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Author Topic: Why you should worry this is a bubble  (Read 1439 times)
KennyR
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December 17, 2017, 06:52:02 AM
 #101

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The sudden growth that has taken the price from the range of $1000 to $20000 makes people get into a panic state. This is quite common with every human. One who overcome the same will get the best profit making their lives in a better way. Each and every growth has been termed to be a bubble, but bitcoin has crossed several such bubbles in the past.

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December 17, 2017, 10:03:31 AM
 #102

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
Im wondered how bitcoin fast like what happen now and im really amaze because of it and im also scared because i read many post that bitcoin will also down as how it increased so fast.

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December 17, 2017, 12:10:49 PM
 #103

In real, Bitcoin is worthless, because the valuation of Bitcoin is depend on the investor's trust. So no trust mean no value.
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December 17, 2017, 12:26:12 PM
 #104

Another Nobel laureate came out against Bitcoin.

We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.)

However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash:  https://www.npr.org/templates/story/story.php?storyId=4679264.

Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now:



So yesterday, Shiller said this exactly about Bitcoin:

Quote
"Bitcoin, it’s just absolutely exciting. You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true. ... I don’t know where it’s going to stop. It’s going to go way up, like the stock market in the 1920s. We will reach a 1929 eventually. But then it won’t go to zero, it just will come down."

This is one guy who when he says something is a bubble, people ought to listen.

In real, Bitcoin is worthless, because the valuation of Bitcoin is depend on the investor's trust. So no trust mean no value.

I agree to those statements that are been given bitcoins are indeed a nonsense thing because no investors means no money so what will happen if all those people who invested in this decided to get back all their money then the bitcoins economy will surely fall like if all those businessmen decided to built their own unique coins and that are much upgraded than the bitcoins then what will happen is everybody will transfer into thqt thing because we all want what's gonna make us rich.so the bitcoins will be like a bubble that will pop immediately

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December 22, 2017, 03:26:29 PM
 #105

I worried about it last week that i sold all my Bitcoin for 14k$ because i am expecting that it will not proceed to 15k$ because of the things that i read like price correction etc etc, but looking at the price now i regret that i sold my Bitcoin anyways from now on i will not worry of the price, i will just hold and hold and hold until we reach that 21m limit.

And yet right now, you're selling was the right call as Bitcoin drops below $12,000. That's the problem with bubbles- you never know when they're going to burst. You would have to believe that you would know the when the top is before it's evident and with no warning or visual signs. Then you would have to believe that you can get out faster than everyone else. These are not safe or rational beliefs to have. Selling to lock in your gains is safe. A bird in the hand is worth two in the bush.
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December 22, 2017, 04:30:42 PM
 #106

As we know that the price of bitcoin has been increasing too much at the few months which is not a positive sign for the bitcoin as if the the price burst and the value become down in the new year may it shift some of the large investors and other users to the altcoins for making the future decisions. the bitcoin believers are happy with the high price of bitcoin and if suddenly the price falls they will be disappointed by this i personally checked the prices of bitcoin regularly and now it is time to say that bitcoin is at the top level

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December 22, 2017, 04:41:40 PM
 #107

I dont care about the OP, he is just another guy who entered to the market on the all time high, and he is now worried about losing a few thousand dollars, poor of him  Cry
Dont sell guys, this is going to go up soon.

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December 23, 2017, 11:31:38 AM
 #108

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.

Your right, it will totally lossing of faith if it might happened. Worrying is just normal because most of us invested a certain amount and we want to have a profit in the future. As many speculations that bitcoin is like a bubble that might be burst anytime, well it was already proven on the past years that bitcoin survived but somehow as bitcoin performance this year many is worried due to its value that reached of about $20,000. I would say all we gonna do is to monitoring from time to time and keep believing that bitcoin will stay on its stabilized value.


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December 23, 2017, 12:02:06 PM
 #109

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The price of bitcoin is increasing regularly from some time but it doesn’t mean that bitcoin is like a bubble. If the price of bitcoin is regularly increasing then it must have reasons and yes it is having many reasons which are its properties, demand and benefits etc.

If we keep an eye on the development of bitcoin then I think that bitcoin can maintain its position for a long period of time. Moreover it will revel with time.


