Main reason think bitcoin is a bubble because the price increased in a too small time frame, I assume that a large percent from the people who admits that bitcoin is a bubble do it because they are upset that they didn't buy it at the right time and now they have to pay much more for the same bitcoin.
Also one of the main reasons that bitcoin is being considered a bubble is because most of it's investors are not users but speculators.
Topic: why people think that bitcoin is buble coin ? - page 4. (Read 557 times)
after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?
They are calling bitcoins value a bubble because of its volatility. All market based value currency is always prone to bubble since it is volatile. When the price goes up and suddenly it goes down then we have a bubble popping. But that is very normal to bitcoin and if you are a long term holder that is no problem but if we talk about day trading then you are in deep trouble if a bubble occurs.
P.S.: Bitcoin is not a bubble coin, its just a matter of perspectives and time!!
Essentially what it boils down to is that people are ignorant and whether it is selective or not it doesn't matter. They simply don't understand Bitcoin and what it is about and are quick to jump to compare it to tulips or the dot com era. Sure you can compare them a bit, but this is anything unlike what we have seen before and that is why I don't think the comparisons make any real sense here.
People trust media and experts. If they tell that Bitcoin is a bubble, a lot of people will agree with this information. But if government or somebody with large authority will tell that BTC is new kind of money, they also will believe in that. People are laze and don’t want to check facts by themselves…
Because of the value they rise abnormally. People are afraid to hold them. But I believe BTC is a secure coin and sustainable development in the future. Be sure to invest in BTC. Do not worry too much.
The restaurant is not exposed to a bitcoin bubble because customers pay via an app that takes on the risk by instantly converting bitcoin payments into pounds on behalf of the shop. But he likes the lower cost it brings to processing sales, unlike the “crazy fees” charged by credit card companies.
“I love that it’s outside the banking system, but I have concerns,” he says. “You see everyone piling in and the concern is that it’s going to be artificially inflated. I would treat it like a game – it’s shot up so much, and what goes up must come down.
“I love that it’s outside the banking system, but I have concerns,” he says. “You see everyone piling in and the concern is that it’s going to be artificially inflated. I would treat it like a game – it’s shot up so much, and what goes up must come down.
Bitcoin is a digital currency, also known as a cryptocurrency, that emerged after the financial crisis and is not underpinned by a central bank. It allows people to bypass banks and traditional payment methods for goods and services – an idea that has evidently caught the imagination of some investors, because its price has surged by more than 900% in 2017. Bitcoin – created by “miners” who use high-powered computers to solve complex mathematical problems – must be stored online using a digital wallet, and can be bought or sold using exchanges such as Bitstamp, Bithumb and Kraken.
Bitcoin is the fastest-growing asset in the world this year, but the virtual currency does not appear to have many users in London’s tech district. It has been more than a month since
bitcoin was used to buy a flat white or craft beer sold at the Old Shoreditch Station, according to the hospitality manager at the east London bar.
bitcoin was used to buy a flat white or craft beer sold at the Old Shoreditch Station, according to the hospitality manager at the east London bar.
bubble does not mean empty. fake..
eg. houses are real things that people live in, house prices are naturally expected to increase, but there have been housing bubbles
in short.
look at the last 12 months.. find the LOWS of crtain periods in that time. and draw a line. the lows are considered the real value..
then when you see a unnatural spike up in the price that is a bubble
but just calm down, as i said bubbles happen everywhere like houses, but houses will always exist
eg. houses are real things that people live in, house prices are naturally expected to increase, but there have been housing bubbles
in short.
look at the last 12 months.. find the LOWS of crtain periods in that time. and draw a line. the lows are considered the real value..
then when you see a unnatural spike up in the price that is a bubble
but just calm down, as i said bubbles happen everywhere like houses, but houses will always exist
This is right in chart technical analysis, But I believe that bitcoin was excepted to the general rule since BTC is ground breaking technology and it is normal that it will show some abnormal price hike. People see what the future of bitcoin that's why many invested. It will always be a bubble if we look back in initial price of BTC always and not the future use of bitcoin. It's up to the person perspective if it's a bubble or not.
after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?
Their point of view about bitcoin is different they see it as an asset for investment. Many followed their footsteps and suffer.
