Topic: Is bitcoin really a bubble ? Analysis. - page 3. (Read 1343 times)
Bitcoin is not a bubble and in the future it will never be a bubble,bitcoin is one of the strongest currency in terms of value,bitcoin has continue to grow and in future it will be grow more
I consider these charts highly misleading!
just because you reversed a chart and it showed drop of US dollar value it doesn't mean the other thing (in this case bitcoin) is not bubble. bitcoin is not a bubble because the current value is not higher than its intrinsic value, not only that but also it is lower than it which means it is underpriced!
otherwise you can draw the same chart for anything else, including shitcoins that are pumped, and then make the same false conclusion that they are not in bubbles either.
just because you reversed a chart and it showed drop of US dollar value it doesn't mean the other thing (in this case bitcoin) is not bubble. bitcoin is not a bubble because the current value is not higher than its intrinsic value, not only that but also it is lower than it which means it is underpriced!
otherwise you can draw the same chart for anything else, including shitcoins that are pumped, and then make the same false conclusion that they are not in bubbles either.
I agree that the intrinsic value is there as well but that can be relative. For instance when the price of bitcoin drops below a certain level some miners will turn their miners off and that will lower the difficult - causing lower mining costs.
The chart showing it is in its infancy stage in comparison to the dotcom boom shows it is only getting started ( and underpriced ).
Perhaps I should have said :"Is bitcoin really a bubble ready to pop ?"
Media is controlled by the government, and goverment don’t always tell the truth. So in this case I reckon it is more of a made up story just to confuse people.
this "media" you are talking about in case of bitcoin is mostly cryptocurrency news sites that only publish click bait articles so that they can earn more money as more people click on their "traps".
additionally they are usually pretty biased. for example when the owner of the site is shorting he will only publish negative news. and sometimes they can even be paid to publish anything you like for example the ICO advertisements, altcoin advertisements and show them as good.
Media is controlled by the government, and goverment don’t always tell the truth. So in this case I reckon it is more of a made up story just to confuse people.
While i look into your posted picture it seems like bitcoin is one of the strongest currency in terms of value.
Bitcoin is not a bubble because bitcoin is uncontrollable and unpredictable, If it was bubble than why would not bitcoin value wemt to one digit value since 4 years it seems it is growing and will grown in future.
Bitcoin is not a bubble because bitcoin is uncontrollable and unpredictable, If it was bubble than why would not bitcoin value wemt to one digit value since 4 years it seems it is growing and will grown in future.
This is true, if bitcoin really is just something that will bust why would it happened now where more and more people are using it. And also it is normal in the maket that there is an ups and downs going on in the price or the value of it. Bitcoin is a strong currency that is just starting and soon will satisfies everyone. We just need to wait.
I don't think bitcoin is a bubble, the problem with bitcoin is that many see it more of an asset than a digital currency. Thus most sell to earn fiat currency other than using it for business transaction.
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.
That's very true. The media is generally influenced much by the governments even though they are hypothetically supposed to be free and independent. They say what they're told what to say and they also fear to called by the government to answer certain questions and that influence them a lot. 
Is it a bubble ?
- https://www.bbc.co.uk/news/business-45262911
...
The Everything Bubble ...
The Internet of Money: Five Years Later
- https://youtu.be/6xIq0FdmsIA?t=3m56s
and
The proudhon song (bitcoin is a bubble)
- https://youtu.be/A7TuFy0fcuw
- https://www.bbc.co.uk/news/business-45262911
...
The Everything Bubble ...
The Internet of Money: Five Years Later
- https://youtu.be/6xIq0FdmsIA?t=3m56s
and
The proudhon song (bitcoin is a bubble)
- https://youtu.be/A7TuFy0fcuw
I consider these charts highly misleading!
just because you reversed a chart and it showed drop of US dollar value it doesn't mean the other thing (in this case bitcoin) is not bubble. bitcoin is not a bubble because the current value is not higher than its intrinsic value, not only that but also it is lower than it which means it is underpriced!
otherwise you can draw the same chart for anything else, including shitcoins that are pumped, and then make the same false conclusion that they are not in bubbles either.
just because you reversed a chart and it showed drop of US dollar value it doesn't mean the other thing (in this case bitcoin) is not bubble. bitcoin is not a bubble because the current value is not higher than its intrinsic value, not only that but also it is lower than it which means it is underpriced!
otherwise you can draw the same chart for anything else, including shitcoins that are pumped, and then make the same false conclusion that they are not in bubbles either.
