Hell-raiser
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February 08, 2018, 07:48:07 PM |
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The bubble is the banking system of the whole world, and we do bitcoin ourselves, as we ourselves impart its value using it in everyday life for calculations and transactions. The larger the bitcoin community the more and the bitcoin value. He can not burst at one point, because too many people believe in him!
The US debt have already just passed 1 trillion dollars, and is projected to continue to increase at an alarming rate this year due to the tax cuts (that mainly benefited the corporations and super wealthy). And Trump have suggested that he could just print money to settle it. -_- If fiat "crashes" (inflates), I guess cryptos would thus become more valuable in relative to those currencies, maybe. Especially if some people loses faith in fiat and puts in more into cryptos and go for the long-term; especially now at this great price. We can expect or speculate that if fiat crashes and massively inflates, people will lose purchasing power of their money and their savings are going to depreciate. Therefore, they will become poorer all in all, and they will have less spare money to invest in speculative assets like crypto. In that case, the wealthy, while they will definitely have some cash, would rather invest it in gold and other hard assets. So it is difficult to say whether cryptocurrencies will get a serious boost if fiat money like the dollar should fail. In my opinion gold is heavily overvalued already and wise people wouldn't invest in it nowadays. A reasonable price for gold would be $800/oz, not $1,300/oz like it is right now. Don't forget that many people have already lost a big part of their investments with gold. The price was $1,840/oz in July 2011 and it has never recovered from falling to $1,300 in June 2013. I would prefer to invest in silver which at least not so much overvalued right now and will almost certainly not fall in the future. Actually, I don't think we can take 2011 gold prices as basis for comparison. If gold was overvalued, it was when its price hit $1,840 per ounce. Back in the day, the Fed had been running their sets of quantitative easing, an aptly euphemism for printing money, and the money got poured into various markets including derivatives markets, which made gold prices soar. In other words, it was artificial rise brought about by sectoral devaluation of the dollar, if you understand what I mean. Today's prices are pretty solid, so there is no reason to think that gold is overvalued now.
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Zentor
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February 08, 2018, 08:02:39 PM |
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Yes, it is. But don`t worry. Almost every major project had bubbles, like NASDAQ, Amason, Google. Price would not crash soon and would be much higher after some time
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Betwrong
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February 09, 2018, 02:23:21 PM |
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The bubble is the banking system of the whole world, and we do bitcoin ourselves, as we ourselves impart its value using it in everyday life for calculations and transactions. The larger the bitcoin community the more and the bitcoin value. He can not burst at one point, because too many people believe in him!
The US debt have already just passed 1 trillion dollars, and is projected to continue to increase at an alarming rate this year due to the tax cuts (that mainly benefited the corporations and super wealthy). And Trump have suggested that he could just print money to settle it. -_- If fiat "crashes" (inflates), I guess cryptos would thus become more valuable in relative to those currencies, maybe. Especially if some people loses faith in fiat and puts in more into cryptos and go for the long-term; especially now at this great price. We can expect or speculate that if fiat crashes and massively inflates, people will lose purchasing power of their money and their savings are going to depreciate. Therefore, they will become poorer all in all, and they will have less spare money to invest in speculative assets like crypto. In that case, the wealthy, while they will definitely have some cash, would rather invest it in gold and other hard assets. So it is difficult to say whether cryptocurrencies will get a serious boost if fiat money like the dollar should fail. In my opinion gold is heavily overvalued already and wise people wouldn't invest in it nowadays. A reasonable price for gold would be $800/oz, not $1,300/oz like it is right now. Don't forget that many people have already lost a big part of their investments with gold. The price was $1,840/oz in July 2011 and it has never recovered from falling to $1,300 in June 2013. I would prefer to invest in silver which at least not so much overvalued right now and will almost certainly not fall in the future. Actually, I don't think we can take 2011 gold prices as basis for comparison. If gold was overvalued, it was when its price hit $1,840 per ounce. Back in the day, the Fed had been running their sets of quantitative easing, an aptly euphemism for printing money, and the money got poured into various markets including derivatives markets, which made gold prices soar. In other words, it was artificial rise brought about by sectoral devaluation of the dollar, if you understand what I mean. Today's prices are pretty solid, so there is no reason to think that gold is overvalued now. Let's think about the situation you described. Were those "printed money" destroyed or have they just disappeared afterwards? No. And yet, with all those money in the market the gold price had fallen from $1,840/oz to $1,300/oz. Taking into account that the price was only $300/oz in 2002 and was even lower before that, we can come to conclusion that the 2004-2011 rising was over-proportionate to the amount of "printed money". That's why I'm saying that maybe $800/oz is okay for today's gold price, but not $1,300/oz. Among all the financial bubbles gold is the ultimate one according to George Soros, and I agree with him.
