is it a bubble? - page 5. | Bitcointalksearch.org

Elsie123

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Quote from: stevano on January 20, 2018, 07:00:29 PM

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

Bubble is the rapid increase and dicrease of bitcoin price, bubble is normally a specified action used on bitcoin business, it is only used by the bitcoin authorities for the balancing system of different transactions on bitcoIn.

Rafar8

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Quote from: stevano on January 20, 2018, 07:00:29 PM

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

Albert Einstein said: "There are two infinite things in the world-the universe and human stupidity. Although at the expense of the first, I'm not sure. "

The history of mankind knows a lot of bubbles - when the value of something reached the cosmic heights only thanks to the agiotage demand, and not the fundamental factors.

The most famous ones are tulipomania, shares of the company of the South Seas (on which Isaak Newton lost money), from the latter - a dot-com bubble.

The picture below shows the rise and fall of the most famous market bubbles. Now bitcoin is on the second place after tulipomania, if counted from 2014 on. And if you take an earlier period, then bitcoin is much higher.

richmcrich

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Quote from: Ranly123 on January 28, 2018, 07:33:41 AM

Quote from: stevano on January 20, 2018, 07:00:29 PM

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

The term bubble is just another word for the volatility of bitcoin. It surge up and it might blow away like a bubble the would disapear in an instant. But i believe that it is not the case for bitcoin, since it is the most reliable cryptocurrency as of today. Hopefully not a bubble because if so, many would break their emotions on it.

There are number of people who are doing nothing else but are spreading negativity in the minds of other people. They are only doing all this and are saying such kind of statements because they themselves are unable to make out anything from bitcoin and that’s why they are getting jealous of those who are wearing a huge money from bitcoin. In reality, bitcoin is really a good way of making money and it is making our lives far better.

Hell-raiser

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Quote from: Rulelies on January 28, 2018, 08:45:57 AM

Bitcoin is not a Ponzi scheme. Ponzi schemes use referral system. You bring someone to get your money back. It's a pyramid. The people at the base of the pyramid pay the ones on top. Bitcoin does not ask you to refer people. They don't ask you for any money either. They fdon't promise to pay you anything.

Indeed, there's no explicitly set referral system in place, but given that Bitcoin nowadays is mostly speculation, it works exactly this way. You buy with the intention of selling higher following the famous "buy low, sell high" trading wisdom, but you can sell higher only if someone else buys at a higher price (with absolutely the same intention). So it is the same concept even if Bitcoin doesn't ask you to refer people. People are effectively referred to you when they buy bitcoins from you.

ladydark

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Bubble is a fast increase in price of an asset or a stock making it over valued than its actual value. Bitcoin has been termed as a bubble for more than one year and no asset or stock which is in a bubble could remain in higher price for such a longer period. Bitcoin is not a bubble.

Rulelies

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Bitcoin is not a Ponzi scheme. Ponzi schemes use referral system. You bring someone to get your money back. It's a pyramid. The people at the base of the pyramid pay the ones on top. Bitcoin does not ask you to refer people. They don't ask you for any money either. They fdon't promise to pay you anything.

Choii

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Quote from: stevano on January 20, 2018, 07:00:29 PM

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

Actually, when i was a begginer especially here in our forum i don't understand also what is "BUBBLE" means when it comes to market especially in cryptocurreny. And i curious what exactly means for that words "bubble" so i do some research and base on my research Bubble means by moving the market like " volatile " in the other words, but in bubble your investment have posible to disapear in an instant without knowing it..

Is it a bubble,? Well for my own opinion bitcoin is not a bubble because everyone know the value will increase again and also in the future..

Nisharawal

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I am no stable coin. to the mooonn.. and back

Quote from: stevano on January 20, 2018, 07:00:29 PM

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

Bubble mean it is the speculation activity which is produced by the number of professional trader where they control the speculation by buying the trading products so that the price of trading products surged to great height and afterwards suddenly they make panic selling and by this way they profit from the trade move except those who bought in the panic selling. I have been part of many bubbles in the stocks and forex market and now experiencing Bubble in cryptomarket also and this experience is good and i think its a must for every trader so that they come to know what is bubble and they prepare themselves for this bubble.

Well even I believe today that bitcoin is not a bubble and it will be proven soon in coming months.

