Oshosondy (OP)
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Gamble responsibly
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February 19, 2021, 06:45:17 PM |
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What I know recently is that calling bitcoin a bubble is not true, bitcoin truly increase price and reduce price, but bitcoin still have one thing in common, if the price decrease today, it will increase back later in a way it will supersede the all time high. Many years ago, people that believe in bitcoin only like to hold, thinking its price will increase no matter what because they have fathom how people will still know the true value of bitcoin. 2018 was the worst year for bitcoin as it decrease below what people can think about, which bring the impression of bitcoin being a bubble to be more solid, but in 2020, after Halving, the price of bitcoin increase and now in 2021 the price increase above $50000. I am thinking calling bitcoin a bubble is not right, the right ideal word is to believe that the price will rise even after it falls.
Even if bitcoin still fall, the way it is, people will still go for it which will make the price to increase. Remember gold is once at this stage before, but people invested in it made it what it is today, the world are moving from old era to digital time, very possible bitcoin will be the most successful asset in the next 30 decades. Believing in bitcoin will help as the price will still increase, even if it decrease, it will return back and increase more than the all time high.
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Asuspawer09
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February 19, 2021, 07:43:09 PM |
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What I know recently is that calling bitcoin a bubble is not true, bitcoin truly increase price and reduce price, but bitcoin still have one thing in common, if the price decrease today, it will increase back later in a way it will supersede the all time high. Many years ago, people that believe in bitcoin only like to hold, thinking its price will increase no matter what because they have fathom how people will still know the true value of bitcoin. 2018 was the worst year for bitcoin as it decrease below what people can think about, which bring the impression of bitcoin being a bubble to be more solid, but in 2020, after Halving, the price of bitcoin increase and now in 2021 the price increase above $50000. I am thinking calling bitcoin a bubble is not right, the right ideal word is to believe that the price will rise even after it falls.
Even if bitcoin still fall, the way it is, people will still go for it which will make the price to increase. Remember gold is once at this stage before, but people invested in it made it what it is today, the world are moving from old era to digital time, very possible bitcoin will be the most successful asset in the next 30 decades. Believing in bitcoin will help as the price will still increase, even if it decrease, it will return back and increase more than the all time high.
I don't think that's it's gonna be the case when it comes to bitcoin, when the market circulates for sure there are pumps and dumps or corrections that could happen in the market. When the price is so high and it just a big spike in just a short time in the market of course we could expect drops after that as well but not totally to the point where we could expect to reach 0. Maybe in the case of some altcoins that could happen but when it comes to bitcoin for sure it's different because it has a solid demand and a lot of investors. We could see the supply and demand of bitcoin, with the limited supply of 21million plus bitcoin halving we could expect the market price to increase in the future.
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Renampun
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February 19, 2021, 08:13:24 PM |
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The whole world is bubble. Life is made of bubbles. Enjoy the bubble ride!
'Bubble' is a keyword that Bitcoin haters always mention... what you convey is very true, everything in our life can be called a 'bubble' because it is full of uncertainty and worry. *btw, Bitcoin has already been discussed is not a bubble, those who hate Bitcoin deliberately use that word
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DarkDays
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February 19, 2021, 08:18:03 PM |
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The whole world is bubble. Life is made of bubbles. Enjoy the bubble ride!
What a way to think of it all ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Bitcoin like any other asset can be considered as a bubble and not. We all (or most of us) expected BTC to be around 30K by the end of 2020, the market instead outperformed our expectation and now we are thinking this is going to go down soon but today we are yet surprised by the market with BCT reaching yet another ATH. Is this a bubble, might well be but you don't know if this is one unless you're in it and experience the burst ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Maestro75
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February 19, 2021, 08:28:12 PM |
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You can not choose for people what they want to think or tag a thing. The bubble tag on bitcoin became a big deal for me in 2018 to a point I started thinking the haters could be right. I know better now and no one an deceive me anymore. This is the same way a lot of users here call every altcoin shitcoins. They tell you that only bitcoin is credible and that they will not hold any altcoins but that does not make them right? The answer is no. We have seen how greatly the alts are doing today.