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BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
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engrlodi
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February 09, 2018, 02:32:31 PM |
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In my opinion, bubble in the cryptocurrency is when the value is going higher higher then it reaches the highest price then it will going popped the bubble. Popped the bubble is that bitcoin will go down or it is the end. Bitcoin is not a bubble because bitcoin is the most trusted cryptocurrency out there and it will be a great cryptocurrency now and in the future. Let us be optimistic that bitcoin is not a bubble and I think bitcoin is not a bubble because many invesyors wants to invest more in bitcoin and bitcoin will be successful in the future. Let us hope for the future of our bitcoin.
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CarnagexD
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February 09, 2018, 02:51:56 PM |
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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 can be a form of a bubble in terms of fast changes or transaction on its value and price. It is hard to invest out of something without a future to grow if we will classify bitcoin as a form of bubble that might pop in the future or disappear. Bitcoin is much more than that , because it is decentralized meaning that it could develop and can experience progress out of the support of people on dealing with bitcoin in the form of investments and tradings.
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pilitusanelidus
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February 09, 2018, 03:38:40 PM |
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It's a bubble from point of view that it growth thanks to it's popularity and being hot topic for mass media and every powerful man in this field can make it bigger or smaller just saying smth. But it's a still great creation of mankind and I believe blockchain technology soon will be used in thousands of fields
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Hell-raiser
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February 09, 2018, 05:05:58 PM |
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We can expect or speculate that if fiat crashes and massively inflates, people will lose purchasing power of their money and their savings are going to depreciate. Therefore, they will become poorer all in all, and they will have less spare money to invest in speculative assets like crypto. In that case, the wealthy, while they will definitely have some cash, would rather invest it in gold and other hard assets. So it is difficult to say whether cryptocurrencies will get a serious boost if fiat money like the dollar should fail.
In my opinion gold is heavily overvalued already and wise people wouldn't invest in it nowadays. A reasonable price for gold would be $800/oz, not $1,300/oz like it is right now. Don't forget that many people have already lost a big part of their investments with gold. The price was $1,840/oz in July 2011 and it has never recovered from falling to $1,300 in June 2013. I would prefer to invest in silver which at least not so much overvalued right now and will almost certainly not fall in the future. Actually, I don't think we can take 2011 gold prices as basis for comparison. If gold was overvalued, it was when its price hit $1,840 per ounce. Back in the day, the Fed had been running their sets of quantitative easing, an aptly euphemism for printing money, and the money got poured into various markets including derivatives markets, which made gold prices soar. In other words, it was artificial rise brought about by sectoral devaluation of the dollar, if you understand what I mean. Today's prices are pretty solid, so there is no reason to think that gold is overvalued now. Let's think about the situation you described. Were those "printed money" destroyed or have they just disappeared afterwards? No. And yet, with all those money in the market the gold price had fallen from $1,840/oz to $1,300/oz. Taking into account that the price was only $300/oz in 2002 and was even lower before that, we can come to conclusion that the 2004-2011 rising was over-proportionate to the amount of "printed money". That's why I'm saying that maybe $800/oz is okay for today's gold price, but not $1,300/oz. Among all the financial bubbles gold is the ultimate one according to George Soros, and I agree with him. The printed money was not destroyed because it was used for two purposes. First, it was used to wipe off debts which came about as a result of subprime mortgage crisis of 2008, and then to boost the economy. In other words, there was no necessity for this money to be destroyed afterwards. At least, this is what I think. Regardless, whatever George Soros can say, he is likely the last person whose words we should take at their face value. Right after Warren Buffett.
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princesspoppy
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February 09, 2018, 05:34:43 PM |
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I myself really don't know the meaning of bubble being described/named to bitcoin, but base on my understanding and interpretation, bitcoin is considered as a bubble for the reason that it may pop/disappear anytime for its intangibility (some says) and instability which can lead to people's loss. Also, it can be considered as a bubble because of its fast rising price which is we all know started from lesser price than it is right now. I don't know which one of this two is the meaning of bubble their talking about (the negative one or the positive one) but that answer is either one of them. I think? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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juragane
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February 09, 2018, 06:58:11 PM |
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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
can be said this like buble because the price at high time can suddenly break and fall to the base price when bitcoin already has no longer selling price or no enthusiasts at all.
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ragavancoin
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February 09, 2018, 09:03:46 PM |
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Bitcoin or any crypto currency are not a abubble it's our future digital money so I think it's not a bubble can check the Bitcoin or any other coins history for reference.