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Quote from: stevano on January 20, 2018, 07:00:29 PM

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

The term bubble is just another word for the volatility of bitcoin. It surge up and it might blow away like a bubble the would disapear in an instant. But i believe that it is not the case for bitcoin, since it is the most reliable cryptocurrency as of today. Hopefully not a bubble because if so, many would break their emotions on it.

ralle14

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Quote from: fabianji on January 21, 2018, 03:11:05 PM

So yes it is a bubble but it will be quite some time before it will burst...

Nah it's not. If it was a bubble the price this high should continue to go down. The price should be down to $1000 or below to say bitcoin is a bubble but look at the price. There are good reasons why bitcon is so high right now and it will continue to go in that direction.

Quote from: Proton2233 on January 28, 2018, 06:42:55 AM

The man himself comes up with values. Jewelry are not vital. It becomes apparent in time of war or disasters. Surrounded during the war, people changed the expensive diamonds and gold on a piece of bread. In order not to die of hunger. So for me, bitcoin and gold are of equal value.

Bitcoin and gold are different in comparison they're not equal in value if we check their price now and before you can see the big difference.

mikeey89

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Quote from: stevano on January 20, 2018, 07:00:29 PM

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

The reason why they say it's a bubble is because they don't believe in the technology, or they want to scare people from investing so the banks can keep the power they have.

Proton2233

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The man himself comes up with values. Jewelry are not vital. It becomes apparent in time of war or disasters. Surrounded during the war, people changed the expensive diamonds and gold on a piece of bread. In order not to die of hunger. So for me, bitcoin and gold are of equal value.

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Quote from: jaysabi on January 27, 2018, 01:02:54 PM

Quote from: dinofelis on January 27, 2018, 03:26:09 AM

Quote from: fabianji on January 21, 2018, 12:55:44 PM

Citing a well-worn comparison to the so-called “tulip bubble,” Shiller said that bitcoin has no value outside of the “common consensus that it has value,” which makes it different from gold and other commodities.

This is a funny comparison, as gold is one of the rare assets that also only have value because of the common consensus that it has value. Gold is economically essentially almost useless. It is only valued, because of the common consensus that it has value.

As to the OP: yes, of course it is a bubble, and yes of course it burst. Like in 2011, and in 2013. And like the stock market in 1929. And like the housing prices in 2007. And like the dot-com bubble in the 90-ies. Of course. It is made to bubble. That's what speculative finance is all about.

Gold has inherent value in that it is used in industrial, medical, and other fields. Absent people's consensus that it is a store of value, it still has practical use which gives it a baseline value, which is not the case for Bitcoin. Bitcoin is purely speculative and has zero inherent value. Gold also has thousands of years of history as a valuable asset, so it is no longer the case that everyone just decides it has value. For centuries before you've been alive, gold has had value. Gold isn't speculative like bitcoin is in that you can be reasonably sure that gold will continue to have value in the future. The same is not true for an asset like bitcoin that has been around for only 10ish years.

I support this stance since this is what I mostly say myself

Though I have to add a small but important commentary here. Gold's inherent value mostly consists in its direct use as jewelry. I certainly understand that defending your position (and mine, for the record, since I share it with you here) by emphasizing the use of gold in industrial and medical fields is a lot easier but it is not required since you can't argue with the numbers. And the numbers are that the jewelry industry is responsible for over 50% of the global demand for gold, over 35% of gold is used for investment purposes (central bank gold reserves as well as the IMF stash and private investments), and only around 8% is used in electronics, with other fields sharing the leftover. On the other hand, Bitcoin has inherent value too, which is called transactional utility, but today, with its extortionate fees and infinitely long confirmations, it is minuscule and utterly irrelevant

MCVXYZ

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Quote from: stevano on January 20, 2018, 07:00:29 PM

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

today's price shows that people trust bitcoin,We know that there is no economical system behind the bitcoin,this price is just an index of trust and this trust was created by proper use of revolutionary technologies.It is a revolutionary idea of blockchain technology,its just an artificial intelligence and how it could be bubble? Bitcoin is just an example of how we can create decentralized society,for example decentralized infrastructure,decentralized communications,social decentralized networks, where noone can control our converstations and censoring because there will be trust and not fear of something...

Ulan01

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bubble is a very high price increase as the term is often called the price is skyrocketing. indeed the word will be very confusing as I was ever confused with the term bubbles but after my friend explained now I can already know the meaning of the bubbles are often said by some people who are here. besides that there are still a lot of terms about the terms associated with crypto but I will continue to learn it and I will also still ask some things that I myself do not know that is with caraberkonsultasi to my friends who understand more.

