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..
Topic: Why Bitcoin is not a bubble! - page 2. (Read 548 times)
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.
Bitcoin is more of a currency than a store of value. It provides anonymous, transparent and fast payment mechanism. Right now, it is infancy stage where people are using it more as a speculative asset than using it for payments and transactions. With more acceptance globally where vendors start accepting it as a payment, its real use case will come in play. Plus, it will double as store of value because deflationary nature. Hence, demand will continue to exist.
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.
Bitcoin is more of a currency than a store of value. It provides anonymous, transparent and fast payment mechanism. Right now, it is infancy stage where people are using it more as a speculative asset than using it for payments and transactions. With more acceptance globally where vendors start accepting it as a payment, its real use case will come in play. Plus, it will double as store of value because deflationary nature. Hence, demand will continue to exist.
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. 
I think bitcoin can not be like a bubble because bitcoin price movements have currents like waves, which means the price of bitcoin when it falls must have a gradual pattern and not directly fall very deep.
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.
There were proofs and evidence and we have seen how Bitcoin has grown so far so I don't think it's right to doubt its capability. Every dip isn't an indication that it could be a bubble because one characteristic of the Bitcoin is being volatile. It still has a lot to do to make the future better. There will always be negative thoughts about Bitcoin but it will surely not affect it as a currency.
Bitcoin is more of a currency than a store of value. It provides anonymous, transparent and fast payment mechanism. Right now, it is infancy stage where people are using it more as a speculative asset than using it for payments and transactions. With more acceptance globally where vendors start accepting it as a payment, its real use case will come in play. Plus, it will double as store of value because deflationary nature. Hence, demand will continue to exist.
My opinion,
Price of Bitcoin is based on speculation.
That is don't have any intrinsic value.
The value is only known by digit, only tech user know it.
So i think that is a bubble!
I don't quite agree with you. Because if this is the reason even gold doesn't has any value after all its just a lustrous piece of metal. But what makes gold so expensive is it's limited supply and infinite demand. If we see in practical sense today it doesn't has that much of a utility as an ornament. So if we look towards the same thing Bitcoin too has an intrinsic value which is based upon the users who are operating in this currency. Price of Bitcoin is based on speculation.
That is don't have any intrinsic value.
The value is only known by digit, only tech user know it.
So i think that is a bubble!
There is a huge difference between paper money versus bitcoin and paper money versus bitcoin. Bitcoin is closer in many aspects to gold than fiat and that is why it is not thin money. Gold can be found on the ground for Christ sake, not anymore since most of the minable ones have been mined and now people are finding very tiny amounts of it but back in the day people literally found it on rivers.
Hence, why I think that bitcoin is closer to gold because right now people are mining 1800 of it but soon that will be 900 and then 450 and will get less and less and eventually will be over 20 million bitcoins which will make sure the selling from miners will go down.
Just because, you can mine it doesn't mean it is from thin air, you spend an effort for it, central banks print money with no effort at all, they just bring 180 billion dollars and give it to banks without any issue, bitcoin is not like that, nobody can print 1 billion dollar bitcoin right away, that doesn't exist.
But that makes it much more away from what it's founder created it to be. It was never created to replace gold Instead was created to replace fiat. Moreover, if it's like gold then I am afraid it could never be used as a mainstream currency.Hence, why I think that bitcoin is closer to gold because right now people are mining 1800 of it but soon that will be 900 and then 450 and will get less and less and eventually will be over 20 million bitcoins which will make sure the selling from miners will go down.
Just because, you can mine it doesn't mean it is from thin air, you spend an effort for it, central banks print money with no effort at all, they just bring 180 billion dollars and give it to banks without any issue, bitcoin is not like that, nobody can print 1 billion dollar bitcoin right away, that doesn't exist.
I think bitcoin can not be like a bubble because bitcoin price movements have currents like waves, which means the price of bitcoin when it falls must have a gradual pattern and not directly fall very deep.
My opinion,
Price of Bitcoin is based on speculation.
That is don't have any intrinsic value.
The value is only known by digit, only tech user know it.
So i think that is a bubble!
Price of Bitcoin is based on speculation.
That is don't have any intrinsic value.
The value is only known by digit, only tech user know it.
So i think that is a bubble!
should people who have a bad opinion about bitcoin must know if it really is there then two years ago it happened but until now that hasn't happened
some of them have begun open their minds to cryptocurrency
some of them have begun open their minds to cryptocurrency
Bitcoin is digital e currency which price control by supply and demand, when many supply without have demand maybe bitcoin price will be down, but if many demand but less supply bitcoin price will higher. All of bitcoin have power in investor's hand when to make bitcoin with higher and lower price.
