Topic: Why does certain people called Bitcoin as bubble investment? (Read 446 times)

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Certain people called bitcoin a bubble because they compare it to assets, commodities, etc. that massively dropped its value in market history. It is also possible that they just know bitcoin is being traded and do not understand the whole concept of it. They fear what they do not understand. It is somewhat true that compared to previous bubbles, bitcoin has most of the definitions of a bubble, but bitcoin is entirely different than all these assets because it is a revolution in payment system leading to technological advancement towards the digital economy.

for me its simple.
IGNORE the high price and the "all time HIGH"..
instead look at the all time LOW
draw a line.. and that there is your resistant point. anything that goes stupidly above that in a short period has a higher risk of tumbling back down to the resistance point. but the resistance point is your safety net

Bubbles are incredibly difficult to pinpoint. Only in hindsight does it become clear.

Look no further than Bitcoin in 2013. Bubbled up to $1200 and popped down to under $200 thanks to Mt Gox. In the rear view mirror it appears obvious. At the time, it wasn't. Lots of the sentiment you hear now is exactly the same as what was being thrown around back then.

I'm not saying we're in bubble territory, but I'm not naive enough to dismiss the idea completely. What happens if China government regulation comes down hard? What if it comes out that Bitfinex is conducting massive fraud? These things could cause this to come tumbling down really quickly.

Being skeptical of current valuation after a 10X run-up in less than a year isn't necessarily a bad thing. Being blindly loyal is.

Not only that but because they are generally vested in the traditional finance world that creates a bias and at the same time they generally don't want to see cryptocurrency succeed because it is the competition. Now the smart people would embrace it because they realize the change is good and that they can't stop it, but there are some ignorant people out there who are dead set on calling it a bubble until it pops, or goes to 1 million. They will not stop in between now and then, you watch.

These people are judging bitcoins without doing any research about it. Do not worry about them, you cannot convince everyone.

There thinking is affected by past schemes that had similar behavior. They could not digest that people were able to double or triple their money in few months with bitcoin investment.

Maybe those cerain people they have said that they call bitcoin as a bubble investment it is because it boom and their is a times the investment is gone without notifying that will be their observation. But for me that is part of the business that you are involved. The struggle that you are in today for the bitcoin that will be your strenght to be develop for tomorrows success.

I think that people who say that bitcoin is a bubble, are partially right. But this applies to all cryptonyms. The price for a token is very large.

When some people don't understand the currency, they think the bitcoin have no intrinsic value, but it is now the price is very high, the currency has also been banned in many countries, so they think the currency's investment bubble

This is due to the fact that bitcoin as a bubble, it inflates, then falls. Just like the bubble puffs and descends. This says that bitcoin is unstable. But, I think, this year, there is nothing to worry about.

true. That is their definition of bubble and bitcoin is actually like a bubble because of these repetitive cycle but despite that , many people are still believing on bitcoin because they can still earn a profit even if they know that the value of bitcoin is too volatile. rather they only use it as an adavantage , they do buy bitcoin when the price is low and they sell it whenever the price pump or increases. people who call Bitcoin as a bubble are actually a bitcoin enthusiast and they also invest in bitcoin.

So until now I have heard people calling bitcoin a ponzi scheme, pyramid and also bubble. I don't believe any of these

In my own opinion, i think people called bitcoin as a bubble investment becauses like a bubble it can grow multiple times,
It can be sometimes big and can be sometimes small. But like a bubble it can also bursts.
When the bubble is too big it will reach its higher pick and then burst, like what happen to bitcoin when it reached its highest pick last year, the next week after reaching it, big drop occurs.

I think certaine people called bitcoin as s bubble investment because they do not have enough knowledge in bitcoin. All we know that bitcoin is like a business and before dealing with it or in any types of business you need to conduct study or learn it before you invest to prevent loss. If you are have lack of knowledge a big chance that your investment will be bubble investment or as simple as you are going to lose or disappear your investment in one blink of your eye like a bubble so they called it a bubble investment.So to avoid your investment to become bubble investment you must study or learn before investing.

It is quite natural, any new project, idea, technology always has followers and opponents. In the case of Bitcoin the same, but many Bitcoin opponents who call it a bubble simply do not know about Bitcoin enough and do not understand the blockchain technology on which it is based. Even most rich and powerful people do not know about Bitcoin enough. The head of the American holding company Berkshire Hathaway, one of the richest people in the world, Warren Buffett, said in an interview with CNBC, which was published on January 10 that he sees prospects in Bitcoin and other cryptocurrencies. "In terms of cryptocurrency in general, I can say almost certainly that they have a bad ending, when it happens or how, I do not know," but he added that he did not know what the cryptocurrency is. But there are people who know in the blockchain technology who give more reasoned forecasts of the Bitcoin price, for example, the American investor and the founder of the hedge fund Morgan Creek Capital Management Mark Yusko in an interview with Bloomberg News explained why he believes that in the long term Bitcoin will cost $ 400 000. The expert announced his new forecast in November. Before that, he called two figures: $ 1 million in the future for 10 years or more under the best scenario and $ 500,000 for a more conservative view. In the interview, the first question was Bitcoin versus blockchain technology, to which Yusko immediately replied that "Bitcoin is a blockchain", and he called the idea of ​​allowing only one of them to be illogical. Then he answered a question on the forecast, comparing Bitcoin with gold: "It's just math. Bitcoin is the equivalent of gold. To date, about 20 million Bitcoin are available. Capitalization of the gold market is about $ 8 trillion. This gives you $ 400,000. And this does not include the use cases related to the currency. "He also believes that Bitcoin instills fear in the hearts of bankers, as it eliminates the need for banks. When transactions are verified in blockchain banks become unnecessary. "All the bankers must be afraid to death. Bitcoin can eliminate the need for banks as a trust... It can also destroy the banking sector in the form that we know, "said Yusko.

Probably, they don't have opportunity to buy it) and not competent in this field!

Agreed. Those who don't know much about Bitcoin and the persons outside of crypto market spreads Bitcoin as bubble, actually share market is also a bubble some times but they won't say that as bubble and instead call it as bullish. Old traditional share market is out dated now and the future is crypto market or Bitcoin and there's no such bubble here and everything is real.

Mostly these statements are coming from financial analysts specifically traders from stocks exchange, from what i am seeing from cryptocurrency it is a great threat for that market since they almost works the same i think they somehow acknowledge the presence of bitcoin and they want to make a fud out of it. Bitcoin is not a bubble investment, people are still in denial phase since it grows a lot in the past year and a price of a piece is unbelievable for something that is not physically present in this world.

There are a lot of them who called bitcoin as a bubble, most of them is worked in any Government specially the media. When we say bubble, it will burst and disappear. That is how they called bitcoin. However this rumor is not yet been proven since the bitcoin was created in 2009. In fact there are already a lot of people who started to loved and adopted bitcoin, because of, it is really profitable and usable, valuable, because of, it has a limited supply and being usable and most of all, popular.