Is bitcoin like a Bubble ?

[stevemichael]

Some people say bitcoin is like a bubble and it will burst one day.
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?

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[tuskacz]

It is, and it will go down to $1000 soon because bitcoin is impractical and has exorbitant transaction fees and takes hours or weeks to confirm transaction.
For example average bitcoin fee is $5-20 whereas bitcoin cash is 2 cents only. So people willl move to altcoins which are more practical (facebook will implement litecoin soon) and bitcoin will burst 

[Herbert2020]

bitcoin is not "like a bubble", bitcoin as something that is traded and has value goes into baubles from time to time which is kind of a normal market behavior in any market.

and yes bitcoin was in a bubble, a lot of bubbles actually some of them big and some of them small which lasted a short time. the last bubble bitcoin had was the $20000 price which burst and was corrected last month when price dropped down to ~$14000 and with the recent drops it went below the real value like an over-correction because of lots of weak hand newbies.

[AmericanBit]

Some people say bitcoin is like a bubble and it will burst one day.
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?

No it is not like a bubble it is like assets, and price frustration is normal for any asset. There were a lot of examples in history, when price of gold, oil and etc was going down or was growing, same is for bitcoin.

[HabBear]

Is it true that bitcoin is like a bubble ?

Bitcoin is not a bubble. Cryptocurrency is a bubble. The amount of ICOs (initial coin offerings) coming out is insane and most of them don't have any real business model or utility to offer the non-cryptocurrency market. Most of these new coins or tokens will never have any value and those that do only have value because people believe they might take off someday (like Bitcoin). But if the token has not value to the market, the value will collapse from the weight of that speculation.

Bitcoin, on the other hand, has utility as an investment asset class (more so than a currency) and has seen multiple corrections after quick run ups, particularly in 2017. These corrections represent the relieving of investment pressure that builds up over time.

Some people compare Bitcoin to the internet bubble, this is a fair comparison. And in that scenario Bitcoin is Google. Google didn't die after the internet bubble collapsed. It's value went down and then it continued to grow. Litecoin is Yahoo. Ethereum is Amazon. But a lot of these ICO tokens are "Pets.com", they'll disappear and never be heard of again.

[noonc]

Its growing value has proved its worth - and of course its price will fluctuate, just like any new technology. But it is obviously not a scam. When people become accustomed to paying and receiving money using bitcoin, they stop using the dollar, the euro, and the yuan, devaluing them over the long term. The potential of bitcoin will slowly prove that it is not a bubble

[batang_bitcoin]

Some people say bitcoin is like a bubble and it will burst one day.

Not only some but there are plenty of them that said that bitcoin is not only like a bubble but its literally a bubble. And you know what? it has burst for so many times.

Now current situation we can say its price is going down and down.

Its not going down and down, but its up and down. That's a normal thing in a free market that is decentralized to make things balance.

Is it true that bitcoin is like a bubble ?

In my opinion, its not but for others it is.

[franky1]

i think some dont understand "bubble"

so here goes

for example, the real estate bubble: houses exist and have function. this means that a bubble is not about investing in imaginary/fake things. it means investing in things that exist and have value.... but if it is in a bubble, then the PRICE is speculated far higher then its underlying value

EG
imagine a bath/sink of soapy water
bitcoin/houses are the water, true value is the water level. and the PRICE is the speculative vapour above the water line, because when many people try to stir up the water, a bubble forms (over priced).

when the water calms and settles and the bubbles burst, the real value underlying can be seen

in short bitcoin is not a bubble.. but bitcoins PRICE is currently in a bubble(over priced)
and only when you can see the true underlying value (a new low price that it never drops below) you learn the difference between price and value.(bubble and water line)

[trecore4]

Some people say bitcoin is like a bubble and it will burst one day.
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?

Some people say bitcoin is like a bubble and it will burst one day.

These are the people in the big industries who got their life ruined because many millionaires were formed after the up surge of the bitcoin. They got jealous of the idea behind bitcoin and how it made many easy peasy millionaires! Lolz. Also if you see the social medias then common people are supportive than these people.

