Bitcoin Forum

I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?

A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.

Big economists from the popular magazines? I don't think that is correct to listen to them. They have to say you what they should. The market of the cryptoeconomics is really small right now. There are much more hype about bitcoin for sure right now than in 2015-2016 but it doesn't mean that bitcoin in bubble. It indicates more interest around but he can growth much bigger. Enough space for that in the markets. I will start think about bubble when the market become more that 2-3 thrillion.

You talked to big economists? Sure. Well anyway, these economists run their businesses on fiat currencies and banks. It would very much make sense if they keep saying that bitcoin is a bubble. Just don't worry and don't listen to articles from mainstream media and magazines. We are nowhere near a bubble.

Then they are people for whom value is determined only through a material look at the world, because the bitcoin and its value as well as itself are only in our mind and the numbers on the Internet, from that you can easily understand the doubt of many people.

In future fiats will be consider as bulge puss in the body. Bitcoin is the next generation currency which is gonna be use in the time we use the robots in everywhere in the office and residential place.
Gold is been used from the long long ago but bitcoin is just 8 years in the market and value, demand and supply out the world. In 100 years bitcoin will rule all the aspects of financial circle.

They say it because it is so.
Bitcoin is empty and the bigger it become,the more it is hollow.
The more it is like a bubble.
And you know what a bubble generally does?

Economist's thought are based on fiat instead bitcoin is different things and it's not from their world. But of course they can share their opinion about bitcoin technically.
For what I can say that bitcoin is unique and it will keep amaze people from time to time !

I think they were right, bitcoin can be a bubble, and we all are in that bubble. They have the basis to prove it. However, it is important, how this bubble works, if it can grow properly, it will never break.

I agree with their saying that bitcoin is a bubble but what about fiat? I think its a bigger bubble than fiat. Bitcoin is backed by a block. Each block which cannot be destroyed. But fiat? What is it backed with? Just a promise by a central bank? It is much larger and softer bubble which is going to burst soon.

Economists say Bitcoin is a bubble, because it is. Have you checked the price chat recently? Bitcoin is going through the roof and is bound to crash at any time. I give it a month at most.

From what I have learn with my economics class a bubble or an asset bubble is an overpriced asset in which it is priced more than what it is really worth. Right now Bitcoin's price is based on nothing else but the consumer's demand compared to other assets where you can analyze other financial factors to base your buying and selling decisions. Bitcoin's price is really high to be called a currency right now as it exceeds every Fiat currency out there.

But i think it is not what we can say about bitcoin. In fact bitcoin has more potential than the price in which it is trading. i think that in future we can expect that bitcoin price will increase more and more, therefore i do not think bitcoin is a bubble. Bitcoin is in fact trading in its original price and hope that in future bitcoin price will increase more because people are still investing money in bitcoin, and this trend will even continue for a long long time.

Economist simply says Bitcoin as a bubble because of its highly volatile factor, which clearly shows that price can skyrocket in a very short time and may fall even more less time, creating a crash in the market. Due to such instability factors Economist compare it with Bubble, but that was the factor in fiat currency. In Bitcoin price is dependent upon demand and supply factors, there might be quick ups and downs but it always stable itself and surpasses every situation.

A bubble is when an asset is tremendously overvalued in relation to its fundamental metrics under circumstances where a sharp and imminent decline in value is expected as a natural correction based on market mechanics.

The reason the bubble argument may not be a good criticism of bitcoin involves bitcoin's growth. Its userbase doubles every 12 months. There is a sharp increase in the volume of transactions which could also be indicative of high growth.

For an analogy, imagine if microsoft's userbase doubled every 12 months. That could mean twice as many copies of microsoft windows would be sold every 12 months which would likely be accompanied by a massive percentage gain in their stock price. Bitcoin's growth potential for the future is extremely high. Growth projections factor heavily into the discussion of whether crypto is a bubble and as of yet there isn't anyone who is addressing this.

because those financial gurus thinks that they always have the reason of everything that involves money, but probably they are right in saying that bitcoin is a bubble, because it is, and we can not deny it.
But if this is a bubble, then we will never know when it is going to explode, because we can still make money from and it and we know that this is profitable for the majority of us.
So why would we stop earning through it? I wont pay attention to them until i see that the price is exploding, otherwise, i will still use bitcoins.

They might be economists, but not everything they know about fiat currency doesn't actually applies in cryptocurrency, especially bitcoin. Don't take their word for granted.
Having said that, they say it is a bubble because of the fluctuation of bitcoin and how volatile it can be.
But to be honest, seeing this type of statements from economists, CEOs, and banks, makes me think that they know the threat bitcoin can become in the future, a threat to their shady "business" that they do behind the scenes, and that's what scares them. My advice: don't pay attention to these people.

I dont think they understand bitcoin and what it truly is. If they did they may not say it is in a bubble. But because people see a massive surge up and no massive surge down they assume it is in a bubble. Bitcoin will be in a

"bubble" for the next 5-10 years you watch. I wonder when it will pop ::)

Economists say that Bitcoin is bubble because we don't know exacly how much Bitcoin is worth. Currently we can't use Bitcoin in common shop, only in internet but also in not much shops. So the pirce 6000$ for current day is in their pinion way too much and it is understandable. People strongly believe in world change that crypto will be the main medium of exchange. And in such case the price 6000$ per 1BTC would be a pretty good looking occasion but as i say it depends of your perceive.

They say that it is a bubble because of the volatility of the price and the massive price increase. Whenever there is a massive surge of price increase or price drop, someone out there says that bitcoin is a bubble. People have been saying that it is for years already yet bitcoin remains to be strong and has gone through a lot such as hard forks and FUDs.

It is true that the popularity of bitcoin has increased for this year as compred to the past year but it does not mean that it is a bubble. Some indicators may make bitcoin seem to be like a bubble, but that does not justify it. Bitcoin still has plenty of potential to grow.

Well some of the economist owns a central banks and some businesses that manage's finance and without a prior study to its features, history and its goals they will just say the bitcoin is just a bubble because the high volatility makes them suspicious to these new type of currency, what can you expect from the most of all if they are economist of the central banks and preferred to support the old banking system rather than the innovative revolutionary currency on the technology. when bitcoin launched it is scam in the present times where is has a sky rocket value it is a bubble whats next economist?

Your economists friends are right based on the price. Anyone could see through that and you dont even need to have a special skill to identify that a commodity that is worth ridiculous amount of money in the past year this year now worth a fortune just because time has passed.

However, the decision will not only be half baked but wrong because focusing only on the price which is mostly what people are doing in making such conclusion without trying to understand the powerful technology behind the model which is the blockchain technology. ike other model that have happened in the past, the blockchain technology have proven to be proof free and as been adjudged even by those who dont believe in bitcoin.

Its high time, that the media started talking more on the blockchain technology rather than price in other to correct the misinformation.

Mostly because it's not backed by any asset. Its value is derived purely from supply and demand, so it could theoretically pop any second. People who actually hold bitcoins know this will not happen anytime soon though.

bitcoin is a bubble for those who have strong hold in FIAT and have a well organized business circulating with out of the crypto cunnrencies ! we can blame them in just a few years they will just an ordinary establsih human again because of capability of bitcoin !

They say Bitcoin is a bubble because it is

Personally, I have no doubts about that and support their claims. Bitcoin is a vehicle for speculation and profiteering so far, it is not used in the real economy as a means of payment. Even when it looks like it is, it is only imaginary because all bitcoins you pay for goods or services get instantly converted to fiat by payment processors like BitPay. Is there a hope? I hope yes, there is. And it could come through massive fiat currency devaluations (like the one which happens right now in Venezuela) where people will have no other choice but use cryptocurrencies instead of the local currency which is being heavily devalued until it simply ceases to be money (like it happened in Zimbabwe)

The thing about economic models is that they are exactly that - models. They take assumptions to simplify things in order to relate it to the real world. More assumptions means a more general model, which in turns mean that it will be less specific, but will also fit for more scenarios. The models economists use to identify bubbles and/or crisis are all fitting well with the evolution of Bitcoin. Charles Kindleberger has used theories by Hyman Minsky to create a model which tries to explain the steps of a crisis. However, these are created for use on a single economy.

Minsky focuses on the financial system itself, and flaws in it. Kindleberger's focus lies on an external shock that causes spending to increase. The problem with using these models on the alleged bitcoin bubble is that the crypto markets are not a traditional economy. There are no regulations yet, and it spans all over the world. With no limitations it's hard to define the extent of the economy. So the traditional models aren't really suited for this.

All that being said, I'm not claiming that it isn't a bubble. The methods economists use are simply not very suited for this kinda thing, as it's too new.

Maybe the same guys that advised investment on MADDOF garbage. Or made clients put money in greek Debt before default? MAybe we are all wrong here, MAYBE, but the famous economists have proved themselfs very wrong already in detecting bubbles. The Technology , blockchain is only and nothing more than the future. If BTC will burst one day and be considered a bubble? probably, but not righ now. BTC is only adopted by a few and will grow more before / if butsting.

That economists you had mention maybe are not really experts in the field. They tried to give us false information and threaten us about bitcoin bubbles. However in reality they have just crab mentality. They don't want us to invest in bitcoin just like them.

I think they say bitcoin a bubble because we are not sure in bitcoin, it can be dis appear any time like a bubbles, but for me i don't care, im still wanna know all about bitcoin.

The French say that any cognac was once brandy but not all brandy can be cognac. Bitcoin too. Now he has all the signs of a bubble, but if you will be able to buy goods and get paid in bitcoins then he can become a full-fledged currency. It all depends on what actions will be taken by the bitcoin community.

