Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: arvinabeabe on September 18, 2018, 11:47:38 AM
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Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.
Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?
Is it really just a bubble? And if it is, when is this bubble going to burst?
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Copied post from this thread. Most of the this you have posted are copied from other. Do not spam all the time. First know some thing about cryptocurrency then post here.
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I also did not believe that Bitcoin is now like this, bro. The current unstable state of the Bitcoin market has caused many people to leave and switch to some Altcoins. That is what causes the Bitcoin market to collapse every day. But there are still many Bitcoin users who believe in it.
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Bitcoin is not a bubble. Many people assume that bitcoin is a bubble because the price can drop sharply. In my opinion, the bubble if it breaks will disappear. And bitcoin, although sharply down, can prove to rise again.
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Bitcoin has risen now. So don't think about anything, bro. You should immediately buy Bitcoin or invest. Because what I see is that Bitcoin will indeed lead to high prices and become a good coin for this future. So we can only wait for that moment, bro.
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I quote here why Bitcoin is not just a bubble.
1. Decentralization
The power of bitcoin is decentralization. Bitcoin does not belong to any centralized banking system, so it is stable.
2. Supply
Delivery bitcoin is limited. The production of bitcoin becomes more difficult, and the value of the coin will grow.
3. Security
Decentralization and encryption mean that bitcoin is safe.
4. Proof of fraud
Since all transactions are recorded, the possibility of fraud is minimal and immediately monitored.
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Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.
Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?
Is it really just a bubble? And if it is, when is this bubble going to burst?
For some people they think that bitcoin is just a bubble because until now they don't know what will be the future of bitcoin.
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Bitcoin is technology and no one will be able to withstand the growth of technology. If the technology can benefit everyone, I think the technology will continue to grow. So it's not right if bitcoin is said to be a bubble just because the price is easy to rise and fall.
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Nobody can predict the BTC's future.. So it can be or now. In this situation then bubble is a joke and it won't happen because of a lot of peoples were invest their money for BTC specially the BTC whales. So it won't happen due to that.
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Anyone can say anything is a bubble but is what you think make the difference of whether is it a bubble or not a bubble.
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No, if bitcoin is a bubble then bitcoin will not survive until now, and market turmoil is normal because bitcoin is decentralized. Indeed, there are a lot of negative news about bitcoin, but you have to examine the truth of the news.
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Better do your own idea and share with us in this forum.
It is your pride if you create your own thread with your bright idea and not by others.
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Bitcoin can be said to be a big bubble right now because the market is controlled by several people. most of them do not know how to use bitcoin as an alternative to digital payments so they are speculating to make a profit. that is not the concept that satoshi expects, but this is the only way that bitcoin can be known by many people.
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Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.
Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?
Is it really just a bubble? And if it is, when is this bubble going to burst?
Hello mate, don't be disturbed by these experts or economist, we have been hearing about this kind of info or news about cryoto (bitcoin), yet, crypto (bitcion) remain unburst till this moment. I think that most of these expert or ecoomist are looking for a way to pool crypto (bitcoin) down by all means, hence they use their influence to speculate about Bitcion as been a bubble ready to burst.
Again, in my opinion, there are some of these expert that could be looking for a way to invest or are even secretly investing, unfortunately, they are at the same time trying to get public opinion about crypto.
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Its not a bubble.
Now, I understand opinions don't matter as much as being right about future events. But what is the math?
Caution: More Opinions
Bitcoin couldn't really replace national currencies because it is not robust enough. (i bet it could regardless, if not supplant every nations' currency, we'll see.)
Bitcoin is a bubble. (that never pops?)
Bitcoin according to log bitcoin is due for an adjustment. (the rally doesn't seem to agree, supply and demand)
We all speculate the future of bitcoin and it is a speculative market indeed.
I've heard folks say my bitcoin is worth too much. That's fine if you believe that then sell.
When does a speculative market become a certain market? there are no certain markets.
Is there any math or is it all opinion?
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Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.
Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?
Is it really just a bubble? And if it is, when is this bubble going to burst?
Yes I see Bitcoin is really just a bubble because bitcoin is high volatile. But I believe bitcoin will be more stable at the future.
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Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.
Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?
Is it really just a bubble? And if it is, when is this bubble going to burst?
Yes I see bitcoin is high volatile. It is really just a bubble. But I always believe It will be more stable at the next year. Because Bitcoin has potential to grow.
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Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.
Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?
Is it really just a bubble? And if it is, when is this bubble going to burst?
Yes I see for now bitcoin is really just a bubble. It is normal. It is good for trading. You will get benefits from it.
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Bitcoin is not Bubble, if the bubble is once the price is high then the price is immediately lost.
If the price reduction is like now, because Bitcoin enthusiasts are decreasing and it's natural in cryptocurrency.
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Indeed, we in Bitcoin often hear and read that Bitcoin is a bubble. But if it is seen that is true like that. I myself don't know why this bitcoin bubble can happen. What is clear is that it threatens the condition of Bitcoin because of reduced market prices and automatic Bitcoin will begin to be abandoned. Hopefully Bitcoin will not be long in the bubble and immediately explodes.
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Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.
Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?
Is it really just a bubble? And if it is, when is this bubble going to burst?
No Bitcoin is not a bubble. The high volatile of crypto currency is normal. I have gotten alot benefits from it.
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Bitcoin wasn't a buble, but it seemed to have a high price.In my opinion prices have now landed at normal levels.These prices need to increase the confidence of bitcoin, because a stability has been achieved. The most important source of trust in the stock market is stability.
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Most people who considered Bitcoin as a bubble don't even know why so many people want to use it. All they know is some generic information which is mostly made up. Cryptocurrencies now a huge speculation but they are also a future. It might be possible that we will be paying with them in the next 5 years. Some people say that Bitcoin may reach 1 million dollars. It is possible but it's a long path, we will have to make Bitcoin better in order to reach that price.
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Bitcoin is a bubble, because no currency can have a value that even bitcoin currently has. Especially, when Bitcoin reached $ 20,000 in its value last December. We still see the consequences of this in the cryptocurrency market.
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Bitcoin is not a bubble. Many people assume that bitcoin is a bubble because the price can drop sharply. In my opinion, the bubble if it breaks will disappear. And bitcoin, although sharply down, can prove to rise again.
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I am still confused bro with the above quotation, whether bitcoin will die or will be as prosperous as last year ..
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Your stand about bitcoin is what matters for your progress. Make your perspective right toward bitcoin future. Do not be conformed to the patterns of losers mindset but let the mindset of the winners be ours too.
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It is clear that Bitcoin and other cryptocurrencies are not a bubble, and quite a lot of people are sure of this. I decided to share an interesting opinion of Suzat Fernandes CFO & Co-Founder expert on what cryptocurrencies are and why they do not bubble:
https://icobench.com/thebench-post/67-why-bitcoin-and-cryptocurrencies-are-not-a-bubble