Again, Bitcoin described as a Bubble.

[BitProNews]

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:

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:

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

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[yudi31]

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]

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:

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:

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]

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:

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:

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]

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]

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:

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:

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]

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]

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:

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:

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]

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.

[designerusa]

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]

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]

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]

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:

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:

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.

[brylle34]

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:

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:

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]

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.

[paulisto]

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]

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.

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]

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]

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]

the same thing over and over again

[BitHodler]

Bitcoin according to traditional market standards will always remain a bubble, especially when you also take into consideration that ignorant bastards think it has zero value and thus should be worthless by default.

The more people speak of Bitcoin as being a bubble and not contain any value, the more confident I am that their ignorant nature will eventually result in a very bad ending for them, to use Warren Buffett's words.

The world is changing. Traditional market standards don't matter anymore as much as they used to matter years and years ago, but the old school investors have enjoyed a completely different form of education, so they don't realize it.

[bjmpoker001]

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:

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:

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

it seems like the fud for me. telling everyone bitcoin is a bubble is considered as spreading fud.
but what the most thing i dont understand is why many peoples believe that, and sell their coins with lower price like now.

[Dudeperfect]

Well, it is happening again and again but I don't think that we should give attention to these things and opinions because we believe that it has the potential to transform the way we live today and it has the potential to optimise our economy not only in finance but also in other sectors by adopting blockchain technology.

Yes it is true that explaining Bitcoin to someone is difficult when it comes to the technical part but we must realise that it is not important to understand each and every aspect of it because there is a huge number of people using internet and email facility but I bet that most of them don't know how the email delivery process actually works, in fact, they don't care about it and the same thing is about Bitcoin and cryptocurrencies. If using cryptocurrencies has some benefits then most of the people would prefer using it irrespective of their understanding of backend of this technology.

[BitProNews]

The world is changing. Traditional market standards don't matter anymore as much as they used to matter years and years ago, but the old school investors have enjoyed a completely different form of education, so they don't realize it.

I am struck by the mainstream confidence that bitcoin is a fraud/fad that will soon collapse, while central bank fiat currencies are presumed to be rock-solid and without risk. Let's think otherwise, if considering bitcoin as a reflection of trust in the future value of fiat currencies which started since its creation (2009). What i want to say that despite all the FAUD remors, bitcoin is a meaningful result of Fiat loosing trust and it's existence (value) doesn't only depends on news and psychology.

[taranbam]

I think it should not be so negative about such statements, in fact most crypto currency is really just bubbles that used the most common PR. But such big cones as Ether, ltc, bitcoin make us think about the correctness of such judgments.

[Dasinc]

People are forced to fix losses fear that bitcoin will break through all reasonable levels of support and burst. It's just gonna disappear. The exchanges will close, the farms will be given to homeless people, and Satoshi will hang himself.  But bitcoin is difficult without fundamental reasons to fall below a certain level – it needs to be hammered into your head, even if it resists. And this level is not zero.
Mining cities (this is not even a farm) by the type of Bitmain affect the bitcoin exchange rate. Not so much as to set the price themselves, but at least in emergency cases they can keep the rate at the level of break-even mining. They need to pay for electricity, pay employees, maintain the premises, develop new equipment. The break-even level is somewhere 6-7K. Yes, the farm can pobarahtatsya on the course below, but not very long, they quickly get bored.
Think about this: monopolists bitcoin mining something in no hurry to change the scope of activity. I mean, it doesn't itch at all. They don't buy plutonium, don't change their shoes to build space shuttles. The guys are calm, which means they are sure that they will not lose their billions. By the way, the break-even level is growing all the time following the complexity of production.
The stupidest thing to do now is to withdraw money. Go back cheaper will be very difficult. Near the bottom is generally dangerous to move, here roll only one option – the gradual purchase. Get rid of the harmful idea that bitcoin can become worthless without fundamental reasons. Thought so, and those who last fall said: "why am I not bought it when it cost a thousand?"Perhaps by the end of this year we will hear it again, only with six-seven thousand.

[Radio-Active]

It doesn't matter if bitcoin is a bubble or not. If other peoples says so, then for me bitcoin is still not a bubble.
Because i know that bitcoin will exist now and later, not burst and vanish.

[mackenzied]

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

Exactly, we still have a lot of problems to discuss the future of Bitcoin. But I do not agree with anyone commenting on Bitcoin as a bubble. This is a completely negative and irrational badge.

[bitadviser]

They wont stop to say different BS about bitcoin, why say good news? It is not interesting at all, because, most of media controlled by corporations isn't? Freedom it is not about them

[Al-e_x]

we know that the real market with crypto market is not the same, so when real estate market economists predict about bitcoin, I think we better not hear him. they have not the experience about crypto

and better we choose the opinion of crypto figures.

[Catch-22]

Again, these guys insisting that bitcoin is a bubble will be proven wrong. Bitcoin has been described far worse than that and by some of the most influential people in finance. But bitcoin is still here and is about to make another record run.

[zinluzgina]

skeptics lack. They were 4 years ago, when everyone said that the bitcoin is now at the peak of$ 25 and then collapse. To invest what makes no sense is a bubble. What to say. Many believe that the planet earth is flat? and that we all believe that??? Don't , we need to move on.

[IndigoRed]

I think it is the media’s job to thoroughly exhaust all aspects of bitcoin –whether good or bad. But whether they focus more on bitcoin being a bubble or not, any form of dialogue will help bitcoin become more of a household name.

[mkhjhv]

There was also a lot of bubbles in the stock, but it remained here. It is difficult to make clear whether Bitcoin is a bubble, because the bubble is still very good before it is shattered. This is very pointless. Twenty years ago, 10,000 Bitcoins could only buy one pizza. Was it a bubble at the time, and now it has become a bubble because of its rising prices?

[Anees1122]

These are mouth words of people about Bitcoin. Many people passed these words, but actually Bitcoin hitted the peak. Same case will repeat now, Bitcoin will prove all arguments wrong very soon.
Its all about patience.

