only people who want low-value bitcoin that make the statement bitcoin is a bubble.
but facts speak, bitcoin has existed for 10 years, and has become a strong foundation for the crypto world.
when bitcoin falls there must be a revival afterwards.
Topic: Why Bitcoin is not a bubble! (Read 548 times)
hm, if in the beginning it was a bubble, I mean in 2017 it is looking exactly like a bubble, then it should be a bubble.
but if it is so, I don't think this is bad, cause after hype ends the industry don't die. it will return to the natural state.
let's see how it goes further..
So you are expecting the bubble to burst ir having the faith on bitcoin it is not like other bubble were mentioned in OP.but if it is so, I don't think this is bad, cause after hype ends the industry don't die. it will return to the natural state.
let's see how it goes further..
Bitcoin hype will never end.
well, i personaly dont believe any statement with who says btc is bubble.
but well, according to some fact, since price has drop suddenly, mostly general people will think it bubble,
from 19k drop to 9k just about 2 month's. but they dont know what exactly happen, money loundrying, ICO , is happened on that time, and many magazine release that news but it seems people don't want to change their perception about btc.
Those who really understand bitcoin and crypto market, they are still supporting bitcoin and as bitcoin is showing some increase in value now, soon these guys are going to bag huge money. Those who are considering bitcoin bubble because of this dump, they should dollar as bubble as well because it also increase and decreases in value over the period of time. but well, according to some fact, since price has drop suddenly, mostly general people will think it bubble,
from 19k drop to 9k just about 2 month's. but they dont know what exactly happen, money loundrying, ICO , is happened on that time, and many magazine release that news but it seems people don't want to change their perception about btc.
It was to be expected, the reason for the creation of bitcoin will not come into play once we got more people willing to accept it but the idea behind bitcoin is so strong that while other projects could have disappeared immediately by failing their main mission, in the case of bitcoin being used as a currency with no third parties involved, bitcoin found another niche, it is a vehicle for speculation and one of the best since the profits you can get in this market are unparalleled.
Yes this is just the beginning as there is a long way to go when the real players joins the crypto as of now we have some big whales who controls the bitcoin market it seems like we are moving away from the reason why the bitcoin and crypto coins were created as now we look at it as a mere investment rather than utilizing it's primary functionality. Not sure how this will end and where it will lead bitcoin to, but one thing is sure that bitcoin will not die.
Whether Bitcoin was a bubble or a pyramid, the newcomers could not receive income from it, but they can.
Anyone who bought bitcoin today, tomorrow, probably will be able to sell it more expensive, thereby earning.
This is an honest system in which everyone is satisfied, because here everything depends on your entry point, and not on the people you attract.
Anyone who bought bitcoin today, tomorrow, probably will be able to sell it more expensive, thereby earning.
This is an honest system in which everyone is satisfied, because here everything depends on your entry point, and not on the people you attract.
What people do not understand about the word "bubble" is that, something needs to have zero value and then increase so much then burst and have zero value.
Just to give an example, the housing bubble of 2008 happened because there was too many mortgages all bonded together and normally there was a lot of mortgages that were given to people who were not paying their debt and eventually the house would have been seized but the economy is bad so bank would have to sell it for barely any profit or even sometimes loss and also would take huge amount of time.
Now, combine all of these mortgages that were barely making any profit for them and make thousands of them stuck to one paper and also bet on that paper as well selling it like it is a good thing because everyone pays their mortgages right? Well, eventually they didn't and bubble happened, when something doesn't have value but you pay for it anyway then it bursts, bitcoin does have a value, it is not like housing bubble at all.
Just to give an example, the housing bubble of 2008 happened because there was too many mortgages all bonded together and normally there was a lot of mortgages that were given to people who were not paying their debt and eventually the house would have been seized but the economy is bad so bank would have to sell it for barely any profit or even sometimes loss and also would take huge amount of time.
Now, combine all of these mortgages that were barely making any profit for them and make thousands of them stuck to one paper and also bet on that paper as well selling it like it is a good thing because everyone pays their mortgages right? Well, eventually they didn't and bubble happened, when something doesn't have value but you pay for it anyway then it bursts, bitcoin does have a value, it is not like housing bubble at all.
