Bitcoin is not a bubble

[Somekindabitcoin]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

[hua_hui]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

The price is decided by the balance of supply and demand! When the block halving happens next year, the adoption rate will be high enough as the bitcoin ecosystem is improving. The supply suddenly halves, the price definitely will skyrocket.

[ashour]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

The price is decided by the balance of supply and demand! When the block halving happens next year, the adoption rate will be high enough as the bitcoin ecosystem is improving. The supply suddenly halves, the price definitely will skyrocket.

Or miners will stop mining since there are less coins to mine and the transactions will take more, ergo the miners dump all their coins and the price falls. But it's just speculation for now, 2016 will show how bitcoin will evolve.

[ashour]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

The price is decided by the balance of supply and demand! When the block halving happens next year, the adoption rate will be high enough as the bitcoin ecosystem is improving. The supply suddenly halves, the price definitely will skyrocket.

+1
Halving will be good for Bitcoin because less freshly mined coins will enter the market.
It's also not overvalued, it's actually undervalued now at $200. If only 1% of people in the world owned Bitcoin we'd be at another ATH.

More coins should be bought than sold each day to cause a price increase, and people aren't buying anymore since they can pay with other methods that are familiar with them. Many bought bitcoin just because the price skyrocketed to $1000 per coin and they thought that it would rise again.

[Sithara007]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

I totally disagree. If it was a bubble it should have burst when it was on it's highest peak. Now there is no point for it to burst.

[Q7]

Nothing. Everything is already there if they take some effort to understand what bitcoin is all about. I'm not talking about the technical issues here like for instance confirmation time but overall how can bitcoin function as a payment currency

[alh]

I think one thing that's going to have to change is the vaunted anonymity associated with a Bitcoin wallet address. As it stands today, it's like having a massive number of Post Office boxes, with no names attached. The only information associated with a transaction is the source and destination wallet address. It would be like me putting a $50 bill into an envelope, with only my PO Box as the return address, and sending it to another PO Box. It's got all the benefit of cash in that regard. That's exactly why hardly anybody uses cash except for things they walk away with in person. And they want a receipt to deonstrate they paid, in case they want to return it. I am not aware of any significant side transactions that happen with cash, it's all something else, usually with lots of identity info attached.

While there is huge amounts of work to prevent "counterfeiting", and overspending, there's still a lot of trust required to do anything with Bitcoin. Just look at the use of Escrow, and "trust ratings".

[aso118]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

I totally disagree. If it was a bubble it should have burst when it was on it's highest peak. Now there is no point for it to burst.

Maybe it already burst last year. 
It will take a long time before we see $1000+ bitcoin prices again.

[bornil267645]

As long as the Bitcoin market price remains at a constant level, it will make a positive impression on the investors mind. So I think bitcoin needs to hold a steady price and it will gain more crowd eventually.

[freemind1]

You can tell that they want to regulate Bitcoin, some countries are seeing who can get much money without impediments they have with traditional money. I think it's a matter of time before a government is the first to do something.

[Febo]

A different look at the Bitcoin market:
http://www.finance-guy.net/finblog/bitcoin-not-a-bubble

it's not a very positive opinion, but I agree that something needs to be done to attract the general masses to use Bitcoin.  Something needs to make BTC more attractive than cash for everyday people.

What kind of incentives do you think would work for the people you know?

I know at least one guy that dont agree with you: https://www.youtube.com/watch?v=A7TuFy0fcuw

[Bit_Happy]

For me, the biggest incentive is understanding that governments around the world are getting financed at negative rates, still have deficits and big debts. Add on top of that, their compromise with future pensions that are not included in debt calculations.

Central banks have the biggest balance sheets ever, which it means that in order to increase interest rates they will have to sell more bonds than ever, putting additional pressure on the stability of public finance.

If you can grasp all that, Bitcoin comes as the natural solution.

Yes, a growing number of people use Bitcoin as an alternative to shady fiat paper. Over time, the user-base will keep growing since people will see value in Bitcoin's huge advantages. For me (and a % of others), having the freedom to use an alternative is important.

[dothebeats]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

The price is decided by the balance of supply and demand! When the block halving happens next year, the adoption rate will be high enough as the bitcoin ecosystem is improving. The supply suddenly halves, the price definitely will skyrocket.

+1
Halving will be good for Bitcoin because less freshly mined coins will enter the market.
It's also not overvalued, it's actually undervalued now at $200. If only 1% of people in the world owned Bitcoin we'd be at another ATH.

More coins should be bought than sold each day to cause a price increase, and people aren't buying anymore since they can pay with other methods that are familiar with them. Many bought bitcoin just because the price skyrocketed to $1000 per coin and they thought that it would rise again.

Another reason why people aren't buying coins right now is because of its low price. Let's admit it, not every person in this world is willing to take the risk on buying an asset that has a low assurance of making them money. Not all of the people are risk-takers; most of the people tend to follow a path led by successful figures. Remember what happened during Nov. 2013 ATH? The upward price surge isn't only caused by the bots and China, it is also caused by the hype of making some money in bitcoins.

[1Referee]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

The price is decided by the balance of supply and demand! When the block halving happens next year, the adoption rate will be high enough as the bitcoin ecosystem is improving. The supply suddenly halves, the price definitely will skyrocket.

+1
Halving will be good for Bitcoin because less freshly mined coins will enter the market.
It's also not overvalued, it's actually undervalued now at $200. If only 1% of people in the world owned Bitcoin we'd be at another ATH.

