Is Bitcoin the Biggest Bubble in Human History?

[mhsingh]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

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[Kakmakr]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Why are you still hanging around on a forum, dedicated to Bitcoin, if you do not believe in the technology? What intrinsic value does other products and commodities have, other than the demand for it? Bitcoin's intrinsic value is linked to the weight of it's use case.

If you want to send money from one country to the next and you want to do it cheaper than MoneyGram or Western Union, then you use Bitcoin. <for ANY amount> This is just one of the use cases for Bitcoin. <Hassle Free>

[hase0278]

Why are you still hanging around on a forum, dedicated to Bitcoin, if you do not believe in the technology?

His reason for hanging around on a forum dedicated to bitcoin is obvious. He want's to share his opinion of bitcoin and wants to start a discussion with it. That's the common reason someone who does not believe in bitcoin lurks here for.

It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Then what do you think is the reason why fiat currencies have value despite it being just a paper? Because it is backed by government? Fiat currencies have value because most people sees it as the most convenient currency to use to transact daily(supply and demand). It is the same in bitcoin's case but instead it is being used to transact online.

[Hellobx]

I don't think, just too many people want to profit from the bitcoin, led to excessive bitcoi prices, but the bitcoi in the future could become international currency, so I think the bitcoi is not a bubble,

[Anti-Cen]

Yes it's tulip mania and the price would had gone by my estimation to about $50k but just when
Joe Public turned up the miners got greedy and thought they could turn the fact that Bitcoin
could not scale into a profit by charging $55 in transaction fees.

Now the very same miners want to become mini banks on the lightning network by operating hubs
but the cat is out of the bag on that upcoming scam.

There seem to be a bit of panic around here, someone keeps pumping the old threads back to the top
of the forum so "Am i too late to buy BTC" no you are not, bigger fools are always welcome here but a
sprinkling of truth is not.

 

[pawanjain]

If you think Bitcoin has no value , then gold, diamond and pearls should not have any value too. Its the humans who give a value to an asset. The only difference is that Bitcoin is virtual and the others are physical. Who knows, gold , diamond and pearls might be just stones in some parallel universe. So we can't say that Bitcoin or any cryptocurrency has no value at all. It took 9 years for BTC to reach at such price.

[avikz]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Technically you are right. Bitcoin doesn't have any intrinsic value if I look from your perspective and the value should be zero. But again if I look at the blockchain technology keeping the bitcoin aside, I see immense future use of this technology. We are yet to discover the immense possibilities it can offer in our daily life. We have probably discover 10% of its possibilities and rest 90% will come up in future.

You can see major governments are now researching on blockchain technology to put it in its rightful use. There are big consulting companies like BCG, Deloitte, EY are recruiting blockchain professionals to discover its diversity. So the technology itself has a value. Bitcoin being the pioneer of this technology, inherited that value. So if you look from my point of view, you will see a value.

But if I keep everything aside and talk about just the price, it is a store of value. While rest of the world riding the tide, why would I not do the same and earn some money in that process? It doesn't matter whether it has intrinsic value or not. Till the time, there is a market for bitcoin, you will always see people like me riding the tide.

[btcprospecter]

The value will always be linked to whatever someone is willing to pay for it as we saw in the tail end of last year bitcoin was a hot product that everyone wanted more so as they seen the value rise.
Although as a result higher value ment that many saw good profits and wanted to sell.

[DooMAD]

Derivatives are empirically the biggest bubble in human history.
  
"an arrangement or product (such as a future, option, or warrant)
whose value derives from and is dependent on the value of an
underlying asset, such as a commodity, currency, or security."

They have no intrinsic value and are purely speculative.  There is no other function or purpose.  Yet banks, hedge funds and retail investors can all make bets on assets they don't even own in an attempt to turn a profit.  Pure, unbridled gambling.  As a bonus, it has a strong tendency to sway the prices of many of the underlying goods people actually need to buy, which ends up costing you, the consumer, money.  And best of all, it continues to spiral into a debt that can never be paid off, since the "market value" (although it has no actual value) of this magical casino is now in excess of all the "money" (which isn't exactly real either) on the face of the planet and continues to grow larger by the second.  In the time it has taken me to write this post, it's fair to assume another few million dollars worth of completely non-existent "arrangements" have been created out of thin air.  

Bitcoin is remarkably sane and rational by comparison.  But the media will never tell you that.

[lghdt943]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Do you know what the world's largest bubble is? I think it is a brick and stone. It doesn't have any effect except cutting things, but because it is worth a thousand times an ad, an ornament can be like this, but people will think of masonry. Is it a bubble, no? So why is bitcoin a bubble?

[gilangIDR]

The value will always be linked to whatever someone is willing to pay for it as we saw in the tail end of last year bitcoin was a hot product that everyone wanted more so as they seen the value rise.
Although as a result higher value ment that many saw good profits and wanted to sell.

As more and more things are used and the more interesting the bitcoin value will continue to rise, it happens to all things and never underestimates the power of popularity. Bitcoin is now a highly calculated thing that everyone is trying to have and also get it, bitcoin has become an incredible investment commodity.

[aghdgv]

There are many theories about the Bitcoin bubble. Many economists have already indicated that the bit will die in 2018. Although economists often oppose Bitcoin and even believe Bitcoin will die, Bitcoin still exists. This shows that they only want to Show your own professionalism and spread the rumors.

[racistyui]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I view crypto investment (at least in the form of small cap ALTs) as akin to venture capitalism & tech startup funding.... Except instead of allowing the crypto/tech/platform to organically grow, mature, gain adoption, and prove its model/concept in private without prying eyes before listing on public exchanges/markets, these cryptos are instantly thrust into highly subjective, speculative, and emotional exchanges/markets that also aren’t safeguarded from manipulation. TA isn’t really meant to apply in these type of Wild West scenarios/markets. Still, knowledge is power and more information can’t hurt you. I utilize TA, but I don’t necessary think it can be the sole guiding factor of my crypto trades. It’s just one of many different investment/trading strategies to utilize in your decision making process.

[ganlianshifu1]

I think diamonds are the biggest bubble!

Diamonds have little practical value in life, and diamonds are less likely to be like gold because of their monetary properties, which can be traded on a large scale and can be kept at any time.

[Mpamaegbu]

This argument about bitcoin being a bubble has gone forth and back with weak (and sometimes with concrete) standpoints. We are yet to see the end of it. But I know that what gives a thing its intrinsic value is demand and this is what bitcoin has been able to achieve. We may think its price is way too high but wait for it as the popularity around it continues to spread with its limited supply.

[Ctn]

Just because bitcoin is dropping in the value means nothing in the reality. The drop of bitcoin and rise of the same is completely different thing and worth nothing to call it as bubble. Bitcoin always has been painted with the color of bubble and it's completely wrong as we can see that since many years. Everytime people start predicting that it is a bubble then bitcoin starts moving upwards and thus their predictions fail. Later on same people start talking about the greatness of bitcoin and call it as greatest invention of all time. I don't think that anything of this is true, it is just people's concept in reality and nothing else.

[Ozero]

A banknote is not just paper. It is fully provided by the state, its gold and foreign exchange reserves and the gross domestic product. If another state offers banknotes to this state, the state whose banknotes are obliged to redeem it and pay for them with gold. Bitcoin is really not provided with anything. its price is kept only by the ratio of demand and supply. With a very high demand and, accordingly, a large price, bitcoin, which has no intrinsic value, will pose a significant risk to its investors, as it will be able to quickly lose its value and be blown away as a bubble. Maybe on. This will not happen in our life, but humanity still has to experience it. What then will be generally with a crypto currency, while it is difficult to say. This may not happen if the state can somehow limit the price growth of bitcoin and crypto currency in general. However, this will be another crypto currency, not decentralized. Therefore, if bitcoin remains decentralized, it will necessarily prove to be a bloated financial bubble.

[Prolly11]

No. The train railroads boom was bigger.

Everyone exaggerating bitcoin boom, but it never even really affected mainstream economy yet...

[mhsingh]

Well I agree to some of the replies and some to not, I depends upon the Human thinking about the values of any object.

[pat231]

I don't really think so as Bitcoin has given many of us opportunity to earn a good income apart from our work so it is not bubble but its a biggest earning opportunity in Human History BTC

[ivakar]

Maybe so, and so what?
After all bubbles were expired, those tulips or dot.com industries or real estate or stocks market did not disappeared, right? Those industries are here and working after correction.
Yes, there is no huge profit as before, just healthy  10-15% per year, but they are still there..
so if the btc will explode, I hope that all crypto will remain, but corrected..

[Shreek]

I think the value of bitcoin below $ 400 in the past three years is a great value, but although some people consider it small, bitcoin still has longer experience than other altcoin, bitcoin is senior and older, making the spreading and volume of bitcoin high.

some people say that bitcoin is bubble because it has no underlying assets, but can not be prohibited. payment system with blockchain progresses faster. even use lighting network to speed up transactions.

[Pursuer]

"bitcoin is a bubble" is the new motto that idiots are using instead of the old see through one "bitcoin is dead". and this is also starting to become see through. the effects of it is no more than the old one since people are now familiar with how the FUDsters minds work!

I think it is time that we also start a new list like the obituaries list which now includes all the bullshitters who are calling bitcoin a bubble for the historic fun of it.

[Kakmakr]

Why are you still hanging around on a forum, dedicated to Bitcoin, if you do not believe in the technology?

His reason for hanging around on a forum dedicated to bitcoin is obvious. He want's to share his opinion of bitcoin and wants to start a discussion with it. That's the common reason someone who does not believe in bitcoin lurks here for.

It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Then what do you think is the reason why fiat currencies have value despite it being just a paper? Because it is backed by government? Fiat currencies have value because most people sees it as the most convenient currency to use to transact daily(supply and demand). It is the same in bitcoin's case but instead it is being used to transact online.

The "false scarcity" ticked me off. Bitcoin does not have false scarcity, because the whole point of the protocol is to simulate the characteristics of precious metals like Gold. The 21 000 000 coin cap is not "false" and the chances that this will change is almost 0%. <Who in their right mind would support a increase in the coin cap, if that would devalue their coins?>

All the talk about Bitcoin not having intrinsic value and false scarcity is starting to push my buttons, because most of these people do not understand the technology the way we do. ^hmmmmm^

[jamesashmore1964]

The problem with Bitcoin and the alts are that they are not user friendly.
In addition there are horror stories of coins stolen etc from wallets.
www.bitcoinfuji.com is a coin that is attempting to make this industry more user friendly.

[usechain]

In fact, you don’t need to worry about any issues. Bitcoin is not a bubble. For example, currency such as banknotes, gold, and silver are valued by people. Bitcoin is the same. Bitcoin is a bubble. I only think that you are the economy. The scholar gave flicker.

[Lupulei]

Bitcoin is not the biggest bubble in human history. The American dollar is. The last time it was backed up with gold is back in 1971. Now if they need it they just print it.
I and all people that buy Bitcoin give him the value. And this is how it should be and not some fake value like we have with paper money. Some people are whining about high volatility, well we can dump Bitcoin tomorrow and that would be the reality because we said so and not some government people.

[trickyriky]

"bitcoin is a bubble" is the new motto that idiots are using instead of the old see through one "bitcoin is dead". and this is also starting to become see through. the effects of it is no more than the old one since people are now familiar with how the FUDsters minds work!

I think it is time that we also start a new list like the obituaries list which now includes all the bullshitters who are calling bitcoin a bubble for the historic fun of it.

LOL. Those ones, who are speaking about Bitcoin as the biggest bubble that ever existed, but BTC coins themselves. They do it to let Bitcoin price falling and wait for the moment to buy crypto for less.

[DooMAD]

Well I agree to some of the replies and some to not, I depends upon the Human thinking about the values of any object.

The OP's sudden and complete loss of English skills made me wonder if their initial post has been plagiarised.  Turns out it was.  If you're going to enter into a discussion about these things, either use your own thoughts and opinions, or credit the source, please.  Some people, including the moderators, take a dim view on this kind of behaviour.

Original source for anyone who missed it:  http://uk.pcmag.com/opinion/93234/is-bitcoin-the-biggest-bubble-in-human-history

[not-a-bot]

This is a just new payment tool. And it's very convinient. Why don't you say Visa is a greatest bubble in a history? People are keeping several times more money in unsecure Visa and Mastercard than in Bitcoin

[Juggy777]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

People value Bitcoins in demand and supply and it's intrinsic value derives from the way people value it, and all the positive news surrounding it. I do understand your reservations towards Bitcoins but that's been fed to you by the governments and white collar bankers who don't want you to know how great Bitcoins is. It is one of the greatest blessing that has ever happened to mankind. Ps you pay your taxes, record your forms and all and if you don't complain for that I don't think you should now.

[belyaevi]

Maybe so, and so what?
After all bubbles were expired, those tulips or dot.com industries or real estate or stocks market did not disappeared, right? Those industries are here and working after correction.
Yes, there is no huge profit as before, just healthy  10-15% per year, but they are still there..
so if the btc will explode, I hope that all crypto will remain, but corrected..

So what ? You cannot imagine the financial trouble people will face when it finally bursts. If it collapses and price goes to $500 or below a  lot of people will become bankrupt. I think that a lot of companies will be affected as well especially those who have started to take payments in crypto.

In my opinion bitcoin is not a bubble but the current prices are heavily inflated. The main issue is that people are not using it for the purpose the developers started it. It was developed to be used as  a payment medium but only few people are doing this. Everyone is interested in receiving payment in bitcoins and very few people want to spend their bitcoins.

[kpcian]

It's a natural process of block chain system. Since its a decentralised system so that there is no authority to regulate on the price not even no one can control over the market. this market is totally dependent on the share holder and they always  manipulate the price of Bitcoin. That's why Bitcoin price always moving and become a vulnerable position. It's also may be consider that Bitcoin is the greatest bubble in the human History.

[jhache]

No the dollar and the American debt is going to be the biggest bubble in human history. If you don't know how much debt the US has than just Google it. Bitcoin is something thats going through adoption and with adoption there is going to be an increase in price.

[Roland Black]

Yeah, I see an article with a spelling error and it tends to lose all validity for me.

[pushups44]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Here's a solution for you: short it. I dare you. Put your money where your mouth is. Perhaps you know deep down that bitcoin can go much higher for a much longer time than you would prefer. By the way, if the theory of subjective value is true, everything could be said to be ultimately worthless.

[JL421]

Nope it isn't people said for gold also few years back when the price rose by 2 times only in a year , yes bitcoin growth is more than anyone expected but with all the support and worldwide recognition even if the bubble blasts it will easily fill up again , amd the facts 400 billion can't be removed in just a day that's a lot of money if you see

[partysaurus]

If you think Bitcoin has no value , then gold, diamond and pearls should not have any value too. Its the humans who give a value to an asset. The only difference is that Bitcoin is virtual and the others are physical. Who knows, gold , diamond and pearls might be just stones in some parallel universe. So we can't say that Bitcoin or any cryptocurrency has no value at all. It took 9 years for BTC to reach at such price.

and dont forget about all forms of art

[nightmanisrightman]

No the dollar and the American debt is going to be the biggest bubble in human history. If you don't know how much debt the US has than just Google it. Bitcoin is something thats going through adoption and with adoption there is going to be an increase in price.

