Bitcoin Forum
December 02, 2020, 02:02:19 PM *
News: Bitcointalk Community Awards
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 6 7 8 9 »  All
  Print  
Author Topic: Again, Bitcoin described as a Bubble.  (Read 1833 times)
BitProNews
Full Member
***
Offline Offline

Activity: 377
Merit: 103



View Profile
May 23, 2018, 05:33:08 PM
 #1

Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality?
In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:

Quote
To me it’s another example of faddish human behavior.
Link to the interview: https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.html

Shiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:

Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05
1606917739
Hero Member
*
Offline Offline

Posts: 1606917739

View Profile Personal Message (Offline)

Ignore
1606917739
Reply with quote  #2

1606917739
Report to moderator
1606917739
Hero Member
*
Offline Offline

Posts: 1606917739

View Profile Personal Message (Offline)

Ignore
1606917739
Reply with quote  #2

1606917739
Report to moderator
1606917739
Hero Member
*
Offline Offline

Posts: 1606917739

View Profile Personal Message (Offline)

Ignore
1606917739
Reply with quote  #2

1606917739
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1606917739
Hero Member
*
Offline Offline

Posts: 1606917739

View Profile Personal Message (Offline)

Ignore
1606917739
Reply with quote  #2

1606917739
Report to moderator
1606917739
Hero Member
*
Offline Offline

Posts: 1606917739

View Profile Personal Message (Offline)

Ignore
1606917739
Reply with quote  #2

1606917739
Report to moderator
yudi31
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
May 23, 2018, 06:18:00 PM
 #2

it is true there are still many topics about the future of bitcoin that needs to be discussed, but Bitcoin described as Bubble should also be discussed, because this bitcoin always moves all the time and has change, the tie is termed as bubble
lizardbtc
Full Member
***
Offline Offline

Activity: 448
Merit: 109



View Profile
May 23, 2018, 06:23:29 PM
 #3

Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality?
In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:

Quote
To me it’s another example of faddish human behavior.
Link to the interview: https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.html

Shiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:

Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05


Don't be negative towards statments like these. Because if we are looking about the hype and pump and dump shcemes that are all over the space and with large number of speculation in place you can actually look at this as a bubble and there is nothing wrong with that. I mean look at the tech bubble back then people were throwing money at new companies and now if you look at the ICO market people are throwing money because they think it is easy to get great returns.

However if this bubble pops many alts that are basically shitcoins will suffer letting big dogs such as bitcoin, ethereum, neo etc. to be winniers in the scene.
bobo012
Sr. Member
****
Offline Offline

Activity: 700
Merit: 257


View Profile
May 23, 2018, 06:59:02 PM
 #4

Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality?
In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:

Quote
To me it’s another example of faddish human behavior.
Link to the interview: https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.html

Shiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:

Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05


I dont care about the opinion of the old school economists that cant think outside of the box. They are stuck insaide the boundries and wont even asses anything outside. They are afraid to even think about it
darkangel11
Legendary
*
Offline Offline

Activity: 1470
Merit: 1080


View Profile
May 23, 2018, 07:41:08 PM
 #5

Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.

He's so ignorant. I have never studied computer science and could explain it with ease and before somebody starts screaming that exception confirms the rule, i'll add that I don't even know a single person who studied computer science and is interested in BTC. In reality most bitcoiners are normal people with various interests, not programmers like this guy seems to think.

Somebody should send him one of those very short explanations of BTC that can be found online. It really can be fully described in less than a minute.
BountyX
Full Member
***
Offline Offline

Activity: 356
Merit: 100



View Profile
May 23, 2018, 07:49:52 PM
 #6

Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality?
In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:

Quote
To me it’s another example of faddish human behavior.
Link to the interview: https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.html

Shiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:

Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05


This is quite ridiculous, because especially the second quote would much better fit to wall street's wizards who create again and again totally absurd form of derivatives, a form of "money" which is much more unreal and much more a bubble and has much more an aura of exclusivity and ABSOLUTELY NOBODY understands how these f*king derivatives work.

