Bitcoin Forum

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~ :)

You do know that 27.9% is a minority??  

What were the other options and what percentage of the vote did they get?  It all depends on this.  Without this information the 27% measure is useless.

I fully agree that bitkoyn is a real digital asset with a good future, but now in a bubble state. His current growth in the price of up to 11 000 dollars, although it pleases, but compared to the prices for altcoyins, it's a bubble. Bitcoin does not currently have any significant technological improvements in comparison with altcoyins. On the contrary, it is already technologically obsolete and needs improvements, which are attempted through cash, gold, and diamond detached from it.
     Bitcoin is still growing in price due to its fame and rush demand. Demand generates a price increase, and an increase in its price generates a further demand for it, since many want to make a significant profit by increasing its value. Is not this called a bubble?

This is just your opinion and assumption! On account of what you consider bitcoin "bubble", there is a lot of information (in this forum as well) and denials to this statement. 

Seems like even the CNBC doesn't understand the term "bubble" anymore... We don't know the value of Bitcoin, but it could easily be several trillion USD in market size. In that case it would be very far from being anything close to a bubble.

Will the price retract for a period of time? Probably, that's what happens most of the time in most markets after a bull run. But that doesn't make an asset a bubble, which would imply that the asset is overvalued (which with Bitcoin nobody can assess right now).

Except people have been saying this for years now.  Are we really to believe the vote of a couple CFOs over years of tried and true experience in the market?

What is a bubble?

The rapid escalation and contraction, the exuberant market behavior and massive selloffs we have seen plenty of that with the Bitcoin market.  I do not think the 'fundamentals of an asset' part really matters in this case. Fundamentals meaning what intrinsic value Bitcoin has because something even more important affects the Bitcoin price and that is market manipulation.

It sure look like a bubble if you look at it's geometry move in price.
 But there are genuine use of bitcoin all around the globe. Trade is made easier because of bitcoin.

Crypto currency world is a brand new world that not understand by most of the people. Are you sure that these 27.9% know what the hell is blockchain?

I think the same questions asked them while bitcoin reached $4000, and the answer is still the same = Bubble!

hmm Bubble state?  I think ETH is in bubble state but BTC? hmm i dont think so

Why would Ethereum be in a bubble and Bitcoin not? I think either crypto as a whole is in a bubble state right now or nothing is. Prices are all related, see the latest Bitcoin dump that happened today..the entire market dumped together.

Yeah out of 1000 percent.  ;D
Look that is just a little percentage and some of them might have a bad history with bitcoin or others could have been just people who just wanted to raise their hands.

If it is a bubble it already exploded. This huge amount of people supporting it will not let that happen.

What can you expect from a newbie member? he is saying that all the people from there said that bitcoin is a bubble, but he is a meme. A few words after he said that only 27% of those guys said that it was a bubble..

I dont understand why a lot of people are still saying that bitcoin is a bubble, in fact, maybe it is a little bit over inflated right now, but i dont think that it is a bubble, it can still keep rising because people is still in love with this coin.

It is true that a lot of people are now withdrawing their earnings, but it does not means that the bubble is exploding (like a lot of people are saying now)

Yes, the 27% thing means absolutely nothing without context.

It could be that 73% said no.  There could be 20 other options.  It is so irrelevant.

I asked what the other options were and what their vote percentages were but no one has replied yet.

Bubble? Then okay, name the real price.

Yes 27% is minority and how about the other 73%?? In the world, people can have different opinion so maybe the other 73% said that bitcoin is best way for investment and next currency in the world.

Feel that many people who say it is a bubble are just saying this, because they missed the boat or just hyping as bubble is a hyping word now in this subject.

Stock exchange can be seen as a bubble too, all financial investing projects can be seen as bubbles. I going to bath now with bubbles.  :-*

They can say what they want, they are just envy to what is currently happening to Bitcoin. And this has been a no surprise for the most of us here in the community, since every year Bitcoin went into the same path as the last year so, the process of increasing in value is quite the same but higher. Its not a bubble really, its a hike or what we called pump. Its not just for a show and then going to be dumped later, its just that, there is also this time of the year where many people hold Bitcoin as much as they want, making it having a little dump and wait for the right price to make a good profit for themselves. Just like what happened now.