The debt the US has is close to 20 trillion right about now and that far surpasses all the other bubbles put together which is crazy. Not so crazy when you realize the US dollar is backing the whole world's fiat currency but still nonetheless when it pops, somebodys gonna get a hurt real bad. Somebody, I don't know who, but you might know them very well!

[owlman]

Maybe so, and so what?
After all bubbles were expired, those tulips or dot.com industries or real estate or stocks market did not disappeared, right? Those industries are here and working after correction.
Yes, there is no huge profit as before, just healthy  10-15% per year, but they are still there..
so if the btc will explode, I hope that all crypto will remain, but corrected..

So what ? You cannot imagine the financial trouble people will face when it finally bursts. If it collapses and price goes to $500 or below a  lot of people will become bankrupt. I think that a lot of companies will be affected as well especially those who have started to take payments in crypto.

In my opinion bitcoin is not a bubble but the current prices are heavily inflated. The main issue is that people are not using it for the purpose the developers started it. It was developed to be used as  a payment medium but only few people are doing this. Everyone is interested in receiving payment in bitcoins and very few people want to spend their bitcoins.

Why do you claim that bitcoin was designed only as a method of payment? Technology blockchain, multifunctional and can be used not only as a currency. Let's see what happens in the future, and how we will use the crypto currency in our lives.

[Thanasis]

People keep saying this bubble story for too long, If you think it is an bubble don't invest on it.

But bitcoin has actually the value as currency and it is new technology the expensiveness of bitcoin is due to its low availability of 21 million coins.But last year the price bumped too fast due to lot of new investors but now the  price is getting stable and increasing slowly according to the market demand.

[rajkr]

I don't know why people consider it as a bubble.It will be the best investion after internet of this century.So it is purely asset.only thing which compel people to consider it as bubble is sudden hike in its value.

[seoincorporation]

Every money system is based on the trust of few. Historically, money was founded in a system of debts, where a third-part just has to sign out a paper, a promissory note, where it was specificated the amount of the debt (in work, silver, gold, cows, chickens, whatever) and this paper  has, itself, the value of the debt. Now, debts could be bought by any person interested in having the debt to him/herself, so they speculated about the value of the debt (for instance, 3 cows).
Now, the paper (promissory note) itself has no value at all, it was just a "trust system" based on debts.
This is how banks and such kind of institutions were formed. For they absorbed the debts, they bought them and the debt was with them. So printed paper is something like a book of accounts, and no more.
Bitcoin is the same but without the third-part. It is an agreement where thousands (maybe millions) are implied, and the "book of debts" is public for everybody to take a look. So there is not a chance to just printing more, fake ones, in order to say to the world "Look all the money I have" (money made by air).
As an economic system, Bitcoin is much more trustful than paper-money, for it cannot be printed aleatory.
As money, it works the same as the printed-one: it is not the paper who owns the value, but the transaction itself.

[Domenc]

I think If you see the high point of Bitcoin and consider the current value you might wonder is it acting like a bubble ? When Bitcoin touched $6,600 people lose their mind and declared it as bubble burst. But I think its just the volatile nature and decentralized working of bitcoin, no one ever guaranteed higher returns even Satoshi also made it for transaction purposes rather than investment scheme. Further, once people realize its potential it will definitely touch new heights again.

[luigidosado]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I think bitcoin has already proven itself through the years. Talking about bitcoin becoming a bubble after sometime has already been a topic for a very long time but up until now it has not even happened. No one actually knows if this will really happen or not. I think, for me, it is impossible for bitcoin to become a bubble that will pop out after a certain point in time. What I think is most probable to happen is when it lose its value til it reaches zero because another coin better than it is created. The people who uses bitcoin are the ones who gives value to bitcoin, not the bitcoin itself.

[nguyenkhanhhung14]

One more time I would say that Bitcoin is a cryptocurrency, it's not a bubble . If anyone say that Bitcoin is nothing but bubble, he's a liar . Let see how many guys said that Bitcoin is just a bubble and see what happened? Bitcoin price still increase very quickly although these guys still say that it's just a bubble . Do you still remember the announcement of JPMorgan Chase CEO? He also said that Bitcoin is just a bubble then when the price dump their company spent millions dollar to buy Bitcoin back. LOL

[tekusa]

I think If you see the high point of Bitcoin and consider the current value you might wonder is it acting like a bubble ? When Bitcoin touched $6,600 people lose their mind and declared it as bubble burst. But I think its just the volatile nature and decentralized working of bitcoin, no one ever guaranteed higher returns even Satoshi also made it for transaction purposes rather than investment scheme. Further, once people realize its potential it will definitely touch new heights again.

It is yet a big mystery whether bitcoin investment is a scam or not.The investment critics hold a variety of opinion and they do not fully confirm the process of bitcoin investment. However, the process is highly secure as it works under the protected Blockchain network that activates from various servers. You will find that the processes involved in the cryptocurrency exchanges include a number of gateways. When you pay or purchase bitcoins, it has to pass through a number of gateways for proper verification. If the gateways find the transaction that we are carrying is safe and not a fraud, then it allows the other party to purchase and transfer the bitcoins to another bitcoin wallet.

[rockie87]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Indeed it could be,if you think it is a bubble.See i think bitcoin is the only currency which has the most trustworthy investors.You can even say soo that bitcoin is the bubble for whole cryptocurrency.If it bursts the whole crypto burst with it.So the equations are as simple as that if it is bubble than it is a threat to whole crypto.

[jamesashmore1964]

Maybe but it still has steam!
Could burst if the market  goes to 7K and then goes into free fall: Possible

[cocktail111]

With Bitcoin's current price decline, we all know that now is the right time to buy Bitcoin. This price drop can be a frightening specter for some people, but for people who are not afraid of risk and have known Bitcoin for a long time, they will see this as an opportunity to get as much profit as possible. Do not wait to buy and collect Bitcoin as much as possible, because we do not know what will happen in the future in the near future or in the long term. It's possible that Bitcoin's price will decrease to lower, and Bitcoin's price will probably increase soon. So you should make the most of this opportunity.

[Radio-Active]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

No, it is indeed like bubble, but it is not a bubble, trust me. The bubble won't be lasting much unlike bitcoin.
until now bitcoin is still exist, so bitcoin is not a bubble for me. There are many holders and believers of bitcoin in this community as well.

[cocktail111]

of course, we all see that all markets are red and there are some fears of getting down more and more in the following days. but on the other hand, no one can ignore that bitcoin is the leader of all the crypto market, so if it down the whole market will go down as well, so it is too hard to believe that it will die that easy
and the major investors of it will not allow this to happen.
what do you think, am I right?

[jamesashmore1964]

Many people say it is: Maybe

[evfrosini]

No, it is not at bubble. I like it as a payment medium because of a number of reasons. It is a boon for sellers as there are no charge backs.

[hibiscus]

        Bitcoin the biggest bubble in human history these  words were said by an American economist. .The supply of Bitcoin is limited to 21 million of Bitcoins to mine already 17% has been mined till now . Bitcoin is compared to  a bubble that is going to burst because the government is taking much interest in spying the public more than the imagination in- order to find faults in the public .Bitcoin is a good investment and a public conversation till there are buyers

[Dark_raven007]

Maybe he is a bubble, but we live here and now. This is the story that is being written today and we see it and participate in it. Even if something goes wrong, something new will be created on the basis of this, it is possible to drill up if it is not perfect.

[removebeforeflight]

Who says it is Bubble, those who don't know anything about Bitcoin concept or its technology woul say or call the price rise as Bubble. To be honest I strongly say that the price high is called the profit or bullish market and don't call as Bubble since that word is irrelevant for Bitcoin or any crypto currency market as you are aware that they are always volatile in nature.

[meanwords]

Well, you are blind from the fact that the actual usage of Bitcoin creates its demand which the miners supply. First, it's easy to use Bitcoin to transact money and it's not regulated, meaning, tax free (at least in some countries). Also, you are looking at the wrong side of Bitcoin, you see it as a useless piece of internet numbers which is actually far from facts. Bitcoin is the first coin in the Blockchain. If you look at Blockchain's technology, you can see how innovative it is. It is being studied around the world by experts to fully understand its concept. That technology alone is worth thousands or even millions of dollars which Bitcoin being the use had inherited its value. Just wait for a few years and you'll see the full potential of the Blockchain.

[Cutieh01]

Well, you are blind from the fact that the actual usage of Bitcoin creates its demand which the miners supply. First, it's easy to use Bitcoin to transact money and it's not regulated, meaning, tax free (at least in some countries). Also, you are looking at the wrong side of Bitcoin, you see it as a useless piece of internet numbers which is actually far from facts. Bitcoin is the first coin in the Blockchain. If you look at Blockchain's technology, you can see how innovative it is. It is being studied around the world by experts to fully understand its concept. That technology alone is wort thousands or even millions of dollars which Bitcoin being the use had inherited its value. Just wait for a few years and you'll see the full potential of the Blockchain.

Agreed, if they think that Bitcoin is the biggest bubble in human technology then they are wrong  since Bitcoin is consider as gold so it means that it is precious and valuable. Bitcoin will not come this far of existence when it is worthless and it's been vanished, but bitcoins leads among all crypto and known as a store of value.

[genlocy]

I don't think so but many people say it bubble,i think it is for me a great opportunity to earn money,that's all.

[umbara ardian]

it seems very unsuitable if you mention bitcoin like bubbles, bitcoin is more like wave because I see bitcoin movements only up and down like waves whereas if bubbles after price erupts then the price can not do recovery anymore.

[takadada]

Yes, it is the biggest bubble, it brings great profit to players who joined last year

[BILGPS]

I don't think so that bitcoin is just a bubble it is a strong currency system which works like fiat money but the nature is digital so we can say that it is digital currency and it is good for us to keep this crypto now because we can make money through this holding in the future and for me crypto is key to success.

[Hautkopfsalat]

On one side yes on the other side no. Bitcoinprices seem to always go back up again! so I wouldn't speak of a bubble.

[SamantaPinkeralspink]

No, I still think Bitcoin hasen‘t reached it‘s maximal potential.

[Lorna111]

Well I agree to some of the replies and some to not, I depends upon the Human thinking about the values of any object.

Bitcoin is biggest Bubble in human history, I beg to disagree, the price movement of Bitcoin is dependent upon the market investment posted on market for Bitcoin, remember market is  Volatile, anything happened in the market, at any given time. It always affected by the volume of investment on Bitcoin as posted on the market, the price value may goes ups and down, no one can predict what to become of Bitcoin during the trading market.

[gesdan]

yes i feel that too when the price of bitcoin in 400$ it's too high and right now we can see the price around $7000 and we still can see about right now $7000 is in the low price, its not like in last year and early 2018 and we hope that the price of bitcoin will increase more and more in the future

[jamesashmore1964]

Silver went from 50 USD in 1979 to next to nothing these days: never recovered!

[vypzilla]

Everything can be classed as a bubble. Property market for example, 30 years ago houses were worth 1/10th of what they are today. gold, diamonds, antiques, collectibles what do they actually offer? Bitcoin is an asset but it brings so much more to the table. For bitcoin not to be successful is like saying technology will not be successful. Everything humans love, they digitize - pictures, games, music, videos, interacting, data, currency. Yes it probably is the biggest bubble in history, this is not a bad thing because if it "pops" it will just generate a new bubble and so on and so.

[mak2017]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

It's a new market in which many people still won't believe for some reason, and they just need to call it a "bubble" to prevent others joining the market.
There are still very few users who use crypto on the daily, i think we have around 6 million active btc wallets nowadays.
A good example of a bubble is real estate market with prices driven up to the sky for a piece of ground.. it's just hilarious how price for real estate keeps growing year to year and then will crash again no doubt.
Governments give value to money, real estate and so on, but they can't give value to bitcoin, thats something you need to understand.

[mornabo]

Well I agree to some of the replies and some to not, I depends upon the Human thinking about the values of any object.

Bitcoin is biggest Bubble in human history, I beg to disagree, the price movement of Bitcoin is dependent upon the market investment posted on market for Bitcoin, remember market is  Volatile, anything happened in the market, at any given time. It always affected by the volume of investment on Bitcoin as posted on the market, the price value may goes ups and down, no one can predict what to become of Bitcoin during the trading market.

You are right, because of the fluctuations making any price changes can happen, even increasing hundreds of percent in a short time, even though bitcoin prices skyrocket and then weakened due to correction, bitcoin prices always recover afterwards, so I don't think that it is a bubble

[Fog Fence]

I don't think bitcoin is a bubble. This is an excellent investment tool. If you look at the history of bitcoin, you will see that every year it showed a steady growth, despite the local fall.

[kotulo]

I also think like you, it is extremely bubbly.
Later on I thought it could become the national currency someday

[syaripudin]

I think bitcoin is not a bubble as you think because if bitcoin is a bubble, of course its existence has disappeared long ago as well as in the bubble penomena in other forms. but in fact until now bitcoin still has a fairly strong existence. this certainly shows that there are still many people who believe in the greatness of bitcoin.

[u01p113]

 Bitcoin is most definitely not the biggest bubble in the world. BTC has proven that it has a value in the real world. Anyone can buy things using Bitcoin.

[tikanima]

True bitcoin is a bubble it is slowly discounting, This discount can be a scary ghost for some people, but for those who are not afraid of risk and have known Bitcoin for a long time, They will see this as an opportunity to make the most profit possible

[tofus]

I think now the market is using Bitcoin as a speculative bubble, the Biggest Bubble is derivatives.

[GilbertQuintanilla]

Bitcoin is not a bubble and you can get thousands of prove of it.

[nmthu2209]

I do not believe bitcoin will collapse there are too many investment funds and big investors are interested in bitcoin. They will not let it fall easily. Although the market is still easily manipulated

[CoinSpeculator]

yes or no, who care? As long as i earn lots of money, i don't care really.

[jtcrkaqd]

People who speak this way know nothing about block chain technology, they do not understand the development of bitcoin community, do not know the role of bitcoin for the real world.

[talkbitcoin]

when it comes to bitcoin, the word "bubble" has always worked as a brainwashing technique used to manipulate the minds of newbies into selling their coins to the whales who buy their coins from them enjoying the cheap coins just to sell them back to the same newbies after the prices went back up again for a big profit.

[pimkobai]

Definitely, I would disagree with the subject  since I don't think bitcoin is considered a bubble i the human history. I respect the views of the author of this thread and it is his right to make his opinion however, most of the members of bitcointalk forum perhaps would not agree with the subject. Bitcoin has already proved it's worth and people do understand that this is volatile in nature where such fluctuations is expected to happen and will recover after the adjustment period.

