Bitcoin - It's not a bubble, it's a boom

[Herp]

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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[Pokerfan]

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]

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]

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

[BitcoinWalker]

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

[Lethn]

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 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]

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 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.

Would seem the choir ain't that big unfortunately.

[Amph]

just price correction, real bubble still isn't arrived

[ekiro]

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]

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]

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. 

[sunsofdust]

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]

bitcoin bubbles itself up all the way to ... hm... 10 k $ 

[rpietila]

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]

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!

[JimboToronto]

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

Pot, meet kettle.

[thew3apon]

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

[seafarer124]

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]

Hope BTC/USD go to 1 again

[BitChick]

Hope BTC/USD go to 1 again

The irony is that if BTC went to only $1 no one would want them anymore! Or people would be afraid to invest in them at that point.