Sorry for crashing the party but let me say my very simplistic view: as long as there's a real-world need and use for bitcoin, it's not a bubble, it gets it's value not from numbers on an exchange but from the number of real users, especially business users, I know for a fact that a lot of local companies and factories in my country pay via bitcoin to avoid using banks, as long as those users exist, the bubble shall not burst
People know about bitcoin beleives that it is not a bubble but most of the people who are not aware about this decentralized coin with great technology follow the lead of others who just create rumours about btc being a bubble which will burst after a particular time.This thread has been remain debateable for many time the prices rise and fall in crypto market and when they reach at $20k in 2017 and then fall certainly people thought it was but then again it survived and prices rise for once.Btc is a major cryptocoin which will survive for a long time.
The reason why people are thinking of it as a bubble is because it have yet not achieved the price it had initially achieved in 2017-18 therefore they think it was a one time opportunity they missed and are blaming it on the volatility of Bitcoins , infact the idea is stabilization of the price that includes making it come down to a more natural value , something acceptable.
Bitcoin needs a lot of time and cooperation from its community before the price reaches the past all time high. The price of bitcoin is being driven by the demand and as what we see in the price of bitcoin, the demand is still not enough to push the price to $20,000 or more. We need more promotion for bitcoin so we can get some adaption from big players which has a wide variety of potential crypto users.
The reason why people are thinking of it as a bubble is because it have yet not achieved the price it had initially achieved in 2017-18 therefore they think it was a one time opportunity they missed and are blaming it on the volatility of Bitcoins , infact the idea is stabilization of the price that includes making it come down to a more natural value , something acceptable.
well, i personaly dont believe any statement with who says btc is bubble.
but well, according to some fact, since price has drop suddenly, mostly general people will think it bubble,
from 19k drop to 9k just about 2 month's. but they dont know what exactly happen, money loundrying, ICO , is happened on that time, and many magazine release that news but it seems people don't want to change their perception about btc.
Those who really understand bitcoin and crypto market, they are still supporting bitcoin and as bitcoin is showing some increase in value now, soon these guys are going to bag huge money. Those who are considering bitcoin bubble because of this dump, they should dollar as bubble as well because it also increase and decreases in value over the period of time. but well, according to some fact, since price has drop suddenly, mostly general people will think it bubble,
from 19k drop to 9k just about 2 month's. but they dont know what exactly happen, money loundrying, ICO , is happened on that time, and many magazine release that news but it seems people don't want to change their perception about btc.
Once the bubble pops it will never goes up again, Bitcoin has different character from that Tulip. I believe Bitcoin's value is demand driven although there are some instances that it is vulnerable to market manipulation resulting to the lost of most investors but naturally it is part of the game, however the adoption is still on the rise.
Bubble always goes to burst when there is so hype for any cryptocurrency it will be reach bubble as burst.
We need not invest on such currency even on the trading platform as a short term investment as well because it may goes to any direction at any time...
People say bitcoin is no longer becoming popular which mean the hype of it has reduced but yet, it is still growing in value and that also means that the bitcoin system is not a bubble because if it was, as they say the popularity has declined, and that it has also lost that too on twitter, the price ought to have drastically drop dead, but not, which means that what is keeping bitcoin value is the usefulness. We need not invest on such currency even on the trading platform as a short term investment as well because it may goes to any direction at any time...
People are really using this system for so many transactions against the fiat that I believe are even a bubble, the technology of bitcoin is really genuine and being used by various people for real operations and not just for investment and manipulation as people think. Adoption will gradually keep increasing, so as investment in the coin will keep increasing also even if it is slow but steady.
well, i personaly dont believe any statement with who says btc is bubble.
but well, according to some fact, since price has drop suddenly, mostly general people will think it bubble,
from 19k drop to 9k just about 2 month's. but they dont know what exactly happen, money loundrying, ICO , is happened on that time, and many magazine release that news but it seems people don't want to change their perception about btc.
but well, according to some fact, since price has drop suddenly, mostly general people will think it bubble,
from 19k drop to 9k just about 2 month's. but they dont know what exactly happen, money loundrying, ICO , is happened on that time, and many magazine release that news but it seems people don't want to change their perception about btc.
OP has put the graph that describes a bubble, if we see the Bitcoin graph, we can analyze it that has already fulfilled its fundamental phases: Accumulation and Distribution.
After the Distribution phase, we have been fulfilling the Accumulation phase almost entirely, a few months ago until today I think that an impulse can be generated to go to a bullish trend phase or a possible stage of Re-accumulation.
