Bitcoin Forum

Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.

The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.

A bubble is when the price of something is far higher than the fundamental value.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

Bitcoin price is not a bubble as it justifies its value and ready to change revolution in world's market Platform.

Why does it justify its value ? - show me your calculation model where you calculate the value

Fiat currency that used to measure BTC values is in a bubble and already bursting and imploding as indicated by the parabolic rise of BTC values against it, 1 USD is actually worth only 4 cents and probably by now its already fall below 1 cent, still it is valued at $1 which is more than 100 times its fundamental values

it is not a bubble only because the price is purely based on speculation and what other people are thinking about it. If people think that it is crap and they do not want to invest on it, the price will go literally to zero in just a few minutes.

That sentence literally makes no sense. And you have not answered the question - prove that Bitcoin has any value. You do what Bitcoins fans tend to do when asked a hard question - start talking about something else in vague terms.

That is precisely the definition of a bubble !

We don't need to prove anything.
 If you don't like Bitcoin, then find another forum, but don't come crying to us when your dollars go the way of the Bolivar. :)

100 people 100 opinions to prove anything to anyone is not necessary. Everyone chooses how to be

think about it this way: if you could own a share of the TCP/IP protocol would you do it ?? bitcoin and all other big blockchain technologies are just that; technologies you are buying the foundation and the land where MCdonalds or Apple will build a store on.

This is not because we decided it was in the sark tank, but who decided the stability of the bitcoin or it was just a bubble. So hard to say bitcoin is not a bubble.

Why do we need to prove that bitcoin is not a bubble? You can always see it in the value of bitcoin that even if it drops it doesn't drop a terrible crash, it is only a correction and you can not say that it will not give you future payments because the value is what you have to see to believe in it, and I think that there is a bubble inside bitcoin but bitcoin is now a bubble.

Bitcoin itself will prove to you that he is not a bubble. Bitcoin offers great technology that we never seen before that is why people loves to invest on this because they believe on the future of bitcoin.

According to the strict definition of the word 'bubble', Bitcoin can be considered as such but when the same thing is applied to other fiat money or the usual cash we are using then they are also big bubbles. Anything can be a bubble even our own self-perception. Now, the question is this: who will determine if one's value is just exaggerated? Of course, the market. In case, Bitcoin holders and buyers will unite and determine that they will let go of what they are holding or buying for any kind of reason then the bubble has popped. Now, it seems to me that OP is convincing us to his point of view that Bitcoin is a bubble. No need for that because here in this forum we are all aware of this issue. Now, having said that, the next mission of OP is to convince all Bitcoin holders all over the world to say goodbye to their Bitcoin so that the bubble can finally burst. Can you do that?

Bitcoin is not a bubble, contrary to the widespread and dishonest statements of bank representatives. "There is a limited number of bitcoins that will ever exist. Gold is mined, mined and mined. Maybe. In the world there is a finite amount of gold, but bitcoin is more mathematical and settled, and no one can change mathematics. "

Bitcoin proves it long time ago. It is up to you if you believe or not but for me bitcoin is not a bubble, it was made as digital currency. Time also testified that bitcoin will not pop easily. Believe into the rumors and we don't care. I am not a bitcoin fan but I am not its haters too. Be neutral in this world is more lucky than being one directed.

Value is a personality thing. Bitcoin has $1000 value for me but it has $50000 value for most people. This is a reason why bitcoin value is $16000 now. Law of Supply and demand.

But don't forget the manipulation and the whales. Perhaps your mean about bubble is artificial value that means artificial demand and supply by the whales.

That doesn't makes sense because you don't have idea what money and currency is ? you are looking at market price based on the fiat currency note printed values and decided that BTC is in bubble because the price based on the fiat note printed values keep rising and accelerating beyond your imagination, I am explaining what is happening based on market dynamic not as BTC fan, I am explaining it at core fundamental values of [bitcoin] and fiat currency

But with a Bitcoin you do not own a share at all. You own noting

Bitcoin bubble or not should not make any argument between non-believers and believers. Considering bitcoin bubble prophecy would really brought into reality then we must just be all asking when exactly it will happen because that's what is more important I guessed in both party.