[pooya87]

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.

no because people don't need to understand bitcoin. in fact they should not understand it! if everyone understands bitcoin that means the projects is too simple and poorly made. when it is complicated enough that average Joe doesn't easily understands it that shows it is a complicated and strong project.

and why should they understand it?!! in fact i say the arguments he made are the most bullshit ones anybody can ever make. we are using shitloads of stuff that we don't understand. it is like saying "I don't understand how internal combustion engine works so i don't use any vehicle ever"! obviously you trust those who understand how it works and when they give you the thumbs up you use cars without wanting to "understand them"!

[riplete]

True, its price is constantly changing, rising and falling but not suddenly, it can be said it is a bubble

[btc78]

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:

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:

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

Who cares about that news and about whats that companies saying towards bitcoin,it seems like your not really helping here instead you are spreading the negativity why investors must not believe in bitcoin and thats unfair.

What ever you say,and what ever links you will bring inside cryptocurrency still we will continue to progress and support this cryptoworld

[Jiralhanae]

Hyman Minsky he believes that Bitcoin is has five stages: displacement, boom, euphoria, profit taking and panic.
Policy adviser at the Federal Reserve Bank of San Francisco, Joost van der Burgt, says that if Bitcoin is in fact a bubble, it’s likely at the beginning of the ‘profit-taking’ stage, meaning that ‘panic’ is not here yet. But he does admit that he might be wrong about Bitcoin being a bubble and states that it could become "a new global currency".
https://www.newsbtc.com/2018/06/03/according-to-economist-joost-van-der-burgt-if-bitcoin-is-a-bubble-the-final-stage-of-panic-is-on-the-horizon/

[cizatext]

There is many topics and discussion that portrait bitcoin and crypto to be a bubble but the fact still remains that if bitcoin was a bubble it could have bursted long ago, we have witness how bitcoin made it from the scraps to be where it is today in terms of market price and market cap. The truth still remains that bitcoin is never a bubble.

[maikala]

Bitcoin is still the bubble so far
It will benefit you when you take advantage of the opportunity of this bubble

[Abrefatotherescue]

Well sadly some people share the same sentiments too due to the inability to properly explain the intricacies of the bitcoin even by most of the cryptocurrency lovers raises a subtle red flag around it. As time goes on, and BTC continues to stand the test of time and gets more popular and finally gets more accepted in many places, I'm pretty sure they will get to understand

[jak3]

I think he is right maybe most people who are interested in the tech can explain bitcoin properly but I think his thinking is bullshit. Sorry, no offense but I do not avoid bitcoin for some old banking system which forces us to believe that their paper is worth some value and it can be traded as a form of money. They are making thousands of dollars because of their little agreement printed at every dollar note. I think bitcoin is much better than this and i do not care if it is another human's mistake I clearly need this concept in my future.

[stayeduptolate]

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:

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:

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

As part of my advocacy to share good news about bitcoin.


A good push from one country in asia in planning to develop bitcoin

http://news.abs-cbn.com/business/01/29/18/philippines-to-develop-rules-on-cryptocurrency-trading

We bitcoin users surely need this, hoping this will jumpstart many country across the world in acceptance of bitcoin. Let us  repost this so everyone can help bitcoin to gain legalities and legitimacy.

This will be very good news if any country from Asia will legalise bitcoin. As we know that there are very few countries in the world who has legalised bitcoin yet like South Korea accepts bitcoins in exchange of their luxury cars, in Florida government accepting bitcoin for paying taxes from their country members, these are like two fortunate countries that has legalised bitcoin and now experiencing boost in their development and this will be very beneficial for any country who will legalise bitcoin.

[gabmen]

Do not believe the false news, I think Bitcoin is not as a bubble. If Bitcoin is ever bubble again, then Bitcoin can not survive. poeple knows one as a bubble. Those who say it, I think they could not fully understand Bitcoin.

A bubble can be anything dude. It doesn't mean that if a bubble popped then it will continue to lose value until there's none. I've seen a lot of market crashes even worse than this correction and that can be considered as the bubble exploding but i've seen the market as well recover and soar to new heights afterwards

[tylerderden]

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:

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:

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

There have been times when bitcoin is described as a bubble and also many a times it have also burst like one like back in December 2013 and 2017. But no matter what Bitcoin have rose from the bust in 2013 and the same will also happen now also. It's just that if a bad news spread very faster then the bitcoin price falls and if a good news spread then the bitcoin price rise sharply.

[Cutieh01]

Do not believe the false news, I think Bitcoin is not as a bubble. If Bitcoin is ever bubble again, then Bitcoin can not survive. poeple knows one as a bubble. Those who say it, I think they could not fully understand Bitcoin.

A bubble can be anything dude. It doesn't mean that if a bubble popped then it will continue to lose value until there's none. I've seen a lot of market crashes even worse than this correction and that can be considered as the bubble exploding but i've seen the market as well recover and soar to new heights afterwards
[/quote

for me bitcoin is not a bubble because when you say bubble its been vanish, but Bitcoin
still exist and has a value. when you look back the time when bitcoin started market price now is very good enough.

[EdenHazard]

To me it’s another example of faddish human behavior.

He's a very smart man in economic terms, but his conversation with cryptocurrency like no human in general.

I am a fool who does not know the world economy as a whole. But my stupidity always assumes that cryptocurrency will be a new innovation for a currency. If bitcoin is a bubble, maybe some developed countries like united states, japan and germany will never accept cryptocurrency, my logic is always thinking against it.

[Psychee]

Yes, I also noticed it, but it's better to sell everything and put it into Socratus because bitcoin is falling and you will also earn

[maneka]

