Bitcoin Forum

"Bitcoin today you can't make much transactions in it. You can't spend it very easily ... Bitcoin is a bubble," Ray Dalio said on CNBC's "Squawk Box" Tuesday.
It's not an effective storehold of wealth because it has volatility to it, unlike gold," Bridgewater Associates founder tells CNBC.

What can you say about it  based on you own point of view?

This has been brought out many times over the past weeks why make a new topic ? Stop it !
If you feel bitcoin is a bubble or want to entertain idiots opinions then please leave. Give up on BTC sell all of what you have and leave.
Noone needs this Fud crap. You only trying to cause trouble. If you want to talk about this go find one of the many topics already made and stop poluting these forms with crap.

Thank you.

everyone has his own view of everything that exists in this world. I dont know what the motive is behind Ray Dalio's words.
it could be politive to corner a bitcoin. or true pure opinion alone. I dont know. but if according to what he said is true. it is not easy to bitcoin, and it is not easy for gold too. this is a fact in life. there is always a process and a path that must be taken to succeed.

Bitcoin isn't a currency, Bitcoin isn't a store of value, Bitcoin isn't worth anything.

Do we realize we live in a world where some people have bought cars and houses by selling childhood Pokemon card collections?

What bitcoin is or is not is wholly irrelevant. It currently has value, and is currently experiencing sustained growth. In the mid-term (5+ years) it has shown so far remarkable "stability" and has proven itself as a valid investment. This might stop tomorrow. It might stop in a years time. Or in 20.

If you are not an idiot, you can make money with bitcoin. If you are very smart, you can make a killing. This is true regardless of whether bitcoin is a bubble on the point of bursting, or if it's the second coming of Keynes. Be smart, be fiscally responsible, and have contingencies in place.

The rest is just manipulation and banter.

Anything in this world that has "value" only has that value because enough people agree that it has value.  Bitcoin is no different- some people simply aren't going to think it is worth anything.  But as long as some people do (and that number is growing daily), it will have value.  Maybe the current price IS a bit more than it's actually worth, but the market will decide that.  And maybe the market will decide that bitcoin is basically worthless.  That's why any smart investor diversifies and has backup plans.

for now it's just bitcoin to purchase something is very limited, most people use bitcoin as an investment and their savings in the future. I myself rarely use bitcoin as a means of payment. I use more cash than bitcoin. in the future bitcoin will multiply that use it as payment

Bitcoin is not only one bubble, it is a bath full of little bubbles and every time one of those little bubbles pops, we take profits.

We do not deny anything these naysayers are saying, because we cannot predict where all of this is going and neither can

they. Bitcoin consists of mini pumps and mini dumps and every one makes it stronger.  ;) .... Why would we want to struggle

and fight with the media... they think they are the experts on everything. Let them point fingers, while we wave from the

cruise ship.  :o

100% right. Bitcoin as BTC (Core/Segwitcoin) is a complete tulip bubble with its lack of utility.

Bitcoin Cash on the other hand is not in a bubble and will grow from here as txs are allowed to freely increase exponentially.

I used to listen to squawk box almost religiously.  Nice that they're talking about bitcoin--and if they say bitcoin is in a bubble,  then I should probably have doubts.  Financial press never calls a bubble accurately.  They're good for entertainment purposes, not for information.  In other words, it's probably a great time to buy bitcoin!

I wouldn't say 'Bitcoin Cash' around here.  They will ban you for that.  It is considered high treason on this forum to say anything at all about 'that chain'.

- You can make a lot of transactions and you can pay 1$ wroth of bitcoin in fees rather than 1%+ fee in usual payment gateway when you are sending $1000+ from one country to another.
- You can spend bitcoin easily in local stores and pay online, thousands of store accepts bitcoin.
- Bitcoin is not a bubble.

- Bitcoin price have increased over 10x this year and how much gold's price have increased at this year????

These two guys looks noob in the field of cryptocurrency or might be trying to create fud so they can buy cheap bitcoins as they might now crypto market is very reactive towards fud and hype.  ;D ;D

True that it cannot be compared with gold but not all people here are looking for a very long term asset.
Some of them just go with the waves then withdraw. Come back the next time, buy then do it all over again. It seems like this people are just talk and have never experience it yet. They better try it first before they talk non sense.

