OK my apology Bitcoin is not a PONZI but I still call it a huge bubble

[rc4739]

After reading all those reply in this forum

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?



P.S.   I am not a bitcoin hater

I Respect  Satoshi  and all the early pioneer to promote bitcoin to the mass
all their effort and all the early adaptor of bitcoin

Thank You

[wheelz1200]

After reading all those reply in this forum

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?



P.S.   I am not a bitcoin hater

I Respect  Satoshi  and all the early pioneer to promote bitcoin to the mass
all their effort and all the early adaptor of bitcoin

Thank You

64k is relative.  If you believe it will go higher its worth buying into right now.  If you think its going down then hold off.  But huge bubble makes it sound like you think bitcoins value is somewhere down at 10-30k, 1-10k, $100-$1k?  It continues to increase use and adoption price assertion is only anticipated with that.

[jackg]

but I still call it a huge bubble

And we still don't care lol.

Tbh I'm not fussed if we go to zero, it was fun while it lasted... It's also merely a prototype, there are many improvements that may come and there are many that could and maybe should be implemented in the main or a second layer chain. But for now, we're just waiting to see what happens as early adopters.

[palle11]

how much money do you willing to spare to buy bitcoin?

Buy a little fraction in satoshi and you will be fine
So many in the past refuse to buy one coin for a $ but you see what one is today. Don't cry bubble so it doesn't melt in your eyes lol. Procrastination is killer of many dreams. Dreams live in the grave. 

[agg2702]

I don't know how the ponzi works, then what is the difference between ponzi and bubble. is there a difference that stands out.

whether it's ponzi or not i still like bitcoin for whatever reason. bitcoin has saved my life for several years.

[NeuroticFish]

how much money do you willing to spare to buy bitcoin?

1. Like for any other investment, if you want to buy and hold, i.e. invest, never spend more than you afford to lose.
This is a main rule and it's different for each different person.

2. Keep in mind that you can buy even very small fractions of Bitcoin.

3. You seem to be missed the fact that bitcoin is also a coin, i.e. something than can be earned or spent for goods and services (i.e. you can work for it and at payday buy something nice)

[Poker Player]

but I still call it a huge bubble

And we still don't care lol.

Yes, lol.

OP, you have a problem. There are people who have been saying that Bitcoin is a bubble like the tulip bubble since it reached $100. Others were smarter and knew how to change their minds in light of the facts. Now you've only half changed your mind. Good. You're not going to change our minds no matter how much you write.

[Stalker22]

After reading all those reply in this forum...

Guess what, half-wit? You don't have to start a new topic for each reply you want to post in a forum.
To be more specific, this is the topic you're looking for: https://bitcointalk.org/index.php?topic=5330121.0

Let me know if you have any trouble finding the Reply button.

[Marvelman]

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?

Bitcoin is worth whatever people are willing to pay for it, and its staggering growth indicates that people believe it will continue to grow. I certainly wasn't expecting this kind of development, not even remotely.

That, however, has nothing to do with what you believe. You're not that important.

[wxa7115]

After reading all those reply in this forum

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?



P.S.   I am not a bitcoin hater

I Respect  Satoshi  and all the early pioneer to promote bitcoin to the mass
all their effort and all the early adaptor of bitcoin

Thank You

You are suffering from recency bias, you see that the price of bitcoin was below five figures just one year ago and you think that it has to be a bubble, and I will not deny that sometimes there are distortions in the market caused by too much optimism and by speculators, that happens but this is a freely traded market so that is inevitable, what we need to wonder is if the underlying technology behind bitcoin is worth it?

And it should be painfully obvious the answer to that question is yes, governments and private corporations are taking incredible steps to try to suppress your freedoms and bitcoin gives you some of that freedom back and in a world like ours that is invaluable, if you cannot see it you will never understand why bitcoin is valuable, but don't be surprised if you still think it is a bubble and in a few years the price of bitcoin is many times higher than what we have now.

[The Sceptical Chymist]

So many in the past refuse to buy one coin for a $ but you see what one is today. Don't cry bubble so it doesn't melt in your eyes lol. Procrastination is killer of many dreams.

Yeah, I remember when bitcoin had dipped below $200 and I still wasn't convinced that it'd be worth much more than that--so I never bought multiple bitcoins when I could have afforded to, and I definitely regret that.

I don't know how the ponzi works, then what is the difference between ponzi and bubble. is there a difference that stands out.

They're two completely different things.  A Ponzi scheme is a type of scam, and you can google it if you want to learn more about how they work.  A bubble is NOT a scam.  It's a phenomenon in markets where the prices of certain assets get inflated past all rationality.  Internet stocks back in the late 1990s are one example.  The real estate market leading up to 2006 is another one. 

Members here are slamming OP for his opinion, but the fact is that he could be correct.  As I said before, we're not going to know until the bubble (if it exists) pops and bitcoin's price crashes through the floorboards.  I'm not hoping that happens, just saying that it could.

[Princejebs]

You can call it whatever you choose to believe. It's a welcome norm that everyone has a say but the opinion doesn't matter to its development.
Bitcoin has broken so many odds and its enjoying what they have fought which is always decentralization. Now today, we have finance here and there popping out from every corner trying to solve and improve the tradition system of finance.
You haven't talk of coin base tokenize token that's trading on nasdaq. They are all because of bitcoin.

[darewaller]

I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?

Just due to unable to be bought by everyone, we cannot assume that bitcoin is a bubble. Even with the price tag of $64k, some one who has only $100 can invest with bitcoins and may enjoy 10x to 100x profits by holding it. I mean not everyone needs to buy one full bitcoin but they can buy fraction of bitcoins as per their affordable levels. So, calling a bubble due to huge price level is completely meaningless in my opinion.

