Bitcoin Is Meant To Bubble!

[iamTom123]

I am already so tired of different comments and news of comments that Bitcoin is really a bubble. We have witnessed a barrage of CEOs telling us that Bitcoin is a big bubble that can be liken to that famous tulip bulb mania somewhere in Europe in the 16th century that left many people holding their empty bags.

In my opinion, it should be clear that Bitcoin is meant really to be a bubble. Why? it has something to do with its limited supply. You see, when a central bank feel that there is a tight supply of money in the market they will just release some already printed paper money and then the problem is solved. Not so in Bitcoin and because of its limited supply and high demand, of course, the value will really bubble.

The next question is this: Will it pop? Only history can tell if it would pop big-time. By pop, what i mean is that the value of Bitcoin would wildly crash and nobody will ever want to touch it again. And that is where the rub is because many people right now are just waiting for Bitcoin to have a big dip so they can enter the market. Now, go and compare that to the tulip mania and you can see the big difference.

[Higher Altitude]

Bitcoin (or Blockchain in general) has the potential to change the way we do things in a fundamental way (like the internet did) and at some point even the internet bubble burst. But not without having brought forth huge companies that benefit from it to this day. So I totally agree that it's not like the tulip bubble mania. But it may never reach a million per Bitcoin because people get their heads straight and see it rationally. I for one, would never buy 1 Bitcoin for that much. But everyone is looking to sell it for that price. Time will tell and the free market can truly decide here.

[davis196]

Will it pop?Off course it will pop.The important question is what will happen with all cryptocurrencies after it pops.Will some altcoin like ethereum replace bitcoin?What`s going on with the bitcoin price today.Is this a price correction,or the bubble is about to burst?Perhaps the Segwit2x hard fork will have some impact over the future btc bubble burst.

[HabBear]

Will it pop?Off course it will pop.

Pop implies it'll never come back. Once a bubble pops it's gone forever. You don't believe in Bitcoin?

Will there be down days, weeks, months, or years? Yes.

Will bitcoin cease to exist? No.

It's not a bubble.

[player514]

Will it pop?Off course it will pop.

Pop implies it'll never come back. Once a bubble pops it's gone forever. You don't believe in Bitcoin?

Will there be down days, weeks, months, or years? Yes.

Will bitcoin cease to exist? No.

It's not a bubble.

I guess when it comes to your form of defining a bubble, Bitcoin could be an exclusion. Normally we see one big bubble and then a pop and whatever it is is gone forever (looking back at the 90s dot come rise and fall). However, with bitcoin, there are small bubbles and then they are "popped" but there almost always has been a strong rebound after that stops the coin from continuing to fall. That rebound comes from people who are buying right as the price goes lower to where they want to buy at. Bitcoin is just a bit of an anomaly and doesn't really match up with things we've seen before.

[timerland]

Exactly, it's important to address the fact that bitcoin's supply is completely controlled by the actual code that is governing the entire thing and can't just be planted or whatever like tulips. That is the main difference between the tulip bubble and bitcoin.

Also, bitcoin actually has a usage. It'll never crash to even close to zero, even back in 2013.

The main thing to take away is, the scarcity of bitcoin makes it intrinsically valuable. And when demand grows, where else would you expect the price to go?

[DaMut]

Bitcoin is not a bubble because it has its own usability.
for me it's a discovery and we will need this for future absolutely,with the technology everything will be easy.
and because of that we need something to 'replace' the fiat whenever we want to make the trade across the world.
for example a few years ago when we're using 'barter' as our payment to pay something,
and then replaced by Fiat for doing something or paying our needs.
Bitcoin will be burst if it's the bubble in the beginning,but in my opinion it was not.
so until the end,no matter what if it still has its own use it will never burst let alone burst,even it can not be considered as a bubble.
many people do not understand its use and some of them afraid of it,because it will threat their existences.
no matter what people said about Bitcoin,in my opinion it will remain the sama and will never change.
Bitcoin is a future and i believe it will be .

[Sensill]

so if this bubble can make you gain more than 200$ in short range and have price more than 6,000$ which survive more than 6 years and many markets support it  will be better than cash  

[Kemarit]

Exactly, it's important to address the fact that bitcoin's supply is completely controlled by the actual code that is governing the entire thing and can't just be planted or whatever like tulips. That is the main difference between the tulip bubble and bitcoin.

Also, bitcoin actually has a usage. It'll never crash to even close to zero, even back in 2013.

The main thing to take away is, the scarcity of bitcoin makes it intrinsically valuable. And when demand grows, where else would you expect the price to go?