[RavRider]

The biggest bubbles in history are over. I dont think that it can be possible to create bigger bubbles then tulip bubble. But everybody who has some knowledge about cryptocurrencies know, that they arent a bubble. Cryptocurrencies are real business, and they are much better then fiat money. The problem is just the people who got hyped by the mainstream media are making it to a bubble.

[Btcnaivie]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

The whole phenomenon is a never-ending conversation on media outlets like CNBC. Bitcoin is now part of some funds, and is considered a good investment in a diversified portfolio as far as these folks are concerned. You may as well recommend people invest in squid ink.
 That said, I personally do not see how this is the mother of all bubbles. That's because the public-at-large is not yet "all-in" like they were with the housing bubble. The mechanism to own Bitcoins is too arcane for most. Previous crashes almost always are designed to fleece the public at large.

In other words, Bitcoin will remain in the conversation until the public buys in. Then it will crash and finally nobody will talk about it anymore.

[jelzsavellon]

I don't consider Bitcoin is a biggest bubble, I read recently that we are about 18 million who own crypto currencies.

When I think about blockchain technology, I can't believe that only 18 million people will want to benefit from it.

It's like those who said in 1996 that no one would want to communicate via email or online chat ahah,  and you know what's been going on since, people show their entire lives to strangers just to be hip and have followers 

Definitively, Bitcoin is not a biggest bubble and will never be one.

[online73]

Perhaps it makes sense to compare the price of Bitcoin with an inflatable bubble, but only this bubble has a strong shell with a unique volume and over time the skin of this bubble will become more expensive than the most expensive metal in the world. If you use the terminology "inflatable bubble" - then most likely this term can be used for any asset that exists on the stock exchange. And it is not known which bubble will burst earlier.

[leviathon]

No Bitcoin is not a bubble, no matter how many times people call it a bubble it isn't going to become one. What's a bubble is the US debt, just wait for when it crashes. The whole world is going into fire. Bitcoin has a real world use case with a working product and a very large user base. Does this makes Bitcoin a bubble?

[jmvzlfyg]

Now there are many professional people entering the market. I don't think bitcoin is the biggest bubble in history. This is a stage that a new industry must go through in the early stages of development.

[Moblie_Legend]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I do not agree with your opinion at this time there are still many investors who have a high intention to invest with bitcoin is one proof that bitcoin is a profitable investment

[Shame_Game]

Honestly, I don't think so. Bitcoin is  at the very beginning of its path - both as a cryptocurrency and as a new technology. In the future, bitcoin can significantly grow in price in a few years.

[bitfocus]

Bitcoin Is A Valued Investment Opportunity - Arizona State University Professor Dragan Boscovic
https://www.bitcoinmarketinsider.com/bitcoin-is-a-valued-investment-opportunity/

[Alleria]

I don't think so. I think the cryptocurrency is the future. In a few years he will be popular in humans. Now the bubble is normal. In capitalism, where is the bubble, where is a good place to make money.

[vagrom]

In fact, I have always felt that BTC has no value, but he rose to this. Maybe BTC will become a milestone for new things. I know that I cannot reject new things.

[carlisle1]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Theres no need for your explanation because no ones buying youre sentiment.

And your title seems exaggerated and obviously intentionally putting this to break bitcoin sympathizers heart in supporting this coin

Better Leave this forumnd find life out of this because no one needs your opinion here

[coinnumber]

For the now I will say is not the biggest bubble in the history of mankind though am still new to cryptocurrency but to my observation I noticed that Bitcoin has no competitors as it has turn to be the latest and most profitable employment opportunities for the youths round the globe 🌐. Which does not qualified it to be the biggest bubble, cryptocurrencies are real investments and they are much better and valuable then fiat money. And the investment in crypto has high profit with higher risk.

[gpamfmcq]

If bitcoin is recognized and used by everyone, there will be no big bubble.In fact, I think Fiat and gold are both bubbles. Fiat is the biggest bubble in the world. Many countries print money every day.

[NaomiNagata]

If you want to know that and predict future you can use this platform - Cryptics. It is a trading information guidance system that helps traders and investors make informed decisions on whether to buy or sell cryptocurrencies, through the use of its advanced Artificial Intelligence. Right now you can get predictions for you trading solutions with 70% accuracy. It is a future!  Anyways, good luck with your investments If you want to know more - https://youtu.be/52RacK8L4GI

[thepers0n]

The bubble analogy has a base in cryptocurrencies - as it can well apply to initial coin offerings in the  future - but I think altcoins and BTC must be evaluated on their own soon

[Way2Cool]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

How can you say Bitcoin has no intrinsic value? this is just your opinion or is a deep analysis???
yes, maybe the movement price was a bubble. If we compare crypto markets to classic markets yes this huge price movement is a bubble tha burst almost every week!!! Remember that Bitcoin cannot fail... Bitcoin and blockchain cannot fail! it is extremely hard!!!
but if we don't take in consideration classic markets and then we just focus on the real value and utility of Bitcoin and other crypto markets we can actually say that it's not a bubble, demand and supply play the biggest role in these violent and immense price movements. This would happen in stock market too if regulations wouldn't exist! always due to demand and supply mechanisms!

[PacePay]

No I do not think that bitcoin is a bubble in the human history. I am thinking bitcoin as a currency and for the investors it is an asset and because of them the price of it is increasing and decreasing and it happens in any asset when the traders start to trade with that asset so we have not to worry about the price of bitcoin. It will go up and down and in the long term it will go upward.

[Victorycoin]

No I do not think that bitcoin is a bubble in the human history. I am thinking bitcoin as a currency and for the investors it is an asset and because of them the price of it is increasing and decreasing and it happens in any asset when the traders start to trade with that asset so we have not to worry about the price of bitcoin. It will go up and down and in the long term it will go upward.

Bitcoin have proven to be the answer to most questions people have had about their finances, that's where the bedrock of the demand and and adoption emanates from. For anyone that knows the history of Bitcoin, calling it a bubble I guess would be the last thing he would ever have it call.

[wtbhitlv]

What investment commodities do not have bubbles, and the dollar is not a bubble? The house is not a bubble? The stock is not a bubble? It's ridiculous to think about bitcoin

[jamesashmore1964]

Mainstream think it is and that is why the market is in a sorry state!

[smajler]

Bitcoin bubble I dont think so.. This is great movement and I think it will be worth more. Someday it will be priceless.

[jamesashmore1964]

It appears so at the moment

[airdnasxela]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Yes,  you are right on the part that bitcoin has no intrinsic value or it does not really have a based value. All of us here also experienced that,  we do not really expect that bitcoin will grow like what it have accomplished these days. But I don't think it is a bubble.  It is real and is use an asset or rather,  a currency. Bitcoin will be growing and wouldn't end up dump and pump coin,  it only need time to increase its price or value again.

[Barcode_]

There are some people who are spreading FUD about bitcoin online, and I think some investors who does not have much knowledge about crypto-currencies just got worried after sawing those negative news and resulted in them selling away their bitcoins at a bad rate, that might be one of the reason that caused the values of bitcoin dropping.

[zuninholo]

Bitcoin is the biggest bubble of history that you know about, so remember it is what you create, it will be profitable if the bubble grows bigger and bigger.

[bitcampaign]

please come back in a few years if you see the price of bitcoin back up high, i will come back on this thread to tell you what you say is very wrong, bitcoin has value only it all takes time not so fast but sure will go to the moon where you can not have it

[jamesashmore1964]

It is not a bubble it is a currency that can be used to purchase products. THe USD is a bubble not bitcoin!

[feverpitch]

I agree that this is not the case, as it is a precise example of evolution and technology implementation. People work, earn and live on the market. Maybe it will be closed all the time, but it already has a lot of time. Worth thinking about such news.

[avoxosuccesful]

i'lld say i surmise that bitcoin is a rise in the mankind's history. I am thinking bitcoin as a cash and for the financial specialists it is an advantage and due to them its cost is expanding and diminishing and it occurs in any benefit when the dealers begin to exchange with that advantage so we have not to stress over the cost of bitcoin. It will go here and there and in the long haul it will go upward.

[njnvvmjp]

There is indeed a bubble, and the current encryption market is speculative. This is the root of the bubble.

[minasantos]

All valuable things have bubbles, cash, gold and stocks are bubbles. This way, we can understand bitcoin very well.

[Zaibraid]

I think that bitcoin is the greatest bubble phenomenon in history since I was born, since the 1990s. If I say that bitcoin is the biggest bubble in human history then I do not know what happened before the 1990s. I used to hear the phenomenon of certain flower bubbles in my country. Many people look for these flowers at cheap prices to sell at high prices. The flower that became famous at the time was frangipani and the wave of love. The price of the interest increases from time to time. But, it did not last long, eventually the bubble burst and now the flowers have no meaningful value. I think that bitcoin like this phenomenon. It's just a bitcoin phenomenon already on a large scale. I'm afraid if this bitcoin bubble burst because I will lose the opportunity to get big profits.

[Tan_avia)vl.]

It is interesting to know, how do you know so much about Bitcoin, its history, development, if you think it's a bubble? It's illogical, right? Or have you lost faith and want someone to convince you of the seriousness of Bitcoin?

[Silenox]

Derivatives are empirically the biggest bubble in human history.
  
"an arrangement or product (such as a future, option, or warrant)
whose value derives from and is dependent on the value of an
underlying asset, such as a commodity, currency, or security."

They have no intrinsic value and are purely speculative.  There is no other function or purpose.  Yet banks, hedge funds and retail investors can all make bets on assets they don't even own in an attempt to turn a profit.  Pure, unbridled gambling.  As a bonus, it has a strong tendency to sway the prices of many of the underlying goods people actually need to buy, which ends up costing you, the consumer, money.  And best of all, it continues to spiral into a debt that can never be paid off, since the "market value" (although it has no actual value) of this magical casino is now in excess of all the "money" (which isn't exactly real either) on the face of the planet and continues to grow larger by the second.  In the time it has taken me to write this post, it's fair to assume another few million dollars worth of completely non-existent "arrangements" have been created out of thin air.  

Bitcoin is remarkably sane and rational by comparison.  But the media will never tell you that.

Fantastic Comment.

That is exactly it, the media will never admit it, since the one who commands the game is exactly who pays the advertisements.

Join the derivatives market, fractional reserves and public debt and the image the apocalyptic bubble will appear.

[GeorgiyBilyk]

those people who say that bitcoin is a bubble! then these people do not understand what a crypto market is, these people are the majority of people who get information from the TV! I'm sure that the crypto market has already changed the world economy and will change it even more! bitcoin and the whole system of the crypto market has outstripped traditional types of investment! the cost of bitcoin reached 20,000, and this price grew only in 8 years! The system of the crypto market has allowed the emergence of new companies! bitcoin has become a very strong competitor in the payment system! and more and more people are opening their doors to bitcoin!

[alexgreen8012]

No, it is not. The dot com bubble was at 28k bn dollars at its peak compared to 280 bn dollar crypto right now.

[iv4n]

Derivatives are empirically the biggest bubble in human history.
 
"an arrangement or product (such as a future, option, or warrant)
whose value derives from and is dependent on the value of an
underlying asset, such as a commodity, currency, or security."

They have no intrinsic value and are purely speculative.  There is no other function or purpose.  Yet banks, hedge funds and retail investors can all make bets on assets they don't even own in an attempt to turn a profit.  Pure, unbridled gambling.  As a bonus, it has a strong tendency to sway the prices of many of the underlying goods people actually need to buy, which ends up costing you, the consumer, money.  And best of all, it continues to spiral into a debt that can never be paid off, since the "market value" (although it has no actual value) of this magical casino is now in excess of all the "money" (which isn't exactly real either) on the face of the planet and continues to grow larger by the second.  In the time it has taken me to write this post, it's fair to assume another few million dollars worth of completely non-existent "arrangements" have been created out of thin air. 

Bitcoin is remarkably sane and rational by comparison.  But the media will never tell you that.

Fantastic Comment.

That is exactly it, the media will never admit it, since the one who commands the game is exactly who pays the advertisements.

Join the derivatives market, fractional reserves and public debt and the image the apocalyptic bubble will appear.

It`s fantastic because it`s true! The debt based economy, it`s sounds bad as it is. And selling of loans by banks is another practice that feeds this huge illusion of economy we have. Debt is forced to grow in this economic model, debts and selling those debts, normal person would ask where are we going? Manufacturing must increase, sales must increase, and consumption must increase. Businesses have to expand to stay afloat, and who cares about people, animals, planet where all of us live? But media will never tell you that, people needs to find the truth alone, like we did.

[Chicksteen]

I think bitcoin is not a bubble as you think because if bitcoin is a bubble, of course its existence has disappeared long ago as well as in the bubble penomena in other forms. but in fact until now bitcoin still has a fairly strong existence. this certainly shows that there are still many people who believe in the greatness of bitcoin.

This is what most of the people say about bitcoin, they always say that bitcoin is a bubble and it should not be treated as a legit investment because it is a bubble and more likely a scam for an investment and the people should go to stock market, bonds and other type of so called safe investment because they are regulated but they are just close minded people because they don't know what they are talking about.

[Louvre]

Many people keep saying this bitcoin bubble story for a long time. but bitcoin has proved that it's use is the best for people to avoid taxes and high fees. so i think bubble is not going to happen.

[DoublerHunter]

I've red an article and it says that the biggest bubble in human history is what they called the Tulip which makes people like crazy selling their properties and giving up all the things they had in order to get that but bitcoin is not like that because bitcoin has a purpose in this world and that is to help people to invest their money and give them a chance to make a bigger profit than the traditional investments.

[wtbhitlv]

Most derivatives have huge bubbles, which do not depend on how big the commodity is, and I think it can't be considered the biggest bubble in history as long as it is adopted on a large scale.

[omitusaf]

It's not a bubble, as it has been employed by various companies and many countries and companies are opening their doors to it. The uncertainties around it is because people do not yet have an adequate understanding of what bitcoin really is.

[sagittarius1]

This contention about bitcoin being an air pocket has run forward and back with frail (and now and again with solid) points of view. We are yet to see its finish. However, I realize that what gives a thing its inherent esteem is request and this is the thing that bitcoin has possessed the capacity to accomplish. We may think its cost is far too high yet sit tight for it as the fame around it keeps on spreading with its restricted supply.

[Matercat]

No, it is not at bubble. I like it as a payment medium because of a number of reasons. It is a boon for sellers as there are no charge backs.

[teamspike911]

Who knows whether Bitcoin is a bubble. Only time will show. However, in their time everyone said that credit cards are also a bubble, but after many years people continue to use them. So I'm inclined to believe that bitcoin is not a bubble ... at least I really want to believe in it.

[Yatsan]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

We can't say that bitcoin is the biggest bubble in the history of humanity until we get to know the tulip mania that happened a long time ago in Dutch colonies. That is a prime example of a bubble. Another bubble that happened in the history of humanity that I deem greater than the bitcoin bubble is the Japan Economic Miracle.

