Bitcoins have no intrinsic bubble.
Intrinsic bubble? lol
Topic: Shiller calls bitcoin an obvious bubble (Read 2174 times)
Intrinsic bubble? lol
Bitcoins have no intrinsic bubble. I am not saying the have a zero value, I am saying they have no value, as in a null set. They can no more be overpriced then they can be under-priced. The only function that determines their value is the bid and ask. Therefore bitcoins are always perfectly priced. Their future price is harder to determine, but the coins themselves have no specific or intrinsic value. The payment network has tremendous value, but not the coins.
And I'll say this again - Shiller calling bitcoin a bubble is not news. The only news would be if he said it wasn't. People hear Shiller call things a bubble and don't blink, when he says something is cheap, everyone sits up and pays attention.
And I'll say this again - Shiller calling bitcoin a bubble is not news. The only news would be if he said it wasn't. People hear Shiller call things a bubble and don't blink, when he says something is cheap, everyone sits up and pays attention.
Can you send me some of those free bitcoins you speak of?
Here is for you my friend : https://github.com/bitcoin/bitcoinHTTP is an open protocol, Apache is an open source web server. And guess what, there have been bubbles based on the evaluation of companies using those technologies. Wasnt that long ago actually.
And i´m fairly sure Schiller wasnt saying the source code for bitcoin was too expensive, i think he is talking about the price of those transaction tokens.
Schiller don't know shit about tech. He has a big mouth.
Can you send me some of those free bitcoins you speak of?
Here is for you my friend : https://github.com/bitcoin/bitcoinHTTP is an open protocol, Apache is an open source web server. And guess what, there have been bubbles based on the evaluation of companies using those technologies. Wasnt that long ago actually.
And i´m fairly sure Schiller wasnt saying the source code for bitcoin was too expensive, i think he is talking about the price of those transaction tokens.
Bitcoin a an idea and an open source technology. It is free motherfucker.
How can you bubble something free ? Fuck them.
Can you send me some of those free bitcoins you speak of?How can you bubble something free ? Fuck them.
Here is for you my friend : https://github.com/bitcoin/bitcoin
Bitcoin a an idea and an open source technology. It is free motherfucker.
How can you bubble something free ? Fuck them.
Can you send me some of those free bitcoins you speak of? How can you bubble something free ? Fuck them.
Shiller "The Famous Bubble Caller", lol. Sounds fancy.
On topic: how can something be a bubble with so many people supporting it and with no centralization ?
On topic: how can something be a bubble with so many people supporting it and with no centralization ?
Bubbles need a huge number of people supporting them, otherwise those bubbles would not exist.
Fuck the people that call Bitcoin a bubble.
Bitcoin a an idea and an open source technology. It is free motherfucker.
How can you bubble something free ? Fuck them.
Shiller "The Famous Bubble Caller", lol. Sounds fancy.
On topic: how can something be a bubble with so many people supporting it and with no centralization ?
On topic: how can something be a bubble with so many people supporting it and with no centralization ?
Shiller has got this one wrong
Like most mainstream economists, he misses the whole point
Like most mainstream economists, he misses the whole point
Robert Schiller, famous bubble caller has put bitcoin into the category.
http://www.businessinsider.com.au/robert-shiller-bitcoin-2014-1
Is he right? Could it be just that the price has shot ahead of the bitcoin economy and we're waiting for it to catch up?
http://www.businessinsider.com.au/robert-shiller-bitcoin-2014-1
Is he right? Could it be just that the price has shot ahead of the bitcoin economy and we're waiting for it to catch up?
Business insider seems to be on a mission to scare people away from Bitcoins.
At least with the article you posted, we can identify the Business insider poster, Joe Weisenthal. Although Matthew Boesler is another fear mongering "reporter" with headings like:
Bitcoin is Crashing (April 2013)
BYRON WIEN: Bitcoin Will Collapse In 2014
Lesson learned: Business Insider is not news. It is drama. They are not insiders in the market. They are definitely outsiders to Bitcoin.
Exactly. These are the last gasps of a dying paradigm.
