is it a bubble?

[herecomesjohnny]

Crazy Bubble nor Bubble is a market phenomenon, when the price has fluctuated wildly toward an abnormal rise, and resulting in some speculation or assumption among market analysts by calling it Crazy Bubble or Bubble and some even call it "Christmas Tree" LOL.

I hope that one more bubble will appear this year like the last year highest value of the Bitcoin. The term "Christmas Tree" was unknown to me and it made me laugh. I ventured off the main thread - Bubble is happening commonly a couple times in a year. The crypto bubble is widely known today because high volatility and performance we had seen in 2017. The riskiest bubble is not the Bitcoin itself or the other cryptos but the property market that is making new standards as we speak.

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[cristin]

The bubble ekonomi ( economic bubble ), gelembung speculative, atau gelembung keuangan adalah “trade in the volume of with the price is very different dengan nilai intrinsiknya”. [ 1 ] [ 2 ] ( in other words: memperdagangkan products or assets with a price of higher than the value of fundamentalnya. )

[Dheo]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

Bitcoin is a bubble of people entering into it. When there will be people more than the capacity of bubble, it will burst. And in the other case if its dip is for long time even then it is going to flop.

I don't think that bitcoin would go to failure, because Bitcoin will be with us in the next next generation ,maybe the price for now are not good but I'm sure bitcoin will recover it's price and will continue increase again.

[mcguire1905]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

It is possible that Bitcoin is a bubble -- One sign of a bubble is the absence of rational reasoning motivating buyers; they buy because the asset is going up.
Some say it will ultimately reach 100K before heading towards a major crash. And then its likely to rise again to yet an even higher amount than it was before.

[alabnoman]

Bubbles have the potential to boost either new technologies or the Internet in the 1990s or by new innovative finance (such as financial engineering to make the 2008 financial crisis). Of course, Bitcoin is both a new technology and a major financial change.

[johanesrobin]

Bubbles quickly enlarged then broke. it might be a simple sentence.
I feel the same fear with those beginners. Interest in Bitcoin must pass this stage. we are tested with confidence.
I am constantly looking for reasons to continue to believe in Bitcoin as the currency of the future.

[Jlimao28]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

In my own point of view, they said that bitcoin is a bubble thing because it will instantly pop up. We never say that tonight it will vanish or it will stay forever.  We don't know how it will end. Simultaneously, bitcoin's price also the reason why it is so called bubble. The speculations when it rapidly goes down boost to have fear in bitcoin. From now, bubble thing address in bitcoin.

[di.ako.toh]

Bitcoin is something that flap, with sudden up and down of price in the market. But the term bubble is i dont think it refers to bitcoin, because I see bubble that after a rapid increase it will just burst like its value will go down tremendously. While in, bitcoin it jas smooth trend that after a few minutes it goes up it will decrease, then increase again.

[wxa7115]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

What people mean when they say something is a bubble is something that is growing too fast but that is very frail and that anything can make it collapse, by that definition bitcoin is not a bubble, bitcoin is anything but frail, if it was, the governments of the world could have figured out a way to destroy it already, the fact they are settling for regulation instead shows how resistant is bitcoin.

[jaysabi]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

A bubble is an asset whose price rises faster than the value proposition should dictate. Since bitcoin is an asset with no inherent value, the value ostensibly comes from one of two places: 1) utility to perform a useful function (value transfer or store of value) or 2) speculation that someone in the future will be willing to buy the asset off of you for more than what you paid for (the later idiot fallacy). Bitcoin was supposedly created to fulfill number 1, value transfer/store of value, but it is much MUCH more widely used for number 2, which makes it prone to inflated price due to hype, FOMO and the collective delusion that the price cannot go down for [insert any number of unsound reasons].

Because there is no reliable mechanism for shorting bitcoin (an equilibrium force in the market), price is pressure primarily builds in one direction without a reliable counter force (someone betting against the price by shorting), and this further tends to skew assets like this into bubble territory. The bubble pops much more violently in these cases than assets that can be shorted easily because the buying pressure suddenly disappears and then there is a rush to get out of the asset by dumping coins on a smaller pool of buyers.

[justspare]

Maybe the unwelcome attention that some governments pay to it shows that Bitcoin is the real thing, not a bubble.

Bubble is when something is being sold at a price rate it’s not worth, to make it simple, let me just say it means speculation. But to be sincere, I don’t really see Bitcoin as a bubble or anything, but if the experts that are into this says so, then I can’t argue with them that it is not. Though recently they have reduced the price rate, and one thing you should know is that you can hardly please people, no matter what.

Now that the price is down, people are still complaining that it is low, and when it goes up again, they will call it a bubble. Sh*t!

[dinofelis]

Citing a well-worn comparison to the so-called “tulip bubble,” Shiller said that bitcoin has no value outside of the “common consensus that it has value,” which makes it different from gold and other commodities.

This is a funny comparison, as gold is one of the rare assets that also only have value because of the common consensus that it has value.  Gold is economically essentially almost useless.  It is only valued, because of the common consensus that it has value. 

As to the OP: yes, of course it is a bubble, and yes of course it burst.  Like in 2011, and in 2013.  And like the stock market in 1929.  And like the housing prices in 2007.  And like the dot-com bubble in the 90-ies.  Of course.  It is made to bubble.  That's what speculative finance is all about.

[jacksonmark30]

Citing a well-worn comparison to the so-called “tulip bubble,” Shiller said that bitcoin has no value outside of the “common consensus that it has value,” which makes it different from gold and other commodities.

This is a funny comparison, as gold is one of the rare assets that also only have value because of the common consensus that it has value.  Gold is economically essentially almost useless.  It is only valued, because of the common consensus that it has value. 

