Kakashi2020 Posted May 31, 2018 Share Posted May 31, 2018 Even Warren Buffet believes that Bitcoin price would reach the sky and fall to the ground but after reaching 20K last December, why didn't it hit the ground? Do you believe that Bitcoin is just a Bubble? Quote Link to comment https://slingbank.com/forums/topic/567-is-bitcoin-just-a-bubble/ Share on other sites More sharing options...
Steve5 Posted June 1, 2018 Share Posted June 1, 2018 I'm not sure what you mean. But I think bitcoin will continue to rise. It probably will keep increasing its worth even after it runs out. So much can happen with this virtual currency. Quote Link to comment https://slingbank.com/forums/topic/567-is-bitcoin-just-a-bubble/#findComment-967 Share on other sites More sharing options...
CARLOSP1 Posted July 4, 2018 Share Posted July 4, 2018 In a year, the price of Bitcoin grew more than 28 times, before falling 60% in price, this event caused much discussion about whether the market is in a bubble or not. Before we can be sure we're in a bubble, we need to look at Bitcoin's history. Bitcoin started 2011 at a price of 30 cents (US $ 0.30), rose to a dollar around February, rising to $ 10 in June and tripling to $ 30 in less than a week. The "bubble" burst a few days later, on June 11, lowering the price to $ 15 (a 50% drop, seems familiar?), Bitcoin rose again to $ 20 before dropping to $ 5. is currently the largest "bubble" of Bitcoin. Quote Link to comment https://slingbank.com/forums/topic/567-is-bitcoin-just-a-bubble/#findComment-1615 Share on other sites More sharing options...
Kakashi2020 Posted July 9, 2018 Author Share Posted July 9, 2018 On 7/4/2018 at 8:28 AM, CARLOSP1 said: In a year, the price of Bitcoin grew more than 28 times, before falling 60% in price, this event caused much discussion about whether the market is in a bubble or not. Before we can be sure we're in a bubble, we need to look at Bitcoin's history. Bitcoin started 2011 at a price of 30 cents (US $ 0.30), rose to a dollar around February, rising to $ 10 in June and tripling to $ 30 in less than a week. The "bubble" burst a few days later, on June 11, lowering the price to $ 15 (a 50% drop, seems familiar?), Bitcoin rose again to $ 20 before dropping to $ 5. is currently the largest "bubble" of Bitcoin. Considering your explanation then we could assume that a $20K December 2017 price would or could depreciate to a quarter of its high which is about $5K so that means the price of Bitcoin at present may go down further and could settle at $5K before it takes off again to a new high. Quote Link to comment https://slingbank.com/forums/topic/567-is-bitcoin-just-a-bubble/#findComment-1714 Share on other sites More sharing options...
Henrywrites Posted July 16, 2018 Share Posted July 16, 2018 Well, I doubt that the price of Bitcoin is going to fall to an all time low as we have lots of people trading on it. I am looking at that situation where it will rise after some reduction in prices. Quote Link to comment https://slingbank.com/forums/topic/567-is-bitcoin-just-a-bubble/#findComment-1836 Share on other sites More sharing options...
Marako0406 Posted July 17, 2018 Share Posted July 17, 2018 It's just a matter of time where it goes down and rises again after all, that's the trend for several years now and I bet it will continue unless some token or coin surpasses bitcoin's success. Quote Link to comment https://slingbank.com/forums/topic/567-is-bitcoin-just-a-bubble/#findComment-1859 Share on other sites More sharing options...
focusedwriter10 Posted November 3, 2018 Share Posted November 3, 2018 So far, I can confidently say Bitcoin is not a bubble. There have been so many speculations regarding Bitcoin, yet it is doing well in the market. In short, Bitcoin is here to stay. Quote Link to comment https://slingbank.com/forums/topic/567-is-bitcoin-just-a-bubble/#findComment-2325 Share on other sites More sharing options...
menchuuy58 Posted November 3, 2018 Share Posted November 3, 2018 On 5/31/2018 at 5:57 PM, Kakashi2020 said: Even Warren Buffet believes that Bitcoin price would reach the sky and fall to the ground but after reaching 20K last December, why didn't it hit the ground? Do you believe that Bitcoin is just a Bubble? I really don't know what happens to bitcoin. How i pray that it will go back to 20k. It would really be of great blessing. Quote Link to comment https://slingbank.com/forums/topic/567-is-bitcoin-just-a-bubble/#findComment-2334 Share on other sites More sharing options...
cks003 Posted November 4, 2018 Share Posted November 4, 2018 One has to see the Bitcoin beyond speculation. The trading of virtual currencies is made possible by the blockchain technology, and the application of the technology in many industries such as finance, stock trading, manufacturing, governance etc will be more important in sustaining the price of crypto currency. The technology is still at the very nascent stage and its application in other field in the future depends very much on the distribution of the technology. We have witnessed the concentration of internet in the hand of few conglomerates, which has wiped out the promises that the advent of internet could increase the transparency and power of the people. This new technology ( block chain) should not be usurped by the big companies again, and if that happens, the distributed and autonomous network could replace many products offered by the intermediaries now, and one of them is replacing fiat money with virtual currency. Quote Link to comment https://slingbank.com/forums/topic/567-is-bitcoin-just-a-bubble/#findComment-2366 Share on other sites More sharing options...
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