Bitcoin Forum

Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......

Untill then, we have a long ways to go!

Buy and hold is my advice.

The increasing purpose and usage of bitcoin makes the price more stable and compact. It cannot simply fall down from a huge amount of dump from traders. The support from the people is what making bitcoin usable as a currency more than an asset. I believe it gets stronger by next year and not become more unstable.

people who call Bitcoin Bubble dont know anything about it

Steam has abandoned Bitcoin, so why should McDonalds, Walmart, or whatever start to accept it all of a sudden? Methinks, the primary reason why Steam ditched Bitcoin is lack of demand. I mean there weren't enough people willing to pay with bitcoins for the games Steam is selling. They say they dropped Bitcoin because of Bitcoin's insatiable volatility, but personally, I doubt that. If people were actually using Bitcoin in their everyday life, Steam included, volatility wouldn't be an issue any way you look at it.

True that. But I would say that the transaction speed is the bottleneck for them. I mean if you gonna order a Burger and you have to wait 6 hours before your transaction is confirmed. I would say that your burger is burned at that time. No one wants to waits that long for a transaction. There has to be an alternative better and faster coin.

Not actually burned but just a cold burger. But for me, transaction won't be a problem at all since they can make an alternative way to fulfill that problem. I think they actually accept bitcoin as an alternative payment for person who uses bitcoin only and I don't doubt it as impossible. Though bitcoin is out of demand, and if McDonalds, Walmart, etc accepts bitcoin, there comes demands goes rapidly. So if such stores won't accept bitcoin, how will demand grow? So for me, they should start it by now. And if they are the one's who first accepts bitcoin, I think they are also the one's who will benefit the most on bitcoin. That's what I think they think!

bitcoin bubble is a trick of the media and the elite. Because they are afraid of the bitcoin strength that in the future will acquire fiat currency. Because fooling the community is the task of the media. So for those of you who have bitcoin, please hold it and keep it in your own wallet, we wait in 2020 for further bitcoin development.

If you call bitcoin and other crypto currency stage a bubble, then it has been bubbling up many years now... srsly... The only downside is that crypto currency maina that surrounds this today is that people don't see it as an alternative currencies they see it as a money making machine. Many people still enter the scene just to be able to "cash out" at end but they fail to understand that bitcoin and altcoins are actually money and that there is no need to trade them for fiat currency back again - this in my opinion is why you have swings with high proportions. People rather see it as an asset than as an currency.

It might be a bubble who knows, only time will tell. Tbh I thought many times that bitcoin is entering the bubble stage that I don't really know what to think, easier is just to hold. Because we all could be fooling ourselfs that it isn't bubble, because it wasn't been the case the last time - but on the other hand we all could actually be wrong about the bubble thing as well, maybe just people are starting to take a notice of bitcoin and other crypto currency.



This could easily be the case as well, because those people are comfortable, banks haven't had any competition till now so the best way is to try to scare people to not even think about bitcoin, remember "it is used to buy drugs on the internet" you don't want to be flagged as some shady person don't you ::) ::)

I'll leave you with the quote from Gandhi

"First they ignore you, then they laugh at you, then they fight you, then you win."

A lot of speculations and rumors has been spreading all over the social media about bitcoin being a bubble that will suddenly pops and lost. But there is still a big chance that it is really true. Bitcoin has been increasing its value ever since it started and no one really knows what will happen to this because it is decentralized. Only the market around it will tell and dictate everything about bitcoin and its future.

Actualy only madia and some big whales only doing this because they want bitcoin to go back down to a lower price again so they can buy more bitcoins. Will if this big stores will start accepting bitcoins then probably bitcoin price will go on rampage again like a rocket in the sky.

This is what happened to me, when I started to get into bitcoin many people especially my friends did laughed at me. And then a year after they laughed at me, they are now started to give me some good call since they are now interested about bitcoin, they saw the price increases but I have no longer interest of talking to them.

