Will Bitcoin be the biggest bubble economy in history?

[buwaytress]

Look at it in macro view. You will see better adoption and higher highs for yearly lowest price.

You live in a more progressive society than me. I literally this year alone was almost in a conversation where people were in agreement that Bitcoin was only used by money launderers and cocaine drug lords. They were not being funny, either. They were top-of-the-line highly-qualified finance people with decades of collective experience and education. I just shrugged and said "you're right".

[Kittygalore]

If bitcoin is a bubble, then satoshi is an ambitious anarchist because countries have been considering making it a legal tender and I think that bubbles don't last for decades in any recorded history.

[DarkDays]

If bitcoin is a bubble, then satoshi is an ambitious anarchist because countries have been considering making it a legal tender and I think that bubbles don't last for decades in any recorded history.

Nicely put. With lots of governments involved there is little chance for this to be a bubble where investors, both large and small poured billions into. The phenomenon of abubble does not lat for long, while crypto has been around for nearly a decade, enough time for the bubble to burst but instead the space is getting more and more attention... that to me does not sound like an overall bubble that will pop any minute now.

[odolvlobo]

Please tell me, after you spend a few seconds to look at those charts.

Would you call Amazon, Google, Facebook stocks have biggest bubble in history, at specific time of their serious macro corrections? Are their corrections better or worst than Bitcoin corrections?

Your charts are incredibly misleading. The vertical ranges of the charts are very different:

GOOGL: 75
AMZN: 6000
FB: 20
XBT: 10,000,000

[Wind_FURY]

Look at it in macro view. You will see better adoption and higher highs for yearly lowest price.

You live in a more progressive society than me. I literally this year alone was almost in a conversation where people were in agreement that Bitcoin was only used by money launderers and cocaine drug lords. They were not being funny, either. They were top-of-the-line highly-qualified finance people with decades of collective experience and education. I just shrugged and said "you're right".

Those are actually excellent use cases for Bitcoin, and may it never be stopped from being used for moving value across countries illegaly, and for buying drugs from the dark markets. The moment the authorities can stop Bitcoin from being used for illegal activities, is the moment Bitcoin has lost its main value proposition.

[Kong Hey Pakboy]

Unless it really happens then that's when we can really call it the biggest bubble but the problem is that I think it should've popped a long time ago because a bubble can't really sustain millions of demand and the current prices but bitcoin seems to be able to do it  without a problem.

[ven7net]

The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?

In order for Bitcoin to become the main financial bubble, it needs to absorb all the funds of the US stock market at least, and possibly the funds of other stock markets in the world. But at the moment this is not happening and it all depends primarily on those countries who influence or, say, control Bitcoin. Perhaps there is such a goal, I mean for Bitcoin to absorb the funds of the US stock market and become a large bubble, but so far this whole process is slow and it will probably take another four year cycle for the crypto market to achieve this goal.

[elisabetheva]

Look at it in macro view. You will see better adoption and higher highs for yearly lowest price.

You live in a more progressive society than me. I literally this year alone was almost in a conversation where people were in agreement that Bitcoin was only used by money launderers and cocaine drug lords. They were not being funny, either. They were top-of-the-line highly-qualified finance people with decades of collective experience and education. I just shrugged and said "you're right".

Those are actually excellent use cases for Bitcoin, and may it never be stopped from being used for moving value across countries illegaly, and for buying drugs from the dark markets. The moment the authorities can stop Bitcoin from being used for illegal activities, is the moment Bitcoin has lost its main value proposition.

the main problem of not being able to be controlled and monitored, the implication is that the impact can be good and it can be bad. but the fear is that abuse, as you say, is used to pay for the sale of illegal drugs between countries where obviously no one can do anything about it.
may also be used for money laundering for corruption which will set a bad precedent in the future.
This is problematic, make there are many still many countries that do not recognize it as a legal medium of exchange.

[Kakmakr]

The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?

Where are all these Newbie Trolls coming from?

Strange how they only Cherry pick certain things and then build a fictional story around it. We have had some of the biggest bubbles in history in the Fiat markets.. " Real Estate and Stock Market Bubble / Dotcom Bubble / Housing Bubble "

Thing is.... when we comment on this nonsense, we effectively give them exposure to spread their nonsense.. because the thread is bumped... but just drop some "reality" and true facts and leave it there to air.  

https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

[CryptoStar19]

There are economists that have been calling bitcoin a bubble for a long time... when BTC is a million dollars, they will just say it's a much bigger bubble than now. ;-)

I like a bubble that keeps getting bigger and never truly pops.

