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Author Topic: 5 Reasons Bitcoin Is Not A Bubble  (Read 780 times)
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October 28, 2017, 02:12:57 PM
 #21

I've stated this multiple times before and I still  stand by my point of view. Bitcoin is not in a bubble (yet). I strongly agree with those three points you quoted. People who claim that bitcoin is too hype and speculation relient are wrong. Speculation is only a small portion of the reason why bitcoin is growing at this rate. The main reasons, in my opinion, are: scarcity (which results in no inflation) and a growing demand. That's why people often compare bitcoin to gold (I think the two shouldn't be compared in any way but the way how they create value has similarities).
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October 28, 2017, 02:16:54 PM
 #22

The main reason bitcoin is not mainstream yet is because his circulating supply doesn't show the real amount of bitcoins that are in circulation. there are about 4 Milliion lost bitcoins(Estimated), which means that the market cap is not 100M$ as it claims to be, it is much less then that.

Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.

Bitcoin future is very bright in my opinion.
 

Lost Bitcoins will not add value to Bitcoin because the missing Bitcoins are not on the market, so they do not create any transaction traffic.
I would say it does affect somehow on bitcoins price knowing that the lesser of the supply the more valuable it would be but would really depend on the demand of bitcoins.The more the higher of the price. Bitcoin isn't a bubble since its a thing that do really have real world usage and new payment innovations which most people do see that this would really be beneficial for their transactions and at the same time this thing do gives an opportunity for us to make money.
No matter how those economist do tell about bitcoin that its a fraud or bubble but yet those words wont really affect us.

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October 28, 2017, 02:25:06 PM
 #23

The main reason bitcoin is not mainstream yet is because his circulating supply doesn't show the real amount of bitcoins that are in circulation. there are about 4 Milliion lost bitcoins(Estimated), which means that the market cap is not 100M$ as it claims to be, it is much less then that.

Also, bitcoin hasn't gone mainstream yet, and once it goes the price will significantly increase, much more then the levels of 5000-6000$ at the moment.

Bitcoin future is very bright in my opinion.
 

beside that, only people which knew bitcoin will using bitcoin and if bitcoin is a bubble then only bitcoin user will know. people in out there don't know bitcoin as bubble but they only know that bitcoin is a scam things that they should avoid. but once many people is adopting bitcoin and bitcoin become to be mainstream then we can see bitcoin maybe become a bubble. i think in next year, we can see the price is increase higher and in that time, bitcoin will be one thing that people search to make money and we can see how much the aount of bitcoin that are in circulation.

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October 28, 2017, 06:59:38 PM
 #24

If a good number of people adopt Bitcoin and agree that it's money then it can be self-fulfilling prophecy, but this should be based on real rational expectations, Bitcoin as a store of value, unit of account, and medium of exchange, not merely a speculative vehicle which would end up in a self-fulfilling irrational speculative equilibrium which isn't good.

Bitcoin is dualistic in nature, as a currency and a commodity, it is good and bad, speculators make it a too volatile medium of exchange, but for widespread adoption and putting an end to bubble theory, Bitcoin needs to get adopted as a currency. Merchant adoption is the key.

Brilliant comment! Thanks for that!

Question. Might it be accurate to say everything said in your quote above applied to gold and precious metals in previous eras when gold and silver were commonly utilized as both speculative vehicles and currencies? I'm far from being an expert on volatility and trading history of precious metals. Would not be surprised to learn there are interesting analogies which might be drawn between the crypto of today and the gold/silver of past ages.

Also in regard to crypto volatility, it is possible we might eventually reach a saturation point where enough relative unknowns in crypto are quantified or eliminated for volatility to decrease by a significant proportion. Being near to the early adoption phase leaves room for growing pains but there could be a future era where the technology matures enough for the wild price fluctuations to become minimalized.

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October 28, 2017, 07:47:51 PM
 #25

Bitcoin is not a bubble. Because the bubble can explode and fly in a short time.
1. Bitcoin is a valuable currency.
2. Anyone who wants to own a bitcoin.
3. The profit of bitcoin is very high.
4. Bitcoin does not explode fast and does not go away.
5. All countries use and invest bitcoin.



