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Author Topic: Bitcoin Bubble Yes / No  (Read 966 times)
hugeblack
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October 27, 2017, 11:57:25 AM
 #1

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive  bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now  largest companies  accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.


Some Reasons why Bitcoin IS  Bubble

Warren Buffett say

Quote
"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

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October 27, 2017, 12:02:41 PM
 #2

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive  bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now  largest companies  accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.


Some Reasons why Bitcoin IS  Bubble

Warren Buffett say

Quote
"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

My take on it is that bitcoin is a bubble just like any other currency, it is not backed by anything except for expectations, however the bubble is very very hard to burst, it takes some major failure for peoples expectations to change to zero. The dollar isn't a value producing asset either, its only value is to facilitate transactions, much like bitcoin.

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October 27, 2017, 12:14:27 PM
 #3

Hmmmm im no sure about this one.
It depends on the definition of a bubble.
Anything in life can be in a bubble, property, stock market, trading cards, collectibles, cars,
And all of the above have been in bubbles at some point.
The only thing about crypto is obviously there is nothing physical so it is easier to call it a bubble

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October 27, 2017, 11:24:33 PM
 #4

Based on my own understanding about the definition of  bubble is that everything has an end, everything will be vanish. Everything that we had will not stay forever. Like what we have now, at some point everything will be lost. Like bitcoin we all know that bitcoin will not be permanent time comes that it will last but as long as bitcoin help as we should treasure everything coz we know in our life that bitcoin change many things, it help us to have an extra income for better life. It helps those person who have nothing. It give chances to others to have a better future.

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October 27, 2017, 11:35:10 PM
 #5

Based on my own understanding about the definition of  bubble is that everything has an end, everything will be vanish. Everything that we had will not stay forever. Like what we have now, at some point everything will be lost. Like bitcoin we all know that bitcoin will not be permanent time comes that it will last but as long as bitcoin help as we should treasure everything coz we know in our life that bitcoin change many things, it help us to have an extra income for better life. It helps those person who have nothing. It give chances to others to have a better future.


I think the general notion of a bubble is something that can burst, but it's very possible that it can come back to reality. With the dot com crash in 1999, there was a bubble in terms of the amounts of companies that were given a lost of money and were told to grow to the size of Microsoft. Out of that, many companies failed, yes, but a few did survive and they are doing well now. Currently, the stock market is doing alright because of the lack of steady additions of companies.

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October 27, 2017, 11:43:29 PM
 #6

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive  bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now  largest companies  accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.


Some Reasons why Bitcoin IS  Bubble

Warren Buffett say

Quote
"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

I believe, bitcoin is not entirely a bubble. It certainly shows some characteristic of a bubble to the mass, however, if you calculate the investments running behind it, will clear the doubt. First of all bitcoin is treated as currency to a major chunk of investors. It is just a store of value for them. They see profit in it and investing in it. The acceptability is still an issue you will hardly see any merchant accepting bitcoin. So bitcoin is a great investment asset to many people which makes it a strong crypto and not a mare bubble.

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October 27, 2017, 11:54:31 PM
 #7

Warren Buffett said "You can’t value bitcoin because it’s not a value-producing asset." and he is very smart investor. But in my opinion it depends on bitcoin's future. If more retailers will accept bitcoin then it is not a bubble because you will be able to buy something for bitcoins.
The second possibility is that bitcoin won't be accepted by more retailers and even stop by some goverments or something else. Then we will be able to say that the blockchain was a pretty dream.
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October 27, 2017, 11:58:32 PM
 #8

All the OP's listed factors have nothing to do with whether it's in a bubble or not. It can have the same things whether the price is soaring or in the toilet.

A bubble is a rapid escalation in price followed by a contraction. It's very possible the price could fall back to $3000 or less. It's pretty much had an unbridled run up to beyond $6000. Let's wait and see but I wouldn't be surprised if it falls a lengthy way from here for a while at least.

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October 28, 2017, 01:23:28 AM
 #9

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive  bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now  largest companies  accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.


Some Reasons why Bitcoin IS  Bubble

Warren Buffett say

Quote
"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

The reasons you give are really accurate, but we can not be negative, in part, bitcoin is like a bubble when bitcoin users get a profit, and that profit originated from later arrivals.

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October 28, 2017, 01:35:10 AM
 #10

Based on my own understanding about the definition of  bubble is that everything has an end, everything will be vanish. Everything that we had will not stay forever. Like what we have now, at some point everything will be lost. Like bitcoin we all know that bitcoin will not be permanent time comes that it will last but as long as bitcoin help as we should treasure everything coz we know in our life that bitcoin change many things, it help us to have an extra income for better life. It helps those person who have nothing. It give chances to others to have a better future.


