Prove Bitcoin is not a bubble - page 3.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: freightjoe on December 27, 2017, 08:22:42 AM

The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.

A bubble is when the price of something is far higher than the fundamental value.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

Let me ask you one question,how do you rate bitcoin's fundamental value which has a limited number of coins .
Have you ever purchased a bitcoin,if you did you know how you can have the asset in your own hands without the help of a third person,if you own one you have the legal rights to do anything with it ,about the dividends,have you heard about forex trade,does that pay dividends ,which bond pays you more than the market valuation,no one is forcing anyone here,if you want to trade and accept the new form be a part of it,if not just watch how people are having fun with it.

ItalianBitcoin3r

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Quote from: Assface16678 on January 06, 2018, 11:52:54 AM

If you believe that bitcoin is just a bubble, the 7 years of time for you is just a short time ? You can say that its just a bubble because you cant believe to its price and you have doubts giving it a try and if it is a bubble then if it was just a $10k , someone could've take it and be a billionaire.

i completely agree...
bubble is for the ones who are here.. but too late :-)

Assface16678

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★Bitvest.io★ Play Plinko or Invest!

If you believe that bitcoin is just a bubble, the 7 years of time for you is just a short time ? You can say that its just a bubble because you cant believe to its price and you have doubts giving it a try and if it is a bubble then if it was just a $10k , someone could've take it and be a billionaire.

ItalianBitcoin3r

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i really don't understand why we continue to define it "bubble"
if it continues to rise since years, means there are a continuous demand for this asset.
and for that, it will continue to rise.
or not?

jeffer8035

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bitcoin is not a bubble, it is supply and demand, it can also be said that it is a public service, it also has utility, it is difficult to create it, it has work, it is anti government control, groups of power and anti hakers can not be created anymore.

coastbank

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Presale Starting May 1st

It is widely used and accepted by many many people all around the world right now at 2018.

ItalianBitcoin3r

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Quote from: stoque09 on January 05, 2018, 12:54:08 PM

To tell it's a bubble , it's necessary to know a reference price of BTC, based on that , you are able to say if is a bubble or not . i'm not telling that BTC isn't overvalued, but nobody knows the real price of BTC yet. So i guess that we can't say it's a bubble

dont forgeto this:
gold and diamond are precious... but if you want more you can mine and extract it.
not so, for bitcoin... there are just 21MLN.

stoque09

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To tell it's a bubble , it's necessary to know a reference price of BTC, based on that , you are able to say if is a bubble or not . i'm not telling that BTC isn't overvalued, but nobody knows the real price of BTC yet. So i guess that we can't say it's a bubble

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Because I say so. That’s all you need to know.

I have further proof. Because if bitcoin is a bubble it might crash all the way down to zero someday and I won’t become a bagillionare with my $2.98 investment. So it’s not a bubble.

armenwl

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If think deeply what fiat currency and even gold are bubble... can someone explain that thats not a bubble....
I think its just question of trust. Its problem each of us... somewone trust in god)) someone trust crypto.

The question is bitcoin bubble is not relevant in my opinion)

rajuahmed330

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Quote from: konfuci on December 27, 2017, 08:28:14 AM

Bitcoin price is not a bubble as it justifies its value and ready to change revolution in world's market Platform.

There is a saying that one who is better than himself is not good, people who are good to say good. Bitcoin is like that. Remember your words, say good.

lesya-ya

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Bitcoin is special.Its value is not increasing because of marketplace lies. It is increasing because it is a life-changing financial invention. It is increasing because more people are adopting it. The “network effect” is in full swing.

fulmetal08larz

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An unforeseen future of bitcoin does not mean it is a bubble. The amazing technology behind bitcoin and the potential for it to become the future of money is what makes most investors attracted to bitcoin, resulting for its price to grow exponentially. It is a revolutionary and different kind of investment unlike the traditional assets mentioned. Those who call it a bubble could only be fearing what they do not understand, and their reaction formation is to spread FUD and argue. It is better to have it and not need it than need it but don't have it.

Kprawn

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Is the US Dollar or any Fiat currency, tangible? It is tangible in many people's eyes because they TRUST that the

government will honour their promise. The same goes for any other central authority that manage tangible assets on behalf

of the owner. {That includes stock exchanges & other financial organisations} You are placing too much trust in centralized

authorities and they will fail you, like the Banks did in other countries.

ItalianBitcoin3r

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sorry but i think you are just hurted because you arrive too late...
;-)

Bob-Bit

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Quote from: Sachinist on January 05, 2018, 11:36:35 AM

Cryptos have ZERO fiat value. There's just no way to measure permissionless currencies backed by nothing in terms of central bank backed currencies.

Not only Bitcoin but the whole market is in a bubble. New technologies always give rise to this sort of speculative frenzy. The whole market will crash dramatically sooner or later but that doesn't mean the concept will die when the market crashes.

All worthless shitcoins will die for good. The only question is who will rise from the ashes?

I don't get it when people say they have ZERO value. How can you say that even? I have a Visa card linked to my Coinbase, and I could go to Amazon and buy basically anything I want with Bitcoin, so how can you say it has no value? It has whatever value the Coinbase index says. Now you could argue that tomorrow, or next week, or next year that it will have no value, but you can't say that it has ZERO value at the moment. If you can use it to buy something, it has value, weather you like it or not.

Sachinist

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Cryptos have ZERO fiat value. There's just no way to measure permissionless currencies backed by nothing in terms of central bank backed currencies.

Not only Bitcoin but the whole market is in a bubble. New technologies always give rise to this sort of speculative frenzy. The whole market will crash dramatically sooner or later but that doesn't mean the concept will die when the market crashes.

All worthless shitcoins will die for good. The only question is who will rise from the ashes?

Bob-Bit

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Its hard to prove a negative. What is the value of a peice of paper currency? What is the value of web domain? It's subjective to who want's it, and how bad. Regardless, if you saw that (for instance) www.shop.com was for sale for $5, you could be pretty sure that the value of it would be worth more then $5, and it could be resold for a profit, because someone wants it. Bitcoin is kinda the same. Someone wants it, therefore it has value. Something might look like a bubble, but that doesn't mean it actually is one. I wouldn't suggest riding my bike full speed into it, you just might find out the hard way that what you thought was a bubble much more closely resembles the Epcot center. Ouch!

Dapper

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This type of thread is about as useful as 'prove Elvis was not an alien' or 'prove that we are not living in some kind of Matrix.'

emmanborromeo67

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For me bitcoin is not a bubble because more investor is invest to bitcoin and bitcoin is a wellknown coin.

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