We're in a bubble - page 2. | Bitcointalksearch.org

stomachgrowls

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Quote from: Triple on December 07, 2017, 02:47:21 PM

Quote from: spartak_t on May 21, 2017, 05:21:36 AM

I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...

Yeah, to be honest those exact thoughts have crossed my mind as well. The transactions per second rate is awful for BTC, and the extreme fees and slow confirmation times don't make it seem much like a currency at all. It's not suited for everyday practical use. I think most people are looking at BTC like they do gold. As an asset that they can just hold and liquidize at any time they choose. Like I've said before though, the next two years will be huge for BTC and cryptocurrencies in general.

I could not argue for more on the things you are saying on here which is actually right. Seeing on the current situation of bitcoin it cant really be considered or good to make it use as a currency because of the things that do prevent to consider it as one. Slow confirmations+High fees which would really be a bad disqualification in direct speaking.Back in the past I haven't even think off on this thing regarding that Bitcoin is a bubble but basing on its current movement it turns out that it is already on that state.

angel55

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Quote from: Triple on December 07, 2017, 02:47:21 PM

Quote from: spartak_t on May 21, 2017, 05:21:36 AM

I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...

Yeah, to be honest those exact thoughts have crossed my mind as well. The transactions per second rate is awful for BTC, and the extreme fees and slow confirmation times don't make it seem much like a currency at all. It's not suited for everyday practical use. I think most people are looking at BTC like they do gold. As an asset that they can just hold and liquidize at any time they choose. Like I've said before though, the next two years will be huge for BTC and cryptocurrencies in general.

btc has no value if its not a good currency, its not like gold at all. You can't just create more gold, you can create millions of cryptocurrencies. This is why i think bitcoin will crash and thing superior cryptos like ethereum will take its place.

Triple

hero member

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Quote from: spartak_t on May 21, 2017, 05:21:36 AM

I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...

Yeah, to be honest those exact thoughts have crossed my mind as well. The transactions per second rate is awful for BTC, and the extreme fees and slow confirmation times don't make it seem much like a currency at all. It's not suited for everyday practical use. I think most people are looking at BTC like they do gold. As an asset that they can just hold and liquidize at any time they choose. Like I've said before though, the next two years will be huge for BTC and cryptocurrencies in general.

mattbellme

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This is now the bitcoin bubble, alt bubble popped.

borjn

newbie

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Actually you are right in these days a lot of people are interested with bitcoin and ethereum like people who don't know anything about crypto world. People are asking me how can i mine, invest etc. I am also thinking that it is a Bubble but like a bubble inside a bubble if it blows it wont gone forever stil can stand

Al-Qadhafi

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Quote from: umatej on May 21, 2017, 11:37:47 AM

Quote from: cryptohunter on May 21, 2017, 06:27:17 AM

are we in a bubble though or at the start of mainstream waking up to crypto? hard to know.

Word. I think this is not a bubble but more like a rapid increase which will stabilize rather than fall hard. Corrections will come for sure...

This guy should repeat his words again.
Too much negative thoughts and panic atm. Even the server of this forums are too heavy loaded.

Alts used to start correcting twice the past 24 hours for a short 1-2 hours period but it gets interrupted and reloops everytime btc increases but in the meantime also the market cap increases big.
Never seen such big marketcap increase in a short time. Total Market Cap: $416.671.065.038
from around around 360 billion till now, 416 billion the alts had no change to correct themself properly.

At some point BTC has to go sideways and lets hope that it is not bellow the 360 billion market cap everything above is profit.

Have faith!

xenomorphe1

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Maybe it is just the start of the "bubble". We don't know when it will end and if the bubble is going to end.

angel55

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I still know that ethereum will eventually overtake bitcoin and bitcoin will crash. Bitcoin is not a good crypto its mostly just hype. Being the first does not mean the best. We saw what happened to myspace.

zikabra

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Quote from: spartak_t on December 07, 2017, 05:56:51 AM

What do you think now?

This:

Looks like bubble and according to survey taken here https://lendedu.com/blog/investing-in-bitcoin it can go up to $200K.
I am not sure what to think. Undecided

cryptogirl100

jr. member

Activity: 119

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Definitely getting into the bubble stage. But does it matter much? Due to the crypto nature, it's not gonna go boom boom like a regular financial market. I would even suggest it might be a good thing since it provokes more projects, currencies and ideas to develop in a more sophisticated and trustworthy way.

LogitechMouse

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Need a Marketing Manager? |Telegram ID- @LT_Mouse

I don't think so that bitcoin is a bubble. Bitcoin has been widely accepted in some parts of the country, making its price so high and its just starting. Bitcoin is first used 8-9 years ago and it got its price at around 15k$ already.

BenRickert

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Quote from: spartak_t on December 07, 2017, 05:56:51 AM

What do you think now?

I'm sure he thinks " Bigger Bubble" LMAO!!

spartak_t

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@FAILCommunity

What do you think now?

dadesu

sr. member

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These kind of bubble can last forever

Crypto currencys have too small stake in world economy, imposible to see in statitic, more like statistic error

But in future that will change, and such big money enter in crypto will make early investitors (all of us here with coins)
almost all of us rich Wink

Ahimoth

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Quote from: que91 on July 22, 2017, 01:07:14 PM

Quote from: Proximity Scan on July 22, 2017, 12:07:45 PM

Quote from: MBW_2 on July 15, 2017, 01:31:52 AM

We will see what happens. Everyone is pulling their money off the exchanges in fear of what could happen. So the marketcap is going to continue to drop until segwit kicks in.

Check the market price 1 week after your comment now. The market grown again and it didn't collapse against segwit difficulties. It recovered itself very easily.

Ok, when the market after 1 week if countinue bearish trend, I will go to this thread and laughing your guess, because not anyone can sure their guess the happens in future become true 100%. If can do that they are become to Billionaire Dollar and not need share to people at here Wink

Of course like no one can really tell and things happen when nobody expect it.

Yes maybe this is a bubble and it really suddens me. But if not its a good sign before the correction.

richardfisk

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that is correct. we are in a big bubble since all altcoins have a great price right now. However, do not be afraid anymore because some recent crashes have reset every back to normal. well, hope that the prices will not go down anymore since we all want profit, right?

Mark8721

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que91

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Quote from: Proximity Scan on July 22, 2017, 12:07:45 PM

Quote from: MBW_2 on July 15, 2017, 01:31:52 AM

We will see what happens. Everyone is pulling their money off the exchanges in fear of what could happen. So the marketcap is going to continue to drop until segwit kicks in.

Check the market price 1 week after your comment now. The market grown again and it didn't collapse against segwit difficulties. It recovered itself very easily.

Ok, when the market after 1 week if countinue bearish trend, I will go to this thread and laughing your guess, because not anyone can sure their guess the happens in future become true 100%. If can do that they are become to Billionaire Dollar and not need share to people at here Wink

speaktome

sr. member

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Quote from: MBW_2 on July 15, 2017, 01:31:52 AM

We will see what happens. Everyone is pulling their money off the exchanges in fear of what could happen. So the marketcap is going to continue to drop until segwit kicks in.

You were right about the price drop but it turns out that the price recovered quickly before that date,then I think we can conclude that it was not a bubble right? maybe the price can maintain itself thus reflecting that there is a lot of confidence,from another perspective i think that the word bubble no longer fits very well with BTC especially since it is continuously supported and updated by the devs and the community,so market behavior obeys to the number of situations that happen day by day in a very variable environment.

FromTheStars

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no where near a bubble of dire proportions yet. there will be many corrections and people will always scream bubble

Topic: We're in a bubble - page 2. (Read 10367 times)