Topic: Is Bitcoin the Biggest Bubble in Human History? - page 16. (Read 4055 times)
It is interesting to know, how do you know so much about Bitcoin, its history, development, if you think it's a bubble? It's illogical, right? Or have you lost faith and want someone to convince you of the seriousness of Bitcoin?
I think that bitcoin is the greatest bubble phenomenon in history since I was born, since the 1990s. If I say that bitcoin is the biggest bubble in human history then I do not know what happened before the 1990s. I used to hear the phenomenon of certain flower bubbles in my country. Many people look for these flowers at cheap prices to sell at high prices. The flower that became famous at the time was frangipani and the wave of love. The price of the interest increases from time to time. But, it did not last long, eventually the bubble burst and now the flowers have no meaningful value. I think that bitcoin like this phenomenon. It's just a bitcoin phenomenon already on a large scale. I'm afraid if this bitcoin bubble burst because I will lose the opportunity to get big profits.
All valuable things have bubbles, cash, gold and stocks are bubbles. This way, we can understand bitcoin very well.
There is indeed a bubble, and the current encryption market is speculative. This is the root of the bubble.
i'lld say i surmise that bitcoin is a rise in the mankind's history. I am thinking bitcoin as a cash and for the financial specialists it is an advantage and due to them its cost is expanding and diminishing and it occurs in any benefit when the dealers begin to exchange with that advantage so we have not to stress over the cost of bitcoin. It will go here and there and in the long haul it will go upward.
I agree that this is not the case, as it is a precise example of evolution and technology implementation. People work, earn and live on the market. Maybe it will be closed all the time, but it already has a lot of time. Worth thinking about such news.
It is not a bubble it is a currency that can be used to purchase products. THe USD is a bubble not bitcoin!
please come back in a few years if you see the price of bitcoin back up high, i will come back on this thread to tell you what you say is very wrong, bitcoin has value only it all takes time not so fast but sure will go to the moon where you can not have it
Bitcoin is the biggest bubble of history that you know about, so remember it is what you create, it will be profitable if the bubble grows bigger and bigger.
There are some people who are spreading FUD about bitcoin online, and I think some investors who does not have much knowledge about crypto-currencies just got worried after sawing those negative news and resulted in them selling away their bitcoins at a bad rate, that might be one of the reason that caused the values of bitcoin dropping.
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.
Yes, you are right on the part that bitcoin has no intrinsic value or it does not really have a based value. All of us here also experienced that, we do not really expect that bitcoin will grow like what it have accomplished these days. But I don't think it is a bubble. It is real and is use an asset or rather, a currency. Bitcoin will be growing and wouldn't end up dump and pump coin, it only need time to increase its price or value again. 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.
It appears so at the moment
Bitcoin bubble I dont think so.. This is great movement and I think it will be worth more. Someday it will be priceless.
Mainstream think it is and that is why the market is in a sorry state!
What investment commodities do not have bubbles, and the dollar is not a bubble? The house is not a bubble? The stock is not a bubble? It's ridiculous to think about bitcoin
No I do not think that bitcoin is a bubble in the human history. I am thinking bitcoin as a currency and for the investors it is an asset and because of them the price of it is increasing and decreasing and it happens in any asset when the traders start to trade with that asset so we have not to worry about the price of bitcoin. It will go up and down and in the long term it will go upward.
Bitcoin have proven to be the answer to most questions people have had about their finances, that's where the bedrock of the demand and and adoption emanates from. For anyone that knows the history of Bitcoin, calling it a bubble I guess would be the last thing he would ever have it call.
No I do not think that bitcoin is a bubble in the human history. I am thinking bitcoin as a currency and for the investors it is an asset and because of them the price of it is increasing and decreasing and it happens in any asset when the traders start to trade with that asset so we have not to worry about the price of bitcoin. It will go up and down and in the long term it will go upward.
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.
How can you say Bitcoin has no intrinsic value? this is just your opinion or is a deep analysis???
yes, maybe the movement price was a bubble. If we compare crypto markets to classic markets yes this huge price movement is a bubble tha burst almost every week!!! Remember that Bitcoin cannot fail... Bitcoin and blockchain cannot fail! it is extremely hard!!!
but if we don't take in consideration classic markets and then we just focus on the real value and utility of Bitcoin and other crypto markets we can actually say that it's not a bubble, demand and supply play the biggest role in these violent and immense price movements. This would happen in stock market too if regulations wouldn't exist! always due to demand and supply mechanisms!
The bubble analogy has a base in cryptocurrencies - as it can well apply to initial coin offerings in the future - but I think altcoins and BTC must be evaluated on their own soon
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