Many of the traditional financial players, including JPMorgan CEO Jamie Morgan, have criticized Bitcoin, describing it as a bubble. However, due to its hierarchical, mathematical and transparency nature, so called Bitcoin is a very inaccurate bubble of any kind.
Tesla, Amazon, Bitcoin "Bubble"
Bitcoin is not a bubble, contrary to the dishonest and unrealistic claims of bank executives. There is a bubble in Bitcoin in 2013 when demand for Bitcoin increases to a point where the market can no longer support it and the Bitcoin price has fallen from $ 1,300 to $ 200. However, it is not accurate to call the release. Bitcoin body is a bubble, like the inaccurate way to describe Amazon or Tesla as a bubble.
Even up to April of this year, analysts describe Tesla's exponential increase in the value of a "bubble," as analysts have done with Amazon over its 20 years of the company. about existence. Six months ago, Matthew Debord, shipping editor at Business Insider, wrote:
"At this time, a Tesla bubble looks clear and seems clear as it has since the beginning of this year. The difference now is that it grows so big that it becomes scary. "
A "expert" David Greenfield's Greenlight Capital, claims that Tesla is a bubble that will not turn up anytime soon, but it is a bubble. "In due time, we hope the bubbles to pop," Einhorn said.
It is important to acknowledge this trend in any emerging technology company and launch. Analysts and experts rush to confirm that anything is a bubble, due to its rapid rise in value and exponential growth.
From 2013 to 2017, Tesla's share price has risen from $ 20 to $ 302, with many minor adjustments and adjustments. In December, the Tesla shares fell more than $ 100, from $ 250 to $ 150, due to the company's troubled finances. However, over time Tesla recovered and it developed a sustainable business, a market, and extremely important, a consumer base similar to the way Bitcoin has evolved into a sustainable financial network, a strong market and secured an active consumer base of tens of millions of users.
Moreover, it is far from clear that the Bitcoin market, which includes a similar volume and liquidity of Apple, the largest liquid stock in the world with a daily trading volume of $ 3.3 billion. , because it has grown significantly since it was introduced in 2009.

[kimjongun92]

However if this bubble appears alts it's basically shitcoins will be allowed big dogs like bitcoin, ethereum, anchor etc to be the winner in the scene and fill the devotees with enthusiasm way network. He is too ignorant, not programmers like this guy thinks.

[Nilda]

Like I never heard that before. People now are getting used to this kind of opinion from experts. Only the skeptics believe them. 

[Adam Waters]

Of course it is a bubble, stupid to argue with obvious.

But what makes bitcoin unique is that each bubble (bull run) increases adoption which in turn generates new bubble which increases adoption and the whole sequence of bubbles is one bigger bubble and that also increases adoption.

[Assface16678]

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.

If bitcoin is bubble it was gone long time ago, as the first time they call it bubble it probably gone by that moment. Bjt as we have seen, it is still breathing and kicking, proving those people who only knew was to tell bad thing about bitcoin. Bitcoin is in the process of improving to go with the flow of changes.

[barsharkol12]

btc is not like bubbles. we knew that btc since back then are top from other cryptos. is just that today btc has many its problem on its price dropping however, btc still on top of other cryptos.

[hadveach]

There is many topics and discussion that portrait bitcoin and crypto to be a bubble but the fact still remains that if bitcoin was a bubble it could have bursted long ago, we have witness how bitcoin made it from the scraps to be where it is today in terms of market price and market cap. The truth still remains that bitcoin is never a bubble.

I agree with your statement, this is a stupid topic, FUD, and create a market wave. many topics that have themes that bitcoin is a bubble.

but in fact bitcoin is not a bubble, bitcoin is not also a ponzi scheme. bitcoin is a digital currency that has high fluctuations. different from other currencies.

[Lakash]

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:

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:

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

No matter how many times they call bitcoin as a bubble, I don’t really care. They can call bitcoin whatever they want. We all have different views and are all entitled for our own opinion.

[Lexzoom Token]

Definitely, there are many discussions that needed an answer about the potential of bitcoin in the future. Given such considerations, we cannot afford on wasting our time on infinite debates because the proof of its existence rely on what it is today. The truth that Bitcoin has its life and still on beating on the market would mean that it can thrive in future – Bubble is not for Bitcoin`s good reason.

[Yatsan]

Do not believe the false news, I think Bitcoin is not as a bubble. If Bitcoin is ever bubble again, then Bitcoin can not survive. poeple knows one as a bubble. Those who say it, I think they could not fully understand Bitcoin.

Well there definition of bubble is definitely what the bubble we have seen that the children was playing. Bubbles would not last long time if they are comparing it to bitcoin. Bubble is not a proper adjective as for its performance, Bitcoin prove itself and still proving its capabilities as of this moment. Remember if bitcoin is just a bubble, it should've bursted out years ago.

[shingaerx]

all in this world is bubble so dont worry, just grab this opportunity.

[querjan]

Yes they say it again, but don't worry we all believe that blockchain tech will increase.

[Nakakapagpabagabag]

Do not believe the false news, I think Bitcoin is not as a bubble. If Bitcoin is ever bubble again, then Bitcoin can not survive. poeple knows one as a bubble. Those who say it, I think they could not fully understand Bitcoin.

Well there definition of bubble is definitely what the bubble we have seen that the children was playing. Bubbles would not last long time if they are comparing it to bitcoin. Bubble is not a proper adjective as for its performance, Bitcoin prove itself and still proving its capabilities as of this moment. Remember if bitcoin is just a bubble, it should've bursted out years ago.

Entertaining people who spread bad news about bitcoin will just give you headache. Just focus on your bitcoin, investments, make it grow and ignore the bad news spreading on the social media. Let bitcoin do its thing, bitcoin proved them wrong in the past, and bitcoin will proved them wrong again. Bitcoin existing for a decade. If bitcoin is a bubble then why it is still with us? There are people that will pull you down so that you'll suffer like them.

[gooutfinish]

I have never studied computer science and can explain it easily and before anyone starts shouting that exception validation rule, I will add that I do not even know a researcher. Computer science and BTC interest. Someone should send him one of the very brief explanations on BTC that can be found online.

[Inasal03]

Yes many topics saying that bitcoin is a bubble and asking if the bitcoin is bubble. Many peoples thinking first like that but first they eed to know and learn about bitcoin because this bitcoin is not a bubble it can help us first about the money second we are leaening about crypto.

[Joyjoy16]

Many peoples think that bitcoin is a bubble but that is not true because bitcoin will help us dont just first we should need to know bitcoin.

[Gotumoot]

Yes many topics saying that bitcoin is a bubble and asking if the bitcoin is bubble. Many peoples thinking first like that but first they eed to know and learn about bitcoin because this bitcoin is not a bubble it can help us first about the money second we are leaening about crypto.

I suggest to dont entertain bad news or people spreading bad news, because they will just give you headache. And just focus on your investments, because your investments is all that matters. Dont waste your time on the things that you will not earn good things that will help you today and in the future.

[ubay]

Let Robert Shiller consider bitcoin as a bubble, he does not deepen his knowledge of bitcoin. And maybe he wants to spread the bubble issue against beginner bitcoin so as not to use bitcoin. But definitely, bitcoin is not a bubble that once broke and disappeared, bitcoin is a real ecosystem in cyberspace.