The current price level may seem huge in your eyes but when bitcoin will be having higher value than today's price then you will understand how wrong you are on assuming and calling it a bubble. Because, people called bitcoin a bubble when it was reaching $1k for the first time but right now it is trading 60x higher than that.

[Hydrogen]

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

If you truly believe bitcoin is overvalued and a bubble.

You can short it. And profit if its price declines.   

Many have said bitcoin is undervalued/overvalued. Few believe their own opinion enough to put real money on it.

Some say success is defined by how often people follow their own advice.

[Ridwan Fauzi]

I don't have any doubt to spend how much money to buy bitcoin. I've been here for four years at least and it made me believe that bitcoin is legit, not bubble as you think even not ponzi scheme as you were accusing.

Bitcoin is an investment place to me like stock and other traditional market. I've got a lot of profit from bitcoin even in some altcoin I also get I huge lose from them but I never think that bitcoin is a bubble that I have to be avoided.

So, what your point making this thread? do you need our attention about bitcoin? If you need that, you can active is this forum especially in this board https://bitcointalk.org/index.php?board=39.0 to understand the ins and out about bitcoin.

[adaseb]

Do you think a house is worth $1 million, no. But most people buy it anyways. People pay $1 million because there is where the buyers and sellers agree on a price. So the reason why BTC is $64K is because there is what the current market value is of it.

Same with people buying these $100,000 Landrover SUVs. You can easily buy some KIA SUV for like $15K and get from Point A to Point B. However people are buying them like crazy at these prices because they see value in it.

With bitcoin its the exact same thing. Just because something seems expensive doesn't mean its a scam.

[magneto]

Good to know that you have taken the time to see tho viewpoints of other people. That's impressive given the modern predisposition of self-delusion.

Anyhow, I only partially agree with your statement. What I do agree with is that BTC is not going to be generating as spectacular of returns as it has been for the past decade. That shouldn't come as a surprise given the fact that the bulk of the institutional and retail adoption is already behind us.

I do not agree with the statement that BTC is a huge bubble, though. Whilst the price has risen exponentially, it is merely reflective of the strengthened fundamentals.

[pooya87]

calling bitcoin a ponzi scheme
but I still call it a huge bubble

If you couldn't figure out something as simple as why a Ponzi scheme is how do you expect to figure out what a bubble is. The concept of a bubble is much simple than the concept of a Ponzi scheme!

but at over 64K a piece

What you need to understand is that just because a number is big that doesn't mean that number represents a "bubble"! If you are scared when seeing $64k what are you going to do when you see $500k this year?

[Ibrahim60]

What do you mean by a huge bubble. A bubble rising in the sky and suddenly it brust and vanish. Do you realize what you tell? Bitcoin Price is now increasing and its Price is so much volatile. Its price gonna increase day by day because of Bitcoin popularity among people and every investors choose this coin. That price rising not means that The price of the coin will be wiped out or vanished like a brust bubble. Price can drop some but never vanished.

[decodx]

calling bitcoin a ponzi scheme
but I still call it a huge bubble

If you couldn't figure out something as simple as why a Ponzi scheme is how do you expect to figure out what a bubble is. The concept of a bubble is much simple than the concept of a Ponzi scheme!

We can't expect the idiot to understand simple financial and economic terminology if he can't even figure out how to use the forum. He can't even reply to his own thread, so he starts a new one. Pathetic...

[thecodebear]

Sounds like the OP is on a slow path to understanding Bitcoin. Thought it was a ponzi, realized that's wrong. Think it is in a bubble, soon enough he'll realize that rather than a bubble it is very cheap right now. Soon enough he'll realize people would be desperate to turn back time and buy in a $60,000-something.

[decodx]

Sounds like the OP is on a slow path to understanding Bitcoin. Thought it was a ponzi, realized that's wrong. Think it is in a bubble, soon enough he'll realize that rather than a bubble it is very cheap right now. Soon enough he'll realize people would be desperate to turn back time and buy in a $60,000-something.

You forgot to mention that he thought Satoshi Nakamoto was actually Steve Jobs and all the coding was done by Steve Wozniak. Also, he wonders if he can mine a block with a desktop computer and that diffuculty should be reset to 1.

And a few more stupid questions.

[STT]

These questions are ten years old but most of the world still needs to consider so its a valid conversation to have, stating it as a conclusion is obviously going to upset people.    The main reason why bubble as a label exists for any pricing is because the FIAT or political control of Conventional money supply is causing asset price inflation but the source of that dilution is not Bitcoin.
   In Zimbabwe while under going thousands of percent increase in prices, they accused the stock market of producing inflation via higher prices, this also was not the cause of their problems.  They forced their market to close, all that happened is the pricing resumed at a higher level when open trading was allowed again as the money had fallen even further in value mean time.

[LogitechMouse]

After reading all those reply in this forum

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?

What's important is that you accepted your mistake. That is enough already.
Now with regards to Bitcoin being a bubble, many might see it as a bubble right now because it is making a parabolic rise these past few months and it is almost the same as the 2017 parabolic rise and we know what happened months after that in 2018 .

How much do I spare to buy Bitcoin?? None TBH because I'm just currently holding it right now and I'm not buying it. One reason too is that I'm waiting for the market to make its huge correction in the succeeding months and I'm selling gradually some of my holdings to take some profits. I might be wrong with this but I'm just making myself ready with the worst situation that might happen. I don't want to be sitting in my chair while watching the markets go down while holding some coins.

[maydna]

It will not be a problem if you want to call bitcoin is a huge bubble because we have our own opinion about bitcoin.