I still can not figure out what the value of Bitcoin, Although I understand the uniqueness of the technology itself. Cryptography is the science of the future, But if you compare Bitcoin with gold, then I see the material value of gold, which Bitcoin does not have. Difficult question.

that's a very easy question to answer. bitcoin is a database, it's data. It is materially worthless. indeed, it's a cost. Gold you can use to manufacture goods, bitcoin you cannot.
This doesn't mean there isn't any merit in blockchain technology and bitcoin though.

There is no coincidence of opinion on what is actually called "a bubble"? If we are siding with ones, who believe in "real life value"- then everything, what we cannot touch is a "bubble", so the only things worth investing are " real assets", which have "real" value.

However, bitcoin is about technological progress, which implies both value of the technology and some additional or (as many refer to it) "speculative" value. Now the good question is what is the current proportion between "technological" value and "speculative" one? At this point we understand, that BTC and all the altcoins, for which blockchain is inevitable represent "technological" value and shouldn't be considered "bubbles". However, all the altcoins, where crypto can be (in theory) replaced by fiat money are "bubbles".

This is fake news from people who have credibility but are sorely uneducated on this particular subject.

Nowadays their are so many bad news are coming related to bitcoin everyone is trying to hit bitcion and get famous

I know one thing, when this noise ends, panic, bitcoin starts to go up. People will start buying a little. Bitcoin will become less in circulation, but more will be in the hands of people. Bitcoin is smaller on the market and it will grow. now and will grow my beloved currency monero also

Oh thank you for such a harsh reply. I think everyone of us here has our own opinion. If you think the topic is not too sensible for you why say words not nice? I think i am not the only one spreading crap here and if people give their opinion on my question i don't think it should bother you much. One doesn't have to be rude  to new members, everyone's been  new here.

the movement of bitcoin is very unstable, the graph of decline or increase in movement significantly, for that bitcoin is only used as a short-term investment, unlike gold that has price stability and tends to increase even if only slightly.

Lol. This words really sounds like kwackduck wisdom. Haha. But really though, bridgewater really has a point. And we cannot doubt that. But for me, i see bitcoin's volatility as something that is of great power. It is what drives me to invest. Because to be honest, if bitcoin was like gold, then i doubt that a lot would be using it. Although people love gold, not everyone wants to use it. So gold and bitcoins really have a lot in common(if you know what i mean). So with that being said, im staying woth btc.

Perhaps, but if you compare it to gold whats the difference they are both essentially scarce digital assets (unless you physically buy a bar of gold - which has its own problems). Then again a bubble somehow suggest that the price is artificially inflated and unsustainable, my best guess is that many, many more people will invest in Bitcoin and therefore the scarcity question will become much more relevant and the price will go up a long way yet, like an long, long way (10 - 20 X over the coming decade).

Yes it is a bubble but many bubbles. One buble may disappear but a lot more bubbles may stay. Until now it is still in the process to it's full success but thanks to this bubbles who's made already some to be millionaires. It only depends on how you ate going to view this opinion.  

In any new movement, there will be doubters. Plus, we're talking about changing the financial structure that has been in place for decades. Expecting bitcoin to replace all of that in such a short amount of time is foolhardy.

What you are telling is true, that for any new big change their will always be believer or non believer and it has to take some time. And after all testing and problems solved it will shine. Same way Bitcoin still have to move lot of problems then only it will be accepted as world currency.

LOL. This guy know that his announcement can affect to Bitcoin market and make its price dumped so I think he's trying to take advantage of this case to have chance to buy Bitcoin at lower price :))) CEO JPMorgan Chase, James Dimon, said totally the same then when Bitcoin price dumped to 3k$ per Bitcoin, JPMorgan Chase had invested a lot of money to buy Bitcoin at that price :))))

Cool, more FUD, more reasons to buy bitcoin.

