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Author Topic: BITCOIN IS NOT BUBBLE!!  (Read 1451 times)
sensimilia
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March 31, 2018, 04:28:32 PM
 #41

Bitcoin is not a bubble , because that have best block chain technology and tons of potential to rise again and again in future , do not think that it could drop to zero price any day.

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CryptoEnthused
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March 31, 2018, 04:35:18 PM
 #42

Lets face it,  BTC is in trouble.  bTC's Bubble exploded at 19k.  Now we are heading downto  3k or lower.  After that another journey for BTC.

I agree with you. Why reject the truth. BTC was growing like crazy especially in September-December without any particular reason, it was all hype and speculation. We were in a bubble and now it burst. But at the same time I don't think it will go any lower than 6k. Strong support at this price. I think we will see 20k+ this year anyway. Bubble burst and it will recover because of the technology behind it.
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March 31, 2018, 04:44:49 PM
 #43

BTC is definitively a bubble even if the price is $1

What is a bubble?
A bubble is a share where the price is so high that the profit rate is under the real profit rate.

With the BTC,we know that the profit is "zero"
It is why the BTC is definitively a bubble.

A bubble does not mean it is something you should not buy...you have just to know that it is very risky,because a bubble can...burst.

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March 31, 2018, 09:40:44 PM
 #44

I think so. bitcoin is the future currency. I am its natural thing if in btc development there are those who agree and who do not agree, but bitcoin cant dammed with negative news, so i believeif btc have bright future, so I believe bubble will not happen
Obviously there is no way to consider bitcoin a bubble because it is not having a sort of temporary market or is a currency that is limited by use or time. There is a big lot of people who are enjoying making wealth and living the lives of their dreams with bitcoin. Those who are kind of against bitcoin are those who do not know in detail about bitcoin and its working. Once they make profit with it, they would not go against it.
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March 31, 2018, 09:48:17 PM
 #45

I think so. bitcoin is the future currency. I am its natural thing if in btc development there are those who agree and who do not agree, but bitcoin cant dammed with negative news, so i believeif btc have bright future, so I believe bubble will not happen
Obviously there is no way to consider bitcoin a bubble because it is not having a sort of temporary market or is a currency that is limited by use or time. There is a big lot of people who are enjoying making wealth and living the lives of their dreams with bitcoin. Those who are kind of against bitcoin are those who do not know in detail about bitcoin and its working. Once they make profit with it, they would not go against it.
The real reason behind economist and wall street experts saying that bitcoin is just a bubble and soon it will collapse, is because they don't want it to become popular, they don't want people using it and getting profit from it, because simply it is against their interest if bitcoin goes up, because simply think about it if a guys who owns billions of dollars in a stock market where it involves around fiat currencies, like USD/Euro or something of that sort, and if people find interest and profit in cryptocurrency which they did it will take over the whole trading market and everyone who invested their money in other things will lose a lot, and that is why they say that and that is why they are trying their hardest to bring this whole thing down.
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March 31, 2018, 10:20:21 PM
 #46

Bitcoin is not a bubble , because that have best block chain technology and tons of potential to rise again and again in future , do not think that it could drop to zero price any day.
Yes, Indeed. Bitcoin have a high potential against any other crypto, thousands of people believe in it as I do, even in his worst situation. It is not a bubble and never be a bubble, people who said for the reason to destroy bitcoin, but I know that there is a lot of true bitcoiner, they can't believe this FUDs never and ever.
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March 31, 2018, 10:32:38 PM
 #47

I think you should educate yourself on what "a bubble" is. https://en.wikipedia.org/wiki/Economic_bubble
It's a financial construction, not a technological one.

The blockchain is a technology with great potential, and the value of cryptocurrency market is still far from a dot-com bubble. However, Bitcoin actually does have all the characteristics of the economic bubble (an asset at a price or price range that strongly exceeds the asset's intrinsic value).
At the end of the last year, it reached the point where it was one of the assets of the greatest value in history, backed up by what - a great potential? Bitcoin is an unfinished product worth over 7.000 USD per piece. It is a bubble. However considering its potential, its value is still far from the value it might reach. It means that in the end, it's the bubble that won't burst before its intrinsic value reaches the heights of its financial value. Then it won't be a bubble anymore.