When they have nothing better to say about bitcoin, they just say "it's a bubble". Economists might well speak of the great properties of the currency bitcoin and how it is changing asset liquidity or how it is changing the payments market, but of course it is not important, as they did not buy bitcoin years ago when it was worth only a few hundred dollars, so let's just say it's a bubble and soon it's going to burst and bitcoin's going to be worth $ 100 proving once again that it's not a reliable source of trade. Thankfully we do not need any economists saying nonsense when it comes to bitcoin, because they speak badly of what they do not know and this is normal. You will never see anyone speak well of the bitcoin coming from Wall Street (unless he has already bought several coins and tries to manipulate talking nonsense on twitter).

I think there is no way that we can doubt the worth and importance of bitcoin. Bitcoin is in fact the top leading coin in the world of crypto currency and the way it is making its name, there are likely chances that soon it is going to become the most widely used coin of the world. The decrease in market price of bitcoin is quite a normal thing and there is nothing to be worried about, in fact cash those moments.

Indeed, bitcoin has no basis in its own right to guarantee its value. However, the popularity of the market is becoming a major platform for it to go up quickly. In other words, it is the trend of the world, a trend of the times.

Of course, anytime the price goes up they shout " It is a bubble that will burst" and whenever there is a dip; "the bubble is bursting". I don't think there is an available economic model yet well suited to analyse if really it is a bubble or not. Even if it is, it still have a lot of years to go before it can burst.

Nobody wanted to buy BTC when it was trading at 200 USD over 2 years ago and it was the SAME technology as it is today  :D Now surprisingly people say its undervalued at 6k USD.

Remember that price goes up bot because it's a great technology buy because there is a demand (fomo) and big holders aren't dumping. As soon as some 100k+ holders will decide to cash out you will see BTC dumping to 1-1.5k USD.

Moreover BTC mining is very inefficient and consumes more and more energy plus with the rising price the cost of transaction is skyrocketing making BTC completely useless as a medium of exchange.

I think it is becoming popular because of how it is mined. Because earlier, it is time consuming and electricity burden. But more and more technology are being developed toreduce such certain problems. Now it us becoming more easy, people tend to regret it not either mining or buying btc in the early days. As many miners are being attracted the higher its value is increasing.

Everyone doubted electric cars a few years back and now everyone is curious about them. The demand of people change over the years. People now realized that blockchaintechnology is the way to go in the future.

Economists is the important of the country. It will growth country also growth and people also get the more benefit. People will be grow economists is improve the future. and bitcoin also increase the prices. all country also accept the bitcoin. It will growth future and prices is increase day by day. Economists is part of the country. You will easy to gather the country information. Economists is the country improvement.

They have the basis to prove it. However, it is important, how this bubble works, if it can grow properly, it will never break.  8) 8) 8) 8) 8)

They are simply saying it is bubble because they cant seem to comprehend why what is not felt , carried about physically , controlled (and other properties of bitcoin/cryptocurrencies that make it distinct from paper money) could be used as money or means of exchange.

Economists always believe on the physicality of things to be deduced into scientific hypothesis and theories. Thus , when this is not the case , they now consider it as a bubble - meaning itb wont stand the taste of time. I read also that economist in the london hemisphere are the ones usually considering bitcoin and cryptocurrencies as thus.

Well , we are yet to see if it going to disappear as they claimed. Bitcoin has been around for 9 years and changing lives though.

if that was the opinion of the economists, then i think he is wrong. I don't believe bitcoin is like a bubble, because if so, why do rich people keep investing in btc? and why lot of people become rich because of btc?

There were (or are?) some valid points from the general economist's point of view. You have to remember that economists study theory and are taught how global finance and economy works. If you're a realist, you find some holes in those theories and structures, but as well you see the merit of some.

To give you an example of what economists thought of Bitcoin in 2014, maybe you can see this short slide: https://www.slideshare.net/i_heresss/techtalk-bitcoin-burn

I particular: Gresham's law and regulation.

Today, more than three years later, some of their arguments are stronger, but some are not, particularly when it comes to regulation.

Disclaimer: I read stuff like this with some amusement, but it's always good to comprehend the critics.

They must have their own reasons to think or say like that about Bitcoin. Their business is not based on Bitcoin, nor they have any investments in Bitcoin, so they get nothing nor they lost anything by saying something good or bad about Bitcoin to anyone, so the better is not to listen what they say. But to be honest, maybe what they say is not totally senseless, since Bitcoin is just a digital currency, though it has been around for a lot of time now and it has gained a very large number of users by now, and price it has is also to be mentioned, but beyond all that, we should always keep in mind that Bitcoin is not really backed by anything or anyone. If, lets assume, Bitcoin drops its value like hell and become worthless in a year or so, i know it doesn't sound realistic but if it can grow so rapidly it can drop like that as well, so if something like that happens, who will the people blame? Where will they go? What will they do? Since it all revolves around internet without any person or authority associated with it, we can only sit and cry over our losses if something like that happens.

Economist are people with wide understanding of economic money price cycle. I guess they base their bitcoin opinion on Bitcoin price chart. Yup based from the BTC chart Bitcoin is over bought. I believe someday it will explode to tank for a much higher price.

Economist don't give so much time learning about bitcoin this merely the reason why they are not that believing in bitcoin. Up to this moment they think that bitcoin will not sustain in the market and what we are having now can suddenly lost in an instant. Economist believe that tge value of bitcoin is only temporary but since they do not understand sooner in the future they will be amazed how bitcoin change the economy

Bitcoin having potential influence to make everybody rich since take a gander at the market take a gander at the financial specialists proportion individuals will put even from initial arrange in bitcoin so what do you need more from bitcoin. Bitcoin is expanding on every day base which is very valid.

It is not an indicator. Bitcoin is very similar to bubble. But any pyramid always brings good money to those who started to invest money in it. Bitcoin purports to be a currency. But we see that sellers are reluctant to use bitcoin. It can be solved only in case if the turnover of bitcoins in trade and manufacture. Until this will not be bitcoin is at risk.

Well that is how a bubble works people give Bitcoin their perceived value without any financial background backing their claim. There are no fundamental indicators but purely technical ones on determining only the flow of the prices but it cannot give us an exact fair market value for Bitcoin. Comparing it to stocks if vompanies you will no financial performance of it and also comparing it to fiat currency there where a country's economic performance is areflection for its price.

Big economists says that bitcoin is a bubble because they doubt it for it's fast increasing price. Probably if they got to know more about it, they might get interested with btc considering that it gives off faster profit than stocks. It's adoption also increases day by day which makes it go upward and downward depending on the latest happenings. I also think that some economist have already invested on btc but for some reason they are trying to get people away from bitcoin specially newbies.

That looks like a translated sentence from different coin. Well, what I understood I will answer that one. The economist will say many things about bitcoin obviously in negative way. But the original review must be taken by people like us who are actually using it in daily life. The value is power, agreed to that, and why don’t you see power in bitcoin after knowing that it has already surpassed the ounce gold back in early 2017. I mean isn’t that is enough value for bitcoin to have great power. The applications are increasing as well which means it is more than gold which is just metal and nothing much.

What i have observed that economists are good with the fiat and paper money, they don't have any well awareness of bitcoin and cryptocurrencies. And one more thing mostly economists are linked with banks and government that's why they don't want to convey positive aspects of bitcoin and cryptos.

It is right not of the people who have invested the money in the bitcoin for those who are having the soft price and the low income of the bitcoin. In the future the bitcoin value was not very high but now the transaction of the bitcoin is high and the people who are investing in it are having the strong faith on the bitcoin, for sure a lot of the people are using bitcoin for the increasing price.

They will always say that bitcoin is a bubble, they don't know what they are talking when it comes to bitcoin.

They have no ears to hear those people that will say that bitcoin is one of the best investments that existed to their entire life.

I don't even know why they are called economists because they are not the usual economists that we need and they are all saying what's on their opinion.

I probably would have believed you if you talked to just a 'small' economist. And why is that? Because, "...time and time again, the majority of economists make spectacularly wrong calls, and it is a small, despised minority that gets it right [emphasis mine]."  This, from an article entitled Economists have a century of failure behind them (http://"http://www.telegraph.co.uk/news/2016/05/18/economists-have-a-century-of-failure-behind-them-no-wonder-they/").

'Nuff said.

Not exactly the same technology cause new BIPs come in. Bitcoin is kind of auto-developing payment system and I think it is a good alternative to centralized way of upgrading software.

In my personal opinion, BTC is some kind of bubble, almost for sure. % gain in so short time is so huge, that some kind of major correction is very possible to see. BTC is smart idea and is something major for many people, but better potential as BTC I see in blockchain, as in BTC. Bitcoin will be more like store value, as payment option.

Food for thought.

Amazon's stock price has jumped from $18 per share to nearly $1,000 per share.

http://i66.tinypic.com/qq2vys.jpg

Warren Buffett's berkshire hathaway stock has gone from $290 to being worth $284,570.

http://i64.tinypic.com/34yxxdt.jpg

Here we have examples of tremendous growth being sustainable in the financial world.

I think that the area where economists have trouble is, they don't make an effort to differentiate between bitcoin's growth and the growth of stocks like amazon and berkshire hathaway.

There aren't many economists who have real world experience trading or applying economics principles in a way that is reliable or consistent.

I think very little economist may have the same view. but i am sure that majority of them will consider the increase in the price of bitcoin as solid one. i am sure that the increase in the price of bitcoin is due to the high demand and interest of the people and we can see that their demand is still increasing from time to time. Therefore we can expect to see the price of bitcoin trading in more high price.

I do not think that they have any solid reason for that, they are just giving their own view about that, but it is not necessary, because bitcoin popularity and the increasing demand of bitcoin is a good proof which shows that bitcoin is not a bubble but it is trading in its original price. I think bitcoin still have more potential to increase its price.