I think the general notion of a bubble is something that can burst, but it's very possible that it can come back to reality. With the dot com crash in 1999, there was a bubble in terms of the amounts of companies that were given a lost of money and were told to grow to the size of Microsoft. Out of that, many companies failed, yes, but a few did survive and they are doing well now. Currently, the stock market is doing alright because of the lack of steady additions of companies.

I like the above comments in general. Bitcoin -  bubble or not, has continue to influence the daily life of so many people already. It touches lives in so many ways that you can't imagine that a digital currency can do to the way of living of an ordinary person or to how people think towards things.

Let's just enjoy this era of being in the digital world, that everything is possible. We just need to be grateful what the digital technology brings to our table.

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October 28, 2017, 01:42:02 AM
 #11

In my opinion, Bitcoin Bubble: Yes. Speculators make price increasing day by day. 6 months of 2017 from May, the price increasing, maybe of this reason
https://www.cryptocoinsnews.com/6-factors-pushing-bitcoin-price-2017/
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October 28, 2017, 04:26:50 AM
 #12

It's not value producing asset then what do you call USD and some national currency and fiat moneys? is that also a piece of paper that is useless and not producing asset? barter trade and some traditional trades is not common practice because the goods and raw materials can be rotten by the time that's why they come up with the currencies or money it just like them without physical representation. Now is bitcoin a bubble? maybe in the future but not today.

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October 28, 2017, 04:32:20 AM
 #13

People often criticize what they do not understand. Is bitcoin a bubble? I would say no, because there is an actual product that is deemed valuable, albeit, by the minority. No amount of calling it names, regulation etc will stop the upward trend, at least for now.

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October 28, 2017, 05:06:01 AM
 #14

None of these can be reasons why Bitcoin isn't a bubble because none of these are characteristics that can stop a bubble.

An investment bubble can absolutely apply to legal tender

Merchant adoption (any adoption) is one of the key drivers of a bubble, the more people who want something the more the price rises.

Bitcoin supply, scarcity, helps drive adoption or demand.

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive  bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now  largest companies  accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.


Some Reasons why Bitcoin IS  Bubble

Warren Buffett say

Quote
"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

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October 28, 2017, 05:27:16 AM
 #15

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive  bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now  largest companies  accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.


Some Reasons why Bitcoin IS  Bubble

Warren Buffett say

Quote
"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

acceptance of bitcoin on some many country for now is a indication of bitcoin is not a bubble, so many people are relying in this bitcoin now, i think the assets that Warren Buffett mentioning are the assets that supporting bitcoin (like big shares company) which bitcoin not have. Warren Buffett didnt realize that the assets of this bitcoin is US who continue support bitcoin what ever it takes in the future. that was only my opinion.
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October 28, 2017, 09:22:08 PM
 #16

Warren Buffett say

Quote
"You can’t value bitcoin because it’s not a value-producing asset."

If it is true that "non-value producting assets" can't be priced, one might wonder how precious metals like gold or silver are priced. Price relative to earnings (P/E ratio) is commonly cited as the most valuable pricing metric in equities trading. It would be interesting to know what the best pricing method for precious metals has been for a historical perspective. That could be a topic to research.

I like Buffett's comment, its a very good point. Buffett has made interesting comments on gold in the past.


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October 28, 2017, 09:28:02 PM
 #17

None of those reasons you gave matter; bitcoin could still very much be in a
bubble.  Especially the legal tender part.  That's completely irrelevant.  Do you
think that and the other points are any sort of guarantee that the price won't
crash back to $1000 or lower tomorrow?  I would say 'no'.

It's very common with asset inflation bubbles that people come up with all
sorts of reasons as to why a particular asset isn't in a bubble.  Then it pops,
and everyone realizes (with 20/20 hindsight) that they were wrong.  And I hope
I'm wrong.  I'd love some slow, steady growth all the way up to $100K.
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October 28, 2017, 09:34:30 PM
 #18

Some Reasons why Bitcoin IS not Bubble

1)Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive  bitcoin in low-cost ,.......

2)Merchant Adoption early years was limited but now  largest companies  accepted Bitcoin .

3)Bitcoin Supply is Limited only 21 million coins.


Some Reasons why Bitcoin IS  Bubble

Warren Buffett say

Quote
"You can’t value bitcoin because it’s not a value-producing asset."

Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/
Warren Buffett say
Quote
"You can’t value bitcoin because it’s not a value-producing asset."

So does our currency before because when you look at it it's just literally a piece of special paper with some drawings and pictures of it. People keep on supporting bitcoin because they/we see that it has a  potentials just like with our money now. That's why bitcoin value is growing and increasing.
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October 28, 2017, 09:42:23 PM
 #19

what are the merchant websites support bitcoin payment ?

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October 29, 2017, 02:34:25 PM
 #20

Itnis likely a bubble but i don't see that bubble popping anytime soon. It's probably going to take years before that happens and between now and that time, it would have made a lot of difference is people's lives and may even find itself stabilizing.

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