I agree, bitcoin will not explode like money. because, bitcoin is not a bubble(likens creation continuous bitcoins, and effects from quantities, bitcoins have a fixed value , and not with circulation.(p) subtance), the creation bitcoin is fix, so bitcoin will not explode. but bitcoins have high fluctuating values, and large damaged values, because the nature of trading, monopoly with some one can happen, bitcoin is a subcurency created by minus from real money.

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October 31, 2017, 10:09:12 PM
 #26

Do we say bitcoin is a bubble given its time it has lasted on earth? 9 years ago, bitcoin emerged and since then it is still on and even greater performance. Is it a bubble when people's lives are being turned around financially from the benefits of bitcoin... ? Is it bubble when it has been forked and another fork around the corner.

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November 01, 2017, 02:40:43 AM
 #27

given projections in other markets and fiat currencies, i don't think we're in a bubble.

bitcoin will be a haven for people to store wealth and it'll continue.

stock market predictions are bad, and the major fiat currencies are in trouble with out-of-control spending.

precious metals will appreciate once the manipulation can't keep pace with other problems in the market. however, pms won't be rising massively like btc.
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November 30, 2017, 05:32:44 AM
 #28

I think it's not just a bubble. The number of people earns a lot in this trend and I'm one of the ones who prove that it's not just a bubble. The bitcoin hexadecimal makes money for money that wants to use scam using hype sites you can earn at first The current price of 1 bitcoin is at 10,000 USD. So many people will get rid of this high bit of 1 bitcoin today.
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November 30, 2017, 06:04:27 AM
 #29

bubble is a very far idea about bitcoin and I never experienced this bitcoin as a bubble in my life...because even in my first time here in bitcoin...I received right away a coin even in a small amount but at least I received even a small coin...and that is not a bubble because until now I am still earning.

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March 06, 2018, 02:42:34 AM
 #30

Quote
The digital currency bitcoin rallied by over 300 percent since the start of the year and has recently surpassed the $4,000 mark. Unsurprisingly, many financial markets pundits consider such a sharp rally the creation of an asset bubble.

In all fairness, the returns that bitcoin and its digital peers in the crypto assets space are experiencing have not been seen since the day and age of the internet bubble in the late 1990s. However, Bitcoin has very different fundamentals than early internet stocks and a much more promising growth trajectory.

Quote
1. The Growing Acceptance of Bitcoin as Legal Tender
One of Bitcoin’s biggest challenges so far has been acceptance by lawmakers and financial regulators due to its decentralized nature and its unfortunate association with criminal activities carried out on the dark web. However, Bitcoin’s “official” acceptance is on the rise.
 
In April 2017, Japan announced that it would officially begin accepting Bitcoin as a legal payment method, which immediately boosted the price of bitcoin and has led to a substantial increase in merchant adoption across Japan.
 
In the Philippines, citizens have been increasingly using Bitcoin to send and receive low-cost remittances. This has not gone unnoticed by the country’s central bank, which announced in February 2017 that it will regulate Bitcoin so that the digital currency can be used as an officially accepted remittance system and, thereby, granting it full legal status.
 
Countries such as Australia and Russia have recently made similar statements that could lead to Bitcoin becoming a fully accepted medium of exchange in their respective countries. This is a trend that is likely to continue, given the growing demand for Bitcoin as an investment as well as an online payment system.
 
2. Increasing Merchant Adoption
In the early years of Bitcoin, merchant adoption was limited to a few brave ecommerce stores, usually run by early-stage Bitcoin enthusiasts. This, however, has changed substantially as leading tech companies and ecommerce platforms have chosen to accept Bitcoin as a payment method. Microsoft, Rakuten and Overstock are three of the largest companies to accept Bitcoin payments.
 
With bitcoin’s sharp price rally, increased media coverage and newfound acceptance in places such as Japan, Bitcoin merchant adoption is on the rise and this trend will likely continue.
 
The arguments for online merchants to accept Bitcoin are actually very strong; fees are lower than for credit card payments, chargeback fraud is entirely eliminated, new customers can be reached in underbanked regions and a new, tech-savvy consumer base can be attracted.
 
The more that merchant adoption increases globally, the more there will be regular and stable demand for the digital currency. And given the current low rate of merchant adoption, there is a substantial room for upside.
 
3. Bitcoin Is Increasingly Acting as a Store of Wealth in Distressed Economies
Another reason why Bitcoin is most likely not a bubble is that is has a much-need real world application in economically distressed countries. In places such as Venezuela, Bolivia and Zimbabwe, for example, bitcoin has been acting as a store of wealth and as an alternative spending currency as local currencies are weakening into worthlessness. This can be witnessed by increasing bitcoin trading volumes that are negatively correlated with the performance of local currencies and economic growth in distressed regions.
 
Bitcoin also allows individuals and businesses in countries with strict capital controls, such as Venezuela, to receive much-needed remittances to stay financially afloat. In other words, wherever there is economic distress, Bitcoin demand will likely rise and Bitcoin adoption will grow.
 
4. Bitcoin Has Only Just Gone Mainstream
You could say that 2017 has been the year in which Bitcoin has finally gone mainstream. Five years ago, if you would have asked the average person on the street what Bitcoin is, they would have most likely given you a bewildered look. Today, most people have at least heard of Bitcoin and many even know that one bitcoin is worth more than an ounce of gold.
 
Now that Bitcoin has become mainstream, the buying potential from new investors is immense, especially as institutional investors have started to open up to the idea of investing in bitcoin and other digital currencies.
 
5. Bitcoin’s Supply Is Limited
Finally, one of the key reason why Bitcoin has become so valuable is that its increasing demand is met with a fixed limited supply.
 
Because of the way Bitcoin was created, only 21 million coins can ever be mined. Furthermore, the rate at which new coins are created slows down over time, which means the increasing demand for the digital currency is not only met with a limited total supply but also with a continuously slowing supply.
 
The discussion of whether Bitcoin is a bubble or not will likely continue indefinitely, but the comparison between Bitcoin and early internet stocks does not hold true due to the fundamental differences between the two asset classes.

*  *  *

As CoinTelegraph notes, countering no shortage of criticism from traditional financial circles that Bitcoin’s price had grown too quickly and would inevitably crash, the new-found faith in Bitcoin and its maturing as a medium of exchange has become apparent in its increasing resilience to ‘FUD’ or other bad news.

Mainstream forecasters now predict further upward momentum for prices, with TradingView eyeing a new all-time high of $6,800 for November despite the uncertainty surrounding the SegWit2x hard fork.

http://www.zerohedge.com/news/2017-10-26/bitcoin-spikes-back-6000-five-reasons-why-its-not-bubble

...

This is a good flipside to the "bitcoin is a bubble" stories the media has spammed us with since forever.

Another good case for bitcoin not being a bubble due to its high projected future growth can be found in this thread here:

https://bitcointalk.org/index.php?topic=2281270.msg23152743#msg23152743

I think the article above addresses some of the points economists and finance analysts have glossed over. Bitcoin's growth in relation to its fundamental metrics are what will likely determine whether bitcoin is a bubble. Thus far none of the experts have addressed that topic. There's zero acknowledgement made of bitcoin's adoption in countries like japan, the philippines, russia or australia and crypto's transition towards becoming more mainstream. No commentary on whether those effects on bitcoin's elevated price could be sustainable.

It is possible that we will never see anything resembling legitimate analysis of bitcoin from the media. They have a long history of sweeping relevent and key points under the nearest rug. Out of sight, out of mind. Over the long term this could create opportunities for independent media to rise if indeed nature abhors a vacuum.

Is bitcoin a bubble? What are everyones thoughts on this?   Huh
1.Btc is increasingly recognized as a legal billing tool
2.Btc is increasingly accepted by enterpreneurs
3.Btc has grown to become a safe haven in fragile economics
4.Btc only now gains popularity
5.The supply of btc is limited

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March 06, 2018, 03:07:46 AM
 #31

In my opinion, bitcoin is not a bubble because of the decentralized bitcoin that does not make the centralized banking system so its value can not be manipulated. Additionally, bitcoin supply is very limited and Bitcoin Market worldwide already has at least 80 percent of the amount of bitcoin supply. Also Bitcoin transactions are recorded in Blockchain so bitcoin is safe enough that it can not be manipulated. it's just some of the factors that cause that bitcoin is not a bubble.

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March 06, 2018, 03:49:50 AM
 #32

Quote
The digital currency bitcoin rallied by over 300 percent since the start of the year and has recently surpassed the $4,000 mark. Unsurprisingly, many financial markets pundits consider such a sharp rally the creation of an asset bubble.

In all fairness, the returns that bitcoin and its digital peers in the crypto assets space are experiencing have not been seen since the day and age of the internet bubble in the late 1990s. However, Bitcoin has very different fundamentals than early internet stocks and a much more promising growth trajectory.