More coins should be bought than sold each day to cause a price increase, and people aren't buying anymore since they can pay with other methods that are familiar with them. Many bought bitcoin just because the price skyrocketed to $1000 per coin and they thought that it would rise again.

Another reason why people aren't buying coins right now is because of its low price. Let's admit it, not every person in this world is willing to take the risk on buying an asset that has a low assurance of making them money. Not all of the people are risk-takers; most of the people tend to follow a path led by successful figures. Remember what happened during Nov. 2013 ATH? The upward price surge isn't only caused by the bots and China, it is also caused by the hype of making some money in bitcoins.

There are plenty of people who start with buying once they see the price is getting up, but the risk there is that you buy in at the wrong moment. (too high)

Which means that there is always risk, buying Bitcoin at the moment of panic is the best option if you want to make good profit.

[Amph]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

The price is decided by the balance of supply and demand! When the block halving happens next year, the adoption rate will be high enough as the bitcoin ecosystem is improving. The supply suddenly halves, the price definitely will skyrocket.

+1
Halving will be good for Bitcoin because less freshly mined coins will enter the market.
It's also not overvalued, it's actually undervalued now at $200. If only 1% of people in the world owned Bitcoin we'd be at another ATH.

More coins should be bought than sold each day to cause a price increase, and people aren't buying anymore since they can pay with other methods that are familiar with them. Many bought bitcoin just because the price skyrocketed to $1000 per coin and they thought that it would rise again.

Another reason why people aren't buying coins right now is because of its low price. Let's admit it, not every person in this world is willing to take the risk on buying an asset that has a low assurance of making them money. Not all of the people are risk-takers; most of the people tend to follow a path led by successful figures. Remember what happened during Nov. 2013 ATH? The upward price surge isn't only caused by the bots and China, it is also caused by the hype of making some money in bitcoins.

actually they should buy it because the price is low, there is no other best moment to buy, the problem is that is still too high for them, they are probably waiting for sub 100

[Snorek]

Author of that article is just ultra pessimistic about Bitcoin. He said that bitcoin is only viewed positively by 'bitcoin community. And the believe that bitcoin technology is disruptive. "The Bitcoin community has remained faithful that this 'disruptive technology' will someday achieve mass adoption."  He wrote that: "Bitcoin seems to have a knack for surviving bad news. It's been associated with criminals." And Fiats are not associates with criminals? Abandon all hope! Bitcoin is lost, for this guy there was no bitcoin incentives he could follow.

[Get-Paid.com]

The difference between Bitcoin and Facebook is that anyone knows who the owner of Facebook is, but no one knows who started the Bitcoin revolution.

Last time I checked, websites like e-gold.com and LibertyReserve.com had anonymous owners behind them and they failed.

The price of Bitcoin has dropped massively whilst the USD has strengthen itself against the Euro and worldwide as well.
Yes, people prefer security.

Does it mean Facebook would have a more robust future ahead whilst Bitcoin would constantly become failure? No one knows.
But my personal guess is that the sooner the Fed will raise rates the worse the value of the Bitcoin is going to be because people would prefer solid money with interest rates on top as a bonus.

[deisik]

A different look at the Bitcoin market:
http://www.finance-guy.net/finblog/bitcoin-not-a-bubble

it's not a very positive opinion, but I agree that something needs to be done to attract the general masses to use Bitcoin.  Something needs to make BTC more attractive than cash for everyday people.

What kind of incentives do you think would work for the people you know?

The biggest problem what I think is that this currency doesn't have any legal backing from any Government department of from any country and that is one of the main problem because of which people are afraid to deal in Bitcoin.

Why do you think governments should provide any special legal backing to bitcoin, and what do you actually mean by this? The best thing for bitcoin that governments could ultimately do is to make it into a legal tender, but I don't think it will happen any time soon, if ever...

[bronan]

Its absolutely not usefull to use bitcoin for most people and shops.
I posted elsewhere a complete list why.

Everyone i know and their friends and family see bitcoin/crypto as a criminal tool and stay far away from it.
There is so much crap and scamming going on in the crypto world that you can not even find positive news if you wanted it.
Believe me i lost a lot of friends because i am in involved with the crypto industry to make a small profit.

And i disagree fully on the old argument that more is payed in dollars crime related ( because you have no clue how much is used ) , lets make one thing clear bitcoin became also a succes because of the silkroad and other drug related tradings which was being done together with mtgox.
I already have dropped a trader who claimed he sold drugs with bitcoins, this person used tormail and other tor related stuff to hide his identity.
Even the accounts he used from a bank turned out to be from a person who died many years ago (identity theft)
This kinda criminals are very hard to get for law enforcement, because they do use puppets who act in their behalve.
Most of them drug addicts who get a score from the guy who hired them, ofcourse not the real criminal who never shows his face.

Second alot of media already stated that the coins are being used by IS like organisations so i think there must be some incidents where proof has been produced.

So how can you convince people its not as tainted.
Another reason is its too slow if i use my bankcard i can pay here and now instant less than a second at most 25 seconds. Everywhere and anywhere.
How you wanna do that with bitcoin ?!?? and i do not even start about to get the bitcoin in the first place.
 

[sdmathis]

Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.

This is tough to agree with considering what's happened to the price of Bitcoin over the past 15 or 16 months. It may have been a bubble then, but that bubble burst already. It definately can't be called a bubble now.