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Author Topic: Is Bitcoin a bubble?  (Read 1630 times)
lubah
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August 16, 2018, 01:03:53 PM
 #41

I have been investing for several years, and was engaged in land investment and the Internet. And I'll tell you, my friend, you have to be patient. if you get upset about every little thing, you will have a gray head by the age of 30 or a nervous tick by the age of 40. Relax and think before your every action on the market, don't panic. And about the bubble, no bitcoin is a bubble, unlike Ethereum....
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August 16, 2018, 01:09:41 PM
 #42

People for a long time called bitcoin bubble, called even in 2013, when it cost 35 dollars. After all, this is an unexplored territory. We still do not know how to evaluate this currency and what will happen to it later.
But bubble is not the thing that has its own ups and downs like bitcoin, for me it is just like on normal market that we know from every day use, price could go up and down, the same like bitcoin.

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August 16, 2018, 01:12:16 PM
 #43

We can discuss about that Bitcoin is bubble or not. When we re talking about it, some people already make a big profit.

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August 16, 2018, 01:20:03 PM
 #44

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.
The world "Bubble" repeated millions times over the recent years some believe , some deny . so waiting here is nothing . actually what happening now is handing over from old investors  to new ones .
lets them talk and do your work .

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Nicoleaustin86 (OP)
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August 17, 2018, 03:58:34 AM
 #45

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.

Bitcoin have bubbles, they comes and goes periodically. Altought behind that you have real revolutionary technology.
So it doesnt matter if there is bubble sometimes, bitcoin itself is revolution and there will be always price on that, what price? it depends, but i doubt it will fall in price in next 20 years (in big period of time of course)

That's right, but in my opinion bitcoin prices will fall in the next 20 years is very difficult, I think it will return sooner, but to reach the $ 20,000 as the end of 2017 is very difficult, maybe 20 years to it will not be achieved.
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August 17, 2018, 12:37:08 PM
 #46

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
Please stop calling it a bubble, bubble needs to burst and worth really low, bitcoin has never been this high aside from month of December. There was an insane raise in price in December to $20k but if you remove December from the equation the price has never been this good in history so we are actually doing very well.

Just because there was a great 1 week period doesn't change a 10 year history of bitcoin. I think in order for bitcoin to be bubble we would need a lot more investors and we need the bubble to last more than just a week, if $20k or so lasted like months or even years and it was incredibly overpriced for long time than just one day crashed and stayed there, than we could call bubble, just one week of $20k and back to amazing prices doesn't make it bubble.

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pinot95
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August 17, 2018, 01:26:12 PM
 #47

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 don't think bitcoin is a bubble, if it is then it would have popped already.  The volatility of the market makes it incredibly unpredictable, but today’s prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.
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August 17, 2018, 02:30:47 PM
 #48

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 don't think bitcoin is a bubble, if it is then it would have popped already.  The volatility of the market makes it incredibly unpredictable, but today’s prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.

Well I don't know about you, but I'd certainly call a drop from 19k to 6k a pop. A bubble popping doesn't necessarily mean that it is gone, poof, zero. A bubble can pop and then regain value after some time. The tech bubble of 2001 popped and lost an immense amount of value, but look, the NASDAQ is still alive and well. It may not have the same valuations as it did back then, but it's still being traded.

Bitcoin will behave in the same way unless something new and amazing happens. It'll move in slow but steady movements, not in giant leaps like last year.
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August 17, 2018, 05:27:44 PM
 #49

It's either they don't understand how bitcoin works or they are insisting it despite the knowledge about crypto because they have some agenda to make not  surprised as the day I learn about crypto up until now they still call it bubble you can also witness tons of post, spam, and fuds saying it is bubble, dead and a fake currency but the opposite always happen to bitcoin they are just riding the flow of the market.

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August 17, 2018, 07:43:56 PM
 #50

We can discuss about that Bitcoin is bubble or not. When we re talking about it, some people already make a big profit.

Obviously, bitcoins is bubble because the market price will drop immediately after the price of cryptocurrencies skyrocket in the market so obviously, bitcoin is a bubble.
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August 17, 2018, 09:48:44 PM
 #51

People for a long time called bitcoin bubble, called even in 2013, when it cost 35 dollars. After all, this is an unexplored territory. We still do not know how to evaluate this currency and what will happen to it later.
Even today they still call it as a bubble every time when Bitcoin started to decline the market price and drop so big. They just compare it to the tulip mania because of the sudden fluctuation of the price of a single tulip before and then later on it's just gone which brings to most investors to get bankrupt when they bought the tulip for a high price.

