The bitcoin bubble is broken or not | Bitcointalksearch.org

stompix

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Blackjack.fun

Quote from: cr7 on June 22, 2018, 11:47:21 AM

Tether conducted another audit. This time, with the former Director of the FBI. So the bubble will not burst in the next few years!

Another useless audit you mean.

Quote

First off, the report is not an audit. It was prepared by a law firm – Freeh Sporkin & Sullivan, LLP (FSS) – not an accounting firm

And this is getting funny:

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"The bottom line is that an audit cannot be obtained," Hoegner told CoinDesk, claiming that this problem is not unique to his company but one faced by the entire cryptocurrency industry.

So, they claim they can't get an audit, but they did one.At this point, they've lost me.

Here is the conclusion of the "audit"
https://www.scribd.com/document/382183392/FSS-Account-Snapshot-Statement#from_embed

Just read those two lines:

Quote

1) FSS is not an accounting firm and did not perform the above review and confirmations using Generally Accepted Accounting Principles.

2) The above confirmation of bank and tether balances should not be construed as the results of an audit and were not conducted in accordance with Generally Accepted Auditing Standards

darkangel11

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Don't let others control your BTC -> self custody

Quote from: cr7 on June 22, 2018, 11:47:21 AM

Tether conducted another audit. This time, with the former Director of the FBI. So the bubble will not burst in the next few years!

Let's now wait for that professor from Texas to apologize for being wrong and scaring people off. Maybe he was paid to do his "research" or maybe he's just smart and bet on the prices going down. If I were to publish an article like that, or knew about someone doing it, I'd sell my coins and get ready to buy cheaper.

cr7

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Tether conducted another audit. This time, with the former Director of the FBI. So the bubble will not burst in the next few years!

slightmoon

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diceroll.xyz

No,bubble is not broken...it is now shrinked badly.it will broken when rate will reach 12k USD

[email protected]

member

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I think what we need now is not bubble but price stability and that would help bring more people to invest much more into crypto world. Investors would want understand the stable strength of the market price of bitcon before venture into it properly.

JerryJam

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I do not consider bitcoin a bubble. It has no signs of a classic bubble using a standard approach to bitcoin.Talking about the bubble, no one can calculate the speed of blockchain implementation in the real economy. This speed is impossible to calculate To bitcoins cannot be addressed by a standard yardstick.Bitcoin is a unique financial phenomenon.And standard measurements are not applicable to it.Despite the current recession, bitcoin will reach its historical maximum. .

vooov

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The value of Bitcoin is not entirely a bubble. After Bitcoin was widely accepted, people saw the potential of Bitcoin, and believed in the future of Bitcoin, so Bitcoin produced a price that is overflowing at this stage. However, it does not mean that this price cannot be achieved in the future. Perhaps the arrival of the bull market last year was premature. It does not belong to that era. It should have occurred after 2 years.

florinigna

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First of all bitcoins is not bubble. If you are not happy with price fluctuations, you should be content with 10% annual return in case of bank deposits.

pawanjain

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Nothing lasts forever

Quote from: daoquanghuan on June 20, 2018, 06:57:12 PM

Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?

Bitcoin has been in a bearish moment for a long time now which is why many people are thinking that this is the end of Bitcoin or that the bubble is popping and BTC will never recover the price again. I must say that this price correction or bearish movement is expected from BTC. Bitcoin has been gaining in price for around 3-4 months continuously last year and it skyrocketed to the moon. This is why a long term bearish movement is quite expected from BTC. I believe that sooner or later BTC has to rise again. It's just a matter of time.

anrian062

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for anyone stated that economic bubble isn't last long, you should read more about the history of the bubble.
Bitcoin might be a bubble phenomenon and we are in the "fear" state. the intrinsic value of bitcoin itself cannot be determined as it never reaches widely for a utility tool. As far as we know currently Bitcoin is an investment medium, bitcoin can be replaced. Do not mistake bitcoin with blockchain technology, blockchain is a massive invention for future.

bardadymr

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Bitcoin is not a bubble, so it will not burst. Everything is simple

iconternal

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I think all this is fine and the bitcoin bubbles will recover in time, and there is no damage in the bitcoin bubble, and make this a good buy opportunity.

bigdude

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Dolphins Finance TRUSTED FINANCE

Quote from: First77 on June 20, 2018, 08:04:02 PM

$6000 is lots of money. If Bitcoin goes to $12000. That is 100% profit only. That's how bubble burst.

