Bitcoin is forming a bubble and that is an indisputable fact

[freebutcaged]

How the hell did you figure this to be a bubble mate? in Bitcoin you have everything pre-calculated.

And most of the uncertainties are easy to overcome and ignore as plausible theories.

You can predict almost everything, such as the numbers of coins being mined every day/week/month.

You have a limited total supply, you have a decentralized monetary network functioning and depended online.

Changing the protocols is one of the hardest feats for anyone to execute, %95 of miners are not in bed with

Each other to be afraid of a conspiracy. No one is forcing you to use Bitcoin and you shouldn't be completely

Occupied by Bitcoin, you need to focus on other things as well.

[djgtr]

Here we go again on bubble speculation. Putting some graphs which is usually occurs and making some speculation about dumping so that many will panic and sell their coin to prevent pumping. I'm sicked on seeing gameplay like this. :/

Don't be got sick by those speculators because they're hopeless buyers who always create confusions to people's mind showing negative publicity against bitcoin. They are just doing it for themselves just to get cheaper btc price, which is not going to be successful tactics nowadays. People now were more vigilant on trusting those forum talks that had caused to have rumors against bitcoin system economy.

[ktabb]

Here we go again on bubble speculation. Putting some graphs which is usually occurs and making some speculation about dumping so that many will panic and sell their coin to prevent pumping. I'm sicked on seeing gameplay like this. :/

Don't be got sick by those speculators because they're hopeless buyers who always create confusions to people's mind showing negative publicity against bitcoin. They are just doing it for themselves just to get cheaper btc price, which is not going to be successful tactics nowadays. People now were more vigilant on trusting those forum talks that had caused to have rumors against bitcoin system economy.

This is a really bad and poorly thought out comment. You make assumptions based on nothing. I would not buy bitcoin today if the price were 1/10 what it is now because bitcoin itself is extremely volatile and speculative. You claim that I am trying to manipulate investors so that I can get in at a cheaper price, yet this claim is false and based on absolutely nothing.

Furthermore, I am not just speculating or guessing here. Read the post, try to actually understand it. Read my responses to people's rebuttals. The facts strongly support my argument. In fact, it is almost undeniable.

I have absolutely nothing to gain financially from this. I am just being realistic.

[ktabb]

The amount of institutional investors in bitcoin is still extremely small compared to, for example, any of the dow stocks. While the idea of giving away bitcoin to the hands of wall street billionaires may not sound appealing, it is the best way to stabilize the price. When something like 50% of bitcoins are owned by institutional investors, the price will definitely be significantly more stable.

Retail investors will always buy into manias and push assets up and down like crazy. They have weaker hands. Especially bitcoin investors. As long as people are out there trying to use bitcoin to get rich quick, it will remain too volatile to stabilize and grow as a currency.

The question is: do we really need institutional money to flow into bitcoin?
Of course, it would be great, but Bitcoin if just fine as being alternative asset - used mostly by people, not businesses.
Bitcoin is like stock - available for anyone, without need of contacting any middlemen to purchase it.
Price of bitcoin will be more stable over time, more people using BTC = less volatility.

The answer is yes in my opinion. I don't see how else the price will stabilize. The nature of bitcoin investors is not going to change. Bitcoin is in a self-feeding cycle where volatility attracts get-rich-quick investors, and get-rich-quick investors cause volatility. This all makes it less useful as a currency, and therefore it harms bitcoin's intrinsic value.

You say the price of bitcoin will be more stable over time, but why do you say this? It has been volatile over the past 8 years since it was created, and it has not become any less volatile over time. Why would it stabilize now?