|
geac.xraekhurcoe
|
 |
October 26, 2017, 11:06:44 AM |
|
You can view Bubble as the 5 wave of the Elliot wave principle, https://en.wikipedia.org/wiki/Elliott_wave_principle , when the market is about to reverse and start the dump period: Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received).
But Bitcoin is just on it's infancy on Wave 1: Wave 1: Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.
But some would disagree with this view because Bitcoin has limited supply and anti-inflationary properties but in the end if supply is limited demand is unknown so Elliot waves principle could be applied ! |
|
|
|
|
|
|
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
frauswif
|
|
October 26, 2017, 11:11:49 AM |
|
It's important to distinguish between coins like BTC and ETH, which are based on a blockchain platform, and tokens, which are typically applications built on a platform. Many tokens are created for ICOs (initial coin offerings) where they are sold as a way of raising funds for a business or project to move forward with development of an idea/new application. The idea of a crypto "bubble" could be applied to the ICO phenomenon as people are rushing in to buy these tokens without necessarily looking into the quality of the projects behind them. When you buy tokens through an ICO your are essentially investing in the business behind it. This means it is extremely speculative. If the business fails the token is worthless. I think you could describe the ICOs market as a "bubble" similar to the "dot.com" bubble in the 90s. There are many, many new tokens coming out but only a few of the projects behind them have legs and will last into the future. The others will go bust.
If you fear the crypto bubble then invest in BTC and ETH, or in stable and longstanding tokens that have real technology already developed (ripple, golem, sia)- though even these tokens might not be of value in the future... it is impossible to say. If you want to try to profit from the ICO craze then either research the projects thoroughly or just participate in free airdrops, which is something many new projects do as a way of drawing attention to what they are doing.
|
|
|
|
|
oookova
Newbie
 Offline
Activity: 28
Merit: 0
|
|
October 26, 2017, 11:30:53 AM |
|
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. But if go deeper, on the Bitcoin's back there are electricity and internet, no? I mean $$$ was a bubble firs... Gold and oil has value, cause people can use it. $$$ is just a paper which people create, because to carry paper much easier than heavy gold and liquid oil. And it makes possibility of goods exchanges more simple. |
|
|
|
|
|
HiringYou
|
|
October 26, 2017, 01:47:54 PM |
|
Bubble is a situation when the price of some asset increases than its actual value due to a sudden increase in its demand.
But Bitcoin is not a bubble. The rise in it's price is real and genuine and if the price is too high then correction is always made to bring it down to a genuine price .So we cant compare it to a bubble .
|
|
|
|
|
|
dilshan1001 (OP)
|
|
October 27, 2017, 01:41:09 PM |
|
It's important to distinguish between coins like BTC and ETH, which are based on a blockchain platform, and tokens, which are typically applications built on a platform. Many tokens are created for ICOs (initial coin offerings) where they are sold as a way of raising funds for a business or project to move forward with development of an idea/new application. The idea of a crypto "bubble" could be applied to the ICO phenomenon as people are rushing in to buy these tokens without necessarily looking into the quality of the projects behind them. When you buy tokens through an ICO your are essentially investing in the business behind it. This means it is extremely speculative. If the business fails the token is worthless. I think you could describe the ICOs market as a "bubble" similar to the "dot.com" bubble in the 90s. There are many, many new tokens coming out but only a few of the projects behind them have legs and will last into the future. The others will go bust.
If you fear the crypto bubble then invest in BTC and ETH, or in stable and longstanding tokens that have real technology already developed (ripple, golem, sia)- though even these tokens might not be of value in the future... it is impossible to say. If you want to try to profit from the ICO craze then either research the projects thoroughly or just participate in free airdrops, which is something many new projects do as a way of drawing attention to what they are doing.
thank you for these information.. |
|
|
|
|
|
dilshan1001 (OP)
|
|
October 28, 2017, 01:00:29 PM |
|
Bubble is a situation when the price of some asset increases than its actual value due to a sudden increase in its demand.
But Bitcoin is not a bubble. The rise in it's price is real and genuine and if the price is too high then correction is always made to bring it down to a genuine price .So we cant compare it to a bubble .
yes sir i agree with you.. not these days but few years ago so many people says that.. thank you for these details. |
|
|
|
|
|
bitcad4u
|
|
October 28, 2017, 01:05:38 PM
Last edit: October 29, 2017, 04:13:43 PM by bitcad4u |
|
Bubble is a situation when the price of some asset increases than its actual value due to a sudden increase in its demand.
But Bitcoin is not a bubble. The rise in it's price is real and genuine and if the price is too high then correction is always made to bring it down to a genuine price .So we cant compare it to a bubble .
yes sir i agree with you.. not these days but few years ago so many people says that.. thank you for these details. Bitcoin is not a bubble and the rise in it's price is real and genuine and if the price is too high then correction is always made to bring it down to a genuine price .So we cant compare it to a bubble so The idea of a crypto "bubble" could be applied.Bitcoin is best compare to any other Crypto Currency. |
|
|
|
|
|
|Bitkoin|
|
|
October 28, 2017, 01:29:17 PM |
|
A bubble is when you have a currency or asset with an unlimited supply, or a supply that is able to change, and the people that are using it are buying to sell not to hold.
|
|
|
|
|
canaveralnonie
Full Member
Offline
Activity: 518
Merit: 111
Dota2
|
|
October 31, 2017, 07:19:31 PM |
|
Bubble is a situation when the price of some asset increases than its actual value due to a sudden increase in its demand.