There are more sellers at $8,000 but who will buy 1 Bitcoin for $8,000

So what do you think about people bought bitcoin at 20k 15k 10k in the past?
yeah bitcoin price was bubble burst last year but time to time its stronger at this good support price around $6k. Most people waiting and place sell order at 10k so this is the most hard wall to break in this year. $8k I though easy to climb in the end 2018

budismile

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I am always sure Bitcoin will rise to the moon again, for the month of the month now indeed all stocks in the stock market is experiencing decline, as well as gold. so it's practically normal when bitcoin keeps dropping.
I have often said that we should always believe in bitcoin, continue to be patient until Bitcoin returns to victory.
good news about Bitcoin is already emerging, where the State can protect its investors. so don't worry it

Falmera

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Quote from: daoquanghuan on June 20, 2018, 06:57:12 PM

Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?

Though the price of the bitcoin falls and still at its low value but soon it will rise. I do not think it is not bubble. We must not be afraid and do not stop trusting.

Juggy777

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There is a difference between bubble and jealous speculation and I don't think there was any bubble ever it's been slow and steady growth for the crypto king, this is just normal growth and any faster growth without being able to sustain it is not right. I'm sure many of us realise that bitcoins is slowly growing and that is good I'm sure it'll bounce to greater glory.

r32godzilla

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Bitcoin is not at all a bubble.No bubble could exist continuously for more than one year.Many wrongly predicted bitcoin to be a bubble and missed the golden chance of investing in it.

Johnny_ric0

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In my opinion too many players are have invested money in bitcoin, so they will do anything to keep it alive and not let the price goes too far down.

vktrglbr

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Bitcoin will died not in this year. It is absolutly fact. 6000 $ still very higth price. 6 month of down trend its not so long time for markets.

Meysa_richa

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I do not think the bitcoin bubble will be broken and the current price I think is still good and it's a great opportunity to make a purchase.

danivan7

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https://karatcoin.co

Quote from: daoquanghuan on June 20, 2018, 06:57:12 PM

Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?

I think so, but first don't worrie about price.
focus on development market.
merchant, and increase payment gateway I think is most important.
so price will up again naturaly

olubams

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Quote from: daoquanghuan on June 20, 2018, 06:57:12 PM

Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?

Making statements like the bolded means admitting that bitcoin itself is a bubble and claiming that its not big enough means for something to be regarded as bubble, then some amount of volume needs to be met which is equally wrong. The latter part of your post is a perfect response to those who have concluded no matter the argument for or against their position will not change. Propose your argument and not prove their case for them.

Missterio

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If you bought bitcoin last year for 1100, could say now that bitcoin bubble burst?

ddback

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I think bitcoin can broken down by regulations, but it is certain cryptocurrency can be broken down.

rodskee

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Quote from: daoquanghuan on June 20, 2018, 06:57:12 PM

Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?

I'm waiting what happen for bitcoin for this year difficult to give conclusion even if now in the middle of the year 2018 the signal of bitcoin in the market are to slowly for bitcoin become bubble their value, but of course i strongly believe bitcoin as currney is still strong.

BQ

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CoinMetro - the future of exchanges

I think your first point is great, the market is very small. Apple has a 900b market cap, crypto as a whole has ~300b.
And that's including all the useless crypto projects!
Take the great crypto projects, add them up and give it a few years, how could that not be valued in trillions?

I think any market will experience growth and decline regardless of size, but to call it a bubble I'm not sure.

debopam.chanda

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Every year Bitcoin is making new high. So I think it will rise again. However, we should be cautious and over invest in it.

Nerman

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Quote from: daoquanghuan on June 20, 2018, 06:57:12 PM

Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?

First I do not think that Bitcoin is in a bubble. To be honest the price rise we experienced last year is too parabolic that in sense the price will retrace to normal. I think there are a lot of people who lost their money because they bought at the top but remember during the same date last year the price is still up. People are just impatient.

nellakarisma

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damaged or not I also do not know. the obvious bitcoin prices are now still down. and now is the time to buy then conclude and become a millionaire in the future .

