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Author Topic: Bitcoin - It's not a bubble, it's a boom  (Read 3231 times)
Herp
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October 28, 2013, 10:55:58 AM
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That's right. Too many people in this community throw around "bubble" word without actually fully grasping the concept and its negative connotations. This is a crappy word mainstream media uses ad nauseam to downplay and mock Bitcoin. Don't fall for it by using it yourself.

Bitcoin IS NOT in a bubble. Massive explosive exponential growth or a boom is not synonymous with bubble.


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1513512556
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Pokerfan
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October 28, 2013, 01:57:37 PM
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Proof of this is the very minor (in bitcoin terms) correction from $205 to $160. We have seen bubbles and when they pop it's much more than -30%.
waltermot321
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October 28, 2013, 02:22:31 PM
 #3

That's right. Too many people in this community throw around "bubble" word without actually fully grasping the concept and its negative connotations. This is a crappy word mainstream media uses ad nauseam to downplay and mock Bitcoin. Don't fall for it by using it yourself.

Bitcoin IS NOT in a bubble. Massive explosive exponential growth or a boom is not synonymous with bubble.

Its not in bubble but its coming.....

theonewhowaskazu
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October 28, 2013, 02:24:06 PM
 #4

Yes, except for traders, everything is a bubble, because every large gain is subject to generally proportionally large correction.

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October 29, 2013, 06:23:10 AM
 #5

Bitcoin price is still very volatile so 'bubble or boom' remains to be seen.

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October 29, 2013, 08:22:03 AM
 #6

Anyone who knows anything about economics and Bitcoin knows that the whole idea of Bitcoin being a bubble is a load of bullshit, you're preaching to the choir Cheesy people in the financial sector have been doing this with the Chinese economy as well Americans in particular were trying to claim that China was a bubble despite the fact that considering they're using paper money their economy is actually being run very efficiently.
Herp
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October 29, 2013, 08:50:08 AM
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Anyone who knows anything about economics and Bitcoin knows that the whole idea of Bitcoin being a bubble is a load of bullshit, you're preaching to the choir Cheesy people in the financial sector have been doing this with the Chinese economy as well Americans in particular were trying to claim that China was a bubble despite the fact that considering they're using paper money their economy is actually being run very efficiently.

First smart reply in this thread. Smiley

Would seem the choir ain't that big unfortunately.


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Amph
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October 29, 2013, 12:51:12 PM
 #8

just price correction, real bubble still isn't arrived

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ekiro
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October 29, 2013, 04:06:53 PM
 #9

That's right. Too many people in this community throw around "bubble" word without actually fully grasping the concept and its negative connotations. This is a crappy word mainstream media uses ad nauseam to downplay and mock Bitcoin. Don't fall for it by using it yourself.

Bitcoin IS NOT in a bubble. Massive explosive exponential growth or a boom is not synonymous with bubble.
Yeah! It has its ups and downs like all other markets. It just moves faster because its digital and global. And fucking awesome.
rpietila
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October 29, 2013, 05:38:19 PM
 #10

A bubble is something that pops and that's it.

Bitcoin's resurrection from 2011 abyss was a proof that it is a revolutionary technology and capable of delivering unbelievable returns to speculators who don't sell prematurely. i.e. not a bubble
MAbtc
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October 29, 2013, 06:04:00 PM
 #11

Boom, bubble, whatever. Just semantics. There are extremes on both sides. What bothers me about the "not a bubble" crowd is that -- like the converse -- you can only state this after the fact. So let's wait and see.  Smiley

sunsofdust
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October 29, 2013, 06:22:43 PM
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Maybe the recent BTC price rise and fall has been volatile, but if you look at the exchange rate across the different exchanges for the last couple of months as shown on http://www.bitcoingraph.org/ you can clearly see that the price of BTC was increasing smoothly until the peak on Oct 23rd, then a market correction, but now it is clearly on the rise again.
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October 31, 2013, 05:03:48 PM
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bitcoin bubbles itself up all the way to ... hm... 10 k $  Grin
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October 31, 2013, 05:24:57 PM
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How can bitcoin be in a bubble when 99.99 % of the people have never heard or don't own any bitcoins??? Sure we can expect pullbacks in the future (maybe huge ones) but the trend is up for sure.
rpietila
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October 31, 2013, 05:31:54 PM
 #15

You can realistically talk about bubble if it takes at least 5 years to get the money back after buying in at the top.

With bitcoin, this has been maximum 1.7 years, which is better than most stock.
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October 31, 2013, 06:16:13 PM
 #16

You can realistically talk about bubble if it takes at least 5 years to get the money back after buying in at the top.

With bitcoin, this has been maximum 1.7 years, which is better than most stock.

Right?  That is so true!

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October 31, 2013, 08:45:44 PM
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Americans in particular were trying to claim that China was a bubble

Pot, meet kettle.
thew3apon
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November 01, 2013, 03:03:37 PM
 #18

Still too soon to tell. What would happen if you wake up 1 day and see the price at 1$.

seafarer124
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November 01, 2013, 04:51:48 PM
 #19

Still too soon to tell. What would happen if you wake up 1 day and see the price at 1$.
Buy, Buy, Buy - Will not happen
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November 01, 2013, 04:58:59 PM
 #20

Hope BTC/USD go to 1 again Cool

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