Bitcoin is a bubble

[Chikitita2004]

"Bitcoin today you can't make much transactions in it. You can't spend it very easily ... Bitcoin is a bubble," Ray Dalio said on CNBC's "Squawk Box" Tuesday.
It's not an effective storehold of wealth because it has volatility to it, unlike gold," Bridgewater Associates founder tells CNBC.

What can you say about it  based on you own point of view?

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[Zionatin]

This has been brought out many times over the past weeks why make a new topic ? Stop it !
If you feel bitcoin is a bubble or want to entertain idiots opinions then please leave. Give up on BTC sell all of what you have and leave.
Noone needs this Fud crap. You only trying to cause trouble. If you want to talk about this go find one of the many topics already made and stop poluting these forms with crap.

Thank you.

[Xxmodded]

"Bitcoin today you can't make much transactions in it. You can't spend it very easily ... Bitcoin is a bubble," Ray Dalio said on CNBC's "Squawk Box" Tuesday.
It's not an effective storehold of wealth because it has volatility to it, unlike gold," Bridgewater Associates founder tells CNBC.

What can you say about it  based on you own point of view?

everyone has his own view of everything that exists in this world. I dont know what the motive is behind Ray Dalio's words.
it could be politive to corner a bitcoin. or true pure opinion alone. I dont know. but if according to what he said is true. it is not easy to bitcoin, and it is not easy for gold too. this is a fact in life. there is always a process and a path that must be taken to succeed.

[emuLOAD]

Bitcoin isn't a currency, Bitcoin isn't a store of value, Bitcoin isn't worth anything.

Do we realize we live in a world where some people have bought cars and houses by selling childhood Pokemon card collections?

What bitcoin is or is not is wholly irrelevant. It currently has value, and is currently experiencing sustained growth. In the mid-term (5+ years) it has shown so far remarkable "stability" and has proven itself as a valid investment. This might stop tomorrow. It might stop in a years time. Or in 20.

If you are not an idiot, you can make money with bitcoin. If you are very smart, you can make a killing. This is true regardless of whether bitcoin is a bubble on the point of bursting, or if it's the second coming of Keynes. Be smart, be fiscally responsible, and have contingencies in place.

The rest is just manipulation and banter.

[anon4250158]

Anything in this world that has "value" only has that value because enough people agree that it has value.  Bitcoin is no different- some people simply aren't going to think it is worth anything.  But as long as some people do (and that number is growing daily), it will have value.  Maybe the current price IS a bit more than it's actually worth, but the market will decide that.  And maybe the market will decide that bitcoin is basically worthless.  That's why any smart investor diversifies and has backup plans.

[Hasbro27]

for now it's just bitcoin to purchase something is very limited, most people use bitcoin as an investment and their savings in the future. I myself rarely use bitcoin as a means of payment. I use more cash than bitcoin. in the future bitcoin will multiply that use it as payment

[Kprawn]

Bitcoin is not only one bubble, it is a bath full of little bubbles and every time one of those little bubbles pops, we take profits.

We do not deny anything these naysayers are saying, because we cannot predict where all of this is going and neither can

they. Bitcoin consists of mini pumps and mini dumps and every one makes it stronger.  .... Why would we want to struggle

and fight with the media... they think they are the experts on everything. Let them point fingers, while we wave from the

cruise ship. 

[25hashcoin]

100% right. Bitcoin as BTC (Core/Segwitcoin) is a complete tulip bubble with its lack of utility.

Bitcoin Cash on the other hand is not in a bubble and will grow from here as txs are allowed to freely increase exponentially.

[The Sceptical Chymist]

I used to listen to squawk box almost religiously.  Nice that they're talking about bitcoin--and if they say bitcoin is in a bubble,  then I should probably have doubts.  Financial press never calls a bubble accurately.  They're good for entertainment purposes, not for information.  In other words, it's probably a great time to buy bitcoin!

[RawDog]

100% right. Bitcoin as BTC (Core/Segwitcoin) is a complete tulip bubble with its lack of utility.

