Bitcoin Forum

On the sustainability question, bitcoin is a pure bubble, an asset without intrinsic value — its price will fall to zero if trust vanishes.

There are two kinds of people here that share the opinion of OP (Bitcoin is a bubble). Those are:
1. New investors that have no idea what they are doing, they feel like they missed out on the action and there is no more profit to be made so they are watching what they say on TV and coming here with those retarded views
2. People that are here for quite some time but still don't have any idea about technology behind Bitcoin and what it actually does. I won't explain what or how here, I don't have time to write one post whole day but there are information online. Uneducated people, look it up.

can't be predicted whether bitcoin can be sustainable or not, but for now I think positive and i hope bitcoin continues to grow and acceptable in all countries''

Yes, I think go, i hope bitcoin continues to grow and accept in all conttries.

yes it can happen, but I do not think bitcoin will be that fast to end. because bitcoin is a technology that is created for the needs of transactions, so I think until now and in the future there are still many people who will support the development of this bitcoin so bitcoin will survive.

Obviously, Bitcoin is the system that will be stay for a long time and the blockchain system will rule in the monetary system in the future.

The issue with the intrinsic value argument, which many people make, is that nothing has intrinsic value. There is not a thing in this universe that has intrinsic value. Anything we say has value was determined by humans in reference to ourselves. If you think about it this way, Bitcoin actually does have intrinsic value, because people benefit from it. It has revolutionized an industry, it is a safe way to send something from one person to another, it's the first successful decentralized payment method, and if it continues to gain adoption it may be considered a currency. I don't know about you, but that is value. Whether the price will go up or down, I don't know. However, I do know it has value.

I don't think this is the right attitude to have. You shouldn't dismiss every person who doubts by pushing them out. You should try having a civil discussion instead and maybe help someone change their mind. Not to mention, it doesn't help the market if everyone blindly believes they aren't in a bubble. Challenging these opinions with facts is the only way out. If there are no facts, then maybe you should start believing we are in a bubble.

It's not really up to people here to try and convince others, if they don't see the technology they don't see it. They are mostly just looking for ways to make money.

Wish, bitcoin will sustainable in the future to give better lifestyle if you having a bitcoin  :) hopefully bitcoin is better sustainable #sustainable

Bitcoin is nt bubble it is real value of trust as long as people keep trust in gold they keep trust in bitcoin so bubble is fait banks nt bitcoin and gold

You are wrong. BTC is showing us how to think of what has value. From your statement, it appears that your definition of what has value has not changed. Value is created by us and the market. The same with gold, it really has no value if not for us and its market.

On the question of real sustainability, BTC's Proof of Work is not sustainable if you think hundreds of years ahead to the future. It has to die, or switch to a more efficient mining algorithm.

Indeed, bitcoin is virtual, its value is gradually established over time, because Bitcoin has a huge user base, so we can reflect its value. So bitcoin will continue because its user base is still growing

This lie of intrinsic value needs to stop, nothing has value by just existing, things have value due to several factors one of them being its utility, bitcoin is useful that is why it has value, it allow us to sidestep the fiat system that is a fraud, it allow us to transact money without using banks and it is a great investment. if that is not enough for you then so be it.

the right answer. I fully agree, however, that knowledge is the most important part of the assessment of bitcoin and especially on other cryptoes. OP questions almost every day we meet in this forum, and almost from many beginners come, just a few who immediately seek search and knowledge rather than just ask empty without educating.

I am new in the world of cryptocurrency, but as per i reviewed so many articles about bitcoin and found all are they predicting bitcoin price would be INR 1 cr by 2022. As the bitcoin is on the basis of demand-supply having limited or fixed quantity, it should be sustainable... Many people get the better lifestyle with the help of this only..

People who say bitcoin is a bubble, are people who don't know the concept of cryptocurrency. They should study more about bitcoin before they say it is just a bubble. How can a bubble worth thousands of dollars? And ofcourse its price would never fall to zero.

If you truly understand the technology behind bitcoin you will know that bitcoin is not a bubble and if bitcoin was a bubble it could have busted long ago, the people you see bitcoin as a bubble are those investors who see and act according to what the watch and read on the news who think they have missed AUT in the action what out having the knowledge about bitcoin. If you understand the cryptocurrencies world you will know that bitcoin is very volatile and it price can never be stable.

Its a funny question , if there is no bitcoin there is no other coin so it goes without saying Bitcoin is very essential and important in crypto currency market.

No one can predict about the sustainable of bitcoin. But if their is using bitcoin the sustain of bitcoin it became longer.

I cannot say anything about sustainability but at least I am sure that it won't vanish easily.

I think its silly question of course Bitcoin is sustainable for always time.hopefully positive and bitcoin continues to grow and acceptable in all countries as soon possible And of course, its price would never fall to be zero it always rises position. don't aspect any fake news focus on Bitcoin Discussion you will get an update and you think will be much positive. some time have any idea about the technology behind Bitcoin and what it actually great and sucre wallet. you should know your more knowledge about Bitcoin you can search google also see Bitcoin Forum, best of luck.

