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?

[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.