[Red-Apple]

if you think bitcoin is a bubble then you are in for the biggest surprise of your entire life when it continues rising and reaches $1 million in a couple of years. what would you call it then? you need to come up with a new word in English language instead of "bubble" to describe it then

[jackjones53]

no, bitcoin is not a bubble. The bubble should burst, and bitcoin is not going to do this and be blown to zero. he has 2 big problems: he is extremely volatile and because of his technological problems he is not perceived as a means of payment. Bitcoin is now a reliable investment tool and speculative, aimed at personal enrichment.

[feverpitch]

I don't think so but many people say it bubble,i think it is for me a great opportunity to earn money,that's all.

I agree with you, for my opinion people are saying that because they don't use it and try to use it. There are still many people that get good opportunity from using Bitcoin.

[gpamfmcq]

I think Fiat is the biggest bubble in human history. What I know is that cash is inflation every year, and it keeps plundering people's wealth. And bitcoin didn't do that.

[aezotxmb]

At least for now, I don't think bitcoin has too big a bubble. It is reasonable that 7K is cheaper than that of many miners.

[babyday88]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I do not agree with your point. The price of bitcoin increase is due to market demand. It is currently the common cryptocurrency of the whole world. Surely bitcoin is not a bubble

[gaxfrwpy]

There are many times when the statement that bubbles exist in bitcoin is exaggerated by the media. People always think that bitcoin has many shortcomings and often ignores the advantages of bitcoin.

[VanNistelrooy]

The existence of bubbles is normal, but it will not be the biggest bubble in human history, because there are more and more practical projects entering this industry.

[dragoz11]

in every case assets are worth as much as the people give value to them and also in this situation with btc we see the same thing and as soon as there are poeple who value it and store it the bubble won`t burst or if the adoption continues than we can`t see any bubbles but a true value backed by communities.

[pixie85]

I think Fiat is the biggest bubble in human history. What I know is that cash is inflation every year, and it keeps plundering people's wealth. And bitcoin didn't do that.

Fiat is the biggest scam in history but it's not the biggest bubble. Bubbles appear when people are hyped about something and keep putting their money into it in hope that they will get even more in return. We all know that it's not how fiat works. It's not there to get people hyped or serve as an investment. We are using it because we have to.

[The Cryptologist]

Bitcoin is already on its 10th year and I have never seen a project that has accused of being a bubble to last this long. If this is a scam, then bitcoin should have been gone in 2-3 years of existence. There's no bubble in here but only unlimited potential.

[Dudeperfect]

It is true that Bitcoin has given exponential returns since inception in such a short period of time but it is definitely not a bubble. Yes, no one is sure if it is going succeed or fail in the future but at least there is a possibility of transforming the way we live today. On the other hand, the fundamental reason is to pump and dump when it comes to the bubble and Bitcoin has no such characteristics.

[zhjxhtvb]

I think real estate is a huge bubble. In many big cities, the price of the house has exceeded the cost many times. The amount of money people pay in the house is huge.

[Market-desi]

if they have that opinion it's up to you. if I'm not too ignored. the most important thing I keep investing and can get a big profit when bitcoin prices have gone up. if for now i still hold my bitcoin .

[coolcoinz]

I think real estate is a huge bubble. In many big cities, the price of the house has exceeded the cost many times. The amount of money people pay in the house is huge.

That's not due to a bubble but the increase in population. We haven't had a war in many parts of the world for decades and some places like London are slowly becoming overpopulated with land and house prices becoming ridiculous. It's normal that you have to pay 100 times your monthly income for an apartment and even more for a house and most people can't afford it without a loan. Modern slavery.

[Coral27]

I think real estate is a huge bubble. In many big cities, the price of the house has exceeded the cost many times. The amount of money people pay in the house is huge.

Agree with you everything is getting really expensive now and having our own house is one the dream for a lot of people but those who has bitcoin are not worry in this matter bitcoin is the big achievement for all of us so no need to be worry just try to buy some bitcoin and store them all for long term it will let you buy your own hose and it will also get you some saving for your future as well so I think bitcoin is not a bubble at all,

[vual]

Because bitcoin will be falling inside the benefit signifies practically nothing inside the fact. The particular fall regarding bitcoin and also go up with the identity is a very diverse factor and also well worth practically nothing to be able to contact that since bubble. Bitcoin constantly continues to be decorated with all the shade regarding bubble and it's really inappropriate even as is able to see in which for many decades. Whenever folks commence guessing it is any bubble next bitcoin starts off relocating upwards and so their particular estimations are unsuccessful. Down the road, identical folks commence discussing the particular achievement regarding bitcoin and also contact that since the very best innovation of them all. My partner and I do not think about which anything at all with this does work, it really is merely peoples' notion in fact and also practically nothing different.

[The Scorpion]

The dot com bubble was a phenomenon where people overvalued the internet. On the other hand the internet is a very influential thing in 2017. I think the major problem was that many people bought "internet stuff" without really knowing what it does and what they bought.
I also think people did not think internet would be monopolized like that. Google, Facebook and Youtube became so big they are their own worlds.Housing was a pure investment scheme. I think the smart investors knew what was going on, but were OK with it as long as they made money.Crypto is a different monster I think. While it has similarities to dot com, it is much more accessible to average Joes like us and crypto is here to replace money. Something people wanted for centuries. If we succeed we might make History my friend. You know I love to criticize stuff but I have very high hopes for Crypto and i think they are not based on hype or any bs.so trust in technology.

[tonysitaly]

The debt of some countries is a real bubble. They can achieve the purpose of exploiting other countries by controlling the international rate of Fiat. These debts are huge. If they break, they will bring great harm to the people living in this country.

[alex_gr_cc]

The US debt is a real bubble. At the moment, their debt is so large that the default is inevitable. I think that this will give impetus to the development of the cryptocurrency market.

[BitGunner]

It is the bubble at all, it is valuable and used by many companies which are reliable and reputable, btc is the best one and it deserves attention and respect, i think that btc is the leader which is able to gain much popularity and become the best

[Bumblecoin]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Knowing there are lots of us who support and love bitcoin, I think it cannot be as what some says a bubble. This is and this will be the new currency of the world.

[nestiold]

Biggest bubble so far is usd dollar, but after sometime it will die for sure, too much problems us dollar have.

[Eigig]

No it is not true that bitcoin is the biggest bubble in human history, because as we see the bitcoin is not bubble after time in the cryptoworld but it did not burst like bubble, but it grow slowly and popular ad its best and now the center of the digital phenomeno, as the digital cryptocurrency as the most dominating coin in the market.

[Renai0925]

Be it the biggest bubble in history or the future of online transacting, nobody can really tell. For me, bitcoin has helped me in a lot of ways and the community is a part of it. So, in my part, I'll try to promote it as much as possible instead of defaming it.

[crycur]

If you are looking for a balanced opinion you are asking the question in the wrong place

[Kytanylu]

I don't think bitcoin is a bubble. This is an excellent investment tool. If you look at the history of bitcoin, you will see that every year it showed a steady growth, despite the local fall.

[Philcris]

For me bitcoin is not the biggest bubble in human history because there is many things is very expensive

[kingdom2710]

The intrinsic value that other products and goods have, other than the needs of it? If you want to send money from one country to the next and you want to make it cheaper than MoneyGram or Western Union, then you use Bitcoin. This is just one of the uses for Bitcoin. Now the miners are very much like to become small banks on the network of lightning by running the center but the cat out of pocket on the upcoming scam.

[tutorroma]

Of course, there is a bubble, but I do not think bitcoin is just a bubble. It has many practical applications in many industries.

[Iluka]

The biggiest bubble in human history is us dollar. The Bitcoin and other perspective altcoins are human future. it's new movement begger than bronze age...

[vinbitpon]

Nope. On my opinion, Bitcoin is one of the biggest innovation and technology that humans created. I don't see any reason that this will be called a bubble, especially more and more people around the world were using bitcoins.

[alexgreen8012]

Who says bitcoin is a bubble. We have seen many bubbles with no working concept beihnd them. No, it is not. The dot com bubble was at 28k bn dollars at its peak compared to 280 bn dollar crypto right now.

[CCF_news]

People ask so many questions about whether bitcoin is a bubble or not. Chesto speaking tired of already reading the opinion of those people who doubt the future of bitcoin. If you do not believe that bitcoin will develop, then do not write anything and save both ourselves and ourselves time

[korkor]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I guess you don't really know what you are saying or you don't understand the whole idea of cryptocurrency and blockchain. If you did, you wouldn't have said bitcoin should be worth nothing. Please, it will be best if you do research on cryptocurrency and blockchain technology. I believe that will enlighten you enough to understand the new revolution to the world financial system.

[TmottaDing]

It is better if you leave this forum, becuase you do not even know how a real bubble works. So, better to stay away from all this world if you do not even know how it works.
Bitcoin is not a Bubble, and it will never be one of them.

[Marlo Stanfield]

It's not a bubble, but it goes through bubble like cycles as you can see by looking at a zoomed out chart. It's pretty volatile, but also has unique properties which give it utility.

[alexgreen8012]

There have been many bigger bubbles in the history of mankind. No, it is not. The dot com bubble was at 28k bn dollars at its peak compared to 280 bn dollar crypto right now.

[JYSHIN]

I think the G20 meeting on crypto is positive.

[jemarleon]

We dont treat bitcoin as bubble, only those people who has not enough knowledge about bitcoin will think that this is a bubble most of them are from the stock market. Maybe you need to read the purpose of bitcoin because if you know what's its goal you will never think again that bitcoin is just a bubble.

[pageraji]

Bitcoin is revolution of financial technology, its not bubble..waht ever happen with price blockchain technology is a revolutioner invention of this decade

[gpamfmcq]

You can think of Bitcoin as a bubble, but there are a lot of similar sounds when the internet was chased by people 20 years ago.

[richkiddo]

It's not a bubble, but it goes through bubble like cycles as you can see by looking at a zoomed out chart. It's pretty volatile, but also has unique properties which give it utility.

true bitcoin is a not a bubble thing yet some people believe them selves that this is such a big bubble thing that more people had been trapped on but they are so wrong with that. They just judge bitcoin not by knowing and see for its chart for.

[DirectContract]

The biggiest bubble in human history is us dollar. The Bitcoin and other perspective altcoins are human future. it's new movement begger than bronze age...

Yes! Thank you. Ever since the gold standard was removed, the US dollar's intrinsic value has been comparable to toilet paper. But what do central banks around the world do? Store it in their vaults and gauge the strength of their country using it as a benchmark, when in reality, the biggest deficit in the world is that very dollar. What happens if certain countries stop recycling the petrol dollar? stop buying US bonds? start using alternative methods as benchmarks? Well some get punished (Gadhafi), but more will get away with it in the future. Hell, even the IMF is talking down the dollar these days!

[billknight]

Many people think that Bitcoin is a bubble. But you have to understand that if Bitcoin is a bubble, it probably broke a few years ago. I never thought Bitcoin was a ball because Bitcoin is electronic gold

[beliomir]

I believe that everything in the world is a bubble, since all financial instruments have a pyramid scheme, so you do not have to worry that bitcoin is a bubble, because otherwise it does not.

[korkor]

What people don't get is that bitcoin is not a bubble. If you understand what digital currency (cryptocurrency) is, you will not call bitcoin a bubble. My question is simple, is US dollar and Euro a bubble ?? If you don't see these currencies as bubbles then why do you see Bitcoin as such...

[gabbie2010]

The feat by bitcoin to becoming the biggest bubble in human history has not been achieved yet due to the small proportion of people using it compared to the overall universal population, I believed with time btc will be a generally accepted virtual currency.

[Rocktop044]

It is partly true that it has no intrinsic value.
Until the system is regulated by the financial sector, it still remains a bubble.
The bubble is floating high, best to follow it up.

[Compiler]

I dont know if it's exactly a bubble, the only thing I know is that you have to take advantage now that it's going to rise again and also take advantage of the technology it brings. It will stand for many years.

[Aponkye1]

So as at this point in time some folks in this community still believe that bitcoin is a bubble. Bitcoin has been with us for about 9 years ago and still counting. Which bubble could last for such a long time like this or bitcoin is a strange bubble which does not burst. Well bottom line message is that just because the price of bitcoin went down for a while does not mean its dead.

[kingkonjac]

the btc market and the overall market cap is not a huge amount of cap compared to the other markets and even if its a bubble for sure it won`t be the biggest one in human history.

[1van__]

undoubtedly yes! he definitely left his mark in the history of cryptology

[satria2]

I dont know if it's exactly a bubble, the only thing I know is that you have to take advantage now that it's going to rise again and also take advantage of the technology it brings. It will stand for many years.

This is the perfect time to hold as much Bitcoin as you have to make a profit. It will be in everyone's try.

[Himanshu111]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

What I believe is that bitcoin is a sustainable crypto currency and it has that potential that it can make its existence for coming many decades and it has also proved that it is so sustainable that it was introduced in 2008 and since then it has made a tremendous progress so no doubt bitcoin is very much sustainable so I don’t consider the statement of these morons who consider bitcoin a bubble or a Ponzi scheme and I think the time is the best answer for them.

[Xenoph0bia]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I think these people are morons who calls bitcoin a bubble that will burst soon or a Ponzi scheme or like a chit fund company and I think these people are those who has still not get the real potential of bitcoin and the number of people who believing in bitcoin and investing a lot of money in bitcoin and I personally feels that bitcoin is very sustainable crypto currency and it has proved its sustainability even by making its existence since 2008 , so I believe that bitcoin is a very trustworthy investment.

[feelingfroggy]

Just saw this post.  There is no way this is a bubble.  This is a new era.  The governments are welcoming it (after playing hard to get in an act to fool you).  This is the bottom floor.  Get in now and hopefully free yourself from the system as much as possible.

[meritbygrace]

From my perspective bitcoin is the biggest Bubble in Human History. Bitcoin has got lots of fans , but there targets are yet to be achieved. one thing here is,bitcoin is raising again...take advantage of it.

[Maiscoinyelo]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

In my own opinion, bitcoin is not bubble because bitcoin is real. Don't call bitcoin as bubble just because it has weakness. Many people are getting rich because of bitcoin so don't call bitcoin as bubble because it is not true.

[triplef]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Let’s see in 10-15 years what you will say about it. I am not of your opinion about it. And one more question if you think so, why are you here?

[Altf4]

Bitcoin is not a biggest bubble in human history , this because as now bitcoin has continue to gather more investors to invest in bitcoin ,if it is really a bubble ,then it will not survive until this time , but it is very popular nowadays and continue to be known all over the world.

[money_amount]

Bitcoin is not a biggest bubble in human history , this because as now bitcoin has continue to gather more investors to invest in bitcoin ,if it is really a bubble ,then it will not survive until this time , but it is very popular nowadays and continue to be known all over the world.

What you say is not convincing enough. As far as my personal thought bitcoin is not bubble because people will trade and exchange currency worldwide without having to go through the bank. This makes people believe and use bitcoin.