[Edward Wilkins]

Why do you speak of a bubble? Bitcoin by now has had it's fair share of troubles, but those have been overcome. It represents real value. Mining it means investing in it, and you can buy and sell anything with it that you can buy with other currencies.

There are 2 things that i can think of that could bring it down:

A global government boycott
A bug or vulnerability in the system that has big impact
Other than that, i see no reason for collapse

[Sydney Chapman]

It’s hard because a large number of people own and use BTC. What could happen would be for those that own very large amounts to agree to sell it altogether, in which case it’s price would drop proportionally. But then some would see it as a chance to buy cheaply again.

Only if another coin becomes as widely used (used, not just owned) as BTC will it drop more permanently. At the moment most coin ATMS are for bitcoins only. If that changes and if new ways of exchange come to exist, another coin could take it’s place.

[andreyka03081990]

Well, every person has his own opinion on this matter, who does not understand the crypto currency market or even did not even know a bit about it, he can say so, but all those people who understand this market are confident that this lies

[boltz]

Bitcoin has faced this problem since it's launch and it will face this problem long time from now as most of the "experts" consider the price dropping of bitcoin, just another bubble ready to take out people money but let's be honest and face the reality and we can see clearly that bitcoin is not a bubble and the price fluctuation has been there since it's major rise to 1k$ so if you can't stand the heat, crypto is not for you.

[Zalaster]

I do not think that we should pay attention to the false accusations of bitcoin. This is not a bubble, but the future. There are still skeptics who are tied to the past. How many were inventions in history, which at first were considered useless, but then they became part of modern society. For example, I know that many thought electricity was useless, but how can we live without it now?

[cryptoteen]

Well, since then bitcoins have caught on with a vengeance, and their value has indeed soared. Last week the price of the cryptocurrency jumped to a high of US$11,434, up a spectacular 1,438 per cent over the previous 12 months, as hundreds of thousands of new users rushed to open bitcoin accounts. Yet despite the electronic currency’s ballooning popularity, the criticisms the Post made back in 2013 are still valid, and in the intervening years a few more failings have become apparent. It has to be said that the “blockchain” distributed ledger technology that underpins bitcoin is undeniably clever, and will no doubt find many applications over the coming years, especially in financial disintermediation.

[virendarnagpal]

people are speaking both ways.  some  people give positive statement about bitcoin.  immediately we get negative statement from other person.  I see it's just clash of interests. 
A person engaged in banking will be criticizing bitcoin.  But a man engaged in bitcoin business will criticize bank and fiat currency.

[TmottaDing]

No one cares about this anymore, so i do not think that it also gives more motivation for people to stay away from bitcoin, it is normal to see it considered as a bubble, but we all are more than used to see this kind of stuff on the internet.

[ngusmin]

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:

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:

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

Bitcoin is unstable and bitcoin prices are constantly changing, therefore bitcoin is described as bubbles by people who don't like bitcoin. They do not understand bitcoin, and when they understand bitcoin, they'll buy bitcoin.

[kys.berkut]

In my opinion, Bitcoin can actually be a bubble. Bitcoin is of real value, however Bitcoin's pricing is judged to be too high for real value. Bitcoin is used as a payment solution with the ability to perform 7 transactions per second and transaction costs are quite high. If the volume of Bitcoin participants continues to increase, it will come a simple transaction that can take up to tens of hours and can cost up to 50% of the transaction value. Bitcoin will then be a bad payment solution and like the tulip, which will soon be seen.

[deadpool1997]

Bitcoin makes a breakthrough by being the first currency not to be managed by any government, central bank or economic institution. However, more and more governments are eager to tighten control over this virtual currency, at least on their territory. No one can explain how Bitcoin has grown so perhaps if the bubble burst, the devaluation of the currency would be hard to explain as the price has risen. Bitcoin may be following the fall of the Previously bubble or will be like the dot com bubble when investors sit on huge virtual assets worth but can not sell to anyone.

[previouslyabused]

if people call bitcoin a bubble, they ought to explain why exactly it is, instead of incompetently comparing it to past bubbles that do not share any characteristics with bitcoin other than a big price tag

[kimdungtruyen]

- If bitcoin were a bubble, it would be the largest one humankind has ever witnessed . But that is unlikely. It is more likely that bitcoin is just an amazing creation. Its value and potential dwarfs any fintech idea heretofore imagined, and the [Suspicious link removed]munities are just getting started.

[Carney Nicholass]

Well, Btc is really a bubble. By the beginning of 2018, there were 1,142 electronic coins, and the list continued to grow. There seems to be no barriers to entry. Bitcoin's market share in the digital money market continues to decline. Bitcoin currently accounts for about 48.9% of the digital money market, down from nearly 90% in 2013.
As the logic of investing in securities, the higher the market share of a company in its industry, the more valuable it is. In contrast, market share declined, not related to falling prices, is a bubble

[KennethDarnell]

no its not a bubble after price corretion now btc price is up so it a good sign for market

[Bulljcak]

if you look just one year before what was the price, or just show who say 'BTC is bubble' that conversation is over immediately.
[/quote


Btc price early this year had very slow beginning.Thats why its described a bubble.

[thekrakennnm]

The old school thoughts sometimes do not really work at all and therefore we need new ideas.

[jakedeez]

Bitcoin is still the bubble so far
It will benefit you when you take advantage of the opportunity of this bubble

I agree with you because you still need to have knowledge about cryptocurrency and how it work. Using it you can really get prophet in the future.

[Rocktop044]

Bitcoin is a bubble, with no intrinsic value. It is also not an effective store of funds, owing to its volatility.
Cryptocurrency derives most of its worth from the blockchain technology and how in can be integrated into any system.

[renggileh]

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:

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:

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

bitcoin is always a bubble, it's hard to get rid of that impression.
but everyone certainly has a different view of this, such a FUD will not affect bitcoin.

[DatchRoem]

The fact that Bitcoin is described as a Bubble is caused by an unhealthy rush around the technology of blockade. This topic suddenly became very popular. Naturally, in a certain period this caused some symptoms of the bubble. When the market stops fever, everything will return to normal.

