what is bubble?

[dilshan1001]

Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?

[gbks]

It's called a bubble when something is hugely overvalued. Usually this happens when lots of people are so excited about something that they put a lot more money into it than it is really worth. At some point, the market realizes that the actual worth of this thing is really a lot lower and people start selling it off. That's when the bubble pops. The financial crises of 2008 was also a bubble, caused by too many people buying into real estate (facilitated by shady practices of banks). Some people say Bitcoin is in a bubble because the excitement over it is huge and a lot of money is flowing into it. Hope that helps.

[Nerman]

Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?

Well in economics, bubble is when a stock or in this case an asset goes up really high than it intrinsic value, then it will crash down. But economist or bashers they really do not know the intrinsic value of bitcoin. Since it is fairly a new technology they do not have any asset that they can compare it to.

Bitcoin was already accused of being a bubble eveytime value goes up but look at its value now.

[tamilbitcoin]

I believe ultimately it is in the hands of Sellers / Merchants. (and the fees to some extent too.)

If people find bitcoin transactions easy and has less fee, both merchants and customers will tend to use it.

Rather if they find an alternate way to make transactions, bitcoin or any cryptocurrency may end up like a bubble.

In the current trend, it seems like more people are likely to accept bitcoin. So, at least bitcoin only might escape, if any crash happens.

[shamzblueworld]

Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?

In simple terms, it was called a bubble because they thought its just a phase that will soon pass. Bitcoin's rising value is gonna stop soon and it will be back to cents and pennies and people won't be involved much longer with it. Of course now its all over for such claims and speculations, but still sometimes the term is used when the value increases suddenly and if it takes a backward step in a sudden way, they usually say that the bubble is popped.

[dilshan1001]

It's called a bubble when something is hugely overvalued. Usually this happens when lots of people are so excited about something that they put a lot more money into it than it is really worth. At some point, the market realizes that the actual worth of this thing is really a lot lower and people start selling it off. That's when the bubble pops. The financial crises of 2008 was also a bubble, caused by too many people buying into real estate (facilitated by shady practices of banks). Some people say Bitcoin is in a bubble because the excitement over it is huge and a lot of money is flowing into it. Hope that helps.

wow  it's amazing explanation..
that is very helpful..
thank you for this.
and some people are still saying Bitcoin is the bubble. 

[AmXProX]

Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?

What consists a bubble? Air and nothing more right.
What they are trying to say is bitcoin is something that is from nothing. Nothing backs the price of bitcoin, unlike fiat with gold reserves that supports its price.

[mistanama]

The bubbles called s crypto are the rapidly increasing the price of bitcoins. So this is likened to Bubbled because of the rapid increase. And of course it also quickly disappeared. But I do not think the current bitcoins have been bubbled because it is a result of the extension and the adoption of the people here.

[SUDARMONO]

the word is often spoken in the bitcoin world, I think the big bubble is a change in something of great value its influence, we know the start of the first time bitcoin prices are created and until the current prices are soaring in price and to bring a big change to bitcoin users about Their financial problems, big bubbles have created prosperity for some humans.

[canaveralnonie]

For me as a newbie. This sounds simple, just like a real Bubble. Bitcoin will goes up and very transparent, add the word amazing stuff  but all of a suddenly it goes down. And it will never be found nor fix as well. Bubble/Bitcoin will gone in just instant.

[AngelDeveloper]

Tulip mania was a bubble in a time where the Dutch really really loved their tulips but the prices got so ridiculous that everyone tried selling, instead of everyone trying to buy them.

Beanie babies was also a bubble, 2008 was also a real estate bubble. The difference between all of these and BTC is that the tulips, the houses, the stuffed toys, all were in unlimited supply and they didn't serve an actual purpose. Yes, BTC is exciting and people might rush into it but it actually serves a very good and targeted purpose. It's not just a pretty flower.

[pinoyden]

Well in economics, bubble is when a stock or in this case an asset goes up really high than it intrinsic value, then it will crash down. But economist or bashers they really do not know the intrinsic value of bitcoin. Since it is fairly a new technology they do not have any asset that they can compare it to.

Bitcoin was already accused of being a bubble eveytime value goes up but look at its value now.

bitcoin is not really a bubble and it is just normal for its value to increase or decrease because thats how it works and people who are into the world of crypto knows it  or maybe they are just butt hurts and noobs and want to make anything just to discredit bitcoin. but no matter what they call it or what they do, most of us are still believing on bitcoin.

[VitKoyn]

Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?

The term bubble in economics means rapid increase of an asset value and followed by sudden contraction or decrease in value, one of the biggest asset bubble is the dutch tulip and the dot-com bubble. There are lots of different opinions about Bitcoin some people compare it to the past bubbles because its value quickly increase and will soon crash but for me Bitcoin is not a bubble, its value is rapidly increasing because more people are adopting it and Bitcoin has a limited supplies. The only way it will collapse is when people lose interest which is very unlikely to happen.