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.
While i look into your posted picture it seems like bitcoin is one of the strongest currency in terms of value.
Bitcoin is not a bubble because bitcoin is uncontrollable and unpredictable, If it was bubble than why would not bitcoin value wemt to one digit value since 4 years it seems it is growing and will grown in future.
bitcoin is not like a buble that would disappear in an instant. I say, bitcoin has continued to make a name for itself. Being able to work and achieve something and having a name in the crypto currency world. Bitcoin is just experiencing a phase and will not easily be gone. Bitcoin is not a bubble because bitcoin is uncontrollable and unpredictable, If it was bubble than why would not bitcoin value wemt to one digit value since 4 years it seems it is growing and will grown in future.
While i look into your posted picture it seems like bitcoin is one of the strongest currency in terms of value.
Bitcoin is not a bubble because bitcoin is uncontrollable and unpredictable, If it was bubble than why would not bitcoin value wemt to one digit value since 4 years it seems it is growing and will grown in future.
Yes, but why then bitcoin after a sharp price spike in December last year for so long was in a state of correction and still keeps the entire crypto-currency market stagnant? What was wrong with him?Bitcoin is not a bubble because bitcoin is uncontrollable and unpredictable, If it was bubble than why would not bitcoin value wemt to one digit value since 4 years it seems it is growing and will grown in future.
We do not yet have practice what to call a bubble in the crypto currency, and what not. In particular, we can not yet say what behavior of the crypto currency is normal for it, and what goes beyond the limits of the norm.
bitcoin is not a bubble, and it has never been and in the future it will never be a bubble and the first picture posted in OP is 100% correct..... but.... bitcoin enters bubble phases. for instance we have already seen at least half a dozen huge bubbles in the past 9 years. that doesn't mean bitcoin is a bubble! it just means we temporarily went higher than what the price should have been and it needed to come down.
two of the bubbles that everyone knows about is the $20k @2017 and $10k @2013, but there is also $250 @2013, $16 @2012,...
and also another type of bubble that people miss and is never mentioned is inverse bubbles for example right now $6000 @2018 is one of the inverse bubbles. another example was $220 @2015
these are when price goes a lot lower than it should have.
two of the bubbles that everyone knows about is the $20k @2017 and $10k @2013, but there is also $250 @2013, $16 @2012,...
and also another type of bubble that people miss and is never mentioned is inverse bubbles for example right now $6000 @2018 is one of the inverse bubbles. another example was $220 @2015
these are when price goes a lot lower than it should have.
Though many experts and economist were saying that btc is a bubble since it had lost it's market value more than one half of the price since Dec. of 2017, I still don't care to believe in it since I think btc will recover back from it's dip. We already know that btc has not been recognized by the central bank and not even adopted by many governments globally however, btc had permitted people to by pass banks and traditional method of payments like paying the goods and services. Payment system of btc is much faster than any of the traditional banking system because of the blockchain technology and the newly developed lightning network to make more transactions even faster than before.
Right now I think bitcoin is the opposite of a bubble, it is very undervalued in terms of what it will bring to the global financial system. As it stands right now, the total marketcap of crypto is only 210 billion, that is extremely small in terms of global monetary supply. If bitcoin just manages to capture 10 percent of the monetary system the eventual marketcap will be in the trillions.
Those who call bitcoin a bubble don't care about such analysis and the advantages that bitcoin have. They don't know how bitcoin can change the payment systems.
There comes news relative to bitcoin terming it to be a bubble, an crash, bitcoin is towards death and so on. There is nothing to give consideration, if it is a bubble it could have busted. Till date every time something happens weird in the market automatically the recovery happens with time.
I do not think btc is a balloon. dollar and other currencies are actually numbers. the only differences are the versions printed on paper. that's all.
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.
While i look into your posted picture it seems like bitcoin is one of the strongest currency in terms of value.
Bitcoin is not a bubble because bitcoin is uncontrollable and unpredictable, If it was bubble than why would not bitcoin value wemt to one digit value since 4 years it seems it is growing and will grown in future.
Bitcoin is not a bubble because bitcoin is uncontrollable and unpredictable, If it was bubble than why would not bitcoin value wemt to one digit value since 4 years it seems it is growing and will grown in future.
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