many people think that the valuation of bitcoin is too high. I think the current encryption is very similar to the Internet boom of decades ago, when the Internet was also considered a huge bubble, and I believe the encryption community will emerge in the future a lot of valuable companies.
While I agree that the market of cryptocurrencies can form bubbles that does not necessarily mean that everything is a big bubble and that nothing has value, there are many cryptocurrencies that are going to be essential in the way we understand the future of the world and that are going to be used by everyone and when you take that into account the market cap is very low right now.I agree, the market cap is so low. Just compare it with the Gold Market that is 7 trillion. I mean, who still is using Gold as a store of value or for transactions? Virtually nobody.
The big bubble is forming but outside the Crypto Market.
Do also some research on the Great Depression and you will find striking similiarities to where we are now. Artificially low interest rates for years, inflated stock market and a recently started trade war.
As I said before. Bitcoin is not the bubble, it is the pin.
It's correct. The market will not be stable forever, it will fluctuate up or down. When the impact of the surrounding markets, affecting the market. For example, the end of the year near the end of the year, the volume of trading was very large. As each nation's need for Tet is the same. Directly affect the market. So bitcoin depends entirely on the market is a natural thing. I think so.
Bitcoin is the foundation and first mover in cryptocurrency introducing the most useful yet sophisticated technology what we call blockchain , it has of course the potential to change the way hoe we think about finance. In these scenario we cannot say it's just only a bubble.
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