Bitcoin Forum
June 21, 2024, 08:07:58 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: Are we in a Bitcoin Bubble  (Read 508 times)
Notmyfault7
Member
**
Offline Offline

Activity: 102
Merit: 10


View Profile
December 31, 2017, 09:23:41 AM
 #21

I do not understand why all you guys call this bubble? If you cannot figure out the value of the BTC, then how can you call it a bubble?
jan wanst
Newbie
*
Offline Offline

Activity: 320
Merit: 0


View Profile WWW
December 31, 2017, 03:11:13 PM
 #22

Time will tell. Any invention must be self-evaluated. Who knew 50 years ago that the Internet will be so popular. If ingenuity is successful, then there will be success.
rbv
Newbie
*
Offline Offline

Activity: 49
Merit: 0


View Profile
December 31, 2017, 06:43:24 PM
 #23

there was a nice info graphic somewhere that shows how much fiat is involved in different companies and technologies. all was drawn as pink bubbles :-P the point, however, was that compared to other entities there is still not much money involved in cryptocurrencies and since they have the technological ability to attack world-wide authority-based finance I don't see why it should be tremendously overvalued. nevertheless, I'm sure  bitcoin won't stay the top coin forever, too much progress was made since it's invocation in 2008. for example, IOTA is based on the tangle instead of the blockchain and is therefore able to perform feeless and fast transactions, as well as being prepared for growth since the system becomes faster the more people and machines use it!
Chris marshall
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
December 31, 2017, 08:56:53 PM
 #24

The crypto bubble is tiny compared to the whole banking/investment industry which it will likely replace down the line.
GlobitexGBX
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile WWW
December 31, 2017, 09:23:10 PM
 #25

To compare: Gold has been in a bubble for thousands of years.
hans.zimmer
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
January 01, 2018, 11:46:35 AM
 #26

I think that cryptocurrencies truly are in a bubble. The thing is, noone can predict when it will burst. It maybe some months, but maybe several years. We had a number of such cases in the past (like the dot.com bubble), and it will always happen as long as there is a total excitement on the market. But this doesn't mean that the bubble will burst and cryptos will be buried in history. We may have a bear market for some time but it will gradually develop and reach new highs. I personally believe that blockchain is the technology of future and it will 100% change the way we live.
xiaowu55
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
January 06, 2018, 10:29:59 AM
 #27

Now many people believe that the Bitcoin is full of bubbles, they have their own reasons, but I don't think the currency, now found that block chain got great development which is the trend of history, so don't worry about it
goldexp83
Member
**
Offline Offline

Activity: 225
Merit: 10

quarkchain.io


View Profile
January 06, 2018, 10:46:37 AM
 #28

There are much bigger and dangerous bubbles currently bro, are you aware of that? just check USA or Japan debt, those are like close to 200 Trillions and growing every second we talk!!! Bitcoin in comparison it's a still a tiny cute small baby, keep that in mind, to the moon! Cheesy

cryptoflip.it
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
January 06, 2018, 11:44:24 AM
 #29

Everyone thought it was a bubble at $1k, they thought it was clearly a bubble at $3k... Now look at it.
Vik_the_Carpentner
Jr. Member
*
Offline Offline

Activity: 84
Merit: 4

Cryptocurrency Wallet - Denaro.io


View Profile
January 06, 2018, 01:43:13 PM
 #30

Everyone thought it was a bubble at $1k, they thought it was clearly a bubble at $3k... Now look at it.

And still a lot of people guess it's a bubble. Nothing changes really.

DENARO.IO   》   CRYPTOCURRENCY WALLET AND WORLDWIDE DEBIT CARDS
▬▬▬▬▬▬▬▬▬▬▬▬   PRE-ICO STARTS JAN 30,2018   ▬▬▬▬▬▬▬▬▬▬▬▬
Marteel
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
January 06, 2018, 03:21:57 PM
 #31

nope, it is not a bubble, it is revolution folks.
LuckySarah
Jr. Member
*
Offline Offline

Activity: 88
Merit: 2


View Profile
January 06, 2018, 03:28:12 PM
 #32

Everyone thought it was a bubble at $1k, they thought it was clearly a bubble at $3k... Now look at it.

And still a lot of people guess it's a bubble. Nothing changes really.

I hope it's not a bubble. The people who say it's bubble are wrong but that people who says it's a future are wrong too. It's a beginning of something new but that never would become an everyday thing.

