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...