Now current situation we can say its price is going down and down.

Im great believer of the bitcoin and according to me this is natural wave which has to be here at this point of year. With such down value many investors get attract to it and then they help grow our community more stronger. The effect can be seen in the later parts of the year.

Is it true that bitcoin is like a bubble ?

The question is for how long will they keep saying it as bubble? The bitcoin has already achieved great milestones and people still called it as bubble. Thats a shit thing.

[bisdsad]

Bitcoin has existed for nine years, and from the beginning people are not optimistic. People are always vilifying and bitter against Bitcoin, but Bitcoin is getting better and better. When people are used to using bitcoin as a means of payment in the future, they know what they are missing now.

[Twentyonepaylots]

I think bitcoin is not a bubble because, the value of bitcoin also has some downs in it, and a bubble is always growing larger and larger, while bitcoin is growing larger and getting smaller by the minute.

[paolo099]

after 9 years of strong life BTC has been called in many different ways, and bubble is one of the most used due to high fluctuation in price.
It depends how you define bubble because, for example, what we have seen at the end of 2017 it might be called bubble: bull rush to the all time high and then boom, the bubble exploded and BTC is back to normal price.
From the other side of the coin this is a correction and not a bubble and this wasn't the first nor the last time it will happen.

[xiaohao111]

I don't think so.
I think it's normal that the price of bitcoin is reduced.
Review the development of bitcoin.
You'll find it's a normal thing to do.
Finally, bitcoin returns to normal.

[ShelbyGT500]

No, this is not a bubble. Since the bubble has a place to burst. It's bursting because someone's promises do not come true. But bitcoin did not promise to anyone. This is a means of payment and reward.

[judaspriest]

Some people say bitcoin is like a bubble and it will burst one day.
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?

there is much discussion like this in this forum. you should try to find a new discourse or at least you seek knowledge through reading. you are wrong, bitcoin is not what you say. there is a lot of knowledge here to help your understanding and knowledge. you should try to read a lot.

[onnz423]

I would say it is quite obvious bitcoin is not a bubble, bitcoin has been going strong for almost a decade now, that's an unusually long lasting bubble, even the dotcom bubble didn't last anywhere near that long. Bitcoin still has massive room for growth, with 100x growth still feasible, as clearly less than 100th of the population use bitcoin. I would say bitcoin is more like early currency, it will grow, it will expand, and its utility will increase as more use cases are discovered. Bitcoin will not pop any time soon, it is still in its infancy.

[CryptoBry]

Some people say bitcoin is like a bubble and it will burst one day. Now current situation we can say its price is going down and down. Is it true that bitcoin is like a bubble ?

Many of the technological advances we have once they get popular experienced some sort of a bubble...but if one is really useful to humanity it can get stable and be permanent fixture for use by interested people. The question is: Will Bitcoin be really useful for many of us? Your question or concern is directly tied to the answer to that question but since this is a very theoretical question the answer can vary from one extreme answer to the other. In other words, only time can tell if Bitcoin will go bubbles. Just watch out for that.

[noonc]

The rapid price rise does not constitute a bubble. Artificial overestimation will lead to a sudden downward revision, will constitute a bubble. The selection of individual behaviors based on thousands of market participants leads to the volatility of bitcoin prices as a result of market-determined prices. Emotionally, the reasons for price changes include: loss of confidence in Bitcoin, not based on the huge differences between the price and value of the fundamentals of Bitcoin economy, more and more news reports that stimulate speculative demand, and not Certainty of fear, outdated, irrational prosperity and greed.

[Nerman]

Many financial experts see characteristics of a bubble in bitcoin and so they assume that bitcoin is also a bubble. I think what this experts do not understand is the technology of  bitcoin, what it can do to change the financial system in the world. They are just focusing on the chart and not studying what bitcoin really is.

[Renampun]

I think this has already been discussed in a previous thread, if Bitcoin is a Bubble, it will be much more harmed than the profits, no problem can make sure Bitcoin is Bubble....