Topic: Is Bitcoin the Biggest Bubble in Human History? - page 12. (Read 4055 times)
The claim is that Bitcoin bubble stems from a misunderstanding of the technology. Most often such a view has people standing in opposition to bitcoins. They are afraid that bitcoin changes the traditional perception of finances and changes the rules that have long been in force in the financial world.
Rapid price increases are not always a bubble phenomenon. An artificial over-valuation that will lead to a drastic reduction in correction is a bubble phenomenon. The choice based on human behavior by hundreds of thousands of market participants is the cause of bitcoin price changes so the market is trying to find the price. so, I think, bitcoin is not a bubble.
Only time will tell if you are right or not. Based on what I have understood so far, it is not a bubble as it is used as a currency.
Why not
Bitcoin is not a bubble ofcourse it is depends on how much money people are throwing in it or how high is the market price. But it is always pumps and dumps, thats a good sign, because it shows its stability.
Bitcoin is not a biggest bubble in human history , this because as now bitcoin has continue to gather more investors to invest in bitcoin ,if it is really a bubble ,then it will not survive until this time , but it is very popular nowadays and continue to be known all over the world.
What you say is not convincing enough. As far as my personal thought bitcoin is not bubble because people will trade and exchange currency worldwide without having to go through the bank. This makes people believe and use bitcoin.
Bitcoin is not a biggest bubble in human history , this because as now bitcoin has continue to gather more investors to invest in bitcoin ,if it is really a bubble ,then it will not survive until this time , but it is very popular nowadays and continue to be known all over the world.
The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
Let’s see in 10-15 years what you will say about it. I am not of your opinion about it. And one more question if you think so, why are you here?
The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
In my own opinion, bitcoin is not bubble because bitcoin is real. Don't call bitcoin as bubble just because it has weakness. Many people are getting rich because of bitcoin so don't call bitcoin as bubble because it is not true.
From my perspective bitcoin is the biggest Bubble in Human History. Bitcoin has got lots of fans , but there targets are yet to be achieved. one thing here is,bitcoin is raising again...take advantage of it.
Just saw this post. There is no way this is a bubble. This is a new era. The governments are welcoming it (after playing hard to get in an act to fool you). This is the bottom floor. Get in now and hopefully free yourself from the system as much as possible.
The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
I think these people are morons who calls bitcoin a bubble that will burst soon or a Ponzi scheme or like a chit fund company and I think these people are those who has still not get the real potential of bitcoin and the number of people who believing in bitcoin and investing a lot of money in bitcoin and I personally feels that bitcoin is very sustainable crypto currency and it has proved its sustainability even by making its existence since 2008 , so I believe that bitcoin is a very trustworthy investment. Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
What I believe is that bitcoin is a sustainable crypto currency and it has that potential that it can make its existence for coming many decades and it has also proved that it is so sustainable that it was introduced in 2008 and since then it has made a tremendous progress so no doubt bitcoin is very much sustainable so I don’t consider the statement of these morons who consider bitcoin a bubble or a Ponzi scheme and I think the time is the best answer for them. Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
I dont know if it's exactly a bubble, the only thing I know is that you have to take advantage now that it's going to rise again and also take advantage of the technology it brings. It will stand for many years.
This is the perfect time to hold as much Bitcoin as you have to make a profit. It will be in everyone's try.
undoubtedly yes! he definitely left his mark in the history of cryptology
the btc market and the overall market cap is not a huge amount of cap compared to the other markets and even if its a bubble for sure it won`t be the biggest one in human history.
So as at this point in time some folks in this community still believe that bitcoin is a bubble. Bitcoin has been with us for about 9 years ago and still counting. Which bubble could last for such a long time like this or bitcoin is a strange bubble which does not burst. Well bottom line message is that just because the price of bitcoin went down for a while does not mean its dead.
I dont know if it's exactly a bubble, the only thing I know is that you have to take advantage now that it's going to rise again and also take advantage of the technology it brings. It will stand for many years.
It is partly true that it has no intrinsic value.
Until the system is regulated by the financial sector, it still remains a bubble.
The bubble is floating high, best to follow it up.
Until the system is regulated by the financial sector, it still remains a bubble.
The bubble is floating high, best to follow it up.
The feat by bitcoin to becoming the biggest bubble in human history has not been achieved yet due to the small proportion of people using it compared to the overall universal population, I believed with time btc will be a generally accepted virtual currency.
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