The Profits and the Bubbles

[iamTom123]

According to my estimates, more than majority of us here in the Bitcoin community are here mainly for the possible profits we can gain out of its continuing growth. We are speculating that Bitcoin will continue on its rise for years to come. fortunately, Bitcoin has been a very good "investment" vehicle so far as we experience its astronomical rise.

Despite the many challenges thrown its way, Bitcoin has proven to be a very resilient and fantastic currency and asset. Right now, it is attracting big groups of investors with huge money on their pockets and this can mean more growth especially in 2018.

On the other hand, we are seeing so many warnings that Bitcoin is the best candidate for a bubble that can soon pop leaving many holders with empty bags. While being optimistic with Bitcoin, we are not closing our eyes to different gloomy possibilities as it is always good to be aware and be ready.

Are you mainly here for the profits?
 

[libert19]

Yes.

[pooya87]

On the other hand, we are seeing so many warnings that Bitcoin is the best candidate for a bubble that can soon pop leaving many holders with empty bags.

many warnings, really? and where exactly are these warnings?
the topics the likes of kuwakduck creates in the speculation board? yes very reliable topics out of the mouth of someone who has been calling the doom of bitcoin with multiple accounts on bitcointalk and elsewhere.

and what are their reasons? calling it bubble just because you feel like it or just because you are scared that price has gone up faster than had anticipated does not mean it is a bubble.

time and time again bitcoin had corrections, big corrections and each time it recovered fast. a bubble doesn't have this attribute to go down 20% and then come back and continue rising. there are no 20% drops/corrections in a bubble.

[pranaja]

This question is like what stock questions to buy tomorrow. No one can be sure. But if I see from the development of media coverage that causes enthusiasm for bitcoin everywhere will create a very high demand. I believe prices will continue to soar many times over, I myself start investing some money into bitcoin. But of course I am not responsible for any losses that if it will be experienced by the reader.

[Pursuer]

I guess with bitcoin people are going to continue saying stuff without thinking about them.
a couple of years ago it was "bitcoin is dead because price is falling to $200", then it turned into "bitcoin is going to die after halving because miners will leave", then it turned into "bitcoin will never reach $1200 (ATH) ever again" and when it stayed over $1250 it turned into "this looks like 2013 and is a bubble" and this year it seems like the word "bubble" is mindlessly being repeated by everyone. it is like the word of the year

[Kakmakr]

Why do people trade on Stock exchanges? Answer : They want to see returns on their investments or huge profits. In the USA, Bitcoin is seen as a commodity and people trade in commodities to make a profit. The people who supported the big dream that Bitcoin would free them from dictatorship or corrupt governments, soon realized that it was just a pipe dream.

Bitcoin will never be allowed to replace dictators or to give people complete financial privacy. As soon as Bitcoin becomes a threat to governments, it will be regulated to death. ^grrrrrrr^

[Shamie1002]

According to my estimates, more than majority of us here in the Bitcoin community are here mainly for the possible profits we can gain out of its continuing growth. We are speculating that Bitcoin will continue on its rise for years to come. fortunately, Bitcoin has been a very good "investment" vehicle so far as we experience its astronomical rise.

Despite the many challenges thrown its way, Bitcoin has proven to be a very resilient and fantastic currency and asset. Right now, it is attracting big groups of investors with huge money on their pockets and this can mean more growth especially in 2018.

On the other hand, we are seeing so many warnings that Bitcoin is the best candidate for a bubble that can soon pop leaving many holders with empty bags. While being optimistic with Bitcoin, we are not closing our eyes to different gloomy possibilities as it is always good to be aware and be ready.

Are you mainly here for the profits?
 

Of course, I am sure that those investors will not invest if it is not for the profit right ?  I am a student that clearly is the reason why I am here. Aside from that it is very benifiting knowing a system such as bitcoin. This may be one of the greatest creations I have ever known. Very decentralized, volatile and transactions are fast.
Information is beneficiary too knowing that this kind of transactions are possible.
The bubble concept is not necessary because since year 2009 many already gained large profits here that will mainly prove that bitcoin is never a bubble.
In business there are always time that you may lose some and that is a part of it.

[Kabul]

I think that only small investors care about the profit such as me. I have heard that many big investors who invest their money in bitcoin because they believe in the future of this new technology. Most of the people want to earn money and if you have enough money, you will use your money for many other purposes. And therefore, I have strong feeling that the bitcoin bubble will never pop

[jseverson]

I am here for the profits, but I'm well aware investing into Bitcoins is not a sure thing. You risk big, you win big.

