Bitcoin, is it really just a bubble?

[farhaan]

Even though bitcoin lacks intrinsic value,the reason for its continuous increase in demand and price is that its supply is limited and so free from inflation.It is free from the hands of governments from whom the normal people suffered a lot due to high taxing.So,people find it as a safe haven.Also,bitcoin having no chance of getting hacked when kept in wallet unless its private keys revealed.The financial freedom it provides.The privacy it provides in sending very huge amounts of money without disclosing any personal details.All these factors make bitcoin price grow continuously.Bitcoin deserves even big price than this and any thing which is not priced above its value could not be termed as a bubble.

[harrypotter1229]

Don't listen to the media and what these experts say. They always like to release their views at random. Sometimes people who don't understand the encrypted currency are also commenting. It's ridiculous. I think some people even more than these experts do not know where bitcoin transactions.

[akiraminai]

If bitcoin is really a bubble, will it be a reason for you to quit ? It's just like facing a two problems alone. Life is worth taking a risk. It is worth to gamble for. However, I'm not persuading you to continue or quit. Overcoming situations such as this depends on the kind of person or the personality you have. If you can take it, then go for it. Quitting now won't give you the answers.

[YRFCHIPOJNP]

its swollen bubble obviously, and its supposed to be deflated

[danherbias07]

Investments that skyrockets in price are always called a bubble.
This wont stop until bitcoin takes a higher price in just weeks or just days.
They will keep on calling it like that but what do they really know. There is just a limited number of bitcoin and we are investing for our future where it will be used widely.

[ipanks]

many people say that bitcoin is a bubble and many of them say that bitcoin is not a bubble. but for me, I think bitcoin is up and down too often and makes people get panic. but if bitcoin is really a bubble, then I think it is no problem for us because we still make money from bitcoin. if we can buy at a lower price then we can sell for the high price.

[mevmike]

it will surely be a bubble if the people who are engaged in it doesn't fully trust the blockchain technology behind bitcoin,
that is why it is a must that anyone engaged on it must fully understand cryptocurrency first.
it is not just a simple investment but a mission.

[nightfury]

Have always encounter these almost everyday giving negative views on bitcoin. But my question is, if bitcoin is really a bubble, then why it didn't ever popped until now? With all these negative views, i am still firm to my decision to invest in bitcoin and hodl it. I know bitcoin has still a long way to reach for its peak price.

[geopolisch]

Many well known economist said it's a bubble. They even compared it to the biggest bubble of all time, the tulip bubble. And the comparison is very much alike. The signs of being a bubble can also be seen in bitcoin. That's according to these economist. Maybe they're just scared of how the success of bitcoin will affect the worldwide economy.

You have reached the actual point of pivot. Actually these all economist are using their name and disguising the actual facts and figures that bitcoin is making all this way. Bitcoin is succeeding in its mission and this is indigestible to all these. Therefore they are making such statements. Bitcoin is not a bubble, and if they are comparing the pumps and dumps with that, they are wrong.

[cfkvfyjd]

An expert from Yale, who was considered the most influential economist on Wall Street, called bitcoin a dangerous speculative bubble because of the lack of internal economic value of the concept. And other experts on the contrary believe that this is not true.

[cfkvfyjd]

For example, the billionaire brothers believe that bitcoin is waiting for a twenty-fold rise in price.

[ivanst776]

If bitcoin is really a bubble, will it be a reason for you to quit ? It's just like facing a two problems alone. Life is worth taking a risk. It is worth to gamble for. However, I'm not persuading you to continue or quit. Overcoming situations such as this depends on the kind of person or the personality you have. If you can take it, then go for it. Quitting now won't give you the answers.

For how much long it will be a bubble. When will it burst out? It is very much clear before the people that people are investing more and more day by day and investor are also increasing every day so how can we say that all these people are fool or non-sense. They are earning huge amount through bitcoin business since 2009 so how they will believe that bitcoin is just a bubble.

Bitcoin is not a bubble. It is a real business of new based technology which saves time. Quitting from bitcoin would not be a wise decision.

[5thFear]

Well. in the start it might would had been that. a bubble. but now its no more a bubble. infact now the regular financial system looks like a bubble against the giant 'Bitcoin' and it looks like the the Giant will show no mercy and might crush the other regular financial systems

[WJY123456789]

I think bitcoin is a weird mix of goods and currencies. The value of a bitcoin's currency is derived from its monetary value, but its use as a currency is lessened as its commodity attributes become more pronounced.

[fistteam]

Bitcoin is a hot topic on newspapers, on websites in some countries. This year's bitcoin price increase makes many people think bitcoin is a bubble.It is inflated quickly and maximally and it will burst at any time. That makes investors worry about their future and their money

[musikgreg]

Bitcoin is and can be seen as a sign for a new Era of time. Things (big values of money) and especially markets increasingly will change - what we see now in my opinion is only the beginning and it is reality

[javerzky]

bitcoin is not a bubble that is likely to explode anytime, im no expert when it comes to price monitoring of the bitcoin but as  you can see prices can change anytime but look at some of the bitcoin investor, they still keep on waiting to drop like a bubble you said because that was the time to buy some bitcoin and wait for the great time to sell as the price goes higher,
not like altcoin as you can see bitcoin is stable as the times goes on, maybe theres some altcoin that is stable enough to compete bitcoin, and thats the time you can consider the bitcoin can pop like a bubble 

[junoreactor]

Are cryptos a bubble? Yes for sure, very similar to the start of the Internet. Is Bitcoin a bubble? Possibly not, if it can evolve, save the fees problem and become a real currency.

[gourish]

Bitcoin rises and falls based on changes in demand, and changes in demand are based on how useful it is, and what market participants find it useful, and the supply is fixed and known, more transparently than any commodity in existence.
With that in mind, it is not controversial if bitcoin drops dramatically in value, except to the masses of people that are looking to use bitcoin as a short term retirement strategy. Unlike the stock market, commodities trading never caught on amongst the retail trading crowd for this specific reason as they aren’t expected to rise upwards to infinity, and in fact, have seasonal price spikes and troughs.

Although Bitcoin may not have the data or limited enough use to suggest seasonality, the point is that fixed supply assets always rise and fall dramatically based on changes of supply and demand and that is not controversial.

Looking at bitcoin akin to commodities is important because the effect of news is different. Just like with oil prices, bad and horrible news typically causes for a rise in oil prices. Hurricane in the gulf? Conflict in the other gulf? Higher oil prices because the supply is further constricted. You have probably felt this at the gas pump your entire life, but never considered buying oil yourself to profit from this phenomenon.

Many people have a skeptical or negative view of bitcoin, and are validated when “bad news” comes out, but are confused about why the price keeps rising anyway. Many times, bad news constricts supply.

For example, when bitcoin’s mempool is full, or when there is a backlog of transactions, this means that thousands upon thousands of bitcoin are completely off the market, unable to be accessed. In the graph above, 16,485 bitcoin are off the market for some time, with the current exchange rate being $3,900 at time of writing, this is $64,000,000 that is unavailable to purchase. With demand staying the same, or even rising, this means people have less bitcoin to buy and will have to raise the price they are willing to buy. With so many blockchain businesses using bitcoin, you see this throughout the weekdays, and less on the weekends.

This is just one insight that can give foresight into whether bitcoin is in a bubble, or not. The reality is a lot more nuanced than that.

[lacusfish]

Learning the stance of bitcoin right now actually lessen the need for people to treat it like a bubble. The upcoming steadiness of bitcoin, as well as recognition, made that possible.