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Author Topic: The bitcoin bubble is broken or not  (Read 277 times)
daoquanghuan
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June 20, 2018, 11:57:12 PM
 #1


Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?
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June 21, 2018, 12:00:33 AM
 #2

Miners broke it when they put fees up to $55 per transaction at the start of the year and all trust in the development team left the room and i cannot see it coming back EVER!

Give me Tulips from Amsterdam, better chance of getting a second run all these years later i thinks

Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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June 21, 2018, 12:53:24 AM
 #3

Bitcoin developed a bubble in late 2017 but i think to say that bitcoin has been in a bigger longer term bubble is just dismissing emerging technology. There was such a parabolic rise at the end of 2017 based on nothing really which was concerning. This was taken advantage of and that why regulators around the world are stepping in to make sure that ill-informed people are not ruined by others in the future.
If you ignore the ridiculous bump from November then bitcoin is still doing quite well. I havent read anything seriously bad in a while but have seen some positive notes on adoption and acceptance.
I look forward to 2020. 
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June 21, 2018, 01:04:02 AM
 #4

$6000 is lots of money. If  Bitcoin goes to $12000. That is 100% profit only. That's how bubble burst.

There are more sellers at $8,000 but who will buy 1 Bitcoin for $8,000
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June 21, 2018, 02:06:13 AM
 #5

$6000 is lots of money. If  Bitcoin goes to $12000. That is 100% profit only. That's how bubble burst.

There are more sellers at $8,000 but who will buy 1 Bitcoin for $8,000

Let me remind you that it went up to 20,000 dollars. A lot of people bought it at that price and they will wait to collect their profits for as long as the Bitcoin network is functioning. They will hold it. The supply of Bitcoin in exchanges will be low. So bidders will bid for supply at a very high price. That is the dynamics of pricing. You don't even know the difference between a bubble and price mechanisms/dynamics.

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June 21, 2018, 02:10:06 AM
 #6

i don't think this bubble will broken. it down because exchanger in KR down for hack. BTC will come back soon!
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June 21, 2018, 02:39:03 AM
 #7

you are way too late to even talk about the bubble. it started 7 months ago and was finished by the end of January.
what came afterwards had nothing to do with the bubble nor the correction of it. that drop was more of a dump and manipulation.

The current market is too small to be called a bubble compared to other financial channels.

the size of the market has nothing to do with "bubble" and the market is not called a bubble, the market has bubbles or goes into bubbles from time to time. we have one every now and then and about every 2 years we have a big one like $20k.

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June 21, 2018, 02:50:58 AM
 #8

Bitcoin's price has crashed down multiple times in the past, so you could say that the bubble has already "popped". It even took 2 years for bitcoin's price to recover in the past. But guess what? The bubble will inflate again, and it will pop again; and this will continue to happen again and again. Is it an issue? Not in my opinion.

BITCOIN BUBBLE - Andreas Antonopoulos: https://www.youtube.com/watch?v=1co_YWwDpXg

Bitcoin Obituaries - Bitcoin Declared Dead 300 Times and Counting: https://99bitcoins.com/bitcoinobituaries/


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June 21, 2018, 02:58:02 AM
 #9

when bitcoin risr from 1000 to 20000 usd i think it is bubble but when it decrease from 20000 usd to 6500 usd i think this bubble is broken,now the crypto market more notice and it have more bright future,there are many people invest crypto market,crypto market will more develop in the future,now it is side way,it is very good,it need more stable before grow up
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June 21, 2018, 04:20:10 AM
 #10

Let me remind you that it went up to 20,000 dollars. A lot of people bought it at that price and they will wait to collect their profits for as long as the Bitcoin network is functioning. They will hold it. The supply of Bitcoin in exchanges will be low. So bidders will bid for supply at a very high price. That is the dynamics of pricing. You don't even know the difference between a bubble and price mechanisms/dynamics.

Bitcoin was $1 in year 2009. It looks super-HYIP in disguise. How did Bitcoin get $350,000,000,000, I fail to understand  Huh

1500% or 2000% profit in 15 years look OK.
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June 21, 2018, 04:46:19 AM
 #11

Let me remind you that it went up to 20,000 dollars. A lot of people bought it at that price and they will wait to collect their profits for as long as the Bitcoin network is functioning. They will hold it. The supply of Bitcoin in exchanges will be low. So bidders will bid for supply at a very high price. That is the dynamics of pricing. You don't even know the difference between a bubble and price mechanisms/dynamics.

