Bitcoin, is it really just a bubble?

[Jeric_]

Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.

Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?

Is it really just a bubble? And if it is, when is this bubble going to burst?

[Taki]

Nobody actually knows bitcoin's future. For now I would not say that bitcoin is going to pop in sooner time, cause of it is just in the beginning, people are investing huge money in it with expectation to get even huger money from that investment. All those people are called as whales and they actually control the price, so while there are those whales with their exceptions bitcoin will not explode.

[junoreactor]

Depends how it evolves, for now Bitcoin is not real a currency but more of an asset, just like gold is. However, Bitcoin could evolve and becomes a real currency, there is still a long way. The value of it relies clearly on the blockchain, a fantastic technology. IMO Bitcoin price will continue to rise, until at least the end of 2018.
But you may also want to look at the competition of other cryptos, the obvious names are Bitcoin Cash and Ethereum. That's why Bitcoin price standing where it is now and rising is not a given, even though I personally remain optimistic.

[loloy]

It's a bubble when you're not fully impressed with the backbone of the blockchain technology.
Most people considered it bubble are businessmen unlike developers, they are intrigued and amazed that Mr. Satoshi Nakamoto's greatest idea that the economy world is adapting.

[Catmony]

It is true that bitcoin price has rose by over 10x within this year which is quite hard to believe but that growth was backed by real adoption of bitcoin technology and increasing demand for bitcoin. Many are buying bitcoin as store of value and many newbies are learning about bitcoin. Even if bitcoin price will reach  $100k+ within next few year, i will not call it a bubble.

[sindikat]

Bitcoin is not a bubble. Bitcoin is the currency of the virtual world. On wall Street do not understand. After the emergence of bitcoin industries such as the production of components for computers and combines IT technologies has received additional funding. They will develop rapidly. Is that not proof that bitcoin is a real asset? Maybe the price of bitcoin is too high but he's definitely not a bubble.

[btcprospecter]

If it is a bubble it is showing no signs of bursting. Many wall street economists will claim that it is if they have not invested earlier. With bitcoin has brought a new breed of traders some have probably done very well but for others it has been a learning curve.

[bryson]

I feel as if it will pop soon. The public will soon get used to the high price of bitcoin and no longer care about it too much. This is when demand of bitcoin will drop and so will the price. A lot of people were excited when bitcoin hit 10k as it goes on people will forget about it as it seems too hard to get into as an investment. But the way bitcoin was designed in order to handle with inflation is very smart and might be able to counteract the possibility of the market crashing. All I can say is that bitcoin is very likely to pop as the public loses interest but nothing is for sure.

[Termin4tor]

Most of the people who has made the statement that bitcoin is a bubble are the people who regret not buying bitcoin when the price was feasible/low. All of these so called bankers and wealthy people want to get into the game now and make a quick profit. Nevertheless they know that articles and news saying bitcoin is a bubble will stir up a reaction among the people and cause a dip, therefore enabling these guys to buy at a lower price.

[loloy]

Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.

Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?

Is it really just a bubble? And if it is, when is this bubble going to burst?

As an application developer, I am amazed and stunned when I deeply learn and study Cryptocurrency Blockchain Technology because it is very complicated but yet complex in the way that verification of every transactions to public ledgers is stunning.
Soome People tagged Bitcoin as a bubble because they don't know the history of the making and the years of development by one of the greatest developers like Mr. Satoshi Nakamoto.
It ia a bubble Because they refer Bitcoin price personally and doesn't recognize the credit to the developers and coders.

[aanbudi]

Why do they call Bitcoin a bubble? Maybe they are people who are too worried about an investment. And I guess they are people who have not really understood about Blockchain and Bitcoin.

[lionelho]

Even if it's a bubble, it shines in the air with most beautiful color.

[FundFantasy]

Clearly that compared to other financial assets today's bitcoin price is inflated way beyond its real-world value. That being said, Gold is also way overpriced and stable.
We believe that Bitcoin is the gold of cryptocurrencies and as such, this behavior does not necessarily indicate a bubble.

[MrVuuu]

The current price for bitcoin is formed by demand, but if it is speculative, then in some ways bitcoin is a bubble. I think that demand will remain for a long time, so if bitcoin is a bubble, then it will not collapse soon.

[loloy]

If it is a bubble it is showing no signs of bursting. Many wall street economists will claim that it is if they have not invested earlier. With bitcoin has brought a new breed of traders some have probably done very well but for others it has been a learning curve.

Seems late investors are the only people who state the Bitcoin is a bubble and they're already behind from the hottest blockchain technology.
Investors are happy enough that they have at least a single Bitcoin on their virtual wallets and drinking coffee with milk while watching their Bitcoin grow up to $15,000 price pumping this quarter of the year or the first quarter of next year 2018.

[cryptonoob312]

yes, it is. stick to ethereum

[Bamel]

Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.

Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?

Is it really just a bubble? And if it is, when is this bubble going to burst?

The internet is replete with people referring to bitcoin as a “bubble.” They are spreading fear, uncertainty, and doubt galore. They believe bitcoin’s high price spells impending doom, but their criticisms move beyond mere skepticism. It seems like they just hate cryptocurrency. Yet many of these pundits do not fully grasp bitcoin…or even economics.

[ShadyMash]

those who are not have any amount of bitcoin,calling it as a bubble.people said it is a bubble when it cross 1000$,2000$,3000$ ..... 5000$.at the moment that same people understand the real value of bitcoin and consistence of it they try to buy them.and also it is a digital currency.OLD AGE people still not familiar with these things.so they also telling bitcoin is a bubble.it is hard to find a person from new generation who called bitcoin as a bubble.

[moynul2050]

I still believe, bitcoin will continue to increase. Only I have hope in January will happen Dump. a
fter that the price will continue to rise to reach $ 15K. DYOR

[Glydel1999]

Why do they call Bitcoin a bubble? Maybe they are people who are too worried about an investment. And I guess they are people who have not really understood about Blockchain and Bitcoin.