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December 23, 2017, 12:22:25 PM
 #110

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The price of bitcoin is increasing regularly from some time but it doesn’t mean that bitcoin is like a bubble. If the price of bitcoin is regularly increasing then it must have reasons and yes it is having many reasons which are its properties, demand and benefits etc.

If we keep an eye on the development of bitcoin then I think that bitcoin can maintain its position for a long period of time. Moreover it will revel with time.

I agree to your point of view mate, bitcoin is not like a bubble. As far as I know bitcoin is unpredictable which will depends the number of investors throughout the world as one of its major reasons. We can't blame those people keep believing that bitcoin is a bubble that may burst anytime due to its bubbling value. As on my own principle and believe, bitcoin will survived and will be dominat for long time of all crypto currencies.

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December 23, 2017, 12:23:13 PM
 #111

Speculating that this might be a bubble isn't wrong at all. In fact, it's best to be safe rather than end up losing it all.
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December 23, 2017, 12:28:27 PM
 #112

In real, Bitcoin is worthless, because the valuation of Bitcoin is depend on the investor's trust. So no trust mean no value.

So you basically say that trust is worthless?
So this worthless trust has made people invest in bitcoin, build a business model from scratch, and currently, half a million of people using BTC  for nothing?

Well, then I guess it is better to switch to the Zimbabwe dollar or Russian ruble, as they are backed by...whatever.



I worried about it last week that i sold all my Bitcoin for 14k$ because i am expecting that it will not proceed to 15k$ because of the things that i read like price correction etc etc, but looking at the price now i regret that i sold my Bitcoin anyways from now on i will not worry of the price, i will just hold and hold and hold until we reach that 21m limit.

So, you're going to finally sell when we reach the 21 million limit?
Better put the sell order from now, I kind'of doubt you will be able to put it yourself at that time.

The sudden growth that has taken the price from the range of $1000 to $20000 makes people get into a panic state. This is quite common with every human. One who overcome the same will get the best profit making their lives in a better way. Each and every growth has been termed to be a bubble, but bitcoin has crossed several such bubbles in the past.

Sudden?
It took a year!!!!

What was so sudden in it. We had tops, price corrections all year.
It's normal to panic only for people that invested most that they can afford to lose. The others stay calm.

Even if it goes back to 2000, it's still 20x times more than what my bank deposits are earning.




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December 23, 2017, 12:30:30 PM
 #113

Though you do have a point, nothing beats being safe rather than buying the dip when noone knows its real bottom yet.
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December 23, 2017, 12:42:40 PM
 #114

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The price of bitcoin is increasing regularly from some time but it doesn’t mean that bitcoin is like a bubble. If the price of bitcoin is regularly increasing then it must have reasons and yes it is having many reasons which are its properties, demand and benefits etc.

If we keep an eye on the development of bitcoin then I think that bitcoin can maintain its position for a long period of time. Moreover it will revel with time.
If you don't know properly about the definition of the bubble and you may need to learn the more about that. The bubble mean the possible flash jump and down. as you can see how the market reaction yesterday which tells a lot of the crypto users. The flash crash was happening.

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December 23, 2017, 05:00:34 PM
 #115

Yes I read that on article, Well expert can be wrong too. even ministry of treasury in my country says so be careful on bitcoin's bubble, because the asset still same but the price increased, of course it can be dangerous. It's mean that money chase an asset . You must worry of bitcoin bubble. you might think it is ok because we have bitcoin not much as big whale. But if it happens to big whale of course it will decrease bitcoin value extremely. So if you still think that bitcoin will give you profit well it is good. But in the end you must be worry if something wrong is going to happen someday (bubble) extremely. CMIIW Smiley
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December 24, 2017, 03:56:06 PM
 #116

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The price of bitcoin is increasing regularly from some time but it doesn’t mean that bitcoin is like a bubble. If the price of bitcoin is regularly increasing then it must have reasons and yes it is having many reasons which are its properties, demand and benefits etc.

If we keep an eye on the development of bitcoin then I think that bitcoin can maintain its position for a long period of time. Moreover it will revel with time.

