Bitcoin Forum

after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?

They are calling bitcoins value a bubble because of its volatility. All market based value currency is always prone to bubble since it is volatile. When the price goes up and suddenly it goes down then we have a bubble popping. But that is very normal to bitcoin and if you are a long term holder that is no problem but if we talk about day trading then you are in deep trouble if a bubble occurs.

As long as people see Bitcoin as an investment (asset) and not for what it truly is, Bitcoin will be bubble. When people start using Bitcoin as an currency, price will stop being so volatile and bubbles will stop appearing. So with what Xester said and what I said, I guess you can understand why Bitcoin is considered to be a bubble, even for so long as 10 years.

Probably because BTC is stored in a computer network, people can't see it!

They don't understand the meaning of blockchain technology!

And without the country's credit support, many people don't believe in BTC!

bubble does not mean empty. fake..
eg. houses are real things that people live in, house prices are naturally expected to increase, but there have been housing bubbles

in short.
look at the last 12 months.. find the LOWS of crtain periods in that time. and draw a line. the lows are considered the real value..
then when you see a unnatural spike up in the price that is a bubble

but just calm down, as i said bubbles happen everywhere like houses, but houses will always exist

Those who call bitcoin a bubble, also think that bitcoin is a useless thing. They don't know the blockchain technology . They don't know the advantages. They think every thing which is valuable should be physical. They cannot imagine something to be valuabe but with no physical shape. Another reason is that bitcoin is not being widely used.
I have seen many people think bitcoin price is a bubble. After any small fall in price they are proud that they were right. But they are always wrong.

  For yes bitcoin is a buble currency its not like a real state like dollar and euro. But maybe in the future it will be real but for now its still a bubble. I dont know but for me and other expert says that anytime bitcoin will pop just like a buble so be wise on your invest

Because of the price is mooning. people says it will bubble.
But the fact bitcoin market is growing so fast and it will be a future one day

First of all, like Franky said, anything can become a bubble. If it grows too fast for too long, it becomes a bubble.

Now, Bitcoin is deflationary and was undervaluated for way too long. This already gave the chance Bitcoin get a high pricing. Being deflationary, by getting used by more entities, the price has to go up anyway. Most economists may not really understand such deflationary asset and will call it a bubble even when is not.

However, the history tells that what happened in November-December with Bitcoin may have been indeed a bubble.
This will happen again because the price has to rise anyway and probably, sooner or later will trigger again gold rush-like behavior (FOMO). History goes in circles.

All in all, Bitcoin will rise, as an average. If bubbles will be involved, we'll see again high rises, big drops and so on.

For me those people saying it dont have a deep knowledge about what bitcoin is and how it works, but if they try to study crypto there is a possibility for them to change their minds.

Because they believe in FUDs too much and they do not know much about bitcoin. Bitcoin uses blockchain technology that is very much in demand right now. Many countries are adapting to this kind of technology which is why I believe that bitcoin's life span will be longer. It may not replace fiat money but it will surely have a place in business world.

Their point of view about bitcoin is different they see it as an asset for investment. Many followed their footsteps and suffer.

This is right in chart technical analysis, But I believe that bitcoin was excepted to the general rule since BTC is ground breaking technology and it is normal that it will show some abnormal price hike. People see what the future of bitcoin that's why many invested. It will always be a bubble if we look back in initial price of BTC always and not the future use of bitcoin. It's up to the person perspective if it's a bubble or not.

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.

Bitcoin is a digital currency, also known as a cryptocurrency, that emerged after the financial crisis and is not underpinned by a central bank. It allows people to bypass banks and traditional payment methods for goods and services – an idea that has evidently caught the imagination of some investors, because its price has surged by more than 900% in 2017. Bitcoin – created by “miners” who use high-powered computers to solve complex mathematical problems – must be stored online using a digital wallet, and can be bought or sold using exchanges such as Bitstamp, Bithumb and Kraken.

The restaurant is not exposed to a bitcoin bubble because customers pay via an app that takes on the risk by instantly converting bitcoin payments into pounds on behalf of the shop. But he likes the lower cost it brings to processing sales, unlike the “crazy fees” charged by credit card companies.
“I love that it’s outside the banking system, but I have concerns,” he says. “You see everyone piling in and the concern is that it’s going to be artificially inflated. I would treat it like a game – it’s shot up so much, and what goes up must come down.

Because of the value they rise abnormally. People are afraid to hold them. But I believe BTC is a secure coin and sustainable development in the future. Be sure to invest in BTC. Do not worry too much.