[Blackhammer321]

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.

People tends to spread positive everytime the situation is on top and they tends to believe amd spread negative during the market's down. This is the illness the people has. They only wanted something in where they are benifiting amd this is not a very good thing. People should realize that even a small dot has an effect. They should not spread false or fake news instead they can create a news that will help everyone to be on a better state of living. Bitcoin is there for help, lets not waste the opportunity the bitcoin is giving to us.

[clonely]

While the price of bitcoin is rising, it's super something, the balloon is falling. These are empty things.

[ansdb]

don't trust these things again they want people to be fear about investing in bitcoin, but in the other hand just don't invest all your money in BTC

[Helex]

It has been said since 2011, those who ignored it are now millionaires. I am not financial advisor - if you believe in it ,do it. Either you will get success or you will learn.

[AlexAtom]

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:

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:

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

We should not listen to them. It has been long time that bitcoin called a bubbles or pyramid scheme or something bad.
The reality is bitcoin value keep increasing every year. This means bitcoin have a great value in our world.

[dutchkay]

Bitcoin being a bubble is no longer a new term to us crypto enthusiasts who have been in the game. We have been hearing if bubble every time. But the real question is are we really in a bubble or is it still coming. What if the bubble is already here with us and we won't know when it will even faze out. Many argue that Bitcoin bubble will be the one that will throw many off balance. But we say let's be doing what we are doing while waiting for its arrival.
#DieHardFans

[gabmen]

It has been said since 2011, those who ignored it are now millionaires. I am not financial advisor - if you believe in it ,do it. Either you will get success or you will learn.

Yup exactly. In the end, your money your call. You don't really lose if you learn from your mistakes and those that took reasonable risks end up with great rewards. Being all too pessimist will only make you lose opportunities

[atmos]

It's simple. Someone defines bitcoin as a bubble, and someone as "digital gold". In the long run, the former will be left with nothing, while the latter will become millionaires. That's all.

[esetop01tryba]

You need to be patient and wait for better times ! But I think that you need to buy and enter the market !

[AAfunctionaluppityF]

I can't ready these thing anymore... really...
BTC has never been a bubble and it never will be it!!! This is an innovative cryptocurrency that will replace any circulating economic system!
Banks know that and they want to enter into this market at lower price

[mintevacuateY]

Bubbles also has the capability to rise just like how earlier it helped in earning money.

[senin]

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.

Strangely, it seemed to me that bitcoin manifests its bubble qualities when it rises sharply in price to decent heights, as it was in December of last year, and not when it falls in price. For example, now that it has dropped to less than seven thousand dollars, it is relatively difficult to call it a bubble. If by the end of the year he again rises to 20 000 - 25 000 dollars, then, most likely, he again becomes a bubble. However, at what stage it will become a dangerous bubble, while no one can say.

[Jakson123777]

Unfortunately it is true that bitcoin is a bubble.But it is not known how much it can grow.Not all people know about bitcoin and its value.Yet globally, few people bought it.

[Chrisjay29]

Will for me bitcoin is alreafy a buble currency for me but i trust bitcoin that it will not gonna pop like a buble and i believe it will not happen because of his population and user he will never gonna pop

[peter1]

The BTC is a huge bubble that has been described this way for ten years, and ten years later it's not going to burst, so do you think it's going to burst?

[Epimetheus]

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

Bitcoin is highly volatile currency. And Because of its no physical form many people consider it as bubble. In resent year their is frequently falling in the price of bitcoin and because of this many economist claims it is bubble. Like bubbles in its price exponentially increase because of this many people invest in bitcoin but after this their is sudden fall in its price affects many people. Because of this many people say it is the biggest bubble in the crypto history. But i think bitcoin is not a bubble. its price will be increase because many big multinational companies using it and this thing help it to increase its share value market.

[km4700ruda]

They specially do such news, that from weak hands to take money, do not be fooled by their tricks

[charlzyeby]

Sometimes these professors find it difficult to understand how the world is evolving differently from their young days. The blockchain and other technologies like AI are leading the way to the future where archaic economics principles may not work.

[poTTer666]

There is no point being negative about the statements like these as they don’t help.

[Trendytagr]

There is truth in this statemen to a certain extent. The intentions of those who make such statements aren't positive though.  Media want to create FUD around something uncontrolable for goverments and banks.

[Carlosfeer12]

The change and the continuous movement is described s a bubble and it happens all time.

[stayeduptolate]

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:

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:

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

Those who are calling bitcoin a bubble or a scam should know first that bitcoin is a volatile crypto currency and moreover it is a kind of investment so the ups and downs and the pumps and dumps are very common in all kind of investment so if the valuation of bitcoin is deflating doesn’t mean that it would end up soon or is a bubble that would burst soon, I think these people are morons and time will answer them all when bitcoin will get centralised globally.

[vladdracula06660]

Bitcoin in its essence is a bubble, but it has gone very far to support many countries and famous people ! They will never burst and will not forget about it !

[bonammeo]

Bitcoin is a bubble, this is undeniable. However, it gives you more chances of success. Bitcoin always exists, which no bubble can do.

[10c]

It's silly to argue that bitcoin is a bubble, because many people write this for a long time, and still come into it and invest certain funds.

[burky156]

It has been described a bubble or with many other bad named before too. I don't know why the people makes stupid speculations such as this one. If someone believes that the Bitcoin is bubble, he has to shut up and leave this world and never get alloud with cryptocurrency again. So simple.

[hacekd]

There is many topics and discussion that portrait bitcoin and crypto to be a bubble but the fact still remains that if bitcoin was a bubble it could have bursted long ago, we have witness how bitcoin made it from the scraps to be where it is today in terms of market price and market cap. The truth still remains that bitcoin is never a bubble.

the increase and decrease that is happening very fast which makes this happen, and the volume which is unpredictable is very influential on the price, it is only natural if the price is uncertain

[jobukegoya]

The BTC is a huge bubble that has been described this way for ten years, and ten years later it's not going to burst, so do you think it's going to burst?

I don't think it will explode, because bitcoin isn't a bubble. People assume that bitcoin is a bubble because the prices created within a decade beat the price of currencies around the world. That's the first. Secondly, people assume that bitcoin will explode when the amount of bitcoin has reached 21 million, becomes worthless. I do not believe, because after that the price of bitcoin is more stable and not too volatile.