I agree to your point of view mate, bitcoin is not like a bubble. As far as I know bitcoin is unpredictable which will depends the number of investors throughout the world as one of its major reasons. We can't blame those people keep believing that bitcoin is a bubble that may burst anytime due to its bubbling value. As on my own principle and believe, bitcoin will survived and will be dominat for long time of all crypto currencies.

For now I can say bitcoin is still bubble because we can ot predict the future as well, unless you can predict it when it will burst but until now, no one can predict it so bitcoin will stay bubble for sure. About surviving and dominating any coin, I will think that it is depends on big whale that control the market, for small fry like us, there is no way we can dominate their market price. Still this is much more for us to do
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December 24, 2017, 06:55:06 PM
 #117

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The price of bitcoin is increasing regularly from some time but it doesn’t mean that bitcoin is like a bubble. If the price of bitcoin is regularly increasing then it must have reasons and yes it is having many reasons which are its properties, demand and benefits etc.

If we keep an eye on the development of bitcoin then I think that bitcoin can maintain its position for a long period of time. Moreover it will revel with time.

I agree to your point of view mate, bitcoin is not like a bubble. As far as I know bitcoin is unpredictable which will depends the number of investors throughout the world as one of its major reasons. We can't blame those people keep believing that bitcoin is a bubble that may burst anytime due to its bubbling value. As on my own principle and believe, bitcoin will survived and will be dominat for long time of all crypto currencies.

For now I can say bitcoin is still bubble because we can ot predict the future as well, unless you can predict it when it will burst but until now, no one can predict it so bitcoin will stay bubble for sure. About surviving and dominating any coin, I will think that it is depends on big whale that control the market, for small fry like us, there is no way we can dominate their market price. Still this is much more for us to do
of course it doesn't depend on us, but on those people who control it, but I don't think that it will burst...in my opinion, it has already come a long way to stay with us for a long time


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December 24, 2017, 07:22:40 PM
 #118

In real, Bitcoin is worthless, because the valuation of Bitcoin is depend on the investor's trust. So no trust mean no value.

I like that. Trust in business is everything!
Would you rather have something that is issued and controlled by the same entity? What if that entity would decide to bail on you? To change the trust you have to persuade millions of people to abandon the currency. With typical fiat money you only need to persuade the president, the ruling party and the senate, which is what? 300 people all together? You can also destroy fiat by destroying the country, by putting it in a state of bankruptcy. You can't bankrupt bitcoin.

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December 25, 2017, 05:16:33 AM
 #119

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The sudden growth that has taken the price from the range of $1000 to $20000 makes people get into a panic state. This is quite common with every human. One who overcome the same will get the best profit making their lives in a better way. Each and every growth has been termed to be a bubble, but bitcoin has crossed several such bubbles in the past.

The only reason that the price stays at the levels and is not going down, is that most of the people who got involved in bitcoin never touched it, what makes the supply really low.
The demand is not so high, as you can see volume at most of the exchanges remain low, but the supply is just decreasing.

The inflation rate of 12.5btc a block is a joke and has no impact on the price

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December 25, 2017, 02:12:00 PM
 #120

I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.

If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The price of bitcoin is increasing regularly from some time but it doesn’t mean that bitcoin is like a bubble. If the price of bitcoin is regularly increasing then it must have reasons and yes it is having many reasons which are its properties, demand and benefits etc.

If we keep an eye on the development of bitcoin then I think that bitcoin can maintain its position for a long period of time. Moreover it will revel with time.

I agree to your point of view mate, bitcoin is not like a bubble. As far as I know bitcoin is unpredictable which will depends the number of investors throughout the world as one of its major reasons. We can't blame those people keep believing that bitcoin is a bubble that may burst anytime due to its bubbling value. As on my own principle and believe, bitcoin will survived and will be dominat for long time of all crypto currencies.
Yeah bitcoin is a good thing and it has proven itself since long now a person knows better about bitcoin and they trust bitcoin. It has been long that people were saying this that bitcoin is a bubble but now today bitcoin is a currency that is helping people in different way. If you want to take bitcoin as an investment you should invest in bitcoin but if you want to use bitcoin as saving then just hold and forget so trust bitcoin and it is will give you return.

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