Bitcoin Forum

Bitcoin is the fastest-growing asset in the world this year, but the virtual currency does not appear to have many users in London’s tech district. It has been more than a month since bitcoin was used to buy a flat white or craft beer sold at the Old Shoreditch Station, according to the hospitality manager at the east London bar.
Louis Chauvin admits he cannot find the iPad that is used by staff for processing bitcoin payments, as he resumes serving customers queueing to pay with their contactless bank cards. Although the establishment sits in the capital’s buzzing tech hub, and is advertised online as one of the few retailers in London accepting the hipster-cum-computer nerds’ currency, as few as 20 people have asked to pay with it in the two years he has worked there.

Over the same period, the value of a single bitcoin has rocketed from around $300 to more than $11,000 this week. On Friday, the currency was trading at $10,700.

Chauvin says bitcoin’s increasing value – and media coverage – has not escaped customers. More people have come in asking how it works, thinking of using it in their own shop, rather than actually paying with it, he says, adding: “It’s cool, it attracts some people. But for now it’s niche.”

given the somewhat outdated technology of bitcoin, I think we can say that it is both at the same time, a good investment in a bubble ahha

It's hard to see what it really is, and I'm sure no one really has the ability to see when a drop or rise is coming up other than those who control it. I think bitcoin is both a bubble but also a good investment due to how many whales are involved now. They've started a cycle of dropping and rising the price, but if you get in now, you can make the best out a few of those cycles.

Bitcoin will experience the same phenomenon the internet companies went through, with similar cycles or waves in price, given its transformative role in society. I think we are far too early to talk about the peak but when it comes it will be violent. The positive thing for investors is that bitcoin is scarce.

My opinion, it behave like bubble, but you still can earn a lot of money on it..
We have to control situation with our money, because it becomes more and more risky every day ;)

You answered your own question! It's been a great investment. It will continue yo be a great investment because supply is finite.

You're using the wrong data for your analysis. London's Tech Center means nothing in thr global Bitcoin marjet. Silicon Valley's opinion means something, Bitcoin was born out of this community.

The fact that ppl are 't using it for transactions at your local pub just means that it's not being used as a currency, it says nothing about its value as an investment asset.

There will certainly be down days, weeks, months, but Bitcoin hasa lot more growing to do. If you don't investtoday you'll just be one day older when you do!

We really need experienced users like you but some people are very panicking by seeing bitcoin as a bubble. Bitcoin is actually not a bubble. It only undergoes hard speculation and its price reacted this very harshly.

It is considered niche among those who are big investors? Man well that ever be a thing of the past after 2018 because I don't see a price tag being under 25k once all these funds start getting in this coming year. I doubt it will be niche after that the exposure will be absolutely massive.

Bitcoin is on the brink of mainstream adoption and we can see with our own eyes that network effect starting to kick in.
At the same time, it is still niche, an unknown phenomenon and nerd money for a majority of 'normal' people.
I am not surprised that people are not asking about bitcoin payments because even bitcoins users assume that no brick and mortar shop accepts BTC so there is no use to even ask.

So it isn't actually used, but it has a higher value than the total number of GBP or Rubles that are in circulation?

I am pretty sure that the GBP and Ruble are actually used everyday by a very large number of people, Bitcoin is used by a few people but is generally just used as a store of value.

A store of value is all good and well, but actually given what Bitcoin is, that is all just based on trust, and that can go down a lot. 

Bitcoin can't be used as a currency, it isn't fast enough or have enough capacity to do so, that could change if improvements are made, that is IF improvements are made, who knows if and when that will happen.  I definitely think we are nearer to the top of the price curve than the bottom now, it's rising very quickly for no real reason,

For me it's like a niche investement, can create a lot of profit and will certainely not die in an hour !!

Anyway, never invest what you can't lose.

It appears to me that bitcoin is rising simply because it is used as an investment, I think in order for it to break the $50-100k mark there will need to be improvements in the block size and release of a functional lightning network, which will prompt adoption by bigger corporations.

If you look at it in that way way bitcoin will survive but lots of alts (bad ICOs) will fail and some major cryptocurrencies will survive, like ebay, google and others stayed long after the market crush

I agree that anyway it hasn't reached its full peak as we see more and more people want to invest for the first time wich can create bigger price until some point when most people will want to "get out", but if we look at bitcoin it is acctually a currency thats why in my opinion, it doesn't behave like stocks and other form of assets. Since you can use it as a currency and you don't need to really sell it when its value go up. But we all know that many people have bitcoins so that they can turn fiat later on.. we will see

You can't really tell. But for me, you can gain money in bitcoin as long as you invest early. For sure it will reach a certain wherein the only option after that is to go down. But that value is uncertain.

There are certain things that needs to be deal with before Bitcoin could grow even more, and that is making possible for bitcoin to be used almost anywhere, for day to day things. At the moment I think that bitcoin is both bubble and good investment. Without risk there is no good profit and that is what makes bitcoin good investment. There are new people entering world of bitcoin with idea to get rich and they all buy bitcoin, so because of that bitcoins price sky rocketed. And that is busting price so fast and so high... and because little number of those people use bitcoin as an currency, it is just a matter of time before price drop to its original value. At least that is what i think.

Bitcoin already proven that it is not a bubble for almost a decade now everytime the value of bitcoin pump everybody thinks it's just a bubble that anytime can suddenly burst and lose its value without realizing that's just a fluctuations that is already part of bitcoin cycle. Bitcoin is a good investment for me especially a long term investment to consider. Sooner those people who thinks bitcoin is a bubble will probably change their mind when they see the value bitcoin will have in the coming years.

