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Keith700

Bitcoin is a dangerous bubble

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Bitcoin was born in January 2009, and since that date we have attended all kinds of movements ranging from rises above 1100% in a year, to 70% corrections.
Btc has allowed the development of a new ecosystem that today capitalizes above 160,000 million, now while talking about the death of bitcoin, it has not stopped advancing on its way towards a growing adoption.
It is as simple as it sounds, adopting as much btc as it always creates new bubbles in it causing its constant deflation, and this is analyzed, the fact that not only occurs with btc but with many cryptos.
Getting too excited can lead you to a very narrow line of death with btc, walking in euphoria at a top I don't think it's good for you. 

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so many people have sang this song about bitcoin bubble since it was bellow 1$, yet the markettcap keep growing and investors keep coming and crypto projects keep on going , those who are out are the ones regretting not buying at low prices.

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The financial bubbles almost always give rise to lopsided expansions in local places for relatively short period. Opposite to that bitcoin is in existence for more than ten years on global scale.

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Bitcoin is not dangerous bubble, I remember the last 2 years ago that some big names or the celebrities that they think bitcoin will go bubble, but until now bitcoin still alive. They just want to create FUD to bring down the price of bitcoin and they will buy it at cheap price. lol..

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Bitcoin has been called a bubble many times, but it just won't burst... 😁

It is a volatile asset, and this can be justified by several reasons, some of them related with the small size and youth of the market... but this does not make it a bubble... have you seen the hasrate? higher than ever, and where are the serious millions invested in hardware and power to allow that? not inside the bubble I would say... 😉

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On 10/19/2019 at 11:47 AM, Keith700 said:

Bitcoin was born in January 2009, and since that date we have attended all kinds of movements ranging from rises above 1100% in a year, to 70% corrections.
Btc has allowed the development of a new ecosystem that today capitalizes above 160,000 million, now while talking about the death of bitcoin, it has not stopped advancing on its way towards a growing adoption.
It is as simple as it sounds, adopting as much btc as it always creates new bubbles in it causing its constant deflation, and this is analyzed, the fact that not only occurs with btc but with many cryptos.
Getting too excited can lead you to a very narrow line of death with btc, walking in euphoria at a top I don't think it's good for you. 

I do not understand how come that Bitcoin become dangerous? In any angles bitcoin for me not give any danger since the time I was started here, I cannot count how many times does bitcoin helped me a lot, its been a years almost were up to I was depending all my expenses into bitcoin and crypto, therefore it is not a dangerous bubble.

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On 10/30/2019 at 6:56 PM, cryptokram said:

I do not understand how come that Bitcoin become dangerous? In any angles bitcoin for me not give any danger since the time I was started here, I cannot count how many times does bitcoin helped me a lot, its been a years almost were up to I was depending all my expenses into bitcoin and crypto, therefore it is not a dangerous bubble.

For you it is not, that is, your opinion is super subjective.
I mean in general, if you look at it from a less passionate way, Bitcoin and Blockchain are a very baby industry with little economic strength which implies that their volatility is sufficiently dangerous for any investor, every day Bitcoin is a bubble for its Lack of regulation, obviously that over the years will be corrected, but think well that, at present and financially for more deflation than the Btc, it is a bubble who likes and who does not, is the truth.

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I doubt 90% of ppl will be still here if BTC wasnt capped at 21 mill coins, they are only here for the money, not the crypto revolution and adoption, people were buying in 2017 just because they think it was going up simple as that , not for the technology behind it, even now ppl only talk about halving, ( they expect price to pump so they sell bags) this is just bad thinking about crypto.

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I don't think bitcoin is a dangerous bubble because as long as we can know how to analyze bitcoin movement and the price, it's not like what we imagine. Most people are waiting for the other people's signals so they can follow to buy or sell, but the fact that people who give the signal don't know much about bitcoin moves. But if you can analyze where the bitcoin price will move, then you will have a way to anticipate if somehow, bitcoin price makes a turn around moves. You will not panic if the price has to get down deeper or up higher.

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On 11/3/2019 at 9:07 AM, aqua said:

I don't think bitcoin is a dangerous bubble because as long as we can know how to analyze bitcoin movement and the price, it's not like what we imagine. Most people are waiting for the other people's signals so they can follow to buy or sell, but the fact that people who give the signal don't know much about bitcoin moves. But if you can analyze where the bitcoin price will move, then you will have a way to anticipate if somehow, bitcoin price makes a turn around moves. You will not panic if the price has to get down deeper or up higher.

