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.
That is the fact and some people says it's a bubble and own my point of view I think it's not true. Bitcoin is a cryptocurrency and unlike fiat, its value is volatile so it may rise or fall from time to time but doesn't mean that it is a bubble. I do believe that bitcoin will last long so that many people will be able to earn from it. 
Topic: Why Bitcoin is not a bubble! - page 3. (Read 548 times)
People who are calling Bitcoin a bubble are funny. They make us laugh because while they are babbling about Bitcoin as a bubble, the price is constantly rising. The bubble gets bigger and bigger and shows no sign of bursting. For sure many of those bubble gangs are already realizing that they better buy Bitcoin instead rather than throw mud at it because they cannot really pull the reputation of Bitcoin down, not even its price. Those who stick to calling Bitcoin a bubble are people who are too late to buy a decent amount because of the rising prices. These are the people who are full of regrets.
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.
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.
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.
People really need to start looking at charts using the logarthmic scale instead of the linear scale. For something that has periods of exponential growth, like crypto, a linear chart hides much of the history. Ups and downs prior to an exponential growth phase just get reduced to flat lines, and so the linear chart doesn't tell the story of what actually happened. All you see is what has happened in the latest cycle.
For anyone who thinks bitcoin is a bubble: go to CMC, look at the charts over all time, and then crucially switch it from linear to log view. Voila. The growth pattern is as plain as day.
For anyone who thinks bitcoin is a bubble: go to CMC, look at the charts over all time, and then crucially switch it from linear to log view. Voila. The growth pattern is as plain as day.
The issue of Bitcoin being called a bubble is not only an issue about its price. The issue of Bitcoin as a bubble goes beyond that. For example, the claim of Bitcoin being a currency is also used as to support the bubble arguments. Detractors are saying that Bitcoin cannot last long enough or even become fully a currency because of its very features. Another argument is its being a bubble asset. It is defined as a sort of fad or trend that is in demand for quite a short span of time only but will eventually burst.
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.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.People really need to start looking at charts using the logarthmic scale instead of the linear scale. For something that has periods of exponential growth, like crypto, a linear chart hides much of the history. Ups and downs prior to an exponential growth phase just get reduced to flat lines, and so the linear chart doesn't tell the story of what actually happened. All you see is what has happened in the latest cycle.
For anyone who thinks bitcoin is a bubble: go to CMC, look at the charts over all time, and then crucially switch it from linear to log view. Voila. The growth pattern is as plain as day.
For anyone who thinks bitcoin is a bubble: go to CMC, look at the charts over all time, and then crucially switch it from linear to log view. Voila. The growth pattern is as plain as day.
The issue of Bitcoin being called a bubble is not only an issue about its price. The issue of Bitcoin as a bubble goes beyond that. For example, the claim of Bitcoin being a currency is also used as to support the bubble arguments. Detractors are saying that Bitcoin cannot last long enough or even become fully a currency because of its very features. Another argument is its being a bubble asset. It is defined as a sort of fad or trend that is in demand for quite a short span of time only but will eventually burst.
People really need to start looking at charts using the logarthmic scale instead of the linear scale. For something that has periods of exponential growth, like crypto, a linear chart hides much of the history. Ups and downs prior to an exponential growth phase just get reduced to flat lines, and so the linear chart doesn't tell the story of what actually happened. All you see is what has happened in the latest cycle.
For anyone who thinks bitcoin is a bubble: go to CMC, look at the charts over all time, and then crucially switch it from linear to log view. Voila. The growth pattern is as plain as day.
Actually this is untrue. Linear charts are equally helpful especially when you want to trade upon Cryptocurrencies. Generally is shorter time frames you won't see much deviation between a linear chart and a logarithmic chart but on longer time frames you will see that logarithmic chart gives an idea of overall trend but linear chart is helpful to tell the important support and resistance levels of markets along with some important breakouts too. Both have their own importance and one cannot undermine the importance of the other. For anyone who thinks bitcoin is a bubble: go to CMC, look at the charts over all time, and then crucially switch it from linear to log view. Voila. The growth pattern is as plain as day.
People really need to start looking at charts using the logarthmic scale instead of the linear scale. For something that has periods of exponential growth, like crypto, a linear chart hides much of the history. Ups and downs prior to an exponential growth phase just get reduced to flat lines, and so the linear chart doesn't tell the story of what actually happened. All you see is what has happened in the latest cycle.
For anyone who thinks bitcoin is a bubble: go to CMC, look at the charts over all time, and then crucially switch it from linear to log view. Voila. The growth pattern is as plain as day.
For anyone who thinks bitcoin is a bubble: go to CMC, look at the charts over all time, and then crucially switch it from linear to log view. Voila. The growth pattern is as plain as day.
