Bubble is a bad words: anything has a limited duration, so you have only to understand when death is arriving.
Btw, it seems to me that at present moment bitcoin is very healty, so I don't see reason to be worried.
Topic: Why you should worry this is a bubble - page 2. (Read 1759 times)
Another Nobel laureate came out against Bitcoin.
We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.)
However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash: https://www.npr.org/templates/story/story.php?storyId=4679264.
Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now:
So yesterday, Shiller said this exactly about Bitcoin:
This is one guy who when he says something is a bubble, people ought to listen.
Simply because all your moneywill become stome if it happens but i think it wont happen anymore because the total of marketnow in bitcoin and all crypto is so huge so i think no one can destroy it even the goverments we shound need is believe to bitcoin. We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.)
However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash: https://www.npr.org/templates/story/story.php?storyId=4679264.
Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now:
So yesterday, Shiller said this exactly about Bitcoin:
Quote
"Bitcoin, it’s just absolutely exciting. You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true. ... I don’t know where it’s going to stop. It’s going to go way up, like the stock market in the 1920s. We will reach a 1929 eventually. But then it won’t go to zero, it just will come down."
This is one guy who when he says something is a bubble, people ought to listen.
i think he is partly right.
if he is talking about housing bubbles, they have happened many times since the 1920's.
if bitcoin bubble bursts, it will just blow right back up again but like housing, if you own one it is still there after the bubble bursts. its just the "value" that bursts.
1 bitcoin now will still be 1 bitcoin if the bubble bursts
yes tey to read tulip fever i think it would open our mind how we see bitcoin. i. do believe bitcoin bubble is going to explode soon. the value of bitcoin been increasing without any reason. the main reason is too many people believe on bitcoin and think that it will give big profit for them. this is sure will be the next tulip fever.if he is talking about housing bubbles, they have happened many times since the 1920's.
if bitcoin bubble bursts, it will just blow right back up again but like housing, if you own one it is still there after the bubble bursts. its just the "value" that bursts.
1 bitcoin now will still be 1 bitcoin if the bubble bursts
of course the balloon-like rise is terrible because it will break and the price will drop dramatically and very quickly, it is very horrible and will make new people play will lose and feel depressed.
Even if btc is a bubble it is a normal thing when prices are rising people just enter into the train and expect profit without questionning anything why do they increase and as soon as we have uneducated investors we would have so many bubbles.
Let's get something straight here: Even if Bitcoin is in a bubble, it doesn't mean the altcoins are. And if BTC is in a bubble, it's its own fault for not being usable currently. There are plenty of great coins that have better and cheaper transfer speeds than BTC which could easily replace it and reach a higher market cap. This is the fault of BTC and not a bubble per se in my opinion. New people are coming into crypto every day.
It wouldn't be Bitcoin's fault for being a bubble, it would be all the people mindlessly buying it without respect for usability. The fact that it's a bubble isn't Bitcoin's fault, the fact that it has no utility is. It is essentially a bubble because it has low utility. Also, there's a pretty good indication that if Bitcoin is a bubble, all crypto assets are also in a bubble state. Perhaps not as big as Bitcoin, but nonetheless. Bitcoin is still the big one that tends to raise or lower other coins like the tide raising or lowering all boats.
Bubble words simplifies price movement. Being a bitcoiner we should accept what really bitcoin is. The organizers are only manage of what being done in a proper way balance between price and stocks.
Let's get something straight here: Even if Bitcoin is in a bubble, it doesn't mean the altcoins are. And if BTC is in a bubble, it's its own fault for not being usable currently. There are plenty of great coins that have better and cheaper transfer speeds than BTC which could easily replace it and reach a higher market cap. This is the fault of BTC and not a bubble per se in my opinion. New people are coming into crypto every day.
I don't know why people think that bitcoin will go down, all I can see is more investors joining the community which makes cryptocurrency more solid.
I will only listen to people providing reosonable arguments and not to those spreading predictions.
The cryptocurrency market will remain for long time, and the wise thing is to profit from it not just wait for it to vanish.
I will only listen to people providing reosonable arguments and not to those spreading predictions.