Well I don't surprised that the economists are actually judging bitcoin just to make it looks bad, I've seen so many stocks increasing its price rapidly just as well as you mentioned above.
The difference is that, maybe, the stocks have real company whereas bitcoin is just a digital cryptocurrency which price pure affected by the buyers and sellers

Actually not all economist are believing in crypto. Maybe that economist is against bitcoin and he/she tell something about bitcoin that it won't really happen in real life. As bitcoin is already making a great history in the blockchain, I don't think that it would lost its value in the market.

The economists say bitcoin is a bubble because they cannot believe that the price of bitcoin is growing so fast and it is unbelievable for them to gain a stock like bitcoin for a lot of percentage in just a year. In my opinion, we should not listen to them if they will say that bitcoin is a bubble because we all know that it is not true and we all know that bitcoin is a great investment.

Free market economists don't have any issue with Bitcoin, buy yeah some other economists are sceptical about Bitcoin and you really can't blame them. We haven't seen something like Bitcoin before, but taking its exponential growth into consideration and applying well-established empirical and theoretical studies, some economists conclude that Bitcoin is a bubble. At the same time some of them don't ignore the possibility that large-scale Bitcoin adoption would weaken the centralized financial system.

Nobel Prize winning economist Milton Friedman who extolled the virtues of a free market economic system and believed in complete economic freedom predicted something exactly similar to Bitcoin about 18 years ago.


When Bitcoin is finally here, some economists do really have a hard time grasping it.

https://www.coindesk.com/economist-milton-friedman-predicted-bitcoin/

Good input. I didn't know Milton had said this, but he's a clever man, so I'm not exactly shocked either. However, Bitcoin might only be the start of the revolution. The transaction costs are so high that it isn't suitable as a means of payment. Therefore I think there's still a real chance that Bitcoin is in a bubble. Other digital currencies (like the upcoming Universa) might be better suited as a "reliable e-cash".

One of the reason why people or govt does believe that it is bubble because you do not get anything in physical form. Everything is virtual. As its a virtual any day it can get wiped out and your hard earned money if invested will be gone away due to which they feel the fear and say it a bubble.

The main reason of economist calling Bitcoin a bubble is to compare that with some stocks or shares which had similar growth pattern as Bitcoin. A tremendous increase in price without any backing value means that growth is hollow and highly speculative which has the maximum probability of ending up in tears. But what I feel is that they forget to understand that bitcoin is not stock and is providing a different type of financial system. The growth can't be compared with any existing system.

Maybe many point to it but no it is not in bubble. People saying different things but they do not know true. Bitcoin market have long way to find yourself in bubble

The bubble means something that is like a magic in economics. Something that can not be tasted nor handled or felt. It could be termed as such because of the nature of bitcoin.

The economists seem to find it difficult how it is called money and so they refer to it as a bubble but we all know that we are getting financial benefit from it anyway.

Mybe because bitcoin only sparate data not have a phisik form and more like an uphoria when the show is over than bitcoin blow like bubble.

good comparison,
it could be that the worries that will be faced by many countries with the freedom of saving people in saving the money without asking to think of pieces of interest and others as his

Bitcoin can be a bubble, it can expand like a Bitcoin value, with no stops, and when its capacity is overloaded, it will explode, like a bubble. If we do not provide a broader market or new quantity then this is likely to happen

Most Economists are straight up idiots. They've memorized volumes of books, but are incapable of observing and understanding reality. They also grossly oversimplify everything and then pretend that they are doing "rigorous quantitative research" - which is bullshit. I had to laugh real hard when I saw what a "Master of Science" in Economics means (the lectures are a joke).

I don't think these economists are wrong

Indeed, Bitcoin is not like your stocks but if we compare it with the dotcom bubble and stocks of the companies selling air back then, which got heavily inflated, we will see a lot of similarities. And it is this lack of backing which is what similar between Bitcoin and the dotcom bubble stocks, even if Bitcoin, internally, is a "different type of financial system". In fact, it offers absolutely the same that those stocks offered, i.e. speculative growth. This is what's common between Bitcoin and the stocks in question, and this is what gives the former value today and gave value to the latter in the past despite them being different types of assets. In short, it is the same speculative growth under whatever name

Those similarities are between the dot com bubble and ICOs though, rather than Bitcoin itself. For as long as Bitcoin remains the entry into the crypto market it is bound to keep increasing in price. This won't really change until Bitcoin becomes unbearably weak compared to a popular and much more efficient altcoin. And that altcoin would have to be one of the default denominators for altcoin exchanges as well.

Economists don't really work "for" the system. They're just stuck in it and can't imagine the world without it, because that's the only thing they're getting force fed throughout their entire training and career.

When economist calls any currency as a bubble, they means that the currency is overpriced or oversubscribed. But this rule is not applicable to bitcoin as its a peer to peer currency protected by blockchain.
Currency Bubbles are made by group of individuals with bad motive.This is not possible with bitcoins.
Most of the currencies of the world are centralised one they get manipulated by the governments.
Bitcoin is a decentralised cryptocurrency, one cannot control or manipulate it by any way.
This autonomous status making bitcoin more and popular day by day.
Which has created fiat currency using lobby in deep fear and they started making bad publicity about bitcoin.
Nothing else.

analog economists are missing the toolset to describe the virtual happenings right now.

the more people get involved in bitcoin, the stronger it becomes and gets farer from a bubble. the books those economists studied said that there should be an asset behind money... real economy, managing body, supply balancing demand. btw how can anyone economist say bitcoin is overvalued? against what?

Its not new anymore in my ears on where those economist would always target bitcoin and saying up things like this that it is a bubble.Most of them would really say such thing because bitcoin doesnt rely on something and its not being backed by something which when they saw up the price do rise up a lot they do already consider it as a bubble without even thinking that such price increase isnt being built by hype but just a pure support of the community.

Fiat is backed by nothing as well, so those arguments don't hold at all, so their arguments just further invalidate their own claims.

As the price can climb up yourself? Needed for this reason. Support of the bitcoin community is the word. If we imagine that bitcoin is a joint stock company that his life depends on the owners of the principal amount of coins or shares. It's like someone more comfortable. It seems to me that 90% of the coins from whales. It all depends on their actions. They control the market and successfully manipulates him. If bitcoin is not a bubble then what is he?

It can explode at any time like a bubble, and it's almost impossible to predict so always be careful in investing.

Yes bitcoin need a big support from its users. Bitcoin is depending on the interest of the people. if people will remain as interested in bitcoin. then no doubt that bitcoin will continue to become more and more popular and its future will be as much more secure. In present time i think there i no doubt that bitcoin has a big support form its investors side, because even after hardfork they are not letting the price fo bitcoin down in any condition.

I think that the interest of the people in bitcoin is already increasing. In my area in very beginning the bitcoin users were not so much  but now with the passage of time their number is increasing. and hope that very  soon all the people of the world will be using bitcoin, because bitcoin is the need of the day and will be using as fiat currency for everything, for which we are using fiat currency.

I don't think bitcoin is a bubble as economist say, although respect its a one way criticism by them. Why because most of the economist there money are run through fiat. They defend what ever happened just to make sure all the people will no longer trust to the digital currency or cryptocurrency.

Bitcoin is profitable so far, that's why many people slowly get interested and involved of it, it is not used in the real economy as a means of payment because it is decentralized as we know.. Even when it looks like it is, it is only imaginary because all bitcoins you pay for goods or services get instantly converted to fiat by payment processors.

Economist say that bitcoin is a bubble since it is a decentralized system and even though how high is the value that bitcoin reach then it is still a bubble for them because it is not being back up by any authority of the government.

The thing is about this economist's are they dont know what and how bitcoin truly is or truly works they see it as an asset for investment but it can also performed well in sending and receiving transactions. Bitcoin already graduated from bubble and volatility the price in not just a hype but stable as it is invested by institutional investors, countries adapted it, good developers with millions of support with its open soure platform and merchants using it as payments for online or offline payments.

The economist call the bit coin as bubble because they don’t believe in bit coin prices as the very fast speed of fluctuation of prices but they cannot ignore the fact that the fast growing bit coin rates will definitely affect the centralized economy of the country.

Many people have been saying nonsense about bitcoin. I don’t know why they specifically target bitcoin, why not any altcoins? Those can also be thought of as a bubble. Not all the economists think it is a bubble but those who have passed such statements are either unable to understand the new technology or are puppets of government. Whatsoever the reason is, bitcoin is not a bubble and it is the future of our money.

I think economists can not explain bitcoin or it's growth by a typical economical theory.
Bitcoin is creating a new era of economy.
It is changing the economics and monetary policy.
It's value is not decreasing because people have high demand and it has very little limited supply compared to fiat.

Economic experts mostly have biases. They have the tendency to lean to the one supposed who have the ability and resources to pay for they’re service. Bitcoin will never give money and support to them because there is no one to represent it, not like our banking/financial institutions who is organized and have a team dealing and paying experts to they’re advantages.

Most of the economic experts are like that. They are just getting paid to tell their biased opinions or predictions about a certain thing like in bitcoin that most of the economic experts and some of the people that has a big name tend to say negative things about bitcoin and that is why the price of bitcoins changes but it doesn't mean that because of the volatility, the bitcoin is already a bubble because being volatile is just common in bitcoin.

Anything that rise in price dramatically can be called a bubble. Property market, stock share and now Bitcoin. Economist may say that, but I am not 100% sure if they really understand enough about cryptocurrency. Bitcoin may not be backed by gold, but compared to dollar there is big difference - mine 1 BTC cost 1000$ according to John McAfee, and print 1000$ cost how much? Ink + paper in short.
Bitcoin is not backed by gold, but have limited supply, cost money to mine, and for sure will hold and increase in value.

