some of them are just stupid and do not know how the blockchain system works. they say bubbles, they say ponzi, they say fraud, and also they say hype.
and some they do to make the bitcoin value fall, and when it falls they can buy more bitcoin and they can control the bitcoin value.
Topic: why people think that bitcoin is buble coin ? - page 2. (Read 574 times)
This could be because the last bull market had a lot of characterisitics of a bubble but when the price finally came down, bitcoin didn't crash and that was what showed people that it wasn't a bubble.
after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?
Because people are not really smart, if they were really smart then all the people around the world that are able to access the Internet should have adopted bitcoin already and fiat currencies should have crashed already and will be living in the world were bitcoin is the dominant currency, sooner or later they are going to realize their mistake and are going to regret not investing in bitcoin when they could.
Because bitcoin dont produce any prduct and their price icrease fast with the apparent money from air
after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?
Bitcoin is currently the most developed currency in many countries, but in the future, this currency will fluctuate in the current market Bitcoin is still holding a maximum price, there are In the future virtual currency will change the living environment of investors as well as change the world. 
Such a huge increase in price without any intrinsic value is termed as bubble. Usually in traditional economic models, if an asset is backed by nothing and is still is appreciating, then it is an economic bubble and will eventually burst as it cannot sustain its value in long term as demand needs an utility. Bitcoin so far lacks utility and the price is mainly being driven by the speculations. Since, supply is limited, price is expected to appreciate in long term as the craze for cryptocurrency is still in its initial phase. But if Bitcoin fails to find an use case, the bubble may actually burst.
People are mostly under the impression it's a bubble when they first hear about it and see the price going up so high and then collapsing. Usually they don't bother to look it up anymore after that since in their mind "the bubble has already burst".
We on the other hand who have know btc for longer knows that it can be quite volatile and that usually after correction the price slowly climb back again.
We on the other hand who have know btc for longer knows that it can be quite volatile and that usually after correction the price slowly climb back again.
But when the price is rising up and fast, we can expect it to fall as fast as it grew, right. Which mean that, in moments like that Bitcoin is a bubble. It value in moments like that is just pumped by hype or whatever, we know it will burst and fall down to its more realistic price. So I guess its wrong to see Bitcoin as one big bubble, but still smaller bubbles happen from time to time. I hope that what I said make sens to you.
I guess what we should clarify with onlookers is that bitcoin itself is not a bubble but have bubble-like tendencies to go on a hike and then drop down dramatically. If they'd see this as a feature of the system (being highly-reliant on supply and demand) then they probably wouldn't be much bothered and accept it as part of getting to handle bitcoins.
Hi,
People keep thinking it is a bubble for two main reasons:
- The curb of prices and trends that you can observe, always look like those of already well-known bubbles. Over the long term, you can always show the similarities.
- The previous bubble that have bursted, have left painful memories. During the subprime crisis or with the tulip crisis, people have lost their house. Entire families have been completely destroyed. This is quite worrying, and mass media perfectly know that. SO if they want people to be afraid of bitcoin, they enhance this "bubble" aspect!
I personnally think that we can't know. Just because unlike all previous crisis, bitcoin is nothing tangible. There is no measurable asset related to it.
People keep thinking it is a bubble for two main reasons:
- The curb of prices and trends that you can observe, always look like those of already well-known bubbles. Over the long term, you can always show the similarities.
- The previous bubble that have bursted, have left painful memories. During the subprime crisis or with the tulip crisis, people have lost their house. Entire families have been completely destroyed. This is quite worrying, and mass media perfectly know that. SO if they want people to be afraid of bitcoin, they enhance this "bubble" aspect!
I personnally think that we can't know. Just because unlike all previous crisis, bitcoin is nothing tangible. There is no measurable asset related to it.
Because many people think the value of bitcoin exceeds its true value, bitcoin can also be attacked by hackers, if the number of hackers who successfully steal Bitcoin increases, the belief in This virtual currency will no longer, leading to a collapse in value. Countries that are not in favor, governments want to tighten control over this virtual currency, at least on their territory.
The notion of inflation to bitcoin will not occur if a 10-year selection is used as a currency. However, now bitcoin is only used as a digital asset for either long-term or short-term investment options. Therefore, if we do not want to happen the bubble continues to change the way we think of using bitcoin as currency or payment method.
it can be considered as bubble coin because bitcoin cant mantain its stable price for a long time and can pop anytime...as you can see in these months,bitcoin pumped almost at $20k and then dumped to $6-5k....i think bitcoin will keep like this way til the end
I think that a very small number of people consider bitcoin a bubble.
This is rather an imposed opinion from the TV screens and from articles of various information sites.
My opinion is that such thing as a bubble does not exist. This term was invented in order to state a fait accompli. Any financial instrument can turn into a bubble. The basis of the cost of any currency is the trust of people. If there is a massive drop of assets will not stand any currency or Bank. This is rather an imposed opinion from the TV screens and from articles of various information sites.
its not actually a characteristic of a bubble.. that when its big enough it will pop.. i prefer say it. its a wide and big ship can transport you from one idea to another. cause bit coin is so flexible in terms of transaction specifically money transactions
I think that a very small number of people consider bitcoin a bubble.
This is rather an imposed opinion from the TV screens and from articles of various information sites.
This is rather an imposed opinion from the TV screens and from articles of various information sites.
after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?
For 2017 year BTC was pumped since 1k till 20k $ and then was dumped till 6k $. Of course, it seems as bubble coin from one side. So that is answer for your question
Some people think bitcoin is bubble coin because the value is volatile and it changes from time to time so they think that bitcoin may be gone like a bubble but I do believe that bitcoin will never end because it is not onwed by government and many people are still believing and investing on it.
after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?
i don't know why, this is bother me too. If bitcoin was a bubble, bitcoin wouldn't be last until now.
Peoples may think bitcoin is a bubble because the price has gone very high from past years.
Most people tend to believe that it is a bubble, do not want to understand what it is and what it is eaten with. And if they began the study they would come to the conclusions that it is rather a needle to the bubble standard of money.
because they think that after bitcoin high, so, will die forever. their minds are narrow and they do not see spreading of bitcoin, fluctuations and other factors that can make bitcoin survive for a long time.
and many people say that bitcoin is a bubble, but they are investing in altcoin.
very strange.
and many people say that bitcoin is a bubble, but they are investing in altcoin.
very strange.
These rumors are forming when bitcoin is depreciated..People want the price to rise without ever falling..This is impossible.
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