Topic: Is Bitcoin the Biggest Bubble in Human History? - page 9. (Read 4060 times)
Everyone has his or her own opinion on this issue. My point in this is that bitcoin is not a bubble as the technology behing this cryptocurrency is amazing and as such attracts attention from the global community. More adoption will certainly come the way of crytocurrency and if any one this its a bubble that will burst soon, i will say they will have to wait for all eternity. Bitcoin will live on.
There does be a Bitcoin bubble, but Bitcoin itself is not a bubble, I think. Being a bubble means having no value, Bitcoin isn't this type. Since the growing demand for Bitcoin last year to earn profit, Bitcoin was inflated. It was investors who inflated Bitcoin and made Bitcoin bubble. Despite that I beleive in Bitcoin value because I find that Bitcoin can do much to promote global economy such as stimulate cashless society.
The value you mentioned is created by the demand for it. Without demanding, a ton of gold will become worthless. As for bubble, yes, I agree that Bitcoin has shown some signals of bubble, but bubble doesn't have the same meaning with worthless. Have you ever heard "property bubbel or housing bubble"? Yes, right? So does property have no intrinsic value?
I do not believe that some fraudulent technology could achieve such a huge success. So I think you're just another skeptic. I believe in this technology and therefore invest in it. It's simple.
Technology doesnt have to be fraudulent. Blockchain in perfectly viable technology, but not for money transfers. There are several reasons for that, but understanding it demands simultaneous knowledge in IT, math and crypto. Not too many people have it.
BTC is a huge scam mechanism.
What do you mean about "intrinsic value"? The value that every currency has is assigned by people. If we trust it and accept it as a medium of exchange, then it has value. The USD will have no intrinsic value if people's demand for it stop and no one use it. Accordingly, since people believe in Bitcoin and accept to exchange in Bitcoin, it does have value - the value assigned by users.
I do not think that. I think gold is the biggest bubble in human history. Gold is an international reserve. All countries, banks accept gold payment. For bitcoin, bitcoin is of great value but not yet accepted in many countries.
I do not believe that some fraudulent technology could achieve such a huge success. So I think you're just another skeptic. I believe in this technology and therefore invest in it. It's simple.
As a reason to call Bitcoin as a ''bubble'' is that no one is control it. Cryptocurrency isn't like other financial systems. The only thing control the price is the buy-sell. If we look at it as an investment, it is good that the price is variable. But if we use it as currency, the volatility isn't be good.
Even now it is clear that the bubble is not about bitkoin.Capitalizatsiya grows with the fact that its advantages are inhibited.The government and bankers will run.
So it turns out that Bitcoin is not that big of a Bubble. Sure there is a lot of speculation but as always Bitcoin comes back after a drop that wasn't even that big this year.
bitcoin may not be the biggest bubble in human history but bitcoin can be the latest breakthrough for humans, just look at the features and technology of blockchain providing convenience to all types of transactions and profits in bitcoin investment will change the level of human life itself. So maybe in the future bitcoin can be the biggest bubble in human history.
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.
If it's true Bitcoin doesn't have intrinsic value and it's worth nothing. for what people are struggling to buy and offer to own Bitcoin? because I realize how valuable Bitcoin is to date, making people struggle to get it. I think the value of thousands of dollars or more is very feasible for one Bitcoin because this is the greatest invention in the banking sector. 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 opinion bitcoin is the best thing that mankind invented for its existence, I'm not kidding he enriched a lot of people, people like him, he is a leader on cryptology
I am believe bitcoin is real investment. Real estate is a huge bubble. Bitcoin this will be the new currency of the world. 
I think gold is the biggest bubble in history. Gold is the national treasure. All countries in the world recognize gold as an international currency. Whereas bitcoin is not accepted by states.
I don't think that gold is a bubble, but agree with your opinion about bitcoin. I think soon it would be accepted.
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.
True Bitcoin seems like the biggest bubble in the history when you look from the outside because Bitcoin price dropped and that is why many say that but it is recovering perfectly so definitely it will reach to it's correct price in the future but it might take a while to happen that and the only thing it needs is more time so traders should be more patient in these days
The people who only think that bitcoin is a bubble are those that are late to the party, heavily invested in gold or they have their riches on the bank industry. Even some tech people that is not supporting or invested in btc sees a great potential in btc and they don't see it as a bubble.
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.
I dont believe bitcoin is a buble. I am believe bitcoin is mathematic thing and real investment. Up and down in market is very common and bitcoin have intrinsic value like gold
I think that new gold is the biggest bubble of humanity. Bitcoin is just virtual coins and it has not been accepted worldwide. But for gold, it is the whole world mortgage. Gold is the currency of international reserves.
No, definitely not! When it comes to this question my only answer is no. It is clearly seen how bitcoin has changed the life of many people. How can you even say that it is a bubble if it has given many people opportunities to earn? Why don't you just accept the fact that bitcoin is promising and indeed a very good system?
I think gold is the biggest bubble in history. Gold is the national treasure. All countries in the world recognize gold as an international currency. Whereas bitcoin is not accepted by states.
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