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dragoz11
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February 09, 2018, 09:45:52 PM |
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the bubble that is created into the real world has not any base and when it pops there is nothing left behind it, it is like it never existed, not any sign is left. So by saying bubble they mean that btc would be here for a certain of time and when it pops there would be nothing left behind it.
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Coral27
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February 11, 2018, 02:33:19 PM |
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A bubble is something to do with bitcoin's price at a very high value and one thinks that it will pop (drop its value at a very low price) just like a real bubble that pops when its water contents evaporates, dryness, or air turbulence.
Yeah right now the environment of bitcoin bubble is a bit rough so it is time to wait for it to get pleasant once again, it is said to be the most expensive currency but it has more potential to increase in price but we will have to wait for some more time. But if we look at the present value and importance of bitcoin we will see how fast it is grow and make everything easy for people but wait till this bubble get to the suitable place.
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H0USE
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February 11, 2018, 02:56:27 PM |
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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 term related with something overvalued like stocks and coins and not on the actual price due to exceesive specualtion and demand and could burst anytime crashing the market.The current situation of btc market seems the same but in reality its not.The prices went hugely up in last year but now they have gone down but soon will recover so avoid any negativity around you and be wise and patient.
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nightways
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February 12, 2018, 05:34:18 AM |
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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 like a bubble where it can expand and then suddenly can popped. But I am sure that it is not like a bubble because bitcoin has been here for almost a decade. And it can be considered as a strong investment so it is not what like other people are thinking. As a newbie and new to cryptocurrency, you might think that way. Panicked about its current price. But I still believe with bitcoin, its price will still goes up. It’s been almost more than a decade since bitcoin has been introduced and by seeing the graph of it, it is evident that the values of bitcoin are increasing and decreasing just like other businesses. So the bitcoin business is the same as many others of this kind, its value depends upon shares and market values and number of investors. So it is not a wise statement to use that the bitcoin is a bubble. Many companies getting involved in bitcoin, governments thinking to legalize it, all are an evidence that it is not merely a bubble.
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yonjitsu
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February 12, 2018, 07:36:17 AM |
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Technically, a bubble as applied to cryptocurrency is about its market price. Since bitcoin has risen drastically to 20,000$ last year, other people refer to it as a bubble that may burst (plunge down) its value anytime soon.
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YinShuiSiYuan
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February 12, 2018, 10:11:19 AM |
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Technically, a bubble as applied to cryptocurrency is about its market price. Since bitcoin has risen drastically to 20,000$ last year, other people refer to it as a bubble that may burst (plunge down) its value anytime soon.
A similar situation took place on the stock exchange recently, where prices fell strongly. Then nobody called it a bubble. It is convenient to use this term for cryptocurrencies and to scare people.
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removebeforeflight
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February 12, 2018, 10:21:07 AM |
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Bubble is like a shadow or not real in meaning people referred Bitcoin when it was reaching high price, but that is not true and this "Bubble" is actually a negative word spread on Bitcoin by the banks and those who don't know exactly what is Bitcoin is about. Bitcoin is real and as people said or referred as bubble have made super rich persons from the middle class.
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Erza
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February 12, 2018, 12:32:37 PM |
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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 term related with something overvalued like stocks and coins and not on the actual price due to exceesive specualtion and demand and could burst anytime crashing the market.The current situation of btc market seems the same but in reality its not.The prices went hugely up in last year but now they have gone down but soon will recover so avoid any negativity around you and be wise and patient. This is somehow just speculation that you can make right? There is no solid answer that you can prove that its price going to raise again. People just giving support on each other to make sure that everyone hold their coin but no one really can predict the future yet. For now I can say bitcoin is still bubble just because there are so many panic seller and buyer. If there is some sudden things, market will always fluctuative more than usual days
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wxa7115
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February 13, 2018, 09:42:43 PM |
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Technically, a bubble as applied to cryptocurrency is about its market price. Since bitcoin has risen drastically to 20,000$ last year, other people refer to it as a bubble that may burst (plunge down) its value anytime soon.
A similar situation took place on the stock exchange recently, where prices fell strongly. Then nobody called it a bubble. It is convenient to use this term for cryptocurrencies and to scare people. There is the intention to spread FUD that is true but we cannot deny bitcoin price was in a state of bubble 20k for each coin was a huge price which was impossible to maintain, the stock market is also bubble and it will crash in the future, but the percentage it went down was smaller than the percentage bitcoin lost in a month also the media cannot say that about the stock market since their owners have interests there and they will lose money if they said that.
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faithupgrade
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February 13, 2018, 10:53:32 PM |
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I believe Bitcoin would crash someday but not now. We could still see 100k. Bitcoin is a market trend now it is so impossible to crash. 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
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