Topic: Will Bitcoin be the biggest bubble economy in history? (Read 614 times)
A bubble that allows me to get a constant additional profit. I'm absolutely not against it.
Big company's stocks or even US dollar more look like bubble than bitcoin. They print dollars non stop and it's not backed by anything. It's impossible with bitcoin, inflation is also impossible and it's capitalization is still several times lower than some big IT companies. Moreover it's backed by public consensus by people who believe it can be a great medium of exchange in future due to btc's advantages that we all know about.
I think bubbles are synonymous with dumps on a large scale, and this happened to bitcoin after 2017, at that time a lot of negative news was circulating, so it gave an effect of fear to investors who wanted to buy it, because it fell to the range of $ 3500, but eventually bitcoin rose until we can see it today, and the sharp decline will not occur in the stock currency or forex, except for extraordinary events
When Bitcoin was just emerging, there was no tulip at that time, and everyone believed in Bitcoin. Then there was the tulip bubble, and everyone started discussing the topic of Bitcoin and Tulip. Later, Bitcoin continued to develop, and gradually Only a few people compare Bitcoin to a tulip. Although Bitcoin has experienced a sharp drop, it still exists, which shows that these so-called bubbles are not suitable for Bitcoin.I believe time can verify everything。
Big company's stocks or even US dollar more look like bubble than bitcoin. They print dollars non stop and it's not backed by anything. It's impossible with bitcoin, inflation is also impossible and it's capitalization is still several times lower than some big IT companies. Moreover it's backed by public consensus by people who believe it can be a great medium of exchange in future due to btc's advantages that we all know about.
The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?
The sudden rise in prices due to increased demand sometimes make small as well as large bubbles which burst out with the market crash.It is not the case with only Bitcoin but you would find some stocks overpriced because people rush to invest in them and when the market become normal it falls to the original prices and people call it bubble.But in my perspective bubble is something that burst once cannot be blown again like dot.com bubble which has never happened again.Bitcoin price volatility may produce small bubbles due to unexpected surges like the current ones but it will always have a utility to serve which will derive it's prices with limited supply.So in reality btc is not a bubble. Of course not, and it is impossible. After so long, will anyone still think that Bitcoin is a bubble? If you have just started with Bitcoin and you have just started contacting Bitcoin, what you think is a bubble, this is still the past, but it has been so long, and still saying that Bitcoin is a bubble, is this a fool?
Well, they still think that the growth of bitcoin is unsustainable despite standing strong when the prices was still around the 60k. Also, why do they think that it's a bubble when the prices are going up everytime it goes down? Shouldn't a bubble not be able to inflate back if it pops?
I don’t think so. I agree that it was in a bubble some time ago but I have seen people investing in it thinking that it will rise in value in the coming future. And in fact it did.
Tulips bubble had an infinite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.
That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.
That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.
That logic is solid af.
In other words, there aren't enough bitcoins for everybody in the world.
This also explains why gold is lagging hard against bitcoin. Only a few years ago gold and bitcoin was at a parity. Bitcoin hit $60k later on and gold haven't moved much since than. When this correction ends and bitcoin gathers its shit together, I am pretty confident that it will hit $1.000.000
Tulips bubble had an infinite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.
That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.
That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.
That's all correct although I often asked myself whether it is 100% known how much gold there is on Earth. Yes it is finite of course, but do scientists or the respective companies know how much gold there is? I think that might be another advantage because with Bitcoin even my grandma knows how many there will be, but with gold I think hardly anyone, if anyone, really knows. Couldn't it be possible that somewhere in the sea a couple of miles below the surface gold could be found? To me there is still an unknown while for Bitcoin there is not.
I agree. I also wonder about how much gold that cannot be reached such as in the deep sea. While Bitcoin's final coin can be finally mined.
bitcoin is not the best candidate to take such a designation, but some individuals who are related to bitcoin and have nightmares about the future of bitcoin seem to dream of it.
We are hearing about the bubble theory for a very long time and it is the only thing haters who does not understand the market will call in the next 10 to 15 years as well and the best option is to ignore these idiots and move on rather than defending their claims as it will fuel them further.Obviously bitcoin is still something new despite its 10 years, in reality it is still young its little adoption or penetration as a legal tender, but its +10 years and what has happened in recent months, despite the price current for some, it is far from becoming an economic disaster.
To be frank, the price does not matter if we are looking for global adoption, price increase should come naturally because of global adoption rather than viewing the Bitcoin market as a speculative asset and since the view is different from the vision we had in the past we will see huge volatility in the price and still you cannot call them as a disaster. Tulips bubble had an infinite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.
That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.
That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.
That's all correct although I often asked myself whether it is 100% known how much gold there is on Earth. Yes it is finite of course, but do scientists or the respective companies know how much gold there is? I think that might be another advantage because with Bitcoin even my grandma knows how many there will be, but with gold I think hardly anyone, if anyone, really knows. Couldn't it be possible that somewhere in the sea a couple of miles below the surface gold could be found? To me there is still an unknown while for Bitcoin there is not.
The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?
I've heard this a lot for 10 years, in fact many people have been helped by the presence of bitcoin, now more and more real businesses are accepting bitcoins and many stock markets are trading bitcoins, of course it is clear that bitcoin is not bubble economy.
bitcoin is not the best candidate to take such a designation, but some individuals who are related to bitcoin and have nightmares about the future of bitcoin seem to dream of it.
Obviously bitcoin is still something new despite its 10 years, in reality it is still young its little adoption or penetration as a legal tender, but its +10 years and what has happened in recent months, despite the price current for some, it is far from becoming an economic disaster.
Obviously bitcoin is still something new despite its 10 years, in reality it is still young its little adoption or penetration as a legal tender, but its +10 years and what has happened in recent months, despite the price current for some, it is far from becoming an economic disaster.
It can be if we see the progress of bitcoin since 2011 i have no doubt about ur opinion.
Not just bitcoin i think ethereum has the same chance like bitcoin to become the bggest bubble economy in history.
Not just bitcoin i think ethereum has the same chance like bitcoin to become the bggest bubble economy in history.
Of course not, and it is impossible. After so long, will anyone still think that Bitcoin is a bubble? If you have just started with Bitcoin and you have just started contacting Bitcoin, what you think is a bubble, this is still the past, but it has been so long, and still saying that Bitcoin is a bubble, is this a fool?
Tulips bubble had an infinite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.
That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.
That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.
Rise and fall is the norm in the market. Whether it is a bubble or not has yet to be considered. After all, Bitcoin assets have begun to be accepted by some countries, but it is clear that no matter how much Bitcoin falls, its price will eventually rise.
I understand the skepticism around bitcoin, the underlying value and tech mumbo-jumbo. But, i feel it is much more than that. The technological underpinnings are sound and supply-demand gap will only increase. My blog at https://abitcoin.ca/blog/Bitcoin:_5553644621985569331 deals exactly with the issue that if Bitcoin is technological wizardry or a ponzi scheme.
The OP needs to study more about Fiat rather than Bitcoin. Bitcoin is in existence from more than 10 years now and we only see more people and even the institutional investors are getting into it as the time goes. People need to understand what a bubble is and it is not like the whole market price can be manipulated by some people now.
Bitcoin is divided into 2 opinions, some say that this is buble , some say that bitcoin is the future, it depends how the person knows bitcoin, because there are people who only theorize there are directly benefited. Those are two opinions that are not wrong but I believe that bitcoin is the future.
As long as we know how to handle the situation there will be no problem at all. It can be a bubble like happening now but it already helped many to earn and gained profit. Who knows in the future the market will be fine again. We just need to wait or find other way to still earn from it. Jump to: