Will Bitcoin be the biggest bubble economy in history? - page 4.

odolvlobo

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Quote from: Roy Asher on June 15, 2021, 09:19:27 PM

What do you think, do you think Bitcoin will become the biggest bubble economy in history?

The market cap of the South Sea Company far exceeded the GDP of Britain at the time of its bubble. Its crash caused a major economic crisis. In order for a Bitcoin failure to have the same impact, it must be get much bigger first.

Quote from: DapanasFruit on June 15, 2021, 10:40:29 PM

Bitcoin has been in existence for 10 years and within those 10 years and until now a segment of our populations still think that Bitcoin is a big bubble. Waiting for 10 long years is convincing enough that there is something more to Bitcoin than what some perceive it to be. No bubble will last for more than 10 years and still alive, well and kicking.

The South Sea Company was established in 1711. The price crashed nine years later, in 1720.

manggis97

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Since BTC created till now, the price of BTC keep higher year to year that mean the value is not bubble. The asset called buble if the price back to the bottomed or the value keep decreasing. Value of BTC and blue chip stocks against inflation of fiat.

Darker45

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The biggest economic bubble in history is fiat itself, not Bitcoin. I am referring not just to fiat money but to the entire fiat system also.

Borrowing your definition, fiat has very well fallen under an asset whose "value surpasses the real economy." We all know this. I don't know where you're from but I am almost sure that the fiat money you're currently using is not based on real economy.

Furthermore, fiat also "easily loses the ability for sustainable development." Of course, how could it be sustainable when it almost has zero basis for issuance? Central banks are printing and printing money no end without any basis. The money supply could be stretched infinitely.

Such is the reason why the bubble has already exploded in certain countries across continents.

DapanasFruit

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Binance #Smart World Global Token

Bitcoin has been in existence for 10 years and within those 10 years and until now a segment of our populations still think that Bitcoin is a big bubble. Waiting for 10 long years is convincing enough that there is something more to Bitcoin than what some perceive it to be. No bubble will last for more than 10 years and still alive, well and kicking. Everytime Bitcoin reached a big dip, people proclaimed that Bitcoin is a big bubble and is dead - yet everytime that happened Bitcoin comes back to life and fly. Now, if Bitcoin can really be a big bubble then it must be the most unique one - maybe can be called as a perennial or recurring bubble if you wish.

Anyway, we all have our right to determine anything to be like or like that so people who don't believe and hold Bitcoin will naturally have the tendency to believe anything not so good about it - human nature at display. History will soon reveal that the BIGGEST BUBBLE is the fiat money when global economy will be suffering from its own delusion.

Poker Player

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Of course not.

At some points you could say that the price was in a bubble because people invest too early in anticipation of what the asset might become in the future. Something like that happened in the .com bubble and with the price of Bitcoin in 2017 but that is not to say it is an unfounded bubble like the tulip bubble.

Roy Asher

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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?

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