Mpamaegbu

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Once a man, twice a child!

Quote from: Anti-Cen on June 20, 2018, 07:00:33 PM

Miners broke it when they put fees up to $55 per transaction at the start of the year and all trust in the development team left the room and i cannot see it coming back EVER!

Give me Tulips from Amsterdam, better chance of getting a second run all these years later i thinks

You really think so that it won't come back up or you are just mouthing? I think the second option is it with you. And to even compare it to Tulips shows you truly don't know what is staked with Bitcoin. Anyway, every man to their own thoughts and decision. But I think those still calling bitcoin a bubble and forgetting the milestones recorded by the use of its blockchain tech in related spheres of life will regret not buying in at this dip. Soon, time will tell.

Hallmader

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The Bitcoin bubble is neither intact nor broken because in the first place there is no such thing as Bitcoin bubble. Bitcoin is not an invention that suddenly came out of nowhere, or of the whims and imagination of some geek and hackers. It is a truly revolutionary innovation that will somehow give the people the freedom and the breath of fresh air that they badly need for a long time. The banks are suffocating us since their existence.

Dudeperfect

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Bitcoin is definitely not a bubble but a technology which is still in the development phase that means that Bitcoin might succeed or fail down the road but the intention is definitely not to steal people's money. Bitcoin is coming up with the disruptive model which challenges the traditional centralised infrastructure and hence there is a huge amount of criticism from those who have vested interest in the centralised system.

SistaFista

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Hexhash.xyz

Do you believe that bitcoin is a bubble ? i personally dont believe at all. Bubbling and burst is occur usually only once.
Bitcoin was it high and low position at countless times, so it is not a bubble in my opinion.

Gurjasmeet

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I think it is not justify name of bitcoin bubble whenever bitcoin has been popularity& brand name in market as earlier in the market & gave much more profit to the investors.bitcoin is also expand their business all of the world. so it is no chance will be failure in future.

newinbtc

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Expected bitcoin price is 10,000$ , This price is low as per some famous predictors they said wait till December month and we will get our investment returns surely.

some people say this bubble cannot be generated again Details here
https://www.marketwatch.com/story/bitcoin-will-be-impossible-to-reflate-into-a-bubble-again-2018-06-14

the reduction of bitcoin price is several hacks on multiple exchanges. such as south korea exchange hack. No one can judge bitcoin price , anything can happen. just be faith in God and bitcoin we will get our investment returns as bitcoin is king of all currency , if bitcoin become zero all be be zero , that will happen never

BloodKnight

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If you think that Bitcoin is a bubble, then this bubble is far from the edge of disillusionment. I think Bitcoin does have some bubbles, but it is not entirely a bubble.Bitcoin has experienced a six-month decline. I don't think there is any bubble in Bitcoin now.

Zin-Zang

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Killing Lightning Network with a 51% Ignore attack

Quote from: daoquanghuan on June 20, 2018, 06:57:12 PM

Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?

Yep , down to ~$4000 as a baseline. But that may takes months before it drops that low.

CryptoRaymond

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I think you should correct the title. As you don't think bitcoin as bubble, you should emphasize on it. But the title reflects the possibility BTC bubble.

However, I believe that bitcoin is not bubble. It is still so young to judge as bubble or not. Besides we all have seen its prospect and demand in the market. People have earned a lot by investing here. But yes, who have invested here with zero knowledge, may treat this as bubble.

tylox

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All bubbles burst once, but I think there will certainly be a few more.
I think the next one will come shortly before or after the next halving.

rawr1620

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Bubble is not broken it is just the way it is. The prices will come back sooner or later and the prices will rise again but then again it will go down. It is unpredictable.

blocklancer8

full member

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Yes i am still convinced that bitcoin will experience a remarkable rise i still have an enthusiasm in following bitcoin and investing. Bitcoin has shown its greatness is every year just waiting time and all will get the desired results.

Futurm

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I think bitcoin is seriously undervalued right now because lightning networks are being deployed.
People choose to participate in ICO for the sake of obtaining more benefits. However, ICO is currently facing legal problems, and people always tend to speculate rather than invest.

justinstewart704

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in my opinion it's not a bubble because the value of bitcoin is constantly changing.bitcoin is becoming more and more popular every day.only whales can change market prices.

JamescrypTrader

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No, I don't think so. I think the time is not appropriate to judge bitcoin as bubble. And the break will not continue more inthis year hopefully. Market is growing and it will be accepted institutionally in coming days. Besides, regulations are setting up. Thus bitcoin will be more popular to the new generation.

yesyoupump

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I think se are at the bottom and no speculation can incide on more than has already did.
So no bubble we live today.

Vikseno

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Does it even qualify as a bubble by this point?

poptok1

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Bobby Fischer was right

Quote from: niisarearning on June 21, 2018, 02:02:14 AM

Still i dont support the word Bubble .yes there was huge manipulation happened at the end of 2017 because there was a reason in august bitcoin cash fork happened all bitcoin holders got free BCH so it was worth good ammount of money . In october 2 fork announce BTG as well Segwit2x but segwit2x not happened . Here the actual big manipulation happened lots of greedy people entered to crypto initially to get free coins then price started to raise then it became talk of the town In the mean time whales took opportunity even they started to pump . I could say now bitcoin price is justifiable even its more than 100% growth last year value

Same here, I don't recognise prize spikes as bubbles.
Bubble connotes that something is inherently designed to get broken, that growing mechanisms are actually harmful for the thing in question.
All the bubbles I can think of had one thing in common, they where based on products, laws or mechanics that where actually, physically fragile or simply broken, not to mention scummy. If those "qualities" apply than, sure we have a bubble. IMO in bitcoins case, there is lack of all those questionable features.

-Sinner-

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Instead of panic, just close all the forums, reddit, facebook groups and go on the chart. there you can easy see the pattern of every year, since 2013. Every year, btc lost from 50% to 90+% ( yes, 90!), many times also with identic pattern compared to the actual. And you see what happened? So no, there is no bubble here, just people that will cry in 10 years from now Cheesy

niisarearning

sr. member

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Still i dont support the word Bubble .yes there was huge manipulation happened at the end of 2017 because there was a reason in august bitcoin cash fork happened all bitcoin holders got free BCH so it was worth good ammount of money . In october 2 fork announce BTG as well Segwit2x but segwit2x not happened . Here the actual big manipulation happened lots of greedy people entered to crypto initially to get free coins then price started to raise then it became talk of the town In the mean time whales took opportunity even they started to pump . I could say now bitcoin price is justifiable even its more than 100% growth last year value

St4yInTh3D4rk

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"STAY IN THE DARK"

Quote from: daoquanghuan on June 20, 2018, 06:57:12 PM

Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?

Please keep away those bubble stories it was saying by the people for almost a decade now since the bitcoin created do you think still bitcoin is an bubble.Yes the price was fallen too much from its all time high but it will recover even like happened in the past incidents.So we have belief that bitcoin will reach new all time in the coming years so keep patience and time will give the exact answer for you.

Pursuer

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Where is my ring of blades...

Quote from: tung06081989 on June 20, 2018, 09:58:02 PM

when bitcoin risr from 1000 to 20000 usd i think it is bubble but when it decrease from 20000 usd to 6500 usd i think this bubble is broken,

just because price has gone up it doesn't mean it is a bubble. for example you can't say $20k was a bubble just because it went from X to $20k.
a bubble is when price is higher than the intrinsic value of an asset. basically it means when price is going up a lot higher then the demand that there is for bitcoin. for example $20k happened because of a lot of hype thanks to a lot of good news and also because of lack of resistance above $10k+ so it was a bubble.

similarly just because price has come down you can't say it is no longer a bubble. again the same rules apply. price needs to come down to intrinsic value. I would say we have reached it for bitcoin and are even below it now. so there is no bubble and not only that but also we are currently in an underpriced state.

mk4

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Paldo.io 🤖

Quote from: First77 on June 20, 2018, 11:20:10 PM

Quote from: monkeydominicorobin on June 20, 2018, 09:06:13 PM

Let me remind you that it went up to 20,000 dollars. A lot of people bought it at that price and they will wait to collect their profits for as long as the Bitcoin network is functioning. They will hold it. The supply of Bitcoin in exchanges will be low. So bidders will bid for supply at a very high price. That is the dynamics of pricing. You don't even know the difference between a bubble and price mechanisms/dynamics.