Steam isn't the only company in this world, they can abandon and stop accepting bitcoin. They have a different industry and market with Mcdonalds and other companies that are willing to adopt it.


I am holding and will stay with my plans.

Call it a bubble or whatever they want. Bitcoin is here to stay anyways. I don't know though that even McDonalds, Walmart, and Gas Stations begin to accept bitcoin, they will still call it a bubble. Looking at the price @17K looks like really a bubble to me. LOL. But just like you, I will hold because bitcoin now has a bright future specially that a lot of investment institution are also joining this so called bubble. They can't resist bitcoin because of the huge amount being involved right now and they want a piece of the pie to this bitcoin bubble. Bitcoin for long term hold.

It sure feels like a bubble ... but it might as well go up to $200k, crash down and settle at $50k and then that is the new normal. Only time will tell.

It is the view of some economist that bitcoin is a bubble which can be burst anytime but I don’t think so because I am looking bitcoin as the most stable crypto currency in the whole world as the increasing price of bitcoin is a solid example of its stability.

Maybe they know that bitcoin have a great opportunity to makes us better in the future and they are just trying to dump bitcoin so they can buy more. I heard this years ago and look at now, bitcoin are still on top well if this is a real bubble how much air bitcoin needs just to reach this kind of level. The real believer of bitcoin are the real winner here, better to be more patient and enjoy gaining bitcoin.

Well, it is not a bubble for now, but it could become one. The rising price of btc is basically the only way to get people into cryptoworld, and si doing a great job until now. I think right after institutional money come in the game, they could manipulate bitcoin price transforming it into a buuble and then pop it like most of the other bubbles they popped.

Yeah it's a bubble but it will end in 2140

THIS!!! or they simply hate it. ;D

Well, I do not think it is a bubble, it is great system to store value - much better than anything we know now as physical gold or real estates. The current problem we have is with transaction speeds/fees as this needs to be improved for major adoption - lighting network is in progress and I think it would help significantly. Bitcoin follows the exponential growth of social networks - currently there are 15M wallets and it follows exponential growth pattern of social networks - there is still huge market to capture as it goes mainstream, and I do not think 200k USD is the limit, it has potential to grow much more and we could see it grow very fast as more people join in.

Bitcoin is very young and easy for people to use. You're right, things will get popular when the network get the update.

to be honest, it pisses me off when people say Bitcoin is a Bubble. like, come on, you haven't seen how long btc has been around and how much it grew? and you speak as if it just appeared from no where instantly?

If thats how those people view it, then so be it. i have no time to argue with people that doesn't know anything about bitcoin and just say "meh bitcoin is a scam"

Bitcoin may be a bubble, but does not bubble itself change the world?
Numbers is a new type of dotcom bubble
Every day, we hear of a new hedge fund investing in money. And who can blame them? They have spent a long time stagnating with rigorous standards after the financial crisis. Why try to make a profit of 15% on the stock market, while giving you 150% in less than a month.
From the saboteur to the revolutionary

But at the same time, we can not deny that a completely new technology infrastructure will be built - in which the internet will change the way the world works.

Balloons give people the railway. The bubble that opened up the shipbuilding industry in the 18th century. The bubble brings the internet to everyone. Balloons are now the number one currency, which is the strongest currency. Bubbles are not a bad thing at all.

Bitcoin Bubble ? No. bitcoin will contentious forever? No

yes in 2018 will find more and more accept bitcoin and many will be read to buy more

yes keep hold better

experts are expecting a price for bitcoin like 100.000 usd, so bitcoin is going that way,  maybe with little corrections it'll continue to increase, More and more people are entering to crypto world and making trades with bitcoin and altcoins. Also big firms are investigating bitcoin shopping opportunities, in germany bitcoin has future contracts so we have an ocean to go. This all means : bitcoin is not a bubble.

