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Phalo
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November 16, 2017, 08:53:23 PM |
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First it was tulips. More recently it was tech stocks and then the housing market. Lately, it’s all about bitcoin.
All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on what’s in store for bitcoin.
The real question is, what the hek are you doing in this forum? Bubble or no bubble, if you don't want to lose your money or are not interested in the bitcoin tech, then this forum is not for you. Bubble or no bubble, the blockchain tech is here to stay. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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serjent05
Legendary
 Offline
Activity: 2828
Merit: 1253
Cashback 15%
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November 16, 2017, 08:57:14 PM |
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First it was tulips. More recently it was tech stocks and then the housing market. Lately, it’s all about bitcoin.
All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on what’s in store for bitcoin.
The real question is, what the hek are you doing in this forum? Bubble or no bubble, if you don't want to lose your money or are not interested in the bitcoin tech, then this forum is not for you. Bubble or no bubble, the blockchain tech is here to stay. Probably he is not sure himself if Bitcoin is really a bubble so he wanted to know the reaction of people who involved themselves in Bitcoin. Everyone have different perspective so it is best to get the idea of people inside and outside of Bitcoin economy. I do believe Bitcoin is some kind of bubble but only the smart one can get away with profit from this stuff. So I guess instead of worrying when it will burst, better to take advantage of opportunities it offers and get profit and earnings. |
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panju1
Legendary
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Activity: 1246
Merit: 1000
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November 16, 2017, 09:04:59 PM |
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First it was tulips. More recently it was tech stocks and then the housing market. Lately, it’s all about bitcoin.
All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on what’s in store for bitcoin.
If you look at tech stocks, Apple and Amazon rule the world today. The housing market crashed in 2008, but it has recovered. The price of houses are probably higher today than in 2008. So even if so called pundits agree it is a bubble, holding for the long haul may pay off. |
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SaShiRaJaVu
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November 16, 2017, 09:34:09 PM |
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If you look at tech stocks, Apple and Amazon rule the world today. The housing market crashed in 2008, but it has recovered. The price of houses are probably higher today than in 2008. So even if so called pundits agree it is a bubble, holding for the long haul may pay off.
When ever the price of any commodity rises too fast,it is called a bubble and not everything what these pundits say wont end up being the truth,the price of bitcoin is really volatile and whales can manipulate the price and speculation is driving the price to new boundaries and only time will tell whether it was a bubble .  |
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Alns
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November 16, 2017, 09:56:07 PM |
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Bitcoin is still a baby, nearly more than 2% of the total population knows what bitcoin is.
If you are on a group of 10 people, just try to ask to all of them if they know what bitcoin is, of course that nobody is going to reply because you are probably the only one who knows what it is.
But it is obviously that it is bubble, and it is a giant one, only that we dont know if it is ever going to explode, or if it's going to explode soon.
But it is still a good moment to buy some bitcoins if you still want to keep increasing your money for some months.
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aardvark15
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November 16, 2017, 10:05:02 PM |
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First it was tulips. More recently it was tech stocks and then the housing market. Lately, it’s all about bitcoin.
All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on what’s in store for bitcoin.
Bitcoin could be in a bubble but no one knows for sure. This is cutting edge technology that is not even mainstream yet so it may just be breaking out into the mainstream investors. We also have to consider the deflationary design of Bitcoin. It’s not like a fiat currency that a government can print at will. Rather it’s a scarce commodity with a fixed limit to the supply that is harder to mine as time goes on. Basically it’s designed to be harder to get over time which should be making the price increase. |
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eminemcookie
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November 16, 2017, 10:06:30 PM |
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First it was tulips. More recently it was tech stocks and then the housing market. Lately, it’s all about bitcoin.
All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on what’s in store for bitcoin.
