Bitcoin Forum

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

While bitcoin is still in digital form, bitcoin will never shift the position of the dollar or euro. Bitcoin does have advantages, but bitcoin cannot be used in certain situations, for example: buying candy at street vendors, and giving money to beggars on the road.

Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority. It’s sole purpose is to become a new payment system on its own.

Over the past 12 months, the price of a Bitcoin has surged tremendously. Back in January 2017, the price of 1 BTC was about $700 — roughly the cost of a flagship iPhone. Come December 2017, it almost scaled up to $18,000 — the cost of 18 iPhone Xs. And you would be surprised to know that the price was just around $2500 in August 2017

in my opinion bitcoin is not a bubble, but bitcoin has experienced a very bloated and shrinking price very quickly.

Everyone seems to ask this question. Yes, of course it was a bubble. Is it a bubble now? No.

When you've got people who have never executed a trade in their lives checking the price of bitcoin like it's a letter from their lover, it's a bubble. Investing is not for the faint of heart. If you cannot bear the pressure, don't bother putting your money on the table. Go and talk to an investment advisor who will direct you to whatever asset your bank has an excess of at that time.

Bitcoin will now start behaving like a normal asset because all of those morons who jumped in blindly are so hurting that they won't come back anytime soon. So we can see rational price action, soon hopefully.

Mmm ... what an original and different from other topics.
Okay, closer to the point. Whether bitcoin is a bubble or not will only show time. Because you can not say for sure whether it is so or not. At the time when only credit cards appeared, too few believed in their success ... and at that time it was also possible to say that it was a bubble. However, they are now very actively used to this day

Its a long term game for the Big Daddy of Crypto, just average your way into it over time, turn the market off, and you'll be fine.

the technology is real. its not vapour.

but th price. thats a different story. but we first need to address peoples worry or confusion over "bubble"
the real estate(houses) market has had its bubble period. this does not mean a house is not real
tulips had a bubble. this does not mean the flower is not real

a bubble does not mean the tech/the asset is fake. it means a TEMPORARY PRICE is inflated and will pop
a bubble does not mean its ben a bubble from day one or will always be a bubble..
again for emphasis. a bubble is a TEMPORARY INFLATED PRICE THAT CANNOT SUSTAIN ITSELF

all a bubble means is that the price is hyper inflated and will pop.
the two major bitcoin bubble periods was 2013 and 2017

bitcoin is not in a bubble. the 2017 correction occured and now we are down at the low levels where real value lay.
this is uaually the best time to buy in.

Я дyмaю чтo биткoин и дaльшe бyдeт paзвивaтьcя, этo yжe cтo пpoцeнтoв!

It is true that the bitcoin market made it raise its price far beyond what is rationally sustainable, but we must be sure that the technology that supports bitcoin is much stronger than the speculative waves that the market tends to create, so I find it difficult to qualify bitcoin as an empty and worthless bubble.

The question for me is whether these fiat will actually be abandoned giving the fact that bitcoin is a digital currency which is not carried around like fiat.

I think even if it were possible that fiat is not used again, obviously the value will fall drastically because its exchange value has died and of no value.  This is like trying to put a name in something that exist in vacuum.

In how many times i read a similar topic but it same thoughts and many speculation that always saying bitcoin is bubble, scam and etc. But many of those investor and they using bitcoin as primary usage for transaction that bitcoin is not bubble and i also believe that bitcoin will be the new money but in digital at will rise again the value. Be patient and don't panic.

Bitcoin is definitely not a bubble. It has to small market cap, it is litteraly nothing in the grand scheme of things. It is play money for some derivates and other playgrounds that wall street plays with. It doesnt need to be denominated in btc, it is just physologicaly expensive, because people see a big price on a unit. We could set it in bits and the same people that thought it was expensive, would think that it is not expensive.

it is. Because the block is locked to 1M, and there will be no more transactions. And this result no gain of BTC adoption in future.

This is the best explanation of it all. Similar to the housing crisis in 2008, the prices were overvalued but it didn't mean that real estate was a scam of some kind.

In my opinion,  I don't think btc is a bubble as it had proven globally what it had achieved in the last year of 2017 wherein it almost had reached $20k. Many newcomers believed btc is a bubble since they lack the history about btc and they just happen to conclude without any validation.

