Is Bitcoin a Bubble?

[giarised]

I do not think bitcoin is like bubbles if bitcoin like bubble seems like it is impossible because bitcoin price when it rises and very high after that price collapsed but can do price recovery so not suitable if you mention with bubble name, more suitable if it said wave.

We all must respect the opinion of others and likewise I second your statement about bitcoins and its bubble aspect. People need to know the definition of bubble first and then compare those words with current scenario of bitcoin. Compare and analyses don’t they see they are making a wrong move calling bitcoin a bubble. If it is bubble, how could have it lived for so long years?

[squog]

I don't believe that BTC is a bubble. For one thing the price of a certain market would be so expensive as conpared to it's intrinsic value. Then again, BTC itself is a currency so its price is also it's intrinsic value. It also follows a logical increase and decrease in price though volatile is still rational.

[ballerin and giroud]

For those who have experience about economic bubble, yes they will answer your question that bitcoin is bubble. The reason is bitcoin prices are very surprising, within a year alone bitcoin prices can rise up to $ 18,000 this occurred in 2017 ago. But for someone who jumps into the world of cryptocurrency and they learn more about the use and function of cryptocurrency in the future, like me, I will answer bitcoin is not bubble. This is a technological development, not just temporary and has a long-term function.

[onrise]

I think Bitcoin now is not good for investing in it, Bitcoin is strong and are on the first place, but if to look in near future, situation is not good

Now only btc is good for investing as prices have drop so when you used to buy for 10k the same thing is now available in less than 7k. So when the sale starts for shopping people go and buy in the same way it is the time to buy the crypto currency and invest more.

[hatsoff2btc]

At the financial, business level. Bitcoin may be a bubble. People buy when Bitcoin is low and sell when Bitcoin is high. Bitcoin moves from one person to another. When Bitcoin reaches its peak, the Bitcoin keeper holds the fire, and Bitcoin explodes. So, investing and trading Bitcoin is a very difficult job. Do not risk if you do not get the full knowledge of it.
[/quote)

Bitcoin is not a bubble because if it is bubble Bitcoin will not come this far of existence.

If we look in broader persecution we will find that bitcoin is bubble of steel and will survive forever. The investment cap is increasing and in the near future it will hold the world market. Blockchain technology is on the back of bitcoin and this technology is prevailing in the world very fast and soon the whole world will use this technology. Now they want to promote bitcoin. So there is no chance of bitcoin blown up.

[oegarod]

With bitcoin as well other digital currencies the fluctuations is common. At times this used to happen in a large scale marking it something like a bubble. If one goes through the growth chart of bitcoin years back then can clearly identify similar scenarios that has taken place in the past.

[arpon11]

Bitcoin is not a bubble though people and its enemies are trying to make it so.  Those that have invested in bitcoin from beginning has in mind that they are investing into a system that they have hoped on and that bitcoin is going to be the future of our financial system.  The current volatility is needed to make bitcoin more popular.

[gorodi]

I think and hope that bitcoin will continue growing and become more stable in the future. As for bitcoin as a bubble, it depends on how you look at this. It can be expected that the price can quickly fall and in the same way it can increase in many times. 

Look at it from any side but you will not see that it is a bubble. Bitcoin is the first cryptocurrency and the pioneer that has started the ear of the blockchain.

[satriagedhe]

in my opinion , bitcoin not bubble , because bitcoin still standing here and still have value , its just volatile on the price

[mOgliE]

There a simple thing that proves it isn't a bubble.

There are currently 18 million btc in circulation. Even a bit more if I'm not mistaken.
Maximum amount will be 21 million so 16% more. And that's all. Nothing more.
It means with the same activity the price will drop by 16% with the complete supply.

There is NO other currency that has such a low and controlled inflation. Price can only rise with number of users. Which is not the case of most assets!

[19Nov16]

Bitcoin is not a bubble, but pure decentralization, if you feel bitcoin is a bubble then it will not make everyone believe, there will be enemies that bring bitcoin to the government to impose penalties for users.

[nicster551]

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

Nah! Bitcoin will never be a bubble. This individuals or groups making or spreading these kind of news are having problems with bitcoin, first they might be scammed using a bitcoin and now, they want revenge and also gives false awareness to everyone. Second, they might be uninformed. The problem is many knew bitcoin, its name, and you can earn from it. But only few has truly understand its purpose, use, potentiality and ability as an investment medium. And when the time bitcoin burst its price, these persons who are telling bitcoin is bubble will surely get their words back.