Even if the bitcoin price $64k, bitcoin will be still the best investment for us, especially if we believe that bitcoin will increase higher by more than $100k. People will still invest in bitcoin, especially if they see bitcoin can give them a big profit in the future.

I don't just invest in bitcoin, but I also traded it to make money because that is why I increase my bitcoin amount and make money from crypto.

[ultrloa]

Sounds like the OP is on a slow path to understanding Bitcoin. Thought it was a ponzi, realized that's wrong. Think it is in a bubble, soon enough he'll realize that rather than a bubble it is very cheap right now. Soon enough he'll realize people would be desperate to turn back time and buy in a $60,000-something.

Now he realized his mistale for thinking that bitcoin is ponzi and now also I can't blame him to call it bubble since imagine how big the price acquired by bitcoin since last year it could really make those new people wonder on why this one happen. But if OP could do more researcg about what happen from the past for sure his outlook towards bitcoin will be change.

[Yaunfitda]

Sounds like the OP is on a slow path to understanding Bitcoin. Thought it was a ponzi, realized that's wrong. Think it is in a bubble, soon enough he'll realize that rather than a bubble it is very cheap right now. Soon enough he'll realize people would be desperate to turn back time and buy in a $60,000-something.

You forgot to mention that he thought Satoshi Nakamoto was actually Steve Jobs and all the coding was done by Steve Wozniak. Also, he wonders if he can mine a block with a desktop computer and that diffuculty should be reset to 1.

And a few more stupid questions.

Lol, I haven't read his post but it looks like he really need to study what bitcoin is and what it is not a ponzi scheme. Of course, it will bubble but the thing is that bitcoin can go and recover again after the bubble cycle. I would say that it very simple to understand bitcoin, unless he wants to go on the technical aspects. But majority of us are very happy that we have discovered it and just thanks Satoshi with that (no need to unravel him as well because we can't).

[slapper]

Yeah, to many people it is bubble. But as long as it still provides the opportunity to make money, I mostly do not care much about it. I will and only sell my bitcoin when there is a precise indication showing that bitcoin is going to explode

Some consider $64k is too high to buy while others can afford to gather more. That is how supply and demand works. It also is the force pushing the price of bitcoin higher. Moreover, even if right now bitcoin is overbought, in the far future, you will never have a good chance to see bitcoin wandering around $65000, to be honest

[JimboToronto]

[slaman29]

Hope OP doesn't have to feel the need to make another apology thread down the line and say he's sorry for calling it a huge bubble;) I mean you know guys I like to see people having different opinions and it's so fun to read all these bad news and FUD. If everyone was shilling BTC to the sky every day in every post, I would be wary;)

[Rana590]

Why you are making bitcoin is so complicated? By telling bitcoin as a bubble, you can't imagine that bitcoin can reach in how much in a time. Don't waste your time by saying negative things about bitcoin. Still there are opportunities to make money by investing on bitcoin.

[SaShiRaJaVu]

please accept my apology for calling bitcoin a ponzi scheme
but I still call it a huge bubble

I does not even matter what you call, if you have the power to change the market situation then i would have said something regarding that but since you have nothing to hold the market, it does not matter what you think.

It may be the best investment vehicle in our lifetime
but at over 64K a piece
how much money do you willing to spare to buy bitcoin?

There is a point of time for entry and this is not the best time to invest in a high volatile asset and i will not dare to invest at this price. I am rather looking for the market to go down for a massive correction for me to invest again.

[franky1]

if people were to mine it..

the cheapest mining is china/iceland  mining farms which can mine for $21k/btc
the most expensive country to mine is germany home hobby mining which is upto $72k/btc

so the window of value is $21k-$72k
yep right now germany wont want to mine because they can buy it at ~$60k meaning they save money by just buying instead of mining.
china.iceland are mining and selling so they wont be buying because they can mine it cheaper


if the price spiked above $72k then its a bubble as there is no reason at all in any way to sustain it above $72k
no one sees it as sustainable above $72k right now so no one but foolish drama speculators would.. which would then correct

bubbles do not mean its pricing something of no value. it means its over pricing excessively something of lower value

even today. tulips are being bought and sold. go visit a garden store/centre
tulips are still of value.. but just no longer excessively priced

2018's $20k was above the value window. so it did not sustain. that 2018's $20k was a temporary bubble

[milewilda]

After reading all those reply in this forum

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?



P.S.   I am not a bitcoin hater

I Respect  Satoshi  and all the early pioneer to promote bitcoin to the mass
all their effort and all the early adaptor of bitcoin

Thank You

You can call it a bubble if this or bitcoins price isnt backed by something or shall we say that it had been pumped out without knowing the reason behind just like what happened on that 2017
where i can really or we can really say that the bubble had popped but now on the current state of bitcoins price where it did hit 60k+ then this isnt something that we can compare into those
previous years which we dont know on whats the reason behind those pumps not compared into this current situation where we can see that big companies and institutions are really making
out some involvement with bitcoin or cryptocurrency as a whole which does signify the difference.

[philipma1957]

Good to know that you have taken the time to see tho viewpoints of other people. That's impressive given the modern predisposition of self-delusion.

Anyhow, I only partially agree with your statement. What I do agree with is that BTC is not going to be generating as spectacular of returns as it has been for the past decade. That shouldn't come as a surprise given the fact that the bulk of the institutional and retail adoption is already behind us.

I do not agree with the statement that BTC is a huge bubble, though. Whilst the price has risen exponentially, it is merely reflective of the strengthened fundamentals.

Yeah it went for under 1 dollar to over 64000 dollars.

from 2009 to 2021 that is 12 years.

It is about 1.1 or 1.2 trillion

If it took over most of golds share of wealth due to Musk mining the gold asteroid it could become worth 10x to 15x.


https://alienstar.net/elon-musk-and-nasa-will-try-to-bring-this-giant-gold-asteroid-to/


So basically I do not think of it in a bubble but I do think it won't growth beyond 500k to 1 million that easily .