Because they believe in FUDs too much and they do not know much about bitcoin. Bitcoin uses blockchain technology that is very much in demand right now. Many countries are adapting to this kind of technology which is why I believe that bitcoin's life span will be longer. It may not replace fiat money but it will surely have a place in business world.
For me those people saying it dont have a deep knowledge about what bitcoin is and how it works, but if they try to study crypto there is a possibility for them to change their minds.
First of all, like Franky said, anything can become a bubble. If it grows too fast for too long, it becomes a bubble.
Now, Bitcoin is deflationary and was undervaluated for way too long. This already gave the chance Bitcoin get a high pricing. Being deflationary, by getting used by more entities, the price has to go up anyway. Most economists may not really understand such deflationary asset and will call it a bubble even when is not.
However, the history tells that what happened in November-December with Bitcoin may have been indeed a bubble.
This will happen again because the price has to rise anyway and probably, sooner or later will trigger again gold rush-like behavior (FOMO). History goes in circles.
All in all, Bitcoin will rise, as an average. If bubbles will be involved, we'll see again high rises, big drops and so on.
Now, Bitcoin is deflationary and was undervaluated for way too long. This already gave the chance Bitcoin get a high pricing. Being deflationary, by getting used by more entities, the price has to go up anyway. Most economists may not really understand such deflationary asset and will call it a bubble even when is not.
However, the history tells that what happened in November-December with Bitcoin may have been indeed a bubble.
This will happen again because the price has to rise anyway and probably, sooner or later will trigger again gold rush-like behavior (FOMO). History goes in circles.
All in all, Bitcoin will rise, as an average. If bubbles will be involved, we'll see again high rises, big drops and so on.
Because of the price is mooning. people says it will bubble.
But the fact bitcoin market is growing so fast and it will be a future one day
But the fact bitcoin market is growing so fast and it will be a future one day
after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?
For yes bitcoin is a buble currency its not like a real state like dollar and euro. But maybe in the future it will be real but for now its still a bubble. I dont know but for me and other expert says that anytime bitcoin will pop just like a buble so be wise on your invest
Those who call bitcoin a bubble, also think that bitcoin is a useless thing. They don't know the blockchain technology . They don't know the advantages. They think every thing which is valuable should be physical. They cannot imagine something to be valuabe but with no physical shape. Another reason is that bitcoin is not being widely used.
I have seen many people think bitcoin price is a bubble. After any small fall in price they are proud that they were right. But they are always wrong.
I have seen many people think bitcoin price is a bubble. After any small fall in price they are proud that they were right. But they are always wrong.
bubble does not mean empty. fake..
eg. houses are real things that people live in, house prices are naturally expected to increase, but there have been housing bubbles
in short.
look at the last 12 months.. find the LOWS of crtain periods in that time. and draw a line. the lows are considered the real value..
then when you see a unnatural spike up in the price that is a bubble
but just calm down, as i said bubbles happen everywhere like houses, but houses will always exist
eg. houses are real things that people live in, house prices are naturally expected to increase, but there have been housing bubbles
in short.
look at the last 12 months.. find the LOWS of crtain periods in that time. and draw a line. the lows are considered the real value..
then when you see a unnatural spike up in the price that is a bubble
but just calm down, as i said bubbles happen everywhere like houses, but houses will always exist
Probably because BTC is stored in a computer network, people can't see it!
They don't understand the meaning of blockchain technology!
And without the country's credit support, many people don't believe in BTC!
They don't understand the meaning of blockchain technology!
And without the country's credit support, many people don't believe in BTC!
As long as people see Bitcoin as an investment (asset) and not for what it truly is, Bitcoin will be bubble. When people start using Bitcoin as an currency, price will stop being so volatile and bubbles will stop appearing. So with what Xester said and what I said, I guess you can understand why Bitcoin is considered to be a bubble, even for so long as 10 years.
after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?
They are calling bitcoins value a bubble because of its volatility. All market based value currency is always prone to bubble since it is volatile. When the price goes up and suddenly it goes down then we have a bubble popping. But that is very normal to bitcoin and if you are a long term holder that is no problem but if we talk about day trading then you are in deep trouble if a bubble occurs.
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