I actually agree with the minority cfos that btc is in a bubble.
How can it not be?
What makes btc so special that it defies the laws of fundamental economics?

The argument that "people having been saying btc is in a bubble for years but it still hasn't popped" just goes to show how bad the bubble is.
The world economic crisis was a surprise to the average joe, but for a lot of economists, they had been warning about the real estate bubble for years in america but it just
kept on going up.

Any type of real asset can not sustain this type of astronomical growth forever.
It is really a number games rather than if we believe in btc or not.

For those that believe btc is unstoppable, it is exactly this type of mentality that will drive the bubble further into an inevitable astronomical burst of the bubble.

bubble like, can be gone anytime? yeah bitcoin can be gone anytime if the internet and technology will gone. but right now that the society is full of technology. this is impossible

Mainstream are really bias, why they are looking at the low percentage of telling bitcoin is a bubble? So what does those 72.1% says? They are just trying to pull bitcoin down again so they can have a good time for entering at cheaper rates. And you know what? Bitcoin has been bubble since 2013 and these people never learn of telling it until now.

I think it because they don't learn more about bitcoin so they talk like that. but if they can spend their time for just a little for learning bitcoin then I am sure that they will give another statement about bitcoin. if bitcoin is a bubble then it is not be a problem, people could still make their own money from many ways especially from trading. they will get their time to make a profit from trading and they will make more money.

LOL. What a better way to put it back. No one absolutely knows the present intrinsic value of bitcoin and the last time I checked I can decide the value I want to sell my coin based on how much you really need it. We may think the surge in price now is unwarranted, but have we considered that Bitcoin is limited in the number of coins that would be in circulation? Also the fact that Bitcoin is extremely useful more than just being an asset?

Let me make an example with Zimbabwe where bitcoin is selling even higher than the normal market price because the citizens of Zimbabwe needed it, to be able to transact internationally since the government monetary policies was not favoring international transaction and still at the price, the demand is extremely high. If I really need something and the supply is low, won't I want to be a highest bidder and be willing to pay a huge price for it? Because the value is increasing based on that, would that make it a bubble? I guess people should even understand what bubble means in the first place.

People shouted also Bubble in 2010 and in 2013. I think this bubble will only burst temporarily. Compared to future bubbles this bubble will be very small. :D

Don't go after the terms like bitcoin will die, Bitcoin high price is a bubble, sell all now if you don't want to lose etc etc.
Bitcoin is forever and if you trust this then keep collecting the bitcoin and do not be much panic by price decrease. What i have learnt in 2017, the bitcoin always comes up more stronger after the Dip, so i do not sell my coins in panic or in times when bitcoin prices are declining.

It is in a bubble now but will recover again afterwards. Looking at the charts it will continue to rise and fall so you just need to buy and sell at the right time. Selling now will guarantee a profit, but where should it be moved to is the question. Need to pick the right alt / ico

I hear this almost everyday. If it were a bubble, wouldn't it have crashed majorly already? I understand it did back in the day and actually yesterday, but it bounced back and is beginning to stabilize. Maybe it will pop at $1,000,000!!  8)

Then what is 72.1% all about? This information is not useful. We can clearly see that the information went bias on the negative side of crypto.

I think 2 out of 100 people will say bitcoin is not real and scam. The majority opinions will always win. We use these opinions to make conclusion on our own about bitcoin. They've experienced how to lose in crypto but not all people experienced those things. We have different experienced while earning bitcoin. If you want to believe those little amount of people si this is you. I don't want to intrude you or argue with you regarding that.  

Bitcoin is a real asset. Many experts are saying it is now in a bubble state. But, look at the bitcoin price now it is  stable and still growing. They been saying these every year still it's not gonna happen.