Governments dislike Bitcoin because is not controlled by them. Banks hate because is competition. Economist try to evaluate but there is nothing like this to compare and maybe that why is for them hard to say anything good so they follow books rules and call it a bubble.

Economists say what they think that is right and they see Bitcoin as a bubble because it grows so rapidly in just 12 months, when you invested a $100 of your money exactly 1 year from now you will get times 10 of it so you will be getting a $90 profit and there is no such legitimate things can do that nowadays except cryptocurrencies and for me that is the main reason economists said that.

Imagine you invested in year 2010 with Bitcoin and you will be so shock with the massive growth of your money with this year Bitcoin's price, this is a revolutionary digital currency that is making history and people who are telling positive and negative things about it is just normal as there is no thing that is perfect.

I don't think they call it a bubble because of massive price surge as everyone said, what I feel is that like how fragile the bubble is...how easily it inflates and suddenly brusts is what they are saying about, meaning bitcoins attains high price suddenly and suddenly their price decreases a big deal. This sudden fall and rise is what makes them compare the bitcoins to bubble

Anyways don't think about the economists what they say , what they write they promote their companies , MNC's ,banks and all they won't give you an honest opinion ever except for one or two out there.

Same here I am not having the thinking about the bitcoin like this because the bitcoin is the simple and the value will give us the high facility indeed. The bitcoin is increasing in the power and the people who are saying the bitcoin is the bubble and the bitcoin will disappear in the future but the according to me the bitcoin is the best source of the income and it will be more famous in the future.

If you actually speak to big economists they should have given you the reason why they are concluding that bitcoin is a bubble because from the way I see it, it seems you are wanting us to give a reason for their own conclusion which does not work that way. The argument they put forward with reasons is what we can either agree with our disagree with our own fact as well. Either way, whatever their reasons are, I am sure its not informed.

This crypto currency is really making a news today because of sudden pump I understand why economist thinks that bitcoin is a bubble imagine from $2700 in few months it reaches to $6200 this thing no other kind of investment can offer the same. Economist believe that the higher the return is to have a higher risk of failure. Maybe in few years after bitcoin became stable economist will soon believe in bitcoin an its capacity to appreciate this big.

This puts it extremely well. This type of growth has never been seen before, so it makes people who believe such a rise is impossible think that it is a bubble. There is a first for everything, and I believe this growth to be sustainable.

Because it is virtual money without taxes so that government will not support it .

Most countries Ban bitcoin that make it hard to exchange

Lol. You sure are a big guy to be abke to talk to big economists are you?
Well, these economists that you speak of are people who know little to nothing about how crypto currencies work. These people often base their worthless opinions on baseless rumors or hear says. Although this may not always be the case, these are most likely what happens. And those people whi really does know a lot about crypto currencies often say bullsht about bitcoins because they want to decrease the people using it and about to use it. Either because of wanting to buy at lower prices or because they run businesses that are mainky ran buy fiat and banks themselves.

That is what i think.

Lack of trust maybe. We have seen so much scams right here, every day that now, and people getting to start thinking of all the online jobs and everything through internet is just a scam. They are not ready to accept this virtual thing.

Like when you ask anyone about bitcoin, they first say, oh man get up. You have to be careful, it is all scam. Same happened on the wider level with bitcoin.

Just proves that people repeat things without checking or understanding them. Which is why I don't believe anyone anything, unless I understand it completely myself. Rather miss out on profits than trusting someone.

  Economist or the people who have a control on some portion of economy may not believe on Bitcoin future in the first place , because the only currency theyve only rely on is the fiat or the dollar base currency where each circulation of their investment have an initial proportionality on every portion of their investments like tax and reform. They do not want to have an unsustainable matter in part of their economical investment becasue they do not know bitcoin system as a whole.

Yes it’s economist on one side Nd the financial institutes which blame the bitcoin and its viability always. The day won’t be far as we say but I don’t understand how far it is because we are already seeing the breakthroughs of bitcoin that it has made recently. The price of 6K USD is not a joke and stil economist are believing that it’s a bubble. I mean economists are now looking like a joke to me. ;-) Anyway there was swift tech once and now is blockchain which legal authorities will accept in the future and will try to break the limits of application that bitcoin can do. Then we will talk about the bubble.

All people are living in the past when bitcoin were knowed by a few people wich made the price to reach 1200 dollars and then the price has just failed. Into those period bitcoin were a bubble, a few supporters and holders of bitcoin, now we do have a big enviroment and investment around bitcoin wonder where those economist keep saying its a buble, these days i saw at tv some economist talking about bitcoin and well he didnt knowed what he were talking about, its clear those people are afraid to acept and recognize bitcoin.

they're saying that btc is a bubble when the price difference in a year is so much. just like last year what is the price last year compared today its a big difference that's why more economist saying and predicting the price of bitcoin will goes up to $25000 5 years from now.

Well in my opinion economist are mostly highly speculative when it comes to valuing goods, setting realistic prediction through modals and experience is what they are proficient at. It's no doubt that the surging price of BTC that went up 1000% in months are certainly off the charts when you observe any other economy in the world, i would take their words with a pinch of salt as they generally don't understand the backbone of bitcoin's success, the revolutionary block-chain technology that is capable to change and connect the world.

Maybe somebody says that  bitcoin is a bubble because it can be vanish it can be lost and it will not stay forever. Even the property that we have now, the money, the job or the oppurtunity that we have now it can be lost. That's why some of the economist say that bitcoin is a bubble but for me if bitcoin stay it will help a lot of people who wants to have a better live, they can give chances to other.So as long as bitcoin stays use the amount that we get or save it and spend it on the things that we can use in the near future for our family.

i think the reason why they are saying that bitcoin is a bubble, is they are trying to incorporate what they know from school into bitcoin, however they failed to study the economics f bitcoin itself, what they know is about the fiat and old economy, they haven't got any subject that will relate in today's economy. what i see, is that they are comparing bitcoin with the dotcom boom, since the relationship of bitcoin and the dotcom boom is technology and both uses internet, what they failed to see is comparing bitcoin with gold, since bitcoin is currency and not a tech company. they should also consider the fact that bitcoin can be used by all, and not just by where they live, we also have economists here, that are saying that bitcoin is a bubble, but if you take a look at the person's background, it is true, they are economists by profession, but they are not investors. it is sad to see that people who say that bitcoin is a bubble, haven't tried investing in bitcoin yet and i think if they did, they might change their mind, they also should take a look why did the rothschilds and other personalities invested in bitcoin.

Economist are afraid of cryptocurrency that's why there making a negative report like bubble and etc.Economist uses fiat money and bitcoins value towards fiat is so high and their afraid that big investor will adopt to bitcoin which is near the truth due to its making noise in every corner in the digital market.But i believe that their speculation is not true because behind the bitcoins organization are the people who have brighter minds to continue support the bitcoins evolution.

These economists are simply sticking it out with the traditional views and notions of the economy. These are the ones that are considered conservative in terms of economic development and innovation. But whether they like it or not there will always be a revolution in the economy. New territories will be created and discovered. Economics is not stagnant. It is dynamic. There will have to be evolution in the world of economics and the ones that will survive are the ones that are flexible.

I don't think its in a bubble but it is traded in a very volatile marketplace with the only reason for major price drops have been the China ban and hacks, as long as adoption grows so will the price - that is the most basic economics there is! Once accessibility issues for the non-tech savvy public are resolved and they also realise you don't need to buy a whole coin growth will accelerate.
In regards to economists coming out against it the very reason is goes against almost everything before it, you have a nation-less currency that is ungoverned and isn't in a physical state. The tulip bulb reference is crap, the same can be said about gold.... it had no value until some else wanted it.

While i think that there is amazing potential for growth there will also be some set backs as governments around the world protect their own interests, by getting in now you will still be one of the early adopters and buying at a discount.

indeed the bitcoin is intangible, although it is not tangible but still used by many people. so economists can say that bitcoin bubbles. because it is that the bitcoin does not exist what it looks like and how.

Fiat currency is not tangible either. It's just an imaginary number on paper, coins, or bank statements.

Bitcoin has a fixed amount in existence and i don't think that once it is all mined and done, there will be any other way where new bitcoins will come into existence. These economists actually don't know what they are talking about at all.

If there is enough consent for a new protocol, the total supply could be increased as far as I'm aware. But that would probably destroy trust in Bitcoin and be a very desperate measure should it ever take place. I agree that most Economists have no clue about reality though. The only ones that I've come to know personally that have a deep understanding usually studied Mathematics and then switched to Economics later on, which is rather rare.

Most economists are really poorly versed in the crypto currency. Their thinking is limited to the Fiat and the laws of the economy, which are built on the fiat. Therefore their mind is not ready to accept a new era in the world of finance

Imagine that you’re asked to occupy the position of those economists, and you’re making great income from the business, then comes Bitcoin to spoil everything for you… will you just sit and watch what you’ve worked on for years get destroyed? No way, you won’t… you will say something to promote your own business.

Yeah, the economics law is not applicable to bitcoin and crypto's. The price is based on different factors like speculation, demands and others. Those economist doesn't seem to understand all of this and how the market moves. They haven't seen anything like this before. This is a new technology, new revolution. We may see that the price dip today, but in less than 24 hours the prices jumped $1000, how can they explain that? What law is applicable then?

The economics of the traditional world and the crypto world are the same. Most Economists just simply don't understand either of these, because they are only "book smart" and don't understand how the books were created, thus they can't draw conclusions on problems that vary even in the slightest from what they read during their "training".

Just because their is a huge rise in it's price in a short period of time , economists think that this rise not geniuine and consider it as bubble.But i dont think Bitcoin is a bubble. People are getting to know about it's calliber and that's why the demand is increasing which is increasing the price .So the price is geniuine .

