Bitcoin Forum

News media loves referring to bitcoin as a bubble but if you analyse the data it really doesn't make that much sense.

There are always adjustments in exchange rate markets market when it gets over heated.

https://i.imgur.com/G0y4mew.png

Yeah - this is the image that everyone has been looking at recently. But lets put it in perspective. How about reversing the data.

https://i.imgur.com/f6ygmqD.png

Ouch ! That US$ bubble really popped !

A lot of bitcoin and crypto commerce is still developing. So much in its infancy.

Lets put it into a scale perspective:

https://i.imgur.com/B1Rrm7W.jpg


Lets look at some other currencies and how they behave:

https://i.imgur.com/9iD1Olr.png

https://i.imgur.com/7BOvndf.png

https://i.imgur.com/ICJTTU5.png

https://i.imgur.com/xBssLqu.png

https://i.imgur.com/B5SOLhu.png

https://i.imgur.com/WJS8co1.png

https://i.imgur.com/3Ci7Ch6.png


I know which one I rather own.


https://cointelegraph.com/news/blockshow-announces-blockshow-americas-2018-conference-in-las-vegas-august-20-21
https://www.forbes.com/sites/johnkoetsier/2017/11/07/tim-draper-on-bitcoin-in-5-years-if-you-use-fiat-currency-they-will-laugh-at-you/#108be920576b
https://hackernoon.com/popping-the-bubble-blockchain-and-cryptocurrency-7130156f91b2
https://elementus.io/blog/bitcoin-bubble/

https://i.imgur.com/snmJtSa.jpg
Maybe it is a bubble. 🤣

ITs only a 200 billion marketcap for the entire marketcap of crypto, that is nothing.  Look at how much usd there is alone, its over 10 trillion.  Crypto will continue to grow while fiat money loses value.

While i look into your posted picture it seems like bitcoin is one of the strongest currency in terms of value.
Bitcoin is not a bubble because bitcoin is uncontrollable and unpredictable, If it was bubble than why would not bitcoin value wemt to one digit value since 4 years  it seems it is growing and will grown in future.

I never suggest to listen to a mass media, because they are totally controlled by the government (at least in my country) so they will never tell you the truth, only that opinion that is under their agenda.

I do not think btc is a balloon. dollar and other currencies are actually numbers. the only differences are the versions printed on paper. that's all.

There comes news relative to bitcoin terming it to be a bubble, an crash, bitcoin is towards death and so on. There is nothing to give consideration, if it is a bubble it could have busted. Till date every time something happens weird in the market automatically the recovery happens with time.

Those who call bitcoin a bubble don't care about such analysis and the advantages that bitcoin have. They don't know how bitcoin can change the payment systems.

Right now I think bitcoin is the opposite of a bubble, it is very undervalued in terms of what it will bring to the global financial system. As it stands right now, the total marketcap of crypto is only 210 billion, that is extremely small in terms of global monetary supply.  If bitcoin just manages to capture 10 percent of the monetary system the eventual marketcap will be in the trillions.

Though many experts and economist  were saying that btc is a bubble since it had lost it's market value more than one half of the price since Dec. of 2017, I still don't care to believe in it since I think btc will recover back from it's dip. We already know that btc has not been recognized by the central bank and not even adopted by many governments globally however, btc had permitted people to by pass banks and traditional method of payments like paying the goods and services. Payment system of btc is much faster than any of the traditional banking system because of the blockchain technology and the newly developed lightning network to make more transactions even faster than before.

bitcoin is not a bubble, and it has never been and in the future it will never be a bubble and the first picture posted in OP is 100% correct..... but.... bitcoin enters bubble phases. for instance we have already seen at least half a dozen huge bubbles in the past 9 years. that doesn't mean bitcoin is a bubble! it just means we temporarily went higher than what the price should have been and it needed to come down.

two of the bubbles that everyone knows about is the $20k @2017 and $10k @2013, but there is also $250 @2013, $16 @2012,...

and also another type of bubble that people miss and is never mentioned is inverse bubbles for example right now $6000 @2018 is one of the inverse bubbles. another example was $220 @2015
these are when price goes a lot lower than it should have.