You know Bitcoin is getting big when your dad leaves you a voicemail that he heard that "Bitcoin is a bubble, and that I should be careful and maybe sell mine before it pops"
 :D ::)

27.9%? And you concluded with that statistics that bitcoin is in a bubble state when you of course know that compared to the other 72.1% that chose otherwise, and if we are to judge with that, then your topic is totally wrong. Bitcoin is an asset, it is valuable, and it is highly going to be useful more than we already have it.

It would end up being a bubble if none of these are in place and then a time would come that it would burst. In fact, it would have busted a very long time ago. Normally, we cannot dispute the fact that FOMOs would keep rushing in every now and then, but if you look at the charts and you understand what bitcoin is, you will have to start thinking otherwise.

it doesnt matter what their opinion is, the problem is a different one, they dont want to give away their privilege to print money to others.

regards

Bitcoin is an asset and as things go, a rather large asset if successful, but it seemed to be in a bubble state by rising non-stop. Users were thinking if it would ever stop rising. It was believed that with it's course and speed it could reach $15K with ease, but the rise did not last.

It's best not to be absolute with that comment that Bitcoin is in a bubble state. Were Altcoins in a bubble state too then? (rhetorical) Because it looks like all coins are effected right now.

The 30% of CFO members probably have bad experience in Bitcoin and that was their view, however they were the minority. In the end everyone has his own views and experiences on this matter. Whatever the case, Bitcoin has dipped or dumped many times but it has risen many times too.

Bitcoin will rise again and once again people will have their personal views on that too. No surprise.

So only 28% of the CFOs think that the bitcoin right now is in bubble state and the rest 72% per of the people are saying the opposite? Since minority of the people are saying that it is a bubble which might burst soon, you come to a conclusion that it is a bubble?
Majority are saying that it is not a bubble, so lets trust them.

I cannot just imagine that it can be a bubble. Bitcoin has all the reasons to grow and it is growing together with altcoins. Today some guys call Ethereum a scam, and it is also not true. Crypto world is a real arena cryptos' struggle.

This is the internet after all. I don't have any hard data, but it does seem like 72% of the people on here don't even understand what they are saying themselves, much less what they are "investing" in.

True when you see it's price doesn't reflect bitcoin's usability and real adaption among the society, not much practical usage was seen on bitcoins rather than anonymous fund transfer and exchanges heat. Lots of experts are bashing them simply on this fact, the bubble was getting bigger so still as long big corporation are sequentially announced their favor towards bitcoin as an investment assets, it wouldn't go long at least these months but that's just another bigger bubble to begone, back to 0 is unlikely but would be disastrous for late investors.

Yes, the last time I checked, something or an asset can be considered a bubble if it exceeds its intrinsic value.
Just like you have said, we do not even know the extent bitcoin is going to end up as and looking at the charts, we have not really had a very huge retraction except just some few corrections which are normal and totally show the support of the coin.

As far as I am concerned, the fact that bitcoin have limited supply, totally makes it undervalued right now compared to the number of population not yet making use of it and I would not consider the increase in value right now a bubble.

Nobody will tell you the real price of Bitcoin because they have no idea what they're talking about.
The only thing to know is that Bitcoin can be bartered for pretty much anything.

Although it has a quick development, I dont think that it is a bubble. BTC has own value which are accepted by many corporations in the world. I heard the news that America has accepted Bitcoin furure contract. Bitcoin price will rise up in next days

I also don't think it's in bubble phase. Interesting thing was that its price couldn't go up in the old days. Finally it made its economic boom this year and attracted the people inside itself.

Personally, I have few bitcoins. All my money in altcoins. But I'm just amazed at this price of 11,000. I'm just shocked. I open the exchange, I see the price and close it. I do not see any real reason. Around me people, neighbors who do not understand anything in the crypto world, say that they bought bitcoin recently. I do not understand what's going on. My brain refuses to buy bitcoin at this price. This is advertising, public opinion, a bubble and nothing more. If ordinary people lose a lot of money, when bitcoin begins to correlate, then the bubble will be called absolutely all coins. And the authority of the altcoins will be undermined.