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jossiel
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February 19, 2021, 08:35:46 PM |
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Even if bitcoin still fall, the way it is, people will still go for it which will make the price to increase.
Right. That's the opportunity for those that are waiting for a dip to buy. They are now seeing the firmness of investing to bitcoin as a store of value. If they miss it out, they would be buying it at a higher price. Regardless of what people say about bitcoin being a bubble. It will never change the fact that we're now looking forward to see another ATH and for the most awaited part of it is to see it goes $100k anytime soon.
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pixie85
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February 19, 2021, 09:45:34 PM |
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So you think that it's in a bubble because it grows in value to very high levels? Is that it OP?
What about stock market companies who did the same exact thing? Apple, Amazon, Microsoft? People don't talk about them being a bubble because of what reasons? Or maybe the whole stock market is in a bubble?
It's similar with the housing bubble. People were talking about it a for years and it's still happening. There was no crash, while bitcoin had its share of crashes.
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JeromeTash
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Heisenberg
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February 19, 2021, 09:59:16 PM |
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I remember some friend of mine who called Bitcoin a bubble. In fact, she even posted about it on Facebook in 2018 as the mighty crash started. How I wish I had made a screenshot of the post. I wonder how she feels right now given that BTC is over $55K I am still waiting for the most opportune time to rub it in her face ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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MinoRaiola
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February 19, 2021, 10:21:06 PM |
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Let's try to hear the current market situation from the theoretical side. The coronavirus pandemic that is throwing all financial markets into chaos, which is not working. The US stock market is right near its record highs. Why? This gave a theory called the "Minsk Moment". Analyst Haiman Minski said that if the market grows irrationally for a long time, a deep slump will inevitably follow. In 1998 and 2008 there were market contexts that differed in order to leave. The US Federal Reserve owes huge sums of money in the economy. Achieving zero interest rates and bond returns of money straight into company stocks. It is not yet known. If there is a selling cascade that triggers a certain wave of market positions, we have seen selling rights in the stock markets for 20 years. Source![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fbz5kh1R%2F3-E09-A62-B-1487-4-D05-A255-E565-E777-A07-F.jpg&t=665&c=_t31Y-x8P67LvA)
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Clement Kaliyar
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February 19, 2021, 10:31:33 PM |
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Even if bitcoin still fall, the way it is, people will still go for it which will make the price to increase. Remember gold is once at this stage before, but people invested in it made it what it is today, the world are moving from old era to digital time, very possible bitcoin will be the most successful asset in the next 30 decades. Believing in bitcoin will help as the price will still increase, even if it decrease, it will return back and increase more than the all time high. You cannot compare gold with bitcoin, gold is always the safest investment for centuries and bitcoin is the new kid in the block and it is a speculation market and now there are huge investments coming in the market and there might be different reasons mainly because of economic slowdown and these institutional investors will always find an alternative market to make the profit.
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koang
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February 19, 2021, 10:57:02 PM |
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is bitcoin a bubble? Dr. Doom: YES ! ! ! Crypto community: NO ! ! !
Whatever people think of Bitcoin, it is clear that Bitcoin has become a game-changer, Bitcoin is a new and innovative financial unit of the future. And Bitcoin will continue to live and develop as long as it is of use to society.
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TravelMug
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February 19, 2021, 11:44:20 PM |
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We have seen the bubble being burst in 2017 right? So it is a bubble and we have seen it already.
The thing though is that once the bubble is pop, it will go on another cycle (others says its 4 year cycle), unlike other bubble in history wherein it didn't bounce back after it has been burst. And if we have to think about it, this bubble theory really works on our advantage, it's very nature of volatility makes bitcoin very resilient as the price goes on the next bubble after a burst.
