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Author Topic: Again, Bitcoin described as a Bubble.  (Read 1831 times)
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December 20, 2018, 09:27:38 AM
 #141

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.

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December 20, 2018, 10:02:37 AM
 #142

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.

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December 20, 2018, 10:12:12 AM
 #143

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.

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December 20, 2018, 08:45:32 PM
 #144

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.



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December 20, 2018, 08:49:20 PM
 #145

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.

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December 20, 2018, 09:09:36 PM
 #146

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.

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December 20, 2018, 09:17:51 PM
 #147

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.
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December 20, 2018, 09:33:09 PM
 #148

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.

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December 20, 2018, 09:34:46 PM
 #149

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.

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December 20, 2018, 09:53:03 PM
 #150

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?

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December 20, 2018, 10:41:01 PM
 #151

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

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December 20, 2018, 10:58:19 PM
 #152

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

Quote
To me it’s another example of faddish human behavior.
Link to the interview: https://www.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:

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

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?
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December 20, 2018, 11:18:50 PM
 #153

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.
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December 21, 2018, 05:38:41 PM
 #154

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
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December 21, 2018, 05:48:41 PM
 #155

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.
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December 21, 2018, 07:02:36 PM
 #156

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.
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December 21, 2018, 10:57:44 PM
 #157

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!
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December 22, 2018, 05:19:39 PM
 #158

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.



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Rainbot
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ngocbkcse
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December 22, 2018, 05:25:37 PM
 #159

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
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December 22, 2018, 07:19:11 PM
 #160

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.
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