But 500k to 1000k I give it a fair shot.

[slaman29]

bubbles do not mean its pricing something of no value. it means its over pricing excessively something of lower value

And that's why I have always believed there's nothing necessarily wrong with being a bubble, just depends on what type of bubble. NFT bubble may burst and never recover, just as ICOs did, like tulips as you say, they will still have value but never excessively priced again.

Real Estate and Stock Market are bubbles like Bitcoin, they will always blow up and burst, but rise again as new bubbles in cycles.

[Becky666]

Buy a little fraction in satoshi and you will be fine
So many in the past refuse to buy one coin for a $ but you see what one is today. Don't cry bubble so it doesn't melt in your eyes lol. Procrastination is killer of many dreams. Dreams live in the grave. 

The moment in the pass is what others are lingering to have again but the past can't be reverse again, there are still people that won't believe until everyone has done the needful before they act and such individuals won't be lucky such like OP. Well, believe or not Bitcoin has done some wonders that the world won't forget in a hurry, so, the ones that don't embrace the system will surfer in future. Ponzi or not ponzi bitcoin has done more that anyone other digital coin has done, so, embrace or not it same Bitcoin.

[peter0425]

After reading all those reply in this forum

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?



P.S.   I am not a bitcoin hater

I Respect  Satoshi  and all the early pioneer to promote bitcoin to the mass
all their effort and all the early adaptor of bitcoin

Thank You

Actually ? we dont care mate , whatever you think about Bitcoin because you have no count in Bitcoin progress and you dont even counted as Investor.
so what are you doing here? spreading BS?

[traderethereum]

Even if bitcoin is a bubble and explode at a high price, bitcoin will survive in any situations. But bitcoin is not a Ponzi, and only people who can not profit from bitcoin will call bitcoin a Ponzi.
If they know what bitcoin can give to them, they will not say bitcoin is a Ponzi.
If you ask me how much money I am willing to use to buy bitcoin, I will be going to buy bitcoin no matter if that means I can only buy it for a small amount because I believe that bitcoin is really worth it for you and me.
So that will depend on yourself, how much money you will use to buy bitcoin and how long you will buy bitcoin.

[davis196]

P.S.   I am not a bitcoin hater

I Respect  Satoshi  and all the early pioneer to promote bitcoin to the mass
all their effort and all the early adaptor of bitcoin

Thank You

You say you are not a Bitcoin Hater,but you called Bitcoin a ponzi scheme.There's a contradiction here.
If you have a certain point of view,every financial asset can be called a bubble.Tesla stocks are a bubble,real estate prices are a bubble,NFTs are a bubble,gold price is a bubble.
Human perception of value can be weird.People are spending hundreds of thousands of dollars for shitty and pointless NFTs,rather than investing in something that makes sense,like Bitcoin.
I guess that scholars and scientists will have to re-write all the books about economics and finance.
The future economy is going to be way different than everything we know.
Nobody knows whether or not Bitcoin is in a "bubble phase" or a "stable growth phase".

[sheenshane]

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It seems like your apology isn’t sincere and you just meant to add fire.  Big bubble and Ponzi scheme are still connected on how you say it even though they had totally different meanings.

Just to let you know, pioneers already knew about how Bitcoin works and the bubbles that you've said are expected beyond what you know.  Besides, we studied a lot before we came in that’s why we know how this stuff works.

Going back, it might you'd to study how currencies started and how much risk they have to bubble.  It’s actually almost more than Bitcoin when it comes to possibility.  One last thing, Bitcoin is a more secured investment to be honest, as it is being backed by mining compared to currencies being backed by trust?  
Like who would trust that.

[jostorres]

You say you are not a Bitcoin Hater,but you called Bitcoin a ponzi scheme.There's a contradiction here.
If you have a certain point of view,every financial asset can be called a bubble.Tesla stocks are a bubble,real estate prices are a bubble,NFTs are a bubble,gold price is a bubble.
Human perception of value can be weird.People are spending hundreds of thousands of dollars for shitty and pointless NFTs,rather than investing in something that makes sense,like Bitcoin.
I guess that scholars and scientists will have to re-write all the books about economics and finance.
The future economy is going to be way different than everything we know.
Nobody knows whether or not Bitcoin is in a "bubble phase" or a "stable growth phase".

He is a bitcoin hater. There are a lot of people who say something negative after the word "I am not ... BUT,.." then say something negative. I am not racist BUT followed by something racist, I am not a capitalist/communist BUT and then followed by something capitalist/communist, many examples could be given. He is a bitcoin hater, and anyone who thinks bitcoin is a ponzi or a bubble would be a bad person as well, there is no in between, if you like bitcoin you like bitcoin, if you dislike bitcoin you dislike bitcoin, there is no in between zone here, this is why I do not believe people who say these type of things.

If you really want to prove that you do not hate bitcoin, do not say something that shows your ignorance when you are criticizing bitcoin, as simple as that. Isn't there anything to say about bitcoin that is bad? There is, but it is no ponzi nor bubble.

[Stalker22]

He is a bitcoin hater...

I would not give him such an elevated status. He's dumbass. It's simple as that.

@rc4739, Bitcoin has already been called a bubble on many occasions, and your claims have been proved wrong, so good luck with whatever you're trying.

[acener]

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?

I would only invest my extra money on it I would prioritize our needs before investment to secure my family is living comfortably.
I don't really know what to call you, You claim that you aren't Bitcoin Hater but your words are contradicting it.

[DeathAngel]

Bubbles don’t inflate, deflate & inflate again multiple times. I don’t think you know what a bubble is OP, in investment/asset terms.

