Bubbles a good thing?

[J Sykes]

So we hear bitcoin is a bubble over and over. I was reading a book regarding bubbles and his take on them were fascinating. His argument was that the biggest leaps in innovation come through the speculation, exuberance and floods of money that bubbles produce.

Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.

We are also left with what he calls infrastructure of the mind. With all the hype and competition we see during bubbles the levels of marketing and advertising we see leave an imprint in the average consumers mind and this mental infrastructure doesn't disappear when the bubble bursts and once the pieces are picked up this is when you see the true valuable businesses appear out of the ashes!

Does this argument have any value in your opinion?

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[TheGodson]

All the hype that bitcoin and crypto currency in general has created is stirring up new innovations everyday. My money is on Bitcoin being the success in the end, but who knows. Some group out there might come up with something better.

I know that during the dotcom bubble, people found ways to do business over the internet. Today this is happening. I imagine something similar will happen with cryptocurrency.

Do I think bubbles are a good thing? No. No because I will lose money, lol.

[stigmacryptonight]

At the beginning it makes us happy with the gain, but at any given moment, the assets in the possession will disappear instantly, I do not like bubbles. Unnatural, unfair, and even eliminate the assets I have
 

[TricksterX]

during bitcoing going fluctiative price, it is good

[Pursuer]

it is certainly an interesting point of view towards bubbles but I still wouldn't  call bubbles good.

Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.

it would be cheaper compared to the peak but still not cheap compared to when they get in early. for example when bitcoin latest bubble burst price came down to $10k+ and even after all the FUD and manipulation,.... the price went down to near $6000. it is cheaper than the ATH obviously but it is not cheaper compared to those companies that came in last year when price was $1000 or even late last year near the end of the year when it was $4000

[Mc_Moneysack]

Interesting thoughts! However, I don’t believe that bubbles per se are good. Take for example the tulip bubble during the first half of the 16th century. I am wondering if it has left any cheap infrastructure or innovation behind.

It will probably always depend on the fact if a good/commodity will have any use after a bubble bursts. The enormous attention that BTC has received through the building up of the bubble may have encouraged innovation. If however BTC and cryptos in general will be abandoned after a real burst of the bubble (if there actually is any) all the infrastructure and innovation may arguably be useless.

[Xester]

So we hear bitcoin is a bubble over and over. I was reading a book regarding bubbles and his take on them were fascinating. His argument was that the biggest leaps in innovation come through the speculation, exuberance and floods of money that bubbles produce.

Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.

We are also left with what he calls infrastructure of the mind. With all the hype and competition we see during bubbles the levels of marketing and advertising we see leave an imprint in the average consumers mind and this mental infrastructure doesn't disappear when the bubble bursts and once the pieces are picked up this is when you see the true valuable businesses appear out of the ashes!

Does this argument have any value in your opinion?

I may try to disagree but the evidence to prove your thoughts and ideas are popping out. Many big business and merchants are coming this year 2018. They have already announced to the world that they are going to accept bitcoin as payment this year. Though the bubble have made a huge impact on my investment but it is also the time for me to buy more bitcoins. But frankly speaking I imagine that if bitcoin did not hype so much maybe merchants all over the world are now clinging to bitcoins already.

[RedzoneASE]

Well, bubble is a good thing for trader. Easy cycle of money which can benefit them greatly. But it is also a disadvantage for holder which wait for the price to increase in a long run.

[Reid]

Can we say that the bubble already burst a long time ago and this is now from ashes that became a valuable thing now.

Good thing about bubbles is you can create another one.
Unplug the internet and we are all out. I think that is what we should worry about. The blockchain will always need it or else it will really be a bubble that will pop anytime.

[redpillorblue]

So we hear bitcoin is a bubble over and over. I was reading a book regarding bubbles and his take on them were fascinating. His argument was that the biggest leaps in innovation come through the speculation, exuberance and floods of money that bubbles produce.

Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.

We are also left with what he calls infrastructure of the mind. With all the hype and competition we see during bubbles the levels of marketing and advertising we see leave an imprint in the average consumers mind and this mental infrastructure doesn't disappear when the bubble bursts and once the pieces are picked up this is when you see the true valuable businesses appear out of the ashes!

Does this argument have any value in your opinion?

Care to share the name of the book? Sounds interesting and thought provoking.

[Roman Coinson]

Bubble is always good when you want to earn a lot of money quickly)) what's wrong with that?)

[Jonsnowstark]

Well if you think about it, it makes sense though. Bubble for me is good, it allows you to buy it cheap then when bitcoin grows the value of your money is multiplied. Bitcoin will need These so called bubbles or what we call correction to stabilize the prize.for a trader like me, it is very beneficial. And this term "bubble" has made bitcoins more popular.