Maestro75
Full Member
***
Offline Offline

Activity: 952
Merit: 133


The Famous Five


View Profile
May 23, 2018, 07:54:59 PM
 #7

Bitcoin always becomes a bubble whenever the prices drives down but becomes the rave of the moment or makes the world go 'crazy' because of addiction to it. It is either here or there. People will not stop spreading lies about bitcoin. Whatever they gain attempting to kill bitcoin is left for them.

Ailmand
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 519


Coindragon.com 30% Cash Back


View Profile
May 23, 2018, 08:15:28 PM
 #8

Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality?
In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:

Quote
To me it’s another example of faddish human behavior.
Link to the interview: https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.html

Shiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:

Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05


Threads and topics like this will always appear. It's because of the reality and fact that the market is always changing, and those changes in landscape affects the coins in such a way that people would lose their trust in the market itself and in the system in a cycle scheme. However, if you are a true believe of this market, and a long-time follower, you would know for a fact that it being a bubble has long been purged because being volatile and unstable is just how this market works.

cokkapaga
Legendary
*
Offline Offline

Activity: 871
Merit: 1000



View Profile WWW
May 23, 2018, 08:32:31 PM
 #9

Don't be easy to believe of the fud news, Bitcoin is not as a bubble, if bitcoin is a bubble I am sure bitcoin can't be survive until now
the poeple say that bitcoin as a bubble, because he's not understand of bitcoin.

▄▄▄████████▄▄▄
▄▄██████████████████▄▄
▄███████████▀▀███████████▄
▄███████████▀    ▀███████████▄
███████████▀        ▀█    ██████
██████████▀                ███████
█████████▀      ▄██▄        ████████
▄███████▀      ▄█▀  ▀█▄      ▀███████▄
██████▀      ▄█▀      ▀█▄      ▀██████
█████▄     ▄█▀    ▄ ▄   ▀█▄     ▄█████
███████▄ ▄█▀    ██████    ▀█▄ ▄███████
█████████▀       █   ██     ▀█████████
▀████████        █████       ████████▀
████████        █   ██      ████████
███████       ██████       ███████
██████         ▀ ▀        ██████
▀████                    ████▀
▀████████████████████████▀
▀▀██████████████████▀▀
▀▀▀████████▀▀▀
 
Alt.Estate
 
█████
█████
█████


█████
█████
█████


█████
█████
█████


█████
█████
█████
   
█████
█████
█████


█████
█████
█████


█████
█████
█████


█████
█████
█████
   
█████
█████
█████


█████
█████
█████


█████
█████
█████


█████
█████
█████
  TELEGRAM
MEDIUM
TWITTER
FACEBOOK
designerusa
Legendary
*
Offline Offline

Activity: 2044
Merit: 1025


View Profile
May 23, 2018, 08:45:48 PM
 #10

People who do not understand anything about bitcoin are saying bitcoin is complete bubble but they are totally wrong. Bitcoin has ups and downs but it does not mean bitcoin is bubble.
prehisto
Full Member
***
Offline Offline

Activity: 826
Merit: 112



View Profile
May 23, 2018, 08:54:03 PM
 #11


Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05


I think that this is irrelevant.
It is fairly simple to explain the principle of block chain to new people and how does it work.

Off course the inter workings is not so simple but does one need and does know how SWIFT system works in order to make bank transfer or use other FIAT service.
gentlemand
Legendary
*
Offline Offline

Activity: 2576
Merit: 2950


Welt Am Draht


View Profile
May 23, 2018, 08:56:35 PM
 #12

Something can be real and still be a bubble

This geezer's description of it as a mystery to all but cultists is disingenuous and mindless. It wouldn't be anywhere if it didn't clearly have the world changing aspects it does.

adzino
Copper Member
Hero Member
*****
Offline Offline

Activity: 1778
Merit: 547


www.Crypto.Games: Multiple coins, multiple games


View Profile
May 23, 2018, 09:01:51 PM
 #13

Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality?
In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:

Quote
To me it’s another example of faddish human behavior.
Link to the interview: https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.html

Shiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:

Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05

Just do not listen to them. Try to ignore them completely. They are of no use. All they are doing is saying some silly stuffs to confuse people for no apparent reason (or for their own benefit?). Do people who are casually uses crypto currencies  need to know how they work? Nope, they don't. How many people in this universe using fiat currencies know how fiat are supplied or made? I bet less than 30% of the population knows.

