Topic: Why economists say Bitcoin a bubble - page 3. (Read 3880 times)
I believe that if the currency, for example, is provided by the economy of the country, then bitcoin is not provided. That is, it is likely that it can be a soap bubble in terms of value, which sooner or later burst.
I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.
I pray that even such thing happens, everyone should not give up hope, but should see it as another chance, and keep on investing no matter what.
Well a bubble is something that might be came from a source and then will become larger and larger from being a small one. After that, it might get larger again and when there will be a time that it will be pop out and will disappear. That is why they compare it to a bubble, we can't predict that it might get lost someday. Yes it is getting bigger but the threat of it, is it might disappear.
Probably they consider the current increasing price of bitcoin is only result of excessive enthusiasm. I think its not like that, bitcoin halving and the limitation of its amount makes the increasing demand of bitcoin influence much on btcoin price. I think they have to reconsiders their state.
I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.
I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.
I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.
I guess, they choose the word bubble, since it has no definite amount due to increase and decrease of its amount time to time.
We cannot guarantee bitcoin surges all the time, which means at any moment based on outside factors from environmental aspects and issues like an instance, of banning cryptocurrencies in a certain nation which significantly slow down its value, The value are constantly fluctuating.
We cannot guarantee bitcoin surges all the time, which means at any moment based on outside factors from environmental aspects and issues like an instance, of banning cryptocurrencies in a certain nation which significantly slow down its value, The value are constantly fluctuating.
I think that economist are considering Bitcoin as a bubble because of it's volatility. Since Bitcoin value only depends on the demand of the market which is mostly played by big players of the cryptocurrency platform, their only goal is to create profit from their created price movement which affects the image of Bitcoin. Also the price of Bitcoin does not have a fair market value which is one of the indicators that Bitcoin is classified as a bubble.
Seriously, those economist need to broaden their horizon when it comes to this industry. Maybe they are reacting that way because it does not fit their preference.
They generally react that way because they don't understand what Bitcoin is about. They aren't trained to understand it, which is why they compare it to tulips and other bullshit. The Economists that I know that actually studied Mathematics as well do understand Bitcoin and other cryptos quite well and are actually fully behind them.It's always the verbal diarrhea type of Economists that speak out against it.
Seriously, those economist need to broaden their horizon when it comes to this industry. Maybe they are reacting that way because it does not fit their preference.
They generally react that way because they don't understand what Bitcoin is about. They aren't trained to understand it, which is why they compare it to tulips and other bullshit. The Economists that I know that actually studied Mathematics as well do understand Bitcoin and other cryptos quite well and are actually fully behind them.It's always the verbal diarrhea type of Economists that speak out against it.
Seriously, those economist need to broaden their horizon when it comes to this industry. Maybe they are reacting that way because it does not fit their preference.
their words have some truth...because no one can guarantee that bitcoin will live long...but we have our own head on our shoulders...we need to consider all options
As far as I know, the last bitcoin that could be mined is around year 2140 so its forever because bitcoin has a cap of 21M only. But it is still long and I don't think that everyone here is still alive by the time the last bitcoin is mined. As for the economist calling it a bubble, they don't have a idea how bitcoin works, how it gained trust by a lot of people and how people are buying something that is purely based on speculation. So for them, it defy the every economic laws or theory out there. A good example is how bitcoin growth in this year alone. What 900% or more? That's unheard of. And as long as bitcoin price continue to climb, make corrections along the way, they will gonna call it a bubble.
their words have some truth...because no one can guarantee that bitcoin will live long...but we have our own head on our shoulders...we need to consider all options
I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.
Most of these so called economists do not even understand how crypto works and then they go to the media to spew the rubbish their head tells them to spew and at the end go to the back to buy in once they are able to mislead their dumb followers.
I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.
Most of these so called economists do not even understand how crypto works and then they go to the media to spew the rubbish their head tells them to spew and at the end go to the back to buy in once they are able to mislead their dumb followers.
you can give economist some bucks, and they will say what you want, not all, but their opinion can affect people to use bitcoin. 
wanna learn bitcoin value, you must jump in there, not only fake theory..
wanna learn bitcoin value, you must jump in there, not only fake theory..
rich people dont want to see other people gaining money that fast as they gave all their time and investment on FIAT just to get on their spot now , and having bitcoin people are easily coping and earning ..
I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.
These economists just want attract attention. Bitcoin in future will become same official currency as many others. Bitcoin of course can explode I agree with this, but for it is necessary that all investors will withdraw money simultaneously, but this will never happen. Even if bitcoin will explode, it will still have value.
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