Obligatory: Is Bitcoin Cash A Bubble?

[ThunderCatSteve]

I don't know why people panic whenever a coin gains price increase or momentum and call it a bubble as if we didn't hold the coin in expectation if this increase and value. I sincerely don't think BCH is a bubble. It's the failure of bitcoin to fix its transaction backlog and fees that gave rise to bch spike. Many btc lovers switched. And if that failure isn't fixed the increase is likely to continue.

I think many people who are gamers and play such a game that ordinary person do not understand. Bitcoin cash is not good than bitcoin because bitcoin is a good investment and one can make a huge amount of money if he holds his bitcoin and do not sell them without any need. The price is growing and in the near future and it will be out of reach of low income people because of the high price.

[okala]

Bitcoin Cash is not a bubble. The force of demand and supplied is what is influenced it price. The developers are doing good job and that is why many traders and investors are patronise it.  I think bitcoin Cash will hit it all time high before end of this week. I have been following it price action since August and I think this coin is good and investing in it is the right thing to do now.

[Sanu Simon]

When growth takes place at some unexpected time period people term it to be a bubble. Same took place with bitcoin too. Few weeks back when the price of bitcoin suddenly went low to $6000, it is expected to crash and when the same suddenly grew people ended stating it a bubble.

[Bigmacduck]

On an economical point of view Bitcoin Cash is a bubble and so as Bitcoin, a bubble is defined to being an overpriced asset in which it is far away from its real value. The problem with Bitcoin or BCH in this matter is that we don't really know what is the real fair market value for it as we are the only once who are determining the price of Bitcoin. The price of them is so played out that their is no stable price for them. That is why not all people are buying Bitcoin because it is hard to set a foot on.

I agree. It is hard to determine a fair market value. At this point with rather limited use of crypto, one can only estimate the fair value of banks and other financial institutions that crypto can destroy. Think about the market cap of banks today and the future marketcap of the same banks if bitcoin or any other group of cryptos take over 10% of the global financial transactions and store of wealth.

This to be destroyed financial services market cap might be the base for the valuation of crypto.

[lordquanta]

Honestly I hated forks. I think making alts are very unhealthy. It is for a good purpose but I think the creation of different coins can lead to more crime other than the saturation it causes.
Another thing is that, I think after the big FUD about the dump of BTC many will hate Bcash more.
So, still there is more to wait on Bcash update. If it will be existing still or not.

Irrespective of whether it is bubble or not, many investors don't bother about the underline coin. As happens with many successful thing bitcoin has cult following now. People who thinks invest only in bitcoin. Sure, bitcoin has proved itself from time to time that it is numero uno when it comes to the returning great profit on investments. However nowadays that many people find investing in bitcoin as missed train Or sour grapes. For someone who don't have enough decent money to invest in bitcoin, other alternative currencies are the only option.
Coming back to the bitcoin cash, recent pump in the price was observed as efforts from the korean market. you could find the details from googling it as well. Recently out of sudden bitcoin gold is also finding more interested buyer or investors. Why these are still affordables. Ethereum and bitcoin cash were almost at same rate few weeks ago. And they were there like months. Suddenly bitcoin cash went from 300 dollars club to 100 dollar to 1600 dollars club. Bitcoin gold is also following same but that boat lacks wind at this moment.

  Point here is are you devotee of bitcoin or are you here in cryptoworld for making profit? If you are here for profit then seize any opportunities when it is there. For devotees, they will stay with bitcoin  and that will cause no harm to them. Its individuals choice. If someone sees more confidence in bitcoin getting stronger will invest in bitcoin.

[BaraxLo]

On an economical point of view Bitcoin Cash is a bubble and so as Bitcoin, a bubble is defined to being an overpriced asset in which it is far away from its real value. The problem with Bitcoin or BCH in this matter is that we don't really know what is the real fair market value for it as we are the only once who are determining the price of Bitcoin. The price of them is so played out that their is no stable price for them. That is why not all people are buying Bitcoin because it is hard to set a foot on.

I agree. It is hard to determine a fair market value. At this point with rather limited use of crypto, one can only estimate the fair value of banks and other financial institutions that crypto can destroy. Think about the market cap of banks today and the future marketcap of the same banks if bitcoin or any other group of cryptos take over 10% of the global financial transactions and store of wealth.

This to be destroyed financial services market cap might be the base for the valuation of crypto.

This is going to happen very soon. Crypto currencies are going to take over the world and the banks will definitely demolish away.

Well there is a chance that banks will start accepting Bitcoin and altcoins which is already happened in few parts of the world and that way I think everything will remain the same and we will just have money in digital form. Anyways one thing is certain that Bitcoin is not bubble and it is not going to die.

[Mallyx]

Bitcoin Cash is not a bubble. The force of demand and supplied is what is influenced it price. The developers are doing good job and that is why many traders and investors are patronise it.  I think bitcoin Cash will hit it all time high before end of this week. I have been following it price action since August and I think this coin is good and investing in it is the right thing to do now.

Sorry, but Roger placing a 10k BTC buy wall is only the reflection of an artificial price.

[mOgliE]

The question here implies first to define what a "bubble" is.

I assume, when we are talking about economic bubble, we are talking about things (banking products, buildings, tulips, etc) that are becoming more and more valuable, until a breaking point. At this moment, the price given to such things is not anymore in lne with its actual value. Thus, a problem appears in the relationship demand/offer.

However, with classic economic bubbles, the things are tangible. It is actually possible to take them back. The value given is determined by real actors.

For the bitcoin, though, there is an inherent value that is determined by a line of code. So can it burst?