As to the OP: yes, of course it is a bubble, and yes of course it burst.  Like in 2011, and in 2013.  And like the stock market in 1929.  And like the housing prices in 2007.  And like the dot-com bubble in the 90-ies.  Of course.  It is made to bubble.  That's what speculative finance is all about.

Very well said...People speculate and drive prices up. Then fear sets in since it wasn't as good as promised and they start panic selling. Its true value comes out once the panic is over.

[jaysabi]

Citing a well-worn comparison to the so-called “tulip bubble,” Shiller said that bitcoin has no value outside of the “common consensus that it has value,” which makes it different from gold and other commodities.

This is a funny comparison, as gold is one of the rare assets that also only have value because of the common consensus that it has value.  Gold is economically essentially almost useless.  It is only valued, because of the common consensus that it has value. 

As to the OP: yes, of course it is a bubble, and yes of course it burst.  Like in 2011, and in 2013.  And like the stock market in 1929.  And like the housing prices in 2007.  And like the dot-com bubble in the 90-ies.  Of course.  It is made to bubble.  That's what speculative finance is all about.

Gold has inherent value in that it is used in industrial, medical, and other fields. Absent people's consensus that it is a store of value, it still has practical use which gives it a baseline value, which is not the case for Bitcoin. Bitcoin is purely speculative and has zero inherent value. Gold also has thousands of years of history as a valuable asset, so it is no longer the case that everyone just decides it has value. For centuries before you've been alive, gold has had value. Gold isn't speculative like bitcoin is in that you can be reasonably sure that gold will continue to have value in the future. The same is not true for an asset like bitcoin that has been around for only 10ish years.

[Similificator]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

well, the way i see it, bubble pretty much means a bubble. literally. and i am not joking. remember when you were young and you were playing with that toy that makes bubbles or when you are the one producing the bubbles with the use of some toy that you blow on? now, as what you have observed, when you blow on your toy too hard and the bubble gets bigger and bigger, it will eventually pop if you do not stop blowing on it. just like here in the crypto world, people often use the word "bubble" or the phrase "bubble is going to pop" on cryptos that are getting pumped so fast or increasing too fast(bubble). now the word "pop" signifies the time when people are already dumping and the coin's value is decreasing drastically because of the people taking profits together with all the panic sellers wanting to break even or cut losses.


hope this clears things up for ya, good day op.

[Ulan01]

bubble is a very high price increase as the term is often called the price is skyrocketing. indeed the word will be very confusing as I was ever confused with the term bubbles but after my friend explained now I can already know the meaning of the bubbles are often said by some people who are here. besides that there are still a lot of terms about the terms associated with crypto but I will continue to learn it and I will also still ask some things that I myself do not know that is with caraberkonsultasi to my friends who understand more.

[MCVXYZ]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

today's price shows that people trust bitcoin,We know that there is no economical system behind the bitcoin,this price is just an index of trust and this trust was created by proper use of revolutionary technologies.It is a revolutionary idea of blockchain technology,its just an artificial intelligence and how it could be bubble? Bitcoin is just an example of how we can create decentralized society,for example decentralized infrastructure,decentralized communications,social decentralized networks, where noone can control our converstations and censoring because there will be trust and not fear of something...

[deisik]

Citing a well-worn comparison to the so-called “tulip bubble,” Shiller said that bitcoin has no value outside of the “common consensus that it has value,” which makes it different from gold and other commodities.

This is a funny comparison, as gold is one of the rare assets that also only have value because of the common consensus that it has value.  Gold is economically essentially almost useless.  It is only valued, because of the common consensus that it has value. 

As to the OP: yes, of course it is a bubble, and yes of course it burst.  Like in 2011, and in 2013.  And like the stock market in 1929.  And like the housing prices in 2007.  And like the dot-com bubble in the 90-ies.  Of course.  It is made to bubble.  That's what speculative finance is all about.

Gold has inherent value in that it is used in industrial, medical, and other fields. Absent people's consensus that it is a store of value, it still has practical use which gives it a baseline value, which is not the case for Bitcoin. Bitcoin is purely speculative and has zero inherent value. Gold also has thousands of years of history as a valuable asset, so it is no longer the case that everyone just decides it has value. For centuries before you've been alive, gold has had value. Gold isn't speculative like bitcoin is in that you can be reasonably sure that gold will continue to have value in the future. The same is not true for an asset like bitcoin that has been around for only 10ish years.

I support this stance since this is what I mostly say myself

Though I have to add a small but important commentary here. Gold's inherent value mostly consists in its direct use as jewelry. I certainly understand that defending your position (and mine, for the record, since I share it with you here) by emphasizing the use of gold in industrial and medical fields is a lot easier but it is not required since you can't argue with the numbers. And the numbers are that the jewelry industry is responsible for over 50% of the global demand for gold, over 35% of gold is used for investment purposes (central bank gold reserves as well as the IMF stash and private investments), and only around 8% is used in electronics, with other fields sharing the leftover. On the other hand, Bitcoin has inherent value too, which is called transactional utility, but today, with its extortionate fees and infinitely long confirmations, it is minuscule and utterly irrelevant

[Proton2233]

The man himself comes up with values. Jewelry are not vital. It becomes apparent in time of war or disasters. Surrounded during the war, people changed the expensive diamonds and gold on a piece of bread. In order not to die of hunger. So for me, bitcoin and gold are of equal value.

[mikeey89]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

The reason why they say it's a bubble is because they don't believe in the technology, or they want to scare people from investing so the banks can keep the power they have.