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March 31, 2018, 11:06:39 PM
 #48

Today, the Internet World is full of people who are called economists who say bitcoin is a "bubble." they seemed to spread fear, uncertainty, and doubt. They say that the bitcoin high price rally will be a disaster. however, it looks like they just hate cryptocurrency. many of these experts do not fully understand bitcoin.

Bitcoin is special. This is not a company that can lose profitability and fail. This is certainly not a speculative real estate scam that could collapse due to government and bank fraud. Bitcoin is something else. Its value does not increase due to market lies. This is increasing because it is a life-changing financial discovery. This increases as more people adopt it.

Bitcoin also grows as a result of basic economy. Its supply is limited to 21 million units and this certainly makes assets scarce.  If something is scarce and many people want it, then, its value will eventually increase.

So.. Bitcoin is not Bubble!!

I think Bitcoin is not a bubble, why? It is because Bitcoin now has it's boundary on its drop and would not become zero, unless people will stop patronizing cryptocurrencies.

Yes you're right bitcoin is not bubbles impact the popularity of bitcoin until now is still exist. Many people around the world invest their money in bitcoin. They give their fully trust in bitcoin. So bitcoin is legit.
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March 31, 2018, 11:47:19 PM
 #49

Today, the Internet World is full of people who are called economists who say bitcoin is a "bubble." they seemed to spread fear, uncertainty, and doubt. They say that the bitcoin high price rally will be a disaster. however, it looks like they just hate cryptocurrency. many of these experts do not fully understand bitcoin.
The economist and the people who were calling bitcoin a bubble were not entirely wrong, the price has risen to almost $20k and look at the price a couple of months later, it has come down more than half of that valuation, but the funny thing is, the bitcoin market is like this and you need to understand the market you are dealing.
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April 01, 2018, 02:17:13 AM
 #50

the Internet World is full of people who are called economists who say bitcoin is a "bubble."

I hear you. Its quite annoying to know that most of these online "economists" are just kids who don't even have a clue about what bitcoin is or what it is trying to do. They think bitcoin is trying to become a stock or asset. They are missing the big picture by a long shot. Bumping up this thread for you.

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April 01, 2018, 02:43:20 AM
 #51

A lot of people thought of bitcoin as a bubble because it drastically drops value at times. But if they put into account the continuous appreciation of bitcoin's value, they will understand that the value itself is an evidence that bitcoin's not a bubble or a ponzi scheme.

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April 01, 2018, 02:48:40 AM
 #52

Today, the Internet World is full of people who are called economists who say bitcoin is a "bubble." they seemed to spread fear, uncertainty, and doubt. They say that the bitcoin high price rally will be a disaster. however, it looks like they just hate cryptocurrency. many of these experts do not fully understand bitcoin.

Bitcoin is special. This is not a company that can lose profitability and fail. This is certainly not a speculative real estate scam that could collapse due to government and bank fraud. Bitcoin is something else. Its value does not increase due to market lies. This is increasing because it is a life-changing financial discovery. This increases as more people adopt it.

Bitcoin also grows as a result of basic economy. Its supply is limited to 21 million units and this certainly makes assets scarce.  If something is scarce and many people want it, then, its value will eventually increase.

So.. Bitcoin is not Bubble!!
Yeah,you are right.It is not controlled by anyone like banks or government so it is not going to be a bubble but we are using bitcoin for money making not for its technology or others.So it might turns out to be a bubble if people do this for too long.
But this is a new technolofy people don't have any knowledge about it so they trust the rumors created by the bitcoin haters.

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April 01, 2018, 09:41:30 AM
 #53

Really bitcoin is not a bubble , the popularity bitcoin is through its team achievement ,people adopt bitcoin because they trust that bitcoin can do good things to the end user, the bitcoin grow very fast ,and huge , others think it is a bubble after some time it burst and gone away ,but the true is the bitcoin stand up strong and rise to the top of the market index.

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April 01, 2018, 10:04:57 AM
 #54

I don't consider bitcoin a bubble. Bitcoin has another fundamental Foundation and has a promising future.There is a growing demand for it from users and investors. In some well-developed countries, it is recognized as a legal tender.The demand for digital currency is growing. In States where the economy is very weak bitcoin Is an alternative means of payment. Used for savings.This leads to economic growth.Everywhere there is an economic crisis, the demand for bitcoin is growing.

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April 01, 2018, 10:09:35 AM
 #55

the Internet World is full of people who are called economists who say bitcoin is a "bubble."