Yes, but why then bitcoin after a sharp price spike in December last year for so long was in a state of correction and still keeps the entire crypto-currency market stagnant? What was wrong with him?
We do not yet have practice what to call a bubble in the crypto currency, and what not. In particular, we can not yet say what behavior of the crypto currency is normal for it, and what goes beyond the limits of the norm.

bitcoin is not like a buble that would disappear in an instant.  I say,  bitcoin has continued to make a name for itself.  Being able to work and achieve something and having a name in the crypto currency world.  Bitcoin is just experiencing a phase and will not easily be gone.

I consider these charts highly misleading!
just because you reversed a chart and it showed drop of US dollar value it doesn't mean the other thing (in this case bitcoin) is not bubble. bitcoin is not a bubble because the current value is not higher than its intrinsic value, not only that but also it is lower than it which means it is underpriced!

otherwise you can draw the same chart for anything else, including shitcoins that are pumped, and then make the same false conclusion that they are not in bubbles either.

Is it a bubble ?


- https://www.bbc.co.uk/news/business-45262911

...

The Everything Bubble ...

The Internet of Money: Five Years Later
- https://youtu.be/6xIq0FdmsIA?t=3m56s

and

The proudhon song (bitcoin is a bubble)
- https://youtu.be/A7TuFy0fcuw

That's very true. The media is generally influenced much by the governments even though they are hypothetically supposed to be free and independent. They say what they're told what to say and they also fear to called by the government to answer certain questions and that influence them a lot.

I don't think bitcoin is a bubble, the problem with bitcoin is that many see it more of an asset than a digital currency. Thus most sell to earn fiat currency other than using it for business transaction.

This is true, if bitcoin really is just something that will bust why would it happened now where more and more people are using it. And also it is normal in the maket that there is an ups and downs going on in the price or the value of it. Bitcoin is a strong currency that is just starting and soon will satisfies everyone. We just need to wait.

Media is controlled by the government, and goverment don’t always tell the truth. So in this case I reckon it is more of a made up story just to confuse people.

this "media" you are talking about in case of bitcoin is mostly cryptocurrency news sites that only publish click bait articles so that they can earn more money as more people click on their "traps".
additionally they are usually pretty biased. for example when the owner of the site is shorting he will only publish negative news. and sometimes they can even be paid to publish anything you like for example the ICO advertisements, altcoin advertisements and show them as good.

I agree that the intrinsic value is there as well but that can be relative. For instance when the price  of bitcoin drops below a certain level some miners will turn their miners off and that will lower the difficult - causing lower mining costs.

The chart showing it is in its infancy stage in comparison to the dotcom boom shows it is only getting started ( and underpriced ).

Perhaps I should have said :"Is bitcoin really a bubble ready to pop ?"

Bitcoin is not a bubble and in the future it will never be a bubble,bitcoin is one of the strongest currency in terms of value,bitcoin has continue to grow and in future it will be grow more

It is a bubble! And it is not bad, all assets going through the various bubbles (mini, standard, mega etc). Just open your eyes and look from another perspective

Gave you a merit for a good analysis, if Bitcoin is a bubble then it should have burst long ago, but we still a lot of good updates until now, the recent  one is the coming ETF approval, hopefully, they will approve so this fuds will stop once and for all and we can move further.

in that case the bubble has already popped or have you missed the 8 months bear market and the 70% drop of bitcoin price?

Many sources are still confusing about this bitcoin prediction, why is that? because there is nothing certain in the fundamental terms of how bitcoin has a big effect, this is truly unique to me.

Almost of 10 years existence of bitcoins, I wonder why people still think bitcoins is a bubble. Bitcoins like any other financial asset can go up and come down and bitcoins staying longer in the bearish market dont mean it is bubble.

logically the more days, the more people use, so i think there will be no bubble, we know that developed countries like Japan have legalized it, so if i get support from developed countries, i think it will have a bright future

\ no bitcoin is not a bubble and you do not need to inspire it because of this you lose the opportunity to get your potential profit

To be honest, it will be useless to make the people believe in the fact that bitcoin is not a bubble. That is because they do not know that the level of contribution it has on the payment system.

Everyone including economists etc. have different thoughts regarding if it is bubble or not, so one still may not believe in your analysis. Even if it is a bubble there is opportunity for those who saying it is bubble.

If Bitcoin was a bubble, he would not have kept his solid promise for such a long time. And so he stubbornly holds, even against last year's price 2.5k today he has fallen from 20k to 7k. No bubble is capable of this.