From my experience, whatever you hear and see on TV - do opposite and you will be fine  :D

When bitcoin was 300$ no one cared about it. Now people are massively adopting it and it looks to me someone is scared or wants to manipulate market ;D

The fact is that bitcoin can be better than what actually is, just give it some time to develop

i do not think that it is a bubble any more, because it has take a big correction and currently bitcoin is in fact trading in a very fair price, i think that bitcoin has now to take the acceleration and its price will hopefully start increasing very soon. and this time we can expect that the price of bitcoin will easily cross 5000$ in a few days.

These FUDs are coming from nowhere, I don't know if this guy knows the strategy on what Jaime Dimon did. If I know him personally, I'm going to ask him this "You really want to buy at dip too huh?". Even before there are so many people "experts", "professionals" that said bitcoin is a bubble, they never get used to it. And also stop these type of FUD threads this is not helpful to the community even though you want to inform on who are these people that brings FUD to the bitcoin market.

Those people declare due to their benefits. From time to time we witness some known financial person talking negatively about bitcoin, they can easily change their opinions after they fill their wallets.

Bitcoin will never become a bubble because a bubble means temporary and it will pop instantly after it goes up for a seconds but in bitcoin it is not happening and you can see that the price of bitcoin is still stable and if bitcoin is a bubble then all the volumes about bitcoin is fake but it is not and that is why bitcoin will never become a bubble.

I'm not very influential to use bitcoin in the sale and purchase of goods, I use bitcoin for long-term investment and also to trade buying and selling in altcoin, I do not want to take a headache about the problem and I really feel comfortable with investing in bitcoin.

Bitcoin mostly depends on the number of people who would likely to support Bitcoin as a form of transaction that deals with buying and selling  Bitcoin as a form or investments or trading. It is a good thing for both the bitcoin or any other crypto-currency that could also give you an opportunity to earn and to have a profitable way to hold you bitcoin without dealing with to much effort. It is a bubble in the context that bitcoin is always dependent which likely to happen to make it as always changing.

I also think the same. It has a personal interest on this statement. Once  their move affected bitcoin price so already an opportunity for them to buy. I don't think he's serious in this statement if him. I sensed the motive behind😊

I don't think bitcoin is a bubble at all in my opinion thats fud
bitcoins is likely free market .

bitcoin basically has a small value, because the number is limited and more and more people or investors who are interested and want to have bitcoin so bitcoin to be so honored, and now there are many different types of transactions that use bitcoin as a means of payment ..

There is a saying that goes this way, "one man's food is another man's poison" Everyone has his on point of view towards everything. If you are having same ideology with him, then you can join him with gold and let bitcoin be with those who likes bitcoons. Thanks.

I really don't think that Bitcoin is bubble. If there is a bubble and that is the current finance system built on capitalism.

currently bitcoin is very unstable and raises anxiety on all bitcoin users, plus bitcoin bitcoin issues will be destroyed. I always hope for bitcoin to rise again without china.

I think every picture has two side, positive one and negative one. If you will keep on looking at negative side, then I think there is no way that you can get the real picture of what that thing is actually. You need to remain positive in your thoughts for utilizing those opportunities in a positive way. Simple is this, Bitcoin is the best thing.

The entire crypto currency market is really unstable and the risks are real because the market will react to every news and it could impact the market,i wont say that the price of bitcoin is a bubble,if you consider the limited amount of coins the price could price further with more investments flowing into the market.

This bitcoin bubble is not possible, bitcoin is creating a currency in the gital that can make money in the real world and certainly many choose to play bitcointalk.

Bitcoin got volatility unlike gold. He is saying it like that's something bad and to be ashamed of. Well as a matter of fact it's whats going to make bitcoin worth more than gold and more valuable than anything that came before it. People are untitled to their opinions even if it sucks and they make it look like a smart one.

Bitcoin is not a bubble. Bitcoin is a revolutionary technology that will make it possible in the future to completely replace fiat money and simplify mutual settlements.

Why do people like to say this every time??/Bitcoin is not a bubble pls and they should invest in other coins if they don't like it

A lot of negative issues lately, it makes some beginners Btc seekers become anxious, but it is stirred from the angle of each pemahan. although btc is a volatile virtual currency but it remains to the point that more and more people are looking for it and getting more and more popular.