Bitcoin Cash on the other hand is not in a bubble and will grow from here as txs are allowed to freely increase exponentially.

I wouldn't say 'Bitcoin Cash' around here.  They will ban you for that.  It is considered high treason on this forum to say anything at all about 'that chain'.

[amacar2]

"Bitcoin today you can't make much transactions in it. You can't spend it very easily ... Bitcoin is a bubble," Ray Dalio said on CNBC's "Squawk Box" Tuesday.

- You can make a lot of transactions and you can pay 1$ wroth of bitcoin in fees rather than 1%+ fee in usual payment gateway when you are sending $1000+ from one country to another.
- You can spend bitcoin easily in local stores and pay online, thousands of store accepts bitcoin.
- Bitcoin is not a bubble.

It's not an effective storehold of wealth because it has volatility to it, unlike gold," Bridgewater Associates founder tells CNBC.

- Bitcoin price have increased over 10x this year and how much gold's price have increased at this year?

These two guys looks noob in the field of cryptocurrency or might be trying to create fud so they can buy cheap bitcoins as they might now crypto market is very reactive towards fud and hype.  

[Reid]

True that it cannot be compared with gold but not all people here are looking for a very long term asset.
Some of them just go with the waves then withdraw. Come back the next time, buy then do it all over again. It seems like this people are just talk and have never experience it yet. They better try it first before they talk non sense.

[allohha]

True that it cannot be compared with gold but not all people here are looking for a very long term asset.
Some of them just go with the waves then withdraw. Come back the next time, buy then do it all over again. It seems like this people are just talk and have never experience it yet. They better try it first before they talk non sense.

I still can not figure out what the value of Bitcoin, Although I understand the uniqueness of the technology itself. Cryptography is the science of the future, But if you compare Bitcoin with gold, then I see the material value of gold, which Bitcoin does not have. Difficult question.

[emuLOAD]

that's a very easy question to answer. bitcoin is a database, it's data. It is materially worthless. indeed, it's a cost. Gold you can use to manufacture goods, bitcoin you cannot.
This doesn't mean there isn't any merit in blockchain technology and bitcoin though.

[Anndrianno]

There is no coincidence of opinion on what is actually called "a bubble"? If we are siding with ones, who believe in "real life value"- then everything, what we cannot touch is a "bubble", so the only things worth investing are " real assets", which have "real" value.

However, bitcoin is about technological progress, which implies both value of the technology and some additional or (as many refer to it) "speculative" value. Now the good question is what is the current proportion between "technological" value and "speculative" one? At this point we understand, that BTC and all the altcoins, for which blockchain is inevitable represent "technological" value and shouldn't be considered "bubbles". However, all the altcoins, where crypto can be (in theory) replaced by fiat money are "bubbles".

[marketprice]

This is fake news from people who have credibility but are sorely uneducated on this particular subject.

[(o)(o)ilikeboobs(o)(o)]

Nowadays their are so many bad news are coming related to bitcoin everyone is trying to hit bitcion and get famous

[vitalife555]

I know one thing, when this noise ends, panic, bitcoin starts to go up. People will start buying a little. Bitcoin will become less in circulation, but more will be in the hands of people. Bitcoin is smaller on the market and it will grow. now and will grow my beloved currency monero also

[Chikitita2004]

This has been brought out many times over the past weeks why make a new topic ? Stop it !
If you feel bitcoin is a bubble or want to entertain idiots opinions then please leave. Give up on BTC sell all of what you have and leave.
Noone needs this Fud crap. You only trying to cause trouble. If you want to talk about this go find one of the many topics already made and stop poluting these forms with crap.

Thank you.

Oh thank you for such a harsh reply. I think everyone of us here has our own opinion. If you think the topic is not too sensible for you why say words not nice? I think i am not the only one spreading crap here and if people give their opinion on my question i don't think it should bother you much. One doesn't have to be rude  to new members, everyone's been  new here.

[Flomo]

the movement of bitcoin is very unstable, the graph of decline or increase in movement significantly, for that bitcoin is only used as a short-term investment, unlike gold that has price stability and tends to increase even if only slightly.