I truly don't know the answer to such question!

[gabmen]

Bitcoin Cash is not a bubble. The force of demand and supplied is what is influenced it price. The developers are doing good job and that is why many traders and investors are patronise it.  I think bitcoin Cash will hit it all time high before end of this week. I have been following it price action since August and I think this coin is good and investing in it is the right thing to do now.

Sorry, but Roger placing a 10k BTC buy wall is only the reflection of an artificial price.

Lol. The bubble already popped and it started a very strong btc run up to yesterday. Roger ver may very well be keeping all his btcs and issued a statement about bch so bitcoin may dip and he can add more to his crazy amount of btc already

[richmcrich]

On an economical point of view Bitcoin Cash is a bubble and so as Bitcoin, a bubble is defined to being an overpriced asset in which it is far away from its real value. The problem with Bitcoin or BCH in this matter is that we don't really know what is the real fair market value for it as we are the only once who are determining the price of Bitcoin. The price of them is so played out that their is no stable price for them. That is why not all people are buying Bitcoin because it is hard to set a foot on.

I agree. It is hard to determine a fair market value. At this point with rather limited use of crypto, one can only estimate the fair value of banks and other financial institutions that crypto can destroy. Think about the market cap of banks today and the future marketcap of the same banks if bitcoin or any other group of cryptos take over 10% of the global financial transactions and store of wealth.

This to be destroyed financial services market cap might be the base for the valuation of crypto.

This is going to happen very soon. Crypto currencies are going to take over the world and the banks will definitely demolish away.

Well there is a chance that banks will start accepting Bitcoin and altcoins which is already happened in few parts of the world and that way I think everything will remain the same and we will just have money in digital form. Anyways one thing is certain that Bitcoin is not bubble and it is not going to die.

Hmmm, seems like you need someone to wake you from your dream. Man, this is a digital asset we are into, not a Currency or something that was made destroy banks and act as a replacement. Bitcoin was made to show the world a different side of investment, which I believe most people accept by.

By the way, Bitcoin Cash or not, I believe it is the same thing with bitcoin. They can all be a bubble, by the way, that’s how they act. You don’t expect a bubble to permanent, it must surely bust at one time.

[cluend]

BCH is real altcoin and have good support team and best altcoins for bitcoin.

price will make BCH keep it is first place and make it away to be bubble

[adam1230]

Some people are planning some huge thinks about bitcoin cash. So there will be some more speculations on bitcoin price and will be a very valotile cause of authority inside bitcoin cash network.
They will suddenly start to sell or start to buy with their big .ssses 

[Mark Promo]

I agree that bitcoin is not backed by material values. but I do not see this as a big problem. There are many assets that are not backed by gold or the economy of the whole country.

[Lieldoryn]

I agree that bitcoin is not backed by material values. but I do not see this as a big problem. There are many assets that are not backed by gold or the economy of the whole country.

Who said that bitcoin is not backed by material values? Along with bitcoin is increasing in the stock price of companies that produce computer components. This is the material reinforcement of bitcoin. Those who buy goods with bitcoins, they also stimulate production. Capitalization of bitcoin has a complex structure, but the bulk of capital invested in bitcoin is speculative.

[cryptojac17]

Some people are planning some huge thinks about bitcoin cash. So there will be some more speculations on bitcoin price and will be a very valotile cause of authority inside bitcoin cash network.
They will suddenly start to sell or start to buy with their big .ssses 

Because of the name itself many would think this is interrelated to Bitcoin, because of bitcoin reputation,it suddenly pump the value, people would speculate that it has the same team working BTC were able make BTC price sky rocketing, because investors will always look for foundation and the team working in a certain ICO, if you bring the name of Bitcoin in a campaign or any form of advertisement it would certainly catch the attention of the investors.

[pridequail]

To be clear, bitcoin is far from the bubble you are referring to. Bitcoin cash  will certainly gain its growth anytime soon and many are actually waiting what's going to happen next.

[jaysabi]

it is a giant bubble, of course, that bubble is even much more bigger than bitcoin. bitcoin cash went up by more than 150% in a few hours, it was obviously going to crash at anytime.
And now it is below $800 each bitcoin cash, they dropped a lot if you see the charts, it touched $2800 as an all time high, it was a lot of money. Poor of those people who bought those scammycash at $2800, they are now in a huge loss of more than two thousand dollars, lmao.
I bought some of them but i sold them and made some profit from them.

This may seem harsh but I’m not sorry for them, all of those that bought at that price were speculators trying to make a quick profit, they knew very well it was a bubble, they were just caught at the wrong time holding the wrong coin and they deserve every single loss they got, they have no one else to blame but themselves, if they play it safe they will not have those huge losses.

The fact that bitcoin cash was bubble, it was clear from the beginning. Those who bought this coin and have lost their money and killed by greed. I feel sorry for them. On the other hand now they will be more resilient to such events and perhaps in the future will not lose their money. Maybe you lost $ 2000 but saved $ 5,000 in the future.

Bitcoin Cash has spent more time going up than down, just like Bitcoin, so while there may be people who are currently down on their investment, there are probably many more who are up on it. In this, it is no different than Bitcoin. There's a tendency for people to take wide, sweeping generalizations based on a particular moment in time. That's not wise for any number of obvious reasons, but it is even more of an obvious folly in crypto, where things tend to move in a much more volatile fashion. Any momentary generalization can quickly be outdated and proven wrong, like the person up in this thread saying that people who bought in at $800 have lost money and probably learned their lesson. Well, if they held, they're sitting on a clean double from that point, so perhaps the only lesson to be learned is patience.