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Author Topic: Is Bitcoin a bubble?  (Read 1447 times)
btc_angela
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August 21, 2018, 06:17:58 PM
 #81

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.
Yes I also think that bitcoin is not a bubble, currently bitcoin price is totally depending on the increasing interest of the investors, if they will continue taking interest in bitcoin it will surely I cause the bitcoin price to increase.

How can it be a bubble when we have limited supply of bitcoin. Those bubble's in history doesn't have the luxury. Supply is not limited in case of the tulip mania, everyone can have its own tulips in their backyard. As opposed to bitcoins which has a limited supply of 21 millions only and everyone wanted to get at least 1 BTC in their lifetime. And even if it burst, sooner or later it will continue to bounce back and recovery.

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August 21, 2018, 09:59:50 PM
 #82

How many times we're going to discuss this bitcoin bubble topic. If they are thinking that its a bubble, let them be and tell them that it already popped. Why would they want to say good things on the currency that is going to be a tough competitor for their depositors and investors. Real estate is a bubble and almost everything that gives people potential profit is being called as a bubble.

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August 21, 2018, 10:08:57 PM
 #83

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 agree with you that every bubble should burst easily that if Bitcoin is a bubble then 1 year is long enough to make that burst to happen but Bitcoin still exist and its become more popular everyday, in fact more nations now are using it as currency like Germany and Japan so i think Bitcoin will burst is a myth.

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August 27, 2018, 11:20:51 PM
 #84

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 agree with you that every bubble should burst easily that if Bitcoin is a bubble then 1 year is long enough to make that burst to happen but Bitcoin still exist and its become more popular everyday, in fact more nations now are using it as currency like Germany and Japan so i think Bitcoin will burst is a myth.
Bitcoin is really not a bubble, just because the recent drops people easily says that its a bubble not knowing the previous trend of this bitcoin. This market drop for many times in the past years and yet we see a great bounce back of bitcoin. Now we are dump again but later on you will see a big spike on the price again.
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September 17, 2018, 04:58:45 PM
 #85

To me, everything could be a bubble.. Its because any tradable things may react to market speculation.
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September 21, 2018, 09:29:44 AM
 #86

To me, everything could be a bubble.. Its because any tradable things may react to market speculation.
All you mentioned are true but it will take long time. In the long run bitcoin will take over the market and all other currencies will disappear from the market. People will use only bitcoin as their regular currency even in their local markets. But today there are no such signs for growth and acceptance of bitcoin throughout the world. One country bans and other accepts.
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October 02, 2018, 09:18:52 PM
 #87

Many people especially those that are bearish on bitcoin has said this several time but I did not believe bitcoin is a bubble. I do believe that bitcoin is the future of money and the money of the internet and the early we adopt this fact the better for us. Cryptocurrencies has come here to stay and those that understand this will make money from it in future.

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October 02, 2018, 10:28:35 PM
 #88

Many people especially those that are bearish on bitcoin has said this several time but I did not believe bitcoin is a bubble. I do believe that bitcoin is the future of money and the money of the internet and the early we adopt this fact the better for us. Cryptocurrencies has come here to stay and those that understand this will make money from it in future.

This was a very long story to tackle of and that bubble was still none proven. The volatile market is one of the main cause why people and other group of financial analyst always tell us this bad omens of crypto.

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October 07, 2018, 07:46:35 PM
 #89

Bitcoin is a volatile currency. like it nature it price fluctuate time to time. So it is not a big deal. But Bitcoin price constantly decrease in resent some times and because of this many investors and economist predict that it is biggest bubble of the year. According to them bitcoin price is increase instantaneously like bubble and sudden decrease like a bubble burst. But i don't think so that it is a bubble. It is accepted by many multimillion companies and because of this its price will increase in near future.

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October 07, 2018, 09:05:12 PM
 #90

The price of bitcoin is indeed very volatile and it makes bitcoin does not have value stability, bitcoin can rise high and at any time can fall free. I think bitcoin is not a bubble, only bitcoin prices are not stable.

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October 17, 2018, 10:45:49 PM
 #91

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.

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October 18, 2018, 10:24:59 AM
 #92

How many times we're going to discuss this bitcoin bubble topic. If they are thinking that its a bubble, let them be and tell them that it already popped. Why would they want to say good things on the currency that is going to be a tough competitor for their depositors and investors. Real estate is a bubble and almost everything that gives people potential profit is being called as a bubble.


rightly said, there will always be people who will say that this market is a bubble and they do not change their opinions, so it's not worth the effort.

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