I respect your opinion but in general it is a very dangerous bubble because of its volatility and immature levels of reaction to fundamental news, the crypto community has not yet matured enough and is demonstrated every day, just bitcoin is a growing child, it is not old and being a new asset many foolish investors stick to it in a sentimental way.

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2 hours ago, Keith700 said:

I respect your opinion but in general it is a very dangerous bubble because of its volatility and immature levels of reaction to fundamental news, the crypto community has not yet matured enough and is demonstrated every day, just bitcoin is a growing child, it is not old and being a new asset many foolish investors stick to it in a sentimental way.

That is why we need to adapt to the market, so if the market moves in some direction, we could still follow. And I think we don't have a problem with that. But most people in the crypto community cannot get the right news, and they still depend on some group which they don't know if they are good people or not. The investor itself needs to learn many things, and it's not enough for only buying and hold bitcoin only.

 

54 minutes ago, SociallyDifferentAnimal said:

Bitcoin can only be dangerous for people who are not using their common sense and will be depending a lot on hypes and FOMOs lying all around the internet on cryptocurrency. Because this is a different type of asset, we should make sure that we are following safety tips. 

Yup, we always need to learn and not panic when something bad happens because usually, that things happen to get more attention from the traders so they don't think what is the effect in the next hours, but they will do fast sell.

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On 10/30/2019 at 5:42 PM, Itsmeeek said:

Actually Bitcoin is not a dangerous bubble it increases in price slowly as time flies, the prices is only determined by the traders and not by the market

Your opinion is correct and I agree with your opinion, that bitcoin is not a dangerous bubble it's just a slow rise in bitcoin prices but the development of bitcoin is still increasing though slowly but what you say is true that prices are only determined by traders and not by the market due to price increases or which determines the rise and fall of prices depends on the trader.

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7 hours ago, SociallyDifferentAnimal said:

For sure, panicking is the best formula for disaster and this is quite true whatever situation a person can be facing and not just in cryptocurrency trading. Panicking can close our mind and can set us to a high adrenaline mood not helping us to think wisely. 

But in other people, panic will be the best time to buy or sell the coin because many people will not think clearly about what will happen next. They will do fast action related to the market, and even they will follow the market price, which is not recommended because the market price can get a high pump or dump. If they still follow the market, then they will get stuck at a high price. So we need to have calmed down first if we see the market moving fast, and we need to think first before we take action.

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On 10/30/2019 at 6:51 PM, Casinoval said:

Bitcoin is not a dangerous bubble to me, Bitcoin is too stable to be a bubble and many usage for Bitcoin now, Bitcoin now have serious support and it is doing well, bubble don't last over ten years with good trade history.

I don't think so, bitcoin is extremely volatile and it could be dangerous to many people. Bitcoin is one of the best currencies but the prices of it are very unpredictable so you just need to wait take the risk when you are investing or trading using bitcoin. That's what i think. 

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I've heard this word alot of times,there's still a long way to run for Bitcoin as a tool for making traders earn profits and promoters earn bitcoins.Acceptance in Bitcoin is not bad at all,this serves as a helping tool for everyone who get involved in cryptoworld even if it's price is unpredictable we can still earn profit from it.

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On 11/17/2019 at 12:48 AM, CryptoMoney said:

Bitcoin is dangerous because it is risky because the market is volatile. If you properly invest in it you will gain so much.

I think bitcoin investment is not dangerous for us because bitcoin is giving us alot of profit when we invest it on the right time and if the bitcoin price was stable then getting profit will be impossible for us.


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Indeed, out there many investment experts warn of the high risk of price fluctuations. if investing in Bitcoin, Because the price of Bitcoin is not regulated, only market prices determine (supply and demand), the more people investing only interested in high prices, the greater the tendency to form a bubble and one day it will erupt and cause huge losses for Bitcoin investor.

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miners essentially mine BTC with a negative profit rate, their equipment maintenance costs are more expensive than buying btc on the exchange

8 minutes ago, shayekh said:

Bitcoin is a 'hazardous theoretical air pocket,' Yale master says. With the cost of bitcoin advancing toward $12,000, a top financial expert on Tuesday sent a distinct admonition to speculators: The digital currency is in a "hazardous theoretical air pocket." ... What's more, bitcoin is the most vertical of any example I've at any point found in my profession," he added.With the cost of bitcoin advancing toward $12,000, a top financial analyst on Tuesday sent an unmistakable admonition to speculators: The digital money is in a "hazardous theoretical air pocket." 

 

"This is a poisonous idea for speculators," said Stephen Insect, Yale College senior individual and the previous Asia director and boss market analyst at venture bank Morgan Stanley. 

