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Hydrogen
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December 16, 2017, 11:38:57 PM |
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If bitcoin really was a bubble, and people could predict this in advance. They could stand to make a lot of money by shorting bitcoin or by investing in bitcoin's competitors which would stand to benefit when the bitcoin bubble popped.
There are many who claim bitcoin is a bubble, but none of those people are willing to put money on their own prediction.
Maybe I'm old school but I miss past eras when people made a point of standing by the things they say, rather than feeling entitled to say random things that even they don't believe in.
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uscarrafone
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December 16, 2017, 11:45:38 PM |
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If that's true us who missed the train may have a second chance in coming months...
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pinkflower
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December 17, 2017, 03:04:19 AM |
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Why does everyone always assume that speculative bubbles are something bad? Anything can be a bubble. A stock in the stock market, a commodity, a currency, anything that is freely traded in an exchange can be a bubble.
It doesnt mean, BTC is a bubble, therefore it has no value. No. Its more like, BTC is in a bubble and will correct to its real price sooner or later. The term bubble is not a noun, its an adjective to describe a noun.
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pentol86
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December 17, 2017, 03:17:19 AM |
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until now, no one can proof it about bitcoin bubble. because some people does not attract investment in bitcoin, so issue about bubble maybe from competitors
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jaysabi
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Merit: 1115
★777Coin.com★ Fun BTC Casino!
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December 17, 2017, 03:26:26 AM |
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Numbers 1-4 on the list are all the same bubble. You don't take a temporary fall and use it as evidence a "bubble" has "popped." Just as a temporary drop doesn't evidence a bubble has popped, nor does the period after it has dropped indicate a new bubble. Bitcoin has a whole is all part of the same bubble, and it's still in the inflationary period. There have been no bubbles burst here, as a burst bubble indicates a permanent impairment in the price, or at least one that lasts far longer than anything that has been seen in this market. |
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Essaint56
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December 17, 2017, 03:29:57 AM |
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Numbers 1-4 on the list are all the same bubble. You don't take a temporary fall and use it as evidence a "bubble" has "popped." Just as a temporary drop doesn't evidence a bubble has popped, nor does the period after it has dropped indicate a new bubble. Bitcoin has a whole is all part of the same bubble, and it's still in the inflationary period. There have been no bubbles burst here, as a burst bubble indicates a permanent impairment in the price, or at least one that lasts far longer than anything that has been seen in this market. I totally agree. It's either one BIG bubble, or not a bubble at all. Anyway, i'm sure there's a lot of uncertainty going on which could mark the start of a correction, but quite obviously, greed is still overpowering. |
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CoinsCoinsEverywhere
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December 17, 2017, 05:08:32 AM |
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By the technical definition of a bubble (see https://en.wikipedia.org/wiki/Economic_bubble), I think that bitcoin is probably in bubble territory because there's no good way to figure out what its intrinsic value is. It also isn't really "backed" by an economic system like fiat currencies. That said, I'm not really sure how much it matters, at least for the short to medium term. Ultimately, bitcoin's price will, of course, continue to rise as long as demand exceeds supply. And there seems to be a lot of potential for increased demand in the form of people who would like to invest but don't have easy access (e.g., through an ETF), as well as skeptics who may eventually decide to board the train (especially large institutions like banks). Eventually, I think there will be a day of reckoning when the supply of buyers dries up as a result of everyone-who-cares being invested. However, that day still seems to be a ways off. |
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HasHe
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December 17, 2017, 05:11:15 AM |
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I don't see bitcoin to be a bubble.The reason is bitcoin is not just a asset which many people consider nowadays due to which they continuously say bitcoin to be a bubble and it would burst.But bitcoin has a feature of currency too.When big companies like amazon come forward to accept bitcoin which is expected to happen soon,then it would be regularly used as a currency.Already,japan is contributing more for bitcoin to be used as a currency. So,by this way there would be a continuous demand for bitcoin which would prevent bitcoin usage from dropping down which would inturn not let bitcoin price to crash.In tulips,we saw it has no other usage than a high return giving investment and so,when its price started to crash,it was not backed by any demand. But it would not happen in bitcoin and even if bitcoin price drops a little,it would get settled down in the range of $15,000 which would not be considered as a crash.More over,its good for bitcoin progress in a long run. |
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Chyton
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December 17, 2017, 07:49:24 AM |
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Well, there is a chance that Bitcoin is going to be the largest bubble ever in the world.
Right now, the total market cap for cryptocurrency is around 550 billion USD, not even one trillion. Dot-com bubble burst when its market cap is at 3 trillion dollar, we are still long way to 3 trillion dollar.
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anthinguy21
Full Member
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Activity: 280
Merit: 101
OPEN GAMING PLATFORM
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December 17, 2017, 08:02:13 AM |
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LOL. There are a lot of people said that Bitcoin is a bubble  )). If it's just a bubble I think you shouldn't care about it and no need to create this topic ). But maybe you just want to scare other people to sell their Bitcoin then Bitcoin price will be dump and you will have chance to buy more Bitcoin at lower price )). I heard a lot of people said the same like you, and after Bitcoin price dumped, they spend a lot of money to buy Bitcoin )) |
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Zertoshi (OP)
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December 17, 2017, 09:49:50 AM |
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If that's true us who missed the train may have a second chance in coming months...