Do yourself a favour, buy bitcoin & HODL. There is nothing better to invest in.

[forestx]

of course its a bubble. It was a bubble back in 2017 and in 2013
It is doing what is always does. It will rally to some point then crash down 80% before going up again
That doesn't mean there isn't money to be made

I have been a conservative investor over the last 4 years. Too much so and I have learned alot. I am unlikely to make life changing money this cycle but am planning long term I will be here in 2025

[blckhawk]

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?

You don't actually need to have 1 Bitcoin because having a small fraction of it will do, it could still be profitable as you hold it for a longer time. Upon buying Bitcoin do bear in mind that you should only invest the money that you can afford to lose, you don't need to all in because that would pretty much risk to take. A lot of newcomers overwhelmed with the current price of Bitcoin leading them to skip entering but they didn't know that Bitcoin could even grow more than that as a matter of fact it is expected to have at least 6 digits before this year ends and that is the opportunity they shouldn't miss.

[ultrloa]

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?

You don't actually need to have 1 Bitcoin because having a small fraction of it will do, it could still be profitable as you hold it for a longer time. Upon buying Bitcoin do bear in mind that you should only invest the money that you can afford to lose, you don't need to all in because that would pretty much risk to take. A lot of newcomers overwhelmed with the current price of Bitcoin leading them to skip entering but they didn't know that Bitcoin could even grow more than that as a matter of fact it is expected to have at least 6 digits before this year ends and that is the opportunity they shouldn't miss.

Many think that they are late as the price of bitcoin are much expensive compare before but actually any decent amount will do its magic if this is proper handled by the investor itself. Maybe those skipping doesn't really have budget to risk since not everyone can afford to buy even small fractions since even the fee is so high thats why its good to have a proper capital preparation before entering since if you bring small amount which cannot back you up when you are slowly losing well you could lose all your money for that scenarios.

[dezoel]

Anyone who has ever seen any market would know that bubble is only a bubble if people make it to be a bubble. If people keep buying it is not a bubble, if people start crash selling then it is a bubble. Bubble is not something that happens overnight because there is a technical situation.

Plus, all the historical bubbles had a mathematical "can't continue like this" situation, which we do not have, we can continue for a long time, actually it doesn't take a single cent to keep the price here, even if nobody buys, as long as nobody sells it stays here, zero trades means it will stay here, so mathematically it is the same. Tulip bubble burst because people gave houses for a tulip bulb, that didn't make sense, house crisis happened because people took 3x more loans on their houses than it worth, why would bitcoin be anything like that? It doesn't make sense.

[Dr.Osh]

but I still call it a huge bubble

not to hurt your feelings, but there are big people who also say this, and a lot of people don't care about it because it's growing.
however, if you wanted to cover this from the start, then it would be a very long story. The conclusion is, if you want to take advantage of it, you only need to think about the strategy you are going to adopt, and if not, then you will just need to see this thing continue to develop.

[aioc]

After reading all those reply in this forum

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?



P.S.   I am not a bitcoin hater

I Respect  Satoshi  and all the early pioneer to promote bitcoin to the mass
all their effort and all the early adaptor of bitcoin

Thank You

I can accept your apology but not your ignorance, it's been ten years in the early days of Bitcoin on their first to sixth years people are calling it to bubble to a Ponzi Scheme but nothing came out of this and the community and the technology prove these unbelievers wrong, obviously you just came here thinking of your own and doing your nonsense analysis, when all the proves are open for you to read and analyze that Bitcoin is a technology that will continue.

[irsykes]

I think as long each people prepared, i mean i am not agree about people who said that bitcoin is huge bubble because it is already long time for bitcoin's existence in this world. But maybe good moment will not always happen and in this business we must be prepared for the worst too.

[Sled]

No one force you to do that nor you are forced to trust crypto as many people like you think negatively towards crypto and especially for Bitcoin.
It is a YES and NO, and it's up to us to what we call Bitcoin a bubble or not, at least we are enjoying it and we get some benefits.

Preparation is a part of crypto adoption and we are so much aware of that since we know about its volatility feature. It dumps now and might it pumps by tomorrow. That is how the market showed to us and whether we like or not, that would we have to experience 

[wxa7115]

Even if bitcoin is a bubble and explode at a high price, bitcoin will survive in any situations. But bitcoin is not a Ponzi, and only people who can not profit from bitcoin will call bitcoin a Ponzi.
If they know what bitcoin can give to them, they will not say bitcoin is a Ponzi.
If you ask me how much money I am willing to use to buy bitcoin, I will be going to buy bitcoin no matter if that means I can only buy it for a small amount because I believe that bitcoin is really worth it for you and me.
So that will depend on yourself, how much money you will use to buy bitcoin and how long you will buy bitcoin.

The OP should just stop rushing to make judgements about stuff he does not even comprehend, at first he thought bitcoin was a Ponzi when it is obvious bitcoin does not fit the definition as there is technically no one organizing bitcoin at all as the project is already outside of the hands of satoshi and he has no control over it.

Then he calls bitcoin a bubble, and I have no problems admitting that sometimes the price can go up in irrational ways which roughly describes what a bubble is about, however if you take the time to look at other important technological developments you will see they follow a pattern similar to bitcoin, which indicates bitcoin itself is not a bubble but a major technology that will change our lives.

[bitgolden]

it's up to us to what we call Bitcoin a bubble or not, at least we are enjoying it and we get some benefits.

People who are enjoying the ride of bitcoin markets will never dare to mark it ponzi nor bubble. I like to suggest those people to go and refer what are the things will mark one system as ponzi or bubble and how far bitcoin market is doing great from those things. I guess these are the things from hater who missed all the opportunities offered by bitcoins. Bitcoin is a pure decentralization and adopting it or ignoring it will be purely individual's decisions but people who decided to adopt are enjoying life changing benefits.