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Welsh
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February 19, 2021, 11:50:32 PM |
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This is such a tedious, and pointless discussion at this point. We've got through multiple "bubbles", and its yet to burst. The thing is its highly unlikely Bitcoin would "burst" over night. There's far too much demand, and interest in Bitcoin for it to just disappear. At the moment, this is just tabloid nonsense which will endlessly be churned out, and unfortunately will always end up getting people to click on it which just continuously encourages the same headlines.
Honestly, the best thing we can do is ignore this discussion whenever its brought up. Its used as a way to discredit Bitcoin, and even if they are right, there's still potential to earn, and make a living off of Bitcoin in the mean time.
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Kemarit
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February 20, 2021, 01:22:21 AM |
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This is such a tedious, and pointless discussion at this point. We've got through multiple "bubbles", and its yet to burst. The thing is its highly unlikely Bitcoin would "burst" over night. There's far too much demand, and interest in Bitcoin for it to just disappear. At the moment, this is just tabloid nonsense which will endlessly be churned out, and unfortunately will always end up getting people to click on it which just continuously encourages the same headlines.
Right, 2013 and 2017 bubble and that's it, once it's burst we go back to the drawing board, bear market, you buy at a discount price, whatever it is, wait for the next halving and then boom, another cycle of boom and bust. Honestly, the best thing we can do is ignore this discussion whenever its brought up. Its used as a way to discredit Bitcoin, and even if they are right, there's still potential to earn, and make a living off of Bitcoin in the mean time.
Sounds like a broken record, total rehearse argument. Still comparing it to the tulip bubble, but it's very different scenario, the tulip bubble wasn't able to recover for different reasons and not even close to bitcoin's bubble and burst cycle.
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cabron
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February 20, 2021, 01:55:58 AM |
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They've been saying Bitcoin is a bubble for a decade already and then bitcoin is going to die. They weren't just nobody but well-known individuals who had been in the finance industry for years comparing it to the tulip bubble. Now they look at themselves being the joke after bitcoin keeps breaking its ATH. I think some of them already admitted they were wrong.
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Strongkored
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February 20, 2021, 02:15:17 AM |
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Questions like will pop up when BTC reach new ATH, this is not important question to answer to people that have owned view, every explaination we give to that people will not change their mind or will make them interest to BTC, so just wasting time. Bitcoin can be said a bubble if happend in short time but we can see BTC exist more than 10 years and still exist, investor who believe BTC future now in big profit.
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btc78
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Eloncoin.org - Mars, here we come!
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February 20, 2021, 03:52:58 AM |
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There was a Good article written back in 2011 that tackles about the Bubble of Bitcoin and about the result . Try to track back and you may Find some relevant connection https://bitcointalk.org/index.php?topic=6659.0But this is what i Love in the whole article Without the need for a central authority, bitcoins are in limited quantity and cannot be counterfeit. If only they had some value, we could use them as money.
and which the best explanation why Bitcoin is so popular and why people are trusting this . Bitcoin is the future of all currencies around the world and this is not literally as Bubble .
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DapanasFruit
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February 20, 2021, 04:19:18 AM |
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I love to play with bubble when I was just a kid decades ago and maybe if someone can play with me again then probably bubble will be giving me a lot of smiles and some measures of happiness...am a child inside you see. Now, of course, ascribing the bubble to Bitcoin can be a complex discussion as there can be many ideas, parameters and biases we can be bringing into it. For the past many years, Bitcoin has been called a bubble that will be bursting anytime but lo and behold it survived the test of time and beyond the criticism of many good-meaning and popular personalities - with some of them now already converted on our side. Personally, am not looking at Bitcoin like a bubble but something that can go up and can also go down in price according to the whims of the market...and this is quite true with any asset that is openly traded.
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ubercool
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February 20, 2021, 04:25:26 AM |
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The question or you may say the TROLL has been going on for years now. Every time BTC pumps or the crypto market cap increases, people pop up from their cave and start trolling that BTC is a bubble. Check the statements from Morgan Stanley, looks so so dumb sometimes. If you think with that perspective, every financial asset is a bubble on this planet. Let the trolls do their job, we will be riding on the wave.. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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