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. 
I think both the currencies are made of thin air.
Wrong,bitcoin is not made out of thin air,it were mined by the miners ad got the instrinsic value as well.Proof of work is the electricity we are using to mine the bitcoins.We can't compare this with printing money because cost for printing $100 is not anywhere near its value and could be same as printing $1.
Gold was used as curreny too but the convenience and physical mass of gold moved the civilization to choose a paper as money.
I think both the currencies are made of thin air.
Wrong,bitcoin is not made out of thin air,it were mined by the miners ad got the instrinsic value as well.Proof of work is the electricity we are using to mine the bitcoins.We can't compare this with printing money because cost for printing $100 is not anywhere near its value and could be same as printing $1.
Gold was used as curreny too but the convenience and physical mass of gold moved the civilization to choose a paper as money.
I think both the currencies are made of thin air.
Wrong,bitcoin is not made out of thin air,it were mined by the miners ad got the instrinsic value as well.Proof of work is the electricity we are using to mine the bitcoins.We can't compare this with printing money because cost for printing $100 is not anywhere near its value and could be same as printing $1.
Bitcoin was in bubble status in 2017. No doubt. It's not a bubble though. It just experienced a short burst of bubblish tendencies. Tulip mania also is not real. look up the real history of it and you will find that the accounts are taken from a few extremely biased sources. But as always, don't take my word for it. DYOR and BYOB.
The perfect example of a bubble is the dot com boom during the late 1990s, which peaked on 1999/2000. At that time, the technology stocks that underwent spikes in NASDAQ can be classified in to two types. The first type comprises of stocks such as Yahoo, which never recovered from the bust. Yahoo managed to survive for a decade or two, but most of the stocks got delisted almost immediately. The second category comprises of stocks such as MSFT and AMZN, which despite suffering heavy losses during the bust managed to recover and give good returns to those investors who held on to these stocks. The recovery by AMZN was remarkable. The prices crashed by more than 95% during the year 2000 (adjusted prices from $113 to $5). But then it gave returns of almost 350x (35,000%) during the 2000-2019 period.
Now the question is whether we should compare Bitcoin with Yahoo or Amazon. IMO, it resembles more like the AMZN stock.
Now the question is whether we should compare Bitcoin with Yahoo or Amazon. IMO, it resembles more like the AMZN stock.
This is how a bubble looks defined with different phases. Here is the example of the dot com bubble which went exactly like this:
source: wikipedia
source: wikipedia
Why you ended dot com bubble at 2003? We are in 2019. Add missing 16 years and see what a bubble dot com companies are right now.
And what about the fact that in economically disadvantaged countries, bitcoin is highly popular and in demand, and used as an alternative means of payment? This is obvious, in my opinion, proof that bitcoin is not a bubble.
I think both the currencies are made of thin air.
Wrong,bitcoin is not made out of thin air,it were mined by the miners ad got the instrinsic value as well.Proof of work is the electricity we are using to mine the bitcoins.We can't compare this with printing money because cost for printing $100 is not anywhere near its value and could be same as printing $1.
People who cannot understand the idea of introduction of decentralized payment system still saying it as bubble but the fact is bitcoin keeps raising after a fall that we could imagined that it will bump again so bitcoin got its own way of adopting to the economic system for that people will take time to understand.
Rightly said, people don't realize the intrinsic value of BTC due to which it was at a sudden surge. I agree that $19K was an overbloated price for any digital currency at time. But with advent of time bitcoin has shown that it is still useful which means it can be used as a mainstream method of settlement after some improvements.
Even some economists saying that bitcoin can be made out of thin air so people who want to invest on bitcoin will face losses.After seeing those article I can't be able to control my laugh.
I would say there was definitely a mania phase. And it was quite obvious.
Bubble in general is a very overused therm. Today every single thing that significantly gains in value, immediately gets called a bubble.
But in fact only the tulip mania represents a true bubble, with its rapid inflation and sudden burst, only this one matches the definition.
The rest are either a mania, hype or temporary enthusiasm driven by fortunate regulations. Nevertheless that's a good analysis, interesting and thought provoking. There is also the main difference between all of those examples and bitcoin, it is the quantity.
Only bitcoin has a hard, unbreakable limit.
Bubble in general is a very overused therm. Today every single thing that significantly gains in value, immediately gets called a bubble.
But in fact only the tulip mania represents a true bubble, with its rapid inflation and sudden burst, only this one matches the definition.
The rest are either a mania, hype or temporary enthusiasm driven by fortunate regulations. Nevertheless that's a good analysis, interesting and thought provoking. There is also the main difference between all of those examples and bitcoin, it is the quantity.
Only bitcoin has a hard, unbreakable limit.
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