Topic: Prove Bitcoin is not a bubble - page 5. (Read 769 times)
You Don't Know It's A Bubble Until The Bubble Ends.
think about it this way: if you could own a share of the TCP/IP protocol would you do it ?? bitcoin and all other big blockchain technologies are just that; technologies you are buying the foundation and the land where MCdonalds or Apple will build a store on.
But with a Bitcoin you do not own a share at all. You own noting
You own right to use the BTC network only when you have BTC, that allows you to transfer values across the internet and probably beyond that in future, those banks that have swift address code have right to use swift system and do transmit data on that network to transfer values (currency), we do not have swift code thus we cannot use the network and have to pay banks exorbitant amount of money to transmit our data across the swift network using their address
What a load of bullshit. I hope for your sake that you do not actually believe what you just wrote?
think about it this way: if you could own a share of the TCP/IP protocol would you do it ?? bitcoin and all other big blockchain technologies are just that; technologies you are buying the foundation and the land where MCdonalds or Apple will build a store on.
But with a Bitcoin you do not own a share at all. You own noting
You own right to use the BTC network only when you have BTC, that allows you to transfer values across the internet and probably beyond that in future, those banks that have swift address code have right to use swift system and do transmit data on that network to transfer values (currency), we do not have swift code thus we cannot use the network and have to pay banks exorbitant amount of money to transmit our data across the swift network using their address
Bitcoin bubble or not should not make any argument between non-believers and believers. Considering bitcoin bubble prophecy would really brought into reality then we must just be all asking when exactly it will happen because that's what is more important I guessed in both party.
think about it this way: if you could own a share of the TCP/IP protocol would you do it ?? bitcoin and all other big blockchain technologies are just that; technologies you are buying the foundation and the land where MCdonalds or Apple will build a store on.
But with a Bitcoin you do not own a share at all. You own noting
Fiat currency that used to measure BTC values is in a bubble and already bursting and imploding as indicated by the parabolic rise of BTC values against it, 1 USD is actually worth only 4 cents and probably by now its already fall below 1 cent, still it is valued at $1 which is more than 100 times its fundamental values
That sentence literally makes no sense. And you have not answered the question - prove that Bitcoin has any value. You do what Bitcoins fans tend to do when asked a hard question - start talking about something else in vague terms.
That doesn't makes sense because you don't have idea what money and currency is ? you are looking at market price based on the fiat currency note printed values and decided that BTC is in bubble because the price based on the fiat note printed values keep rising and accelerating beyond your imagination, I am explaining what is happening based on market dynamic not as BTC fan, I am explaining it at core fundamental values of [bitcoin] and fiat currency
it is not a bubble only because the price is purely based on speculation and what other people are thinking about it.
That is precisely the definition of a bubble !
Value is a personality thing. Bitcoin has $1000 value for me but it has $50000 value for most people. This is a reason why bitcoin value is $16000 now. Law of Supply and demand.
But don't forget the manipulation and the whales. Perhaps your mean about bubble is artificial value that means artificial demand and supply by the whales.
Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.
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
Bitcoin proves it long time ago. It is up to you if you believe or not but for me bitcoin is not a bubble, it was made as digital currency. Time also testified that bitcoin will not pop easily. Believe into the rumors and we don't care. I am not a bitcoin fan but I am not its haters too. Be neutral in this world is more lucky than being one directed. 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
Bitcoin is not a bubble, contrary to the widespread and dishonest statements of bank representatives. "There is a limited number of bitcoins that will ever exist. Gold is mined, mined and mined. Maybe. In the world there is a finite amount of gold, but bitcoin is more mathematical and settled, and no one can change mathematics. "
According to the strict definition of the word 'bubble', Bitcoin can be considered as such but when the same thing is applied to other fiat money or the usual cash we are using then they are also big bubbles. Anything can be a bubble even our own self-perception. Now, the question is this: who will determine if one's value is just exaggerated? Of course, the market. In case, Bitcoin holders and buyers will unite and determine that they will let go of what they are holding or buying for any kind of reason then the bubble has popped. Now, it seems to me that OP is convincing us to his point of view that Bitcoin is a bubble. No need for that because here in this forum we are all aware of this issue. Now, having said that, the next mission of OP is to convince all Bitcoin holders all over the world to say goodbye to their Bitcoin so that the bubble can finally burst. Can you do that?
Bitcoin itself will prove to you that he is not a bubble. Bitcoin offers great technology that we never seen before that is why people loves to invest on this because they believe on the future of bitcoin.
Why do we need to prove that bitcoin is not a bubble? You can always see it in the value of bitcoin that even if it drops it doesn't drop a terrible crash, it is only a correction and you can not say that it will not give you future payments because the value is what you have to see to believe in it, and I think that there is a bubble inside bitcoin but bitcoin is now a bubble.
Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.
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
This is not because we decided it was in the sark tank, but who decided the stability of the bitcoin or it was just a bubble. So hard to say bitcoin is not a bubble. 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
think about it this way: if you could own a share of the TCP/IP protocol would you do it ?? bitcoin and all other big blockchain technologies are just that; technologies you are buying the foundation and the land where MCdonalds or Apple will build a store on.
100 people 100 opinions to prove anything to anyone is not necessary. Everyone chooses how to be
We don't need to prove anything.
If you don't like Bitcoin, then find another forum, but don't come crying to us when your dollars go the way of the Bolivar.
If you don't like Bitcoin, then find another forum, but don't come crying to us when your dollars go the way of the Bolivar.
it is not a bubble only because the price is purely based on speculation and what other people are thinking about it.
That is precisely the definition of a bubble !
Fiat currency that used to measure BTC values is in a bubble and already bursting and imploding as indicated by the parabolic rise of BTC values against it, 1 USD is actually worth only 4 cents and probably by now its already fall below 1 cent, still it is valued at $1 which is more than 100 times its fundamental values
That sentence literally makes no sense. And you have not answered the question - prove that Bitcoin has any value. You do what Bitcoins fans tend to do when asked a hard question - start talking about something else in vague terms.
it is not a bubble only because the price is purely based on speculation and what other people are thinking about it. If people think that it is crap and they do not want to invest on it, the price will go literally to zero in just a few minutes.
Fiat currency that used to measure BTC values is in a bubble and already bursting and imploding as indicated by the parabolic rise of BTC values against it, 1 USD is actually worth only 4 cents and probably by now its already fall below 1 cent, still it is valued at $1 which is more than 100 times its fundamental values
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