Until now, reviewing the degree of operations generated in the Bitcoin market, we could not think of a bubble, because there are many operations generated every day 24 hours, so a market like this cannot eliminate it, according to Malkiel Burton, author of "A random walk of Wall Street "can not eliminate the castles in the air of people, because it is a lot of money that the Strong Hands would stop winning, and taking into account that the adoption of today's Bitcoin is increasing, more organizations and countries want to participate With your own projects, it makes it less likely to be a bubble.
After the Distribution phase, we have been fulfilling the Accumulation phase almost entirely, a few months ago until today I think that an impulse can be generated to go to a bullish trend phase or a possible stage of Re-accumulation.
Until now, reviewing the degree of operations generated in the Bitcoin market, we could not think of a bubble, because there are many operations generated every day 24 hours, so a market like this cannot eliminate it, according to Malkiel Burton, author of "A random walk of Wall Street "can not eliminate the castles in the air of people, because it is a lot of money that the Strong Hands would stop winning, and taking into account that the adoption of today's Bitcoin is increasing, more organizations and countries want to participate With your own projects, it makes it less likely to be a bubble.
Compare the price of bitcoin now is low than last last year last 2017 there's a big bubble on bitcoin and many people are buying that time. So when bitcoin goes down many people also cry because of there big lost. So now many are holding bitcoin and waiting again for the price bubbles.
What if the future price of Bitcoin goes much higher than its ATH on 2017 and become stable all through out? Would you consider it a bubble? Bitcoin being a bubble or not is subjective depends on how we view it. As long as Bitcoin is gaining value, trading actively and have a huge demand from the market, we will never consider it as Bubble. Price of Bitcoin last 2017 can be considered bubble until it is broken by another Bitcoin price bubble.
Bitcoin :
Quote
bit·coin
/ˈbitˌkoin/
Learn to pronounce
nounTRADEMARK IN UK
a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.
"bitcoin has become a hot commodity among speculators"
/ˈbitˌkoin/
Learn to pronounce
nounTRADEMARK IN UK
a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.
"bitcoin has become a hot commodity among speculators"
Bubble:
Quote
Bubble (physics), a globule of one substance in another, usually gas in a liquid
Can't find Bitcoin on that bubble nor bubble on that Bitcoin.
Then why do we keep on saying Bitcoin is a bubble, why not say Bitcoin price is a bubble? 
Bubble always goes to burst when there is so hype for any cryptocurrency it will be reach bubble as burst.
We need not invest on such currency even on the trading platform as a short term investment as well because it may goes to any direction at any time...
We need not invest on such currency even on the trading platform as a short term investment as well because it may goes to any direction at any time...
There are too many bubble theorist that keeps on saying that bitcoin is just a bubble because of its price continuing to soar higher and higher, yes it was a "bubble" I guess, but then the bull's horn made it pop. "Bubble theories are only true if its useful, but it is not" according to the article I've read regarding about bitcoin that is not a bubble. Those people who are saying that it is just a bubble is just preventing you to buy it, if you believe them, then your mind will become bubble while witnessing the bitcoin's another bull run that will make another ATH price.
Compare the price of bitcoin now is low than last last year last 2017 there's a big bubble on bitcoin and many people are buying that time. So when bitcoin goes down many people also cry because of there big lost. So now many are holding bitcoin and waiting again for the price bubbles.
Yup agreed. If you notice the market capital of bitcoin it seems that there are so many people holding bitcoin and they are just waiting for the right time I guess or maybe some of them believes that bitcoin would be revolutionary. Bitcoin can be revolutionary but it requires time. Bitcoin is not a bubble for me. There were just some problems right now that needed to be fix in order for bitcoin upgraded in the next generation. I believe bitcoin can change everything. 
That pattern is called speculation pattern, for every dive there is a rising point. This is common for famous and useful cryptocurrencies, known and support by many. As bitcoin compared to bubble is a huge question why it didn't explode when it reaches a highest price in history and now sitting on its $8000 to $10000 average price. Bitcoin is already a thing a now, it is very impossible for it to say goodbye and be a memory. Mass adoption is on process, let us see if this topic will be ask out again.
I have to say, within speculation, this is the first time I've heard of speculation pattern;) When we say common, we only actually really have the past few years of history to say it. Maybe in another 10 years we can say it's not common if Bitcoin suddenly goes up and up and up and hardly ever down?
Anyway, Bitcoin did explode! It just didn't disappear and another bubble is rising. Normal for stocks, normal for other assets too:)
Jump to: