Coollikethat (OP)
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November 30, 2017, 07:23:43 PM |
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This awesome article puts everything into perspective. The main stream media is lost. The Asymmetry Of Bubbles: The Status Quo And Bitcoin http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoinDo the bubbles in bonds, stocks and real estate get the same scrutiny as the bubble in cryptos? Do any of the conventional critics deriding the bubble in bitcoin bother comparing the scale of all these bubbles? So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all? (Approximately $300 trillion in global financial assets and $200 trillion in real estate.) Me thinks that the money from those bubbles will flow into Crypto!
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aintnopassincraze
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November 30, 2017, 07:34:09 PM |
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This awesome article puts everything into perspective. The main stream media is lost. The Asymmetry Of Bubbles: The Status Quo And Bitcoin http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoinDo the bubbles in bonds, stocks and real estate get the same scrutiny as the bubble in cryptos? Do any of the conventional critics deriding the bubble in bitcoin bother comparing the scale of all these bubbles? So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all? (Approximately $300 trillion in global financial assets and $200 trillion in real estate.) Me thinks that the money from those bubbles will flow into Crypto! It is quite hypocritical what they say but that is the media and you should always take their words with a grain of salt. Btw you know why people are making such a big deal of this right? it is because sooo many jobs and industries will be threatened in the coming 5, 10, 25 years the biggest of which is the financial industry. They can see the threat with their eyes and they are shaking in their boots, that is the only reason they care so much! Think about it if they didn't care or didn't think bitcoin could become anything they wouldn't discuss it they wouldn't give it a thought. But because bitcoin is threatening the very foundation on which these people live and work (not to mention old people handle change bad) they are scared and that is why they are bad mouthing bitcoin!
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bill gator
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November 30, 2017, 07:54:05 PM |
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They're projecting the flaws of their own system onto ours. People might try to claim the price movement of bitcoin is indicative of a bubble, however we don't experience the same downward trends that these bubbles cause. Price moves, but the bubbles they're afraid of come from the corruption of the financial institutions and governments attached to them (for the most part), which we've done away with.
They're out of touch and already got left behind; cognitive dissonance at it's best.
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scottykarate
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November 30, 2017, 08:00:58 PM |
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They're all quite content in their own little world where they can manipulate things to their liking, not having to learn new skills and bad-mouthing what they don't understand. All of the bubble-FUD folks, that is. One mocks what one doesn't understand and shouts loud when scared. This seems to be happening and will definitely continue until the institutional money starts flowing in and this becomes more mainstream.
Let them live in their own bubble!
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wantjokull
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November 30, 2017, 08:04:49 PM |
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Whenever there is expensive stuff and the competition then there will always be a bubble. This is one star ugh truth about the world. The bubbles are not there already but they will be created soon after the thing gets publicised and people start getting to know it in broader perspective. I think bitcoin or any other crypto related to blockchain has got this status of bubbles due to its long lasted economy after being operated as decentralise currency and that is too over the virtual basis.
Now tell me why that’s not a wonder blunder and anyone can think that 10k or 11k or whatever it is going right now, is all the bubble.
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carlowell
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November 30, 2017, 08:05:06 PM |
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Some celebrities were tagging Bitcoin and Crypto-Currencies are bubble because they're envy of the earlier investors. They thought they supposed to invest earlier like early investors in order to collect coins and hold it while in the middle of the bubble. They loosy bluffing kids.
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hacker1001101001
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November 30, 2017, 08:13:08 PM |
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This awesome article puts everything into perspective. The main stream media is lost. The Asymmetry Of Bubbles: The Status Quo And Bitcoin http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoinDo the bubbles in bonds, stocks and real estate get the same scrutiny as the bubble in cryptos? Do any of the conventional critics deriding the bubble in bitcoin bother comparing the scale of all these bubbles? So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all? (Approximately $300 trillion in global financial assets and $200 trillion in real estate.) Me thinks that the money from those bubbles will flow into Crypto! I think all that money goes in the main peoples profit and bitcoin is a very big currency and anyone can invest in it or hold it for large time this gives this individuals a good chance of hiding there money but it all about the high value of bitcoin it is always increasing it can some time decrease but it has a capacity to recover itself very fast.
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Coollikethat (OP)
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November 30, 2017, 08:39:56 PM |
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The worst bubble of all is fiat currency / the US dollar especially. When that bubble burst, and it will sooner or latter, they will all run to decentralized money. We are going to become extremely wealthy!
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d5000
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November 30, 2017, 08:57:41 PM |
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So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all?
Many financial assets are currently in a bubble. That does not mean that Bitcoin is not in a bubble. Do you know the real cost of a Bitcoin transaction? Hint: For now, it's almost 95% subsidized by miners because they still manage to make profit. But ... is this sustainable? Bitcoin is huge, Bitcoin is the biggest innovation of the last two decades. But technically it's still in its infancy. If only every US citizen bought Bitcoin now and stored it in his/her wallet, do you know how long they would have to wait until everyone had his coins confirmed?* (Because of this fact, I think that a second "Gox" is possible without problems, because 90% of all "investors" have their coins on exchanges, I'm sure.) *about 1,5 years
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alt-fire
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November 30, 2017, 09:03:29 PM |
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who will benefit if bitcoin turns out to be a bubble? anyone! it's a chicken that carries golden eggs. say about the bubble those who want to collapse the course and buy cheaper
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aso118
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November 30, 2017, 09:06:57 PM |
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This awesome article puts everything into perspective. The main stream media is lost. The Asymmetry Of Bubbles: The Status Quo And Bitcoin http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoinDo the bubbles in bonds, stocks and real estate get the same scrutiny as the bubble in cryptos? Do any of the conventional critics deriding the bubble in bitcoin bother comparing the scale of all these bubbles? So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all? (Approximately $300 trillion in global financial assets and $200 trillion in real estate.) Me thinks that the money from those bubbles will flow into Crypto! People look at the percentage increase, not the absolute market cap of the cryptocurrencies. The quantitative easing carried out by central banks has inflated all asset classes. Bitcoin has attracted an outsize attention. When the crash happens, most asset classes will go down, not just Bitcoin.
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ezbreezy08
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November 30, 2017, 09:08:32 PM |
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No, it's not a bubble it's a mass adoption people are egaging to bitcoin, but most of the time i see in facebook that they are in hype of bitcoin so newbie are encourage to buy bitcoin.
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Coollikethat (OP)
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November 30, 2017, 09:27:37 PM |
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So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all?
Many financial assets are currently in a bubble. That does not mean that Bitcoin is not in a bubble. Do you know the real cost of a Bitcoin transaction? Hint: For now, it's almost 95% subsidized by miners because they still manage to make profit. But ... is this sustainable? Bitcoin is huge, Bitcoin is the biggest innovation of the last two decades. But technically it's still in its infancy. If only every US citizen bought Bitcoin now and stored it in his/her wallet, do you know how long they would have to wait until everyone had his coins confirmed?* (Because of this fact, I think that a second "Gox" is possible without problems, because 90% of all "investors" have their coins on exchanges, I'm sure.) *about 1,5 yearsYou are so right. That is why i think sooner or later bitcoin will be supplanted by something else. Maybe Ethereum, maybe one of these ICO's that got hundreds of millions of dollar to work with. While they currently have their problems, Tezos is sitting on $500m in working capital and rising.
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Walrus1
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November 30, 2017, 09:48:46 PM |
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Yeah, all this talk of a bubble could be right. A lot of speculation in Bitcoin. A bit of hysteria and critics getting shouted down. I hope it's not a bubble but it's possible, we will certainly find out.
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tdrinker
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November 30, 2017, 09:53:37 PM |
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This awesome article puts everything into perspective. The main stream media is lost. The Asymmetry Of Bubbles: The Status Quo And Bitcoin http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoinDo the bubbles in bonds, stocks and real estate get the same scrutiny as the bubble in cryptos? Do any of the conventional critics deriding the bubble in bitcoin bother comparing the scale of all these bubbles? So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all? (Approximately $300 trillion in global financial assets and $200 trillion in real estate.) Me thinks that the money from those bubbles will flow into Crypto! You hinted on half of the issue with the media, they report what the successful guys of wall street say and of course many of them say bitcoin is a bubble because they're already sitting pretty and bitcoin is a competitor. It's easy for them to take attention away from their own bubbles and divert it towards bitcoin.
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Walrus1
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November 30, 2017, 11:18:55 PM |
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I don't look at Bitcoin as competition to the market. It's another vehicle to try to make money on but it's a completely different beast from earnings reports, P/E and other guidance we use to measure stock. What's wrong with speculating Bitcoin may be a bubble. I think the market is in a bubble and due for a correction. It's been a nine year bull market. Law of averages says it gotta go at sometime. I plan on keeping my stocks, real estate, gold and silver for the foreseeable future. Bitcoin is relatively new to me but it's something I do plan on continuing but for me it's gonna be speculation and a little hold. Perhaps I'll gain more knowledge in how Bitcoin works but for now I'm a bit leery
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MG42
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November 30, 2017, 11:30:02 PM |
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Every time someone say - this time all is different ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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btcjoin14
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December 01, 2017, 01:13:23 AM |
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This awesome article puts everything into perspective. The main stream media is lost. The Asymmetry Of Bubbles: The Status Quo And Bitcoin http://www.zerohedge.com/news/2017-11-30/asymmetry-bubbles-status-quo-and-bitcoinDo the bubbles in bonds, stocks and real estate get the same scrutiny as the bubble in cryptos? Do any of the conventional critics deriding the bubble in bitcoin bother comparing the scale of all these bubbles? So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all? (Approximately $300 trillion in global financial assets and $200 trillion in real estate.) Me thinks that the money from those bubbles will flow into Crypto! Bitcoin is a bubble though. Some people will begin to see the coin get to a lower level when Bitcoin is finished.
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Man21
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December 01, 2017, 01:31:25 AM |
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Bitcoin is legit and real cryptocurrency but because of the bubble makes its price higher. Bubble is not always bad. Market correction and moves are bubble. So bubble make it very good.
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aubreyj
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December 01, 2017, 02:10:06 AM |
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A bubble would pop if it turned out a company liked Tether was creating money backed by nothing to pump up the price of bitcoin and people found out that Tether's were actually worthless.
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