People trust media and experts. If they tell that Bitcoin is a bubble, a lot of people will agree with this information. But if government or somebody with large authority will tell that BTC is new kind of money, they also will believe in that. People are laze and don’t want to check facts by themselves…

Essentially what it boils down to is that people are ignorant and whether it is selective or not it doesn't matter. They simply don't understand Bitcoin and what it is about and are quick to jump to compare it to tulips or the dot com era. Sure you can compare them a bit, but this is anything unlike what we have seen before and that is why I don't think the comparisons make any real sense here.

Yes that is the only reason why people call bitcoin a bubble!! They are just afraid that they will not be able to get any returns out of the market. So in the fear of losses, everybody got panic and believed the FUD that was created by the media, they had formed opinions like bitcoin will be dead soon....there is no future for bitcoin...bitcoin is a scam, bubble and what not!! So it was a bad time for bitcoin all n all. But trust me the market has started recovering now so the good time will come and make things better again!

P.S.: Bitcoin is not a bubble coin, its just a matter of perspectives and time!!

Main reason think bitcoin is a bubble because the price increased in a too small time frame, I assume that a large percent from the people who admits that bitcoin is a bubble do it because they are upset that they didn't buy it at the right time and now they have to pay much more for the same bitcoin.
Also one of the main reasons that bitcoin is being considered a bubble is because most of it's  investors are not users but speculators.

Nobody is afraid to hold something. What they are afraid of if what if they lose their money.


Mainly the medis FUD is bought easily by the common people. If they would think scientifically they would understand the essence of bitcoin and its usage. Now most people are too lazy (like marmeladko said) and rest are brainwashed by reading the shillposting on reddit channels and twitter account pages. Believe me, those are breeding grounds for shills who dont care about investors money but for pumping every other news.

you dont get it..
the technology is not a bubble.. things are not in a permenant bubble..
a bubble is a small piece of time where something is grossly OVER valued.

EG houses are real
EG tulips are real
but at certain times the market prices of those thing can go exceptionally high real fast. which is the bubble..
bubbles are about temporary speculative unnaturalhigh prices..

and before you try to reply.. what might have been a ATH bubble 2-4 years ago... might now be below this years alltime low. EG 2013-2014's $1200 ATH was a bubble..... but now with $6000 being tested as a good low for an ongoing period.. $1200 today would be classed as under valued, where as $20k would be this years bubble

again.. get the all time low of each 3-6 month period... draw a line.. call that the bath water of value.. expect a thin skin of foam on top for a bit of speculative stirring of the water.. but when you see a big mountainous lump that looks out of place. thats a bubble.

Hi,
Why don't you search this question here?
I see you are newbie.. but need search answer before ask question..

Who think that bitcoin is bubble, they don't know that is this really and don't know how it works.

People are mostly under the impression it's a bubble when they first hear about it and see the price going up so high and then collapsing. Usually they don't bother to look it up anymore after that since in their mind "the bubble has already burst".

We on the other hand who have know btc for longer knows that it can be quite volatile and that usually after correction the price slowly climb back again.

Something new is almost always perceived as something that will not work, in the field of finance people think about something new like a bubble. It's psychology.

I think bitcoin is usd of cash

But when the price is rising up and fast, we can expect it to fall as fast as it grew, right. Which mean that, in moments like that Bitcoin is a bubble. It value in moments like that is just pumped by hype or whatever, we know it will burst and fall down to its more realistic price. So I guess its wrong to see Bitcoin as one big bubble, but still smaller bubbles happen from time to time. I hope that what I said make sens to you.  ;D

Those who think Bitcoin is a bubble do not know that Bitcoin is more than a currency. It is a new paradigm with a technology (blockchain) that will transform the world. It is unreasonable to call Bitcoin a bubble.

Yes, this reasoning is true. If people invest in bitcoin because of speculative aspirations to get a big profit from its growth in price, bitcoin rises sharply and its financial bubble manifests itself. If this happens further, especially when it reaches high price values, then it can ruin it. If it is used primarily as a payment system, a way of storing the value, it can exist for a very long time.

the first and the most important question that you should ask and try to get to the bottom of it with these people is whether they Truly think bitcoin is in a bubble or are they just talking out of their asses.
if you do, you will be surprised how many of them are talking out of their asses! most of them are parrots repeating some bullshit they once heard somewhere. the others are just spreading FUD in a desperate attempt to see some lower price so that they can buy and make bigger profit or possibly make what they lost because of their idiocy.

otherwise bubbles do happen, bitcoin had at l east 6 major ones in its history, they come and go seamlessly but the drama lingers.

yes, you are right bitcoin has been going on for 10 years more but some people still think that bitcoin is a bubble. I guess their assumptions do not match the existing facts because if bitcoin is a bubble of course bitcoin has disappeared considerably in the past few years. but in fact until now bitcoin still has a very high existence. so I think people are saying that bitcoin is a bubble in my opinion they do not understand about blockhaind technology at all.