Go-go-go, power girls !
TheAndy500
Sr. Member
****
Offline Offline

Activity: 1232
Merit: 266


> CAMPAIGN MANAGER < https://t.me/TheAndy500


View Profile
January 06, 2018, 07:38:46 PM
 #33

It is not a bubble and whole experts will see it in coming years when bitcoin will grow and still offer the same things like now and even more.

bul
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile
January 06, 2018, 09:31:32 PM
 #34

Cryptocurrency in general is a fairly new concept, I dont think this is a bubble.... I think this is just the beginning of crypto. I think that BTC and all other good coins will probably increase in value. The mass adoption have only just begun. So I have a hard time believing this is just a bubble. However I'm far from an expert so I really have no clue. But if I am right this is just the beginning of something huge, decentralized currency's that truly belong to those who own them. Grin   
darkangel11
Legendary
*
Offline Offline

Activity: 2394
Merit: 1348


Don't let others control your BTC -> self custody


View Profile
January 06, 2018, 09:39:27 PM
 #35

I do not understand why all you guys call this bubble? If you cannot figure out the value of the BTC, then how can you call it a bubble?

They are repeating it after some of those old farts from Wall Street who made some decent deals before the first white paper was published.

There are much bigger and dangerous bubbles currently bro, are you aware of that? just check USA or Japan debt, those are like close to 200 Trillions and growing every second we talk!!! Bitcoin in comparison it's a still a tiny cute small baby, keep that in mind, to the moon! Cheesy

Exactly. Some people seem to think they will buy cryptos, wait for profit, exit to fiat and it will all be fine at that point. No, it won't. You are exchanging independent, but scarcely accepted currency for another one that is still vulnerable, centralized, but widely accepted. You're exchanging one token into another, fiat is by no means better or safer. The main difference is that with crypto you are on your own. Nobody is making promises to you or holding your hand, giving you a false sense of security.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
sjefdeklerk
Jr. Member
*
Offline Offline

Activity: 154
Merit: 8

SODL


View Profile
January 06, 2018, 11:01:56 PM
Last edit: January 06, 2018, 11:24:44 PM by sjefdeklerk
 #36

Ask yourself: how many bitcoin payments are being done daily ? Where can I pay with bitcoin ? Just today in my country (netherlands) a big bitcoin test has been stopped. In the city of Arnhem more than 100 shops had joined to accept bitcoin payments  but only a few thousand EUR in BTC *per month* was paid by clients (nobody uses it). Besides that the transaction costs had become so extremely steep that they had to stop the test and the shops are now no longer offering BTC payments: https://nos.nl/artikel/2210648-arnhem-even-geen-bitcoinstad-meer-transacties-zijn-te-duur.html That's how well BTC works.

"But but Lightning network will save us", yeah right a system that only processes a route when users are online, where maximum payment in a route is determined by the smallest account in the route, where you still need to pay very high fees to open/close a payment channel and when you want to re-wire BTC into the channel, where fraud among 2 users in the same channel is possible and which will take 12-18 months anyway to complete, yeah that sounds like a great system, LOL.

And I'm not even talking about the insane amount of energy that's needed to keep the network up and that more and more countries are now actively fighting and banishing BTC.

So of course this is a $294 billion bubble which is going to pop. The million dollar question is not IF, but WHEN. For all I know it's going to hit $50.000 first or even more. But if you can't even see that this IS a bubble, I'd advise you to do something else with your money, because you'll lose it all one day.

fiat is by no means better or safer.
LOL this is just crazy. If you have USD you're pretty sure you can buy an apple for roughly the same amount of USD next year as this year. You also know you can pay for that apple at any grocery (even international with your chip card). With BTC you just don't know, could be you could buy 1 apple, maybe 10 or maybe no apple at all and 99.9% of the grocery stores won't even accept BTC payment anyway.
timerland
Hero Member
*****
Offline Offline

Activity: 1526
Merit: 596


View Profile
January 06, 2018, 11:19:32 PM
 #37

Hey Guys, I just came across the following tweet regarding Bitcoin. https://twitter.com/Elite_89/status/944746253929336832 I am not good at reading charts. If anyone is good at reading charts, can you please help me out.
Bitcoin Bubble


First off, the twitter link does not work. However, you should really think about this yourself.

Yes, bitcoin may be in a bubble. Who knows? However, if you have a look at the idea behind bitcoin and its core values, it will seem obvious that even if it does crash, its not going to be the end of bitcoin forever. It will take time and a lot of effort to destroy bitcoin.

However, the lightning network needs to be implemented asap because what is happening right now is horrendous.