[SaShiRaJaVu]

I guess these are the things from hater who missed all the opportunities offered by bitcoins. Bitcoin is a pure decentralization and adopting it or ignoring it will be purely individual's decisions but people who decided to adopt are enjoying life changing benefits.

When you miss an investment opportunity and when you are in two minds whether to invest in it and just then the market moves up without holding back then you will piss off many as they missed the opportunity and it is normal. As users mentioned above a bubble will go up and then dumps hard and we will never see them rising again but that is not the situation with bitcoin and all you need to do is to look at the available charts.

[Lanatsa]

I guess these are the things from hater who missed all the opportunities offered by bitcoins. Bitcoin is a pure decentralization and adopting it or ignoring it will be purely individual's decisions but people who decided to adopt are enjoying life changing benefits.

When you miss an investment opportunity and when you are in two minds whether to invest in it and just then the market moves up without holding back then you will piss off many as they missed the opportunity and it is normal. As users mentioned above a bubble will go up and then dumps hard and we will never see them rising again but that is not the situation with bitcoin and all you need to do is to look at the available charts.

Its normal that people would really be looking for something to be blamed when they do missed out opportunities which it isn't something new.

We do have that kind of behavior as a human being that's why having those wrong perceptions would just remain neither be right or wrong and if you do say up things

without prior in depth research then you would really be looked like a fool into others eyes who do knows more than you.

[Shasha80]

of course its a bubble. It was a bubble back in 2017 and in 2013
It is doing what is always does. It will rally to some point then crash down 80% before going up again
That doesn't mean there isn't money to be made

I have been a conservative investor over the last 4 years. Too much so and I have learned alot. I am unlikely to make life changing money this cycle but am planning long term I will be here in 2025

You can't call yourself an investor, but you can call yourself a buyer without knowledge and experience, you just a person who doesn't know about Bitcoin, If people know about the technology behind Bitcoin and cryptocurrency they will not say it's a bubble, go to Wikipedia and read and learn about what bubble is.

Bitcoin is a future digital asset and no bubbles

It is true that people who have no knowledge and experience will not understand Bitcoin, whereas if we really understand Bitcoin and have
experience investing in Bitcoin, we will not say Bitcoin bubble. This is the importance of learning first before deciding to invest in Bitcoin,
so really understand what we are buying. Most people buy Bitcoin because of the hype, even though Bitcoin is an asset with a bright future.
It would be impossible if the Bitcoin bubble had many institutions buy Bitcoin in very large quantities.

[Saisher]

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?

If you don't have money to buy at that level, then don't stop people from buying, don't question people if they want to buy, they believe in this technology and they have the means, in the past, some newbies and unbelievers are questioning if people can and willing to buy Bitcoin at $20k or $25k, but look at what happened in the market, they bought they made a profit and continue buying.

[doomloop]

in the past, some newbies and unbelievers are questioning if people can and willing to buy Bitcoin at $20k or $25k, but look at what happened in the market, they bought they made a profit and continue buying.

Yes, people need to be positive and must try to sync along with the current trend of bitcoin markets. You may have doubts about other cryptocurrencies but there will be no point if you still keep doubting about the future of bitcoins. We must make use of all possible dips to buy more and I guess from here onward we may rarely get chances for grabbing lower prices.

As per OP, bitcoin may be a bubble but for the people who believe into the all potential of bitcoins, bitcoin's so far growth is real growth in ratio with bitcoin's power and potential. So, we may continue investing with bitcoin without hesitations.

[el kaka22]

As per OP, bitcoin may be a bubble but for the people who believe into the all potential of bitcoins, bitcoin's so far growth is real growth in ratio with bitcoin's power and potential. So, we may continue investing with bitcoin without hesitations.

Yeah, anyone who thinks bitcoin is a ponzi or a bubble would be kidding themselves. I mean think about it there is really nothing that would be even remotely close to that, these things do not just go up, bitcoin goes down a lot as well, it is finances. If you think something that constantly goes up is a bubble, what are we going to say about stock market? Have you seen how much it increased in the last 10 years? Even in the pandemic period?

There are so many stocks that went 2x even more during pandemic, look at amazon and tesla, they are ballooned up. Are they bubbles as well? If the whole stock market is a bubble that has been going on for over 100 years, then I think it is going to be fine for me that bitcoin is a bubble like that, because that bubble has been going on for over century so let bitcoin be over a century year old and I will be dead anyway.

[Mahanton]

in the past, some newbies and unbelievers are questioning if people can and willing to buy Bitcoin at $20k or $25k, but look at what happened in the market, they bought they made a profit and continue buying.

Yes, people need to be positive and must try to sync along with the current trend of bitcoin markets. You may have doubts about other cryptocurrencies but there will be no point if you still keep doubting about the future of bitcoins. We must make use of all possible dips to buy more and I guess from here onward we may rarely get chances for grabbing lower prices.

As per OP, bitcoin may be a bubble but for the people who believe into the all potential of bitcoins, bitcoin's so far growth is real growth in ratio with bitcoin's power and potential. So, we may continue investing with bitcoin without hesitations.

We do have different impressions towards bitcoin and i cant blame out some people who do have negative views towards it but sooner or later they would really realize
on what are the things that they can discover once they had decided to study even more about bitcoin and later they would change their views and might even
support way more unlike before.These words are typically into those people who havent made out some research yet and make out conclusions without
even trying to look on whats the actual thing is happening.

