Bitcoin is a bubble

[xaviervilla]

"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?

Lol. This words really sounds like kwackduck wisdom. Haha. But really though, bridgewater really has a point. And we cannot doubt that. But for me, i see bitcoin's volatility as something that is of great power. It is what drives me to invest. Because to be honest, if bitcoin was like gold, then i doubt that a lot would be using it. Although people love gold, not everyone wants to use it. So gold and bitcoins really have a lot in common(if you know what i mean). So with that being said, im staying woth btc.

[finthebar]

"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?

Perhaps, but if you compare it to gold whats the difference they are both essentially scarce digital assets (unless you physically buy a bar of gold - which has its own problems). Then again a bubble somehow suggest that the price is artificially inflated and unsustainable, my best guess is that many, many more people will invest in Bitcoin and therefore the scarcity question will become much more relevant and the price will go up a long way yet, like an long, long way (10 - 20 X over the coming decade).

[Shikaina]

"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?

Yes it is a bubble but many bubbles. One buble may disappear but a lot more bubbles may stay. Until now it is still in the process to it's full success but thanks to this bubbles who's made already some to be millionaires. It only depends on how you ate going to view this opinion.  

[vezt]

In any new movement, there will be doubters. Plus, we're talking about changing the financial structure that has been in place for decades. Expecting bitcoin to replace all of that in such a short amount of time is foolhardy.

[equator]

In any new movement, there will be doubters. Plus, we're talking about changing the financial structure that has been in place for decades. Expecting bitcoin to replace all of that in such a short amount of time is foolhardy.

What you are telling is true, that for any new big change their will always be believer or non believer and it has to take some time. And after all testing and problems solved it will shine. Same way Bitcoin still have to move lot of problems then only it will be accepted as world currency.

[Frank0209]

LOL. This guy know that his announcement can affect to Bitcoin market and make its price dumped so I think he's trying to take advantage of this case to have chance to buy Bitcoin at lower price )) CEO JPMorgan Chase, James Dimon, said totally the same then when Bitcoin price dumped to 3k$ per Bitcoin, JPMorgan Chase had invested a lot of money to buy Bitcoin at that price )))

[zikabra]

Cool, more FUD, more reasons to buy bitcoin.

From my experience, whatever you hear and see on TV - do opposite and you will be fine 

When bitcoin was 300$ no one cared about it. Now people are massively adopting it and it looks to me someone is scared or wants to manipulate market

[xskl0]

The fact is that bitcoin can be better than what actually is, just give it some time to develop

[Paid Piper]

"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?

Yes it is a bubble but many bubbles. One buble may disappear but a lot more bubbles may stay. Until now it is still in the process to it's full success but thanks to this bubbles who's made already some to be millionaires. It only depends on how you ate going to view this opinion.  

i do not think that it is a bubble any more, because it has take a big correction and currently bitcoin is in fact trading in a very fair price, i think that bitcoin has now to take the acceleration and its price will hopefully start increasing very soon. and this time we can expect that the price of bitcoin will easily cross 5000$ in a few days.

[tabas]

"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?

These FUDs are coming from nowhere, I don't know if this guy knows the strategy on what Jaime Dimon did. If I know him personally, I'm going to ask him this "You really want to buy at dip too huh?". Even before there are so many people "experts", "professionals" that said bitcoin is a bubble, they never get used to it. And also stop these type of FUD threads this is not helpful to the community even though you want to inform on who are these people that brings FUD to the bitcoin market.

[Robertqueen2]

Those people declare due to their benefits. From time to time we witness some known financial person talking negatively about bitcoin, they can easily change their opinions after they fill their wallets.

[DoublerHunter]

Bitcoin will never become a bubble because a bubble means temporary and it will pop instantly after it goes up for a seconds but in bitcoin it is not happening and you can see that the price of bitcoin is still stable and if bitcoin is a bubble then all the volumes about bitcoin is fake but it is not and that is why bitcoin will never become a bubble.

[SUDARMONO]

I'm not very influential to use bitcoin in the sale and purchase of goods, I use bitcoin for long-term investment and also to trade buying and selling in altcoin, I do not want to take a headache about the problem and I really feel comfortable with investing in bitcoin.

[Aztek]

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.

Bitcoin mostly depends on the number of people who would likely to support Bitcoin as a form of transaction that deals with buying and selling  Bitcoin as a form or investments or trading. It is a good thing for both the bitcoin or any other crypto-currency that could also give you an opportunity to earn and to have a profitable way to hold you bitcoin without dealing with to much effort. It is a bubble in the context that bitcoin is always dependent which likely to happen to make it as always changing.

[Chikitita2004]

Those people declare due to their benefits. From time to time we witness some known financial person talking negatively about bitcoin, they can easily change their opinions after they fill their wallets.

I also think the same. It has a personal interest on this statement. Once  their move affected bitcoin price so already an opportunity for them to buy. I don't think he's serious in this statement if him. I sensed the motive behind😊

[SmokeMcPay]

I don't think bitcoin is a bubble at all in my opinion thats fud
bitcoins is likely free market .

[liyoungjae]

bitcoin basically has a small value, because the number is limited and more and more people or investors who are interested and want to have bitcoin so bitcoin to be so honored, and now there are many different types of transactions that use bitcoin as a means of payment ..

[Drnice]

"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?

There is a saying that goes this way, "one man's food is another man's poison" Everyone has his on point of view towards everything. If you are having same ideology with him, then you can join him with gold and let bitcoin be with those who likes bitcoons. Thanks.

[alfred.irgens]

I really don't think that Bitcoin is bubble. If there is a bubble and that is the current finance system built on capitalism.

[dificanovi]

currently bitcoin is very unstable and raises anxiety on all bitcoin users, plus bitcoin bitcoin issues will be destroyed. I always hope for bitcoin to rise again without china.