Bitcoin is a bubble

[Realist247]

Everything is valued based on supply and demand. When the popularity and demand is high, I’m sure there’s a value in it. Gold has its value today because of its long history of demand globally. If no one wants to buy and keep gold in future, then a piece of gold is nothing difference from a stone, do you agree? Same applies to bitcoin, as long as there’s a demand, it would have its value too. Don’t forget, both Gold & Bitcoin has finite supply.

This is not true.  One can divide each Bitcoin into a nearly infinite number.  Once gold is divided into milligrams, it ceases to be recognizable as "gold" without chemical tests.

[Shinigami78]

although btc is volatile it all depends on the investment strategy that you use can only generate profit or even loss you earn. it's just a futile anxiety.

[doublebit21]

"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?

The Idea Behind NVT Ratio

In traditional stock markets, price-earnings ratio (PE Ratio) has been a long standing tool for valuing companies. It’s simply the ratio of a company’s share price to its equivalent earnings per share. A high ratio describes either over valuation or a company in high growth.

What would be the equivalent in Bitcoin-land? We have a price per token, but it’s not a company so there are no earnings to do a ratio. However since Bitcoin at its essence is a payments and store of value network, we can look to the money flowing through its network as a proxy to "company earnings”.

[mbelosto]

according to "bubble studies", BTC trades according to bubble development behavior
the issue is that there is no base value you can start making your evaluation based on, what is the base BTC value?
so may be the bubble is in the middle, may be it's just a beginning or may be it's not started yet

[cabitu]

everybody has his opinion about bitcoin, but if it says that bitcoin today can not do a lot of transactions in it, bitcoin is bubbles, I think it is a less precise opinion, because in fact we can do many transactions through bitcoin

[RamBahadur.Gurung]

Bitcoin is a market. Every market can be a bubble. We should wait and check it

Not just the Bitcoin exchange market, but also the stock exchange market and the real estate market cab be termed as bubble. But that hasn't stopped hundreds of millions of individuals from investing in these assets.

[lilit]

If someone thinks bitcoin is a bubble, then he can simply not use it. Nobody forcibly forces you to buy bitcoins and earn with him. I think it's useless to prove something to those who do not believe in it.

[princesocapuyo]

Bitcoin is not a bubble because it is actually sound money. No one is buying to sell Bitcoin and the supply is not unlimited. The supply is limited and most people are buying to hold.

[freebutcaged]

The only thing Bitcoin is not, a bubble, where is this bubble? you see there are many coins already claiming to be better in many ways but none of them

Are in competition with Bitcoin, people can see which coin is better than Btc, there must be a compelling reason for them to stay and invest most of their

Time and money. people talk about bubbles when they are using fiat for all of their needs, they never used a decentralized currency to know what good

Are they for, they just see it as an asset with high volatility.

[SvenBomvolen]

Bitcoin can not be a babble, it's not centralized fiat to be so.
I really believe that someday crypto-currencies, such as Bitcoin, will become an important form of payment and highly liquid currency
Although the potential is great, Bitcoin looks alike the trying to pick a winner on the Internet in 1996 - the market is currently speculative. At this stage, it is difficult to say, you are investing in the next Microsoft or the next Napster. The time will show.

[Bezdonov Art]

Bitcoin it's a new technology. And its potential is huge. A few years will pass and the world learns about what bitcoin is.

[Przemax]

The whole world is a bubble. It should come to no surprise that the price action of bicoin looks how it looks. It is just a meassure of the economic sittuation of the world and it's moral and financial insincerity.

[cybersofts]

"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?

Never mind these broke journalists! Journalists don't know shit about bitcoin and yet they are the ones talking bullshit about bitcoin on the media every single day. that's funny! I don't know why today's world of journalism is full of scumbags that don't really know anything about the modern world and technology, yet the first people to comment on the things they don't really understand. You should at least understand something fully before you should start talking about it. 

[matuson]

Any project can be a bubble. Even if he has great confidence. It all depends on the circumstances. for some reason people at some point thought that bitcoin is a tool which allows you to effortlessly become a millionaire. This is not so. All who think so will be disappointed. For them, it will bubble.

[Casdinyard]

If someone thinks bitcoin is a bubble, then he can simply not use it. Nobody forcibly forces you to buy bitcoins and earn with him. I think it's useless to prove something to those who do not believe in it.

And he can just donate all his bitcoin to us.
Trusting bitcoin is enough to stay in the game and if you don't believe and thinking that this is all a bubble is insane.
And the one who told in CNBC is just trolling and making fuds to create a commotion in the community so many will panic sell. And I can say that they didn't succeed with their evil plans. Nice try though.

[senne]

"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.

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

Bitcoin is in the early state of establishment due to which it is not easily acceptable at local stores and also become difficult to exchange with local currency in some countries due to lack of rules. But for such factors, we cannot underestimate the value of Bitcoin and declare it as a "Bubble". Ray Dalio termed "Bitcoin as Bubble",  in the way that it has no secure future and the people investing in Bitcoin will ultimately loose their money. But according to me, you can term this just as a another statement against Bitcoin and nothing else, all such statements are made to create a state of panic so the Bitcoin Price drops and the investors can buy at low price.

[Alosa]

Price of bitcoin must be increased.

[iamTom123]

Everything is valued based on supply and demand. When the popularity and demand is high, I’m sure there’s a value in it. Gold has its value today because of its long history of demand globally. If no one wants to buy and keep gold in future, then a piece of gold is nothing difference from a stone, do you agree? Same applies to bitcoin, as long as there’s a demand, it would have its value too. Don’t forget, both Gold & Bitcoin has finite supply.

This is not true.  One can divide each Bitcoin into a nearly infinite number.  Once gold is divided into milligrams, it ceases to be recognizable as "gold" without chemical tests.

Of course, you can divide each Bitcoin into truly infinite number but the question is can you still use them if you do it that way? In fact that idea can also be applied to the fiat money but is there anybody minting coins that way?

I like your idea that maybe Bitcoin can really be a bubble and yes I agree because anything can be a bubble actually even the fiat money can be a bubble when the very government backing it up has already melted or the economy of a certain country has gone bust certainly the national currency can experience bubbles.

What is certain for now is that Bitcoin can not be pronounced as a bubble...now as to what will happen in the future we could only hope and guess and my guess is that it might not be a bubble. Let's see which prediction will come true.

[Basmic]

It may be high volatile but you cannot compare it with bubble, as it is totally different.

Why not compare bitcoin a bubble? The growth of bitcoin prices occurs only for the reason that it continually pour money. Any currency works to increase production and is used as a measure of the amount of produced values. Bitcoin does not produce such values, and its price depends only on the receipt of money which makes the economy of different countries.