I think those are not economists who said this foolish verse, because I think these economists do not see the people who are investing in bitcoin in such a large capacity and the market cap of bitcoin is increasing day by day. Bitcoin is the future currency of the world how can it be vanished in the air? It is not possible for anybody in the world to erase bitcoin from the page of the future.

If a better coin comes along, Bitcoin can vanish very quickly. But it doesn't seem like this will happen anytime soon.

Mostly the so called economists are backed by financial companies or just lobbied by them.They just blindly term bitcoin as a bubble or as a fraud just like jamie dimon.Some even term it as a tulipomania.

Either they just want to show it down or just create uncertainty among bitcoin investors.

A bubble is a thing where people invest blindly in a stock or asset much more than it deserves.Here,we actually don't know what value bitcoin deserves.Its the trust kept by people over it on seeing its performance that has made its price to rise.

Its demand is steadily increasing and we could not find any reason for people to suddenly lose their interest in it and sell at once.

The economists claim that Bitcoin is a bubble basically for one reason: the liquidity premium of (or, in other words, transactional demand for) bitcoin is huge relative to its intrinsic value (IOW, the value you get when the music stops).
Since bitcoin is actually the first asset to fully conform to quantity theory of money, most economists are perplexed.

Could you expand more on this?

What do you mean by liquidity premium (transactional demand)? If you mean transactional utility, then it is pretty slim in Bitcoin since Bitcoin is not used as money. It is a vehicle for speculation (the proverbial "buy low, sell high") but once you inject your bitcoins (or other cryptos, for that matter) into your exchange account, they mostly stay there, i.e. you don't transact with Bitcoin as much as you use it for speculation. So it is really minute in comparison with demand for Bitcoin as a speculative asset. Also, I'm not quite sure what you mean by Bitcoin's intrinsic value. As far as I can say, there's none

I agree that bitcoin does not have any important intrinsic value. By this I mean that it is not a security entitling the holder to anything and that its objective, market-independent properties are almost useless (cryptographic timestamping on [Suspicious link removed]es to my mind as one). Bitcoin's value comes almost solely from transactional demand for bitcoin and expectations of future transactional demand. It is not the same as demand as a payment service for coffee or t-shirts, but rather demand for a liquid asset, which is easily transferable globally and which is able to settle even large transactions swiftly, reliably and pseudonymously.

While it is true that speculation is the main driver of bitcoin volume, but those who believe bitcoin prices will rise can do so based only of future transactional demand (or are irrational but lucky). Every time one does the calculations like "imagine bitcoin will be the size of VISA" or "if 1% of global capital markets' funds were directed to crypto..." one is estimating the future liquidity of the asset. Anytime short term trader looks on the charts in the search of the technical patterns he tries to estimate money flows. And in fact speculation very positively influences bitcoin liquidity and the premium people will pay for such liquidity. So it is a positive feedback loop.

Sure, bitcoin is not money, since it is not a unit of account anywhere, but it is a (small, nascent) medium of exchange. And since economists are accustomed to seeing large liquidity premia on monetary assets and not on (virtual) commodities, they shout "bubble"!

Nobody can say for sure, for now you should have a war chest and invest using common sense. At least for this transition period

Some crypto currencies are very overrated today. Their real value we learn with time. Perhaps this bubble is also undervalued

There is a lot of better digital or alternative currency than bitcoin, still bitcoin is popular and pricey and still sitting  a top of all of it. It just means that bitcoin will never leave the top and will never go down, bitcoin is not a bubble because if it is, it must popped up a long time ago.

we dont know whats on their minds. maybe they're just testing how it will resist like what Dimon did. maybe they're just discouraging people so they can buy some time to hold more. possibilities are endless.

The real question here is why didn't you ask them when they told you that. Maybe contact them and ask them. We might have things to say in here but they probably have a deeper explanation since they are economists. I think that the reason they told you that is because bitcoin is a speculative asset. At some point, the price is doomed to go down significantly. This is totally normal to all markets that are based on supply and demand law (which is basically all markets) so their argument cannot be easily proven wrong.

You will see that once bitcoin experienced a major dip, they will come knocking to your door saying, "I told you so." even when bitcoin is only down momentarily.

I seem to understand what you mean

Basically, we mean essentially the same thing. I talk about transactional utility which is a basis or source for what you call transactional demand, or rather expectations based on future transactional demand. If I got your point correctly, you mean that people (some people) buy Bitcoin because they hope it will be a future medium of exchange when it gets universally accepted worldwide as opposed to folks buying it exclusively for the purposes of speculation. That said, I don't think this demand is great, I'd rather say it is small, if not to say tiny

I thinks's economist say bitcoin a bubble because of the worldwide ledger  process in cryptocurrency world,but the reality its continue to grow  and decentralized in the blockchain market.economist have there own analization in the economy happen, but in terms of cryptocurrency its different.

Some of the points raised by the economists are fair and straightforward. One big objection about the overpriced, many economists are thinking that if bitcoin is put in actual use then its real price will be determined. And that price will be very less than what it is now.
At the same time we have seen people time Dimon who used their position to manipulate the prices and when prices were low they swoop in. However with this kind of approach, you succeed only once. Next time Dimon will not be taken seriously. Other people who are negating bitcoins is purely based on prejudice and lack of information. And some being simply bank-media shill.

Some of these economists you see these days are just fools, and you should never listen to those foolish ones, I don’t even know how they got through to become economists. Yes, it looks like a bubble, but some of them uses the bubble word as a way to incite people to believe that Bitcoin is scam and rubbish.

yes they are a realist too , they don't want something that looks like too good to be true , with the current price that nobody else really know what causing all of it , i mean the real factor that could make them feel not insecure.

as of now the volatile happened so massive showing a bearish but it keep growing and for them it is doesn't makes sense.

Bitcoin isn't at the top just because of its algorithm. It's also in a unique spot that makes it a requirement for those who wish to invest in altcoins.

Firstly, bitcoin is not money, because money must be a commodity.  Secondly, the current market of cryptocurrency is fully suited to the description of the bubble.  Optimism, with respect to bitcoin and cryptocurrency in general, is off scale.  People are becoming more and more convinced of their belief that bitcoin is a reliable and super-profitable investment tool.  The higher the price, the more people will want to buy tokens and earn a lot of money.  Accordingly, the growth in prices is affected only by the assumption of reliability and prospects. In other words, the ascending trend of bitcoin may be a herald of the future collapse.

Money doesn't have to be a commodity, and most of fiat money today definitely isn't. Bitcoin is also legally recognized as "private money" in some countries already.

Bitcoin have huge market whose can not be in bubble. Maybe in 100 years but not now. I am sure about this

Bitcoin is probably going to lose its spot at the top much sooner than 100 years, although it should still take several decades.

Yeah, I think we agree on the transactional demand part.

I do not place speculative demand in the opposition to transactional demand - in fact, both reinforce one another and the speculators essentially have to estimate future liquidity flows to be successful. They don't have to be conscious of that fact, though :-)

For sure bitcoin is not the bubble and they haters and the rumors are spreading the news like this so it is not good to listen to them and acting upon what they are putting in our mind I hope in the future all the investors will buy the bitcoin and they will prove that the best ever currency is the bitcoin and the price will also go high and the bitcoins has the large potential for the jobless people as well

"For sure not a bubble" is just as naive a statement as "for sure a bubble". Fact is, nobody knows what is going to happen.

Personally, I think that due to bitcoin's nature being digitalized, traditional investors are finding it hard to believe that a digital currency can conquer fiat currency which has less security compared to other types of investments. Following the dotcom bubble that happened around 1990s, the internet-based companies started to grow and it showed tremendous results at first. After their excessive growth, the industries suddenly collapsed creating a bubble at first and failed at the end. They think that bitcoin will be similar to what happened to the dotcom bubble due to their nature being on the internet.

Source: https://cointelegraph.com/news/why-traditional-investors-tend-to-think-that-bitcoin-is-a-bubble

i think its because the bitcoin price is too volatile and can make people confusing with the price and because they can not predict with precisely where the price wants to go. beside that, there is many news that don't want bitcoin price is increase too high and will makes bitcoin price is fallen but people now is not to be panic because they know that bitcoin will always go back to high after the fallen. and now there is many good things that will makes people calm down and not panic and bitcoin will increase more in future.

They are just spreading FUD so they can take advantage of the dips and buy a lot more. Or they are not into bitcoin so they will make malicious attempt to bring down btc.

Some of them neither try to bring Bitcoin down nor are into it for the FUD. They just don't process unfamiliar information well.

i think bitcoin is oppose to what they use to believe. they only see fiat money as a legal currency and bitcoin is not. economist just want bitcoin to down so they make negative comments but they do not know the purpose of bitcoin.

I think economist thought of bitcoin as a bubble since bitcoin is not even declared as official curency to any country, still it is considered as digital currency which only works online. They must have thought that once the website has been blocked everything in about bitcoin is already gone.

The bubble is possible for bitcoin, I can't say they are all economist wrong but in my experience I were seeing about so many flash crash to the bitcoin. This why they are all calling the bitcoin as a bubble.
The flash crash give an evidence about the unstability of the bitcoin

Because they want to buy cheaper BitCoins and profit. Speculations!

Because they think of it as no value. Unlike gold which is a natural resource of our world. But Bitcoin is an algorithm. It is a system based on Mathematics. So I don't think Bitcoin is bubble. I think they just want that people will be afraid of buying Bitcoin or have negative thoughts about it because they don't want Bitcoin to be superior that they cannot control.

In my thought. BTC is indeed getting overbought for, lets just say that BTC is being easier for people to invest money just by using internet. While the economy is being low because it isn't working right for the other people are working the btc instead of helping the community rise its economy.