[teilwalL05]

This site is so good and informative.very good presentation printer repair dubai about the topic and i hope you add more details to improve our knowledge.

This Forum is very informative when it comes to bitcoin you can sure find lot of things in how to earn, trade, and where to invest buy or sell bitcoin and other Cryptocurrency, and I think we are very thankful to the owner of this Forum because of this we had so much knowledge when it comes to all cryptocurrency out there are how to obtain a decent amount of money by investing through this things.

[TravelMug]

Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?

A bubble is when some market manipulators drive the price above its value. Like what we are seeing in bitcoin price movement right now. Beginning this year, we are just below the $1000 price and now we have touched $6000 and the price is tagged at $5700 currently.

However, I think we are already pass the bitcoin bubble of 2013, wherein there's a lot of factors that contributed to the market crash. 2017 is a new where we see new investors entering the market, and its hard to manipulate the price because there's really a lot of investors right now. Gonna be hard for whales to try and get the price to go lower and buy in dips unlike before.

[Jake052478]

It's called a bubble when something is hugely overvalued. Usually this happens when lots of people are so excited about something that they put a lot more money into it than it is really worth. At some point, the market realizes that the actual worth of this thing is really a lot lower and people start selling it off. That's when the bubble pops. The financial crises of 2008 was also a bubble, caused by too many people buying into real estate (facilitated by shady practices of banks). Some people say Bitcoin is in a bubble because the excitement over it is huge and a lot of money is flowing into it. Hope that helps.

This is so true,  Only an investor or businessman alike can really understand the value of bitcoins,  the only hindrance of this cryptocurrency is that it has no legal basis to many countries that is why it is still being ignored.  By the time they will eventually find a way to regulate the used of bitcoins, they will eventually open it to the public and also taxation will be imposed so that they can include it in the computation of the GDP to know how this cryptocurrency affect the economy of a country.

[Vaflia]

In theory, cryptocurrency bubble, because they are backed by nothing except the faith of people in them.

[markleal]

It's called a bubble when something is hugely overvalued. Usually this happens when lots of people are so excited about something that they put a lot more money into it than it is really worth. At some point, the market realizes that the actual worth of this thing is really a lot lower and people start selling it off. That's when the bubble pops. The financial crises of 2008 was also a bubble, caused by too many people buying into real estate (facilitated by shady practices of banks). Some people say Bitcoin is in a bubble because the excitement over it is huge and a lot of money is flowing into it. Hope that helps.

Kudos!  
Let me add by citing an example related to technology which is the Dot-com Bubble or Internet Bubble. When the Internet becomes popular in the 90's companies start to invest millions of dollars to websites, some are rushing to buy domains and sell at a much more higher price. When the 20th century arrives, company investments don't generate enough income thus websites together with the company bankrupt one by one. Some notable companies survived like eBay and Amazon among others, but as you can see right now, those two companies are leading.

[dilshan1001]

Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?

Well in economics, bubble is when a stock or in this case an asset goes up really high than it intrinsic value, then it will crash down. But economist or bashers they really do not know the intrinsic value of bitcoin. Since it is fairly a new technology they do not have any asset that they can compare it to.

Bitcoin was already accused of being a bubble eveytime value goes up but look at its value now.

economist or bashers don't know any think about BTC..
but some economists (like Mr. Chamath Palihapitiya) got huge profit from understanding about bitcoin.
Bitcoin is a bubble but still grown up.
thanks for your info

[iamTom123]

Few years ago some economic specialist says Bitcoin is a huge bubble. why they said it? and what is the meaning of the bubble?

Well in economics, bubble is when a stock or in this case an asset goes up really high than it intrinsic value, then it will crash down. But economist or bashers they really do not know the intrinsic value of bitcoin. Since it is fairly a new technology they do not have any asset that they can compare it to. Bitcoin was already accused of being a bubble eveytime value goes up but look at its value now.

Bubble can be compared to a balloon full of nothing but air and its value can be questionable due to over speculation of many investors who only think of nothing but just the possible returns...once the investors realizes that they have been deceive into doing something they think can be a mistake...the balloon can pop leaving people behind with nothing but empty bags.

Bitcoin has been accused of being a bubble and a fraud especially if its value would dramatically rise. So far the warnings from well-meaning ( as well as ill-intention) people were just shrugged by the market. In my view, there is a mechanism which Bitcoin is using to check itself on a regular basis...there are regular retreats or dips which is adding more excitement to the market and is a way to correct itself.

As to the future of Bitcoin, nobody can be certain but that is true with anything in life. What tomorrow can be bringing should be left to time and chance...we can plan and we can speculate but only time will tell us what will really be.