Because sometime, the price pump too much and go down fast, like previous time, it reached 20000 usd and now it is 7000 usd.
Wait for the time when market is stabler.

Bitcoin has been around for 10 years, yes, but the question is how many percent of the global population know and use bitcoin. In my opinion, bitcoin like any previous disruption would pass through a stage where it clearly appears to be a bubble. This is a stage where people are getting to know and adapt to the technology. Depending on individual use case, bitcoin may fluctuate in price for a long time as people basically see bitcoin as an investment/asset rather than currency.
Therefore, a lot of people go in to take profits without first understanding the core use cases of bitcoin. We would witness these metamorphosis for a while before it is streamlined. Bubble or no bubble depends on the perspective of the individual.  

it's because they see a graph created from its initial bitcoin from a cheap price then rises very sharply and it is definitely priced there will be time to plummet and collapse that's why they call it like a bubble.

there are many factors that cause many laymen to think bitcoin is a bubble. of course, very factorially by the government in a country and about various rumors about bad rumors in every opportunity.
yes, the point is limited education and knowledge that triggers many who think bitcoin is a bubble. and to date many economists say bitcoin is a bubble.

I absolutely don't believe you!
Please try to prove and provide some studies regarding this matter? It would be very helpful if you do so.

pros and cons will always be there, let alone those concerning bitcoins. this has been going on at all, some world experts say bitcoin is a wave of bubbles that can explode at any time.
however, in the angle of technology and knowledge, bitcoin has it. and especially in transacation systems that do not require a third party like a banking. this is the strong attraction of bitcoin when it was first created.

You should put yourself in their shoes, before you ask this question. Most of these people are invested in currencies that has almost zero volatility. Bitcoin has the highest volatility that I have seen in both currency and commodity trading and this is what is causing all these allegations of Bitcoin being a "Bubble"

Most previous "Bubbles" have been known to have serious price spikes and high volatility, so it is not strange that they make this connection with Bitcoin.

They don't know the blockchain technology . They don't know the advantages. They think every thing which is valuable should be physical. They cannot imagine something to be valuabe but with no physical shape. Another reason is that bitcoin is not being widely used.

It is a bubble but it does not explode but fizz out slowly. Then the player does not pump immediately but pumping slowly  ;D ;D ;D

These rumors are forming when bitcoin is depreciated..People want the price to rise without ever falling..This is impossible.

because they think that after bitcoin high, so, will die forever. their minds are narrow and they do not see spreading of bitcoin, fluctuations and other factors that can make bitcoin survive for a long time.

and many people say that bitcoin is a bubble, but they are investing in altcoin.

very strange.

Most people tend to believe that it is a bubble, do not want to understand what it is and what it is eaten with. And if they began the study they would come to the conclusions that it is rather a needle to the bubble standard of money.

i don't know why, this is bother me too. If bitcoin was a bubble, bitcoin wouldn't be last until now.
Peoples may think bitcoin is a bubble because the price has gone very high from past years.

Some people think bitcoin is bubble coin because the value is volatile and it changes from time to time so they think that bitcoin may be gone like a bubble but I do believe that bitcoin will never end because it is not onwed by government and many people are still believing and investing on it.

For 2017 year BTC was pumped since 1k till 20k $ and then was dumped till 6k $. Of course, it seems as bubble coin from one side. So that is answer for your question :)

I think that a very small number of people consider bitcoin a bubble.
This is rather an imposed opinion from the TV screens and from articles of various information sites.

its not actually a characteristic of a bubble.. that when its big enough it will pop.. i prefer say it. its a wide and big ship can transport you from one idea to another. cause bit coin  is so flexible in terms of transaction specifically money transactions

My opinion is that such thing as a bubble does not exist. This term was invented in order to state a fait accompli. Any financial instrument can turn into a bubble. The basis of the cost of any currency is the trust of people. If there is a massive drop of assets will not stand any currency or Bank.

it can be considered as bubble coin because bitcoin cant mantain its stable price for a long time and can pop anytime...as you can see in these months,bitcoin pumped almost at $20k and then dumped to $6-5k....i think bitcoin will keep like this way til the end

The notion of inflation to bitcoin will not occur if a 10-year selection is used as a currency. However, now bitcoin is only used as a digital asset for either long-term or short-term investment options. Therefore, if we do not want to happen the bubble continues to change the way we think of using bitcoin as currency or payment method.