Correct, how can it be a bubble when you can define its usage. Be it a commodity or store of value of even currency. It has its usage. And once this so called bubble pops, it has still the ability to go put another bubble and then we can call it a bubble again. LOL. Its gonna be a vicious cycle. And then their is the scarcity factor as well, its getting difficult to mine bitcoin as time passes by, making the price go up because of scarcity unlike the tulip mania wherein everyone can plant and sell so they saturate the market easily but not in the case of bitcoin.

[Iranus]

Pop implies it'll never come back. Once a bubble pops it's gone forever. You don't believe in Bitcoin?

That's pretty dumb.  If a bubble pops, you're left with a more stable price in which a lot of BTC owners are actually spending at merchants or doing useful things with their coins.  If there's speculation and not a bubble, then the speculators are actually comfortable HODLing and they're not just emotionally unstable newbies.

Will there be down days, weeks, months, or years? Yes.

Will bitcoin cease to exist? No.

Coming out of a bubble does not make something cease to exist.  You clearly have no idea what a bubble is.

I'd also like to distinguish between BTC being "a bubble" and "in a bubble".  People here are saying "a bubble", but what they really mean is that Bitcoin is "in a bubble" and therefore that BTC does not always have to be in a bubble.

[pitham1]

Exactly, it's important to address the fact that bitcoin's supply is completely controlled by the actual code that is governing the entire thing and can't just be planted or whatever like tulips. That is the main difference between the tulip bubble and bitcoin.

Also, bitcoin actually has a usage. It'll never crash to even close to zero, even back in 2013.

The main thing to take away is, the scarcity of bitcoin makes it intrinsically valuable. And when demand grows, where else would you expect the price to go?

Correct, how can it be a bubble when you can define its usage. Be it a commodity or store of value of even currency. It has its usage. And once this so called bubble pops, it has still the ability to go put another bubble and then we can call it a bubble again. LOL. Its gonna be a vicious cycle. And then their is the scarcity factor as well, its getting difficult to mine bitcoin as time passes by, making the price go up because of scarcity unlike the tulip mania wherein everyone can plant and sell so they saturate the market easily but not in the case of bitcoin.

That is a dumb argument - if it has a usage, it cannot be a bubble? Tulip bulbs had their usage. Dot com companies had their usage. That didn't mean they weren't a bubble and their prices didn't crash.

[1Referee]

Also, bitcoin actually has a usage. It'll never crash to even close to zero, even back in 2013.

That doesn't really matter much. If a bubble pops (i.e the price crashes), it comes back down to more realistic levels. Sure, it may get oversold for a short while, but eventually the market will level out. In no shape or form will it ever result in Bitcoin's market to crash to anything below the $100 level (you even mention close to zero). Bitcoin's speculative aspect will always remain, and for that reason we'll always experience periods where the price is greatly overbought, which some people refer to as being a bubble. Funny thing however is that people have widely different opinions on what a bubble actually is when it comes to how much a market is overbought. It's basically something people will never fully agree on, because everyone has its own definition of what's a bubble and what not.

[dothebeats]

Will it pop?Off course it will pop.

Pop implies it'll never come back. Once a bubble pops it's gone forever. You don't believe in Bitcoin?

2013 says otherwise.

That is purely manipulated and all trades made were staged by our dear ol' Wiilly bot. That, my friend is a bubble no doubt. It popped, back to $200 for a long time and look at where we're at right now. Bitcoin rebounded hard and has since experienced at least a thousand percent gain within the last 3 years. In a purely speculative assets, it would surely rebound in time.

[jekjekman]

Will it pop?Off course it will pop.The important question is what will happen with all cryptocurrencies after it pops.Will some altcoin like ethereum replace bitcoin?What`s going on with the bitcoin price today.Is this a price correction,or the bubble is about to burst?Perhaps the Segwit2x hard fork will have some impact over the future btc bubble burst.

Everything can happens in this world but everything has a reason also so if you really believe that Bitcoin will pop soon then all of the cryptocurrencies is not safe with that popping also. As we can see if Bitcoin's price goes up then the majority prices of Altcoins goes red and when the price of Bitcoin's goes down then the majority prices of Altcoins still goes red so meaning this cryptocurrencies is very dependent on the price of Bitcoin.

When Bitcoin's price goes down many people tend to panic sell and spread humors about the negative side of Bitcoin and when the price of goes up then still many people tend to spread humors that it will pop soon. No matter how good a thing is, people will still say something about it.

[Silberman]

Everything can become a bubble, even comics became a bubble and then it crashed and the same can be said about baseball cards and all kind of toys, bitcoin suffers from this volatile behavior because of its low supply and high demand, but at the same time if there was not a low supply the demand will not be there since no one will be interested in getting bitcoin, so it is almost impossible to avoid bubbles in bitcoin.