[Glutius]

About bitcoin you can read a huge number of different opinions, including skeptical. But positive opinions about it, too, quite a lot. Therefore, I advise you to just make your personal opinion about the cryptocurrency and decide whether you are ready to invest your money in it. I'm ready, despite all the skepticism.

[bigbosma]

I do not understand why many people still consider bitcoin a bubble, although it has been successfully developing for 10 years, is actively growing and gaining more trust in people. Therefore, I can not consider it a fraud.

[Udrujec]

But it is your right to believe in these skeptical statements or not. I am fully confident in bitcoin, so I invest in it. But if in doubt, then you should not mess with cryptocurrencies.

[wxa7115]

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:

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:

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

The very same thing was said about the Internet when it was gaining popularity, people thought that the Internet will disappear because they did not saw the potential in it, from time to time I like to read those articles just to remind me how shortsighted some people can be, just two decades after the Internet became popular, people freak out if they are not connected every single minute of every day, people do not have to understand exactly how the Internet works they just need to know what they can do with it.

And the same is going to happen with bitcoin, I believe that the path that we're going to have to go through is going to be even harder because bitcoin affects the economic interests of many powerful parties but still it seems to me that massive adoption is unavoidable.

[stiffbud]

But it is your right to believe in these skeptical statements or not. I am fully confident in bitcoin, so I invest in it. But if in doubt, then you should not mess with cryptocurrencies.

Bitcoin volatile is one of the biggest disadvantage for it progress and profit. Because of this volatile nature its price fluctuate over time to time. And Because of this many of its user and investors specialist consider it as a bubble. And also advise other that not to invest in it. In 2017 its price is 3 time higher than that of its present market price and this thing is also an reason being called it as a bubble. But in my opinion it is not a bubble. It just a period of time its volatility will be decrease and many companies take it for their uses will be help it to become a stable currency.

[DisWhale]

Bitcoin is not a bubble. It would have burst long ago when the government and banks began to attack it. The technology behind Bitcoin is revolutionary and will definitely sail through and become very valuable some few years to come.

[ufalo3]

But it is your right to believe in these skeptical statements or not. I am fully confident in bitcoin, so I invest in it. But if in doubt, then you should not mess with cryptocurrencies.

I have also heard that Bitcoin was called the biggest scam in the world but it does not mean that I should take it as the truth. No, BTC is not any kind of a bubble scheme.

[richman3451]

let's not forget that stat it is also rumors it is just someone's opinion that bitcoin death was predicted many times but it is alive the market exists big players invest in bitcoin large sums

[Colan Zolo]

Bitcoin is a future coin, not a bubble that bursts only the wind coming out. Bitcoin is an investment that is enough to make many people regret not having. The advantage of bitcoin has been proven to those who have managed to manage it.

[maxilopez]

Now we see a lot of negative news about Bitcoin and this is what whales want. Soon we will see again a positive news background and growth, believe me, this is a big game with big money

[poetra2501]

But it is your right to believe in these skeptical statements or not. I am fully confident in bitcoin, so I invest in it. But if in doubt, then you should not mess with cryptocurrencies.

I have also heard that Bitcoin was called the biggest scam in the world but it does not mean that I should take it as the truth. No, BTC is not any kind of a bubble scheme.

This is because the people there are still many who do not understand about the world of Bitcoin
so they thought the Bitcoin it is a bubble scam. This is became our duty to provide information to them.

[Sanjida]

People who do not understand anything about bitcoin.this is indisputable and it has gone very far to backing many clime.it gives you more chances of success.they will never burst and will not forget as regards it.

[wxa7115]

Bitcoin is not a bubble. It would have burst long ago when the government and banks began to attack it. The technology behind Bitcoin is revolutionary and will definitely sail through and become very valuable some few years to come.

Bitcoin itself is not a bubble I think that most people in the forum understand it, but we must admit that the price has a tendency to bubble from time to time, it is undeniable that the price of 20000 that we reached at the end of that year was a bubble and anyone that doesn't want to admit that then it's denying the reality of what happened, however many people are unable to see beyond that, they only see a currency that moves wildly and they do not trust it.

And while I can understand why they think like that at the same time they are not seeing all the potential that bitcoin and a few other cryptocurrencies have, because I have no doubt that in 20 years bitcoin is going to be everywhere similar to what happens to the Internet right now.

[bigbosma]

However, I don't believe that bitcoin is really a bubble and a Scam. This is an excellent working technology, which has great prospects for application in the modern economic space.

[WebTera]

I often read different articles about bitcoin being a Scam and all that sort of thing. And so far, none of them seemed convincing to me. Therefore, I continue to invest in bitcoin and advise it to all my friends.

[Elerntta]

We meet a huge number of such articles with a negative opinion about bitcoin. But I'm not even going to believe in them. I know bitcoin on the other hand as a unique working technology. And it does not cause me any doubt.

[wxa7115]

I often read different articles about bitcoin being a Scam and all that sort of thing. And so far, none of them seemed convincing to me. Therefore, I continue to invest in bitcoin and advise it to all my friends.

It is not really surprising why those articles that say that bitcoin is a scam have not convinced you, and that is because bitcoin is not a scam, many times I have heard people saying that bitcoin is similar to a Ponzi scam in which the early investors get the money of the previous ones and eventually when it crashes all of those that invested last are going to lose all their money, but if that were the definition of a scam then all the economy of the world is a scam because that is the way it works.

Anyone that buys a stock in the stock market do so because they believe the stock that they are buying is going to go up in value in the long term, so all of those saying that bitcoin is a scam do not really understand how the markets work.

[minhlee95]

You know, I meet so many skeptical opinions about bitcoin that I decided not to pay attention to them. Everyone can decide for himself whether he is ready to invest cryptocurrency. It is not compulsory now. Therefore, if someone wants to consider bitcoin a bubble-it's his right. Anyway, in the end, this man will realize that he was wrong.

[KrishaBitcoin]

This bubble issue will only disappear after years will past by in which by that time still Bitcoin should continue to survive and to exist as talking of a bubble then Bitcoin should burst long time ago. I suggest we should used to their assumptions and ignored them as we believed that Bitcoin is not a bubble but a lifetime invesment.