A bubble just means that the price is inflated but it doesn't mean that it's a scam or anything. The price might go up or down but that doesn't necessarily mean it's a bubble.

I believe the bitcoin is really the bubble and the bitcoin bubble is breaking, you can see that the bitcoin price has been dropping sharply over the past few years and from $ 20,000 bitcoin has dropped to $ 6,000 at the present time. The bitcoin price has dropped by more than 70% of its value. So, I think you should not continue to invest in bitcoin.

Bitcoin is never a bubble. Please i wished you could first get to know and understand the crypto market and trade. Bitcoin is a digital currency similar to physical fiat, but with bitcoin, it comes with a decentralized ecosystem..

I have heard this argument so many times before that even the famous Bill Gates and Warren Buffett saying that it was a bubble but for me that until the day will come that it will burst or the value become $0 then that will be the time i would say Bitcoin is truly a bubble that burst but for now it is very impossible to happen. So better let them wait and see.

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Actually BTC is a currency like gold. Used as a store of value, method of exchange and the satoshi used as price valuation for other coins and tokens. BTC is not a bubble for sure.

Bitcoin is still alive and developing very strongly. Now, if you want to stop bitcoin transactions, you almost have to crash your social networking wifi network ... so the chance of bitcoin die is very low. bitcoin is not a bubble

Periodically starts such threads about the bubble,about the end of the era of bitcoin, etc. Market of course,is now in a very unusual condition,and it scares everyone.But you need to understand that bitcoin is a completely new progressive phenomenon in the financial world and it simply can not burst..

if bitcoin is a bubble, it should have erupted today. How come? the price of btc which reached $ 20k at the end of 2017, suddenly fell to $ 7k today. how can such a situation still survive in the market and not be lost and trading volume? because bitcoin is volatile, and it's still possible to go up again, and it's still very big.

Bitcoin is not a bubble so please stop spreading such false informations about it. The spread of such untrue information only brings the value of bitcoin down.

Bitcoin have bubbles, they comes and goes periodically. Altought behind that you have real revolutionary technology.
So it doesnt matter if there is bubble sometimes, bitcoin itself is revolution and there will be always price on that, what price? it depends, but i doubt it will fall in price in next 20 years (in big period of time of course)

Bitcoin is probably not a bubble, it's really valuable to everyone, it's electronic money and maybe in the future people will use it as a currency.

Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority. It’s sole purpose is to become a new payment system on its own.

When are people in this community come to the realization that bitcoin is here to stay and so are cryptocurrencies. if bitcoin was a bubble it would not have survived up to this time for so many people to invest into it and earn. Please get your facts about bitcoin right and stop believing in the FUD being spread around.

Bubbles simply because they don't realize the true value of bitcoin.
The thunderbolt network addresses bitcoin's current flaws, and then bitcoin will become an international currency.

Bitcoin is defined by mathematics, only a certain number, distributed in a certain way .. and it is pure, no individual or company controls it, it only grows and to me, it is a natural and natural existence that is more important than all human intervention

Many say that bitcoin is a bubble, but I don't think because what happens with bitcoin is a natural thing because it is based on naturally occurring needs and the stock.

Bitcoin is defined by mathematics, only a certain number, distributed in a certain way .. and it is pure, no individual or company controls it, it only grows and to me, it is a natural and natural existence that is more important than all human intervention. It's not a bubble

bitcoin is crypto or it can also be called a digital currency that can make money by following signatures or prizes and sometimes it can be said to fail and it depends on the signature we will choose.

Yes, bitcoin is a bubble! The bubble burst ;D

Why can you say bitcoin is bubbly? If bitcoin is a bubble I do not think there will be many investors investing in the ball but in fact the bitcoin is the digital currency that is present to us with the economy and the new investment trend of investing.

When Bitcoin has not determined the true value plus the profit margin is too large, the market size is still very small, if there are bubbles, then these are the right time to join, as soon as possible, before it. broken

Yes, bitcoin is natural, but if you think bitcoin does not have human intervention, then the price of bitcoin can reach $ 20,000 as of the end of 2017.