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August 17, 2018, 10:49:24 PM
 #52

People for a long time called bitcoin bubble, called even in 2013, when it cost 35 dollars. After all, this is an unexplored territory. We still do not know how to evaluate this currency and what will happen to it later.
Even today they still call it as a bubble every time when Bitcoin started to decline the market price and drop so big. They just compare it to the tulip mania because of the sudden fluctuation of the price of a single tulip before and then later on it's just gone which brings to most investors to get bankrupt when they bought the tulip for a high price.
On those people who bought bitcoit at the higher price who suffering for loses it is always that is why other trading experts telling that "make sure to buy at the low price then sell it at the higher price" this is always basic thing that other people must do so that they can preven't of losing large amount of investment.
Bitcoin today is rising but it doesn't its bubble because if the price increase more than 20% then suddenly drop we can say that it is bubble.

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August 17, 2018, 10:53:51 PM
 #53

Bitcoin will behave in the same way unless something new and amazing happens. It'll move in slow but steady movements, not in giant leaps like last year.
What new and amazing do you expect to happen? It's clear that the market cycles throughout Bitcoin's history of 8-9 years haven't changed at all. Based on that it's probably safe to say that we will see far lower than current levels.

BAKKT was probably the best possible good news event for this market, but no one even bothered to react aside from a few people here, but they aren't the ones being able to actually move the market to reflect this development.

Nothing can change the sentiment other than the price to break out of its lower high cycle. Once the price breaks out of this long term bearish downtrend, you'll see the mainstream start becoming bullish again.

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August 18, 2018, 04:31:02 AM
 #54

People for a long time called bitcoin bubble, called even in 2013, when it cost 35 dollars. After all, this is an unexplored territory. We still do not know how to evaluate this currency and what will happen to it later.
Even today they still call it as a bubble every time when Bitcoin started to decline the market price and drop so big. They just compare it to the tulip mania because of the sudden fluctuation of the price of a single tulip before and then later on it's just gone which brings to most investors to get bankrupt when they bought the tulip for a high price.
On those people who bought bitcoit at the higher price who suffering for loses it is always that is why other trading experts telling that "make sure to buy at the low price then sell it at the higher price" this is always basic thing that other people must do so that they can preven't of losing large amount of investment.
Bitcoin today is rising but it doesn't its bubble because if the price increase more than 20% then suddenly drop we can say that it is bubble.

Well maybe as you think, but in my opinion bitcoin will go in the direction of slow growth and slowly reach the big numbers, not jump like some other currencies.
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August 18, 2018, 01:38:54 PM
 #55

People for a long time called bitcoin bubble, called even in 2013, when it cost 35 dollars. After all, this is an unexplored territory. We still do not know how to evaluate this currency and what will happen to it later.
Even today they still call it as a bubble every time when Bitcoin started to decline the market price and drop so big. They just compare it to the tulip mania because of the sudden fluctuation of the price of a single tulip before and then later on it's just gone which brings to most investors to get bankrupt when they bought the tulip for a high price.
On those people who bought bitcoit at the higher price who suffering for loses it is always that is why other trading experts telling that "make sure to buy at the low price then sell it at the higher price" this is always basic thing that other people must do so that they can preven't of losing large amount of investment.
Bitcoin today is rising but it doesn't its bubble because if the price increase more than 20% then suddenly drop we can say that it is bubble.

Well maybe as you think, but in my opinion bitcoin will go in the direction of slow growth and slowly reach the big numbers, not jump like some other currencies.
Yeah absolutely the number prove they are wrong for  many years bitcoin  price climb into a new hight if it just bubble  how come  it soar this much meaning many patronized it, because they trusted bitcoin more  than gold.

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August 18, 2018, 02:43:59 PM
 #56

I do not agree with this statement that bitcoin is a bubble. Bitcoin is the most popular coin in the market and when people start investing, they invest in the bitcoin first. For such high demand, price rises up
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August 18, 2018, 04:22:57 PM
 #57

It is not a bubble. It is just going through a tough times in the market. It is as valuable as fiat, the only difference is that it runs on a decentralized system.
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August 18, 2018, 05:44:58 PM
 #58

Bitcoin is not a bubble. The price of BTC is inflated but that doesn’t mean that it will be called as a bubble. Many new bees are thinking and believing it as a bubble because they lack of proper knowledge. So at first it should be understood very clearly about the BTC before calling it a bubble.
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August 18, 2018, 05:53:33 PM
 #59

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.

Not correct. Even if Bitcoin reached $20,000 in 2017, and dropped to $6,375.76 (at the time of writing) it can't be said that Bitcoin is in a bubble. In the year 2000, a tech bubble grew to about $1.7 trillion before it burst. Bitcoin in comparison has a total market cap of $109 billion, I think it's relatively small for Bitcoin to be in a bubble.


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August 18, 2018, 06:33:10 PM
 #60

No it is not a bubble. But this coin does have some limitations when it comes to its uses. Like it cannot be used to buy certain things right from the vendors on the streets.
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