Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Rabia on August 22, 2018, 10:45:29 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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It's not should be said so since bitcoin has world power as mother of cryptocurriences.
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every investment tool on the market is balloon, in fact, the prelude dose, which applies to the entire monetary system, for real estate industry or other real investment tools. We've been through this many times.
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I do not think it's a balloon
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I also don't expect Bitcoin to be a bubble or not. What is clear now is the price of all coins, especially Bitcoin, tends to fall and continue to fall every week. I don't know what the cause is, what is clear is that this is very worrying for Bitcoin Investors, especially myself.
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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 now I would not say that bitcoin is going to pop in sooner time, cause of it is just in the beginning, people are investing huge money in it with expectation to get even huger money from that investment.
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It's not should be said so since bitcoin has world power as mother of cryptocurriences.
The value of it relies clearly on the blockchain, a fantastic technology. IMO Bitcoin price will continue to rise, until at least the end of 2018.
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every investment tool on the market is balloon, in fact, the prelude dose, which applies to the entire monetary system, for real estate industry or other real investment tools. We've been through this many times.
It is true that bitcoin price has rose by over 10x within this year which is quite hard to believe but that growth was backed by real adoption of bitcoin technology
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I do not think it's a balloon
Bitcoin is not a bubble. Bitcoin is the currency of the virtual world. On wall Street do not understand.
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I also don't expect Bitcoin to be a bubble or not. What is clear now is the price of all coins, especially Bitcoin, tends to fall and continue to fall every week. I don't know what the cause is, what is clear is that this is very worrying for Bitcoin Investors, especially myself.
This is when demand of bitcoin will drop and so will the price. A lot of people were excited when bitcoin hit 10k as it goes on people will forget about it as it seems too hard to get into as an investment.
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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?
The possibility of Bitcoin being not a bubble is its stabilized price. It doesn't reach zero and its blockchain technology and decentralization concept sure has its price.
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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 real and has its own value that you can really trust to invest in any time and terms you like to invest.
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I don't think bitcoin is just a bubble because since from the time it was created, it has already a value and was used as payment. Year after year bitcoin value is increasing until now, which is already 6.2KUSD. And it is almost 10 years that bitcoin always proves to everyone that it exist not just like a bubble. Though how many times it dipped but still it can recover.
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I don't think bitcoin is only a balloon in light of the fact that since from the time it was made, it has as of now an esteem and was utilized as installment.Nowadays Samsung allows to buy their products using Bitcoin in some countries. After a seemingly endless amount of time bitcoin esteem is expanding as of not long ago, which is now around 6.2KUSD(approximate).It is right around 10 years that bitcoin dependably demonstrates to everybody that it exist not simply like an balloon. Despite the fact that how frequently it plunged yet at the same time it can recuperate.
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I also think the same thing for the past month, because the price of bitcoin still doesn't rise. There is a sense of worry if someday bitcoin will explode and have no future. Because I see the current market is always red and still red.
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Though bitcoib nowadays is still at its low price, we cannot say it is a bubble. There are lots of people being helped by bitcoin. Lots of them are becoming or became rich.
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No, Bitcoin is really a true digital currency and many people already becomes rich through investing on it.
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it is almost 10 years that bitcoin always proves to everyone that it exist not just like a bubble. Though how many times it dipped but still it can recover.
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Actually the decline in the price of Bitcoin is due to how many Bitcoin holders sell their coins on a large scale and are carried out together in a period of approximately 6 months. That is what causes the current Bitcoin price to drop. But don't panic, because now Crypto starts to rise slowly and returns Investor's confidence in Crypto.
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Indeed, if viewed from the economic side of a country, Bitcoin is enough to endanger the economy. It could be that many people want to use Bitcoin to transact in everyday life. While the real money that they should use as legal money is not even used. This causes economic growth in a country to decline.
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Bitcoin is really a good cryptocurrency to investment maybe some investors are afraid and they just think that it will end in few years but i strong disagree because once bitcoin will end it's the end also of crypto investment.
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I see bitcoin having a bubble. that's what makes traders at that time buy at expensive prices. but for now bitcoin has experienced a large decline.
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If we observe closely on this world how it works, Bitcoin is still on the top. It is impossible if this is just became a bubbles or to be nothing, this crypto built with the strong and brilliant ideas. If this is nothing maybe crypto world is just an imagination and it's gone by nothing. Bitcoin is true and still going strong.
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In my own opinion, bitcoin is not just a bubble. I'm very sure with that because i heard a lot of people become investors from nothing because of the good giving project of bitcoin. This is the dream of everyone who loves crypto. If this is a bubbles why a lot of legit project invest on crypto, that's the reason bitcoin is true.
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I'm not well versed in Economics, but is a traditional Fiat currency is not financial bubbles? After all, they can be issued as many as you want, controlling their money supply, and bitcoin is always a limited number, limited issue, and therefore it has such a high value and value. I think so)
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Bitcoin itself is not a bubble.This is an ordinary digital coin,which was the first among the cryptocurrency and because of this it became extremely popular.This popularity made bitcoin a financial bubble.any kind of crypto currency can become a bubble if it has the same rush demand as it was for bitcoins.Now if due to the drop in popularity on bitcoin,he does not use the same level of demand,he will again turn from a bubble in to a normal good crypto currency.So bitcoin made the bubbles themselves investors an unreasonable desire to enrich themselves by increasing its rate.
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if we see the price of bitcoin every year we can judge for ourselves, but in my personal opinion that bitcoin is indeed a bubble and even though the price is currently down I believe the price of bitcoin will rise again.
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I would fully say that Bitcoin is a bubble.
Even if the bubble is now Bitcoin is difficult to get, by way of mining Bitcoin is still difficult to get.
For mining, large costs, electricity and computer devices are needed.
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if we see the price of bitcoin every year we can judge for ourselves, but in my personal opinion that bitcoin is indeed a bubble and even though the price is currently down I believe the price of bitcoin will rise again.
Bubbles are driven by sentiment and stories, and bitcoin has a great story with a lot of mystery and spectacle to it.
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I don't think bitcoin is just a bubble, because as far as I know bitcoin has been used as a medium of exchange for some countries ..
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I think it's like that, that bitcoin is just a bubble and that it can be very profitable if we can take advantage of the right time to buy and sell.
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Bitcoin has all the properties of a financial bubble, whether someone likes it or not. Therefore, if it develops in price, the degree of risk when it is invested will increase and this must always be remembered. I think that over time its price will not be so different in price from other promising cryptocurrencies.
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I think currently we can call like that because there still a lot of volatility in Bitcoin price and many people trying to take control of this market by sell and dump Bitcoin.
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even though many bitcoin call it just a bubble, but in reality many are waiting for that moment, but bitcoin has actually been used as a medium of exchange so that they don't just see the bubble
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could really describe that as one! look at the price today compare to peevious year. its really disappointing. The market is very uncertain and could sometimes gone crazy by price so high it sometimes goes very down.