[wxa7115]

As per OP, bitcoin may be a bubble but for the people who believe into the all potential of bitcoins, bitcoin's so far growth is real growth in ratio with bitcoin's power and potential. So, we may continue investing with bitcoin without hesitations.

Yeah, anyone who thinks bitcoin is a ponzi or a bubble would be kidding themselves. I mean think about it there is really nothing that would be even remotely close to that, these things do not just go up, bitcoin goes down a lot as well, it is finances. If you think something that constantly goes up is a bubble, what are we going to say about stock market? Have you seen how much it increased in the last 10 years? Even in the pandemic period?

There are so many stocks that went 2x even more during pandemic, look at amazon and tesla, they are ballooned up. Are they bubbles as well? If the whole stock market is a bubble that has been going on for over 100 years, then I think it is going to be fine for me that bitcoin is a bubble like that, because that bubble has been going on for over century so let bitcoin be over a century year old and I will be dead anyway.

Bitcoin has been compared many times to the Tulip mania and this is a comparison that opponents of bitcoin like to make and yet they do not realize the differences between the two and that this demonstrates that bitcoin is not a bubble, Tulips had no utility which meant that all the price increase that we saw was fueled by speculation and the hope that someone else will pay more for their tulip bulbs.

Bitcoin is a technology that offers something that did not existed before and offers freedom in a world where that freedom is under threat every single day and as such bitcoin is a valuable asset, can bitcoin develop bubbles? Yes, is bitcoin a bubble? No, because unlike tulips bitcoin is useful and its value derives from that usefulness and the more people adopt it the more useful it becomes increasing its value accordingly.

[FanEagle]

Bitcoin is a technology that offers something that did not existed before and offers freedom in a world where that freedom is under threat every single day and as such bitcoin is a valuable asset, can bitcoin develop bubbles? Yes, is bitcoin a bubble? No, because unlike tulips bitcoin is useful and its value derives from that usefulness and the more people adopt it the more useful it becomes increasing its value accordingly.

Yeah, bitcoin must be an all-new system which hasn't been experienced by human never before hence its growth as well at never seen pace and level. People who understand these never call bitcoin's value appreciations as bubble. But for the people who just see bitcoin like another stock or asset might lead to assume like it is growing for no reason and may get burst at any time; but when they start learning about bitcoins then they will definitely change their view.

I read somewhere that 2017's rise was up to the level of bubble like the actual growth for bitcoin in 2017 should be like up to 10k and anything beyond that in 2017 was bubble. Still, I am not ready to accept that because, in some calculation grows 100x from previous cycle's low and that way 19k in 2017 was not a bubble and still deserved growth by 2nd halving.

[carlfebz2]

As per OP, bitcoin may be a bubble but for the people who believe into the all potential of bitcoins, bitcoin's so far growth is real growth in ratio with bitcoin's power and potential. So, we may continue investing with bitcoin without hesitations.

Yeah, anyone who thinks bitcoin is a ponzi or a bubble would be kidding themselves. I mean think about it there is really nothing that would be even remotely close to that, these things do not just go up, bitcoin goes down a lot as well, it is finances. If you think something that constantly goes up is a bubble, what are we going to say about stock market? Have you seen how much it increased in the last 10 years? Even in the pandemic period?

There are so many stocks that went 2x even more during pandemic, look at amazon and tesla, they are ballooned up. Are they bubbles as well? If the whole stock market is a bubble that has been going on for over 100 years, then I think it is going to be fine for me that bitcoin is a bubble like that, because that bubble has been going on for over century so let bitcoin be over a century year old and I will be dead anyway.

Making out some comparison in talks of price increase then we can't really compare between stocks and crypto because the price volatility is already a big difference even though stocks had some nice increase but its incomparable with Bitcoin.

There are people who do have their own view on bitcoin if he sees that it is a bubble then let him be because he's the only one would miss out oppportunity if the market do rises up even more.

He can call bubble all he want but this bubble would really exist in future years to come unlike with other bubbles thay do only last for months

[STT]

Tulips have a utility just the price was wrong is the counter to that argument.   Tulips still exist and they flower after every year once planted for many decades afterwards, thats a high yield item that does justify some kind of investment.   However the price got out of control and perhaps we need to learn better what triggered that inaccuracy at that time especially.
   Bitcoin right now does have a utility to it, every big voice criticizing it seems to forget their own self bias which is that they dont need Bitcoin but that doesn't invalidate it.  Invariably the guy on national news is someone rich enough to span multiple countries, have many companies, currencies much utility under their command and can choose to patronize whichever economy they like in the world so no wonder they say this isnt needed or gold does it better or whatever negative conclusion they draw.
   Im not going to argue especially just its quite obvious when people look at dollar & notice its failed in some way but then decide how best to avoid that failure, the market takes its own path like a winding river its not binded to any persons perspective or choices its a collective market and doesn't belong to anyone.     We forgot what a free market is I think, we live for many years now when all currency and trade is limited by red tape and constant debasement of money printing and all kinds of stimulus type measures.   I dont think we recognize capitalism anymore because its a stranger to us now.

[JimboToronto]

https://www.youtube.com/watch?v=A7TuFy0fcuw

[Kittygalore]

There was a signature that I have read in this forum although I have forgotten who was the user that had that but in it it says that "Bitcoin is not a bubble, it is the pin." Which is pretty profound in my opinion but you get the gist of it, it is the one that will pop the biggest bubble which is the current financial sector.

[wxa7115]

Bitcoin is a technology that offers something that did not existed before and offers freedom in a world where that freedom is under threat every single day and as such bitcoin is a valuable asset, can bitcoin develop bubbles? Yes, is bitcoin a bubble? No, because unlike tulips bitcoin is useful and its value derives from that usefulness and the more people adopt it the more useful it becomes increasing its value accordingly.