I am one of the oldest Bitcoin around here I have seen the Mt gox exchange crash, and many more incidents but in the topics about Bitcoin bubble then I know what to say. Bitcoin is always just unpredictable but still it keeps Rising so I guess all the previous Bitcoin bubbles or not fake Bitcoin today last $10,000 and still it has potentiality to grow even more and by the way people have just started using it for real so it is going to increase a lot and the coming 2018.

Why can't Bitcoin be both a bubble waiting to burst, AND a good investment?

There is no doubt we are in a bubble. The masses are confused as to what Bitcoin is. People are asking and just don't understand it. It is so simple, what isn't to understand?

On the flipside, Bitcoin is an amzing investment. Tell me any other investment where you get 1,000% ROI in under a year? ;D

We can already see Bitcoin is not a bubble. A lot of people,including popular millionaires, said in the past that Bitcoin is just a bubble and it will soon crack and disappear. This obviously didnt happened and I am pretty sure it is not going to happen, at least in the near future.

We can say it is a good investment and in the same time a hidden bubble that is close to crack, but we cant know for sure. For now all we can do is to invest and wait to see what is going to happen. We have enough time to invest and make huge profits until bitcoin is going to have problems.

Some people claim that Bitcoin is a bubble because they think that it has no value at all. They don't understand the idea of Bitcoin and they see it as a few numbers in a computer which anyone can modify. Also, banksters won't die that easily. They will defend banks and their money to the bitter end. Bitcoin value is increasing due to more and more people investing in it. People believe that Bitcoin will continue to increase and so do I.

Bitcoin, the future asset, the famous and fastest growing virtual currency among all, has spread its massive roots all around the world. Moreover it's continuously inflating valuation has attracted many investors to look into it. But some consider, this cryptocurrency, a bubble, which would burst into air, may be few years later. To them, my advice is that bitcoin is not a soap bubble, it is a bubble of prosperity and weakness which would never be burst. It is the good source of investment, helps people to mint money and make them self dependent.

What does your title have to do with the body of your post? But to answer it, it's only really a bubble if it bursts. It has had plenty of opportunities in the past, and there is no shortage of people and groups wanting to bring it down, but it has been completely resilient and has come back stronger than ever. It's a good investment and even the finance investment world is starting to notice. It has already shed the bubble reputation among many circles.

As for the body of your post, it's not very surprising. The very reason why fiat is inflationary is that so you spend it. You're not going to have to worry about it having double the value by the time you wake up tomorrow. Bitcoin is better for hodling, for better or worse. Also, as popular as it is, it hasn't truly broken out into the mainstream. Few people own some and even fewer are willing to spend it when they can spend fiat.

For me, bitcoin is both a good investment and security. Also, Bitcoin is the future, the future economy is going to be Crypto Economy for sure. So, I don't think Bitcoin is Bubble, rather, Bitcoin is the most profitable investment for now and next few years.

Bitcoin isn't a bubble.Its price has not raised this much high only by speculation.Wall street companies entering the market has triggered bitcoin price.We know that wall street CEOs were the main criticizers of bitcoin earlier like jamie dimon.Now,they have changed their attitude totally and have started to enter the market.We could understand that such big firms would not be ready to invest in just a speculative thing.People have started to think it as a safe haven free from government control.Now,there is no such high return giving asset in the world as bitcoin,the digital gold.

  According to my studies Bitcoin is a good investment since it is a decentralized digital currency i.e; no central governing body takes control in it ,and it is the fastest currency that can be send  all over the world cheaply to serve the poor and needy without hesitation so in my concept Bitcoin is not a bubble that is waiting to burst.Now the price  is tripled compared to previous years.

It is a fantastic investment! The interest of the whole society including big investors to Bitcoin is only growing. Technologies are changing now, and the world is interested in blockchain. BTC will go up quickly.

It is really hard to predict. But I can say bitcoin will last as long people are interested in, investing in it, trading sites are free from government's hard restrictions. As of now apart from few bumps in the road I don't think there's enough evidences that it could be a bubble.

Bitcoin is now both a bubble and a good investment. It now behaves like a usual financial bubble, which grows in price only due to the increase in demand for it, but due to the fact that it continues to bloat successfully and bring big profits due to its growth in price, it is still profitable to invest in it and yet he did not burst, get a decent income. I think that in the nearest foreseeable future it will not burst, it still has the potential for growth.

The concept of bitcoin is new to people as it has become a mainstream recently.
It definitely isnt a bubble that’ll burst anytime soon as many people are investing more and more in bitcoins and thus the value of BTC is rising.
Bitcoin definitely has a lot advantages over other currency transactions because of which it won’t come down easily.

Bitcoin is both bubbles, which can burst, and a good investment. He is a bubble because his value increases to a large extent only at the expense of the rush demand for it. And this happens countless times: demand leads to an increase in the price of bitcoins, and the rising price for it entails an even greater increase in demand for it. Thus, the cost of bitcoins increases regardless of the state of its intrinsic value. This is a typical behavior of a financial bubble, which can eventually burst
 Simply in this case, Bitcoine still has reserves for its further growth.
   Bitcoin is also a good investment. because it brings superprofits to everyone investing in it by increasing its value. So, if in January of this year its cost was about 1000 dollars, now its rate is 17 523 dollars.

It can be a good investment, but it can also be a bad idea. It depends upon the season of bitcoin, which is unpredictable though.

the reason of who say bubble is price so if you use bitcoin for price will be bubble

bitcoin is digital money and not investment