Bitcoin was $1 in year 2009. It looks super-HYIP in disguise. How did Bitcoin get $350,000,000,000, I fail to understand Huh

1500% or 2000% profit in 15 years look OK.

It was $1 in the past simply because barely anyone knows what bitcoin is. But now, bitcoin is slowly and surely gaining global presence. So what happens if a scarce asset gains good publicity? People buy it. Hence, the price increases significantly.

First77

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Quote from: monkeydominicorobin on June 20, 2018, 09:06:13 PM

Let me remind you that it went up to 20,000 dollars. A lot of people bought it at that price and they will wait to collect their profits for as long as the Bitcoin network is functioning. They will hold it. The supply of Bitcoin in exchanges will be low. So bidders will bid for supply at a very high price. That is the dynamics of pricing. You don't even know the difference between a bubble and price mechanisms/dynamics.

Bitcoin was $1 in year 2009. It looks super-HYIP in disguise. How did Bitcoin get $350,000,000,000, I fail to understand Huh

1500% or 2000% profit in 15 years look OK.

tung06081989

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when bitcoin risr from 1000 to 20000 usd i think it is bubble but when it decrease from 20000 usd to 6500 usd i think this bubble is broken,now the crypto market more notice and it have more bright future,there are many people invest crypto market,crypto market will more develop in the future,now it is side way,it is very good,it need more stable before grow up

mk4

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Paldo.io 🤖

Bitcoin's price has crashed down multiple times in the past, so you could say that the bubble has already "popped". It even took 2 years for bitcoin's price to recover in the past. But guess what? The bubble will inflate again, and it will pop again; and this will continue to happen again and again. Is it an issue? Not in my opinion.

BITCOIN BUBBLE - Andreas Antonopoulos: https://www.youtube.com/watch?v=1co_YWwDpXg

Bitcoin Obituaries - Bitcoin Declared Dead 300 Times and Counting: https://99bitcoins.com/bitcoinobituaries/

pooya87

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you are way too late to even talk about the bubble. it started 7 months ago and was finished by the end of January.
what came afterwards had nothing to do with the bubble nor the correction of it. that drop was more of a dump and manipulation.

Quote from: daoquanghuan on June 20, 2018, 06:57:12 PM

The current market is too small to be called a bubble compared to other financial channels.

the size of the market has nothing to do with "bubble" and the market is not called a bubble, the market has bubbles or goes into bubbles from time to time. we have one every now and then and about every 2 years we have a big one like $20k.

hoangyoyo

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i don't think this bubble will broken. it down because exchanger in KR down for hack. BTC will come back soon!

monkeydominicorobin

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: First77 on June 20, 2018, 08:04:02 PM

$6000 is lots of money. If Bitcoin goes to $12000. That is 100% profit only. That's how bubble burst.

There are more sellers at $8,000 but who will buy 1 Bitcoin for $8,000

Let me remind you that it went up to 20,000 dollars. A lot of people bought it at that price and they will wait to collect their profits for as long as the Bitcoin network is functioning. They will hold it. The supply of Bitcoin in exchanges will be low. So bidders will bid for supply at a very high price. That is the dynamics of pricing. You don't even know the difference between a bubble and price mechanisms/dynamics.

First77

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$6000 is lots of money. If Bitcoin goes to $12000. That is 100% profit only. That's how bubble burst.

There are more sellers at $8,000 but who will buy 1 Bitcoin for $8,000

Wheelige

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Do good things

Bitcoin developed a bubble in late 2017 but i think to say that bitcoin has been in a bigger longer term bubble is just dismissing emerging technology. There was such a parabolic rise at the end of 2017 based on nothing really which was concerning. This was taken advantage of and that why regulators around the world are stepping in to make sure that ill-informed people are not ruined by others in the future.
If you ignore the ridiculous bump from November then bitcoin is still doing quite well. I havent read anything seriously bad in a while but have seen some positive notes on adoption and acceptance.
I look forward to 2020.

Anti-Cen

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High fees = low BTC price

Miners broke it when they put fees up to $55 per transaction at the start of the year and all trust in the development team left the room and i cannot see it coming back EVER!

Give me Tulips from Amsterdam, better chance of getting a second run all these years later i thinks

daoquanghuan

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Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?

Topic: The bitcoin bubble is broken or not (Read 442 times)