BonoWantTheBitty (OP)
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December 21, 2017, 07:28:53 AM |
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What are some of the things that constitute a bubble, and what makes bitcoin a bubble/not a bubble? what are your opinions?
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Mir Jan
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December 26, 2017, 11:53:54 AM |
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Impossible to know for certain. But here’s the contrarian view:
If there is just a 1% chance that cryptocurrency is “the future of money,” then the entire sector is currently undervalued.
The global money supply currently stands at $90 T, so 1% is $900 B. The total market value of all cryptocurrencies is just under $270 B.
And, I personally believe there is a greater than 1% chance that crypto is the future of money. My gut tells me it’s closer to 20–30%.
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Meysa_richa
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December 26, 2017, 12:25:54 PM |
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Especially I think because of high demand, maybe request from the company or from individual.
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lesya-ya
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January 21, 2018, 11:51:08 AM |
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The economic bubble is a phenomenon whereby the rush demand for a specific product, as a consequence, entails a rapid price increase, which, in turn, provokes a further growth in demand. This cycle literally «inflates» the price, hence the name bubble.  |
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fabioganga
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January 21, 2018, 06:03:23 PM |
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I can't believe that people still ask this after Bitcoin has proven, time and time again, NOT to be a bubble!  Bitcoin is here to stay, it is increasing worldwide adoption and has recovered from price drops many many times. It's in great health and will continue to be healthy. |
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drm
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January 21, 2018, 06:08:19 PM |
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People have been saying bitcoin is a bubble since it was only a few dollars |
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Dudeperfect
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January 21, 2018, 06:34:33 PM |
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A bubble is something that is hiked artificially and does not have any practical base. However, Bitcoin not a bubble because we have some ideology and philosophy for it and it is very simple that to use the power of decentralization in order to deal with the issues of the centralised payment system. The user base was very small during the initial years but then it gained the price as per the increase in the user base so that is a key point in Bitcoin. The whole system relies on the decentralization and everyone trusts each other due to the clever code.
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Arifull Islam
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January 21, 2018, 06:37:04 PM |
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We can't say it a bubble.bitcoin is a changing crypto currency.
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maynguyen
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January 21, 2018, 06:45:03 PM |
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What do you think about this? In my opinion, bitcoin is not like a bubble. bitcoin is growing and it is used by many people, bitcoin is accepted by some countries.
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ryan2018
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January 21, 2018, 06:49:47 PM |
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The bubble condition occurs when the price of a commodity far outweighs the fundamental fundamental value due to the ever increasing number of requests, I think the bitcoin price is still below its fundamental value, just now we buy bitcoin when the bitcoin price is being undervalued now. Bitcoin could be bubble, but I think it will happen in the 500 thousand us dollar
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Reez
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January 21, 2018, 06:51:00 PM |
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No. Bitcoin is not in a bubble. It's value will only increase in the long term.
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JPCain
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January 21, 2018, 07:04:12 PM |
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People say it's a bubble because It Is speculative. Most investments are speculative. Especially in the earlier stages and I believe that's where we currently are.
People also say it has no intrinsic value like gold and other precious metals. Trust me. Gold isn't that useful. Certainly not to the value it hold.
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cherryganda
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January 21, 2018, 07:04:39 PM |
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What are some of the things that constitute a bubble, and what makes bitcoin a bubble/not a bubble? what are your opinions?
If bitcoin is a bubble till now than i am loving what bubble is! bubbles that make so many people millionaires not just in bitcoin holdings but, people are smarter now they just dont hold they do tradings and investment therefore if the investment is good you earn more and bitcoin is the base price of any altcoins on any exchangers except ethereum! |
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Mike Mayor
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January 21, 2018, 07:12:18 PM |
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Bubble bubble twirlin trouble. xD What's this obsession clueless people have with bubbles? You never had enough bubbles in your bubble bath as a kid or something? Calling Bitcoin a bubble is just fail. Very simplistic thinking. If Bitcoin is a bubble it's not just one bubble and it can't be because it's decentralized so if you must talk about bubbles then Bitcoin is millions of bubbles. Try pop them it's fun to watch.
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