Because many people think the value of bitcoin exceeds its true value, bitcoin can also be attacked by hackers, if the number of hackers who successfully steal Bitcoin increases, the belief in This virtual currency will no longer, leading to a collapse in value. Countries that are not in favor, governments want to tighten control over this virtual currency, at least on their territory.

Hi,

People keep thinking it is a bubble for two main reasons:

- The curb of prices and trends that you can observe, always look like those of already well-known bubbles. Over the long term, you can always show the similarities.
- The previous bubble that have bursted, have left painful memories. During the subprime crisis or with the tulip crisis, people have lost their house. Entire families have been completely destroyed. This is quite worrying, and mass media perfectly know that. SO if they want people to be afraid of bitcoin, they enhance this "bubble" aspect!

I personnally think that we can't know. Just because unlike all previous crisis, bitcoin is nothing tangible. There is no measurable asset related to it.

I guess what we should clarify with onlookers is that bitcoin itself is not a bubble but have bubble-like tendencies to go on a hike and then drop down dramatically. If they'd see this as a feature of the system (being highly-reliant on supply and demand) then they probably wouldn't be much bothered and accept it as part of getting to handle bitcoins.

Such a huge increase in price without any intrinsic value is termed as bubble. Usually in traditional economic models, if an asset is backed by nothing and is still is appreciating, then it is an economic bubble and will eventually burst as it cannot sustain its value in long term as demand needs an utility. Bitcoin so far lacks utility and the price is mainly being driven by the speculations. Since, supply is limited, price is expected to appreciate in long term as the craze for cryptocurrency is still in its initial phase. But if Bitcoin fails to find an use case, the bubble may actually burst.

Bitcoin is currently the most developed currency in many countries, but in the future, this currency will fluctuate in the current market Bitcoin is still holding a maximum price, there are In the future virtual currency will change the living environment of investors as well as change the world.

Because bitcoin dont produce any prduct and their price icrease fast with the apparent money from air

Because people are not really smart, if they were really smart then all the people around the world that are able to access the Internet should have adopted bitcoin already and fiat currencies should have crashed already and will be living in the world were bitcoin is the dominant currency, sooner or later they are going to realize their mistake and are going to regret not investing in bitcoin when they could.

This could be because the last bull market had a lot of characterisitics of a bubble but when the price finally came down, bitcoin didn't crash and that was what showed people that it wasn't a bubble.

some of them are just stupid and do not know how the blockchain system works. they say bubbles, they say ponzi, they say fraud, and also they say hype.

and some they do to make the bitcoin value fall, and when it falls they can buy more bitcoin and they can control the bitcoin value.

It is because people never saw something like this before and they are not sure how it works. This is exactly like making fun of the people who said that we can talk with the people across the globe without actually going there and then we saw the invention of the telephone. Bitcoin/blockchain is still in the early phase of development and will take more time to gain more confidence as compared to that of people using fiat currencies. Bitcoin is not just a technology, it is a philosophy of decentralization and trust.

Some of those people who see Bitcoin as the things you mention... well actually you can't blame them. Because Bitcoin acted like bubble in some cases, so its no wonder why people see it as such.
Some of them say its ponzi, because there are a lot of ponzi coins out there, and its no wonder why people who knows little about Bitcoin, put it in same basket as those ponzi projects.
Simply said, some people see Bitcoin as a fraud because its electronic currency, it doesn't have physical form and it comes from nothing.
There was hype periods in Bitcoins history, you can't deny that. It would be pure lie if we would say that it wasn't hype that lead Bitcoins price to reach $20k.

Its true that a lot of people know very little about Bitcoin, but that doesn't mean that some aspects of it are not true (like hype). Some things will change as people learn more about Bitcoin, and some will change when people change their way of using it. Don't blame other for their ignorance, instead show them the truth. And if they don't want to know, leave them be.

They say it because the price of bitcoin is growing abnormally but i think it is not like buble coin.it is the stronger crypto than other currency so it is not  gonna die within 10 years for this reason people think that bitcoin is buble coin

There are a lot of theories:

A well-known investor has been tempted to forecast about the bursting of the bitcoin bubble. "In a normal situation, when there is a parabolic price increase, the breakdown is very rapid. But in this case, as long as dictatorships develop, we will have a different situation, because dictators will be interested in transferring their funds into bitcoins, "says Soros, predicting that in such a case there will not be a violent collapse, but rather a flat peak. "Nevertheless, it is a typical bubble, which is always based on a misunderstanding, like tulipomania" - summed up Soros.