[buwaytress]

You live in a more progressive society than me. I literally this year alone was almost in a conversation where people were in agreement that Bitcoin was only used by money launderers and cocaine drug lords. They were not being funny, either. They were top-of-the-line highly-qualified finance people with decades of collective experience and education. I just shrugged and said "you're right".

Those are actually excellent use cases for Bitcoin, and may it never be stopped from being used for moving value across countries illegaly, and for buying drugs from the dark markets. The moment the authorities can stop Bitcoin from being used for illegal activities, is the moment Bitcoin has lost its main value proposition.

Indeed. Use case is use case. In fact, governments trying to stop Bitcoin (I'll always remember the US sanctioning of Bitcoin addresses and how that actually led to more anon donations going to those addresses as a funny case) only proves Bitcoin's main value proposition, as you say. Marathon is only the latest to realise the folly of trying to stop/censor any part of the network.

[Fesatmas]

I will say with certainty that YES Bitcoin will become the biggest bubble in history and break records like never before.

but to get to that stage, there are many tasks that we need to do, namely by continuously promoting Bitcoin to those who are still doubtful about the existence of Bitcoin, or if possible we must make them aware of the reality of the cryptocurrency industry. do not let Bitcoin run alone, we must also participate in supporting the direction we are able to contribute.

[marilynmanson21]

I think bitcoin is not a bubble ,butBitcoin has not reached its full potential, it is still growing and based on the law of supply and demand only, where the demand is increasing but the supply of bitcoin is limited

[herurist]

What do you think, do you think Bitcoin will become the biggest bubble economy in history?

I'm not too sure, because Bitcoin is not like fiat which can easily bubble when all prices are stocked in fiat amounts. but even then it is still a gamble where Bitcoin is trying to be clashed by institutions that intentionally distract attention when high inflation occurs due to large-scale printing.

[mindrust]

The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?

What makes you think that? If bitcoin is a bubble, then everything is a bubble. Bitcoin isn't a bubble. It is a life changing technology which solves a real world problem. You are not the first dude that compared bitcoin to tulips. Totally different assets, totally different time-frames. The world needs bitcoin. Bitcoin is inevitable.

[LUCKMCFLY]

The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?

Bitcoin will never be an economic bubble, it simply does not meet the normal standards of a bubble, the bubbles were tulips and other cases, those cases their charts did not meet the normal market stages, in fact, Bitcoin meets the market stages nominal, which is the accumulation stage and the Distribution stage, so that it is a bubble when it reaches the distribution stage, it never falls back into the Accumulation stage, this is the reason that explains why if the Dollar can be the real bubble that is financed thanks to the governments of the world.

Pariculously that is my point of view, in fact for a better understanding I recommend that you read the first chapter of the book "A random walk through Wall Street" by Malkiel Burton, so you can see what the bubble patterns are like.

[LimLims]

The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?

I guess you claiming wrong info.
After the creation of BTC, it has just increased in the time period.
And the time is no far when BTC will be the one of the biggest crypto in the history.
Comparing it to the bubble economy is seriously hurting the BTC holder’s sentiments .
And regarding the asset price, no doubt BTC will be one of the best and rarest asset in the future.

[The Cryptovator]

Getting an honest review about Bitcoin from Bitcointalk is quite complicated. To be honest, we love Bitcoin, so once we love someone we believe them blindly. That's true. Listen, Bitcoin is backed by the community, not by any centralized organization, so you can't expect a sudden crash for Bitcoin. Since Bitcoin much popular due to high volatility, so pump and dump will happen always. It wouldn't consider as a bubble since we can see Bitcoin always recover from the previous position some days. The bubble has an end, but for Bitcoin, I don't think it will end. Either it would upgrade, or exist the same as it is.

[Tumanggor]

The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?

stop equating Bitcoin with the tulip bubble because it's not 'apple to apple' at all
Bitcoin has real technology as well as a strong community so the price won't crumble like a bubble

As long as the Bitcoin community stays solid and survives even though FUD attacks then there is nothing to worry about the future of Bitcoin's price
btw, a bubble asset is just an asset with no real benefits and functions

[kryptqnick]

Bitcoin already grew, exploded and then recovered from it. It's just very volatile, so sometimes the price is a little too pumped. However, I don't think it's similar to tulip mania. Tulips were just flowers that were suddenly in high demand. Bitcoin is not any material thing. It's a form of money, so when the price grows, it means that it's purchasing power is increasing. It can also be compared to long-term investment options, such as gold, that also has some price fluctuations, but nobody's talking about it being a bubble even though as a material it's not very useful.