The way I see it, Bitcoin is going up not because some big institution is 'pumping' the price temporarily for a huge dump later on. The entire world is joining in and for once, no bank can contain this revolution.

Well it is  quite possible that bitcoin is just a bubble, but it would be very unlikely because of the amount of people sho supports and use it, also there seems to be a growing support for bitcoins to accept bitcoins as payment.

Buying bitcoin at this price requires you to be a big time investor and the price of bitcoin is on a bubble because there are big funds coming from big time investors and wall street and hence i do think we will see a big correction soon,as these investors might dump the coin and can manipulate the price ,so be cautious .

I would also add that fees are very expensive for any transaction.

Bitcoin is a commodity very much like oil or gold dollars of euros. There might be price fluctuations and corrections but in the long term it is a bull market. Some say bitcoin will reach $500,000 sooner rather than later but it is a zero sum game someone always loses it is just a matter of when.

Over time, bitcoin is becoming more stable and the usage of this in more recognizable transactions generates such stability. Even though the value seems to be fluctuating, the noteworthy ever here is the constant increase all in all.

If McDonald's and other big businesses accept bitcoin, then bitcoin is defined as a currency, and prices tend to stabilize.

People who speaks about bitcoin being a bubble are the people who does not know much about its origins, its capabilities and strength and most importantly they don't have any bitcoin so we should not believe them. They are just basing their words from the stereotypical sense about what bitcoin is. But truly, bitcoin and all these cryptos will create a new era of technology for the world.

I'm a bitcoin user, I think it has a good future. But at present, the value of bitcoin is unstable, I think the bitcoin is just a bubble, it is inflated for a short time and suddenly dropped rapidly.

It is best to let your Bitcoin stay for now. You need to look for the right time where Bitcoin and its value gets higher than what is expected to enjoy it.

some people without any idea talking about a bubble.but real men know what's going on.I think we don't want to worry.just buy and hold.sell it at the right time.

It is not a bubble, I think it is just disrupting technology. I do however think it is over evaluate , just not in a "tech bubble".

I agree about the holding part, but right now bitcoin is well knwon for many people and i don't think that McDonald, or any other company that will start accepting bitcoin will infulence its price highly, i mean the price of bitcoin is high and keeps on going even higher, so tehre is no man with the mind is going to go to McDonal and buy a burger for 0.0006 btc, not after what happend with the 10000 btc pizza guy, that amount of bitcoin could be worth 10$ now but in a year or 2months it could be worth 100$, bitcoin is not meant for being used on daily basis, it is an investment that needs to be held and saved until the time is right to collect the profit.

I don't think it's a bubble. But we could well be in a bubble currently although I disagree with anyone that thinks the entirety of bitcoin is a bubble due to it being one of the most revolutionary things since the internet was introduced. Remember that people said the .com and internet was doomed to fail and was a bubble. How wrong were they?

It’s hard to say that bitcoin can fall down. There are more establishments that have become open to using them so they continue to be of value.

Speaking about the bubble in the market  of the cryptocurrency, in my opinion, is not correct from the point of view of comparison with what we are used to call a Bubble. For example, the same dotcom market was nine times larger in volume. And the entire market is crypto-currency compared to other financial markets is very small, so if you can talk about the Bitcoin Bubble, then we are only at the very beginning.

This is just a normal bubble because the bitcoin phenomen is too big already and yea price will go on a rollercoaster , nothing unusual. If you are a good trader , you can speculate this dips and bounces and you can earn some extra bitcoin but if you're not , better to hodl or sell and buy lower if you think it will go down a lot.

Who accepts the currency isn't the definition of a bubble. It is when everybody is making easy money that easy money will eventually stop and cease to be easy that is what bubbles are about. I don't think we are there yet either probably another year until it comes closer and we need to worry.

On what are you basing your advice exactly?

people who use this word i mean bitcoin bubble they dont have proper idea .A lot of speculations and rumors has been spreading all over the social media about bitcoin