[davison2]

oh noooo... Bubbles makes you greedy and in most cases you just cant think straight when basking n the euphoria of it, and before you know it you've lost some good cash .. i don't like bubbles

[paul gatt]

What if a bitcoin was seen as a bubble? That's right! The balloon is bulging, sometimes deflated and sometimes blown. Like copper bitcoin, when the price increases as the balloon bubble everyone wants to own, at reduced then people start to worry. When a bitcoin explodes like a bubble, the player's assets are dissipated.

[Whibu]

It's very valuable, it's true that bubbles are of good value, we can sell our bitcoin when it comes to rising price bubble and buy again when bubble drops. And that will bring huge profits by earning a lot of money.

[squatz1]

Bubbbles aren't a good thing in the least, and when someone starts calling something a bubble and PEOPLE AGREE THAT IT IS that's when the real problem starts to come to fruition. Only when people notice that the growth of something can't continue to be sustained is when the real problems come out. So a bubble, which is something which can be popped at any moment, isn't good in the least. It's not something which you ever want people to think bitcoin is.

This is because we will be destroyed (from the investing side) if enough beleive this. This is when people lose faith in bitcoin, and we don't want that.

[Dark_raven007]

I would not say that bubbles are good. You can earn on them, but lose everything. This is a test of luck.

[-Sinner-]

Bubbles, when explodes, usually changes everything.. Look at dotcom bubble.. By the way i would not consider bitcoin a bubble.. It is so small compared to other bubbles!

[oceantiger]

Whenever bubbles occur it normally create new business and people will make money from it while others will lose money also. Speculations which is what we have in cryptocurrency trading will always create bubbles because of its nature.  So bubble is not good or bad since people make money and others lose from it.

[Radio-Active]

it is a good thing if you can used it to get more of your profits. if bitcoin is bubbling, just buy more coins and sell it if it want to explode.
but i think bitcoin is not a bubble anyway.

[sergio-faucetbitcoin]

I think it can have good and bad sides. Bubbles are attracts lots of new users and investors, and that's maybe the only times the mainstream medias talk about Bitcoin. But bubbles like that can also scare serious investors.

[Virtual miner]

So we hear bitcoin is a bubble over and over. I was reading a book regarding bubbles and his take on them were fascinating. His argument was that the biggest leaps in innovation come through the speculation, exuberance and floods of money that bubbles produce.

Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.

We are also left with what he calls infrastructure of the mind. With all the hype and competition we see during bubbles the levels of marketing and advertising we see leave an imprint in the average consumers mind and this mental infrastructure doesn't disappear when the bubble bursts and once the pieces are picked up this is when you see the true valuable businesses appear out of the ashes!

Does this argument have any value in your opinion?

It is a very different point of view on bubbles and quite interesting though!

But I still don't find bubbles this fascinating!

The point of mental infrastructure is quite good. This is so true in fact and I have experienced it too, that is why I can relate to it pretty well!

[bellakrstna]

bubble is not a good thing. the later peoples who join bitcoin will be on disadvantage because it will burst.
bitcoin is not a bubble. peoples who new to join bitcoin will be gain earnings later.

[balu06]

Well, bubble is a good thing for trader. Easy cycle of money which can benefit them greatly. But it is also a disadvantage for holder which wait for the price to increase in a long run.

[meqnurgn]

It depends on which angle you explain, usually bubbles are bad, because it will cause everyone to lose money and sometimes lose a lot of money. But from the development of the community, it is also beneficial to analyze bubbles. It is true that bubbles can cause more concern and investment.

[Daisy Smith]

Actually I think Bitcoin is quite similar to a bubble, it can pop anytime without any prediction. However, if we know the way it run, we can earn a lot of money. Sometimes, bubbles can be a good thing.

[Hairpin]

Depends on your perspective. Bubbles bring attention and investors to an idea that would otherwise not have seen the light of day. It will certainly make room to breed innovation and champion progress. They can also provide lots of opportunity for profit (for those who like to take risks). For some, bubbles create doubt and insecurity. This proves that no one has a crystal ball and can predict how the markets perform.

[sate_padang]

Yes it is true and I think your argument has a very good value, because I also feel that bubbles are very good for bitcoin trading, because we can sell at the peak of the bubble and we get a lot of profits and buy back when the price goes down as it is today .

[Sensus.Network]

Bubbles are a good thing if you are on the right side of it .

[Kethek]

indeed bubbles are good but you have to be careful not to fall asleep with bigger bubbles, because once the bubbles are too big the bubbles will break, and will make new bubbles again, that's the price of crypto

[blacksnapper94]

bubble? I do not think it's good enough because the bubble was initially fun because it could have gained more and more profits but could have a very bad effect of eliminating all the assets we had, when the bubble burst, and it was not fair.