It is like who cares about what this insecure individuals may say, they do have free speech either but without critical thinking. This month is a mud throwing from media and traditional financial system advocates who close they're mind to innovation and taking a stand against bitcoin because of greed and self interest. Let those "intellectual men" or "professional blackpropagandist" speak and let the bitcoin users and investors laughed at them.

If Bitcoin is a nightmare for them, let them sleep with it whole of they're life. And we bitcoiners will live on paradise.

Maybe he thinks that way because he does not yet understand fully about bitcoin. For what we are arguing about, it's good that we as bitcoin hunters here increase our hunt, do not think about that opinion, because it will weaken our minds and make us lethargic bitcoin hunting if we listen too much,

I know one thing, when this noise ends, panic, bitcoin starts to go up. People will start buying a little. Bitcoin will become less in circulation, but more will be in the hands of people. Bitcoin is smaller on the market and it will grow. now and will grow my beloved currency monero also

Well if you are seen any some news out there i think better to check the background first to know because there are some news are actually true that can affect the bitcoin price..
For now we are seeing more price increase and i think we will see more price increase soon because ICO are regulated in china and most the of the support Altcoin as of now is NEO supported by china base in what i read in some thread here in forum ..

For me all the issues about bitcoin, I will ignore, because I've been stuck with the issue of bitcoin
I panic and sold the bitcoin I had, after I sold it, the bitcoin price went up :(

Don't offend the crybaby and his Ponzi scheme machinations  :D

When people admit that they just put money into something and never use it for its actual intended purpose, that's when one knows it something a bubble.

This weakens my mind in trying to figure out what is being said.  Make sense please.  English isn't my first language either but this is embarrassing.

A bubble is "not possible"?  Lies like this is why I feel such contempt for 99% of those posting on this forum since they cannot prove or otherwise make sense of anything that they post.

So everyone should just subscribe to "The Secret" on their Facebook feeds?  The power of positive thinking?   Oh yea...historically that worked.  OMG.

the opportunity for rising prices is wide open as most people believe that bitcoin prices will increase.
so storing bitcoin over a long period of time is a lucrative thing, when it happens then the bubble can manifest.

96% of Bitcoin is owned by 4% of those involved with it.  Imagine if this 4% believes that it is a speculative bubble like I do.  Then what are you going to do when this minority sells?  Storing bitcoin over a long period of time is lucrative?  Seeing as how past performance is not indicative of future results, you sound like bottom scraping funds manager from a tiny city with that statement.  How do you know that the bubble isn't already at hand?  It makes me laugh how you people can just make up whatever sunshine and rainbows that you want to pull out of your collective asses.

Everything is valued based on supply and demand. When the popularity and demand is high, I’m sure there’s a value in it. Gold has its value today because of its long history of demand globally. If no one wants to buy and keep gold in future, then a piece of gold is nothing difference from a stone, do you agree? Same applies to bitcoin, as long as there’s a demand, it would have its value too. Don’t forget, both Gold & Bitcoin has finite supply.

This is not true.  One can divide each Bitcoin into a nearly infinite number.  Once gold is divided into milligrams, it ceases to be recognizable as "gold" without chemical tests.

although btc is volatile it all depends on the investment strategy that you use can only generate profit or even loss you earn. it's just a futile anxiety.

The Idea Behind NVT Ratio

In traditional stock markets, price-earnings ratio (PE Ratio) has been a long standing tool for valuing companies. It’s simply the ratio of a company’s share price to its equivalent earnings per share. A high ratio describes either over valuation or a company in high growth.

What would be the equivalent in Bitcoin-land? We have a price per token, but it’s not a company so there are no earnings to do a ratio. However since Bitcoin at its essence is a payments and store of value network, we can look to the money flowing through its network as a proxy to "company earnings”.

according to "bubble studies", BTC trades according to bubble development behavior
the issue is that there is no base value you can start making your evaluation based on, what is the base BTC value?
so may be the bubble is in the middle, may be it's just a beginning or may be it's not started yet

everybody has his opinion about bitcoin, but if it says that bitcoin today can not do a lot of transactions in it, bitcoin is bubbles, I think it is a less precise opinion, because in fact we can do many transactions through bitcoin

Not just the Bitcoin exchange market, but also the stock exchange market and the real estate market cab be termed as bubble. But that hasn't stopped hundreds of millions of individuals from investing in these assets.

If someone thinks bitcoin is a bubble, then he can simply not use it. Nobody forcibly forces you to buy bitcoins and earn with him. I think it's useless to prove something to those who do not believe in it.

Bitcoin is not a bubble because it is actually sound money. No one is buying to sell Bitcoin and the supply is not unlimited. The supply is limited and most people are buying to hold.

The only thing Bitcoin is not, a bubble, where is this bubble? you see there are many coins already claiming to be better in many ways but none of them

Are in competition with Bitcoin, people can see which coin is better than Btc, there must be a compelling reason for them to stay and invest most of their

Time and money. people talk about bubbles when they are using fiat for all of their needs, they never used a decentralized currency to know what good

Are they for, they just see it as an asset with high volatility.

Bitcoin can not be a babble, it's not centralized fiat to be so.
I really believe that someday crypto-currencies, such as Bitcoin, will become an important form of payment and highly liquid currency
Although the potential is great, Bitcoin looks alike the trying to pick a winner on the Internet in 1996 - the market is currently speculative. At this stage, it is difficult to say, you are investing in the next Microsoft or the next Napster. The time will show.

Bitcoin it's a new technology. And its potential is huge. A few years will pass and the world learns about what bitcoin is.

The whole world is a bubble. It should come to no surprise that the price action of bicoin looks how it looks. It is just a meassure of the economic sittuation of the world and it's moral and financial insincerity.

Never mind these broke journalists! Journalists don't know shit about bitcoin and yet they are the ones talking bullshit about bitcoin on the media every single day. that's funny! I don't know why today's world of journalism is full of scumbags that don't really know anything about the modern world and technology, yet the first people to comment on the things they don't really understand. You should at least understand something fully before you should start talking about it. 

Any project can be a bubble. Even if he has great confidence. It all depends on the circumstances. for some reason people at some point thought that bitcoin is a tool which allows you to effortlessly become a millionaire. This is not so. All who think so will be disappointed. For them, it will bubble.

And he can just donate all his bitcoin to us. ;D
Trusting bitcoin is enough to stay in the game and if you don't believe and thinking that this is all a bubble is insane.
And the one who told in CNBC is just trolling and making fuds to create a commotion in the community so many will panic sell. And I can say that they didn't succeed with their evil plans. Nice try though. ;D

Bitcoin is in the early state of establishment due to which it is not easily acceptable at local stores and also become difficult to exchange with local currency in some countries due to lack of rules. But for such factors, we cannot underestimate the value of Bitcoin and declare it as a "Bubble". Ray Dalio termed "Bitcoin as Bubble",  in the way that it has no secure future and the people investing in Bitcoin will ultimately loose their money. But according to me, you can term this just as a another statement against Bitcoin and nothing else, all such statements are made to create a state of panic so the Bitcoin Price drops and the investors can buy at low price.

Price of bitcoin must be increased.

Of course, you can divide each Bitcoin into truly infinite number but the question is can you still use them if you do it that way? In fact that idea can also be applied to the fiat money but is there anybody minting coins that way?

I like your idea that maybe Bitcoin can really be a bubble and yes I agree because anything can be a bubble actually even the fiat money can be a bubble when the very government backing it up has already melted or the economy of a certain country has gone bust certainly the national currency can experience bubbles.

What is certain for now is that Bitcoin can not be pronounced as a bubble...now as to what will happen in the future we could only hope and guess and my guess is that it might not be a bubble. Let's see which prediction will come true.

Why not compare bitcoin a bubble? The growth of bitcoin prices occurs only for the reason that it continually pour money. Any currency works to increase production and is used as a measure of the amount of produced values. Bitcoin does not produce such values, and its price depends only on the receipt of money which makes the economy of different countries.