Quote
1. The Growing Acceptance of Bitcoin as Legal Tender
One of Bitcoin’s biggest challenges so far has been acceptance by lawmakers and financial regulators due to its decentralized nature and its unfortunate association with criminal activities carried out on the dark web. However, Bitcoin’s “official” acceptance is on the rise.
 
In April 2017, Japan announced that it would officially begin accepting Bitcoin as a legal payment method, which immediately boosted the price of bitcoin and has led to a substantial increase in merchant adoption across Japan.
 
In the Philippines, citizens have been increasingly using Bitcoin to send and receive low-cost remittances. This has not gone unnoticed by the country’s central bank, which announced in February 2017 that it will regulate Bitcoin so that the digital currency can be used as an officially accepted remittance system and, thereby, granting it full legal status.
 
Countries such as Australia and Russia have recently made similar statements that could lead to Bitcoin becoming a fully accepted medium of exchange in their respective countries. This is a trend that is likely to continue, given the growing demand for Bitcoin as an investment as well as an online payment system.
 
2. Increasing Merchant Adoption
In the early years of Bitcoin, merchant adoption was limited to a few brave ecommerce stores, usually run by early-stage Bitcoin enthusiasts. This, however, has changed substantially as leading tech companies and ecommerce platforms have chosen to accept Bitcoin as a payment method. Microsoft, Rakuten and Overstock are three of the largest companies to accept Bitcoin payments.
 
With bitcoin’s sharp price rally, increased media coverage and newfound acceptance in places such as Japan, Bitcoin merchant adoption is on the rise and this trend will likely continue.
 
The arguments for online merchants to accept Bitcoin are actually very strong; fees are lower than for credit card payments, chargeback fraud is entirely eliminated, new customers can be reached in underbanked regions and a new, tech-savvy consumer base can be attracted.
 
The more that merchant adoption increases globally, the more there will be regular and stable demand for the digital currency. And given the current low rate of merchant adoption, there is a substantial room for upside.
 
3. Bitcoin Is Increasingly Acting as a Store of Wealth in Distressed Economies
Another reason why Bitcoin is most likely not a bubble is that is has a much-need real world application in economically distressed countries. In places such as Venezuela, Bolivia and Zimbabwe, for example, bitcoin has been acting as a store of wealth and as an alternative spending currency as local currencies are weakening into worthlessness. This can be witnessed by increasing bitcoin trading volumes that are negatively correlated with the performance of local currencies and economic growth in distressed regions.
 
Bitcoin also allows individuals and businesses in countries with strict capital controls, such as Venezuela, to receive much-needed remittances to stay financially afloat. In other words, wherever there is economic distress, Bitcoin demand will likely rise and Bitcoin adoption will grow.
 
4. Bitcoin Has Only Just Gone Mainstream
You could say that 2017 has been the year in which Bitcoin has finally gone mainstream. Five years ago, if you would have asked the average person on the street what Bitcoin is, they would have most likely given you a bewildered look. Today, most people have at least heard of Bitcoin and many even know that one bitcoin is worth more than an ounce of gold.
 
Now that Bitcoin has become mainstream, the buying potential from new investors is immense, especially as institutional investors have started to open up to the idea of investing in bitcoin and other digital currencies.
 
5. Bitcoin’s Supply Is Limited
Finally, one of the key reason why Bitcoin has become so valuable is that its increasing demand is met with a fixed limited supply.
 
Because of the way Bitcoin was created, only 21 million coins can ever be mined. Furthermore, the rate at which new coins are created slows down over time, which means the increasing demand for the digital currency is not only met with a limited total supply but also with a continuously slowing supply.
 
The discussion of whether Bitcoin is a bubble or not will likely continue indefinitely, but the comparison between Bitcoin and early internet stocks does not hold true due to the fundamental differences between the two asset classes.

*  *  *

As CoinTelegraph notes, countering no shortage of criticism from traditional financial circles that Bitcoin’s price had grown too quickly and would inevitably crash, the new-found faith in Bitcoin and its maturing as a medium of exchange has become apparent in its increasing resilience to ‘FUD’ or other bad news.

Mainstream forecasters now predict further upward momentum for prices, with TradingView eyeing a new all-time high of $6,800 for November despite the uncertainty surrounding the SegWit2x hard fork.

http://www.zerohedge.com/news/2017-10-26/bitcoin-spikes-back-6000-five-reasons-why-its-not-bubble

...

