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Author Topic: Is Bitcoin a bubble?  (Read 836 times)
Nicoleaustin86
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August 14, 2018, 07:49:09 AM
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Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?
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August 14, 2018, 11:48:05 AM
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While bitcoin is still in digital form, bitcoin will never shift the position of the dollar or euro. Bitcoin does have advantages, but bitcoin cannot be used in certain situations, for example: buying candy at street vendors, and giving money to beggars on the road.
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August 14, 2018, 05:02:50 PM
 #3

Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority. It’s sole purpose is to become a new payment system on its own.

Over the past 12 months, the price of a Bitcoin has surged tremendously. Back in January 2017, the price of 1 BTC was about $700 — roughly the cost of a flagship iPhone. Come December 2017, it almost scaled up to $18,000 — the cost of 18 iPhone Xs. And you would be surprised to know that the price was just around $2500 in August 2017
mazesta
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August 14, 2018, 08:46:14 PM
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in my opinion bitcoin is not a bubble, but bitcoin has experienced a very bloated and shrinking price very quickly.
Robert_Austin
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August 14, 2018, 08:50:52 PM
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Everyone seems to ask this question. Yes, of course it was a bubble. Is it a bubble now? No.

When you've got people who have never executed a trade in their lives checking the price of bitcoin like it's a letter from their lover, it's a bubble. Investing is not for the faint of heart. If you cannot bear the pressure, don't bother putting your money on the table. Go and talk to an investment advisor who will direct you to whatever asset your bank has an excess of at that time.

Bitcoin will now start behaving like a normal asset because all of those morons who jumped in blindly are so hurting that they won't come back anytime soon. So we can see rational price action, soon hopefully.
kamoto
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August 14, 2018, 08:54:26 PM
 #6

Mmm ... what an original and different from other topics.
Okay, closer to the point. Whether bitcoin is a bubble or not will only show time. Because you can not say for sure whether it is so or not. At the time when only credit cards appeared, too few believed in their success ... and at that time it was also possible to say that it was a bubble. However, they are now very actively used to this day
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August 14, 2018, 09:18:01 PM
 #7

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

Its a long term game for the Big Daddy of Crypto, just average your way into it over time, turn the market off, and you'll be fine.

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August 14, 2018, 09:28:39 PM
 #8

the technology is real. its not vapour.

but th price. thats a different story. but we first need to address peoples worry or confusion over "bubble"
the real estate(houses) market has had its bubble period. this does not mean a house is not real
tulips had a bubble. this does not mean the flower is not real

a bubble does not mean the tech/the asset is fake. it means a TEMPORARY PRICE is inflated and will pop
a bubble does not mean its ben a bubble from day one or will always be a bubble..
again for emphasis. a bubble is a TEMPORARY INFLATED PRICE THAT CANNOT SUSTAIN ITSELF

all a bubble means is that the price is hyper inflated and will pop.
the two major bitcoin bubble periods was 2013 and 2017

bitcoin is not in a bubble. the 2017 correction occured and now we are down at the low levels where real value lay.
this is uaually the best time to buy in.

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August 14, 2018, 09:32:03 PM
 #9

Я дyмaю чтo биткoин и дaльшe бyдeт paзвивaтьcя, этo yжe cтo пpoцeнтoв!
Gabb
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August 14, 2018, 09:36:55 PM
 #10

I think we should keep in mind that bitcoin is far beyond the speculative instrument in which the market has converted it, because it is really a technological solution to many of the problems of today's society that would be equally valuable even if its market price was a dollar or a million.

Personally, I think that its price was strongly altered by the speculative wave of 2017, for which I have no doubt that this bubble ended up bursting since a volatility of such magnitude was absolutely untenable, and I even believe that there is still room for a greater correction towards the $3,000 line.

Gozie51
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August 14, 2018, 09:38:06 PM
 #11

What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

The question for me is whether these fiat will actually be abandoned giving the fact that bitcoin is a digital currency which is not carried around like fiat.

I think even if it were possible that fiat is not used again, obviously the value will fall drastically because its exchange value has died and of no value.  This is like trying to put a name in something that exist in vacuum.

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August 14, 2018, 10:22:26 PM
 #12

In how many times i read a similar topic but it same thoughts and many speculation that always saying bitcoin is bubble, scam and etc. But many of those investor and they using bitcoin as primary usage for transaction that bitcoin is not bubble and i also believe that bitcoin will be the new money but in digital at will rise again the value. Be patient and don't panic.


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bobo012
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August 14, 2018, 10:22:58 PM
 #13

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

Bitcoin is definitely not a bubble. It has to small market cap, it is litteraly nothing in the grand scheme of things. It is play money for some derivates and other playgrounds that wall street plays with. It doesnt need to be denominated in btc, it is just physologicaly expensive, because people see a big price on a unit. We could set it in bits and the same people that thought it was expensive, would think that it is not expensive.

xiahui135
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August 14, 2018, 10:28:56 PM
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it is. Because the block is locked to 1M, and there will be no more transactions. And this result no gain of BTC adoption in future.
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August 14, 2018, 10:32:16 PM
 #15

the technology is real. its not vapour.

but th price. thats a different story. but we first need to address peoples worry or confusion over "bubble"
the real estate(houses) market has had its bubble period. this does not mean a house is not real
tulips had a bubble. this does not mean the flower is not real

a bubble does not mean the tech/the asset is fake. it means a TEMPORARY PRICE is inflated and will pop
a bubble does not mean its ben a bubble from day one or will always be a bubble..
again for emphasis. a bubble is a TEMPORARY INFLATED PRICE THAT CANNOT SUSTAIN ITSELF

all a bubble means is that the price is hyper inflated and will pop.
the two major bitcoin bubble periods was 2013 and 2017

bitcoin is not in a bubble. the 2017 correction occured and now we are down at the low levels where real value lay.
this is uaually the best time to buy in.

This is the best explanation of it all. Similar to the housing crisis in 2008, the prices were overvalued but it didn't mean that real estate was a scam of some kind.

The AXEL Airdrop is now live! Claim your free tokens from here: https://go.axel.org/AirDrop1
bungutko
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August 14, 2018, 10:41:26 PM
 #16

In my opinion,  I don't think btc is a bubble as it had proven globally what it had achieved in the last year of 2017 wherein it almost had reached $20k. Many newcomers believed btc is a bubble since they lack the history about btc and they just happen to conclude without any validation.
vy99
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August 14, 2018, 10:44:44 PM
 #17

A bubble just means that the price is inflated but it doesn't mean that it's a scam or anything. The price might go up or down but that doesn't necessarily mean it's a bubble.

I'm not cool enough to have a fancy signature so you're stuck reading this
ladner
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August 14, 2018, 10:50:11 PM
 #18

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?
I believe the bitcoin is really the bubble and the bitcoin bubble is breaking, you can see that the bitcoin price has been dropping sharply over the past few years and from $ 20,000 bitcoin has dropped to $ 6,000 at the present time. The bitcoin price has dropped by more than 70% of its value. So, I think you should not continue to invest in bitcoin.

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August 15, 2018, 01:28:31 AM
 #19

Bitcoin is never a bubble. Please i wished you could first get to know and understand the crypto market and trade. Bitcoin is a digital currency similar to physical fiat, but with bitcoin, it comes with a decentralized ecosystem..
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August 15, 2018, 01:39:01 AM
 #20

I have heard this argument so many times before that even the famous Bill Gates and Warren Buffett saying that it was a bubble but for me that until the day will come that it will burst or the value become $0 then that will be the time i would say Bitcoin is truly a bubble that burst but for now it is very impossible to happen. So better let them wait and see.

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