[AleSergio]

Bitcoin is not a bubble ofcourse it is depends on how much money people are throwing in it or how high is the market price. But it is always pumps and dumps, thats a good sign, because it shows its stability.

[pltgksl]

Why  not

[stepanovage]

Only time will tell if you are right or not. Based on what I have understood so far, it is not a bubble as it is used as a currency.

[bajigur894784]

Rapid price increases are not always a bubble phenomenon. An artificial over-valuation 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. so, I think, bitcoin is not a bubble.

[Naficopa]

The claim is that Bitcoin bubble stems from a misunderstanding of the technology. Most often such a view has people standing in opposition to bitcoins. They are afraid that bitcoin changes the traditional perception of finances and changes the rules that have long been in force in the financial world.

[Epimetheus]

I don't think, just too many people want to profit from the bitcoin, led to excessive bitcoi prices, but the bitcoi in the future could become international currency, so I think the bitcoi is not a bubble,

I think bitcoin is not bubble. Bitcoin is decentralised currency which means no one can control it. And Because of this its price is ups and down in time to time
When its price fall down many people consider it is a bubble. According to them like bubble bitcoin expand ita empire in past but now it suddenly ban or burst like bubble. Bitcoin uncontrolled production and distribution is the main reason behinds its volatility. In the year 2018 its price constantly falls and it is ban in many country too because of this above reasons many people thing it is bubble. But i think its price will be increase in near future.

[Wall_Streeet]

the amount of attention per unit of bitcoin movement is too high, so it seems that the coin stands still. in fact, we are in a long-term growing trend

[khaled0111]

Bitcoin is not a bubble but people are dealing with it as it was one.
Whales are manipulating the market because the marketcap is too low and it is easy to affect it if you have enough money.
Bitcoin is a technological revolution and can't be just a bubble.

[mekie]

What intrinsic value has that piece of paper with a president's head/queens head etc on have? After all it's just a bit of paper. Think of why and what currency was invented for-it was invented to make bartering more flexible, Bitcoin etc are just extensions of this; by using technology to bring it up to date.   

[Dmitry.Vastov]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

There are many people around who consider bitcoin a bubble that would burst soon or a scam or a Ponzi scheme or like a chit fund company who will take all your money and flee away and I think these are the kind of bitcoin who are in against of bitcoin as they have not understood well the fate and real potential of bitcoin and this is the reason why these people continue spreading negative rumours about bitcoin and I think time will be the best answer for them when bitcoin will be declared as a central currency world wide.

[danglinhdan18]

From an investment point of view, bitcoin is, of course, not a bubble! This is an amazing investment tool that will earn not only you but also your children and grandchildren.

[funnynews]

if they have that opinion it's up to you. if I'm not too ignored. the most important thing I keep investing and can get a big profit when bitcoin prices have gone up. if for now i still hold my bitcoin .

I agree with you because in general, it is only news about something it is better to think about your personal abilities how you can earn money by using Bitcoin.

[maxilopez]

like three years ago, 400 dollars and now 7500 in three years will seem very cheap

[1van__]

I think that at the moment it is so, and affected the growth in the price of all segments of the population

[tanjilrifat]

Most often such a view has people standing in opposition to bitcoins.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.

[Gurueconom]

Bitcoin is not a bubble. Those who say that Bitcoin has no value absolutely do not understand anything in the crypto currency. Bitcoin has a unique technology that can change the entire financial sector. Bitcoin is much more valuable than you think.

[kamoto]

To me here it is not absolutely clear as it is possible to argue about that, whether bitkoin a bubble before that moment when he bursts. It was already full of examples of things that could have been a bubble ... but this did not happen, they did not burst. Suffice it to recall credit cards ... then you could also argue that this is a bubble, but people still use them.

[Seunbabatunde]

To my own level of understanding bitcoin has a unique technology that can change the entire financial sector. Bitcoin is much more valuable than anything you think of.

[inspirone1]

Perhaps, but I still hope that this is a financial breakthrough for the future, because we would not want any dreams and expectations to flare up without ever happening. So, even if it's a sweet bubble, then let it not sound right now.

[Dimon 12]

Any assets is a bubble.) Gold, platinum, silver, dollar, euro What is the value of these assets (just the rules about which we agreed) Water is a valuable asset than gold under certain conditions, but no one even thinks about it! btc, if conditions are created will become a valuable asset and this has already been proven!
Who knew that the price WILL be 20 000)))? Manipulation? market demand? or a thought out plan for the transition to a new economy? We will find out in 2-4 years !!!

[Urbinklin]

I think you're just another skeptic who wants to shake other people's faith in bitcoin. I just don't understand why you need it. You state your point of view, but it is not the truth. You only confuse people who came here to invest and earn.

[bitvelk]

I read your message, but did not find any serious argument against bitcoin. The most important thing is that you are not forced to invest, so if you do not believe in bitcoin, just do not buy it and do not study.

[Pyr3x]

You just do not understand the whole mechanism of bitcoin, that's all. Gold can also be called just a piece of iron, if you follow your logic.

[target]

Not the biggest bubble in the history as far as I know the Tulip bubble is the worse biggest. I've read it here about the tulip flower bubble, I didn't know people was so crazy about tulip flower back then but watching youtube video seem to have been true. There was one grain of tulip that people were so crazy they were willing to sell their house for such tulip bulb. Bitcoin is not the biggest but perhaps one of the best investment of all time.

[m_f_o_c]

In fact, Bitcoin is not a bubble and it is called only by people who have not yet understood the whole principle of the operation of this system. Bitcoin is valuable precisely because it is very popular among people and this value will only grow in the future.

[alibaba93]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I really think bitcoin is not bubbling, you can see that after reaching the $ 20,000 mark, bitcoin prices are constantly falling and still holding above the $ 6000 mark. These are very positive signals, you can see that with just $ 200 billion, the bitcoin price is very easy to shark can pump, so I believe that this time you should only invest in short bitcoin, the market is still very hard to guess.

[orarider]

I think that new gold is the biggest bubble of humanity. Bitcoin is just virtual coins and it has not been accepted worldwide. But for gold, it is the whole world mortgage. Gold is the currency of international reserves.

[kucritt]

i think the price increasing is from the demand of bitcoin, many people want to have a bitcoin for their currency or maybe for investment, the demand in this situation that makes bitcoin price is increasing until right now, demand and stock is make bitcoin price up and down

[aioc]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Since you have this kind of thinking and will just continue to fud the forum, why not sell all your coins and leave this forum, we don't need people like you who is very ignorant and do not have something valuable to contribute to this forum only to spread negativism this is one of the reasons why Bitcoin value is going down.

[Vickyrichy]

I realized a lot don't understand the purpose of cryptocurrencies (bitcoin). I mostly blame the media for all the misconception people have about bitcoin. Bitcoin was created to be a digital currency that allows people to transact their goods and services easier and faster. It is the best form of alternative payment for online transactions.

[BLAST2MARS]

There might be a thousands of altcoins that can be a bubble but not bitcoin. Bitcoin is an exceptional tech and if you like it or not, it will stay with just like fiat in the modern age. Bitcoin only explode in higher value and not pop and then vanish.

[C0ld_Zero]

All I find out about bitcoin is people purchasing and holding with expectations of getting rich from rising worth

What level of bitcoin holders really utilize it as real cash - to purchase products and ventures? On the off chance that 90% surprisingly just would like to get rich on trade rates to dollars, than this is only vaporware

Cryptocurrency people get a kick out of the chance to gripe about "fiat" cash even tho bitcoin is the most fiat money you can envision. There is no genuine esteem, there isn't an estimation of the paper it's imprinted on. It's altogether in light of confidence in the possibility that its value something

[tsinelas]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I don't think that crypto is a bubble but rather it is a History.Maybe now bitcoin is in it's past state but it'll show all people the unpredictable state. For now bitcoin is going on a lower profile for the users to realize that it not only for investment and the real purpose of crypto is for online payment transaction connecting all of us in the world by the digital/internet technology.

[Yadamosan]

Bitcoin never been a bubble yet, bitcoin just having a circumstances and problems, and when you're weak too that when you saw some weakness from bitcoin, Your money will never grown or earn because bitcoin is for risk takers and so on, and when you give up and you think that bitcoin will fall or something etc.. change your business, most of the bitcoin users using the bitcoin for online transaction; most of the people transacting daily using their coins but.

[stayeduptolate]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

We all know that all the crypto currencies are volatile in nature and moreover apart from being volatile they all are the part of investment and thus it is very common in all kind of investment that its valuation flactuates and this is the most probable reason that the valuation of bitcoin goes up and down and pump and dump and moreover the valuation of bitcoin is also subject to market demand and supply and morons are the people who think that this low valuation of bitcoin is the bubble that will burst soon.

[Jackolantern]

Some people think so but to my mind this is the best way to earn and use btc for your own needs as it is the best one. To my mind, it is high time to make it the main currency and use for personal needs like money

[CryptoGosu]

I think not. Debt obligations are a much bigger bubble than Bitcoin. The Bitcoin market is not big enough now. Bitcoin is able to replace gold.

[adadaorlina]

Bitcoin is not a bubble but people are dealing with it as it was one.  Bitcoin has a unique technology that can change the entire financial sector. Bitcoin is much more valuable than anything you think of. This is an amazing investment tool that will earn not only you but also your children and grandchildren.

[CrucialTechnology57]

As far I know the blockchain system is the most trusted system and bitcoin is totally based on that system so, how could it become a bubble.

[Perkovic]

I do not consider bitcoin a bubble author. it seems to me that this is the reverse of the revolutionary technology that will turn the world around

[LeonardoDiCrypto]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

You have mentioned dollars in your post. Do dollast have any intrinsec value? If yes, explain why. If not, shouldn't they also be worth nothing?
At least Bitcoins cannot be created by banks as they please, in unlimited quantities.
So which is the biggest bubble in human history?

[Bugatti73]

I don't think that it's a scam or a bubble, if it was true, the main organisacors get scamed it in 2017 year.

[Werpa1]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

The very reason why bitcoin is an asset is because we give value to it. It is not a bubble considering people who take profit from it. The market is at its swell these days that is why you think that way. People who take part in the market are living proofs that whatever happens, bitcoin will stay beneficial even at its worst.

[bitterdog]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

If we say bitcoin is a bubble, we must doing a big mistake on that. Because in fact, bitcoin is a new form of technology that can lead us to the future.

[ExceedBlue012]

Bitcoin is the biggest blessing in the human history because many people earn from here and enhance their life only through bitcoin.

[orarider]

I think gold is the biggest bubble in history. Gold is the national treasure. All countries in the world recognize gold as an international currency. Whereas bitcoin is not accepted by states.

[AliMan]

I think that new gold is the biggest bubble of humanity. Bitcoin is just virtual coins and it has not been accepted worldwide. But for gold, it is the whole world mortgage. Gold is the currency of international reserves.

No, definitely not! When it comes to this question my only answer is no. It is clearly seen how bitcoin has changed the life of many people. How can you even say that it is a bubble if it has given many people opportunities to earn? Why don't you just accept the fact that bitcoin is promising and indeed a very good system?

[jcarlo]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I dont believe bitcoin is a buble. I am believe bitcoin is mathematic thing and real investment. Up and down in market is very common and bitcoin have intrinsic value like gold

[ApocalypseNow]

The people who only think that bitcoin is a bubble are those that are late to the party, heavily invested in gold or they have their riches on the bank industry. Even some tech people that is not supporting or invested in btc sees a great potential in btc and they don't see it as a bubble.

[SIDDHI777]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

True Bitcoin seems like the biggest bubble in the history when you look from the outside because Bitcoin price dropped and that is why many say that but it is recovering perfectly so definitely it will reach to it's correct price in the future but it might take a while to happen that and the only thing it needs is more time so traders should be more patient in these days   

[Bugatti73]

I think gold is the biggest bubble in history. Gold is the national treasure. All countries in the world recognize gold as an international currency. Whereas bitcoin is not accepted by states.

I don't think that gold is a bubble, but agree with your opinion about bitcoin. I think soon it would be accepted.

[smt_red]

I am believe bitcoin is real investment. Real estate is a huge bubble.  Bitcoin  this will be the new currency of the world.   

[1van__]

in my opinion bitcoin is the best thing that mankind invented for its existence, I'm not kidding he enriched a lot of people, people like him, he is a leader on cryptology

[CrimBit]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

If it's true Bitcoin doesn't have intrinsic value and it's worth nothing. for what people are struggling to buy and offer to own Bitcoin? because I realize how valuable Bitcoin is to date, making people struggle to get it. I think the value of thousands of dollars or more is very feasible for one Bitcoin because this is the greatest invention in the banking sector.

[kehed90]

bitcoin may not be the biggest bubble in human history but bitcoin can be the latest breakthrough for humans, just look at the features and technology of blockchain providing convenience to all types of transactions and profits in bitcoin investment will change the level of human life itself. So maybe in the future bitcoin can be the biggest bubble in human history.

[Panetymerni]

So it turns out that Bitcoin is not that big of a Bubble. Sure there is a lot of speculation but as always Bitcoin comes back after a drop that wasn't even that big this year.

[stownbridge]

Even now it is clear that the bubble is not about bitkoin.Capitalizatsiya grows with the fact that its advantages are inhibited.The government and bankers will run.

[Xardasim]

As a reason to call Bitcoin as a ''bubble'' is that no one is control it. Cryptocurrency isn't like other financial systems. The only thing control the price is the buy-sell. If we look at it as an investment, it is good that the price is variable. But if we use it as currency, the volatility isn't be good.

[Dondisimo]

I do not believe that some fraudulent technology could achieve such a huge success. So I think you're just another skeptic. I believe in this technology and therefore invest in it. It's simple.

[Caelanpelley]

I do not think that. I think gold is the biggest bubble in human history. Gold is an international reserve. All countries, banks accept gold payment. For bitcoin, bitcoin is of great value but not yet accepted in many countries.

[Alexander james]

What do you mean about "intrinsic value"? The value that every currency has is assigned by people. If we trust it and accept it as a medium of exchange, then it has value. The USD will have no intrinsic value if people's demand for it stop and no one use it. Accordingly, since people believe in Bitcoin and accept to exchange in Bitcoin, it does have value - the value assigned by users.

[dohh]

I do not believe that some fraudulent technology could achieve such a huge success. So I think you're just another skeptic. I believe in this technology and therefore invest in it. It's simple.

Technology doesnt have to be fraudulent. Blockchain in perfectly viable technology, but not for money transfers. There are several reasons for that, but understanding it demands simultaneous knowledge in IT, math and crypto. Not too many people have it.

BTC is a huge scam mechanism.

[Diane Ellis]

The value you mentioned is created by the demand for it. Without demanding, a ton of gold will become worthless. As for bubble, yes, I agree that Bitcoin has shown some signals of bubble, but bubble doesn't have the same meaning with worthless. Have you ever heard "property bubbel or housing bubble"? Yes, right? So does property have no intrinsic value?

