Bitcoin bubble

[DMCR lah]

bubbles in bitcoin are now beginning to look broken along with the fall of the virtual currency exchange rate when compared with peak period. A group of analysts led by Bank of America Chief Investment Strategist Michael Harnett, said that the fall of the bitcoin exchange rate occurred less than a year after reaching the highest price.

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[gambitcoin53]

They see bitcoin as worthless because they never actually used it personally ,their basis is hearsay and negative news about bitcoin, who knows they are just mere spectators, we cannnot say bitcoin is a bubble just as tulip, if it has no worth, why did it landed as the top coin in the cyptomarket.

[Dudeperfect]

Calling Bitcoin a bubble just because the price fall doesn't make any sense. However, I really appreciate the correction because the growth of Bitcoin was not organic and hence there was a need for the correction process. On a broader scale, Bitcoin is still in the early phase of development and it would be too early to determine the success of it. In fact, the year 2017 was the year when it went mainstream and since then it is gaining momentum and it will need 5 to 10 years from now to measure the success of Bitcoin.

[Mylove risa]

Most people's post-bubble belief is that Internet stocks are stupid and worthless. Just as many scholars now look at bitcoin.

Most people listen to other people's attacks and choose to ignore them instead of digging deep into the amazon story.

This is a mistake of lazy thinking.

So when you see the same thing happening in bitcoin, you can try to do something different with most people.

Ask yourself: "why is the market still buying assets that claim to be worthless?"

"Is the bitcoin bubble the same as the tulip bubble?

You will eventually find that the real value of the asset, after the bubble, returns to the value of the asset itself.

And the next wave is coming back, reaching new heights.

How do you see the fall?

Rapid price increases are not always a bubble phenomenon. An artificial overdelivery that will lead to a drastic reduction in correction is a bubble phenomenon. The choice based on human behavior by hundreds of thousands of market participants is the cause of bitcoin price changes so the market is trying to find the price. The reasons for behavior change may include loss of confidence in Bitcoin, the big difference between value and price is not based on the basis of Bitcoin's economy, an increase in press coverage that spawns speculative demand, fear of uncertainty, and excessive antiquity and greed.

[richardsNY]

In fact, the year 2017 was the year when it went mainstream and since then it is gaining momentum and it will need 5 to 10 years from now to measure the success of Bitcoin.

I wouldn't really consider the last year to be a year where Bitcoin went mainstream. It's just that once every few years we have these cycles where everything comes together perfectly, and that combined with the media pushing on top of that, ×10-20 increases are the result of how small the market is. The previous hype cycle was back in 2013, but got ruined later on by how MtGox imploded. Bitcoin going mainstream is a constant process that keeps going on regardless of how much the price has gone up. People quite often relate mainstream adoption to price increases, but that's not necessarily the case. The thing is that there already is a lot money waiting to enter, but it needs a positive trigger, and once the trigger is there, huge loads of capital enters the market at the same time causing a massive peak.

[cizatext]

I don't Believe or agree with the statement that bitcoin is a bubble because bitcoin have proof to be able to sustain it standard for a long time and again bitcoin has the capacity to survive beyond this generation and even the next generation to come, if you talk about bubble you talk of ponzi scheme on like bitcoin that is a currency.

[Jessica1234]

I don't have any idea what bitcoin bubble is, can someone explain it? And how does it works? Thank you in advance.

[squog]

Of course people will attack something that they don't understand and something new. We humans have an inate response to new things and it seems it's almost always an attack. I firmly beliebe crypto currencies is not a bubble, and i do believe that in the coming years crypto currency will be stronger and stanler than ever

[evermak]

Tulip was a whole different scenario and I don't think we should even compare Bitcoins with that ..
You know there are a lot of People supporting Bitcoins ... So many on the forum itself ! And that's really amazing to see how people are supporting Bitcoins even when it's down ...
It's not something like tulip.. it has brought together many people from around the world and I think .. it has stronger chances of surviving through every odds.

I agree. Tulip did not had any long term use, it was just being used as some antique thing for decoration. Also, it collapsed in very less time unlike bitcoin.

[Marrionbitcoin]

Most people's post-bubble belief is that Internet stocks are stupid and worthless. Just as many scholars now look at bitcoin.

Most people listen to other people's attacks and choose to ignore them instead of digging deep into the amazon story.

This is a mistake of lazy thinking.

So when you see the same thing happening in bitcoin, you can try to do something different with most people.

Ask yourself: "why is the market still buying assets that claim to be worthless?"

"Is the bitcoin bubble the same as the tulip bubble?

You will eventually find that the real value of the asset, after the bubble, returns to the value of the asset itself.

And the next wave is coming back, reaching new heights.

How do you see the fall?

Bitcoin sometimes bubbles but of course the increase and decrease of price really depends on the demands of millions of people around the world. And also, I believe that there are stages still that we need to encounter throughout the year of Bitcoin.

[localcrypto]

Bitcoin is not bubble bitcoin is technology disruption in payments industry and we can see growth near to trillion dollars in coming days that doesn't mean it is bubble of any sort

[EdenHazard]

Economic bubble is often the case in every country, and this news is not up to international news. So for those who new to know the cryptocurrency world will see bitcoin as a bubble, many of which have not understood the bitcoin as a whole but have given bad judgment against bitcoin.

And if they make an understanding of bitcoin first or cryptocurrency and blockchain as a whole they will not give bad judgment to bitcoin. A bubble will always have a cause, and make an item at the lowest price after getting a high price position and only lasts in a few years. But if you look at bitcoin now, I can never equate with economic bubble before because it is very different. Bitcoin prices certainly have a fluctuate price, so that prices can decrease drastically and vice versa.