Overvalued relative to the size of the economy? Perhaps, ...
Most definately.Overvalued on a risk-free discounting schedule in view of its future value, risk-adjusted? No freaking way. It is grossly undervalued on any rational risk-adjusted discounting.
Hey, there are other "I want to believe" guys around. The aliens are gonna land any day now. And they´ll show us how to create free energy and energy to matter transfers. Everyone will be able to have everything he could ever want anyway. No more need for a financial system of any kind. So why invest in bitcoin? 
If shiller said bitcoins were not in a bubble that would be huge news...
Seconded
So moved.
Another analyst close to my "heart". Case/Shiller: they were providing true R.E. market stats when they were difficult to find anywhere else and the whole concept that real estate could even be in a bubble wasn't even fathomable to the average citizen.
The attitude I see here all too often is that if someone doesn't agree with bitcoin "f'em" ? I say listen to them.
They have as much to learn about bitcoin as most bitcoin enthusiasts need to learn about economics.
He is a bubble caller. I believe bitcoin is a bubble and will be for some time.
Big deal, it's in a bubble, as have many things been.
People who go "all in" hoping to get rich may be wishing to afford a vase of Tulips by the end of all this.
Bitcoin or something close to this technology is going to be around for awhile and no matter what the outcome...at this point, this is history happening.
Bitcoin certainly could be heavily overvalued and in a bubble right now. I tend to believe it is a bit overvalued currently giving the lack of adoption. I do think the bitcoin economy will catch up though over time and the prices we currently see will be considered cheap a few years down the road 
.
.Overvalued relative to the size of the economy? Perhaps, but given the increase in the size of the economy recently, it is a questionable proposition, and should be checked, since the numbers are relatively available.
Overvalued on a risk-free discounting schedule in view of its future value, risk-adjusted? No freaking way. It is grossly undervalued on any rational risk-adjusted discounting.
global moderator
Activity: 3934
Merit: 2676
Join the world-leading crypto sportsbook NOW!
People are always saying that it's a bubble but they never go into details on why it is as they do with so many other things, until they do and actually give some proof then they're not worth paying attention to.
People just want to slag Bitcoin off and that's the best they can come up with. Just because something happens to go through bubbles doesn't mean it should be avoided like the plague. I don't see why bubbles are necessarily bad. I think a few bubbles and volatility is a naturally occurring event and is to be expected with such a new idea, but it'll probably settle down eventually anyway.
Bitcoin certainly could be heavily overvalued and in a bubble right now. I tend to believe it is a bit overvalued currently giving the lack of adoption. I do think the bitcoin economy will catch up though over time and the prices we currently see will be considered cheap a few years down the road .
. If shiller said bitcoins were not in a bubble that would be huge news...
Seconded
Robert Schiller, famous bubble caller has put bitcoin into the category.
http://www.businessinsider.com.au/robert-shiller-bitcoin-2014-1
Is he right? Could it be just that the price has shot ahead of the bitcoin economy and we're waiting for it to catch up?
http://www.businessinsider.com.au/robert-shiller-bitcoin-2014-1
Is he right? Could it be just that the price has shot ahead of the bitcoin economy and we're waiting for it to catch up?
Business insider seems to be on a mission to scare people away from Bitcoins.
At least with the article you posted, we can identify the Business insider poster, Joe Weisenthal. Although Matthew Boesler is another fear mongering "reporter" with headings like:
Bitcoin is Crashing (April 2013)
BYRON WIEN: Bitcoin Will Collapse In 2014
Lesson learned: Business Insider is not news. It is drama. They are not insiders in the market. They are definitely outsiders to Bitcoin.
Listen, I am a wall street guy, Robert Shiller calls everything a bubble, almost always. An article saying Shiller calls bitcoins a bubble is like an article saying that the second most popular yellow thing that goes with ketchup is scrambled eggs. If shiller said bitcoins were not in a bubble that would be huge news... but him saying bitcoins are a bubble is like the pope saying he prefers people to be good to each other... its simply not news.
A small gathering of children photographed outside the home of Robert Schiller.
Jump to: