Bitcoin Forum

If the bitcoin is a bubble, I think that the whole economy is a bubble ready to burst  :o :o :o :o :o

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Yes, I would agree that most asset classes are indeed in a bubble. Much like the last bubble in 2007-2008 time frame, it took some time for it to burst, even though some people had been pointing out the economy was in a bubble for a few years prior. So while we may all know they symptom and recognize what is going on, we don't necessarily know when it will burst.

“The market can stay irrational longer than you can stay solvent.” - John Maynard Keynes

This is exactly why I don't listen to people who talk about "bubbles" if you want to go that route you could very well say your life is a bubble too. Where will it end ? It's just nonesense people who think they know everything spew out. They want everyone to listen and believe them and think they have something important to say.

yes i believe and i agree everything is a double may after the all issue of bitcoin and fixed all the problems of bitcoin facing right now, rising the bitcoin before the end of year start to beceme a double value price.

Interesting if you equate Bitcoin with a bubble. Because the nature of the bubble is high and broke, then spread all directions. Hopefully this Nature will make Bitcoin spread everywhere.

Oh wow. Can't argue with that lmao.

But yeah, everything is a bubble if you reach hard enough. I'm also tired of seeing these FUD news, but there's really no way to stop or convince them. News outlets in particular are selling clicks, so we can fully expect them to bubble everything up everytime there is a dip. Large players have plenty to gain by manipulating prices at the expense of Bitcoin's (short term) image.

We know Bitcoin is not a bubble and I'm sticking with that. It's fun reading up on bubble arguments sometimes though.

Yes it is a bubble. It is natural to have boom and busts in a capitalist system. However when it bursts bitcoin will go down relatively more than the other assets because it has shot up way faster than everything else. 3x in a year? People are delusional if they think any asset can perform like this indefinitely.

With that said, this doesn't affect the long term prospects of bitcoin. If you believe the technology these price fluctuations won't worry you. But it is slightly concerning to me that many people seem to blindly say "bitcoin is not a bubble" implying that it will never go down. This is simply not true and a lot of people are going to get burnt with this attitude.

You are right , but it depends on how you look at it. Some people really like the tech and the idea behind btc so bubble or not they will not care.
Then you have the investors who are here to make money , but they need to realise that what goes up will go down bubble or not.

Not only will they get burnt, but also they will lose faith in it, affecting negatively its value, which in turn, it'll become an opportunity for altcoin to rise up and get their attention...

Agree with you guys. Bitcoin is absolutely the same like our classic economic. There is up and down.

don't think too much about bitcoin, just do it ;)

I don’t agree with this.To me, a bubble is artificially inflated and all goods have inflated value.It’s all a layer of bubbles on top of bubbles. To say everything is a bubble doesn’t mean much, unless you can predict when it will burst.

You might be right, my friend. The stock market is in a bubble also. I just checked NASDAQ and it is rising exponentially.

Everything is not a bubble because we have a solid source of demand for bitcoin and it is not a bubble because the price of bitcoin is not fast on dumping and we can see more and more gains in the long term run for the market of bitcoin so i think that there is nothing to worry about the bubble because it doesn't exist here.

people say this when price from 1k go up to 2k on June. And what? everything still ok.

Due to the high volatility of bitcoin, it is increasingly compared with a bubble recently. This does not prevent him from restoring his course and developing. If you look at these things a little wider, then the economy of any state, the world economy can also be called a bubble, because it can burst under certain conditions. In the world, nothing is absolutely stable. If bitcoin is not liked by someone because of its rapid spread throughout the world and a sharp increase in demand for it, it is simply attacked and criticized. This is just not worth paying attention to. Bitcoin is and he continues victorious procession around the world. Let the dogs bark, the caravan vseravno goes.

no! i think its not, bitcoin is not like a bubble that sooner or later it disappear, maybe the bubbles are those people who not believe in bitcoin and they sell their bitcoin to cut their looses in the dip. but for me, dip is not the problem we all facing on, but those fakes news that floating around us, thats the problem, they always saying that this bitcoin is a bubble to cause a waves of rush selling bitcoin, then whales buying it to earn more and more profits soon.

No need to panic. Bitcoin is now recovering and will soon be back on its phase again. There are lots of similar incidents that happened before but Bitcoin keeps on surviving them and everytime it survives, it becomes stronger. I believe in Bitcoin and I know that it will never disappoint us in the future.

That's a different way to look at it. Probably I agree with you to some extent. But as you know once a bubble expands a lot it's crosses it threshold and bursts, so you don't want BTC to rise too much too quickly. That is what happened in past few months as we saw a swift increase to 4.8k caused it to burst down to 3.5k

It's impossible to read these charts, what are you trying to compare Bitcoin to?

Here's the thing with bubbles. What a appears to be a bubble in the moment could actually be genuine growth. But there's no way to know because clear understanding of rationalization of investment prices requires context. Our context is the length of time Bitcoin has been around, 9 years. That's not long. And all the analysts making a judgement don't recognize that or take it into consideration. What they see is something they don't understand that (to them) "appeared out of no where" and has an attraction that they deem irrational.

Stay the course because everything is not a bubble.

LOL, sure.  All bubbles are A-OK for quite a while.  What do you think the behavior of asset inflation really is?  Prices keep going higher and higher, and more people keep piling in and buying more--and then something sets off waves of selling.  It could be bad news, it could be anything.  The mood suddenly changes. 

Right now bitcoin is fighting off all sorts of bad news, and it's thriving despite all that.  But you wait.  It might not be this week or this year, even, and the price may be at $10,000.  Something will kick off a shit storm of selling, and you'll see what a bubble looks like and how fragile it is.  The fact that bitcoin is at $4000 after being at $1200 in 2013 isn't evidence against this irrational exuberance.

Amen!! Some folks werent here when we slid down from 1000. Everyone was sooo bullish right before, we approached 1k and people were screaming 3k in a year. It was pretty much the opposite of that. It slid down, slowly, to about 300, before it started to pick up robustly. Mining companies stopped mining it was so bad.

Growth like this isnt sustainable folks. What goes up, especially on some hot shit, must eventually come down.

I agree with you, bitcoin has been able to return to the phase after a storm of negative issues related to crypto, some time ago bitcoin had experienced the same thing but it took a long time to restore it in its initial phase, and now bitcoin takes weeks to return to the phase, some people would expect bitcoin to keep going up like a bubble but still be careful to anticipate if there is a drastic decline.  :)

yes I agree with your opinion, that all economics are bubbles ready to explode, bitcoin will explode with the higher price value and all the investment will feel the explosion, and that many in the monument people.

Bitcoin is not a bubble. I think if there is no Chinese market then Bitcoin will probably be better and probably have a higher but stable price. Bitcoin is expected to grow better than all other markets and this makes cryptoucurrency ever more interesting.

agree with you and without china, bitcoin can stay and grow better. i am sure that in out there, many country will accepting bitcoin and there are wide opportunity for people and the country to see bitcoin become the best investment for them. maybe one day, bitcoin price is not too volatile like now and the price will stable like currency.

The one who are saying bitcoin is just another bubble are the one who left behind in bitcoin price rally and now want to ride back at cheaper price. They will try hard and might even invest huge amount of money to create fud and increase panic among newbie bitcoin traders to lower down price and buy it all.

They have already done this successfully many times before and might do same in future too but in overall price of bitcoin will keep on increasing with increasing demand and decreasing supply.  ;D

Everything is a bubble if the cryptocurrency you are talking about is an altcoin as these have unlimited amounts and are thus used as pump and dumps.