You will always see some people saying you should never invest into Bitcoins, and it will have no future, but it would be wiser to actually do research and come to your own verdict. I do still read those articles because new insights won't hurt. My opinion still hasn't changed though.

[NewBet]

I think that only small investors care about the profit such as me. I have heard that many big investors who invest their money in bitcoin because they believe in the future of this new technology. Most of the people want to earn money and if you have enough money, you will use your money for many other purposes. And therefore, I have strong feeling that the bitcoin bubble will never pop

No way dude. I can guarantee you there are just as many small supporters if not more who are in it for the long haul and holding hard right now. It can be very tempting to sell when the price jump like this, but it takes patience to grow Bitcoin and if everyone just sold, including the small investors then there would be no Bitcoin at all.

[BingoDog]

O will not lie, my interest is also profit. But it's not the only interest and when I first started to use bitcoins I had different motivation, I wanted to try something new and different, be the part of new technologies revolution. How the possibilities to make profit with bitcoin have revealed to me, I've become more profit oriented.

[Pierre 2]

I can't deny my main interest is about profits too.
But I also loved tech behind cryptocurrencies. Their problem solving to real world assets and so on. Crypto gave ordinary people huge chance to use their economy information and I love it. I will never leave crypto.

[erickkyut]

Invest only what you can afford to lose. Yes Bitcoin is also a candidate for a bubble investment but if you want to be secure, I suggests that you diversify your investment portfolio. Try investing on other coins. Just in case that there will be a bubble in Bitcoin, you have other alternatives. Some coins has a potential to grow big time in the future.

[talkbitcoin]

of course everyone is here for profit without an exception but "profit" is more like "benefit", it doesn't have to always be monetary profit. it can be the financial freedom that you gain when using bitcoin. it can be the freedom of not needing a third party, it can be the security, the speed, the cheaper transactions, the privacy and lots more that bitcoin offers you.

these are all profits.

[leonix007]

Profits, opportunities, Learning, Currency with a Technology those are the reasons why I am here, I bet others has same interest as I do, I recall my friend stating his opinions regarding Bitcoin comparing Bubbles on Stocks to Cypto, and found it very different.

[Seansky]

many warnings, really? and where exactly are these warnings?
the topics the likes of kuwakduck creates in the speculation board? and what are their reasons? calling it bubble just because you feel like it or just because you are scared that price has gone up faster than had anticipated does not mean it is a bubble.

time and time again bitcoin had corrections, big corrections and each time it recovered fast. a bubble doesn't have this attribute to go down 20% and then come back and continue rising. there are no 20% drops/corrections in a bubble.

You are right that it can't be called a bubble since it rises from time to time when it drops. That being said, I agree on OP's statement that it is somewhat like a bubble because almost everyone is here for profits in terms of money in fact I also am here for profit so I agree that bitcoin might possibly be a bubble or not but I believe that even if it pops, it will just stay on that certain price for a long time and rise again.

[Hydrogen]

We need better terminology and metrics to describe what a bubble is. There isn't much real debate when it comes to whether bitcoin is a bubble. There isn't much of an established school of thought on what set of circumstances might define a crypto bubble.

In a stock market analysts could look at the ratio of price to earnings which would help to identify bubbles or assets that were overvalued. In crypto there isn't a similar metric that has been tried and proven over time to be a good indicator. Crypto isn't structured like stocks and bonds. This could make it more difficult to identify or predict bubble behavior in crypto as its non traditional and subject to variables which do not exist in other markets.

[sana54210]

Majority of us here, as in 80 to 90% ? Wrong!
I’m f**king damn sure that 100% of everyone into Bitcoin are into it only for the profits; they’re into it just to make money, and nothing else.

If someone tells you that they’re not into Bitcoin to make profits, know that they’re bloody liars. Everyone came for the same purpose which is to make profits.

[eternalgloom]

Majority of us here, as in 80 to 90% ? Wrong!
I’m f**king damn sure that 100% of everyone into Bitcoin are into it only for the profits; they’re into it just to make money, and nothing else.

If someone tells you that they’re not into Bitcoin to make profits, know that they’re bloody liars. Everyone came for the same purpose which is to make profits.

I know of myself that I'm not into Bitcoin purely because of the possible profits.
It's just easier to use bitcoin as opposed to other payment methods, coupled with the fact that I'm in control of my own money.

With Paypal for example, you always have to worry a little bit that your account will get locked or as a merchant you have to worry that the funds you receive will get charged back.

[Arngrim]

Yes I am. But I dont believe it is a bubble.  It is the people holding bitcoins in their wallet who will define how it will fall. It cant be a bubble.