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

[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.