A large part of economists which says that, don't know what bitcoin is

It's hard to overbuy BTC when it can be used as a currency, as an investment and as a vehicle for altcoin investments all at the same time.

Economists are still preaching old modes and they are not well aware of this coin and those who are saying gold is best aren’t they seen the prices of bitcoin how up they are and gold is now an ornament and one thing is for sure that those economist who are saying it bubble will soon invest into it and it has happened in past and in short bitcoin has taken over the seat of most profiting investment and hatters are jealous.

Bitcoin is not a bubble and such people really don’t know anything about this. What is reality that is just opposite this statement of theirs’? And like you said, they actually don’t know really what bitcoins and what is this all about. They are from the old economic world who don’t want to adopt the newness of financial world. Still, hope they will learn and see the reality.

The bubble it is something which has no real value under itself. Bitcoin doesn't have it. It only has some value in minds. So yes it is a bubble

Economists consider Bitcoin as a Bubble due to the sudden rise and fall in value of Bitcoin or in one word highly volatile factor. I think Bitcoin being highly volatile due to which it is considered that it will act like a bubble and burst creating problem in the Economy. But it is not true Bitcoin vale is determined by buy and sell orders and forming a bubble like situation is hard to happen.

Strictly speaking, this is not quite so

Bitcoin certainly has value as a payment system in and of itself or, at least, it had some before other cryptocurrencies sprang up, which are more efficient and innovative than Bitcoin. And this is not something which you can easily write off. There is a need for a decentralized payment system given that the Internet has taken over nearly every sphere of human activity. Though I agree that this real value, or utility if you please, doesn't quite match its current price, but there is still a hope. I mean, mostly for other cryptocurrencies that are more efficient and not so outdated as Bitcoin

Yes, Warren Buffett, famous American economist really called recently Bitcoin a bubble. He said that it is absolutely impossible to evaluate BTC, since it is not an asset that has value, and never easy to predict its value, which changes so often.

But problem is that all banks is bubble also!!!!!

There is no reason to deny this fact that no one out of us actually knows what is going to happen in the coming days as future is very much unpredictable. As far as bitcoin is concerned, I really don’t think so that bitcoin is bubble. Yes, bitcoin is very much volatile in nature but this certainly doesn’t mean that it is going to lose its value and that too in the coming days. Bitcoin will continue to make its name.

Since the tie this concept of bitcoin and other crypto currencies has been introduced to this world, the behavior of bitcoin is very much unpredictable. No one out of exactly knows this thing that when the prices are going to increase or going to fall down.

It is very much difficult even for the experts in the field of economics to predict anything about bitcoin. This is just their assumptions and it will prove wrong in the coming days.

They say that bitcoin is just like a bubble that soon will disappear but I don't believe them. Many countries is now accepting bitcoin as a means of their payment. This is a big step for every country must also accept bitcoin in transacting.

Yes being a new intervention bitcoin is a new thing for the economist and I think that there are a lot of fluctuations found in bitcoin some time it goes to 6000$ and at the starting times the price was less than 500$ which is showing a great fluctuation that’s why economist consider it as bubble.

Economists consider Btcs as a bubble but it has no defined worth. It could be near to extinction at one time or get to the highest level of the rating values in the other.

Therefore it has somewhat similar behavior to a bubble due to its volatile nature. The payment method via currency of virtual nature is becoming common day by day and hence it is valuable in the monetary market.

One thing you should know is that all of them says thus with different reasons in mind, some say it in support of bitcoin, while some it in a way to kick against the crypto currency. I have seen lots of economists say that bubble word but when I ask them, they give different reasons.

One of them told me that Bitcoin is a bubble full of speculation and that those investing on it now will be making money, but when government finds out that people are starting to lose their money in it, they will shut it down for good. 16.6 million mined, I don’t think anyone should take Bitcoin as a joke, we are getting close to the 21 million.

 Well economist said that bitcoin was a bubble because  they are lots of theory they are just predicting even if the basis that they reffer is really not true they say something diff.maybe bitcoin is not really a bubble because until now bitcoin is alive and with a high price running and maybe it will continue to rise in tbe next day or maybe a month or in a couple of year .

Economists call bitcoin a bubble because of the fact that it is a decentralized currency meaning it is physically not controlled by any authority and thus had no control over uts existence in the first place. Also because bitcoin inventor is not a specified person thus no one can actually predict the future of bitcoin as to whether it will riae or fall. It is gaining more and more popularity but still it is also the most volatile cryptocurrency available in the market which make economists refer it as bubble

That's what Economists don't understand. Bitcoin can not be shut down. And any country that shuts Bitcoin down will just hurt itself in the process.

Bitcoin is digital gold, it cannot be counterfeited so its very appropriated to become a medium of exchange this is good value of bitcoin .

I think because mostly they are not a bitcoin users, so they wouldn't know how good Bitcoin is and just excute Bitcoin with their thoughts.

Probably because it is a decentralized currency, which is not tied to anything. The rate of which rises by 1000% for a short period. The fact that anyone can create currencies with any emissary, then that the market is easily speculated

whos that BIG ECONOMISTs?and what economy they are stands for?specific country?(ofcourse its impossible that you have talked to world economist with an S)most of the time those what we called economist only favor for what interested them.they are really not for the peoples concerns but for the concern pabor to them.

They say, and at this time they buy)))

Indeed, it's not overbought because, people investing their own funds to buy this cryptocurrency and live market which is having live traders proves that the price trully right and people paying this amount for cryptocurencies

Agreed, economists mention the liquidity without any proper backing similar to the gold or other stocks to be an major factor to consider it an bubble. Though it has been under review for etf and upon other live trades similar to stocks, there are groups that were not in  state to accept it.

By my own definition of a bubble, the one that will pop out when it expands, and if it is applied to bitcoin, it surely doesn't fit at all, would it really be possible that it will just pop because of the price that is expanding? i think not, and i purely believe to what bitcoin is capable of.

Bitcoin is capable of a lot of things and the value it creates which so many people believe in is what makes it what it is today. As long as bitcoin remains a tool for transaction, which makes it extremely useful after all the slavery our governments have imposed on us all these while, then BTC will always stay relevant due to the increase in demand and that to me is not a bubble, which totally explains why it is trading in places like Zimbabwe for a much more value than the normal market.

it suppose to be about the economical size of the cryptocurrencies. maybe it is not big enough when we compare with the economy of the conventional currencies, but we need to consider that, about 10 years ago there was not such a cryptoTHINGS. and now it is getting bigger and bigger.

Zimbabwe is a very special case in this whole scenario. They are basically buying with leverage due to their lack of liquidity and the henceforth increased prices, which is actually quite dangerous for them.

These economists people never learned! They always feel like they know everything that will potentially happen to bitcoin because they have a great knowledge of those fields but in actuality, they really don't! I'm pretty sure that they had been saying "bitcoin is just a bubble" ever since its price started increasing little by little from way-way back. This idea made the impression that there would always be a dump that will happen to bitcoin's price so, in result, people tend to wait for huge dumps to buy bitcoin at that lower price but in the end, bitcoin's price just lowered a little then will suddenly increase higher than the highest price bitcoin reached before it dumped. People will now say that buying bitcoin after the pump is risky and they will wait again for the next dump to happen. This is the cycle of investment and of bitcoin. So only those risk takers are the only ones who enjoyed buying bitcoin at those times.

The economists we differently look at everything by the wife book and the knowledge they learn through the school.

What is a "wife book"?

I'm surprised that they're even mentioning Gold all. Many of these economists come from an entirely different school of economics, which is called Keynesian economics which is based on the total spending in the economy and its effects on output and inflation which was created by John Maynard Keynes. When they're talking About gold and Bitcoin they're referring to Austrian Economics which is something that they don't like, but it makes the most sense. To put it simply Keynesian's believe that money in the form of paper can be printed indefinitely (like it is today) out of thin air and that market conditions can be artificially created, in my view it is a completely irresponsible way of managing an economy, and because of this irresponsibility the world economy is now due for a correction, a correction that may very well cost us all our lives. 

Always remember, Bitcoin gains its value through adoption, it’s utility, and its use. This basic adoption creates a network effect which is based on methodological individualism or the achievement of economic order through the motivations and actions of individuals which is the main tenant of Austrian Economics. This style of Economics was created during the late 19th and early 20th century by a number of economic luminaries, such as Eugen Bohm, Von Bawerk, Friedrich von Wieser, and  Ludwig von Mises. Today Austrian Economics is regarded as a form of economics that is taught at the Mises Institute. It is a form of economics that is slowly taking shape through Bitcoin and other forms of Crypto assets.

I guess this is not what Keynesians actually say

In fact, all major schools of economics (well, at least those that I'm familiar with, and yes, I'm familiar the Austrian school of economic though) say essentially the same thing, i.e. that the amount of money in circulation should match the size of the economy. Whether you can print out your way from the economic recession is another question, and opinions vary. But personally, I'm inclined to think that in certain situations printing money can in fact help the economy. Obviously, it has it limits, but, on the other hand, everything else has its limits as well beyond which the results may be counterproductive. This is called optimal value

Bitcoin have huge market whose can not be in bubble

The main reason I consider bitcoin can be a bubble as do many others is because of the large price increase and the way that bitcoin seems to be able to shrug off negative news and people think that it cannot go down in value. Now I'm not saying it's a bubble but those are telltale signs of one

Financial expert's thinking depend on fiat rather bitcoin is distinctive things and it's not from their reality. Obviously they can impart their insight about bitcoin actually.

For what I can state that bitcoin is one of a kind and it will keep flabbergast individuals occasionally.

Thats what an "economist" and "expert" say about bitcoin and they all do, they are just afraid to admit that bitcoin has been revolutionizing how the system of money works.
These kinds of people are still dependent on fiat because they are scared to embrace the new technology.

