Bitcoin Forum
May 27, 2018, 06:35:42 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Bitcoin - It's not a bubble, it's a boom  (Read 3232 times)
Herp
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


View Profile
October 28, 2013, 10:55:58 AM
 #1

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.


███████████████████████████████████████
███████████████████████████████████████
█████████████████████████████
██████████████████████████
████████████████████████
███████████████████████
█████████████████▐████
███████████████████████
████████████████████████
██████████████████████████
█████████████████████████████
███████████████████████████████████████
███████████████████████████████████████
DECENT
FOUNDATION



██
██
██
██
██
██
██
██
██

██
██
██


[D]ecentralized application
[E]liminated third parties
[C]ontent distribution



██
██
██
██
██
██
██
██
██

██
██
██


[E]ncrypted & secure
[N]o borders
[T]imeless reputation



██
██
██
██
██
██
██
██
██

██
██
██



██
██
██
██
██
██
██
██
██

██
██
██

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1527446142
Hero Member
*
Offline Offline

Posts: 1527446142

View Profile Personal Message (Offline)

Ignore
1527446142
Reply with quote  #2

1527446142
Report to moderator
1527446142
Hero Member
*
Offline Offline

Posts: 1527446142

View Profile Personal Message (Offline)

Ignore
1527446142
Reply with quote  #2

1527446142
Report to moderator
Pokerfan
Full Member
***
Offline Offline

Activity: 130
Merit: 100



View Profile
October 28, 2013, 01:57:37 PM
 #2

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
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
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
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile
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.

BitcoinWalker
Full Member
***
Offline Offline

Activity: 123
Merit: 100

Keep Walking Around the BTC World


View Profile WWW
October 29, 2013, 06:23:10 AM
 #5

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

Lethn
Legendary
*
Offline Offline

Activity: 1540
Merit: 1000



View Profile WWW
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
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


View Profile
October 29, 2013, 08:50:08 AM
 #7

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.


███████████████████████████████████████
███████████████████████████████████████
█████████████████████████████
██████████████████████████
████████████████████████
███████████████████████
█████████████████▐████
███████████████████████
████████████████████████
██████████████████████████
█████████████████████████████
███████████████████████████████████████
███████████████████████████████████████
DECENT
FOUNDATION



██
██
██
██
██
██
██
██
██

██
██
██


[D]ecentralized application
[E]liminated third parties
[C]ontent distribution



██
██
██
██
██
██
██
██
██

██
██
██


[E]ncrypted & secure
[N]o borders
[T]imeless reputation



██
██
██
██
██
██
██
██
██

██
██
██



██
██
██
██
██
██
██
██
██

██
██
██

Amph
Legendary
*
Offline Offline

Activity: 1890
Merit: 1001



View Profile
October 29, 2013, 12:51:12 PM
 #8

just price correction, real bubble still isn't arrived

        ██████████
     ████████████████
   ████████████████████
  ██████▀▀     ▀▀███████
 ██████           ███████
▐█████             ██████▌
▐█████             ██████▌
▐██████           ███████▌
 ████████        ████████
  █████████   ▐█████████
    ███████    ███████
    ▐████▌     ▐████▌
    █████       █████
   ▐████▄▄▄     ▐████▌   
   ███████████   █████▄▄██▌
  ▐██████████▌   ▐█████████
  █████   ▀▀▀     ████████▀▀
 ▐████▌           ▐████▌
 █████             █████
      ██████       ▐████▌
     ▐█████▌        █████
     ██████
███
███
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
███
███
███
███
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
 ██
███
███
■  Telegram
■  Twitter
■  Reddit
■  ANN
■  Ambassador
■  GitHub
ekiro
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
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
Donator
Legendary
*
Offline Offline

Activity: 1652
Merit: 1002



View Profile
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
Hero Member
*****
Offline Offline

Activity: 714
Merit: 505


View Profile
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
Full Member
***
Offline Offline

Activity: 145
Merit: 100


View Profile
October 29, 2013, 06:22:43 PM
 #12

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.
600watt
Legendary
*
Offline Offline

Activity: 1750
Merit: 1146


View Profile
October 31, 2013, 05:03:48 PM
 #13

bitcoin bubbles itself up all the way to ... hm... 10 k $  Grin
John999
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000



View Profile
October 31, 2013, 05:24:57 PM
 #14

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
Donator
Legendary
*
Offline Offline

Activity: 1652
Merit: 1002



View Profile
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.
BitChick
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001


View Profile
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!

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
JimboToronto
Legendary
*
Offline Offline

Activity: 1820
Merit: 1060



View Profile
October 31, 2013, 08:45:44 PM
 #17

Americans in particular were trying to claim that China was a bubble

Pot, meet kettle.
thew3apon
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


Presale Starting May 1st


View Profile
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$.


▄▄███████▄▄
▄▄██▄▄ ▀▀   ▀▀ ▄▄██▄▄
▄████████▄     ▄████████▄
███████▀▀  ▄   ▄  ▀▀███████
██████▀  ▄█████████▄  ▀██████
██████  ▄█████████████▄  ██████
█████  █████████████████  █████
██████  █████████████████  ██████
█████  ███████████████████  █████
█████  ███████████████████  █████
████  ███████████████████  ████
▀▀█▀   ▀███████████████▀   ▀█▀▀
▄      ▀█████████████▀      ▄
█▄   ▄    ▀▀▀▀▀▀▀    ▄   ▄█
▀  ████▄▄▄▄▄▄▄▄▄▄▄████  ▀
▀█████████████████▀
▀▀▀███████▀▀▀
.
.A DECENTRALIZED MARKETPLACE FOR DATA.
████
██
██
██
██
██
██
██
██
██
██
████
               ▄▄▄
         ▄▄▄██████
   ▄▄▄███████▀████
▀█████████▀ ▄████
   ▀████▀ ▄██████
      ▀ ▄███████
        ██▀█████
        █   ▀██


        ▄▄▄▄
      ▄█████
      ███
    ▄▄███▄▄
    ███████
      ███
      ███
      ███
           ▄▄▄
 █▄       █████▄▀
 ███▄▄ ▄▄██████▀
  ▀█████████████
   █████████████
    ▀██████████
    ▄████████
▄▄████████▀▀


 ██▄     ▄██▄
 ████▄  ▄█████
 ███████████ █
 ██████████ ██
 █████████ ███
 ████▀███ ████
 ████  ▀ █████
 ▀███     ▀▀██
████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████
seafarer124
Sr. Member
****
Offline Offline

Activity: 302
Merit: 250


View Profile
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
affan
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


Create smart contracts without coding skills!


View Profile WWW
November 01, 2013, 04:58:59 PM
 #20

Hope BTC/USD go to 1 again Cool

ALFATOKEN   ★ ★ ★ ★ ★   Sept, 29 - Oct, 29
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!