Bitcoin was $1 in year 2009. It looks super-HYIP in disguise. How did Bitcoin get $350,000,000,000, I fail to understand  Huh

1500% or 2000% profit in 15 years look OK.

It was $1 in the past simply because barely anyone knows what bitcoin is. But now, bitcoin is slowly and surely gaining global presence. So what happens if a scarce asset gains good publicity? People buy it. Hence, the price increases significantly.

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June 21, 2018, 05:55:04 AM
 #12

when bitcoin risr from 1000 to 20000 usd i think it is bubble but when it decrease from 20000 usd to 6500 usd i think this bubble is broken,

just because price has gone up it doesn't mean it is a bubble. for example you can't say $20k was a bubble just because it went from X to $20k.
a bubble is when price is higher than the intrinsic value of an asset. basically it means when price is going up a lot higher then the demand that there is for bitcoin. for example $20k happened because of a lot of hype thanks to a lot of good news and also because of lack of resistance above $10k+ so it was a bubble.

similarly just because price has come down you can't say it is no longer a bubble. again the same rules apply. price needs to come down to intrinsic value. I would say we have reached it for bitcoin and are even below it now. so there is no bubble and not only that but also we are currently in an underpriced state.

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June 21, 2018, 06:02:03 AM
 #13


Recently with the continuous decline of bitcoin many people think that bitcoin bubbles have broken. I do not think so and believe that bitcoin will be even stronger because:
The current market is too small to be called a bubble compared to other financial channels.
Institutional investors have not invested in crypto.
Countries are studying the legal framework for crypto, protecting investors.
Do you believe Bitcoin will continue to break this year?
Please keep away those bubble stories it was saying by the people for almost a decade now since the bitcoin created do you think still bitcoin is an bubble.Yes the price was fallen too much from its all time high but it will recover even like happened in the past incidents.So we have belief that bitcoin will reach new all time in the coming years so keep patience and time will give the exact answer for you.

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June 21, 2018, 07:02:14 AM
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 #14

Still i dont support the word Bubble .yes there was huge manipulation happened at the end of 2017 because there was a reason in august bitcoin cash fork happened all bitcoin holders got free BCH so it was worth good ammount of money . In october 2 fork announce BTG as well Segwit2x but segwit2x not happened . Here the actual big manipulation happened lots of greedy people entered to crypto initially to get free coins then price started to raise then it became talk of the town  In the mean time whales took opportunity even they started to pump . I could say now bitcoin price is justifiable even its more than 100%  growth last year value

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June 21, 2018, 07:09:06 AM
 #15

Instead of panic, just close all the forums, reddit, facebook groups and go on the chart. there you can easy see the pattern of every year, since 2013. Every year, btc lost from 50% to 90+% ( yes, 90!), many times also with identic pattern compared to the actual. And you see what happened? So no, there is no bubble here, just people that will cry in 10 years from now Cheesy

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June 21, 2018, 07:23:54 AM
 #16

Still i dont support the word Bubble .yes there was huge manipulation happened at the end of 2017 because there was a reason in august bitcoin cash fork happened all bitcoin holders got free BCH so it was worth good ammount of money . In october 2 fork announce BTG as well Segwit2x but segwit2x not happened . Here the actual big manipulation happened lots of greedy people entered to crypto initially to get free coins then price started to raise then it became talk of the town  In the mean time whales took opportunity even they started to pump . I could say now bitcoin price is justifiable even its more than 100%  growth last year value
Same here, I don't recognise prize spikes as bubbles.
Bubble connotes that something is inherently designed to get broken, that growing mechanisms are actually harmful for the thing in question.
All the bubbles I can think of had one thing in common, they where based on products, laws or mechanics that where actually, physically fragile or simply broken, not to mention scummy. If those "qualities" apply than, sure we have a bubble. IMO in bitcoins case, there is lack of all those questionable features.

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June 21, 2018, 07:26:14 AM
 #17

Does it even qualify as a bubble by this point?
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June 21, 2018, 07:32:36 AM
 #18

I think se are at the bottom and no speculation can incide on more than has already did.
So no bubble we live today.

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June 21, 2018, 08:07:01 AM
 #19

No, I don't think so. I think the time is not appropriate to judge bitcoin as bubble. And the break will not continue more inthis year hopefully. Market is growing and it will be accepted institutionally in coming days. Besides, regulations are setting up. Thus bitcoin will be more popular to the new generation.

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June 21, 2018, 08:28:36 AM
 #20

in my opinion it's not a bubble because the value of bitcoin is constantly changing.bitcoin is becoming more and more popular every day.only whales can change market prices.
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