Well, why not? I believe that there is some truth in their words...it can disappear as suddenly as it appeared...until there are simply no signs for this, but it isn't known what will happen in the future

Economists say Bitcoin a Bubble because of the sudden boost in it's price.They consider this rise as temporary and say that soon this bubble will burst that means soon their will be a huge drop in the price.But I think that people are now believing in it which has actually increased the demand which has further  increased it's price so according to me this rise is genuine and it is not a bubble.

They say so because they consider the demand for bitcoin artificially made, not natural

Those groups obviously because of their selfish and greedy nature of the way they have always done things will not want to accept it but at the end, they will end up having no choice at all.

Bitcoin could have been a bubble if it does not in any way answer some questions or resolve some issues people are having when it comes to transaction for a long time now, and as long as there is going to keep being a demand for its usefulness, then any economist that calls it a bubble does not just have any sense at all.

Yeah truly said. I don’t either believe in the economist presumption because they do not make the prediction for the market over the period of years but just for the short period. I mean they will say this will happen that will happen in next two years. But when two years has been passed the reality is always different because we do not know what developments may occur in between these tow years, there might be major incidences which will change the course of every presumption and different things will happen.


They always say that bitcoin is bubble but its not and it will never be. I mean come on it is ridiculous to think about it in that way after seeing its giant leap from the few dollar to all upto 8000 USD today. Is that a bubble, do you still think that its bubble? Oh come on they must be dreaming and do not know the reality. What I believe in bitcoin is, its a virtual reality and it can upgrade our ways of earning instantly. Cheers to that one by the way. :-)

Economists are right,very right.

What is a bubble in my mind?
when a share price goes up...and up and up and the dividends goes not up up up...it is considerated as a bubble because it is speculative.

About bitcoin,we know that we have "zero dividend"...so it is only speculative.

In both situations the market can change to take profit by selling...so the price will fall because each bitcoin holder will take most profit or at least limit lost.

By shares the crash is limited generaly by the dividends...But by the bitcoin...nothing will limit the crash...
Crash can only be limited by an new speculation.

Now it seems like the economists have stopped complaining about Bitcoins. The reason is that no one is going to believe them. They were saying the same thing in June, when the exchange rates were around $2,000 per coin. But the prices have climbed by 325% during the last 4-5 months. Those who believed the words of these "ëxperts" are ruing at the lost opportunity.

You are right...but bitcoin is a bubble...no doubt.
When "something" is a bubble...it does not mean you should not buy.
It means you have to be very reative if the bubble burst.

Yes , its a bubble right now and would lasts long to pop because of its power and value. Economists doesn't believe in digital currency's power to enter our present economy , they didn't see it coming and unpredicted. Now people buying bitcoins to have an investment which is good for everyone who owns it obviously it will rise and could take to long to be dead.

These economists just want attract attention. Bitcoin in future will become same official currency as many others. Bitcoin of course can explode I agree with this, but for it is necessary that all investors will withdraw money simultaneously, but this will never happen. Even if bitcoin will explode, it will still have value.

We should also remeber the global interest from people, traders, people who are using bitcoin to transfer, miners etc That interest also make the value for bitcoin, make it special as a currency and people consider it like a real valuable method of transfering values

rich people dont want to see other people gaining money that fast as they gave all their time and investment on FIAT just to get on their spot now , and having bitcoin people are easily coping and earning ..

you can give economist some bucks, and they will say what you want, not all, but their opinion can affect people to use bitcoin.  ;D
wanna learn bitcoin value, you must jump in there, not only fake theory..  ;D

If crypto does not have any value at all, then we could have as well just considered it a bubble and most people are just getting in to rake a lot from the demand.

Most of these so called economists do not even understand how crypto works and then they go to the media to spew the rubbish their head tells them to spew and at the end go to the back to buy in once they are able to mislead their dumb followers.

I wouldn't be surprised if at least some of them were paid to shill or shilling in their own interest either.

their words have some truth...because no one can guarantee that bitcoin will live long...but we have our own head on our shoulders...we need to consider all options

As far as I know, the last bitcoin that could be mined is around year 2140 so its forever because bitcoin has a cap of 21M only. But it is still long and I don't think that everyone here is still alive by the time the last bitcoin is mined. As for the economist calling it a bubble, they don't have a idea how bitcoin works, how it gained trust by a lot of people and how people are buying something that is purely based on speculation. So for them, it defy the every economic laws or theory out there. A good example is how bitcoin growth in this year alone. What 900% or more? That's unheard of.  And as long as bitcoin price continue to climb, make corrections along the way, they will gonna call it a bubble.

Seriously, those economist need to broaden their horizon when it comes to this industry. Maybe they are reacting that way because it does not fit their preference.

They generally react that way because they don't understand what Bitcoin is about. They aren't trained to understand it, which is why they compare it to tulips and other bullshit. The Economists that I know that actually studied Mathematics as well do understand Bitcoin and other cryptos quite well and are actually fully behind them.

It's always the verbal diarrhea type of Economists that speak out against it.

This is very true on which those people aren't really familiar with bitcoin and they are really very curios regarding on its growth in a short period of years and they didn't really expect to happen that it did grow up even more on the assets and stocks that they do commonly traded off and invest off.For now they see this new thing which would really make them curios and most of them do really have negative words on it that it is a bubble or whatsoever but yet bitcoin community would really still stand strong regarding on this one.

I think that economist are considering Bitcoin as a bubble because of it's volatility. Since Bitcoin value only depends on the demand of the market which is mostly played by big players of the cryptocurrency platform, their only goal is to create profit from their created price movement which affects the image of Bitcoin. Also the price of Bitcoin does not have a fair market value which is one of the indicators that Bitcoin is classified as a bubble.

I guess, they choose the word bubble, since it has no definite amount due to increase and decrease of its amount time to time.
We cannot guarantee bitcoin surges all the time, which means at any moment based on outside factors from environmental aspects and issues  like an instance, of banning cryptocurrencies in a certain nation which significantly slow down its value, The value are constantly fluctuating.

All the so called economists that are busy saying all these stuffs are just some set of talkative as far as I am concerned. The only explanation I can give is that they have no idea what they are saying or they are just some self-proclaimed economists with no sense at all. I care less whatever they say just like you have said and anyone that wants to take their word for it, then that is their business.

That is what they have always wanted anyway. Raise FUDs from their nonsensical speculations and when the naïve and gullible ones drop what they are holding at a lower price, they buy. They are just trying to tap from the profit of the market and which is why they are busy calling it whatever name they like. These are the same guys that have always been known to always manipulate their way, so I am not surprised.

I think that there is nothing to be outraged in this matter, because almost always trading on the exchange was based on the fact that they are sold at a lower price, while others are buying. The fact is that all means to achieve the goal are good so manipulation will always be carried out by speculators.

Probably they consider the current increasing price of bitcoin is only result of excessive enthusiasm. I think its not like that, bitcoin halving and the limitation of its amount makes the increasing demand of bitcoin influence much on btcoin price. I think they have to reconsiders their state.

Well a bubble is something that might be came from a source and then will become larger and larger from being a small one. After that, it might get larger again and when there will be a time that it will be pop out and will disappear. That is why they compare it to a bubble, we can't predict that it might get lost someday. Yes it is getting bigger but the threat of it, is it might disappear.

I believe the reason they are saying all these things about Bitcoin being a bubble is because of the fact that it is believed that Bitcoin is moved by Investment and that it needs correction. They believe that whenever people decide to withdraw their profit, which they might do, that their no so called bubble will burst.

I pray that even such thing happens, everyone should not give up hope, but should see it as another chance, and keep on investing no matter what.

I believe that if the currency, for example, is provided by the economy of the country, then bitcoin is not provided. That is, it is likely that it can be a soap bubble in terms of value, which sooner or later burst. :-\

Soap bubble or not, something is driving the price up which is the adoption of the coin. The reason behind the adoption is what would end up classifying bitcoin as a bubble or not in this case. If people investing in bitcoin right now believe it is a coin worth holding for so long and everyone believes in the present value, then we will have to see if everyone's idea of bitcoin being a bubble is wrong or not.

Things have actually been changing in the last few days. JP Morgan is pro Bitcoin now and Bloomberg made the case for a $400k Bitcoin price.

Well as a matter of fact it is mate bitcoin is a bubble about its fluctuating value most of the time too it always amaze people to grow faster and larger. Like any other currency bitcoin has a headstart of a not so techie or more gadget era in 2008 so bitcoin takes it hard until now.
Not like any other cryptocurrency that starts with a modern world that smartphone existed that is easier to gain popularity this days because of social media's

The price of Bitcoin is driven by speculators, not by underlying value. This does not necessarily mean that it is in a bubble state, as there are many other assets that also have their priced derived from trading. Economists have models for defining bubbles, but they can be either too general or obsolete. If a model is used incorrectly it will not give any valid answers, and I think that is the case here. Bitcoin might or might not be in a bubble state, but I do think we will see the whole crypto market grow into a bubble. When the bubble bursts the best blockchains/coins will survive, and the rest will perish.

You either don't know what you are talking about or you're conflating too many thoughts at once creating an incoherent mess.

Bitcoin has underlying value, much more than fiat currency (which has no intrinsic value whatsoever). And an asset that rises despite having no value would necessarily be a bubble, Bitcoin is not one of those though.

Cause it is first time after long time of market specuulation that something is just getting better and better withous serious drop and they think that it will stop sometime but they are wrong.

If you say you talk about bitcoin to big economists then  i think that would be over informed about bitcoin is a bubble. Knowing the economists will only discourage people on investing on bitcoin because they cannot manipulate its price. We bitcoin users should not atleast listen and obey what economist say about bitcoin.

