Topic: Is bitcoin really a bubble ? Analysis. (Read 1285 times)
I never believe when media or people said bitcoin is a buble. If bitcoin is a buble, bitcoin would not survive more than 3 years like tulip buble or other buble. Bitcoin is true store of value with decentralized system
I think bitcoin is really a bubble of electronic money. Bitcoin is of great value. Bitcoin prices can explode at any time. By 2017 bitcoin prices have risen sharply from $ 2000 to $ 2000. Many people become billionaires when bitcoin prices peak.
I don't believe the bitcoin is bubble since last year they always saying that bitcoin is bubble and it will die but until now they don't have any prof and until now bitcoin is still alive so don't believe those negative thinker and those who don't believe that you can earn in bitcoin. If we search regarding bitcoin specially to those businessman that using bitcoin was not saying this ia bubble.
Screw the media. Turn it off. All they are attempting to do is manipulate you. Bitcoin if anything is in a huge slump. How can you be in a bubble when your off your highs like this? Saying it's a bubble doesn't even make sense at this point.
Go to any chart and set it to view it all since 2010. You will see that Bitcoin is going up faster and faster every 2 years. It used to go up much slower in the beginning but now since 2017 it's in a crazy uptrend. It always has a 1 or 2 years of correction and then continues upwards. If an asset doesn't go below its 2 year low ever again it's in an uptrend. Bear and bull markets are nothing but temporary waves in this trend.
I never suggest to listen to a mass media, because they are totally controlled by the government (at least in my country) so they will never tell you the truth, only that opinion that is under their agenda.
You are very right. In our country, Media can't publish news against Government, they continuously spreading much false information. A few months ago, Bitcoin become illegal in our country, some of the newspaper published the useful side of the bitcoin, but after some days, they remove that news from online news website!
We all know bitcoin is not a bubble, it is just a volatile coin. It is volatile because bitcoin is not under any control.
Media go with the flow. If the market is exuberant, you see mostly good-news headlines. When the market is in dog days, all the pessimists come out of the woodwork and bad-news headlines prevail.
Some prime examples:
Right now, you hear a lot about Bitcoin “not solving any real issues.” The news is also dominated by scary stories about the government’s “power to make crypto disappear.”
The opposite was true when the market was flying high. All the talk was about how Bitcoin and other cryptos (altcoins) were destined to replace fiat money as the world’s reserve currency. And insane predictions of stratospheric Bitcoin prices prevailed.
The fact: News cycles are driven by price, not vice versa.
And i suppose bitcoin is not bubble. Bitcoin has been called bubble for long time, but it is actually not true. If it was a bubble, it would not back to bubbling again because peoples would afraid to buy bitcoin again. But now, bitcoin users and holders is not fewer. Peoples keep buy and sell bitcoin in the market.
Some prime examples:
Right now, you hear a lot about Bitcoin “not solving any real issues.” The news is also dominated by scary stories about the government’s “power to make crypto disappear.”
The opposite was true when the market was flying high. All the talk was about how Bitcoin and other cryptos (altcoins) were destined to replace fiat money as the world’s reserve currency. And insane predictions of stratospheric Bitcoin prices prevailed.
The fact: News cycles are driven by price, not vice versa.
And i suppose bitcoin is not bubble. Bitcoin has been called bubble for long time, but it is actually not true. If it was a bubble, it would not back to bubbling again because peoples would afraid to buy bitcoin again. But now, bitcoin users and holders is not fewer. Peoples keep buy and sell bitcoin in the market.
Those who call bitcoin bubble don't understand the analysis and the benefits that can be provided by bitcoin. And also they don't understand how bitcoin can change the payment system for the better.
