Is Bitcoin the Biggest Bubble in Human History? - page 8.

qwerty12

jr. member

Activity: 313

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.

Today, we always hear reports from big banks, government figures, and many more who are called financial experts. They keep saying that Bitcoin is a bubble. They say this with so much confidence.

And this time you are "packing" their statement with the phrase "Bitcoin is the Biggest Bubble in Human History" (it looks convincing, by the way)

Well, buddy, I want to tell you, in the digital age everything changes and we need to educate ourselves with the new rules of the game.

Bitcoin is not a bubble. Bitcoin represents freedom from fiat currencies. this is a new economic boom. Bitcoin is the front-runner for a new asset class. This is the beginning of a financial revolution.

And, yes, the price changes. He went up and down, skyrocketed and sank. But that continues to increase because people around the world begin to recognize Bitcoin, not as a bubble, but as a financial boom.

marlo1001

full member

Activity: 365

Merit: 101

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.

TGD

hero member

Activity: 1288

Merit: 620

Wen Rolex?

Quote from: MrRiuss on September 06, 2018, 02:13:23 PM

it is still to early to say that bitcoin is the biggest bubble in human history. need more and longer time to prove that. only times will tell

Well i may disagree on that it was the biggest bubble, cause you are right on that point you have to take it for a long time befire it may say that. So when this can be, it needs to proove for before judging for its telling as an bubble.

kolsernik

sr. member

Activity: 722

Merit: 258

The value of bitcoin and technology that is behind it has been given by many companies and large investors. The value is supported by the community itself.If it were not then we would not have seen with you such a capitalization that at the moment is.Bitcoin is 100% not a bubble and not a pyramid

MrRiuss

member

Activity: 317

Merit: 11

it is still to early to say that bitcoin is the biggest bubble in human history. need more and longer time to prove that. only times will tell

kemonojim

member

Activity: 218

Merit: 10

Bitcoin is not a bubble of course depending on how much money people throw into it or how high the market price is. But it's always a pump and dump.

BIOX

newbie

Activity: 72

Merit: 0

In my opinion it is not right to think that BTC is a bubble. Some people can be afraid of new technologies because of their unstable position but it is the great thing. Moreover we should appreciate crypto

Daniel91

legendary

Activity: 3374

Merit: 1824

No, bitcoin is not bubble.
Bitcoin is new, revolutionary project and great investment opportunity.
Don't judge bitcoin based on the current performance but based on idea and future potential.

Soneo

newbie

Activity: 103

Merit: 0

Quote from: 1van__ on July 24, 2018, 04:10:20 PM

undoubtedly yes! he definitely left his mark in the history of cryptology

I think bitcoin is not a bubble, too many people want to benefit from bitcoin, causing excessive bitcoin prices, but bitcoin in the future can become an international currency.

furkanatlia

newbie

Activity: 56

Merit: 0

these balloon discussions are becoming very boring now. If you think you are a balloon, you can not learn by asking.

teamspike911

newbie

Activity: 131

Merit: 0

Well again the same topic ... no, it's not. Or so ... only time will show ... why just guess, do not understand. There were many examples in the history of things that could turn out to be such

altercreed

full member

Activity: 434

Merit: 101

The bubble concept was coined after bitcoin has reached its highest market price last year at 20,000$ until it really falls down deep at 5,000$ in few occasions this year. It falls down more than 50% of its market price only but not totally gone as in a bubble pops. Soon, bitcoin is going to come back and rise again but these people will always remain to say that bitcoin is a bubble.

biletskiy

full member

Activity: 434

Merit: 100

Quote from: Teriyanone on September 05, 2018, 05:48:45 AM

According to my understanding Bitcoin isn't a bubble but Most people will disappoint if Bitcoin price decrease further and if that happens most investors will definitely abandon the crypto market forever because even now the losses are very high and many investors are not yet moved because the invested amount is still holding as Bitcoins with a very less price than they purchased thinking they will at least get the invested amount in the near future. But no one can say that Bitcoin will crash or this trend will continue for certain because we see both negative and positive sides so only the time will decides what will be the path that Bitcoin will select and no matter what that is there will be a significant effect in the crypto currency market and the community

Naturally, it is not a bubble. Most of the best top-100 cryptocurrencies are not the bubbles at all. They will not burst, and the investors will continue getting their profits.

sarungmen

newbie

Activity: 55

Merit: 0

the fact that the price fluctuations that often occur may be where the challenges lie which often cause panic to all its users. Bitcoin is a bubble that can erupt at once it may be true that many people benefit when investing in bitcoin but not a few people lose when the price down much lower than the purchase price

orayorayan2

newbie

Activity: 126

Merit: 0

is it true as you say? as a beginner in the world of cryptocurrency, of course I still doubt all the statements in this discussion forum. if butcoin is a bubble that can erupt at the same time why many people are willing to bet and use it even bitcoin is very popular among all people

arc67583

newbie

Activity: 266

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.

Even I thought Bitcoin as the same way because suddenly Bicoins price dropped in a higher rate that no one anticipated but later it was clear this situation was caused due to many negative effects it had to face from the world but the world understanding towards Bitoin is changing so we can see many industries and businesses are trying to connect Bitcoin with there core business processes and that can give a good place in the near future to increase it's price and expand more in the globe

tkaush

newbie

Activity: 121

Merit: 0

I don't think Bitcoin is a bubble or a scam and most business individuals says that because of the huge price drop in Bitcoin but that is due to Countries tried making restrictions against Bitcoin and that is why BItcoin crashed and some tried to ban and with the price fall many thought Bitcoin will disappeared but now it is recovering like it didn't even care what happened and soon it will gain it's previous price very easily without any problem and anyone can see evidence with the price because considering last several months it is getting stronger day by day

Bugatti73

member

Activity: 616

Merit: 10

Quote from: smt_red on September 04, 2018, 09:18:05 AM

I am believe bitcoin is real investment. Real estate is a huge bubble. Bitcoin this will be the new currency of the world. Shocked

I do not think so. The bitcoin is more created for the accumulation of money, for today with this it is not possible to pay anywhere.

Betty10

newbie

Activity: 126

Merit: 0

The people that hold the fact that bitcoin has no real value but just driven by scarcity and a bubble waiting to burst are better to leave bitcoin alone and go meet their government for some fiat deal. Truth is that if I don't have faith in something, I will just walk away. Time shall tell the definition of a bubble.

Teriyanone

newbie

Activity: 83

Merit: 0

According to my understanding Bitcoin isn't a bubble but Most people will disappoint if Bitcoin price decrease further and if that happens most investors will definitely abandon the crypto market forever because even now the losses are very high and many investors are not yet moved because the invested amount is still holding as Bitcoins with a very less price than they purchased thinking they will at least get the invested amount in the near future. But no one can say that Bitcoin will crash or this trend will continue for certain because we see both negative and positive sides so only the time will decides what will be the path that Bitcoin will select and no matter what that is there will be a significant effect in the crypto currency market and the community

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