This is a good flipside to the "bitcoin is a bubble" stories the media has spammed us with since forever.

Another good case for bitcoin not being a bubble due to its high projected future growth can be found in this thread here:

https://bitcointalk.org/index.php?topic=2281270.msg23152743#msg23152743

I think the article above addresses some of the points economists and finance analysts have glossed over. Bitcoin's growth in relation to its fundamental metrics are what will likely determine whether bitcoin is a bubble. Thus far none of the experts have addressed that topic. There's zero acknowledgement made of bitcoin's adoption in countries like japan, the philippines, russia or australia and crypto's transition towards becoming more mainstream. No commentary on whether those effects on bitcoin's elevated price could be sustainable.

It is possible that we will never see anything resembling legitimate analysis of bitcoin from the media. They have a long history of sweeping relevent and key points under the nearest rug. Out of sight, out of mind. Over the long term this could create opportunities for independent media to rise if indeed nature abhors a vacuum.

Is bitcoin a bubble? What are everyones thoughts on this?   Huh
What really prove that bitcoin is not a bubble is the time it spent on the market. For almost 9 years in the market, bitcoin reaches an unbelievable milestone after being the universal cryptocurrency due to its flexibility. If bitcoin is really a bubble it should have popped a couple of years ago as the total value of bitcoin around the world costs million of dollars.
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March 06, 2018, 05:40:17 AM
 #33

Bubble or not, it really depends on how you define the bubble. Some people think that BTC will hit $0 and only that can be considered a bubble burst for them. While for me personally I think the price will continue be volatile for a while, eventually stabilized. I dont think it will be a bubble.
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March 06, 2018, 05:55:31 AM
 #34

Many people and media keep saying bitcoin is a bubble and it is going to burst but I never see the burst yet and the price crash occurs for many reasons mainly it is manipulated by the whales so they are the one who will say it is a bubble when the price going up and they will act accordingly to decrease the price so all people will lose their profit and whales wins so we need to hold our coins when the price falling.

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April 17, 2018, 07:27:28 AM
 #35

I agree with you, bro. I don't think bitcoin is a bubble. It's kind of like gold in physic world to me. If everyone view gold as a format of property, then it's a property. So as bitcoin.
I do not think also that bitcoin is a bubble, instead we can compare it to a gold. As valuabe as a gold but unlike the gold it does not have a fixed value. There are lots of investors now and users of bitcoin that make it more in demand. So how can this type of coin disappear?
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April 17, 2018, 08:17:05 AM
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 #36

Bitcoin is not a bubble. This is evolution and not so much money as production relations. Because it can not be that the world has become global, and money has remained archaically local - in terms of transparency, misalignment, difficult transaction control and too slow rates of their movement. Crypto currency has appeared just in time - as an adequate response to the challenge of civilization.

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semobo
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April 17, 2018, 08:20:08 AM
 #37

I think it's not just a bubble. The number of people earns a lot in this trend and I'm one of the ones who prove that it's not just a bubble. The bitcoin hexadecimal makes money for money that wants to use scam using hype sites you can earn at first The current price of 1 bitcoin is at 10,000 USD. So many people will get rid of this high bit of 1 bitcoin today.
I don't understand your reason for saying bitcoin is not a bubble.But I am also saying that it is not a bubble because the price is not controllimg by anyone so it all depends on the market situation if it has demand the price will be higher or it will be lower very simple concept.

Nana1
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April 17, 2018, 08:42:13 AM
 #38

I beg to differ. Bitcoin price is highly volatile and that alone makes it a bubble.
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April 17, 2018, 08:45:27 AM
 #39

Only those who do not understand BTC say BTC is a bubble!

BTC is the most successful application of block chain technology!

In the future, digital cryptographic currencies are likely to change the structure of global financial assets.

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April 17, 2018, 09:16:14 AM
 #40

Good thing a thread about bitcoin is not a bubble my eyes got hurt from seeing tons of threads about the Bitcoin bubble Fud's repeated over and over again, It is still in a beta phase adoption in my opinion there's a lot of room for the potentials and improvement that we may yet to see in the future, those people have the universal habits of concluding to something just because it drops or there is a negative news about cryptocurrency it doesn't mean it defines the whole being of the coin.

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