Perhaps even many chances! |
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iamTom123
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December 17, 2017, 09:56:20 AM |
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If bitcoin really was a bubble, and people could predict this in advance. They could stand to make a lot of money by shorting bitcoin or by investing in bitcoin's competitors which would stand to benefit when the bitcoin bubble popped. There are many who claim bitcoin is a bubble, but none of those people are willing to put money on their own prediction. Maybe I'm old school but I miss past eras when people made a point of standing by the things they say, rather than feeling entitled to say random things that even they don't believe in.
The thing is that these days people tend to say something that can be controversial for the purpose of landing in the pages of the mainstream media or at least in the digital news sites we already have. And since Bitcoin has now become popular, many of these naysayers are just taking the ride for some exposure. They kept on repeating the same warnings about the Bitcoin bubble again and again. Ironically, the more people are warned about the impending bubble burst, the more Bitcoin rise because there are more buyers on the market deaf to what the naysayers have to say. Would it really be fair to compare that tulip mania that happened in 1600s to the Bitcoin of today? Did that tulip thing also got only 21 million in supply and nothing can be reproduced anymore after that? I understand that we have to cautious when investing something but I am feed up with all of these bubble warnings! |
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bitcub
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December 17, 2017, 10:17:46 AM |
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I also believe that Bitcoin is in bubble. I believe the big crash would happened next year as the chart say so. The only thing we can do when it happens is jump to USDT. And one of the charting basic is whatever pump so fast will fall so fast too. Get ready! |
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Sadlife
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December 17, 2017, 10:24:44 AM |
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Yes it's a bubble buy a long one. Recently many people has been claiming that bitcoin is a bubble or a scam but most of this people are economist, bankers, gold investors they are mad on how can a ordinary people can make lots of money just by investing thousands that's why they spend most of their time accusing bitcoin as a ponzi scheme. Cause they can't accept that their fiat currency has been bested.
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coltraneWANG
Newbie
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Activity: 7
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December 17, 2017, 10:32:32 AM |
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There won't be a bubble which can crash several times,smtimes the price maybe too high,but it won't crash thouroughly
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X-ray
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December 17, 2017, 10:40:55 AM |
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I also believe that Bitcoin is in bubble. I believe the big crash would happened next year as the chart say so. The only thing we can do when it happens is jump to USDT. And one of the charting basic is whatever pump so fast will fall so fast too. Get ready! As already mentioned by a lot of the governor about the more people are considering the bitcoin as the new investment place. how the people are going crazy to put more and more money to the bitcoin. The bubble is true due to the volatility of the bitcoin but the fact it is also considered as the investment place. I talked with a lot of my friends and they are all saying the same about the bitcoin just like an investment place. But it's better than gold. |
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patt0
Legendary
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Betting Championship betking.io/sports-leaderboard
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December 17, 2017, 10:45:35 AM |
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If bitcoin really was a bubble, and people could predict this in advance. They could stand to make a lot of money by shorting bitcoin or by investing in bitcoin's competitors which would stand to benefit when the bitcoin bubble popped.
There are many who claim bitcoin is a bubble, but none of those people are willing to put money on their own prediction.
Maybe I'm old school but I miss past eras when people made a point of standing by the things they say, rather than feeling entitled to say random things that even they don't believe in.
Not saying bitcoin is a bubble because I don't think it is, but what you are saying is not that easy. Shorting an asset comes with huge liability, and i it was a bubble and they were shorting before it was at the top, and close to pop, they would not be able to keep it's position unless they had a huge amount of funds, to cover their liability. Bitcoin is now mainstream, and every one is now hearing about it and buying it, so even if it was a bubble I don't think this was the right time to short it. Also, if it was a bubble and crashed, buying other coins wouldn't help because they would crash as well, since they share the same fundamentals. |
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coltraneWANG
Newbie
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Activity: 7
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December 17, 2017, 10:56:58 AM |
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Yes it's a bubble buy a long one. Recently many people has been claiming that bitcoin is a bubble or a scam but most of this people are economist, bankers, gold investors they are mad on how can a ordinary people can make lots of money just by investing thousands that's why they spend most of their time accusing bitcoin as a ponzi scheme. Cause they can't accept that their fiat currency has been bested.
totaly agreed.BTC is helping poor people to break the existing class-gap |
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Zertoshi (OP)
Newbie
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Activity: 67
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December 17, 2017, 11:49:09 AM |
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There won't be a bubble which can crash several times,smtimes the price maybe too high,but it won't crash thouroughly
On the stock exchange you have (over decades) several bubbles and crashes; it never means that a crash ends the existence of the stock exchange. Same can be said for real estate. It also depends on how you define a bubble and a crash... |
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