[Henry Reis]

There does be a Bitcoin bubble, but Bitcoin itself is not a bubble, I think. Being a bubble means having no value, Bitcoin isn't this type. Since the growing demand for Bitcoin last year to earn profit, Bitcoin was inflated. It was investors who inflated Bitcoin and made Bitcoin bubble. Despite that I beleive in Bitcoin value because I find that Bitcoin can do much to promote global economy such as stimulate cashless society.

[Fred3030]

Everyone has his or her own opinion on this issue. My point in this is that bitcoin is not a bubble as the technology behing this cryptocurrency is amazing and as such attracts attention from the global community. More adoption will certainly come the way of crytocurrency and if any one this its a bubble that will burst soon, i will say they will have to wait for all eternity. Bitcoin will live on.

[Teriyanone]

According to my understanding Bitcoin isn't a bubble but Most people will disappoint if Bitcoin price decrease further and if that happens most investors will definitely abandon the crypto market forever because even now the losses are very high and many investors are not yet moved because the invested amount is still holding as Bitcoins with a very less price than they purchased thinking they will at least get the invested amount in the near future. But no one can say that Bitcoin will crash or this trend will continue for certain because we see both negative and positive sides so only the time will decides what will be the path that Bitcoin will select and no matter what that is there will be a significant effect in the crypto currency market and the community

[Betty10]

The people that hold the fact that bitcoin has no real value but just driven by scarcity and a bubble waiting to burst are better to leave bitcoin alone and go meet their government for some fiat deal. Truth is that if I don't have faith in something, I will just walk away. Time shall tell  the definition of a bubble.

[Bugatti73]

I am believe bitcoin is real investment. Real estate is a huge bubble.  Bitcoin  this will be the new currency of the world.   

I do not think so. The bitcoin is more created for the accumulation of money, for today with this it is not possible to pay anywhere.

[tkaush]

I don't think Bitcoin is a bubble or a scam and most business individuals says that because of the huge price drop in Bitcoin but that is due to Countries tried making restrictions against Bitcoin and that is why BItcoin crashed and some tried to ban and with the price fall many thought Bitcoin will disappeared but now it is recovering like it didn't even care what happened and soon it will gain it's previous price very easily without any problem and anyone can see evidence with the price because considering last several months it is getting stronger day by day 

[arc67583]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Even I thought Bitcoin as the same way because suddenly Bicoins price dropped in a higher rate that no one anticipated but later it was clear this situation was caused due to many negative effects it had to face from the world but the world understanding towards Bitoin is changing so we can see many industries and businesses are trying to connect Bitcoin with there core business processes and that can give a good place in the near future to increase it's price and expand more in the globe 

[orayorayan2]

is it true as you say? as a beginner in the world of cryptocurrency, of course I still doubt all the statements in this discussion forum. if butcoin is a bubble that can erupt at the same time why many people are willing to bet and use it even bitcoin is very popular among all people

[sarungmen]

the fact that the price fluctuations that often occur may be where the challenges lie which often cause panic to all its users. Bitcoin is a bubble that can erupt at once it may be true that many people benefit when investing in bitcoin but not a few people lose when the price down much lower than the purchase price

[biletskiy]

According to my understanding Bitcoin isn't a bubble but Most people will disappoint if Bitcoin price decrease further and if that happens most investors will definitely abandon the crypto market forever because even now the losses are very high and many investors are not yet moved because the invested amount is still holding as Bitcoins with a very less price than they purchased thinking they will at least get the invested amount in the near future. But no one can say that Bitcoin will crash or this trend will continue for certain because we see both negative and positive sides so only the time will decides what will be the path that Bitcoin will select and no matter what that is there will be a significant effect in the crypto currency market and the community

Naturally, it is not a bubble. Most of the best top-100 cryptocurrencies are not the bubbles at all. They will not burst, and the investors will continue getting their profits.

[altercreed]

The bubble concept was coined after bitcoin has reached its highest market price last year at 20,000$ until it really falls down deep at 5,000$ in few occasions this year. It falls down more than 50% of its market price only but not totally gone as in a bubble pops. Soon, bitcoin is going to come back and rise again but these people will always remain to say that bitcoin is a bubble.

[teamspike911]

Well again the same topic ... no, it's not. Or so ... only time will show ... why just guess, do not understand. There were many examples in the history of things that could turn out to be such

[furkanatlia]

these balloon discussions are becoming very boring now. If you think you are a balloon, you can not learn by asking.

[Soneo]

undoubtedly yes! he definitely left his mark in the history of cryptology

I think bitcoin is not a bubble, too many people want to benefit from bitcoin, causing excessive bitcoin prices, but bitcoin in the future can become an international currency.

[Daniel91]

No, bitcoin is not bubble.
Bitcoin is new, revolutionary project and great investment opportunity.
Don't judge bitcoin based on the current performance but based on idea and future potential. 

[BIOX]

In my opinion it is not right to think that BTC is a bubble. Some people can be afraid of new technologies because of their unstable position but it is the great thing. Moreover we should appreciate crypto

[kemonojim]

Bitcoin is not a bubble of course depending on how much money people throw into it or how high the market price is. But it's always a pump and dump.

[MrRiuss]

it is still to early to say that bitcoin is the biggest bubble in human history. need more and longer time to prove that. only times will tell

[kolsernik]

The value of bitcoin and technology that is behind it has been given by many companies and large investors. The value is supported by the community itself.If it were not then we would not have seen with you such a capitalization that at the moment is.Bitcoin is 100% not a bubble and not a pyramid

[TGD]

it is still to early to say that bitcoin is the biggest bubble in human history. need more and longer time to prove that. only times will tell

Well i may disagree on that it was the biggest bubble, cause you are right on that point you have to take it for a long time befire it may say that. So when this can be, it needs to proove for before judging for its telling as an bubble.

[marlo1001]

I have seen the MMM bubble in 10 years in the past so I'm not thinking that the Bitcoin would be something bigger than it was, as well as 20 years ago MMM is the biggest bubble ever.

[qwerty12]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Today, we always hear reports from big banks, government figures, and many more who are called financial experts. They keep saying that Bitcoin is a bubble. They say this with so much confidence.

And this time you are "packing" their statement with the phrase "Bitcoin is the Biggest Bubble in Human History" (it looks convincing, by the way)

Well, buddy, I want to tell you, in the digital age everything changes and we need to educate ourselves with the new rules of the game.

Bitcoin is not a bubble. Bitcoin represents freedom from fiat currencies. this is a new economic boom. Bitcoin is the front-runner for a new asset class. This is the beginning of a financial revolution.

And, yes, the price changes. He went up and down, skyrocketed and sank. But that continues to increase because people around the world begin to recognize Bitcoin, not as a bubble, but as a financial boom.

[fonengo]

Hi, everybody. Time will tell the bitcoin bubble or not. We'll see.

[josephpogi]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

maybe? but people gets more money even the value of this is still dumping but it is also for  all expert trader but if you are a newbie and you put a lot of money when the value of bitcoin is too high this is not good because anytime bitcoin can decrrease anytime.

[satria2]

I have seen the MMM bubble in 10 years in the past so I'm not thinking that the Bitcoin would be something bigger than it was, as well as 20 years ago MMM is the biggest bubble ever.

So if you already know what will happen with Bitcoin in the future by looking at predictions in the past. Do you convince that?

[NevejElad]

Bitcoin is not a bubble , in human history,  if it were a bubble then right now the bitcoin and cryptocurrency are no more existing, but look at the digital world the cryptocurrency ia keep on expanding and adding more cryptos in the market ,that is why the bubble issue of bitcoin is strongly very wrong.

[agor]

Bitcoin is definitely not a bubble. At least it is not a bubble as we know them.

[Kira_lapa]

Bitcoin is not just a means of investment. People use it for the purpose for which it was created. Many people use it as a means of payment (pay for goods and services) or money transfer.

[fairytale]

bitcoins and other cryptocurrencies are one of the innovations today.These technologies are just popped up i this modern time which targets people to have a more convienient life.More and more cryptocurrencies may create and innovate overtime thus making the people lives more convienient yet reliable.

[BennyK]

When will it burst? Bitcoin is never a bubble. Bitcoin is created to enhance payment systems and cause a revolutionary turn in our world of finance. Although the paradigm is shifting more to its investment aspect, the idea still remains the same.

[Naginiya]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

This is the only period you have to convince your self and be proactive rather than active to gain much advantage while Bitcoin price is still low and Most experts guarantee that Bitcoins price will be much valuable in the future than today and it could give a great competition to most major fiat currencies and I do believe that because more tokens are bought by well experienced and potential investors and what other people do is sell there currencies for the current price due to lack of confidence so only few individuals will gain profits again during the Bitcoin journey

[CLAID]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Yes Bitcoins price got crashed but how can we say it is another bubble in the investing world because there are enough reasons to believe the future of Bitcoin will be fine and that is why I do investments but not large amounts because I don't have that kind of money but I have invested a useful amount to use in the future because we can see a slow price increase in Bitcoin but I see many won't do the same even investors who used to invest in Bitcoin because they are scared or there are other ICO projects they see profitable than investing in Bitcoin but the problem is there is nothing we know about them like we know about Bitcoin and what will happen to the investment   

[Theaticands]

What intrinsic price has that piece of paper with a president's head/queens head and so on on have? in the end it is simply a bit of paper. think about why and what forex became invented for-it became invented to make bartering extra bendy, Bitcoin and so forth are just extensions of this; by means of using technology to deliver it up to date.

[GeorgeWyll]

I'm sure that you are mistaken, considering bitcoin a big bubble. In 2019, the bitcoin rate can overcome the mark of 20 thousand dollars. Perhaps those who say that bitcoin is a bubble simply do not have the money to buy bitcoin. How many people, so many opinions, but if you say that bitcoin is a bubble, you need at least to have it and feel what it is.

[Oleg345678]

People often do not immediately adopt new technologies and want to let them into their lives. Governments have not yet figured out a way to take the tax for crypto currency, so while they say that Bitcoin is a bubble. Then they will say that it's good. Then people will accept and love the Bitcoins. Then there will be no talk about Bitcoin being a bubble.
Now do not listen to the government, you have to think with your head.

[drm]

I think it is not because Bitcoin is still a small market, not really large, and with the development of supply and demand. The biggest ball of history has not yet appeared.

Yes bitcoin needs to grow more, it's still relatively small. So how can one speak of the biggest bubble?

[CrystalPham]

I do not think bitcoin is a bubble. But if it really was a bubble, this would be the biggest bubble in history with a huge market capitalization.

[maemunah]

for sure, but it takes a long time for bitcoin to soar very high in price. if the supply of bitcoin is getting smaller and the demand is increasing, the price of bitcoin can experience a huge increase in price, and that is certain

[AlexandrInt]

Maybe so, but in the history it of course is captured, so as the coin itself is very good, and popular, her nastojashemu polzuyutsya and they like, and this is probably in the near future will not end.

[daicavung]

Not a bubble, they are already present and growing quite well around the world, so we see the market today is never able to criticize these coins, so they have created an extremely large spider web

[AristoteI]

Yes, maybe it's true that bitcoin is the biggest bubble in human history, but its difference from all the other bubbles is that it will never burst. It will grow more and more.

[MinerFTW]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I do not think Bitcoin and, in general, all crypto currencies are a bubble. With every bigger drop in the market, everyone hopes this will be the end, but the BTC and other coins return stronger. I think this time it will be like that again. In my opinion, more and more people are starting to believe in BTC and more and more people are entering into the crypto world.

[Premooooo]

The price of bitcoin dropped considerably so I think it's still a return to its price at the right time but it's hard to recover because many investors are angry with the big money they lose in bitcoin.

[ObsidianCharlie]

56.2% dominance. that's good.

And I can now confirm Bcash is at 0.074 (2 s.f.)

All Good for Bitcoin.

These are the take-off ramps, not just for Bitcoin, but for honest, decent cryptocurrencies.

[suzanne5223]

for sure, but it takes a long time for bitcoin to soar very high in price. if the supply of bitcoin is getting smaller and the demand is increasing, the price of bitcoin can experience a huge increase in price, and that is certain

For sure? I don't see any reason why Bitcoin is a bubble in human history not to mention biggest bubble and that is if you follow the price movement very well with good price analysis you'll not that the current dump in price is glaring.

[Finatu]

Not a bubble, they are already present and growing quite well around the world, so we see the market today is never able to criticize these coins, so they have created an extremely large spider web

Bitcoin is a phenomenon, in a decade has turned into an important currency. Although the beginning of the creation of bitcoin, its value can only buy pizza. But now it is worth thousands of dollars, even in December 2017 the price was almost US $ 20,000. Is this a bubble? I do not think so, but prices are formed because there is supply and demand.

[nakarp]

yes bitcoin the biggest bubble in human history.

[bluehive21]

I don't think, just too many people want to profit from the bitcoin, led to excessive bitcoi prices, but the bitcoi in the future could become international currency, so I think the bitcoi is not a bubble,

I agree because in the past the bitcoin demand was much higher so most individuals ambition was to buy more and more bitcoin so with the increase of high demand bitcoin price increased to the highest level but like in many things in the financial world anything goes up will be down some day and bitcoin did the same way but the situation is not permanent so it cannot be considered as a bubble and I think bitcoin is going through a significant time period these days to become a reputed currency in the future

[Dmitry.Vastov]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Bitcoin is very sustainable crypto currency and this thing is not hypothetical as bitcoin has proved its worth and made its existence since more than a decade and there are even possibilities that bitcoin would end up being the central currency of the economic market and there are millions of people around the world who are being benefited by bitcoin so I think morons are the people who call bitcoin a fraud, or a scam, a Ponzi scheme or a bubble that would burst soon and I think time will answer them all when bitcoin will be declared as a central currency of the economic market.

[Dreamrone]

Bitcoin is becoming stable and is not a bubble certainly and if some one thinks otherwise I suggest to look closer about price movements during last few months. Bitcoin will be fine and strong in the future and I am saying this because even as we speak Bitcoin is getting more followers that the past so unlike several years ago now more individuals posses at least some amount of Biitcoin in there wallets to use as investments or to make payments and with that bitcoin might become more productive and usable in the future so definitely it will do fine 

[CeyCrypteon]

Above saying is what general public say when the bitcoin topic comes up which is Bitcoin is a big scam and a bubble in the investment industry that has no value which is a big lie that was promoted by media but the once who believed specially holders who were holding bitcoin sold to get rid of the market as soon as possible and moved to other investment options but now day by day most people are understanding the truth again and investing on Bitcoin so that is why its price is increasing

[Roni116]

I don't think bitcoin is a bubble, but I think bitcoin is a technology that can combine currencies and investments and will generate huge profits.