The problem with bitcoin is that it is not a currency to use to pay, but it has become a store of value and as such a speculative asset. This speculative assert is in itself a sort of bubble.

Bitcoin is a real asset I agree with you there, and yes it may be on a bubble state but I also believe that it is going to be in the bubble state for a long time, for as long as we are dealing with cryptocurrencies.

Btc can be seen in two different ways. possibly the biggest bubble in the world today or the best investment in the financial technology? only logical conclusion is that crypto technology will thrive, in the long run but btc price will collapse at some point. Currency is now worth more than seven times an ounce of gold. Future of crypto will depend a lot on how governments react.

The limited supply is just one of many factors in Bitcoin's price. There are so many facets to it that it's really hard difficult to quantify all of the individual contributions into a total price. But even with the aspects considered individually I still don't see a bubble anywhere in the near future.

I’m a huge optimist when it comes to bitcoins and altcoin. However, I really do think it’s in its bubble state. People are buying these coins and holding onto them instead of spending it. That’s what’s causing the huge increase. Eventually, the price will stop increasing, I just don’t know how far we are from that

with very limited supply of bitcoin can make bitcoin a real and valuable asset. but I also have not seen bubbles until now and I think bitcoin will stay well till in some time ahead.

Agreed i think it is in bubble state too,the price is extreme exaggerated that anytime it will collapse.

Even if they started spending it, the fact that more and more people are joining the market would drastically increase the velocity of money, which would drive the price up due to the limited supply.

For my mind "bubble" meaning that people investing into some asset considering profits size of which violates the normal course of the economy. For example the calculation of company profits during the dotcom bubble showed disproportionate data. Earnings of money substitutes in the era of the Great Depression destroyed the economy balance also in a different way. But here we have another story. First of all the nature of BTC is deflationary, then there is no system of receiving monthly income from BTC growth for common public. Yes many owners became rich on BTC but their amount is not crucial. The most important aspect for the minute is that BTC like a locomotive, it drags on itself all innovations in crypto area.
So the bubble itself will take part when it become be very easy to buy and sell BTC for fiat (much easier than now) and shoe cleaners begin to play on crypto exchanges. 

I once read somewhere that you never know when you are in a bubble, until it bursts. So personally, I don't even worry about bubbles. I just watch the markets and buy dips. Time will tell if we are in a bubble. I believe in crypto currency. Even if we are in a bubble, I know that this technology is here to stay.

Among all the shitposters and beggars, my eyes caught you lady witch, can I ask you to teleport your ass over to my place? I need some body to jump right now after reading pages of nonsensical garbage.
For some body using Bitcoin to freely transact money worldwide, bubble or not, they are using it.

Bitcoin is not supposed to be an asset, it is supposed to be a currency, this is the real problem. All the rest follows this cause.

I don't think its in a bubble, I think the price will continue to rise and not increase for a lot anymore

yeah same here. i also dont believe that bitcoin is a bubble because its been such a long time since bitcoin has begun and until now we can still see that it is still alive and kicking. until today i dont really see or feel that bitcoin has a signs or threat that is was in a bubble phase even if its price is surging upwards verry fast but i guess thats natural and normally worked that way due to the high demand that it gets from the public because of its popularity and its high volatility. overall i agree that bitcoin can now be compared to a real asset because it has a value and works just like fiats or money but i wont agree that it is a bubble.

People that are likely to believe that are the newbies, they can easily get caught and believe that bitcoin is working that way. They don't know if they will believe those medias and keep on going with bitcoin. Like these polls they are up into something and just want to say something bad about bitcoin. And again the untiring words of people about bitcoin is a bubble, we'll always hear this again and again.

i agree,, bitcoin is a real digital asset but not in bubble state,,
the price is depends on demand,, when many people start know, they will start learn and think, how to get it!
and the demands will continue  ;)

all the things are depend on the knowledge, this is the real digital curranncy and in this year 2017 bitcoin reached from 999$ to 11000$. this is all possible by the knowing of people. in some days or may b months it will be the most growing investment ever then they cann't say it bubble state