Quote from: hicies on August 21, 2018, 11:17:22 AM

Quote from: pinot95 on August 17, 2018, 01:26:12 PM

Quote from: Nicoleaustin86 on August 14, 2018, 07:49:09 AM

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I don't think bitcoin is a bubble, if it is then it would have popped already. The volatility of the market makes it incredibly unpredictable, but todays prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.

Yes I also think that bitcoin is not a bubble, currently bitcoin price is totally depending on the increasing interest of the investors, if they will continue taking interest in bitcoin it will surely I cause the bitcoin price to increase.

How can it be a bubble when we have limited supply of bitcoin. Those bubble's in history doesn't have the luxury. Supply is not limited in case of the tulip mania, everyone can have its own tulips in their backyard. As opposed to bitcoins which has a limited supply of 21 millions only and everyone wanted to get at least 1 BTC in their lifetime. And even if it burst, sooner or later it will continue to bounce back and recovery.