Largest bubble ever? Only the fourth so far!

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Quote from: NeverSop on January 07, 2018, 05:23:03 PM

Quote from: Zertoshi on December 19, 2017, 02:59:17 PM

Quote from: Rinsend on December 19, 2017, 09:47:53 AM

I further recommend to invest in bitcoin from now on
because I am sure that bitcoin prices will continue to rise,
as more and more enthusiasts from crypto currency.
the longer we wait we will be left behind by the more expensive price

So people should invest in bitcoin because you are sure prices will continue to rise?
If you look at Google trends (https://trends.google.com/trends/explore?date=today%203-m&q=bitcoin), the peak buzz seems behind.

At present, bitcoin is very stable and has little fluctuation in the past week. I think if you have tracked and are interested in the cypto market and especially bitcoin then you will no longer see bitcoin as the financial bubble. Because there can not be any form of financial bubble that can survive, grow strong and above all be supported by the community as much as bitcoin can last for nearly 10 years.

The range in the past has been between roughly 17,100 and 13,500. That's a range of 21 to 26% in only 7 days depending if you're measuring off the high or low. That's incredibly volatile by standard measures. In no sense should Bitcoin be considered "very stable." Bitcoin is still measured against real world metrics, you don't just throw those out because in comparison Bitcoin isn't as crazy as it was a little bit ago. This bubble has warped everyone's perception of what is normal and what is "stable."

melamiras

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Quote from: Zertoshi on December 16, 2017, 12:03:39 AM

1 Bitcoin 2011
2 Bitcoin end 2013
3 Bitcoin early 2013
4 Bitcoin 2017 (ongoing...)
5 Tulip-mania 1637

Charts here : http://gautiersblog.blogspot.ch/2017/12/larget-bubble-in-history.html

What about the numbers for the stock market before the great depression? How was the bubble measured?

Vatimins

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Quote from: Zertoshi on December 16, 2017, 12:03:39 AM

1 Bitcoin 2011
2 Bitcoin end 2013
3 Bitcoin early 2013
4 Bitcoin 2017 (ongoing...)
5 Tulip-mania 1637

Charts here : http://gautiersblog.blogspot.ch/2017/12/larget-bubble-in-history.html

Lol. Clearly, the things you said and the proofs you showed doesn't proove anything. It isn't something that can be accepted by us to make us see Bitcoin as a bubble. Because you see, giving this reasons and proofs are vained efforts when bitcoin always goes back and breaks record by record everytime. A better word to use if you only made a mistake is correction.

Just sayin'..

NeverSop

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Quote from: Zertoshi on December 19, 2017, 02:59:17 PM

Quote from: Rinsend on December 19, 2017, 09:47:53 AM

I further recommend to invest in bitcoin from now on
because I am sure that bitcoin prices will continue to rise,
as more and more enthusiasts from crypto currency.
the longer we wait we will be left behind by the more expensive price

So people should invest in bitcoin because you are sure prices will continue to rise?
If you look at Google trends (https://trends.google.com/trends/explore?date=today%203-m&q=bitcoin), the peak buzz seems behind.

At present, bitcoin is very stable and has little fluctuation in the past week. I think if you have tracked and are interested in the cypto market and especially bitcoin then you will no longer see bitcoin as the financial bubble. Because there can not be any form of financial bubble that can survive, grow strong and above all be supported by the community as much as bitcoin can last for nearly 10 years.

scorilo

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I think BTC still has a long way to go. so there will be more bubbles to come

jaysabi

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Quote from: CoolSkeleton on December 24, 2017, 01:58:54 PM

If it's a buble i just hope i can sold it in time to not lose money, but i think once we will need 1 currency for all world, so why not btc

The first part of your statement is classic bubble mentality. As for why not btc for 1 world currency, the simple answer is because bitcoin doesn't have the capacity to handle the very small fraction of transactions it currently has, let alone being scaled up to handle transactions on a worldwide level. Transaction fees make bitcoin a terrible way to transmit value, and the volatility makes it a terrible store of value. These two things make it essentially worthless, but speculation and irrationality explains the price we have. That's not something I would feel confident about investing in, let alone long term.

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Shouldn't the first 4 bubbles be included in just a single one? Technically because the deflation of the bubble =/ popping of the bubble, and we've witnessed that it inflated again (if it is indeed one) in 2017. Tbh speculative bubbles are everywhere even in heavily regulated commodities/stocks so I don't know why the hate and prejudice on bitcoin. People see value in it and people agree that a single bitcoin costs X, so why all these nonsense?