People for a long time called bitcoin bubble, called even in 2013, when it cost 35 dollars. After all, this is an unexplored territory. We still do not know how to evaluate this currency and what will happen to it later.

I have been investing for several years, and was engaged in land investment and the Internet. And I'll tell you, my friend, you have to be patient. if you get upset about every little thing, you will have a gray head by the age of 30 or a nervous tick by the age of 40. Relax and think before your every action on the market, don't panic. And about the bubble, no bitcoin is a bubble, unlike Ethereum....

But bubble is not the thing that has its own ups and downs like bitcoin, for me it is just like on normal market that we know from every day use, price could go up and down, the same like bitcoin.

We can discuss about that Bitcoin is bubble or not. When we re talking about it, some people already make a big profit.

The world "Bubble" repeated millions times over the recent years some believe , some deny . so waiting here is nothing . actually what happening now is handing over from old investors  to new ones .
lets them talk and do your work .

That's right, but in my opinion bitcoin prices will fall in the next 20 years is very difficult, I think it will return sooner, but to reach the $ 20,000 as the end of 2017 is very difficult, maybe 20 years to it will not be achieved.

Please stop calling it a bubble, bubble needs to burst and worth really low, bitcoin has never been this high aside from month of December. There was an insane raise in price in December to $20k but if you remove December from the equation the price has never been this good in history so we are actually doing very well.

Just because there was a great 1 week period doesn't change a 10 year history of bitcoin. I think in order for bitcoin to be bubble we would need a lot more investors and we need the bubble to last more than just a week, if $20k or so lasted like months or even years and it was incredibly overpriced for long time than just one day crashed and stayed there, than we could call bubble, just one week of $20k and back to amazing prices doesn't make it bubble.

I don't think bitcoin is a bubble, if it is then it would have popped already.  The volatility of the market makes it incredibly unpredictable, but today’s prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.

Well I don't know about you, but I'd certainly call a drop from 19k to 6k a pop. A bubble popping doesn't necessarily mean that it is gone, poof, zero. A bubble can pop and then regain value after some time. The tech bubble of 2001 popped and lost an immense amount of value, but look, the NASDAQ is still alive and well. It may not have the same valuations as it did back then, but it's still being traded.

Bitcoin will behave in the same way unless something new and amazing happens. It'll move in slow but steady movements, not in giant leaps like last year.

It's either they don't understand how bitcoin works or they are insisting it despite the knowledge about crypto because they have some agenda to make not  surprised as the day I learn about crypto up until now they still call it bubble you can also witness tons of post, spam, and fuds saying it is bubble, dead and a fake currency but the opposite always happen to bitcoin they are just riding the flow of the market.

Obviously, bitcoins is bubble because the market price will drop immediately after the price of cryptocurrencies skyrocket in the market so obviously, bitcoin is a bubble.

Even today they still call it as a bubble every time when Bitcoin started to decline the market price and drop so big. They just compare it to the tulip mania because of the sudden fluctuation of the price of a single tulip before and then later on it's just gone which brings to most investors to get bankrupt when they bought the tulip for a high price.

On those people who bought bitcoit at the higher price who suffering for loses it is always that is why other trading experts telling that "make sure to buy at the low price then sell it at the higher price" this is always basic thing that other people must do so that they can preven't of losing large amount of investment.
Bitcoin today is rising but it doesn't its bubble because if the price increase more than 20% then suddenly drop we can say that it is bubble.

What new and amazing do you expect to happen? It's clear that the market cycles throughout Bitcoin's history of 8-9 years haven't changed at all. Based on that it's probably safe to say that we will see far lower than current levels.

BAKKT was probably the best possible good news event for this market, but no one even bothered to react aside from a few people here, but they aren't the ones being able to actually move the market to reflect this development.

Nothing can change the sentiment other than the price to break out of its lower high cycle. Once the price breaks out of this long term bearish downtrend, you'll see the mainstream start becoming bullish again.

Well maybe as you think, but in my opinion bitcoin will go in the direction of slow growth and slowly reach the big numbers, not jump like some other currencies.

Yeah absolutely the number prove they are wrong for  many years bitcoin  price climb into a new hight if it just bubble  how come  it soar this much meaning many patronized it, because they trusted bitcoin more  than gold.