I agree. I think that Bitcoin is not a bubble because, if it is, it should have popped a long time ago, and it should have seized to exist by now. I think that it has risen to a point where it can bring a lot of big returns, especially during the times when it is surging. However, it comes with patience before that is possible because, at the current status of the market, it is just so difficult to get those returns people get before, and so, if you are a true investor and believer, then you just have to be patient and plan ahead.

If your concept is unclear with BTC and you do not know the level of contribution it has implemented on the market, then no matter what we do to make to make that person see that it is not a bubble, he will not come in terms with us; until the realization hits it on his own.

I personally don't like to listen to negative news about Bitcoin, and I hope Bitcoin investors also never listen to mass media that always preach negative about Bitcoin, because they are fully controlled by the government so they will never tell the truth.

I don't think bitcoin is a bubble even though many media that say bitcoin is a bubble, but I don't believe that is true. Bitcoin is not stable, but in reality bitcoin can survive to this day, and so many people believe in bitcoin, and that can be proof that bitcoin is not a bubble.

Bitcoin can not be a bubble because the users of it is huge and day by day the number is increasing and this amount of people can't be wrong.

The truth is that no one knows for sure, if you look at how some markets have developed in the past you would think that they were bubbles but they were not, it was just that people began to adopt this new technology at an amazing rate, so even if sometimes bitcoin looks like a bubble that doesn't mean that it actually is one.

We are only going to find that out in the next decades. however it's obvious that since I'm here that I really think that even if the price of bitcoin may bubble once in a while that doesn't mean that the whole ecosystem is a bubble, bitcoin is really useful and it is going to show that usefulness when a confidence crisis in fiat strike us.

Stop listening to what the media or its experts says. They are likely to be the holders of Bitcoin who just want you out of this market just to make a huge profit for themselves. That is why it is best to do your own research and understand whether it is an bubble or not.

Screw the media.  Turn it off.  All they are attempting to do is manipulate you.  Bitcoin if anything is in a huge slump.  How can you be in a bubble when your off your highs like this?  Saying it's a bubble doesn't even make sense at this point. 

Bitcoin is a bubble, the price of BTC can change with a fairly large percentage with a very short period of time. This is what makes many people begin to be interested in bitcoin, and intends to take advantage of this rapid price change.
And I think all the currencies in this world are bubbles

Bitcoin is not a bubble and the prove of it is the users and also its system. It is a blockchain based system which is most reliable then i have ever seen.

The term 'bubble' is used for indicating speculations regarding a topic or issue. If we consider the recent speculations regarding Bitcoin market, it proved to be quite a big bubble sometimes. But, lets get back to reality, the share market and fiat currencies can also be considered as bubble according to the theory. So, what you believe should be prioritized upon, not what the media wants you to believe.

To be fair, it shouldn't be a bubble but people have made it become a bubble. Why? People who buy bitcoin are simply betting that the price will go up. They don't really care about the intrinsic values that Bitcoin can bring though Bitcoin does have that values. That made the price shoot up like a mad last year and this year dipped in the red with rare moments of rising.

Bitcoin itself does have intrinsic values and we can't call an asset that has intrinsic values a bubble. But in fact, it's sad that investors, buyers who put money into Bitcoin, don't know well about Bitcoin and don't care what its values is and just want to make a profit when the price goes up. That's really troubling. When investors don't focus on the inherent benefits of what they are investing, it's really dangerous, and this situation is happening to Bitcoin and renders it a bubbles.

Bitcoin is relatively liquid, easier to liquidate, the more people are recognized and supported, the more liquid and popular, the more confirmed value. There are many mistakes made by many: It is said that the more people support them, the more people will increase, this will basically be true in the early stages until the BTC sees its real value, like gold. , the world is now recognized but prices can not rise. This is the next bubble created by global finance. On a global scale, the market capitalization of the new currency is 180 billion dollars, the highest trading volume is 9.8 billion dollars, is very modest and small. This small to see the ball never big to burst, it must be tight enough, large enough to happen. Some people say the Bitcoin market is too big to make a price, I think they have never seen Vol transactions in the market, the highest point is only a few hundred million dollars / 24h.

https://i.imgur.com/AQhDz3G.jpg

Close enough.  ;D

Bitcoin is not a bubble or ponzi scheme, lot of people put their faith on it and I don't agree with this analysis at all and this kind of analysis can be made anytime.