The cryptocurrency market will remain for long time, and the wise thing is to profit from it not just wait for it to vanish.
More people are getting into crypto, but not necessarily Bitcoin. Bitcoin's percent dominance has been on a steady decline for some time now. That means more money is coming into crypto as a whole but going to other alts more than it is to Bitcoin. Bitcoin's network has become a joke. Transactions are slow and expensive. It is increasingly obvious that a flippening will happen. There are many alts that are better at being Bitcoin than Bitcoin is, so it really seems it's only a matter of time. ETH, XRP, BCH and LTC are the most likely alts to pass Bitcoin in market cap, and it may come as soon as 2018.
Bitcoin is the most popular among the cryptos and a lot of investors want to get involved even when they only have minimal knowledge on bitcoin or cryptos. A lot of altcoins have potential such as bitcoin does and investors should consider to expand their investments.
Even those who claim that bitcoin is a bubble don't even know or fully understand it, and just see it for it's increasing price. They compare it to the previous crashes and bubbles without even considering how bitcoin is different and has surpassed boundaries.
Then go ahead and explain how people buying Bitcoin as a speculative investment is any different from people who were buying houses in the early 2000s as a speculative investment, or .coms in the late 1990s as a speculative investment. In all cases, people who aren't sophisticated investors were rushing into markets they don't understand because they have the perception that everyone was making easy money with the speculative investments and the value could only go up. Naturally, you have to believe a crypto bubble is different than any other type of bubble, otherwise you're faced with the very uncomfortable reality that you're making a very foolish decision.
I don't know why people think that bitcoin will go down, all I can see is more investors joining the community which makes cryptocurrency more solid.
I will only listen to people providing reosonable arguments and not to those spreading predictions.
The cryptocurrency market will remain for long time, and the wise thing is to profit from it not just wait for it to vanish.
I will only listen to people providing reosonable arguments and not to those spreading predictions.
The cryptocurrency market will remain for long time, and the wise thing is to profit from it not just wait for it to vanish.
More people are getting into crypto, but not necessarily Bitcoin. Bitcoin's percent dominance has been on a steady decline for some time now. That means more money is coming into crypto as a whole but going to other alts more than it is to Bitcoin. Bitcoin's network has become a joke. Transactions are slow and expensive. It is increasingly obvious that a flippening will happen. There are many alts that are better at being Bitcoin than Bitcoin is, so it really seems it's only a matter of time. ETH, XRP, BCH and LTC are the most likely alts to pass Bitcoin in market cap, and it may come as soon as 2018.
Bitcoin is the most popular among the cryptos and a lot of investors want to get involved even when they only have minimal knowledge on bitcoin or cryptos. A lot of altcoins have potential such as bitcoin does and investors should consider to expand their investments.
Even those who claim that bitcoin is a bubble don't even know or fully understand it, and just see it for it's increasing price. They compare it to the previous crashes and bubbles without even considering how bitcoin is different and has surpassed boundaries.
i think he is partly right.
if he is talking about housing bubbles, they have happened many times since the 1920's.
if bitcoin bubble bursts, it will just blow right back up again but like housing, if you own one it is still there after the bubble bursts. its just the "value" that bursts.
1 bitcoin now will still be 1 bitcoin if the bubble bursts
yes tey to read tulip fever i think it would open our mind how we see bitcoin. i. do believe bitcoin bubble is going to explode soon. the value of bitcoin been increasing without any reason. the main reason is too many people believe on bitcoin and think that it will give big profit for them. this is sure will be the next tulip fever. if he is talking about housing bubbles, they have happened many times since the 1920's.
if bitcoin bubble bursts, it will just blow right back up again but like housing, if you own one it is still there after the bubble bursts. its just the "value" that bursts.
1 bitcoin now will still be 1 bitcoin if the bubble bursts
I worry that this may be a bubble , i'm still invested but the last 2 months have been crazy.
Ripple just surpassed Eth on coinmarketcap, i feel like every noob investor is going into ripple without any idea what it is and what is stands for. It goes against what most people like about crypto , but people just think they bought the next bitcoin. Price has always been important but now it seems the only thing.