Quote from: maimainguyen05 on December 24, 2017, 01:48:39 PM

LOL. I don't know why there are still some people think that Bitcoin is a bubble

). It's just a small dump and it's a trap of the whales, it'll not a bubble if you don't fall into this trap

. Just need to wait and everything will be fine after the whales get what they need and Bitcoin price will be more than 19k$ again

.

And shouldn't the be a description of a bubble? Roll Eyes

You can't possibly rule that out since the way bitcoin rises and falls resembles that of the known bubbles. After all we're just mere speculators in the crypto world, aren't we?

jaysabi

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Quote from: rickadone on December 24, 2017, 12:41:21 PM

Quote from: jaysabi on December 20, 2017, 04:00:44 PM

There are two bubbles, and don't confuse them. Crypto as a whole is definitely in a bubble as everyone has lost their minds over blockchain and anything crypto-related (see all the public companies invoking blockchain without real business plans and their stocks explode anyway). Bitcoin itself is a bubble within the world of crypto. The Bitcoin bubble can pop without the over all crypto bubble popping, for example if everyone decides to "diversify" out of Bitcoin and into alts, the crypto bubble itself can still grow while the Bitcoin bubble pops.

The whole craziness actually started when people were just seeing bitcoin as their consolation to wealth rather than looking at the main thing that makes it what it is. The bubble just popped and it is crazy because no one knows how long this shit is going down now and it is even affecting the whole market.

People have not gotten scared yet, we will see how much those who think they have gotten quick access to wealth will start shivering now. We really need that sanity back.

Falling from 19,000 to 12,000 doesn't suggest to me the bubble has popped, especially if it recovers somewhat right after. This looks like a correction with a dead cat bounce. I don't know if there is a technical definition of a bubble popping, but to me I would say that a bubble popping would need to be at least a 75% drop in price, with a long term establishment of the price at the new drastically lower level. After the correction, the bubble looks less inflated, but by no means does it appear to be popped.

CoolSkeleton

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If it's a buble i just hope i can sold it in time to not lose money, but i think once we will need 1 currency for all world, so why not btc

maimainguyen05

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LOL. I don't know why there are still some people think that Bitcoin is a bubble

). It's just a small dump and it's a trap of the whales, it'll not a bubble if you don't fall into this trap

. Just need to wait and everything will be fine after the whales get what they need and Bitcoin price will be more than 19k$ again

.

pitiflin

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Quote from: Hydrogen on December 16, 2017, 06:38:57 PM

If bitcoin really was a bubble, and people could predict this in advance. They could stand to make a lot of money by shorting bitcoin or by investing in bitcoin's competitors which would stand to benefit when the bitcoin bubble popped.

There are many who claim bitcoin is a bubble, but none of those people are willing to put money on their own prediction.

Maybe I'm old school but I miss past eras when people made a point of standing by the things they say, rather than feeling entitled to say random things that even they don't believe in.

This is one of the latest trends ,the olden days era has been eradicated and now a days,you say bull shit and you're trending on the internet. I only wish people had enough facts to prove them right/wrong before self accusing bitoin to be a bubble. The people who claim these to be bubbles are the ones who benefit the most,they degrade others to sell low and they buy at a unfairly cheaper price. Vicious cunts.

rickadone

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Quote from: jaysabi on December 20, 2017, 04:00:44 PM

There are two bubbles, and don't confuse them. Crypto as a whole is definitely in a bubble as everyone has lost their minds over blockchain and anything crypto-related (see all the public companies invoking blockchain without real business plans and their stocks explode anyway). Bitcoin itself is a bubble within the world of crypto. The Bitcoin bubble can pop without the over all crypto bubble popping, for example if everyone decides to "diversify" out of Bitcoin and into alts, the crypto bubble itself can still grow while the Bitcoin bubble pops.

The whole craziness actually started when people were just seeing bitcoin as their consolation to wealth rather than looking at the main thing that makes it what it is. The bubble just popped and it is crazy because no one knows how long this shit is going down now and it is even affecting the whole market.