▄▄█████████▄▄
▄█████████████████▄
▄████▀▀▀▀█████▀▀▀▀████▄
████▀██████▀█▀██████▀████
██████████████████████████
▐█████▄███████████████▄█████▌
▐███████▄▄█████████▄▄███████▌
▐██████▀█████████████▀██████▌
▐███████████████████████████▌
▀██████████████████████▀
▀████▄████▄▀▀▄████▄████▀
▀███████▀███▀███████▀
▀▀█████████████▀▀
  ▀▀▀▀▀▀▀▀▀
|
★.★.★   8 GAMES   ★   WAGERING CONTEST   ★   JACKPOTS   ★   FAUCET   ★.★.★
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▄█▀█▀█▄

 ▀███▀
  ▄▄▄
▄██▀▄█▄
██▀▄███
 ▀▄▄▄▀
  ▄▄▄
▄█ ▄▀█▄
██ █ ██
 ▀▄▄█▀
  ▄▄▄
▄▀▄▄▄▀▄
█▀▀▀▀▄█
 ▀███▀
  ▄▄▄
▄▀   ▀▄
█  █▄ █
 ▀▄██▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▀ █ ▀
▀▀▄▀▀
 ▀▄█▄
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
|
brylle34
Full Member
***
Offline Offline

Activity: 476
Merit: 100



View Profile
May 23, 2018, 09:48:48 PM
 #14

Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality?
In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:

Quote
To me it’s another example of faddish human behavior.
Link to the interview: https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.html

Shiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:

Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05

This is always happening, who are they??? this are there own comments and they do not control bitcoin, so why they are doing this??? simply they are people who wants to buy bitcoin at cheap price that is why cause FUD (fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.) or they are bitter who lost a lot of investment when the price of bitcoin drops. Bitcoin will recover and will always recover as long there are people who do trading and using bitcoin as digital currency, they do not control bitcoin they are just doing some negative statements. The main problem is that with just a dip all weak holders are shaking and causing negative effect or panic selling to others simply as saying they are newbies. acutally if you will look at this dips this are great opportunity to earn more just do not look at things as negative.
tarable
Full Member
***
Offline Offline

Activity: 621
Merit: 100


Stobox


View Profile
May 23, 2018, 09:52:53 PM
 #15

it is true there are still many topics about the future of bitcoin that needs to be discussed, but Bitcoin described as Bubble should also be discussed, because this bitcoin always moves all the time and has change, the tie is termed as bubble

it really needs to be discussed. because the movement of bitcoin is also so fast and we also hard to reach until the bitcoin is moving. because now also many who spread negative news also about bitcoin.

stobox
DIGITAL ASSETS ECOSYSTEM
───────  Website ⬝  WhitepaperTwitterFacebookTelegramLinkedin   ───────
paulisto
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
May 23, 2018, 10:22:23 PM
 #16

the problem as i see it, is the fact that we have turned this wonderful technology into new age stock trading

probably 90% of the people involed in crypto trading do it for the profit. nothing wrong with that. it's just that most of people who own bitcoin/ethereum/xvg/eos or whatever own it, because they want to profit. the percent of people who actually use the technology is imo very low.

and if we eliminate this gambling aspect, 90% of the people leave, yes it will crash the market but it won't kill the technology. technology is revolutionary and it's here to stay. is it a bubble? yes? is it worthless? far from it. and also this bubble has the potential to inflate up by a factor of 10 before it may blow, there is still room.
BitProNews
Full Member
***
Offline Offline

Activity: 377
Merit: 103



View Profile
May 23, 2018, 10:27:26 PM
 #17

Just do not listen to them. Try to ignore them completely. They are of no use. All they are doing is saying some silly stuffs to confuse people for no apparent reason (or for their own benefit?). Do people who are casually uses crypto currencies  need to know how they work? Nope, they don't. How many people in this universe using fiat currencies know how fiat are supplied or made? I bet less than 30% of the population knows.