Ripple just surpassed Eth on coinmarketcap, i feel like every noob investor is going into ripple without any idea what it is and what is stands for. It goes against what most people like about crypto , but people just think they bought the next bitcoin. Price has always been important but now it seems the only thing.
actually bubble is very horrible because bitcoin price is very unnatural and can at any time erupt and the price back to basics and it makes new investors or new players who buy at expensive prices to make them depressed because the price plummeted.
It seems the bubble is just popped right now. The price of bitcoin is falling and it seems it will continue go down until the next year. My advice sell your bitcoins right now and hold your money and prepare to buy back the bitcoins when the price go up.
I don't know why people think that bitcoin will go down, all I can see is more investors joining the community which makes cryptocurrency more solid.
I will only listen to people providing reosonable arguments and not to those spreading predictions.
The cryptocurrency market will remain for long time, and the wise thing is to profit from it not just wait for it to vanish.
I will only listen to people providing reosonable arguments and not to those spreading predictions.
The cryptocurrency market will remain for long time, and the wise thing is to profit from it not just wait for it to vanish.
More people are getting into crypto, but not necessarily Bitcoin. Bitcoin's percent dominance has been on a steady decline for some time now. That means more money is coming into crypto as a whole but going to other alts more than it is to Bitcoin. Bitcoin's network has become a joke. Transactions are slow and expensive. It is increasingly obvious that a flippening will happen. There are many alts that are better at being Bitcoin than Bitcoin is, so it really seems it's only a matter of time. ETH, XRP, BCH and LTC are the most likely alts to pass Bitcoin in market cap, and it may come as soon as 2018.
Anything is a bubble, because anything will go to an end. But until the explosion, there are plenty of opportunities to make a gain.
Actually now that bitcoins has reached a higher demand making it's price and value higher, many also has been starting to criticize bitcoin sharing their thoughts and opinions. And some are already making a statement that it is a bubble and people should start avoiding it. I am not afraid or worried of Bitcoin as threat for a bubble burst, but I am worried that investors and bitcoin users might actually believe these people making then panic selling with Bitcoin naturally goes down. This means that the more bitcoins are sold, the lower the price will be.
I worry that this may be a bubble , i'm still invested but the last 2 months have been crazy.
Ripple just surpassed Eth on coinmarketcap, i feel like every noob investor is going into ripple without any idea what it is and what is stands for. It goes against what most people like about crypto , but people just think they bought the next bitcoin. Price has always been important but now it seems the only thing.
Ripple just surpassed Eth on coinmarketcap, i feel like every noob investor is going into ripple without any idea what it is and what is stands for. It goes against what most people like about crypto , but people just think they bought the next bitcoin. Price has always been important but now it seems the only thing.
Because the price isn't changing too much and too quick, that's why people are reall worried about a blow bubble. Bubble blow bring the hope of investors gone with them.
I think all the experts are underestimate the potiental of Bitcoin. Only the economist can see how good Bitcoin gonna be. So which side you gonna choose ?
I don't know why people think that bitcoin will go down, all I can see is more investors joining the community which makes cryptocurrency more solid.
I will only listen to people providing reosonable arguments and not to those spreading predictions.
The cryptocurrency market will remain for long time, and the wise thing is to profit from it not just wait for it to vanish.
I will only listen to people providing reosonable arguments and not to those spreading predictions.
The cryptocurrency market will remain for long time, and the wise thing is to profit from it not just wait for it to vanish.
I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.
If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The price of bitcoin is increasing regularly from some time but it doesn’t mean that bitcoin is like a bubble. If the price of bitcoin is regularly increasing then it must have reasons and yes it is having many reasons which are its properties, demand and benefits etc. If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
If we keep an eye on the development of bitcoin then I think that bitcoin can maintain its position for a long period of time. Moreover it will revel with time.
I agree to your point of view mate, bitcoin is not like a bubble. As far as I know bitcoin is unpredictable which will depends the number of investors throughout the world as one of its major reasons. We can't blame those people keep believing that bitcoin is a bubble that may burst anytime due to its bubbling value. As on my own principle and believe, bitcoin will survived and will be dominat for long time of all crypto currencies.
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