Bitcoin has really a characteristic of a bubble. You always see it in bitcoin, price will rise to the top and you don't know when it will pop.

We should start calling them cycles instead of bubbles, it would be less controversial. But right now we are at the top of a cycle where bitcoin gets way overbought to media, traders, and margin. That's not to say underlying bitcoin isn't growing fast but it's not growing at 2000% per year - it's more like 400% per year, so were way above the mean and will eventually have to deflate to meet the mean or even go below the mean if there is a bunch of FUD and exchanges go down etc.

That make sense, big economists are somewhat connected to banks and bitcoin and other cryptocurrencies affect their businesses because people invest on bitcoin and other cryptocurrencies instead of investing it on banks. And sure they are now making negative comments and reviews on bitcoin since it is their competitor. They want to put bitcoin and other cryptocurrencies down scaring many people so that they will get more investors.

Bitcoin was overated lately, that's why specialist said bitcoin is a bubble, we see the price has gone down. But it doesn't mean that bitcoin is not a strong value. There were too many people buying bitcoin on the past months, so the price rised too quickly. It will recover slowly in 2018

Some economists say that bitcoin is a good investment and other economists say that bitcoin is a bubble waiting to burst. Anyway if bitcoin is a bubble, it will not burst very soon. But I think bitcoin is not a bubble, bitcoin and cryptocurrency is the future of money.

I would not blame any economist claiming bitcoin to be a bubble right now even though they are not saying it based on fact but because of their own evil intentions. The thing is bitcoin has value; however, most people stepping in right now are not stepping in because they understand the real value but because they see bitcoin as an asset that is going to keep growing and when a time comes that a huge dump happens, panic may kick in and that bubble could burst.

For now, though, the strength of the community is crazy and unless we start seeing supplies becoming huge at any price before we can even see something that crazy happening.

Im surely say, that bitcoin is a bubble because price will drop anytime.

Yes bitcoin crashed after the holidays but have you seen the chart price today? Its starting to rise up again. Its not really new for bitcoin to go down because eventually it will rise up again and again that's why for me bitcoin is not a bubble.

There will be a lot of people, as well as economists, say Bitcoins are bubbles because they look at the cryptocurrency market and see that the rates of crypto always rise by the hour, with the day's crypto stability not that high. But I see people using Bitcoin as an asset rather than a trading day. They always hold Bitcoin until the exchange rate increases and then sell to earn a profit then continue to invest.

As previously stated, Bitcoin likely can turn into a successful product because of the bubble phase going on. There's no guarantee on bubble's ending with all losses. Look at how the Internet grew from where it was, to where it got today. Nothing deflated, only grew to become more than before.

So at risk concerns, evaluate what's done making the right investment decisions.

Actually, Bitcoin is a bubble because its current exchange rate is very high, higher than expected for a currency. Looking at the future, Bitcoin is hardly able to become an official currency due to a number of issues such as the amount of only 21 million coin, the exchange rate is too high, Bitcoin trading is very difficult. those who have no knowledge of technology. And I believe the future of the currency will be the altcoin, because of the low exchange rate, which is equivalent to the offline currency now, promises to completely replace Bitcoin.

I think that is because, the economists can't find something other than the demand and supply, to decide the true value of bitcoin. Some people in the crypto space say the value of bitcoin depends upon the cost of electricity and hardware spent to mine bitcoin. Some say its pure demand and supply. Others say its a combination of both.

Bitcoin is bubble because of price movement. The rapid decrease and increase of price is called a bubble. It will rapidly increased and decreased by 10 to 20 percent just only for one day, so it is called a bubble.

For me, why economist say bitcoin a bubble? Well I think It because of the worldwide ledger  process in cryptocurrency world,but the reality its continue to grow  and decentralized in the blockchain market.economist have there own analization in the economy happen, but in terms of cryptocurrency its different.

Actually, economists say a lot worse than that. Paul Krugman, a Nobel Prizewinning economist for whom I actually have a great deal of respect - but not for his approach to Bitcoin -- actually wrote an article in 2013 titled "Bitcoin is Evil."  Of course, because he has a sense of humor, he didn't really mean the title, but he has not had the best things to say. 

Most recently he said "It's got this mystique about it, because it's some fancy technological thing that nobody really understands."

Krugman went on to use the analogy of Wiley Coyote from the cartoon era - where the Coyote frantically spins his legs in the air just before plummeting down the canyon,

But his analogy is even better than he thinks - because just like the cartoon, where we see Wiley back from the dead in the VERY NEXT TEN MINUTES ... we see Bitcoin back to live repeatedly.

The thing that disappoints me about Krugman and Steiglitz " .. It should be outlawed!  It serves NO VALUE!!!!" is that it appears that once you win the Nobel, you stop being interested in new things.  It's inconceivable to be that these people, as smart as they are, cannot understand what Bitcoin is about.  Or ... do you suppose they are just being disingenous?

The cost of Bitcoin is driven by theorists, not by fundamental esteem. This does not really imply that it is in an air pocket state, as there are numerous different resources that additionally have their evaluated gotten from exchanging. Financial analysts have models for characterizing bubbles, yet they can be either excessively broad or out of date. In the event that a model is utilized inaccurately it won't give any legitimate answers, and I feel that is the situation here. Bitcoin may or won't not be in an air pocket state, but rather I do figure we will see the entire crypto advertise develop into an air pocket. At the point when the air pocket blasts the best blockchains will survive, and the rest will die.

Will,eveyone of us have in tittled to have a different opinion about the happening of the cryptocurrency,as just what the big economist said that its only a bubble and not a revolution of bitcoin economy.but for us  as a part of digital currency,we truly believe that this economic growth especially in cryptocurrency is in the honor of bitcoin legacy,and this revolution of economy is entittled for bitcoin only no other than,who accept this fame.

If bitcoin a bubble then no anyone get profit and no anyone blind trust in bitcoin, bitcoin changed people's life and their future also secure by their profit, so bitcoin is not a fraud it is a true dream that everyone wants in their life.

You cannot blame them for being that way as economist has certain standards and knows how to detect what a bubble is. Even at my school when I talk to my friends who are studying Economics they will say that Bitcoin is a bubble and shows signs that it is one, like they will tell me that Bitcoin does not have any fair market value and that Bitcoin only gets its value because of Fiat Currency, and being such an open person I understand that they are just using what they have learned from their program.

I think that economists ate actually using a different and rather obsolete way in analyzing Bitcoin. This is probably why they do not see the breakthrough that this technology has brought us.

Those are old school economists. They said that it's a bubble to protect there own philosophy. They use fiat for there business so it's obvious that they are against the cryptocurrency.
If they will not go with the flow I'm sure they will left behind.

on the forum today is almost the same information that is transmitted by word of mouth by all users of the forum. But I do not know who to trust and what kind of forecast to believe, because Bitcoin is really today a coin with a huge price, which is practically worthless. That is, in other words, an air bubble that can burst at any moment.

Bitcoin seems really a bubble, it actually showing unexpected growth in value and tremendous change in price from time to time. Another would be because if its volatility. This feature makes bitcoin look like just pump and dump system. Bitcoin is actually safe, its value ia not depe from anyone, it actually dependent on the demand of people. Thus it will only fall once people decide to put it down.

It is only a bubble if people suddenly lose confidence in it and start taking all their money out. If developers keep coding and making innovations to increase functionality and value then it will keep confidence high, new money will keep coming in and it will continue to grow. As everyone is saying corrections happen but that is just natural in a market. Crypto is so volatile because it is such a liquid market. Anyone can buy in and sell out, you don't have to be a registered investor. This is good and bad for obvious reasons.

simple because they didnt buy in early days and feels like idiots

Bitcoin was already a bubble since last year as it pumps from $8k to $16K in two weeks time.
Now, bitcoin is still the king of cryptocurrency and predicted to reach $20k this year.

Economists were saying that this is the most obvious bubble to aware the people not to invest on it.
The truth, every time they talk about bubble in return the value of bitcoin increases.

Don't think it is a bubble yet. Bitcoin is almost as valuable if not as valuable to the Internet, and it hasn't even reached the marketcap of the dotcom bubble that happened back then. Maybe it might become a bubble in the future, but don't think it is happening now.

I always wonder why people who knows nothing about the bitcoin history and background are always the first ones to comment on it. In fact, bitcoin is been called a "bubble" for far too long. So, when will the bubble burst? that is my question to them.:D

The truth is that no one can really predict what is going to happen in the long run. We may look at bitcoin as a bubble now due to the huge increase in the price as a result of adoption.

However, are we going to classify the adoption under the fact that people understand where they are investing their money with bitcoin being a decentralized currency that would disrupt the finance sector? Or every newcomer is just being a FOMO and they do not want to miss out on the trend? I guess only time can tell if it is truly a bubble or not.

We have been seeing a lot of corrections and that is not a correction staying up for so long which means the market is really getting pretty strong and people do not care as they are holding up for the long term anyway. It is crazy and except bitcoin becomes highly usable in the long run, I am not sure how long it is going to last before we start seeing dumps which could lead to some huge correction. The newcomers are still coming in, so we may just expect this to keep going like this for a while.

Bitcoin is really doing well for itself at the moment and whether we keep calling it a bubble or not, it keeps soaring. The last correction despite all the FUDs generated with bitcoin being a bubble should have gone further down than that but here we are; it keeps soaring. Should we call it a strong bubble that has refused to burst all these while despite all that is being said? Or should we still keep watching if it is really a bubble or not? We just have to keep watching how events end up turning out.

hard to say, I thin it's a bubble to some extend

These great economists are usually in some way connected with banks - so it is logic that they are in opposit, or they are so hardened in the old economic form that their perspective of thinking does not allow the possibility of a completely new form of economics which sooner or later will be based on blockchain technology and cryptocurrencies.