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Author Topic: Again, Bitcoin described as a Bubble.  (Read 1830 times)
aray80
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December 22, 2018, 10:45:27 PM
 #161

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
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December 23, 2018, 03:54:03 AM
 #162

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
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December 23, 2018, 01:05:24 PM
 #163

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.

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December 23, 2018, 01:23:51 PM
 #164

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

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December 23, 2018, 02:31:28 PM
 #165

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.

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December 23, 2018, 02:35:45 PM
 #166

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.


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December 23, 2018, 02:45:44 PM
 #167

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.
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December 23, 2018, 02:49:23 PM
 #168

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?
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December 23, 2018, 03:06:04 PM
 #169

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

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December 24, 2018, 06:25:08 PM
 #170

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.
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December 26, 2018, 06:09:52 PM
 #171

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.



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