Personally i don't make a lot of attention to such news but it becomes more crazy to ignore them completely especially when it spreads out from experts (old fashioned ones) that it may easy pump the whole market; remember last fork to bitcoincash when bitcoiners started a foolish swap to altcoins in order to avoid facing price crashes.

This is always happening, who are they??? this are there own comments and they do not control bitcoin, so why they are doing this??? simply they are people who wants to buy bitcoin at cheap price that is why cause FUD (fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.) or they are bitter who lost a lot of investment when the price of bitcoin drops. Bitcoin will recover and will always recover as long there are people who do trading and using bitcoin as digital currency, they do not control bitcoin they are just doing some negative statements. The main problem is that with just a dip all weak holders are shaking and causing negative effect or panic selling to others simply as saying they are newbies. acutally if you will look at this dips this are great opportunity to earn more just do not look at things as negative.

By dint of the decentralised blockchain, no one can react againt the movement of this technology so traditionel experts with noble prices as traditional governments with Noble also and traditional financial institutions with a lot of prices and quaalifications, try one of the last cards (rumors) so they can prostponed some developement progresses until understanding the whole scene and how they should really react.


Quote
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05


I think that this is irrelevant.
It is fairly simple to explain the principle of block chain to new people and how does it work.

Off course the inter workings is not so simple but does one need and does know how SWIFT system works in order to make bank transfer or use other FIAT service.
 

Now principles of blockchain can be explained to children and peoples in local communities. Furthermore, big players in the market (Microsoft,IBM,facebook...) started working on the integration of the new tools (blockchain,cryptocurrencies...) when some called experts try to manipulate the fool in ian ignorant-like way.

the problem as i see it, is the fact that we have turned this wonderful technology into new age stock trading

probably 90% of the people involed in crypto trading do it for the profit. nothing wrong with that. it's just that most of people who own bitcoin/ethereum/xvg/eos or whatever own it, because they want to profit. the percent of people who actually use the technology is imo very low.

and if we eliminate this gambling aspect, 90% of the people leave, yes it will crash the market but it won't kill the technology. technology is revolutionary and it's here to stay. is it a bubble? yes? is it worthless? far from it. and also this bubble has the potential to inflate up by a factor of 10 before it may blow, there is still room.

We haven't turned this technology into a stock trading because it should be a stock of value so people will easy find ways to exchange it.
hammo
Sr. Member
****
Offline Offline

Activity: 493
Merit: 250



View Profile
May 23, 2018, 10:39:18 PM
 #18

if you look just one year before what was the price, or just show who say 'BTC is bubble' that conversation is over immediately.
rodel caling
Full Member
***
Offline Offline

Activity: 882
Merit: 101


View Profile
May 23, 2018, 10:53:37 PM
 #19

it is true there are still many topics about the future of bitcoin that needs to be discussed, but Bitcoin described as Bubble should also be discussed, because this bitcoin always moves all the time and has change, the tie is termed as bubble


That's because bitcoin is very high volatile currency that also a reason need to keep understand about what is bitcoin moving up and down their value into the market cap.

the virtual crypto currency including bitcoin are adopting by every country and people because they knows how much important their lives crypto's help for the economic grows, but i didn't understand some economy analysis deliver a negetive information for bitcoin instead support us how to improve bitcoin as currency to help the world economic growth.
vuppie0
Jr. Member
*
Offline Offline

Activity: 168
Merit: 1


View Profile
May 23, 2018, 10:54:32 PM
 #20

the same thing over and over again
Pages: [1] 2 3 4 5 6 7 8 9 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!