The unfortunate thing that may happen to bitcoin is that it is not really supported by something physical and for that reason could be a way bigger bubble. Houses, stocks etc all generate revenue in some way themselves so have some level of inherent value whereas simply owning bitcoin does not make you money other than via price increases. |
GIGZI INDEPENDENT WEALTH MANAGEMENT Crowdsale Starts on 23rd November 2018 |
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Hydrogen
Legendary
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Activity: 2562
Merit: 1441
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November 16, 2017, 10:59:51 PM |
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Most analysts seem to compare bitcoin to the performance of stocks. The breakdown in their formula may be that: bitcoin is not a stock. A stock with bitcoin's growth may be a bubble, but bitcoin can't be classified as a stock. Apples and oranges.
I think bitcoin is in uncharted waters. Unknown territory. No one knows if bitcoin is a bubble or not. If they knew for certain they would invest money and profit from it. Whatever people say about bitcoin being a bubble, there aren't many who have the confidence in their prediction to bet on it with real money.
When Jamie Dimon invests $2 million of his own money to short the "bitcoin bubble", I might take notice. I wouldn't mind if every "bitcoin is a bubble" analyst shorted btc. That could be interesting.
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dogandogru
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November 21, 2017, 10:05:04 PM |
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Many experts and investors do believe that BITCOIN is the largest monetary bubble of our times. But I believe that it is a vague statement, all prior frauds like tulips, housing market, or tech stocksare made by a company or person where as BTC is in control of many people called miners, investors etc all around the world. This made BTC people's currency and hence frauds can't done.
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Rinder
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November 23, 2017, 11:47:48 PM |
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You cant compare bitcoin with tulips or any other cenario, sure bitcoin has raised a lot and very fast into the last 10 months, but we can see there is a big support under bitcoin, big miners, a lot companies wich manage fortunes are investing into bitcoin, Japan legalization, China allowing bitcoin and ICO, soo all of this back the price, i wouldnt be surprised if the price fall back to 6000 dollars, but looks like more countries are trying to find a way to follow Japan and legalize bitcoin.
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filharvey
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November 23, 2017, 11:51:25 PM
Last edit: November 25, 2017, 04:39:42 AM by filharvey |
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We term an increase of a stock or asset as a bubble when its price increases tremendously much more than its real worth value.But we actually don't know what's the real value of bitcoin so that to decide that bitcoin too is a bubble.I any body knows the real value which is of worth for bitcoin,please state it here.Bitcoin is delivering some unique features to its users for what it has gained this much support from the users which has lead to the increasing demand and price for bitcoin.
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Xenrise
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November 23, 2017, 11:54:29 PM |
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What do you mean bubble? Do you mean as in the conotative speaking of bubble? Well, I doubt that bitcoin would be a dramatic bubble. It will not disappear just like you think its is.
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filharvey
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November 25, 2017, 04:36:35 AM |
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We term an increase of a stock or asset as a bubble when its price increases tremendously much more than its real worth value.But we actually don't know what's the real value of bitcoin so that to decide that bitcoin too is a bubble.I any body knows the real value which is of worth for bitcoin,please state it here.Bitcoin is delivering some unique features to its users for what it has gained this much support from the users which has lead to the increasing demand and price for bitcoin.
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Mpamaegbu
Legendary
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Activity: 2674
Merit: 1208
Once a man, twice a child!
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November 25, 2017, 04:53:51 AM |
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First it was tulips. More recently it was tech stocks and then the housing market. Lately, it’s all about bitcoin.
All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on what’s in store for bitcoin.
Lol...Another bitcoin bashing, a failed attempt if you asked me. Believe me, most of these people bashing bitcoin still hold it in their wallet. So, bitcoin becomes a bubble? Do you know how many companies that are queuing into the blockchain technology on daily basis? And you think bitcoin and cryptocurrency will fizzle out? I doubt. Cryptocurrency is trying to square up with forex trading in market capitalization as it is now. It may even surpass forex by 2018. |
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Argoo
Full Member
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Activity: 2254
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November 25, 2017, 07:39:20 AM |
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Almost all money is a bubble. Bright evidence of this is inflation. That is, the bubble is inflated, and the inflation rate shows how much money really costs. So why raise this topic with a crypto currency, when all the money is a bubble. If people refuse to invest in the crypto currency and support it, of course, then it will lose its value. However, it is not directly affected by the state, as is the case with conventional paper money.
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