[euronine897]

Price of the bitcoin will recover soon and it will show it is not another bubble . Due to bitcoin price drop even top cryptocurrency investors got panicked and sold for a lower price and in that time countries like USA, India kept fueling the situation ignoring the bad effect on investors and benefits that the country could have gained by using it and for the positive side significant businesses in various areas trying to implement Bitcoin with there core business processes because tech experts know digital currency is something extraordinary when compared to fiat paper currencies so doesn't matter what the world thinks now the future will definitely welcome Bitcoin with open hand   

[Blackamoh]

As far I know the blockchain system is the most trusted system and bitcoin is totally based on that system so, how could it become a bubble.

I think the only difference is that Bitcoin is virtual and the other is physical. Who knows, gold, diamonds and pearls may only be stones in a parallel universe. So we cannot say that Bitcoin or cryptocurrency has no value at all. It took 9 years for BTC to reach that price.
If you think Bitcoin has no value, then gold, diamonds and pearls should have no value too. This is a human who gives value to assets.

[Sandijoee]

of course, bitcoin will bubble. Because too many people in this world want to get profit with bitcoin. And that will make the price of bitcoin excessive or expensive. Because bitcoin is for the future so I think bitcoin will become a bubble.

[orarider]

I think the new gold is the biggest bubble in human history. Gold is accepted all over the world. Gold is the national treasure. Whereas bitcoin is just virtual currency. Many countries have not accepted bitcoin yet.

[nguyen0806]

yes, bitcoin the biggest bubble in human history, crypto might be dead, but not blockchain tech

[hhk1045]

Yeah, crypto is a bubble but saying the biggest bubble is a very assertive word. There are various bigger bubbles in human history. Also, I think not bitcoin but also cryptocurrencies are a bubble.

[Omega Weapon]

No, the biggest bubble in the world history is the current fiat system that is not backed by anything and yet people all over the world accept those currencies as if they had any value when they don't, and as you may guess at some point in the future that system is going to collapse and the financial problems that we will face will be incredible but fortunately bitcoin will be there to help us.

[efxtrader]

Bitcoin have instrinsic value on network security and can not hack. Bitcoin have data transaction that can not hack by any hackers and i think bitcoin is not a buble. If bitcoin is a buble, i am believe financial institution not interesting to join in cryptocurrency

[Pyr3x]

I think you are mistaken in calling bitcoin a bubble. This is a very promising technology that has already been introduced into the world and is being used.

[rtm125]

You could call bitcoin a bubble, but it is actively developing, improving and, most importantly, is actively used in the world as an investment and as a currency (though to a lesser extent). So what bubble are you talking about?

[ngamuk tok]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Why are you still hanging around on a forum, dedicated to Bitcoin, if you do not believe in the technology? What intrinsic value does other products and commodities have, other than the demand for it? Bitcoin's intrinsic value is linked to the weight of it's use case.

If you want to send money from one country to the next and you want to do it cheaper than MoneyGram or Western Union, then you use Bitcoin. <for ANY amount> This is just one of the use cases for Bitcoin. <Hassle Free>

Yes, you are right. that is the advantage that bitcoin has.
we can send it anywhere in the world at the same cost.

[Sam San]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

if the asset is in demand in the world the more expensive it is valued. whatever the asset is hyped or inflated like a bubble, if it is not in demand in everyday life, it will quickly deflate in the modern rapidly developing world.

[SWASIRI]

Bitcoin can be mentioned as a bubble or a failure if it disappear from the cryptocurrency world forever by becoming its price to zero but that didn't happen and it is very far from happening at the moment when considering its expansion and the demand it is gaining even under pressure and many obstacles it had to face during this time and specially this year like no other and after this year we would see a huge progress in price of bitcoin

[Oleg345678]

I think Bitcoin is not a bubble, it's a new technology. New technologies people do not immediately begin to trust, so there is a lack of confidence in Bitcoin. Already several times the price of Bitcoin fell dramatically and people started to say that it was a bubble, but then the price started to grow again and people again bought Bitcoins. I believe in Bitcoin.

[MADUWAN]

Many call bitcoin a bubble because its market price got bearish but the happened due to media, governments and other financial reasons that we see today and among them government restrictions and media news are main reasons why bitcoin cannot grow as it want in the world to its full potentials and those two are the main reasons why its price is not increasing like we anticipated after its drop because governments use media to promote bad information to stop bitcoin from using it in the future and that has become a major reason for bitcoin price to drop     

[Fappanu]

Bitcoin is one of the most well-crafted invention in human history.
Because all transactions here are anonymous and this is not impractical.
And many people get rich because of this because it's also a form of investment. Where prices may rise and fall.

[trauchot]

No, bitcoin is not a bubble and it will not burst, because with the help of bitcoin technologies we were able to achieve new goals and will achieve more in the future. The only bitcoin problem is its price, which always falls or grows and it may seem to many people in the form of a bubble. I think that while bitcoin makes a profit, it's unreasonable to call it a bubble, because its charms are not only in price but also in possibilities.

[darga85]

https://contest.zestcoin.io/6462/4943627

[Kamote_1102]

If Bitcoin is the biggest Bubble, then many Investors are being fooled right now by Bitcoin. However, those people who keep on saying that Bitcoin is always wrong for many years. because until now, Bitcoin is existing and it will not burst out or be gone just like what other people are saying.

[Leocristophe]

Bitcoin is the biggest bubble in the cryptocurrency market because many people around the world still don't know Bitcoin. So leave the positive side of Bitcoin to the attention of investors and expand the scope of Bitcoin to crypto space.

[teamspike911]

Well ... I doubt it very much;)
The biggest bubble is the modern world financial system. Now this is a real bubble that is damn close to that of a lopun. So if measured in monetary terms, bitcoin did not get close to the dollar. There is something to think about ...)

[Faeton]

Yes, maybe it's true that bitcoin is the biggest bubble in human history, but its difference from all the other bubbles is that it will never burst. It will grow more and more.

There are no financial bubbles that would not burst with time. If bitcoin is a bubble, and by all external signs it is, then it will vseravno someday burst. While with its use it is possible to work and earn money. The main thing is to feel the border when it will be necessary to switch to the use of another crypto currency. Therefore, the higher the bitcoin price rises, the more risky will be the investments in it.

[virarara]

I don't really know this, but I know if this can be beneficial to humans, I think bitcoin is a big bubble and will change people's lives.

[RomertL]

Bitcoin is not a bubble. It's a new way to earn money sitting at home. But you can think as you will and never buy bitcoin.

[greg0rioo]

I think that's because there are many bitcoin users in this world. Although there are still people in this world who don't use bitcoin and some even hate it. But I personally don't think about it.

[kaisa]

The problem is not the bitcoin bubble, but it is in the exchange. The exchange is now almost like a bank that can adjust prices according to their wishes. so that bubbles will happen again like inflation at the central bank. we must know the history of money and how money (guaranteed gold) turns into a currency that has no value. Whereas Bitcoin is different, bitcoin is a digital currency that is not regulated by the bank but it turns out that fraud occurs in the exchange, then what is the solution?

[monocolor]

I used to hear that internet is the biggest bubble, now I don't hear it any more. Bitcoin is going to stay and strive.

[Delinquency]

Maybe it can be but not for now. To call bitcoin as "bubble" its price has to be 100k at least. We saw nothing so far, there can be a bubble in a couple of years but not now. Btc has still long road to run

[killerfrost]

Right. Bitcoin is the biggest bubble in human history. Bitcoin has surpassed every imaginable human imagination. The bitcoin price has reached $ 20000 and in the future will be even higher. Bitcoin has strongly influenced the world economy and the world currency system.

[orarider]

I think gold is the biggest bubble in human history. Gold is an international reserve. But in terms of technology, bitcoin is the biggest bubble. Bitcoin has changed the international monetary system. Bitcoin hit a record $ 20000.

[p i e c e]

I think Bitcoin is not a bubble, it's a new technology. New technologies people do not immediately begin to trust, so there is a lack of confidence in Bitcoin. Already several times the price of Bitcoin fell dramatically and people started to say that it was a bubble, but then the price started to grow again and people again bought Bitcoins. I believe in Bitcoin.

And I still do not understand why many countries do not want to develop this technology. They tell people to quit dealing with Bitcoin as it is a scam or a bubble. BTC is the best and the fastest way to earn now.

[Harley_Quinn]

I think otherwise. The biggest bubble in the history of mankind is fiat money. no one has so far understood what the endless issue of money can lead to.

[Sam San]

I think otherwise. The biggest bubble in the history of mankind is fiat money. no one has so far understood what the endless issue of money can lead to.

the appearance of paper money after gold coins is the biggest Scam of mankind in the financial sphere.

[DJ_Rick]

I don't think that you are right when saying like this because btc has many pros and it is used in many spheres now and will be used later, i think we need to use it more as it has many benefits

[Verde_Mantis]

I don't really think that bitcoin is a bubble, of course last December it went up too much, for sure there has been some heavy manipulation, but that doesn't mean that everything is gonna end, we're still at the beginning of this.

[Sumo]

I think you are wrong that bitcoin is a bubble. Having read your message, I didn't see any fact that would speak about it. And while you're lying, bitcoin continues to evolve and thrive.

[fattyforhire]

After all, these price fluctuations do raise doubts about the reliability of bitcoin, but if you study it better, it becomes clear that volatility is a natural feature for this technology. Therefore, there is no reason to panic.

[bitvelk]

If bitcoin really was a bubble, would it have gained such a spread around the world and investor confidence? And for so many years? Don't think. I believe in bitcoin, so I continue to support it.

[vfrcbv911]

A bubble is an unjustified overestimation of an asset's price. But the fact is that the true value of bitcoin can not be determined, because it depends on the subjective assessment of each market object. Therefore, it is incorrect to call bitcoin a bubble. IMHO

[btc78]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

After what happened last December 2017 i can say yes,this coin is the biggest bubble world has ever had,jumping upto 12-14,000$ from $6,000 to 20,000 theres no doubt that this is a bubble history will ever record.but with whats the movement now this is the right market and right value of cryptocurrency

[Dolarin]

I think Yes, bitcoin was a bubble in the winter of 2017, but that's normal. There have been bubbles in the history of all assets because at the beginning it is not clear what the true value of the asset is. Especially this new asset like cryptocurrencies.

[Summerwalk]

I don't know but I decided to buy $1000 worth which was a little over 2 BTC at the time, still holding

[Benatiabayer]

After the development of technology, and the accompanying new forms of finance. With the fluctuation of the price in a short time, Bitcoin has the essentials to become a new dotcom financial bubble. The growth of bitcoin and decentralized currencies has shown a strength. Big will change the way the world works that many big corporations and government can not anticipate. Bitcoin is the bubble, but also the future.

[Escf4]

Those who are haters of bitcoin and cryptocurrency will not stop spreading fake news about bitcoin, especially now that the bitcoin  price value is falling ,they will ride in the latest hot news about market price falldown and spread fake news that bitcoin is dying, but for bitcoin and crypto followers just never mind them,they even say it is a bubble but for now is going very popular.

[oni4an]

Then why do you cryptocurrency? You signed up here and Cheep in a branch about Bitcoin that you do not believe in it. Perhaps you just need proof of the value of Bitcoin? Are you afraid to spend money to invest and burn? It is strange that you doubt bitcoin, but do not doubt the usual banks with paper currency.

[raking]

I think in the cryptocurrency market, the price of bitcoin is up and down is obvious so it does not deserve to be called a bubble. Bitcoins are always valuable, if bitcoin does not exist, there will be no other cryptocurrency coin. Bitcoin has existed for many years and it remains the king in the cryptocurrency market.

[ganlianshifu1]

BTC and blockchain are new technological revolutions, not bubbles!
The emergence of Bitcoin has changed the existing financial system! BTC is an important weapon against the sovereignty of sovereign countries!

[AdoboCandies]

You must first know the definition of the word "Bubble" if you can see bitcoin is running and developing for 9 years and you said that it is a bubble, for me, Bitcoin is a technology and economy innovation for the world because now it is the first virtual currency that is being used and accepted by different stores, merchants, companies and even banks so if the people is still using it the "bubble" will not disappear in thin air.

[KingOfWinterfell01]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Probably. But I think it isn't because of the fact that no on owns bitcoins to start with. Meaning no one is accountable to bring down bitcoins because no one manages it. In fact, bitcoins are just far too big to fail from now on because it has developed itself well.

[karloscimot]

in my opinion. we can say bitcoin like that, bro. because if we look at it from 2017. the price of bitcoin in just a few months the price went up soaring high into the air. but after entering 2018 bitcoin prices fell back to the present

[SeVenlast]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Probably. But I think it isn't because of the fact that no on owns bitcoins to start with. Meaning no one is accountable to bring down bitcoins because no one manages it. In fact, bitcoins are just far too big to fail from now on because it has developed itself well.

Makes sense, things that cannot be predicted when they will decline and rise again make Bitcoin will not be that easy to die

[juwelr898]

During an interview with CNBC Fast Money, Novogratz explained that it is impossible for Bitcoin not to rebound to the $8,800 to $10,000 range. Over the last three days, the crypto market has added $25 billion to its valuation, triggered by the 100 percent increase in value of Ripple and strong momentum demonstrated by Ethereum.

[gonizar]

Bitcoin is now a very calculated thing that everyone tries to get and also gets it, bitcoin has become an extraordinary investment commodity. The only difference is that Bitcoin is virtual and the other is physical. So we cannot say that Bitcoin or cryptocurrency has no value at all. It takes a while longer for BTC to reach the price.

[VaryTime]

I don't think bitcoin is a bubble because I believe in bitcoin's future. For sure, bitcoin will have a bright future ahead.

[Sam San]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Probably. But I think it isn't because of the fact that no on owns bitcoins to start with. Meaning no one is accountable to bring down bitcoins because no one manages it. In fact, bitcoins are just far too big to fail from now on because it has developed itself well.

Makes sense, things that cannot be predicted when they will decline and rise again make Bitcoin will not be that easy to die

in the near future, everyone will see again what bitcoin is worth. the latest analysis of analysts ' wallets showed that the main holders of bitcoin did not sell in 2018, the togol was 10-15% of the total number of bitcoins.

[lebronLALK]

It's obviously not as big of a bubble in dollar value or participants the real estate market or dot com, so this writer must be talking about the percentage drop.
But it's not even as big of a percentage as previous Bitcoin drops.
So a more accurate title would be " Bitcoin, the Biggest Bubble in History, is popping again."

[Panasony]

We may consider bitcoin to be one of the largest property balls in the world, with the market surging and suddenly changing. Bitcoin - the greatest bubble in history - is about to explode.

[Getmon]

Crypto may be a bubble in the end, just like the rest. But I am 100 percent sure that it is not the biggest. It is not even the second biggest, or third, or fourth biggest. It is in fact one of the smaller bubbles. What I can think of right at this moment is that the banks and the banking system that we have right now are one of the largest bubbles of human history. And that would include our fiat money. That is one laughing matter in the years to come in our civilization. Actually, right now, it is already funny how humans are so engrossed with it when it is but a mere invention of the powerful elite.