People have not gotten scared yet, we will see how much those who think they have gotten quick access to wealth will start shivering now. We really need that sanity back.

cizatext

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It is either a bubble or not a bubble at all, why I said so is because you can not take temporary fall in price to mean a bubble. Why should you list the times bitcoin has gone down past to term it as a bubble that is very wrong. I bubble when it burst it is destroyed never to be good to use again. Any thing can be a bubble even the stock market can be a bubble and so is real estate and even gold, bitcoin has never bursted before and should not be term as a bubble ready to burst.

naidray

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Quote from: ?? on ??

There is nothing to do with bubble and bitcoin, you guys are really confused about bitcoin.

Honestly, I would have said the same thing some few months back but let's face reality, bitcoin itself is a good thing that has come to stay, but the recent spike in price was a bubble and I guess it just busted.

The huge increase in price shows that so many people were just busy trying to get in on the train thinking it is the last bus stop to riches and wealth without even considering what is really in it to gain as value asides getting rich and that is what makes it a bubble until those guys get shaken off.

jaysabi

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Quote from: ?? on ??

There is nothing to do with bubble and bitcoin, you guys are really confused about bitcoin.

Well, Bitcoin was $19,000 earlier this week, and is currently below $12,000 and still falling (along with just about every other crypto asset). While it's too early to call this a bubble popping (it could just be a correction, or it could be a temporary moment of sanity inside the overall mania surrounding crypto that will just see prices go right back up to bubble territory), the rationality seeping into the market at the moment certainly seems to indicate that calling Bitcoin and crypto as a whole a bubble to be more accurate than not. Time will tell.

KwizatzHaderach

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Bitcoin is really a bubble now and maybe onwards for 10 more years. The stock market is in a bubble too. Everyone is too bullish right now.
Too many people are joining just for speculating on the price without properly understanding the implications of the underlying blockchain technology.

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Quote from: Rinsend on December 19, 2017, 09:47:53 AM

Quote from: Zertoshi on December 19, 2017, 05:19:03 AM

Quote from: hacker1001101001 on December 19, 2017, 04:04:54 AM

Yes, even if bitcoin fall it has the capacity to recover itself from the downfall and come back to its original or a new record value. This is the best property of bitcoin and due to this more and more investors join this community of bitcoin. And as there is no guarantee for bitcoin value similarly there is no guarantee for this prediction also. So keep trustinng in Bitcoin it will suearly make you rich in some days.

So would you recommend newcomers to wait for a downfall + a few months/years before investing?

I further recommend to invest in bitcoin from now on
because I am sure that bitcoin prices will continue to rise,
as more and more enthusiasts from crypto currency.
the longer we wait we will be left behind by the more expensive price

There are two bubbles, and don't confuse them. Crypto as a whole is definitely in a bubble as everyone has lost their minds over blockchain and anything crypto-related (see all the public companies invoking blockchain without real business plans and their stocks explode anyway). Bitcoin itself is a bubble within the world of crypto. The Bitcoin bubble can pop without the over all crypto bubble popping, for example if everyone decides to "diversify" out of Bitcoin and into alts, the crypto bubble itself can still grow while the Bitcoin bubble pops.

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Quote from: Zertoshi on December 16, 2017, 12:03:39 AM

1 Bitcoin 2011
2 Bitcoin end 2013
3 Bitcoin early 2013
4 Bitcoin 2017 (ongoing...)
5 Tulip-mania 1637

Charts here : http://gautiersblog.blogspot.ch/2017/12/larget-bubble-in-history.html

Bitcoin is not a bubble, this cryptocurrency and the technology behind it is the enheratege from Mr. Satoshi, he is the proof that everything is possible as long as you believe in it and even if many sayed that bitcoin is a bubble, it already has some years

okala

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I believe that nature is perfect and it makes everything in such a way that you can not get a way with something that is not legitimate yours. I think if we can really see our future we could have been a millioniares in dollars by now but we have to live with this reality that we can't see the future. I know about bitcoin when bitcoin was less than $10 and by then I was having good money with me but I decided to put those money in ponzi scheme that resulted in heavy loses for me but if I could see bitcoin futures I could have become a millionaire by now by just buying few bitcoin then.

ajmapalo22

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We cannot blame people if they consider the success of bitcoin as a bubble because what's happening is really something unusual and unexpected. The demand in bitcoin grow very fast that this years made a lot of price correction so that supply of bitcoin will be enough to cover up the increasing demand and because of this a huge pump takes place. The coming years will surely continue this legacy and as much as people want to think bitcoin is a bubble I'm sure investors thinks defferently about it.

Topic: Largest bubble ever? Only the fourth so far! (Read 560 times)