I do not agree with this statement that bitcoin is a bubble. Bitcoin is the most popular coin in the market and when people start investing, they invest in the bitcoin first. For such high demand, price rises up

It is not a bubble. It is just going through a tough times in the market. It is as valuable as fiat, the only difference is that it runs on a decentralized system.

Bitcoin is not a bubble. The price of BTC is inflated but that doesn’t mean that it will be called as a bubble. Many new bees are thinking and believing it as a bubble because they lack of proper knowledge. So at first it should be understood very clearly about the BTC before calling it a bubble.

Not correct. Even if Bitcoin reached $20,000 in 2017, and dropped to $6,375.76 (at the time of writing) it can't be said that Bitcoin is in a bubble. In the year 2000, a tech bubble grew to about $1.7 trillion before it burst. Bitcoin in comparison has a total market cap of $109 billion (https://coinmarketcap.com/), I think it's relatively small for Bitcoin to be in a bubble.

No it is not a bubble. But this coin does have some limitations when it comes to its uses. Like it cannot be used to buy certain things right from the vendors on the streets.

The reason many people think bitcoin is a bubble is because of its sudden boom. J p Morgan CCEO says it’s a bubble because bitcoin is a threat to many financial institutions. Warren buffet says it’s a bubble because he has billions of dollars lying around in a bank. There will always be bad news in the market but the truth is bitcoin is real and it is the future.

No, BTC is not a bubble. Many new bees think and believe that BTC is a bubble as they don’t know the history of the BTC. The price of BTC is inflated but it doesn’t mean to be a scam or anything. The price might go up or down and that doesn’t mean to be a bubble.

No, this is absolutely wrong to call bitcoin a bubble. Price of the BTC inflates but that doesn’t mean to be a bubble. So before saying it a bubble you should know and understand the crypto market and trade before you say BTC a bubble!

Let's take Morgan CCEO's statement for discussion. We must agree financial institutions are in danger due to bitcoin. But, financial institutions and central banks are not working for common people's welfare but sucking hard work for hundred of years. Wealthy people becomes wealthier whereas poor becomes poorer due to these our existing systems of financial institutions and central banks. Bitcoin is definitely an alternate to these systems. Then bitcoin is obvious threat to these systems.

People who call bitcoin is a bubble must have not understood the real concept of bitcoin and why it is here and successful for years. Bitcoin is booming to attract people to adopt it. One day bitcoin may get stable value and people start using it as a momentary system only then these people may stop calling it bubble.

IF IT HAD BEEN A BUBBLE IT WOULD HAVE BURSTED A LONG TIME BACK.ITS SURVIVAL INSPITE OF THE FLUCTUATION SHOWS IT NOT BEING A BUBBLE.IT IS JUST SETTLING IN THE ECONOMY WITH A LOT OFSTRUGGLE.

I believe bitcoin is not a bubble but so many people are talking like this. I think they have not enough knowledge about bitcoins history. In the previous year bitcoin almost reached $20k. In near future bitcoin will reach this amount.

Does everything can be a bubble?

Some people might think that the cryptocurrency bubble has already burst. Bitcoin has lost 70% of its value, other cryptocurrencies have lost 90-95% of their value. Bitcoin is definitely surviving, but it is a pale shadow of its 2017 value, in terms of price.

"Of course, bitcoin may be in a bit of a bubble, and it will go through corrections every now and
then. But anyone who simply ignores bitcoin or any crypto simply because they believe it's in
a bubble should take a longer, harder, and closer look."

"A ""bubble"" can only be determined if something has reached fair market value and there is
average price indicator to measure against. Because the demand for Bitcoin will increase in
the future then the bubble Bitcoin is in is in fact an inverse bubble.
"

"Bitcoin is not a bubble, if there will be a bubble it will be called ""Cryptocurrency bubble"", not
""Bitcoin bubble"". If a cryptocurrency bubble happens and collapsed Bitcoin will be the leading
candidate of the many cryptos out to survive a collapse.
"

I don't believe that bitcoin is a bubble. The nature of crypto market is that the price will not be the same always, it will go up and down. But that doesn't mean that bitcoin is a bubble. Bitcoin is still on top of the market for a long time. Currently, bitcoin has 50% dominance in the market. So, it is definitely not a bubble.