[gezhid008]

Most people's post-bubble belief is that Internet stocks are stupid and worthless. Just as many scholars now look at bitcoin.

Most people listen to other people's attacks and choose to ignore them instead of digging deep into the amazon story.

This is a mistake of lazy thinking.

So when you see the same thing happening in bitcoin, you can try to do something different with most people.

Ask yourself: "why is the market still buying assets that claim to be worthless?"

"Is the bitcoin bubble the same as the tulip bubble?

You will eventually find that the real value of the asset, after the bubble, returns to the value of the asset itself.

And the next wave is coming back, reaching new heights.

How do you see the fall?

The strong appreciation of bitcoin has been almost unanimously ruled by the traditional financial sector as a bubble. And its recent slump has caused alarm bells, and people realise that the bubble may be bursting. Still, investors in cryptocurrencies are willing to buy when prices are low.

[onrise]

Well it's not totally a bubble i don't know why many people said that it's just a bubble , it's normal that bitcoin can increase and even decrease , and still bitcoin will dominate on the near future nothing could stop bitcoin . Remember that it's only the beginning of bitcoin era.

People who do not understand the price rise/fall as btc is volatile so it will always have the rise/fall but people consider this as a bubble because why it is rising or falling so much. Also they would have missed the rise and thus they want a downfall of the btc.

[andika2018]

I dont see bitcoin price will fall below $8000. Bitcoin is real investment with big liquidity in cryptomarket. With more than 100billions dollar market cap, bitcoin is not a buble. Its really different with tulips buble because bitcoin supply is only 21millions

[Persiville]

Since then, bunch of people keep on spreading news and rumors that bitcoin will pop or it was just a bubble, but also since then it never happen, even though there is a possibility that it will happen but so what? There are still bunch of people still believe in bitcoin and its potential and there are also still that doesn't get affected by those threats.

[rickadone]

Calling Bitcoin a bubble just because the price fall doesn't make any sense. However, I really appreciate the correction because the growth of Bitcoin was not organic and hence there was a need for the correction process. On a broader scale, Bitcoin is still in the early phase of development and it would be too early to determine the success of it. In fact, the year 2017 was the year when it went mainstream and since then it is gaining momentum and it will need 5 to 10 years from now to measure the success of Bitcoin.

I really wonder. Maybe we should classify every market outside cryptocurrency itself a bubble. There is no doubt that price can get into a state of bubble sometimes which apparently tends to correct. It has happened in stock, gold, real estate, and so on.

People tend to always join FOMO when they see something going good and when there are just some speculations to shoot it up but at the end, it does not mean a real value is not created. As long as some of them do not understand the technology behind bitcoin, I guess they would be stuck in their own ignorance of calling it a bubble.

[Biggapp]

Well it's not totally a bubble i don't know why many people said that it's just a bubble , it's normal that bitcoin can increase and even decrease , and still bitcoin will dominate on the near future nothing could stop bitcoin . Remember that it's only the beginning of bitcoin era.

Well do not compare Bitcoin with other crypto currency Bitcoin has a life time demands and the other currency they just make little markets and whenever there is a drop in the value, the never recover and burst like a bubble and Bitcoin have potential to gain its original position again. At the end of this year, the technology will show the magic again. Even the current period is of great attraction as the appreciation from 6k dollars resulted in more than 8k dollars.

[aeternus]

Most people's post-bubble belief is that Internet stocks are stupid and worthless. Just as many scholars now look at bitcoin.

Most people listen to other people's attacks and choose to ignore them instead of digging deep into the amazon story.

This is a mistake of lazy thinking.

So when you see the same thing happening in bitcoin, you can try to do something different with most people.

Ask yourself: "why is the market still buying assets that claim to be worthless?"

"Is the bitcoin bubble the same as the tulip bubble?

You will eventually find that the real value of the asset, after the bubble, returns to the value of the asset itself.

And the next wave is coming back, reaching new heights.

How do you see the fall?

Most of the time it is a mistake to listen to what people have to say, for example I have invested hundreds of hours to cryptocurrencies, while the average person has only dedicated enough time to read a few articles or hear or watch what the media has to say about cryptocurrencies, who I'm going to trust more, myself or someone without any experience with cryptocurrencies? And the decision is very easy for me, I will trust myself and what I know about cryptocurrencies over the opinion of most people around the world.

[Persiville]

Most people's post-bubble belief is that Internet stocks are stupid and worthless. Just as many scholars now look at bitcoin.

Most people listen to other people's attacks and choose to ignore them instead of digging deep into the amazon story.

This is a mistake of lazy thinking.

So when you see the same thing happening in bitcoin, you can try to do something different with most people.

Ask yourself: "why is the market still buying assets that claim to be worthless?"

"Is the bitcoin bubble the same as the tulip bubble?

You will eventually find that the real value of the asset, after the bubble, returns to the value of the asset itself.

And the next wave is coming back, reaching new heights.

How do you see the fall?

Most of the time it is a mistake to listen to what people have to say, for example I have invested hundreds of hours to cryptocurrencies, while the average person has only dedicated enough time to read a few articles or hear or watch what the media has to say about cryptocurrencies, who I'm going to trust more, myself or someone without any experience with cryptocurrencies? And the decision is very easy for me, I will trust myself and what I know about cryptocurrencies over the opinion of most people around the world.

That is also why you need to listen to your guts sometimes, because not all the time you are right or wrong, and when you knew it has nothing to do with your idea or your own move then better just let it slide rather than argue, it will never end, just like this statement above. Issues regarding bubble has already talked over and over again since the beginning.