Topic: Will the price of bitcoin be like a bubble, how do we react to it (Read 272 times)
February 03, 2019, 02:09:21 PM
The right reaction is to use opportunities to get bigger profits, with the market declining to be an opportunity to buy more. If you panic and think that bitcoin is just a bubble, then it's a good idea to be a spectator.
February 03, 2019, 03:54:38 AM
Bitcoin seems to be a bubble to many people because its value is not stable, but it is not true.
those people don't know what bubble means. it is like saying apples look oranges to many people!
being volatile doesn't make bitcoin a "bubble". being over the intrinsic value makes it a bubble and $20k was a bubble. but also similarly when price drops and corrects the bubble also goes away. so if someone is talking about bitcoin bubble NOW that price has dropped more than enough to burst any bubble then they don't have any clue what a bubble is.
February 03, 2019, 01:33:26 AM
These people think the Bitcoin market is pure speculation with no real usage. They think it's like tulip mania or the beanie baby craze.
That's how a lot of people think about gold, and gold has been around for thousands of years. It's something that doesn't have much of a real utility other than jewelry and industrial use, doesn't produce anything, and is a game of speculators. It still has a $7 trillion market cap. People are easy to trash assets or things in general they don't need or understand. Bitcoin is exactly like that. Eventually they will take back their words and buy into it one way or another.
Agreed, the main difference with gold is its status as a store-of-value isn't hotly debated. It's been trusted for thousands of years to hold value and act as money. Bitcoin has 10 years of history by comparison, and we're all just guessing whether mainstream adoption will happen. I'm betting it will, but until we cross the chasm and actually penetrate society, the "tulip mania" crowd will still be here and there's still a chance they're right.
Bitcoin seems to be a bubble to many people because its value is not stable, but it is not true.
Gold is a store of value but the main drawback is that your value in gold remains the same over period of years and it will not increase much. Whereas if you store your investment in bitcoins, there are high chances that you can 2x, 3x your investment in one or two year. This high rate of return makes people invest in bitcoins and not in Gold.
February 02, 2019, 03:28:31 PM
As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,
I dont know in what circles are you hanging out but in most circles people are complaining that price of Bitcoin is to low.
Price of Bitcoin act like a bubble in each Bitcoin cycle that is 4 years long. It goes up and then pop and reduce to 85% of the ATH ( maximum rice). Then new cycle start.
February 02, 2019, 01:35:35 PM
As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,
I dont know in what circles are you hanging out but in most circles people are complaining that price of Bitcoin is to low.
Price of Bitcoin act like a bubble in each Bitcoin cycle that is 4 years long. It goes up and then pop and reduce to 85% of the ATH ( maximum rice). Then new cycle start.
January 31, 2019, 04:02:26 PM
As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,
I had to make sure this post wasn't from 2018. The trick is seeing the bubble while you're still in it (or even better before, like now), not after it's deflated. Answering your question, the logical response is to sell when the price is high and buy when it is low. Unfortunately, humans aren't very logical, especially when it comes to investments. A majority of people will buy high and then sell low. That is just how markets are designed. Always keep perspective. Make your own decisions. Listen to all. Follow none.
January 31, 2019, 03:02:48 PM
The ups and downs of the crypto market are natural, but many think it's a bubble. I think you only need to react to use buying opportunities at low prices and selling opportunities when prices increase.
January 31, 2019, 02:41:27 PM
As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,
January 31, 2019, 12:29:08 PM
Another claim that bitcoin is a bubble? $3,400 is too high? $20,000 is the highest and the said bubble popped like what most of the predictors said even before. How do we react on this? I'm reacting without anything to say.
I just believe that bitcoin's status is on the bright side and these lows are the best way for it to reach another all time high. It shall go at the lowest before the potential catch up for its rise in the future.
People are going to claim that bitcoin is a bubble even at the current prices, but it doesn't really surprise me, people are going to deny the reality right in front of them because they will be unable to accept the fact that they had the opportunity to buy bitcoin for a cheap price and they didn't, and now they regret their decision and instead of moving on and accepting their mistakes they are going to hold a grudge against bitcoin. I just believe that bitcoin's status is on the bright side and these lows are the best way for it to reach another all time high. It shall go at the lowest before the potential catch up for its rise in the future.
January 30, 2019, 08:13:21 PM
These people think the Bitcoin market is pure speculation with no real usage. They think it's like tulip mania or the beanie baby craze.
That's how a lot of people think about gold, and gold has been around for thousands of years. It's something that doesn't have much of a real utility other than jewelry and industrial use, doesn't produce anything, and is a game of speculators. It still has a $7 trillion market cap. People are easy to trash assets or things in general they don't need or understand. Bitcoin is exactly like that. Eventually they will take back their words and buy into it one way or another.