Bitcoin has been existing for 9 years and more people are getting involved in bitcoin but only few of them are dedicated like doing some research to become more knowledgeable in the world of cryptocurrency and the rest are just rushing in without knowledge to get involved because they just heard about its profitability. These types of people who will immediately jump in to conclusion that bitcoin is scam because they didn't get anything. For me bitcoin can still survive in the next generations.

No, it will only happen if there is a massive fud or if just the price literally drops below $5,000 for some kind of strange reason.

Anyway, let's just hope to do not see it happen. But seriously, it has zero chances to drop below $7000.

While bitcoin, as the current and premier crypto payment tech, may go down in the future.
It will be remembered as THE ONE that started the cryptocurrency technology and market.

The foundation technology that bitcoin started will be it's legacy.
The first incorruptible, distributed and transparent form of electronic money.

Bitcoin is sustainable to some extent, we can't expect this to be sustainable. Because, think of the ongoing situation the price difference that has taken place between a months time is very big. This difference could have made a big impact upon the users self earning from cryptocurrency.

I think its sustainble now because many of country and people was adopted bitcoin now like my country ,anf because of that the investor of bitcoin was increasing and increasing, as of now the bitcoin price is getting higher and it because of investor or also known as holder these are the reason why bitcoin is perfectly sustainble.

Yes it is, despite the price decreasing in the beginning of the year, and some restrictions, i think that it is still sustainable.

i beg to disagree, bitcoin has already survived the early days way back 2010, an asset without intrinsic value? what are you talking about, cant you read the graphs? it has the highest value even if a lot of new cryptocurrency are popping up these days. and the price will be impossible to reach zero, as long as bitcoin holders are earning thru trading, bitcoin will not be dumped.

yes, bitcoin will go to zero or die if trust is lost, and bitcoin will not have the price anymore, but the bitcoin journey is still long, and it will not happen quickly. I believe as long as still there are many users, bitcoin will survive until the bitcoin stock runs out. maybe 3 or 4 more years.

bitcoin is on the basis of demand-supply having limited or fixed quantity,  so i think it should be sustainable.

As an stage for novelty, Bitcoin is 200% sustainable. Because Bitcoin has already involving a lot off people. Not only person many organization are using bitcoin.

Bitcoin is sustainable when it comes to having a system in terms of transaction , it is mainly made possible by the mining of people where it comes to the tehcnical production of bitcoin. Yet, bitcoin much more need the support of people because bitcoin development is dependent to people in the point that it needs to have transaction for people to it to improve its system and to develop.

Different people - different opinions! Bitcoin has different future in different minds. Every holder has own opinion about the possible future. One thing is certain and that is that nothing is certain. The future cannot be predicted and all these speculations are just that - speculations.

Bitcoin will for sure grow in my opinion but that is just my opinion and someone else will say that you must sell everything because the final fall is coming.

Each decision that is made at a given moment is actually good. Everything depends on a current situation for an individual investor.

Yes it is true that bitcoin is a bubble, but bitcoin has a very positive bubble for me, because with the bubbles that many people who earn a profit when they sell at high prices.

if trust vanishes my friend so many companies will go bankrupt because their stocks as well as good will fall, until now it was sustainable but after this point it is very blur to say something certain whether if is going to fall or rise.

BTC, the best and very innovative invention so far, has very great existence ahead and the way and time it has gained the trust of millions of people and even the government of many countries has legalized it, so I guess these evidences are enough to proof the durability of BTC  and it could never vanish in future and will surely become the future of economy in the future.

Bitcoin is gaining price heavily and losing price significantly.It seens that bitcoin is quite unstable and risky. Yet if we look at the price chart and demand graph of bitcoin, we will be assured regarding its sustainability. Because, each and every year, bitcoin price is moving upward although sonetimes it drops down.

Yes many of us has different speculations about bitcoin if it still sustainable. Of course it still sustainable in fact many investors are keep investing on it and satisfied of the good profit they earned. Although its value is very volatile sometimes but it has experienced by everyone of us that it will still growing in the marketplace. It is just depends also the decisions of everyone how good to be done to decided to keep bitcoin to sustained forever.

if trust vanishes from any asset than its price would be zero which not a specific thing about btc and which can happen with any asset so we try to make this trust not to vanish.

When trust vanish, and I think that it is pure impossible that the trust of ALL the user of bitcoin just burst and vanish without a reason. And if there will be a reason it might be because the government is continuing on trying to control the value of bitcoin by adding taxes on it and such things that keeps it regulated while the true nature of bitcoin is unregulated.

Bitcoin is not sustainable. the proof of work consensus method  is unreasonably cost inefficient.There are numerous methods that are more efficient.

yes, I hope so. Bitcoin can be acceptable in all countries. increase and decrease is normally

I wonder why so many people say that bitcoin is a bloat. I would probably suggest to everyone who has the bitcoin assumption as above to better understand the function and purpose of the bitcoin applied blockchain technology. I personally see bitcoin as another solution to the world economy in terms of digital payment systems.