[standley940]

That bubble is a good thing if you can use it to get more out of your profits. if bitcoin decreases, just buy more coins and sell if you want to get a lot of profit.

[Janation]

That bubble is a good thing if you can use it to get more out of your profits. if bitcoin decreases, just buy more coins and sell if you want to get a lot of profit.

Do you even know what does that bubble means? I don't think that the "bubble" you are saying is the bubble that we are talking about here since you are like using bubble as a word synonym to dump which is not right. Bitcoin is not a bubble, though it is a digital currency that is so volatile and that is being taken advantage of those people who invested on it.

[krauzzer02]

Once a bubble burst the price will surely be deflated and that is not a good thing if you've invested large capital in that coin or asset and you are still holding that particular cryptocurrency large portion of your valued capital will lose, the only good thing I see is that when it burst price will surely decrease rapidly making its price cheap and affordable in short you can accumulate tons of it and wait the recovery to happen.

[marlo1001]

We can tell that bitcoin is a bubble over and over, but while there are still people who made their dreams come true, it is worthy!

[udanemas]

So we hear bitcoin is a bubble over and over. I was reading a book regarding bubbles and his take on them were fascinating. His argument was that the biggest leaps in innovation come through the speculation, exuberance and floods of money that bubbles produce.

Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.

We are also left with what he calls infrastructure of the mind. With all the hype and competition we see during bubbles the levels of marketing and advertising we see leave an imprint in the average consumers mind and this mental infrastructure doesn't disappear when the bubble bursts and once the pieces are picked up this is when you see the true valuable businesses appear out of the ashes!

Does this argument have any value in your opinion?

I think Bubble is a good thing. it allows you to buy it cheap then when bitcoin grows the value of your money is multiplied. It also good for day trading, they can gain profit from bubble.

[coinriver]

Where there is a bubble, there is a huge gain.

[EzzNju]

Most definately bitcoin was a bubble,up to now av never understood how bitcoin derives its value,and I also believe that's y bitcoin is highly volatile and unpredictable,soon you start to hear people commiting suicide after losing so much..lucky are those who made there money..

[franzkie345]

in another new, real estate is long time being considered as bubble, too. and you see for now? it's had a stable place in the market, same to bitcoin.

For me bubble bitcoin is good because we can buy in a low price and and we can gain a money if the price will goes up again the price so investors waiting that time because buying bitcoin and hold it in longtetm way and i heard many times many investors become rich because of bitcoin.

[adpinbr]

I think that bubbles are neutral, it can be a good thing and a bad thing also, I mean if the price goes cheaper then people can take advantage of it since the price is cheaper you can easily buy bitcoins, then if the bubble continually rises then I think people can take advantage of it once again since the price is going higher so as your holdings rise also, so I really think for some people it is good and for some people it is a bad thing.

[melonbtchunter]

I think it is a good thing for Bitcoin bubble trader or buyers or investors. Money or wealth can benefit them greatly. it is very beneficial. And this term "bubble" has made bitcoins more popular.

[Putunembah]

I think that bubbles are neutral, it can be a good thing and a bad thing also, I mean if the price goes cheaper then people can take advantage of it since the price is cheaper you can easily buy bitcoins, then if the bubble continually rises then I think people can take advantage of it once again since the price is going higher so as your holdings rise also, so I really think for some people it is good and for some people it is a bad thing.

yes, the bubble when the price drops should we make the opportunity to make as much purchases as we can afford, not the other way when the bitcoin bubble goes down we sell the bitcoin we have at the time of purchasing the high price, which will cause us to suffer defeat, but if for new investor moment bubbles bitcoin prices go down, most of them in panic and sell some bitcoin they have, because they think that they do not want to lose more, but it will be an opportunity for  investors big to buy it.

[senin]

Bitcoin bubble is made by people who buy it and hold it, instead of using it for their intended purpose as a means of payment. Because of this, there is a high probability that bitcoin will ever burst and can depreciate. Therefore, at a large price, it will represent a significant risk for investment.

[makatia]

It is a good thing to make positive changes, only knowledgeable people make the most of the bubble to create positive things for themselves.
I always follow that positive trend

[tanjilrifat]

The price increases as the balloon bubble everyone wants to own.There is a high probability that bitcoin will ever burst and can depreciate. 

[Suprittandon]

Yes in my opinion , bubble is a good thing.Bubbles brings attention and investors to project. They breed innovation  and champion progress. Bubble means " a good or fortune situation that is isolated from reality.

[Faeton]

Bubbles are good only for traders. They earn good money on them when the price of the crypto currency sharply rises, and then falls sharply for correction. Bubbles can be used at the initial stage and holders of bitcoins. Then a good ascent of bitcoin turns into the opposite and can lead to its practical depreciation when the bubble bursts.
In general, bubbles play a bad role for crypto currency, because they cause instability and general mistrust as a means of payment.