I really think that if the price of bitcoin might bubble once in a while that doesn't mean that the entire ecosystem is a bubble, bitcoin is very useful and it will show that usability when a crisis of confidence in fiat attacks us.
We will only find it in the coming decades.

Those charts doesn't mean anything for me, bitcoin market is very sensitive toward both investor sentiment and market sentiments. Real news, FUD, and big investors are always makes bitcoin price move quickly. It's not a bubble those factors make it looks like that.

This is probably the best way to show how bitcoin protects you from the inflation caused by printing too much currency, I'm sure that we are all experiencing that especially when we go to the store to buy stuff, every day I notice that something went up a little bit, in fact it has come to the point in which I have changed brands of products because during the last five years some products have doubled its price.

In the other hand we see that bitcoin does the opposite whatever small amount of money that you invested back in the day now is a fortune and if you keep holding that fortune will only get bigger, so sometimes it is difficult to understand why people do not see this and do not adopt bitcoin immediately.

Excellent article with illustrative examples! Thank you! Yes, it really may seem that bitcoin is a soap bubble that will soon burst, but if we draw an analogy with the dollar and other currencies, we'll see a snapshot

I don't think so that bitcoin is a bubble. Its volatile currency so fluctuations in its price is not a big deal for it. And bitcoin is not use only for investment, it is also use for many other things like money transfer. It also use for international money exchange medium. So only because of investment crisis of it you cannot consider bitcoin as a bubble. Many economist consider cryptocurrency is bubble for its volatility. But i don't think so many companies still invest in it and many people also use if foe various applications so this thing also keep its price up in future.

I agree with the above. If the bitcoin was a bubble, it would have already burst in 2017 when capitalization was maximal.

I think btc Was at the stage of bubble when it was 15-20k. It was really overvaluded and on the wave of hype at that moment. For now network and community is much better prepared for the groth but it also must not be so fast and ungrounded

Those who call bitcoin bubble don't understand the analysis and the benefits that can be provided by bitcoin. And also they don't understand how bitcoin can change the payment system for the better.

Media go with the flow. If the market is exuberant, you see mostly good-news headlines. When the market is in dog days, all the pessimists come out of the woodwork and bad-news headlines prevail.

Some prime examples:

Right now, you hear a lot about Bitcoin “not solving any real issues.” The news is also dominated by scary stories about the government’s “power to make crypto disappear.”

The opposite was true when the market was flying high. All the talk was about how Bitcoin and other cryptos (altcoins) were destined to replace fiat money as the world’s reserve currency. And insane predictions of stratospheric Bitcoin prices prevailed.

The fact: News cycles are driven by price, not vice versa.



And i suppose bitcoin is not bubble. Bitcoin has been called bubble for long time, but it is actually not true. If it was a bubble, it would not back to bubbling again because peoples would afraid to buy bitcoin again. But now, bitcoin users and holders is not fewer. Peoples keep buy and sell bitcoin in the market.

You are very right. In our country, Media can't publish news against Government, they continuously spreading much false information. A few months ago, Bitcoin become illegal in our country, some of the newspaper published the useful side of the bitcoin, but after some days, they remove that news from online news website!

We all know bitcoin is not a bubble, it is just a volatile coin. It is volatile because bitcoin is not under any control.

Go to any chart and set it to view it all since 2010. You will see that Bitcoin is going up faster and faster every 2 years. It used to go up much slower in the beginning but now since 2017 it's in a crazy uptrend. It always has a 1 or 2 years of correction and then continues upwards. If an asset doesn't go below its 2 year low ever again it's in an uptrend. Bear and bull markets are nothing but temporary waves in this trend.

I don't believe the bitcoin is bubble since last year they always saying that bitcoin is bubble and it will die but until now they don't have any prof and until now bitcoin is still alive so don't believe those negative thinker and those who don't believe that you can earn in bitcoin. If we search regarding bitcoin specially to those businessman that using bitcoin was not saying this ia bubble.

I think bitcoin is really a bubble of electronic money. Bitcoin is of great value. Bitcoin prices can explode at any time. By 2017 bitcoin prices have risen sharply from $ 2000 to $ 2000. Many people become billionaires when bitcoin prices peak.

I never believe when media or people said bitcoin is a buble. If bitcoin is a buble, bitcoin would not survive more than 3 years like tulip buble or other buble. Bitcoin is true store of value with decentralized system