Agreed, the main difference with gold is its status as a store-of-value isn't hotly debated. It's been trusted for thousands of years to hold value and act as money. Bitcoin has 10 years of history by comparison, and we're all just guessing whether mainstream adoption will happen. I'm betting it will, but until we cross the chasm and actually penetrate society, the "tulip mania" crowd will still be here and there's still a chance they're right.
January 30, 2019, 07:34:10 PM
These people think the Bitcoin market is pure speculation with no real usage. They think it's like tulip mania or the beanie baby craze.
That's how a lot of people think about gold, and gold has been around for thousands of years. It's something that doesn't have much of a real utility other than jewelry and industrial use, doesn't produce anything, and is a game of speculators. It still has a $7 trillion market cap. People are easy to trash assets or things in general they don't need or understand. Bitcoin is exactly like that. Eventually they will take back their words and buy into it one way or another.
People need to be proven wrong time on time again, each cycle. At the end of the day, the use of Bitcoin could admittedly show more signs of strength, but we can't discard how important speculative bull cycles are for this market.
That what people see as something that made Bitcoin fail as currency, makes sure crypto as a whole remains relevant.
January 30, 2019, 07:02:28 PM
As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,
I've seen so many posts about Bitcoin being compared to a bubble that will eventually burst someday, How can anyone tell if that is true or not ? If there is real use.
Bitcoin was once worth $17,000 but for now is worth only ~ $3,400 dollars and It's still considered to be very high or overpriced. What then should be an ideal price for Bitcoin according to them, 10 cent ?
Professor Bitcorn (Boston University economist Mark T. Williams) predicted Bitcoin would hit $10. Dr. Doom (Nobel Prize winner Nouriel Roubini) said it's now falling to $0. So yeah, 10 cents falls right in the range.
These people think the Bitcoin market is pure speculation with no real usage. They think it's like tulip mania or the beanie baby craze.
January 30, 2019, 03:36:25 PM
As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,
I've seen so many posts about Bitcoin being compared to a bubble that will eventually burst someday, How can anyone tell if that is true or not ? If there is real use.
Bitcoin was once worth $17,000 but for now is worth only ~ $3,400 dollars and It's still considered to be very high or overpriced. What then should be an ideal price for Bitcoin according to them, 10 cent ?
January 30, 2019, 03:25:14 PM
It looks like it will make you unable to get out of panic if you think from a negative point of view, bitcoin is very fluctuating so that it becomes normal with prices soaring and can also decline.
January 30, 2019, 12:06:33 PM
As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,
We could go sub $2000 or $1000 anytime and never come back from that. There is really no way of predicting what is going to happen in the long-term.
January 30, 2019, 12:01:46 PM
As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,
January 29, 2019, 06:19:14 PM
One of the disadvantage of having bitcoin was the volatility which we all ready know for past years and some said bitcoin was like bubble that could burst anytime but they were wrong. The price is pretty much manageable due to the bear market we had experienced last year, so my opinion would be still depends on market cycle of demand and supply.
Volatility is a disadvantage? The lack of that made the price tank hard because people stopped being interested in the market now it isn't going up anymore.
Volatility = high volumes = high interest = higher odds of seeing the price increase.
Stability = low volumes = low interest = higher odds of seeing the price decrease.
And btw, Bitcoin itself isn't a bubble, the price/market is because of people's greedy nature. We've seen the worst of the pop, might see some sort of a flash crash giving the most persistent "hodlers" the last push to unload. V bottom, double bottom, triple dildo bottom, whatever it takes, the last bit of air needs to go out.
January 29, 2019, 02:13:52 PM
It already is exhibiting and behaving like a bubble, so I'm not quite sure what you're trying to say. Anyways, the only 'move' I can see that people could do in order to react to sudden changes in price is to not buy during insanely fast price increases as they are likely to be bubbles or pumps awaiting to be slammed/shut down by the bears. Also, the best move still is to pick an entry point after a huge price-crash and leave things be for a year or two. This has worked for a lot of bitcoiners in the past 2 cycles and I'm pretty sure that this method is still working and not obsolete by now.
January 29, 2019, 12:43:43 PM
That is only an estimate, and everyone will change their mind when conditions are not as expected. Do you think it's a bubble, so stop because it will be risky for you, and if you think otherwise then keep on going.
January 29, 2019, 10:45:10 AM
One of the disadvantage of having bitcoin was the volatility which we all ready know for past years and some said bitcoin was like bubble that could burst anytime but they were wrong. The price is pretty much manageable due to the bear market we had experienced last year, so my opinion would be still depends on market cycle of demand and supply.
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