[biskitop]

don't focus too much on the negative news about bitcoin. it's just a FUD that makes other people panic and sell their coins. look at the other side, that the market is getting green now and we must continue to support them by increasing our investment.

[mensahkkofie]

I do not understand why many people still consider bitcoin a bubble, although it has been successfully developing for 10 years, is actively growing and gaining more trust in people. Therefore, I can not consider it a fraud.

There is a popular saying that one should not invest in something that he/she doesn't understand. People would always speak negatively about things which seems complicated or unclear to them. I guess there is more education to be done for people to understand blockchain technology.

[NickkiJonathan]

- If bitcoin were a bubble, it would be the largest one humankind has ever witnessed . But that is unlikely. It is more likely that bitcoin is just an amazing creation. Its value and potential dwarfs any fintech idea heretofore imagined, and the [Suspicious link removed]munities are just getting started.

The same idea

[dmamigo]

Bitcoin is not a bubble for sure, it is a great invention following which blockchain technology is being recognised and planned to develop further in future. The ATH value BTC hit in December 2017 can be still termed as a bubble. The all-time high was just a bubble for sure, or else the drastic fall wouldn't have taken place.
But the opinions, statements of Bitcoin and cryptocurrencies being fake, a bubble etc., are just FUDs which are wise to avoid in order to help the market stabilise and grow appropriately.

[Gabteb]

This we have seen many times when some jurnals start it and what we know afther this when uers start panic and dump someone from bilioners buy BTC  all this done by <<owners>> of world to have all BTC in their hands and guees what would happen afther ? price go higher as much as possible then they run the new world.

[erikoy]

At first I do not understand why people comparing bitcoin as a bubble but later on I had already the idea on why they always state the bitcoin is just like a bubble because as it goes to a certain peak market price most of the investors will going to sell so this will going to fluctuate down and relatively just like a bubble in just a short period of time bitcoin market price will going to crash. But, somehow it could gain again but in a slow process.

[joshv06]

At first I do not understand why people comparing bitcoin as a bubble but later on I had already the idea on why they always state the bitcoin is just like a bubble because as it goes to a certain peak market price most of the investors will going to sell so this will going to fluctuate down and relatively just like a bubble in just a short period of time bitcoin market price will going to crash. But, somehow it could gain again but in a slow process.

Yes i do believe on this term bitcoin described as bubble because the market is pumping up now gradually and people going to sell the coins to get benefit and if it goes down selling will hold and big investors will take whale of profit when it is down and again if BTC crash then it will termed as bitcoin is going to crash. These shows like bubble in the market.

[katerinaliisa]

I believe that bitcoin in some way can be considered a bubble. Let me explain what I mean. I believe that the cryptocurrency market will develop and gradually enter our daily lives. I see its perspective and development process. However, trading on the cryptocurrency market is just comparable to a bubble. She's very unpredictable. Sometimes the market moves in spite of all the Analytics. It's some kind of capitalization game I think . It is possible that someone controls it, but I have not seen and will not say that this is so. But unfortunately, I can't explain it any other way.

[South Park]

Bitcoin is not a bubble for sure, it is a great invention following which blockchain technology is being recognised and planned to develop further in future. The ATH value BTC hit in December 2017 can be still termed as a bubble. The all-time high was just a bubble for sure, or else the drastic fall wouldn't have taken place.
But the opinions, statements of Bitcoin and cryptocurrencies being fake, a bubble etc., are just FUDs which are wise to avoid in order to help the market stabilise and grow appropriately.

There is no doubt that from time to time bubbles can form in bitcoin but that does not mean that bitcoin is not a valid investment and a great technology, this is like the dot com bubble where many good companies saw their stock price to go very high only to crash later but despite that the companies that were any good recovered and are now some of the most powerful companies around the world.

[leetcoiner]

Bitcoin is not a bubble for sure, it is a great invention following which blockchain technology is being recognised and planned to develop further in future. The ATH value BTC hit in December 2017 can be still termed as a bubble. The all-time high was just a bubble for sure, or else the drastic fall wouldn't have taken place.
But the opinions, statements of Bitcoin and cryptocurrencies being fake, a bubble etc., are just FUDs which are wise to avoid in order to help the market stabilise and grow appropriately.

There is no doubt that from time to time bubbles can form in bitcoin but that does not mean that bitcoin is not a valid investment and a great technology, this is like the dot com bubble where many good companies saw their stock price to go very high only to crash later but despite that the companies that were any good recovered and are now some of the most powerful companies around the world.

Complete agreement. Just imagine, and better look at the statistics of corporations, whose shares are now worth billions of dollars, but when they start they did not believe almost no one. However, investors who gave them life saw something and won a lot of money when others earned a penny investing in the next pyramid.

[seleme]

Bitcoin is not a bubble for sure, it is a great invention following which blockchain technology is being recognised and planned to develop further in future. The ATH value BTC hit in December 2017 can be still termed as a bubble. The all-time high was just a bubble for sure, or else the drastic fall wouldn't have taken place.
But the opinions, statements of Bitcoin and cryptocurrencies being fake, a bubble etc., are just FUDs which are wise to avoid in order to help the market stabilise and grow appropriately.

There is no doubt that from time to time bubbles can form in bitcoin but that does not mean that bitcoin is not a valid investment and a great technology, this is like the dot com bubble where many good companies saw their stock price to go very high only to crash later but despite that the companies that were any good recovered and are now some of the most powerful companies around the world.

Complete agreement. Just imagine, and better look at the statistics of corporations, whose shares are now worth billions of dollars, but when they start they did not believe almost no one. However, investors who gave them life saw something and won a lot of money when others earned a penny investing in the next pyramid.

Comparing stock market to crypto market is not going to give you expected result. Mechanism is different than what we think. Investors have  powerful money management like dividing portfolios to risky and safe assets. Whenever crisis starts to smell in markets investors transfer all their wealth to safe assets like gold,government bonds.

[A7373]

Everything can be in that world. We must be ready for anything. But I believe that while cryptocurrency-based projects go out into the world, Bitcoin and the rest of the cryptocurrency will develop.

[rtm125]

It is a pity that not all people believe in bitcoin and help its development. But I think that time will put everything in its place and everyone will understand that we really need cryptocurrency and will use it.