 

Cockroach, portrayed by Yale as one of Money Road's most persuasive financial analysts, spent the heft of his 30-year vocation at Morgan Stanley heading up an exceptionally respected group of market analysts around the globe.

the earth is also a sphere and we still don’t know what is inside it, many even now claim that it is empty, others that it is flat. so with btc the economist’s brain cannot calculate what the programmer intended

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Yepp i think Bitcoin now like bubble.

But for me i believe in Bitcoin is a new way to make crypto as currency in the future. If we see the price is really bleeding now, but when going up can like crazy also. I think that is normal, because who trading in Bitcoin also altcoin is real person, who need find a way to making profit from Bitcoin, where the price can't controlled by government.

If we stocks that is also bubble, but they controlled by government, so when the price going upnormal, the exchanges will shutdown that stock pair. Your money maybe can freeze because that.

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4 minutes ago, febriyana said:

Yepp i think Bitcoin now like bubble.

But for me i believe in Bitcoin is a new way to make crypto as currency in the future. If we see the price is really bleeding now, but when going up can like crazy also. I think that is normal, because who trading in Bitcoin also altcoin is real person, who need find a way to making profit from Bitcoin, where the price can't controlled by government.

If we stocks that is also bubble, but they controlled by government, so when the price going upnormal, the exchanges will shutdown that stock pair. Your money maybe can freeze because that.

For me, I don't think bitcoin now is like a bubble. Although the price is up and down many times, it is normal because people buy and sell bitcoin so they can make a profit. If we can accept and understand that bitcoin price will always up and down, then we don't have to worry if bitcoin moves from higher price to lower price because, in the end, bitcoin price will be back at the higher price. So we should try hard to keep making money from bitcoin no matter if bitcoin price is like that because actually, we have a chance to make those profit.

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On 19.10.2019 at 07:47, Keith700 said:

Bitcoin was born in January 2009, and since that date we have attended all kinds of movements ranging from rises above 1100% in a year, to 70% corrections.
Btc has allowed the development of a new ecosystem that today capitalizes above 160,000 million, now while talking about the death of bitcoin, it has not stopped advancing on its way towards a growing adoption.
It is as simple as it sounds, adopting as much btc as it always creates new bubbles in it causing its constant deflation, and this is analyzed, the fact that not only occurs with btc but with many cryptos.
Getting too excited can lead you to a very narrow line of death with btc, walking in euphoria at a top I don't think it's good for you. 

I admit the thought. Now it is difficult that say. But my opinion is that even if it's a bubble that will burst, he did not immediately and.gradually and not now and then be obtained as the last block.

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The bubble scheme is true, we can see a variety of ups and downs that are very fast and also quite far in the previous periods, but I think that's the nature of crypto pasa which is volatile and decentralized besides the most important thing is the technology behind it, the blockchain.

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On 10/31/2019 at 6:56 AM, cryptokram said:

I do not understand how come that Bitcoin become dangerous? In any angles bitcoin for me not give any danger since the time I was started here, I cannot count how many times does bitcoin helped me a lot, its been a years almost were up to I was depending all my expenses into bitcoin and crypto, therefore it is not a dangerous bubble.

Neither do I. Bitcoin helps a lot of individuals in living most specifically, of earning money. It could be solution for poverty rates of different countries somehow. 

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On 12/3/2019 at 1:13 PM, myaccount1 said:

I think bitcoin investment is not dangerous for us because bitcoin is giving us alot of profit when we invest it on the right time and if the bitcoin price was stable then getting profit will be impossible for us.

yea for those of us who know how to trade then bitcoin is not dangerous but there are a lot fo stories about people who lost millions in the crypto market and other who went broke in it, some people make profits and others lose money.

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On 10/19/2019 at 10:47 AM, Keith700 said:

Bitcoin was born in January 2009, and since that date we have attended all kinds of movements ranging from rises above 1100% in a year, to 70% corrections.
Btc has allowed the development of a new ecosystem that today capitalizes above 160,000 million, now while talking about the death of bitcoin, it has not stopped advancing on its way towards a growing adoption.
It is as simple as it sounds, adopting as much btc as it always creates new bubbles in it causing its constant deflation, and this is analyzed, the fact that not only occurs with btc but with many cryptos.
Getting too excited can lead you to a very narrow line of death with btc, walking in euphoria at a top I don't think it's good for you. 

A bubble is related to price manipulation. Bitcoin's price is lifted by demand. Some people want to use bitcoin to send payment, and others want to hold investment.
Some people are not aware that there is an attempt to drop bitcoin. The attempt induced by something that has more value than their own. This is natural because they want to protect their assets and market share.

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