Quote from: pinoyden on January 03, 2019, 04:13:01 AM

Quote from: aeternus on January 03, 2019, 03:51:51 AM

Quote from: Argoo on January 01, 2019, 09:35:39 AM

Yes, Bitcoin is a bubble in terms of financial relations, because it is not based on financial relations,
but on a new technology. For the means of payment this is not enough. However, no one knows what will happen to Bitcoin. He may die in a few days, or he may exist for centuries. Time will tell.

If bitcoin lasts that long then it was not a bubble, one thing that some people may miss is that when a new technology is created the volatility and the price movements are very similar to what you see in a bubble created by speculators, so I really believe that what we are seeing is something similar to that and many people which said that bitcoin is a bubble will have to recognize their mistake.

actually bitcoin already existed for nine feakin years and it is considered long enough to say that bitcoin is not really a huge bubble . people only mistaken it as a bubble because they dont consider the risk before they invest and now they loose . they know starting to blame bitcoin but actually that is thier own fault . volatility is not a bubble but rather it is only an advantage in order for us to earn good income as long as you know how to wait .

That is enough for you but not for those that keep saying that it is a bubble, something that is only 10 years old is still very young in the eyes of many especially since the technology of bitcoin is completely revolutionary and it was not like anything the world have ever seen so I can understand why some people are still not that convinced if this technology will work.

aeternus

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