But Bitcoin is not a bubble. The rise in it's price is real and genuine and if the price is too high then correction is always made to bring it down to a genuine price .So we cant compare it to a bubble .
yes sir i agree with you.. not these days but few years ago so many people says that.. thank you for these details. Bitcoin is not a bubble and the rise in it's price is real and genuine and if the price is too high then correction is always made to bring it down to a genuine price .So we cant compare it to a bubble so The idea of a crypto "bubble" could be applied.Bitcoin is best compare to any other Crypto Currency. I agree to you sir, that the Bitcoin is not a wasting bubble that is easy to disappear. In a sense of be lost to view/sight for an instant when comes on high position. Generally, bubble can amaze a lot of people by lifting up itself and fly high then after a while it will explode . |
|
|
|
|
Gradus728
Newbie
Offline
Activity: 44
Merit: 0
|
|
October 31, 2017, 07:31:33 PM |
|
An air-filled transparent ball, arising in a m. liquid, liquid mass. ---- that's what gave me the dictionary. But Bitcoin has absolutely nothing to do with it  |
|
|
|
|
|
zikabra
|
|
October 31, 2017, 07:39:09 PM |
|
Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?
I don't know why they said few years ago that bitcoin is bubble, but I get the picture now and I think bitcoin is becoming a bubble, but it is not yet in a bubble. Problem is people are investing money in bitcoin just because they've heard that they can earn and they are not using it as currency to actually buy things. This is creating bubble effect and at some point it will pop. What is bubble? Use google - http://www.investopedia.com/terms/b/bubble.asp. |
|
|
|
|
|
terrific
|
|
October 31, 2017, 07:46:41 PM |
|
Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it?
They are saying it because they can't believe that a cryptocurrency, a decentralized currency is having a big value for each of it's quantity. And that bubble is something that's manipulated by big people and that's why they keep on saying that bitcoin is a bubble but we are not in bubble. This is a very obvious thing that bitcoin is on the mainstream and it is getting a lot of demand from the people that want to invest on it. and what is the meaning of the bubble?
|
|
|
|
mosaicpropose
Newbie
Offline
Activity: 16
Merit: 0
|
|
October 31, 2017, 07:47:43 PM |
|
Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?
They probably mean that it's expanded a lot and gotten a lot of value quickly. |
|
|
|
|
|
CryptosapienZA
|
|
October 31, 2017, 08:09:17 PM |
|
Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?
Have you ever chewed bubble gum, then you blow air into it. The bubblegum makes a round formation. If you blow air too quick or the round formation becomes too large thus have weak walls and bursts? That is a bubble, that in turn burst. Markets behave in a similar fashion. Bubbles are normal. Any market goes through these cycles. Much like my bubblegum scenario, you never know when the bubble will burst. Yes, there are signs but noone knows for sure. |
|
|
|
|
|
zentdex
|
|
November 28, 2017, 07:04:49 AM |
|
Give me a chance to include by refering to a case identified with innovation which is the Internet Bubble. At the point when the Internet ends up plainly prevalent in the 90's organizations begin to contribute a great many dollars to sites, some are hurrying to purchase spaces and offer at a considerably more higher cost. At the point when the twentieth century arrives, organization ventures don't produce enough wage in this way sites together with the organization bankrupt one by one. Some eminent organizations survived like eBay and Amazon among others, however as should be obvious right now, those two organizations are driving
|
|
|
|
|
phucngungoc
Member
Offline
Activity: 294
Merit: 10
|
|
November 28, 2017, 07:08:06 AM |
|
Many people think bitcoin is a bubble. I also thought so, so funny. if bitcoin is bubble. I'm sure it did not last for 3 years. and no balloon exists for more than 3 months
|
|
|
|
|
vudeptraihpv
Member
Offline
Activity: 154
Merit: 10
|
|
November 28, 2017, 07:10:39 AM |
|
There are many who believe that bitcoin is a bubble, if bitcoin is really a bubble, I'm sure bitcoin is dead and can not survive until now. 1 bubble why are so many people investing.
|
|
|
|
|
|
Biscutard
|
|
November 28, 2017, 07:16:00 AM |
|
Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?
Basically a bubble is something that float like balloon that when you fill it with air, it goes up and that's what they meant to say. Meaning to say that Bitcoin is rising up and you know what happens when bubble goes up, it will going to explode and literally will going down again after it burst. |
|
|
|
|
Tomarsi
Newbie
Offline
Activity: 5
Merit: 0
|
|
November 28, 2017, 07:18:29 AM |
|
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.
Another characteristic of most bubbles is the line "this time is different"  |
|
|
|
|
Mr.Smithers
Member
Offline
Activity: 105
Merit: 10
|
|
November 28, 2017, 07:35:45 AM |
|
Few years ago some economic specialist says Bitcoin is a huge bubble.
why they said it? and what is the meaning of the bubble?
you can know it was a bubble only after it has popped. In case of Bitcoin it may not be a bubble, it just attracts more and more people and if it is truely used throughout the world as a medium of exchange its price is sustainable. But if it is a bubble, than one day you will hear a loud POP and the price of Bitcoin goes down to 100USD or even possibly 10cents |
|
|
|
|
|