This is a simple phenomenon that the lower the supply, the higher the demand should be in order to keep prices high of the entity. I don’t understand why people are unable to grasp simple rule for the dumping and pumping of bitcoin. We shall always hold on to our coins especially bitcoin if we want it to recover from dump soon. People don't look at charts and just believe famous people about what bitcoin is and what are its current circumstances and that is why they are led astray by it. Bitcoin ain't a bubble, or at least it has passed that phase and is steadily accumulating more and more reputation as a proper and trustworthy coin to invest in. People rarely realize that bitcoin has held its own after the said bubble period and has started to once again rise above its mean. Trust Bitcoin.
Most people do not know anything about the economy and that is why they rely on what other people say to form their opinion, the truth is that if you look at the charts, a bubble and an out of ordinary growth coming from a new technology may seem like the same but they are not, even the dot com bubble that everyone remembers was not really a bubble in the sense that the market not only recovered years later but it reached new heights and the same will happen to bitcoin if you give it enough time. A bubble in terms of financial market is a when something gets to an all time high and suddenly drops and it never goes up again. If we will apply that meaning of a bubble in bitcoin then it is not valid to call bitcoin as a bubble because bitcoin already die a lot of time but it is still manage to go up and dominate the market so bubble is not the correct term for bitcoin and the right term is volatile.
Bitcoin has ruled crypto currency world for years and all those who are somehow linked to bitcoin or crypto world are aware of the powers of bitcoin. So it would be stupidity to call bitcoin bubble as it is the only coin that touches highest values in crypto kingdom. Bubble is a term good for altcoins that are struggling to make their position in the world of bitcoin. We shall not underestimate the power of bitcoin. Quote
It clearly shows that unlike the other bubbles which burst and moved around their mean after the dumps. BTC is still trying to achieve greater heights and is working pretty fine. Moreover second fact is that even if this was a bubble now that phase is gone and BTC is moving as per it's intrinsic value. So i don't think it's a bubble anymore.
Another note that Bitcoin is different from those dot com bubble or fiat currency bubble is the limited supply and deflationary reward. If we check the properties of the given sample, both of those bubble sample can have an infinite supply. dot com can be created multiple times and paper money can be imprinted without limitations. I guess this property of BTC (finite supply and deflationary reward) save it from being a bubble itself.
I love the bubble stories of bitcoin,it is one thing made bitcoin more renowned that how much it was supposed to be in a decade of its launch.But there is no comparision of bitcoin with actual other bubble since we are still having value for bitcoin and it keep increasing so keep the bubble story away from you to make money for you.
Bitcoin is digital e currency which price control by supply and demand, when many supply without have demand maybe bitcoin price will be down, but if many demand but less supply bitcoin price will higher. All of bitcoin have power in investor's hand when to make bitcoin with higher and lower price.
When I read this, I remember when 2017 BTC was booming because the price went up, there was a political observer in my country who likened BTC to Tulips so he said that BTC was a bubble
The speculators and observers would love to compare something and they get what they wanted, twenty minutes of fame. The price of bitcoin had a big rally during 2017 and you need not necessarily be a genius to understand that there will be a correction because the price went up so fast in a short period of time, but comparing bitcoin to Tulips is just ignorance as they have no idea what bitcoin is all about.BTC is not a bubble at all. Wherever there is a crisis in the economy, the demand, and distribution of Bitcoin growing. The maximum number of BTC is 21 million. In addition, the speed of creating new coins decreases over time. Thus, the growing demand for digital currency is faced not only with a limited amount but also with a constantly falling supply. A comparison of cryptocurrencies and shares of Internet companies is nonsense due to serious differences between assets.
when you say bubble it is good as shitcoins bitcoin will never be shitcoins because it is the all mother of all
The internet is replete with people referring to bitcoin as a “bubble.” They are spreading fear, uncertainty, and doubt galore. They believe bitcoin’s high price spells impending doom, but their criticisms move beyond mere skepticism. It seems like they just hate cryptocurrency. Yet many of these pundits do not fully grasp bitcoin…or even economics. 
People perish because of lack of understanding, and if you look at people that are spreading those bad news, they don’t understand the whole concept of bitcoin, they just heard probably from one of their friends that bitcoin is a scam, bitcoin is a bubble and so on, and then they started carrying the rumor also without verifying the whole thing.We cannot do without having people of such, but we have very strong community too that are solidly behind bitcoin and they are strong to send powerful signal to the world about bitcoin, despite all their fud news, countries are beginning to adopt it, even countries that would not accept it as currency are beginning to legalize it as investment asset, so for those calling bitcoin bubble, they are still much in the dark.
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