[Katystrong]

yes. You're right. Last year, Bitcoin is a bubble but it doesn't matter. It is still not the biggest bubble in human history

[Evacarter]

Bitcoin price is too high, Bitcoin's capitalization is huge. Bitcoin was born just over 9 years. No one knows how high the future of Bitcoin will be. This bubble is too big.

[Buttermellow]

Probably that bitcoin is the biggest bubble in human history. It pops out when its size gets bigger. However, once it pop out another bubble will going to start and grow again. So bitcoin is an endless bubble that will always pop out and there will be new bubble to start again. This will be linked to market price volatility of bitcoin. Once it reached its higher market price it will definitely falls down again where most of the investors will going to sell their bitcoin holdings.

[blacknigga]

Cryptocurrency creates new values without any underlying principles, all based on the psychology of the masses. Especially Bitcoin, it can become the biggest Bubble.

[astropark]

of course it may seems to be a bubble, but it is no guys, lot of tech inside Bitcoin project

[Getcoinsite]

If we will look back what had been the movement of bitcoin value last year when it reached $20,000 maybe i will consider calling it a bubble,and since that was huge then yes,thats the  biggest bubble of the history so far,nothing can be compared to this in lifetime.imagine how big was that considering to be a digital currency ,and no physical assurance

[conanshinichi]

never more than 21 million Bitcoins, as well as technological innovation, will be the basis for securing the long-term value of these digital coins. Bitcoin will not be Bubble.

[peterstark]

Bitcoin is not a bubble, Bitcoin develops with Blockchain technology. Potential and great application in the future. Bitcoin is the change.

[project_delta]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

This forum is dedicated to Bitcoin enthusiasts. Having a question is alright, but complete neglecting it is an issue here.
Coming to your point,most things' prices goes up with their popularity. I would like to consider 2018 as the preparing period of what is coming next for Bitcoin.
Only the ones hanging around will get benefits then.

[richman3451]

I do not consider bitcoin a soap bubble if you look at the statistics of the growth of the market and the fall, now there will be a growth of bitcoin and why it is so worth it I think in the complexity of its extraction and in the great interest of large corporations

[Flor1982]

If you believe that Bitcoin is a bubble then when do you think the time it will burst? Because i don't see any bubble that will burst for a long time period. Bitcoin is not a bubble and it will not burst as numbers of countries that adapting Bitcoin is increasing which mean that it is impossible for the Bitcoin to burst and disappear like a bubble.

[bstash]

Bitcoin's value is unstable however I don't think cryptocurrency is just 'bubble' 

[Yara1]

From your statement I don't think you should still be hanging around this forum, and you still here show that you still have love for bitcoin, how can you say a bitcoin with it great value should be worthless, with time you are going to realize that you have made an uninformed statement.

[Olnino]

кaк пo мнe тaк биткoйн пpикoльнaя штyкa 

[erifubirugen]

Everyone says different things about the Bitcoin today. Someone says it is biggest bubble ever someone says the Bitcoin is the biggest investment and the big chance. I really don't know what to say but i know that matematicly you can't loose when you invest in bitcoin. It seems impossible.

[juwelr898]

An Initial Coin Offering (ICO) is the cryptocurrency space's rough equivalent to an IPO in the mainstream investment world. ICOs act as fundraisers of sorts; a company looking to create a new coin, app, or service launches an ICO. Next, interested investors buy in to the offering, either with fiat currency or with preexisting digital tokens like ether. In exchange for their support, investors receive a new cryptocurrency token specific to the ICO. Investors hope that the token will perform exceptionally well into the future, providing them with a stellar return on investment. The company holding the ICO uses the investor funds as a means of furthering its goals, launching its product, or starting its digital currency. ICOs are used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks.

Read more: Initial Coin Offering (ICO) Definition | Investopedia https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp#ixzz5S6xTm6xH

[Elqui]

I don’t think so, because bitcoin is so established that it is so hard for it to be a bubble. And infact, there are so many things now that is connected to bitcoin.

[Denamen]

I dont think so. the price of BTC raise too much due to the fact that there are too many people buy it without knowledge. They just wanna get high profit in short term and that is not BTC fault. I think BTC has own value and it can be used in the economy

[Silberman]

During an interview with CNBC Fast Money, Novogratz explained that it is impossible for Bitcoin not to rebound to the $8,800 to $10,000 range. Over the last three days, the crypto market has added $25 billion to its valuation, triggered by the 100 percent increase in value of Ripple and strong momentum demonstrated by Ethereum.

I really do not understand what you are seeing, it is true that ripple had a very good day and went up a lot in terms of price but now it's going down, and ethereum has not shown any kind of strong momentum, its price is going down once again, the right thing to do right now is to stay out of the market and not enter in it until there are very clear signs that things are going to improve.

[Wish 107.5]

I don’t think so, because bitcoin is so established that it is so hard for it to be a bubble. And infact, there are so many things now that is connected to bitcoin.

We can’t say it today just because the price is low, we all know that the price of bitcoin is unpredictable, it may be low today but it can still be high in the future. It is not a totally bubbly at all.

[maloibtc]

I don't think that it is the best way to think so because it is the wrong opinion. btc is not a bubble at all, it is the coin that is worth attention because it has a great potential and now it is going to become the leader on the market

[Omega Weapon]

We may consider bitcoin to be one of the largest property balls in the world, with the market surging and suddenly changing. Bitcoin - the greatest bubble in history - is about to explode.

The bubble burst a long time ago, the price that we are seeing of bitcoin is very low, we are seeing the opposite of a bubble, we are seeing that the price of bitcoin should be way higher but people are very afraid because they are thinking that another crash is coming not realizing that this is the perfect opportunity to buy bitcoin for a cheap price and it's not going to last for long.

[Qurelal]

I agree. Bitcoin is a big bubble and it should burst. Perhaps it will happen now. I don't think that it is the biggest.

[Nolan786]

I would regard it as a bubble, and since that's great, yes, it's the biggest bubble in history so far, nothing can compare to this throughout life. never more than 21 million Bitcoins, as well as technological innovation, will be the basis for ensuring the long-term value of these digital coins. Bitcoin is not a bubble, Bitcoin developed with Blockchain technology. Bitcoin is a change.

[gorodi]

If you believe that Bitcoin is a bubble then when do you think the time it will burst? Because i don't see any bubble that will burst for a long time period. Bitcoin is not a bubble and it will not burst as numbers of countries that adapting Bitcoin is increasing which mean that it is impossible for the Bitcoin to burst and disappear like a bubble.

I think we all have to stop to compare Bitcoin with a bubble. It is the best cryptocurrency that has been ever invented. It is our future, and the great way to earn money.

[Tetutu]

I don’t think so, because bitcoin is so established that it is so hard for it to be a bubble. And infact, there are so many things now that is connected to bitcoin.

I think bitcoin is not a bubble that until a certain point explodes, then becomes worthless. Because the price of bitcoin is made by supply and demand, not manipulation or fraud. The increase in bitcoin prices is remarkable, until financial experts estimate the price of bitcoin is a bubble.

[Phoenixhall]

I do not consider bitcoin to be a soap bubble if you look at market and fall market growth statistics, now there will be bitcoin growth and why it's so valuable that I think of it. the great mind of the big corporations. Because I do not see any bubbles that will explode for a long time. The value of Bitcoin is not stable but I do not think electronic money is just 'bubble'

[slaz26]

The first time I met with this currency a few years ago. Then it cost from 9 to 11 thousand rubles. Course his hesitated. Now the course is also unstable, but jumps from 215 to 270 thousand rubles.

[Globalbitcoinl]

the biggest in relation to what? to the number of people or the number of values? I think that's an absurd proposition.

[max fray]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

Due to its digitized nature bitcoin is even more valuable than gold and such like because it is the technology and services that make out lives easier and cheaper are of great demand nowadays.
I didn't want to say this cliche "btc is digital gold" aloud, but just think over this phrase a bit deeper and you will realize that blockchain is indeed something more valuable than any precious metal

[fortuner]

If you believe that Bitcoin is a bubble then when do you think the time it will burst? Because i don't see any bubble that will burst for a long time period. Bitcoin is not a bubble and it will not burst as numbers of countries that adapting Bitcoin is increasing which mean that it is impossible for the Bitcoin to burst and disappear like a bubble.

you're right, bitcoin never explodes from its bubble, even though the price drops but bitcoin still has a high value, if indeed bitcoin is a bubble and has exploded, bitcoin should no longer have value as in the beginning of the creation of bitcoin

[topkhai]

Bitcoin isnt part of the bubble. There are things that cause the price and selling value of bitcoin to continue to increase due to several factors that can make the price of bitcoin continue to touch the highest point. Among them, such as the price of bitcoin that is bought a lot by individuals or bought by many companies so that the price of bitcoin is increasing

[zheniasom]

Then what do you think is the reason why fiat currencies have value despite it being just a paper? Because it is backed by government? Fiat currencies have value because most people sees it as the most convenient currency to use to transact daily(supply and demand). It is the same in bitcoin's case but instead it is being used to transact online.

[adamtruongkz]

If you think Bitcoin has no value , then gold, diamond and pearls should not have any value too. Its the humans who give a value to an asset. Fiat currencies have value because most people sees it as the most convenient currency to use to transact daily(supply and demand).This shows that they only want to Show your own professionalism and spread the rumors.

[Bonnie113]

When the demand for using bitcoin more, its value will increase. Bitcoin isn't a bubble, in the future, it will become currency global and widely used.

[markint]

I don't think so, because the previous occasions in which some bubble burst was due to the fact that they were assets that had been overvalued, on which a great expectation had been built that generated an emotional reaction from the speculators that led them to invest frantically in something about which there was no certainty. In the case of bitcoin no one doubts how valuable it is, or how important it will be in the near future, although we must admit that at the end of 2017 there was also an intense speculative wave around it which led the price of bitcoin to the high levels observed then.

[bitcoindusts]

I really can't blame you for thinking that bitcoin will end up among the economic bubbles known to man. It does have certain traits that could lead a person to think that it is a bubble. The displacement, the boom, the euphoria, the profit taking and the panic are all real, and these are the essential indicators of a bubble.

But come to think of it, have bitcoin really hit the euphoric state when crypto experts and enthusiasts both believe that we haven't seen the best of bitcoin yet. There is a lot of speculation going on that bitcoin has just started. And should bitcoin does end up as an economic bubble, are we not to be thankful that a clear opportunity is standing right in front of our eyes to correct things.

Perhaps the community being aware of the chances that bitcoin just might be the biggest bubble in human history is the perfect opportunity to set straight its path and ensure that bitcoin remains valuable and of utility to survive the forecasted crash after all the panic. And i also strongly believe that each of us can contribute to keep bitcoin's strength by remaining present and active in its market.

[dlhezter]

I really can't blame you for thinking that bitcoin will end up among the economic bubbles known to man. It does have certain traits that could lead a person to think that it is a bubble. The displacement, the boom, the euphoria, the profit taking and the panic are all real, and these are the essential indicators of a bubble.

But come to think of it, have bitcoin really hit the euphoric state when crypto experts and enthusiasts both believe that we haven't seen the best of bitcoin yet. There is a lot of speculation going on that bitcoin has just started. And should bitcoin does end up as an economic bubble, are we not to be thankful that a clear opportunity is standing right in front of our eyes to correct things.

Perhaps the community being aware of the chances that bitcoin just might be the biggest bubble in human history is the perfect opportunity to set straight its path and ensure that bitcoin remains valuable and of utility to survive the forecasted crash after all the panic. And i also strongly believe that each of us can contribute to keep bitcoin's strength by remaining present and active in its market.

I agree with your thinking, Bitcoin is very volatile in its nature, Thinking it was a bubble is just saying that your earnings are also an imagination right? everyone benefited from Bitcoin a currency that still exist, i can't blame people who are no trust on this but it is still there, has a high value as ever , It still exist in the market and never let some holders down for nothing, It is indeed a bubble because it comes from nothing but it is now a something that every users can go with.

[SeVenlast]

There are lots of people who argue this way and many of them are just faking it so that they can buy the Bitcoin when it is dumped. I have seen lots of influential people just give negative statements so that they can invest and get the most in the dips.

This is a great way for people who have learned about Bitcoin because by scaring people will get a cheaper price and generate higher profits.

[satria2]

If you believe that Bitcoin is a bubble then when do you think the time it will burst? Because i don't see any bubble that will burst for a long time period. Bitcoin is not a bubble and it will not burst as numbers of countries that adapting Bitcoin is increasing which mean that it is impossible for the Bitcoin to burst and disappear like a bubble.

you're right, bitcoin never explodes from its bubble, even though the price drops but bitcoin still has a high value, if indeed bitcoin is a bubble and has exploded, bitcoin should no longer have value as in the beginning of the creation of bitcoin

I haven't found any type of coin that has a better price than Bitcoin so Bitcoin is a coin that is best of all other types of coins that ever existed.

[Simsonie]

Not that big but I think I already affect to our life a lots. Since last December, bitcoin is mentioned every where. People think it is benefit and invested without knowing about their investing. And finally, they took a risk, they called it was a bubble, a ponzi.

[killat]

Stop comparing Bitcoin with a bubble. Bitcoin isn't instant and it isn't 100% safe either. I don't consider it a scam though. Bitcoin was not made to be used as an investment, it was made to be used as currency but it is rarely used as a currency these days.

Why isn't it a buble/scam? Because Bitcoin whitepapers don't promise you an ROI and the developers behind it keep working no matter the price goes up or down. It isn't their problem that you use Bitcoin as an investment and you losing money by not doing proper due diligence does not make Bitcoin a buble, neither a scam.

[saumang2m]

I agree with your thinking. That bitcion has become very valuable for the people. Because people are able to meet their needs through Bitcoin. And in the coming time, the price of Bitcoin will increase further.

[bitfocus]

if that's your idea bout Bitcoin, I would suggest you to spend the time you are using here, a dedicated forum for BTC and to use this time, energy and brain onto something you really understand.

[Blackwhite69]

if that's your idea bout Bitcoin, I would suggest you to spend the time you are using here, a dedicated forum for BTC and to use this time, energy and brain onto something you really understand.

This forum is indeed to explain this to better understand the crypto world every development. Everything will always develop and improve with the information provided here.

[SoiledDove]

Since the evolution of human society, many innovations have taken place. Bitcoin is a revolution but it is simply the latest in a long line of revolutions. It's not novel in being a revolution. Like all revolutions, it has turned the world upside down. It's the latest in a long line of revolutions.

[gaslyant]

I think the South Sea Bubble was bigger. Also, every new interesting tech brings hype with it. Tech market also had a bubble when those companies first came out. With the speed of information we have right now it's easier to manipulate people and people react faster.

[maxy1999]

I do not think that. I think gold is the biggest bubble in human history. Gold is an international reserve. All countries, banks accept gold payment. For bitcoin, bitcoin is of great value but not yet accepted in many countries.

[Coinmyjob]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

I put in more drops and very not sickly so will drop my goal of $100, to panic maybe less. Once a target is just going to repurchase. And in the long term-Yes, should show the height, the main thing to have time to buy.