[hammerhart]

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

Nah! Bitcoin will never be a bubble. This individuals or groups making or spreading these kind of news are having problems with bitcoin, first they might be scammed using a bitcoin and now, they want revenge and also gives false awareness to everyone. Second, they might be uninformed. The problem is many knew bitcoin, its name, and you can earn from it. But only few has truly understand its purpose, use, potentiality and ability as an investment medium. And when the time bitcoin burst its price, these persons who are telling bitcoin is bubble will surely get their words back.

i think bitcoin will not explode soo much..technology wise it is just not made so much for mass market application..it is more a storage of value...but i guess it wont be for long a s a better btc will take over- it might take some time but in the end btc is not made for waht people currently hiope it is

[yazman]

I understand its meaning. However, I do not think Bitcoin will burst like a bubble. Because it has a solid foundation and it will grow in the future. Perhaps on the road to development, it will be difficult. However, I still believe in Bitcoin, which is the currency of the future

[Xardasim]

Everything is thought to be a balloon when it is new, but we have to give it some time to prove itself. Cryptocurrency is an excellent money system, which is innovative and never seen before. But, humanity is not accustomed to such things and when they hear a bad news, it sells immediately and we are in the same situation after this sale.

[morex0123]

I understand its meaning. However, I do not think Bitcoin will burst like a bubble. Because it has a solid foundation and it will grow in the future. Perhaps on the road to development, it will be difficult. However, I still believe in Bitcoin, which is the currency of the future

I never think bitcoin is a bubble because since from the start, it always have value. Though there are times the market price go downtrend, but it never collapse or become zero. Bitcoin is the strongest base of all crypto-currencies, which survived for over six years now.

[Best Dreams]

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

Nah! Bitcoin will never be a bubble. This individuals or groups making or spreading these kind of news are having problems with bitcoin, first they might be scammed using a bitcoin and now, they want revenge and also gives false awareness to everyone. Second, they might be uninformed. The problem is many knew bitcoin, its name, and you can earn from it. But only few has truly understand its purpose, use, potentiality and ability as an investment medium. And when the time bitcoin burst its price, these persons who are telling bitcoin is bubble will surely get their words back.

i think bitcoin will not explode soo much..technology wise it is just not made so much for mass market application..it is more a storage of value...but i guess it wont be for long a s a better btc will take over- it might take some time but in the end btc is not made for waht people currently hiope it is

I think bitcoin is the most advantageous currency, which has huge scale investors all over the world, now people are not much worry about future making or earning for family as they know bitcoin is there to support them at time of crises, bitcoin is not a bubble but bitcoin is the future currency itself which is going to grow more and more, so trust your bitcoin investment which will never disappoint you as an investments and as future currency too.

[gerald246kru]

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

You can tell that the bitcoin is exactly a bubble, bitcoin bubbles have started to break from the end of 2017 after reaching $ 19800. At present, bitcoin is at $ 6,000 and you can see that in less than six months the bitcoin price has dropped by more than 70% of its value. So I think that at this point you should be very cautious when investing in bitcoin because the bitcoin will probably continue to fall sharply.

[DaughterOFbitcoin]

I don't believe that BTC is a bubble. For one thing the price of a certain market would be so expensive as conpared to it's intrinsic value. Then again, BTC itself is a currency so its price is also it's intrinsic value. It also follows a logical increase and decrease in price though volatile is still rational.

When you earn you were happy but if are losing today you say something bad about bitcoin. Don’t forget that thousands of people made thousands of dollars against each bitcoin. How can it be bubble? If it is bubble why are you here in this forum. If you want to know the opinions of other people and decide about the future of bitcoin then I want to tell you that bitcoin will be only usable currency in the world in the near future.

[Osarman]

Okay, good to hear that. But first of all, since you know that Bitcoin is a bubble, don’t you think is a good idea if you quit? Why are you still here talking about it and disturbing the peace of others that are interested?  I don’t know if Bitcoin is a bubble or not a bubble, I’m not among the insiders, I’m just investor that is looking for a way to make money and take care of his family. I don’t know for you, but if you don’t like Bitcoin and you think that it has not contributed to your life in any good way, then quit from it.