Is Bitcoin the Biggest Bubble in Human History? - page 7.

MinerFTW

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Activity: 462

Merit: 250

Quote from: mhsingh on March 11, 2018, 04:04:48 AM

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 do not think Bitcoin and, in general, all crypto currencies are a bubble. With every bigger drop in the market, everyone hopes this will be the end, but the BTC and other coins return stronger. I think this time it will be like that again. In my opinion, more and more people are starting to believe in BTC and more and more people are entering into the crypto world.

AristoteI

member

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Yes, maybe it's true that bitcoin is the biggest bubble in human history, but its difference from all the other bubbles is that it will never burst. It will grow more and more.

daicavung

member

Activity: 280

Merit: 10

The Protocol for the Audience Economy

Not a bubble, they are already present and growing quite well around the world, so we see the market today is never able to criticize these coins, so they have created an extremely large spider web

AlexandrInt

full member

Activity: 420

Merit: 101

Maybe so, but in the history it of course is captured, so as the coin itself is very good, and popular, her nastojashemu polzuyutsya and they like, and this is probably in the near future will not end.

maemunah

sr. member

Activity: 672

Merit: 250

for sure, but it takes a long time for bitcoin to soar very high in price. if the supply of bitcoin is getting smaller and the demand is increasing, the price of bitcoin can experience a huge increase in price, and that is certain

CrystalPham

newbie

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I do not think bitcoin is a bubble. But if it really was a bubble, this would be the biggest bubble in history with a huge market capitalization.

drm

legendary

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Quote from: ?? on ??

I think it is not because Bitcoin is still a small market, not really large, and with the development of supply and demand. The biggest ball of history has not yet appeared.

Yes bitcoin needs to grow more, it's still relatively small. So how can one speak of the biggest bubble?

Oleg345678

newbie

Activity: 168

Merit: 0

People often do not immediately adopt new technologies and want to let them into their lives. Governments have not yet figured out a way to take the tax for crypto currency, so while they say that Bitcoin is a bubble. Then they will say that it's good. Then people will accept and love the Bitcoins. Then there will be no talk about Bitcoin being a bubble.
Now do not listen to the government, you have to think with your head.

GeorgeWyll

newbie

Activity: 8

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I'm sure that you are mistaken, considering bitcoin a big bubble. In 2019, the bitcoin rate can overcome the mark of 20 thousand dollars. Perhaps those who say that bitcoin is a bubble simply do not have the money to buy bitcoin. How many people, so many opinions, but if you say that bitcoin is a bubble, you need at least to have it and feel what it is.

Theaticands

newbie

Activity: 29

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What intrinsic price has that piece of paper with a president's head/queens head and so on on have? in the end it is simply a bit of paper. think about why and what forex became invented for-it became invented to make bartering extra bendy, Bitcoin and so forth are just extensions of this; by means of using technology to deliver it up to date.

CLAID

newbie

Activity: 72

Merit: 0

Quote from: mhsingh on March 11, 2018, 04:04:48 AM

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 Bitcoins price got crashed but how can we say it is another bubble in the investing world because there are enough reasons to believe the future of Bitcoin will be fine and that is why I do investments but not large amounts because I don't have that kind of money but I have invested a useful amount to use in the future because we can see a slow price increase in Bitcoin but I see many won't do the same even investors who used to invest in Bitcoin because they are scared or there are other ICO projects they see profitable than investing in Bitcoin but the problem is there is nothing we know about them like we know about Bitcoin and what will happen to the investment

Naginiya

jr. member

Activity: 84

Merit: 1

Quote from: mhsingh on March 11, 2018, 04:04:48 AM

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.

This is the only period you have to convince your self and be proactive rather than active to gain much advantage while Bitcoin price is still low and Most experts guarantee that Bitcoins price will be much valuable in the future than today and it could give a great competition to most major fiat currencies and I do believe that because more tokens are bought by well experienced and potential investors and what other people do is sell there currencies for the current price due to lack of confidence so only few individuals will gain profits again during the Bitcoin journey

BennyK

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Merit: 14

When will it burst? Bitcoin is never a bubble. Bitcoin is created to enhance payment systems and cause a revolutionary turn in our world of finance. Although the paradigm is shifting more to its investment aspect, the idea still remains the same.

fairytale

jr. member

Activity: 209

Merit: 1

bitcoins and other cryptocurrencies are one of the innovations today.These technologies are just popped up i this modern time which targets people to have a more convienient life.More and more cryptocurrencies may create and innovate overtime thus making the people lives more convienient yet reliable.

Kira_lapa

jr. member

Activity: 126

Merit: 1

Bitcoin is not just a means of investment. People use it for the purpose for which it was created. Many people use it as a means of payment (pay for goods and services) or money transfer.

agor

newbie

Activity: 24

Merit: 0

Bitcoin is definitely not a bubble. At least it is not a bubble as we know them.

NevejElad

newbie

Activity: 126

Merit: 0

Bitcoin is not a bubble , in human history, if it were a bubble then right now the bitcoin and cryptocurrency are no more existing, but look at the digital world the cryptocurrency ia keep on expanding and adding more cryptos in the market ,that is why the bubble issue of bitcoin is strongly very wrong.

satria2

member

Activity: 297

Merit: 10

Quote from: marlo1001 on September 06, 2018, 03:18:47 PM

I have seen the MMM bubble in 10 years in the past so I'm not thinking that the Bitcoin would be something bigger than it was, as well as 20 years ago MMM is the biggest bubble ever.

So if you already know what will happen with Bitcoin in the future by looking at predictions in the past. Do you convince that?

josephpogi

full member

Activity: 434

Merit: 168

Quote from: mhsingh on March 11, 2018, 04:04:48 AM

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.

maybe? but people gets more money even the value of this is still dumping but it is also for all expert trader but if you are a newbie and you put a lot of money when the value of bitcoin is too high this is not good because anytime bitcoin can decrrease anytime.

fonengo

jr. member

Activity: 140

Merit: 1

Hi, everybody. Time will tell the bitcoin bubble or not. We'll see.

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