[udivkx]

I've read a lot of articles on this topic, but none of them convinced me that bitcoin is a bubble. Therefore, I continue to believe in it and invest. I am sure that he will meet all our expectations.

[Dexion]

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.

yes. it is for people who do not know the BTC concept. but what do you think about Buffet's statement? and in my opinion he understands the concept of BTC. but he just did not want to recognize the credibility of BTC. and finally he created FUD. I want to know. What do you think?

[Marbelli]

it has been described as a bubble for more than ten years, but it’s evil for all its critics to continue to live and develop

[Attisob]

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:

To me it’s another example of faddish human behavior.

Link to the interview: https://www.c[Suspicious link removed]m/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:

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

Funny enough, the most LEARNED are not always the most informed: When we are talking of blockchain Technology, Crypto ATM and making fianancial transactions much simpler.... a PROF seems unaware of what is pilling  up?

[Bobby park]

I do not anymore surprise in bitcoin bubble thing. Imagine, more than 5 years of speculation then bitcoin turns to a profitable investment. Of course, people will say a negative thought in bitcoin because the price can't control by the people. They just give their own opinion, based upon what they saw in the market.

[kogozer714]

many people don't understand bitcoin and there are many more that need to be discussed about bitcoin. if true bitcoin is a bubble then bitcoin shouldn't be able to survive until here bro, maybe some people who say bitcoin is a bubble they don't really understand what bitcoin is

[Blockfolioz]

This is the common mentality of people. Whenever there is drastic rise in value and unexpected price fall people start speculating it as a bubble. Similar thing happened with the internet over the 1990's. Bitcoin being entirely new to the global community it is not that easy for people to understand about it.

[Rofiz]

Bitcoin's market share in the digital money market continues to decline. Bitcoin currently accounts for about 48.9% of the digital money market. As the logic of investing in securities, the higher the market share of a company in its industry, the more valuable it is.

[A7373]

I think that all these negative news is just a fake for someone's needs.  So someone needs it! Remember the beginning of 2017? - Then everyone said that Bitcoin is the future!

[South Park]

Comparing stock market to crypto market is not going to give you expected result. Mechanism is different than what we think. Investors have  powerful money management like dividing portfolios to risky and safe assets. Whenever crisis starts to smell in markets investors transfer all their wealth to safe assets like gold,government bonds.

The analogy doesn't have to be perfect in order to work, we know that stocks and cryptocurrencies are completely different, but since both of those are markets and markets follow the laws of supply and demand then we can make some comparisons among them and as I stated before there have been cases in which good stocks were in the middle of a bubble but that doesn't mean that those stocks were no good.

[ngocbkcse]

To be honest right now bitcoin does remind a bubble because it does not stand on anything real like national currencies. That is why some people are suspicious about it.

[Valer4ik]

from 3200 and below there are huge walls for purchases, I think we will not go below 3500 and if we leave then not for long. A little bit overcrowd hamster crows and calm down.

 

I don’t turn off the farms because Income increases in bits (in rubles or $ has long been in the red). Now, if in the cue ball it will fall then I will disconnect after a certain level.

[aray80]

one of the causes of the decline in bitcoin in the last few months is the number of concurrent sales and many new investors who want to buy at low prices and that is not a bubble to be feared

[Bitfling]

I am always ignore if people saying bitcoin is a buble. Its just a FUD because bitcoin already survive in 9 years. If bitcoin is a buble, i am believe Nasdaq wont interesting and Goldman Sachs wont buying Poloniex. Its real investment but we should keep it for long term

[Malamok101]

We can not stop the price of bitcoin what will be the outcome so we are facing the big dropped of it. Some people saying it will become a cent only in the future.

[globalking]

this common now as the bitcoin starts the growth some people and some media start saying bitcoin is a bubble which is not true.

[fortunecrypto]

There are literally hundreds of this article coming from noobs and so-called experts, but as always after ten years Bitcoin is still here and I guess we will still see a lot of this articles in the future, and it will surface everytime Bitcoin is dropping, this is like encouraging us to give up.

[keyscore44]

The fact that Bitcoin is a bubble is a topic that returns every time when price increases or decreases. Of course, there are price bubbles - as in any financial market and it is completely normal. However, to say that Bitcoin IS a bubble can only be said by a person who has no idea what the cryptocurrency is for and what technology is behind it.

[_Mikasa_]

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.

On point! People use their technical knowledge to sway people without proving anything. Bitcoin is here for years and making people successful by using it smartly and effectively. Many people are also heart-broken on this massive dump but I really do hope that it will regain its original state.

[acheampong64]

By the way even if this is a bubble then it's a sweet bubble that hasn't been experienced ever. I say so because bubbles that burst don't form again unless you make another one but Bitcoin has "busted" (as they say) and has resurrected severally and so how are they going to describe that also?

[AAKODI]

Most people describes Bitcoin as a Bubble but the truth is very far from it because in the future Bitcoin will be better than fine and many predict Bitcoin will be considered as a mainstream currency in the world by changing the inefficient banking system and other traditional and non advanced organizations by proving blockchain based decentralized cryptocurrency transaction system to make faster, secure and better payments and transactions for any need from anywhere in the world at any time so in the future these qualities will make Bitcoin more popular among many individuals in the world so even at the moment prices are low and seems as a bubble for some in few years most will believe in bitcoin

[A7373]

I think that all these articles are invented by manipulators, or by those people who are simply afraid to take a risk and thus justify their fear.

[South Park]

Most people describes Bitcoin as a Bubble but the truth is very far from it because in the future Bitcoin will be better than fine and many predict Bitcoin will be considered as a mainstream currency in the world by changing the inefficient banking system and other traditional and non advanced organizations by proving blockchain based decentralized cryptocurrency transaction system to make faster, secure and better payments and transactions for any need from anywhere in the world at any time so in the future these qualities will make Bitcoin more popular among many individuals in the world so even at the moment prices are low and seems as a bubble for some in few years most will believe in bitcoin

I suppose the reason of why many people have the impression that bitcoin is a bubble is because of the speed at which it moves, they think that a financial asset that is any good can form a bubble but it takes decades for that to happen, but when it comes to bitcoin we see a bubble forming just a few years after the last one and so people have a tendency to think that no normal asset should move like that, but they do not understand that bitcoin is not like other assets.