Bitcoin is not a bubble. It is the future. Bitcoin is going to be a future currency which will be accepted by everyone. We just need to wait for its price to increase. We need to hope and trust the crypto market.

No, I don't think it is a bubble. Yes, it was a bubble before, but not now. It has passed many bad situations and survived. So, it is not a bubble to me.

BTC not a bubble but there are still hope that it will be increase again and it will be take long time.

BTC still not destroyed but it's not easy task for BTC to recover from their current situation. If the will be stable in future they should be good but there will be some disadvantage too.

Yes you are right, I agree with your opinion.
I think all coins are based on dollars and other currencies. So it's impossible for Bitcoin to get rid of the dollar or euro. Because buying bitcoin also uses dollars. Without dollars, they cannot buy coins.

In previous few years the situations have become totally changed. May be in previous time it was too easy to manipulate the bitcoin price, but now as time passed because of the increasing number of investors it has become too much difficult to manipulate the bitcoin price.

Yes I also think that bitcoin is not a bubble, currently bitcoin price is totally depending on the increasing interest of the investors, if they will continue taking interest in bitcoin it will surely I cause the bitcoin price to increase.

How can it be a bubble when we have limited supply of bitcoin. Those bubble's in history doesn't have the luxury. Supply is not limited in case of the tulip mania, everyone can have its own tulips in their backyard. As opposed to bitcoins which has a limited supply of 21 millions only and everyone wanted to get at least 1 BTC in their lifetime. And even if it burst, sooner or later it will continue to bounce back and recovery.

How many times we're going to discuss this bitcoin bubble topic. If they are thinking that its a bubble, let them be and tell them that it already popped. Why would they want to say good things on the currency that is going to be a tough competitor for their depositors and investors. Real estate is a bubble and almost everything that gives people potential profit is being called as a bubble.

I agree with you that every bubble should burst easily that if Bitcoin is a bubble then 1 year is long enough to make that burst to happen but Bitcoin still exist and its become more popular everyday, in fact more nations now are using it as currency like Germany and Japan so i think Bitcoin will burst is a myth.

Bitcoin is really not a bubble, just because the recent drops people easily says that its a bubble not knowing the previous trend of this bitcoin. This market drop for many times in the past years and yet we see a great bounce back of bitcoin. Now we are dump again but later on you will see a big spike on the price again.

To me, everything could be a bubble.. Its because any tradable things may react to market speculation.

All you mentioned are true but it will take long time. In the long run bitcoin will take over the market and all other currencies will disappear from the market. People will use only bitcoin as their regular currency even in their local markets. But today there are no such signs for growth and acceptance of bitcoin throughout the world. One country bans and other accepts.

Many people especially those that are bearish on bitcoin has said this several time but I did not believe bitcoin is a bubble. I do believe that bitcoin is the future of money and the money of the internet and the early we adopt this fact the better for us. Cryptocurrencies has come here to stay and those that understand this will make money from it in future.

This was a very long story to tackle of and that bubble was still none proven. The volatile market is one of the main cause why people and other group of financial analyst always tell us this bad omens of crypto.

Bitcoin is a volatile currency. like it nature it price fluctuate time to time. So it is not a big deal. But Bitcoin price constantly decrease in resent some times and because of this many investors and economist predict that it is biggest bubble of the year. According to them bitcoin price is increase instantaneously like bubble and sudden decrease like a bubble burst. But i don't think so that it is a bubble. It is accepted by many multimillion companies and because of this its price will increase in near future.

The price of bitcoin is indeed very volatile and it makes bitcoin does not have value stability, bitcoin can rise high and at any time can fall free. I think bitcoin is not a bubble, only bitcoin prices are not stable.

I think we should keep in mind that bitcoin is far beyond the speculative instrument in which the market has converted it, because it is really a technological solution to many of the problems of today's society that would be equally valuable even if its market price was a dollar or a million. Personally, I think that its price was strongly altered by the speculative wave of 2017, for which I have no doubt that this bubble ended up bursting since a volatility of such magnitude was absolutely untenable, and I even believe that there is still room for a greater correction towards the $3,000 line.

rightly said, there will always be people who will say that this market is a bubble and they do not change their opinions, so it's not worth the effort.