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Author Topic: Prove Bitcoin is not a bubble  (Read 827 times)
freightjoe (OP)
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December 28, 2017, 07:17:04 AM
 #41

you can only prove it IS a bubble, not the other way. until it is so widely adopted - like credit cards

Plain wrong - so far no-one has put forth any solid analysis showing the value should be any different from close to zero
Agetan
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December 28, 2017, 07:20:07 AM
 #42

As bitcoin holder, i dont need to drove to the other that bitcoin is not a bubble. I think bitcoin is bubble butbits not important.
The most important is the profit from bitcoin.
cyruh203
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January 05, 2018, 02:56:05 PM
 #43

bitcoin is already proven long long time ago, no one can predict bitcoins futurei f its a bubble or not. the important thing is, BTC is strong strong and popular in the present we earn and save for the future.  .

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emmanborromeo67
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January 05, 2018, 03:02:22 PM
 #44

For me bitcoin is not a bubble because more investor is invest to bitcoin and bitcoin is a wellknown coin.
Dapper
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January 05, 2018, 03:08:35 PM
 #45

This type of thread is about as useful as 'prove Elvis was not an alien' or 'prove that we are not living in some kind of Matrix.'

sent from my X6
Bob-Bit
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January 05, 2018, 03:20:11 PM
 #46

Its hard to prove a negative. What is the value of a peice of paper currency? What is the value of web domain? It's subjective to who want's it, and how bad. Regardless, if you saw that (for instance) www.shop.com was for sale for $5, you could be pretty sure that the value of it would be worth more then $5, and it could be resold for a profit, because someone wants it. Bitcoin is kinda the same. Someone wants it, therefore it has value. Something might look like a bubble, but that doesn't mean it actually is one. I wouldn't suggest riding my bike full speed into it, you just might find out the hard way that what you thought was a bubble much more closely resembles the Epcot center. Ouch!

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Sachinist
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January 05, 2018, 03:36:35 PM
 #47

Cryptos have ZERO fiat value. There's just no way to measure permissionless currencies backed by nothing in terms of central bank backed currencies.

Not only Bitcoin but the whole market is in a bubble. New technologies always give rise to this sort of speculative frenzy. The whole market will crash dramatically sooner or later but that doesn't mean the concept will die when the market crashes.

All worthless shitcoins will die for good. The only question is who will rise from the ashes?
Bob-Bit
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January 05, 2018, 03:49:53 PM
 #48

Cryptos have ZERO fiat value. There's just no way to measure permissionless currencies backed by nothing in terms of central bank backed currencies.

Not only Bitcoin but the whole market is in a bubble. New technologies always give rise to this sort of speculative frenzy. The whole market will crash dramatically sooner or later but that doesn't mean the concept will die when the market crashes.

All worthless shitcoins will die for good. The only question is who will rise from the ashes?
I don't get it when people say they have ZERO value. How can you say that even? I have a Visa card linked to my Coinbase, and I could go to Amazon and buy basically anything I want with Bitcoin, so how can you say it has no value? It has whatever value the Coinbase index says. Now you could argue that tomorrow, or next week, or next year that it will have no value, but you can't say that it has ZERO value at the moment. If you can use it to buy something, it has value, weather you like it or not.

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ItalianBitcoin3r
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January 05, 2018, 04:00:04 PM
 #49

sorry but i think you are just hurted because you arrive too late...
;-)
Kprawn
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January 05, 2018, 04:29:07 PM
 #50

Is the US Dollar or any Fiat currency, tangible? It is tangible in many people's eyes because they TRUST that the

government will honour their promise. The same goes for any other central authority that manage tangible assets on behalf

of the owner. {That includes stock exchanges & other financial organisations} You are placing too much trust in centralized

authorities and they will fail you, like the Banks did in other countries.

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fulmetal08larz
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January 05, 2018, 04:39:44 PM
 #51

An unforeseen future of bitcoin does not mean it is a bubble. The amazing technology behind bitcoin and the potential for it to become the future of money is what makes most investors attracted to bitcoin, resulting for its price to grow exponentially. It is a revolutionary and different kind of investment unlike the traditional assets mentioned. Those who call it a bubble could only be fearing what they do not understand, and their reaction formation is to spread FUD and argue. It is better to have it and not need it than need it but don't have it.
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January 05, 2018, 04:45:37 PM
 #52

Bitcoin is special.Its value is not increasing because of marketplace lies. It is increasing because it is a life-changing financial invention. It is increasing because more people are adopting it. The “network effect” is in full swing.
rajuahmed330
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January 05, 2018, 04:48:43 PM
 #53

Bitcoin price is not a bubble as it justifies its value and ready to change revolution in world's market Platform.
There is a saying that one who is better than himself is not good, people who are good to say good. Bitcoin is like that. Remember your words, say good.

Be hardworker
armenwl
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January 05, 2018, 04:50:42 PM
 #54

If think deeply what fiat currency and even gold are bubble... can someone explain that thats not a bubble....
I think its just question of trust. Its problem each of us... somewone trust in god)) someone trust crypto.

The question is bitcoin bubble is not relevant in my opinion)
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January 05, 2018, 04:51:55 PM
 #55

Because I say so. That’s all you need to know.

I have further proof. Because if bitcoin is a bubble it might crash all the way down to zero someday and I won’t become a bagillionare with my $2.98 investment. So it’s not a bubble.

stoque09
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January 05, 2018, 04:54:08 PM
 #56

To tell it's a bubble , it's necessary to know a reference price of BTC, based on that , you are able to say if is a bubble or not . i'm not telling that BTC isn't overvalued, but nobody knows the real price of BTC yet. So i guess that we can't say it's a bubble
ItalianBitcoin3r
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January 05, 2018, 09:44:48 PM
 #57

To tell it's a bubble , it's necessary to know a reference price of BTC, based on that , you are able to say if is a bubble or not . i'm not telling that BTC isn't overvalued, but nobody knows the real price of BTC yet. So i guess that we can't say it's a bubble

dont forgeto this:
gold and diamond are precious... but if you want more you can mine and extract it.
not so, for bitcoin... there are just 21MLN.
coastbank
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January 05, 2018, 09:45:38 PM
 #58

It is widely used and accepted by many many people all around the world right now at 2018.

jeffer8035
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January 05, 2018, 11:25:03 PM
 #59

bitcoin is not a bubble, it is supply and demand, it can also be said that it is a public service, it also has utility, it is difficult to create it, it has work, it is anti government control, groups of power and anti hakers can not be created anymore.

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ItalianBitcoin3r
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January 06, 2018, 03:34:14 PM
 #60

i really don't understand why we continue to define it "bubble"
if it continues to rise since years, means there are a continuous demand for this asset.
and for that, it will continue to rise.
or not?
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