Similificator

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Quote from: stevano on January 20, 2018, 07:00:29 PM

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

well, the way i see it, bubble pretty much means a bubble. literally. and i am not joking. remember when you were young and you were playing with that toy that makes bubbles or when you are the one producing the bubbles with the use of some toy that you blow on? now, as what you have observed, when you blow on your toy too hard and the bubble gets bigger and bigger, it will eventually pop if you do not stop blowing on it. just like here in the crypto world, people often use the word "bubble" or the phrase "bubble is going to pop" on cryptos that are getting pumped so fast or increasing too fast(bubble). now the word "pop" signifies the time when people are already dumping and the coin's value is decreasing drastically because of the people taking profits together with all the panic sellers wanting to break even or cut losses.

hope this clears things up for ya, good day op.

jaysabi

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Quote from: dinofelis on January 27, 2018, 03:26:09 AM

Quote from: fabianji on January 21, 2018, 12:55:44 PM

Citing a well-worn comparison to the so-called “tulip bubble,” Shiller said that bitcoin has no value outside of the “common consensus that it has value,” which makes it different from gold and other commodities.

This is a funny comparison, as gold is one of the rare assets that also only have value because of the common consensus that it has value. Gold is economically essentially almost useless. It is only valued, because of the common consensus that it has value.

As to the OP: yes, of course it is a bubble, and yes of course it burst. Like in 2011, and in 2013. And like the stock market in 1929. And like the housing prices in 2007. And like the dot-com bubble in the 90-ies. Of course. It is made to bubble. That's what speculative finance is all about.

Gold has inherent value in that it is used in industrial, medical, and other fields. Absent people's consensus that it is a store of value, it still has practical use which gives it a baseline value, which is not the case for Bitcoin. Bitcoin is purely speculative and has zero inherent value. Gold also has thousands of years of history as a valuable asset, so it is no longer the case that everyone just decides it has value. For centuries before you've been alive, gold has had value. Gold isn't speculative like bitcoin is in that you can be reasonably sure that gold will continue to have value in the future. The same is not true for an asset like bitcoin that has been around for only 10ish years.

jacksonmark30

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Quote from: dinofelis on January 27, 2018, 03:26:09 AM

Quote from: fabianji on January 21, 2018, 12:55:44 PM

Citing a well-worn comparison to the so-called “tulip bubble,” Shiller said that bitcoin has no value outside of the “common consensus that it has value,” which makes it different from gold and other commodities.

This is a funny comparison, as gold is one of the rare assets that also only have value because of the common consensus that it has value. Gold is economically essentially almost useless. It is only valued, because of the common consensus that it has value.

As to the OP: yes, of course it is a bubble, and yes of course it burst. Like in 2011, and in 2013. And like the stock market in 1929. And like the housing prices in 2007. And like the dot-com bubble in the 90-ies. Of course. It is made to bubble. That's what speculative finance is all about.

Very well said...People speculate and drive prices up. Then fear sets in since it wasn't as good as promised and they start panic selling. Its true value comes out once the panic is over.

dinofelis

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Quote from: fabianji on January 21, 2018, 12:55:44 PM

Citing a well-worn comparison to the so-called “tulip bubble,” Shiller said that bitcoin has no value outside of the “common consensus that it has value,” which makes it different from gold and other commodities.

This is a funny comparison, as gold is one of the rare assets that also only have value because of the common consensus that it has value. Gold is economically essentially almost useless. It is only valued, because of the common consensus that it has value.

As to the OP: yes, of course it is a bubble, and yes of course it burst. Like in 2011, and in 2013. And like the stock market in 1929. And like the housing prices in 2007. And like the dot-com bubble in the 90-ies. Of course. It is made to bubble. That's what speculative finance is all about.

justspare

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Quote from: FairWin.Tech on January 24, 2018, 06:57:31 AM

Maybe the unwelcome attention that some governments pay to it shows that Bitcoin is the real thing, not a bubble.

Bubble is when something is being sold at a price rate it’s not worth, to make it simple, let me just say it means speculation. But to be sincere, I don’t really see Bitcoin as a bubble or anything, but if the experts that are into this says so, then I can’t argue with them that it is not. Though recently they have reduced the price rate, and one thing you should know is that you can hardly please people, no matter what.

Now that the price is down, people are still complaining that it is low, and when it goes up again, they will call it a bubble. Sh*t!

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