Smiley
filharvey
Hero Member
*****
Offline Offline

Activity: 866
Merit: 1001



View Profile
January 06, 2018, 11:57:26 PM
 #38

Most of the bitcoin criticizers have continued saying that bitcoin is a bubble and it would burst.But its not a bubble.A bubble is a stock or an asset which has been overvalued much that what value it actually has.But bitcoin is not overvalued.Also,it is not just a piece of investment.It is mainly backed by the demand which it has since it is mostly used for trading purposes and also after lightning network gets activated,it would also be used more as a currency.We could now see bitcoin price once again rising.

               ▄█▀ ▄▄▄▄ ▀▀▄▄
           ▄█▀ ▄▄█▀▀   ▀█▄▄▀▀█▄▄
          ▀▀  ▀▀          ▀▀█▄█▀
    ▄▄▀  ▄█▀▀                    ▄   ▄▄
  ▄█▀▄▄█▀           ▄▄           ▀▀█▄ ▀█
 ▄▀ █▀     ▄▄██▄▄   ██   ▄▄██▄▄      █▄ █
 █ ▀█   ▄▄█▀▀   ▀██▄▄█▄▄█▀▀  ▀▀██▄▄   █ █
 █     █▀ ▄▄█▀▀█▄▄ ▀██▀  ▄██▀█▄▄ ▀▀█  █ █
 █  ▄  █ ██▀ ▄▄▄ ▀█ ██ █▀▀ ▄▄▄ ▀██ █  █ █
 █ ██  ▀ ██ █▀▀▀█▄▄ ▀█ ▄▄█▀▀▀▀█ ██ ▀  █ █
   ██    █▀ ▄▄█▄  ▀▀███▀▀  ▄▄▄  ▀█    ▀ █
   ██    ▄▄██▀ ▄▄█▄ ██  █▄▄ ▀▀██▄▄      █
 █ ██    ▀▀ ▄▄█▀▀ ▄▄███▄ ▀▀██▄▄ ▀       █
 █  █      ▀▀▀ ▄██▀▀▄█ ▀██▄▄ ▀▀       █ █
 █  █         ▀▀▀   ██    ▀▀▀         █ █
 ▀█ ▀▄▄             ██              ▄█ ▄█
  ▀█▄ ▀▀▄▄          ██          ▄▄█▀ ▄█▀
     ▀█▄▄▀▀▀        ██       ▄▄ ▀▄▄█▀▀
        ▀▀█▄   ▄▄        ▄▄█▀▀   ▀
            ▀█▄▄▀▀█▄▄▄▄▄▀▀ ▄█▀
               ▀▀█▄▄▀▀ ▄▄█▀
 
E M I R E X
─── إمركس ───
   
...Whitepaper...
   
The Infrastructure for the
New Digital Economy
   
▄▄▄▄▄▄▄▄▄▄
▄▄██████████████▄▄
▄████████████████████▄
████████████████████████
▄█████████▀▀▀▀▀▀▀▀▀▀███████
████████▀           ████████
██████████████████████████████
█████████            █████████
█████████  ██████████████████▀
████████▄           ████████
▀█████████▄▄▄▄▄▄▄▄▄▄███████▀
▀████████████████████████▀
▀████████████████████▀
▀███████████████▀▀
▀▀██████▀▀▀
 
E M R X
 
─ Token ─
 
...LEARN MORE...
   
   
   
   
...Register...
[/cen
ajdaj
Full Member
***
Offline Offline

Activity: 532
Merit: 100



View Profile
January 07, 2018, 05:41:34 PM
 #39

Most of the bitcoin criticizers have continued saying that bitcoin is a bubble and it would burst.But its not a bubble.A bubble is a stock or an asset which has been overvalued much that what value it actually has.But bitcoin is not overvalued.Also,it is not just a piece of investment.It is mainly backed by the demand which it has since it is mostly used for trading purposes and also after lightning network gets activated,it would also be used more as a currency.We could now see bitcoin price once again rising.
I think that Bitcoin can not be overestimated for a crypto currency user, But in fact, its price is really sky-high. The fact is that any project that has its own coin, fixes for it or a product or service, but at the same time Bitcoin has nothing at all. Even the etherium has its value more than Bitcoin. But it's really quite different.
oegarod
Sr. Member
****
Offline Offline

Activity: 602
Merit: 252


View Profile
January 07, 2018, 05:55:06 PM
 #40

This doesn't mean to be a bubble, because with bitcoin price grows unexpectedly. This quite often gets termed to be a bubble by the users who doesn't have a bigger and better knowledge about bitcoin as well other digital currencies. In my view bitcoin is a growing asset which is to make a change in the world.
Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!