The rapid price growth of the bitcoin in this 10 years made the people to think thast it was a bubble and there is a theory says that if something had huge value in short term will explode at one point so that is the reason of bubble story.But people don't understand why the price increases rapidly because of it limited quantity.

They are not stupid, they are just not ready to give time to learn about crypto. They are judging it based on what media says about it. And media will always focus more on negative aspect of bitcoins because it will give them more viewers.

Most who had no bitcoin and had watch it grow by negligence are the ones who are mostly found calling it a bubble. The more news go around the more the demand the higher the price, volume of demand is the prime factor to the price

But the reality is that it is not a bubble but real increase in the price of bitcoin, in fact the rapid increase in the price of bitcoin is only becasue of the increasing demand of bitcoin which reducecs the supply and therefore the price goes  up, as time pass bitcoin is becoming more popular and which is also increasing the bitcoin demand constantly while the total amount of coin for mining is decreasing which is also a reason for increase in bitcoin price.

Yes,I am also saying the same the old theory may not suit for bitcoin or if we calculate the availability of bitcoin then it is slow growth rate for the bubble theory.The bitcoin price was determined by the supply and demand so they have to agree that bitcoin is not a bubble it is a golden duck. ;D So don't neglect it by saying bubble stories.

It is because they have very fresh experience of other bubbles: real estate bubble of 2008, .com bubble of early internet. They are fed with FUD news on tulip mania bubble created by groups of interest who can see bitcoin as real danger (governments and banks) to the status quo.

if you look at the list above, what do you think is suitable for bitcoin other than bubble coin? "Economists use the term" bubble "to escalate extreme asset prices on the basis of expectations of future price increases and without the support of economic fundamentals, and usually followed by the contrary reality of expectations, and the drop in prices." Maybe it could be said that one of the reasons why people think like that. But there are also people who take advantage of this bitcoin condition and take a huge profit from it.
 

Well, Bitcoin is like a bubble, it will explode. (The value of digital currency) will go down and most recent investment will be most affected. But that is not a problem, because bitcoin prices will jump up again as before

Bitcoin still consider as unpredictable coin and bubble coin means that bitcoin can increase exponentially without being expect because as all know that bitcoin value depend on supply and demand.

I think there is no insane bubble that can be create by ordinary investment except cryptocurrency

In this industry something is bubble when it is about to drop, crash and go below the down trend line. Now since many years bitcoin has been on the verge of ups and downs due to its very much decentralised nature. This is the nature which can give fluctuations in the bitcoin market cap and its value as result of "no limitation on buying and selling as well". People go crazy about that all the time and when something really big bad ass happens then they panic sell like crazy and bitcoin starts dropping at alarming rate, now this is the period where people start using that Bitcoin is Bubble.  ::) Isn't thats crazy. This is repeating since many years now and at each drop people are always there to call it as bubble.

because the price grew a lot in relatively short time. Some people say it's bubble but the truth is that it's simply a cutting edge technology that is changing the lives. Check how value of facebook grew in that period of time. Is it a bubble?

More often than not this people that thinks bitcoin is bubble are those people whose best interest are at the fiat money..those are from the banks and government who for sure will be at lost if bitcoin will overtake the mainstream. They will stop at nothing to create negativity agaisnt cryptocurrencies because this electronic coins has the greatest potential to make them obsolete.

Bitcoin is a bubble coin maybe because of the pretty good value of it. And it's really helpful. It gives an easy way to earn money, that's why people stay for long,.

just as you ask why people think bitcoin is a bubble.
the importance of basic knowledge and insights associated with crypto. of course if you try to find a lot of reading from various references you will not feel confused with your own question.
So, essentially this is a matter of one's knowledge.

I really think that those that say something like that are doing it not because they are stupid but because they have an interest in keeping bitcoin down, this is why you see that the media is so against bitcoin, because they receive their payments mostly from banks and governments and if bitcoin triumphs against them then they will receive less money for their services.

People think that bitcoin is a bubble and that it is a ponzi scheme because of the extreme raises in its value in the past 10 years. Every year it reaches an all time high that no one expects, so people think that uf it could rise like that, then it also has a very high chance of ultimately dropping in value and dying eventually. I don't think it would happen anyways since bitcoin's valur is very flexible than what these people have anticipated.