I hear you. Its quite annoying to know that most of these online "economists" are just kids who don't even have a clue about what bitcoin is or what it is trying to do. They think bitcoin is trying to become a stock or asset. They are missing the big picture by a long shot. Bumping up this thread for you.

Could you explain to us, non-economists, what Bitcoin is or what it is trying to do, in simple terms? As I see it, Bitcoin is used as a speculative asset, whether you like it or not. It doesn't matter if Satoshi envisioned it differently because you have to face the reality in which people primarily run Bitcoin as a vehicle for speculation. In other words, Bitcoin is what it is used as or for. If you want to say that it should be used as a means of exchange, I'm okay with that.

But then its price should be in single digits.
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April 02, 2018, 02:24:10 PM
 #56

Bitcoin is not a bubble.... We are very close to the stability of bitcoin price.....
This is true that bitcoin is not bubble but the other thing is true that bitcoin is not stable currency, price of bitcoin use to rise and fall often, with market demand bitcoin increase and decrease but it never get stable price. At the start of bitcoin people were saying that bitcoin is only a bubble that will bust very soon but that day never come infect people now accept the reality and the benefits of bitcoin very well.
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April 02, 2018, 03:20:15 PM
 #57

Today, the Internet World is full of people who are called economists who say bitcoin is a "bubble." they seemed to spread fear, uncertainty, and doubt. They say that the bitcoin high price rally will be a disaster. however, it looks like they just hate cryptocurrency. many of these experts do not fully understand bitcoin.

Bitcoin is special. This is not a company that can lose profitability and fail. This is certainly not a speculative real estate scam that could collapse due to government and bank fraud. Bitcoin is something else. Its value does not increase due to market lies. This is increasing because it is a life-changing financial discovery. This increases as more people adopt it.

Bitcoin also grows as a result of basic economy. Its supply is limited to 21 million units and this certainly makes assets scarce.  If something is scarce and many people want it, then, its value will eventually increase.

So.. Bitcoin is not Bubble!!
I dont think the bitcoin is bubble either.
Bitcoin is not a bubble.... We are very close to the stability of bitcoin price.....
This is true that bitcoin is not bubble but the other thing is true that bitcoin is not stable currency, price of bitcoin use to rise and fall often, with market demand bitcoin increase and decrease but it never get stable price. At the start of bitcoin people were saying that bitcoin is only a bubble that will bust very soon but that day never come infect people now accept the reality and the benefits of bitcoin very well.
Yes bitcoin now  became more stable. The reasons why bitcoin so volatile cause the value of bitcoin mostly based on speculation and nothing backed bitcoin value so i do think there is something negatif about bitcoin.

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April 02, 2018, 03:29:05 PM
 #58

Traditionalists rightly call the bitcoin price a bubble with the following reasoning:

1. A bubble is when the price is driven by irrational exuberance to levels way beyond it's fundamental value.
2. Bitcoin does not have value that could be determined with any of the economic models
3. Ergo, any price for BTC is representing a bubble

The problem, of course, is whether a fundamental value can be assigned to bitcoin to begin with. Very few people take the effort to define how such fundamental value could be determined, let alone base it on sound economic reasoning.

Another theory looks at the economic benefit which can be derived from BTC. These models take into account the utility of BTC together with it's supply and value chain integration. According to this, BTC should be priced at about USD 1000 at the moment. Using this view, BTC can be seens once again to be in bubble territory.

Given the fact, that there is no consensus view on what the fundamental value of BTC is supposed to be, in any discussion about whether BTC is a bubble or not, any position is equally valid.
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April 02, 2018, 03:50:57 PM
 #59

What they call buble here is in terms of its price. and the clarity of who makes the price soar or fall, and the fact that happens to the market is like that right now. give. I prefer to call it an asset that has very high fluctuative properties. because the daily prices are changing very much.
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April 02, 2018, 04:07:37 PM
 #60

Usually, bubble thing was coined in bitcoin because its price is volatile and it may lead to an instant loss. The term used in bitcoin just show how does the bitcoin delicates in people. But as we can see, bitcoin is not anymore a bubble thing. It was already part of our economy. It may lose its value but not right now. I am thinking that bitcoin as a bubble because we did not see or hold it physically and we don't really knows what will be our future in bitcoin.



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