I think btc Was at the stage of bubble when it was 15-20k. It was really overvaluded and on the wave of hype at that moment. For now network and community is much better prepared for the groth but it also must not be so fast and ungrounded
I don't think so that bitcoin is a bubble. Its volatile currency so fluctuations in its price is not a big deal for it. And bitcoin is not use only for investment, it is also use for many other things like money transfer. It also use for international money exchange medium. So only because of investment crisis of it you cannot consider bitcoin as a bubble. Many economist consider cryptocurrency is bubble for its volatility. But i don't think so many companies still invest in it and many people also use if foe various applications so this thing also keep its price up in future.
I agree with the above. If the bitcoin was a bubble, it would have already burst in 2017 when capitalization was maximal.
I don't think so that bitcoin is a bubble. Its volatile currency so fluctuations in its price is not a big deal for it. And bitcoin is not use only for investment, it is also use for many other things like money transfer. It also use for international money exchange medium. So only because of investment crisis of it you cannot consider bitcoin as a bubble. Many economist consider cryptocurrency is bubble for its volatility. But i don't think so many companies still invest in it and many people also use if foe various applications so this thing also keep its price up in future.
Excellent article with illustrative examples! Thank you! Yes, it really may seem that bitcoin is a soap bubble that will soon burst, but if we draw an analogy with the dollar and other currencies, we'll see a snapshot
snip image
Close enough.
This is probably the best way to show how bitcoin protects you from the inflation caused by printing too much currency, I'm sure that we are all experiencing that especially when we go to the store to buy stuff, every day I notice that something went up a little bit, in fact it has come to the point in which I have changed brands of products because during the last five years some products have doubled its price.Close enough.
In the other hand we see that bitcoin does the opposite whatever small amount of money that you invested back in the day now is a fortune and if you keep holding that fortune will only get bigger, so sometimes it is difficult to understand why people do not see this and do not adopt bitcoin immediately.
Those charts doesn't mean anything for me, bitcoin market is very sensitive toward both investor sentiment and market sentiments. Real news, FUD, and big investors are always makes bitcoin price move quickly. It's not a bubble those factors make it looks like that.
I really think that if the price of bitcoin might bubble once in a while that doesn't mean that the entire ecosystem is a bubble, bitcoin is very useful and it will show that usability when a crisis of confidence in fiat attacks us.
We will only find it in the coming decades.
We will only find it in the coming decades.
Bitcoin is not a bubble or ponzi scheme, lot of people put their faith on it and I don't agree with this analysis at all and this kind of analysis can be made anytime.
Close enough.
Bitcoin is relatively liquid, easier to liquidate, the more people are recognized and supported, the more liquid and popular, the more confirmed value. There are many mistakes made by many: It is said that the more people support them, the more people will increase, this will basically be true in the early stages until the BTC sees its real value, like gold. , the world is now recognized but prices can not rise. This is the next bubble created by global finance. On a global scale, the market capitalization of the new currency is 180 billion dollars, the highest trading volume is 9.8 billion dollars, is very modest and small. This small to see the ball never big to burst, it must be tight enough, large enough to happen. Some people say the Bitcoin market is too big to make a price, I think they have never seen Vol transactions in the market, the highest point is only a few hundred million dollars / 24h.
Bitcoin itself does have intrinsic values and we can't call an asset that has intrinsic values a bubble. But in fact, it's sad that investors, buyers who put money into Bitcoin, don't know well about Bitcoin and don't care what its values is and just want to make a profit when the price goes up. That's really troubling. When investors don't focus on the inherent benefits of what they are investing, it's really dangerous, and this situation is happening to Bitcoin and renders it a bubbles.
To be fair, it shouldn't be a bubble but people have made it become a bubble. Why? People who buy bitcoin are simply betting that the price will go up. They don't really care about the intrinsic values that Bitcoin can bring though Bitcoin does have that values. That made the price shoot up like a mad last year and this year dipped in the red with rare moments of rising.
The term 'bubble' is used for indicating speculations regarding a topic or issue. If we consider the recent speculations regarding Bitcoin market, it proved to be quite a big bubble sometimes. But, lets get back to reality, the share market and fiat currencies can also be considered as bubble according to the theory. So, what you believe should be prioritized upon, not what the media wants you to believe.
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