Yeah, bitcoin must be an all-new system which hasn't been experienced by human never before hence its growth as well at never seen pace and level. People who understand these never call bitcoin's value appreciations as bubble. But for the people who just see bitcoin like another stock or asset might lead to assume like it is growing for no reason and may get burst at any time; but when they start learning about bitcoins then they will definitely change their view.

I read somewhere that 2017's rise was up to the level of bubble like the actual growth for bitcoin in 2017 should be like up to 10k and anything beyond that in 2017 was bubble. Still, I am not ready to accept that because, in some calculation grows 100x from previous cycle's low and that way 19k in 2017 was not a bubble and still deserved growth by 2nd halving.

Many times it can be very difficult to tell whether something is a bubble or not, in my opinion bitcoin should have had a value of one million dollars for each coin the moment satoshi created bitcoin, if we use that kind of logic then bitcoin has never been in a bubble and in fact it is still undervalued.

However if we use the classic definition of a bubble then I think that what we saw in 2017 fits the definition but at the end of the day that doesn't matter, what matters is that the technology behind bitcoin is rock solid and that if there was some way for governments to take over the network they would have done so already because each day that passes in which they do not do this bitcoin becomes better, stronger and more popular, and that is something that no government wants, as a currency that is completely independent from their own control is bad news for them.

[Mahanton]

There was a signature that I have read in this forum although I have forgotten who was the user that had that but in it it says that "Bitcoin is not a bubble, it is the pin." Which is pretty profound in my opinion but you get the gist of it, it is the one that will pop the biggest bubble which is the current financial sector.

It does have some point though but i dont really believe that Bitcoin could really be the pin on bursting out the current financial sector.Im not saying that it doesnt have the potential
but it seems this thing wont really be happening no matter how bitcoin would really be progressing into the future.Its really hard to think off on the current financial sector
where we do rely since from the beginning of time.I cant really blame people to call bitcoin as a bubble since we do have our own views and jurisdictions when it comes
to certain things but somehow theyll realize that theyre wrong about this kind of perceptions and would say the opposite thing in the future.

[Slow death]

again this type of subject, when the price was $10,000 I heard something similar, when the price was $3100 I also heard something similar, and I even heard that the price could not reach $30,000 and today the price is $54000 with great potential to reach more than $75,000 within this year, the demand that bitcoin is having and the fact that few people are selling makes this current price a justifiable price. market sentiment is very optimistic, this means that you should be prepared to see another big price increase

[rahmatrf331]

After reading all those reply in this forum

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?



P.S.   I am not a bitcoin hater

I Respect  Satoshi  and all the early pioneer to promote bitcoin to the mass
all their effort and all the early adaptor of bitcoin

Thank You

Bitcoin does not look like a ponzi, but rather a personal and standalone form of investment.
Bitcoin is already an investment in the digital world that is already on the top of the largest exchange.
If the value of bitcoin has reached $ 64,000 and looks very high, that is a very relative value because investing is already the largest business in the world.

[Kong Hey Pakboy]

again this type of subject, when the price was $10,000 I heard something similar, when the price was $3100 I also heard something similar, and I even heard that the price could not reach $30,000 and today the price is $54000 with great potential to reach more than $75,000 within this year, the demand that bitcoin is having and the fact that few people are selling makes this current price a justifiable price. market sentiment is very optimistic, this means that you should be prepared to see another big price increase

This topic will never end to be honest and with bitcoin proving that it can do it's job, I think that they are fighting a battle of attrition that they aren't going to win. For people that don't have faith in bitcoin, I always tell them to lay off because what's the point of spreading FUD about something when you know that people aren't going to listen to you.

[sarmrakib]

please accept my apology for calling bitcoin a ponzi scheme

but I still call it a huge bubble

It may be the best investment vehicle in our lifetime

but at over 64K a piece

how much money do you willing to spare to buy bitcoin?

If you don't have money to buy at that level, then don't stop people from buying, don't question people if they want to buy, they believe in this technology and they have the means, in the past, some newbies and unbelievers are questioning if people can and willing to buy Bitcoin at $20k or $25k, but look at what happened in the market, they bought they made a profit and continue buying.

I think he just shared his thought and also he don't have much idea behind that. However i have the great example who have just changed his life by investing on btc. If he has any idea about stock or forex market there are always an ups and downs roll on the market So can we tell it bubble??  no, so invest on crypto wisely you will get profited for sure.

[Smitty Werben Man Jensen]

since 2017 Bitcoin has been called a bubble by financial experts, and there was a bubble at the end of 2017 Bitcoin reached its highest price of more than $ 20k,
and broke in early 2018 to 2020, and now the Bitcoin price is also experiencing a bubble again until the bitcoin price is above $ 60k Either,
whether $ 60k is the peak of the bubble or it's still going up, hopefully it won't burst again.

[JimboToronto]

since 2017 Bitcoin has been called a bubble by financial experts...

It was called a bubble long before 2017.

Why are so many people fixated on 2017? It was just another in a long string of "bubbles".

[FanEagle]

And ever since this topic was created we are still in a great rise, bitcoin rises, altcoins rises, hell even dogecoin broke over 67 cents, I don't get how that happened but it happened. Which is why I always say that do not listen to people who do not know what they are talking about, they are just contrarians who want to get attention they can't anywhere else and that’s it. Market doesn't agree with this notion, we all believe that bitcoin is still in bull run, it is evident from the purchasing and buying of coins right now where people are still buying a ton of them.

This is why I do not think that we should be worried about if it is a ponzi or a bubble, it was always obvious that it is not a ponzi, it was clear from the start, ponzi is something totally different, but it is also obvious that it is not a bubble neither because it actually is valuable to many.