[timerland]

Bitcoin will have bull markets and bear markets, it's the simple fact.

I wouldn't say that these cycles are anything good, but it's just something natural that comes with anything that one is able to trade and speculate on freely. Bitcoin is simply a decentralized and better version of currencies and even precious metals, which has its own cycles.

Personally, I obviously don't want to see this bear market that we're seeing at the moment, but it's just something that comes with independence from the fiat system. Short term volatility is expected.

IMO, the fact that these cycles are so drastic right now proves that we're still in mainly the early adoption stage of things. Once bitcoin has enough of an adopter following, it'll be hard to see prices being so volatile.

[levvv]

Bubble is a good thing for peoples who join earlier and leave before bubble burst.
and bitcoin is not a bubble. You just need to wait if your coin at loss. Peoples have an equal opportunity in bitcoin.
Either you join now or later, if you patience you will get profit.

[horse606]

Bubble is not a bad thing, just like you never want to drink beer without bubble.

Bubble quickly brings more talent person into blockchain and bitcoin.

without bubble or hot money, there would be less incentive to Innovative and invention.

[rarkenin]

Bubbles are ok in financial markets and history repeats itself over the time.Bubbles burst and everyone loses big amounts no matter how much they invested in that financial tool. I always learn from my mistakes and advice others to do same.

[dungthuy]

bubble a good if you can buy at low price and sell at high price,you will big profit and you think it is good,but there are many people buy hight price and they have to sell at low price,they think it is very bad,it mean it good with this people and not good for that people,no thing is absolute

[leavolnhals]

So we hear bitcoin is a bubble over and over. I was reading a book regarding bubbles and his take on them were fascinating. His argument was that the biggest leaps in innovation come through the speculation, exuberance and floods of money that bubbles produce.

Once popped we are left with cheap infrastructure that can be snapped at a huge discount with companies with the same goal. Because the costs are so much cheaper it makes it was easier to operate long term.

We are also left with what he calls infrastructure of the mind. With all the hype and competition we see during bubbles the levels of marketing and advertising we see leave an imprint in the average consumers mind and this mental infrastructure doesn't disappear when the bubble bursts and once the pieces are picked up this is when you see the true valuable businesses appear out of the ashes!

Does this argument have any value in your opinion?

In my personal opinion, bubbles are necessary for new things. It is not necessarily bad because the bubble helps investors to believe in the future of something new. Like the internet, it really makes the world flat and connects to everyone in the world only through social networking. Although the bubble burst, there are still many good tech companies like Google, Amazon, Microsoft, etc.

[zolfa]

for them, of course, this kind of thinking has great value to drop the bitcoin, so bitcoin does not have support, then finally called bubbles.

but such assumptions have weaknesses and does not have good basic.

if bitcoin bubbles, then bitcoin will explode and die quickly. and crypto world existence will end.
if bitcoin is a bubble, then bitcoin will easily shrink rapidly.
if bitcoin bubble, does real currency trading also bubble?
I think bitcoin is not a bubble, but bitcoin is like a place of investment in other fiat currencies.

[uncleduckerr]

Honestly previously I was worried about the bubble and fearing it but now I understand it is a necessary thing that needs to happen, and it will humble a lot of individuals. Some will lose a lot, some will have prepared enough to take advantage, and some may lose everything. But the bottom line is that the technologies will further, and they will be discounted akin to when Amazon went from 1k to essentially nothing in the early 2000s. Ask yourself this though, where is Amazon now? Exactly, and that is how a few of these cryptos will progress, most will be left in the dust however.

[MaidaKalani]

Bubbles can be a good thing, but it can also be a bad thing because even if it breaks it will not have a significant impact on global finance because of the lack of official institutional funding that goes into the world of cryptocurrency, when the first bitcoin bubble burst in 2013 at the highest bitcoin price around 1300 USD which then fell more than 50% in a short time did not have a real impact, even the price of bitcoin then fell to the range of $ 200. And now the new bubblen size is about 10x from what happened in 2013. from the existing data2 bubble bitcoin should still have the potential to become much larger again before then broke.

certainly will be many traders, speculators and even lay investors who will experience painful losses, but it can not be avoided. but the positive value that will be generated from the bubble bitcoin bubble in the near future can be a blessing in itself by removing various hyip / lending / investment platforms and the like, also giving the media a greater interest in cryptocurrency as a free promotion, and opening up the possibility of regulatory entry from the state to manage the various cryptocurrency businesses who currently operate without the legal umbrella and lack of encouragement to provide the best service to their customers.