You own right to use the BTC network only when you have BTC, that allows you to transfer values across the internet and probably beyond that in future, those banks that have swift address code have right to use swift system and do transmit data on that network to transfer values (currency), we do not have swift code thus we cannot use the network and have to pay banks exorbitant amount of money to transmit our data across the swift network using their address

What a load of bullshit. I hope for your sake that you do not actually believe what you just wrote?

You Don't Know It's A Bubble Until The Bubble Ends.

No. Fundamental value of one bitcoin is equal to the cost of production of one BTC, approximately 800$ if i'm not saying bullshit.

More precisely, price depends of kWh price,
At $0.12 kWh a Bitcoin costs $1,567.88 to mine.
At $0.04 kWh a Bitcoin costs $522.62 to mine.

thank you for pointing that but whatever you believe in do not necessarily have any truth to it including whatever you think about what I am writing

Cost is not the same as value. If it costs me 200$ to make a sandwich, nobody wants to pay 200$ for the sandwich

A bubble implies an artificial price that will deflate at some point due to market hype and hysteria.  Also fear of missing out.  Bitcoin *is* a bubble in the sense that we explode, then deflate.  Bitcoin always crashes.  Doesnt mean we wont be at 12 million per coin in 2072.

I agree with what you say, sometimes they come by saying and ask to prove. basically if the OP does not like bitcoin better still and go to buy food. all rumors about bubbles, all rumors about ponzi schemes. until now bitcoin is still a debate. the fact is you can not make bitcoin into zero value. the fact that bitcoin remains the most popular crypto and its value keeps going up.

I would suggest you read a couple of books about marketing and specifically about branding. Knowing how much a strong brand can cost and what its market value depends on, you will be convinced that the fundamental price of bitcoin is different from zero.
Its just for your own personal development.

Even the most powerful of brands deliver something of value - presently Bitcoin only delivers hype and talk

I would agree with the author that bitcoin looks just like a bubble. Financial experts also say that. Bitcoin has nothing behind it. Just a huge price that depends on the demand. If all people will try to sell it at once the price will drop. 

We have already seen many hatred posts about bitcoin from OP and so its quite natural for him to raise a question like this.OP asks what bitcoin has given.I would like to ask what USD has given.It is printed infinitely and sent for circulation and it is not backed by gold too.Bitcoin is not a bubble since it has not crashed as there is always a huge buy wall which usually lacks in the case of assets which were termed as bubble.

What is a tangible asset? One you can touch? What is the inherent value of gold, which is not a producing asset nor pays dividend?

The inherent value of gold is the value that people give to it. Why do people use it as a "safe heaven" when gold price is even more volatile than any blue chip stock?

Bitcoin cannot be "touched" so in that sense is not "tangible". But it is an asset, with a real world use, that can be used for instance as hedge. It does have inherent value because of it's utility, which is more that what can be said of gold or other commodities.

Whether a bubble or not, well that depends on the market. I think we are still too early in adoption phase. However I would never invest myself in only one asset, because diversification is key and you have always to control the risk of your investments.

Very funny question. You think BTC is a bubble? Market Cap of BTC is $253,408,802,317 ....still you think its bubble? who will invest is bubble such huge amount of money? Today crypto currencies market cap is Market Cap: $573,726,741,543 - 44.2% is BTC dominance. This fact is enough to understand it's not a bubble.

Completely happy with the tangible assets (including capital to invest in other coins) purchased with bitcoin profits.   Doesn't really matter if it's a bubble or not.   The same way that it doesn't matter to all of the people who benefited from Yahoo stock going to $100+, cashed in, and eventually sunk down to something like $9.    That's the game for any investor.   You're not in it to philosophize it or debate about it.   Leave that to the teachers and professors.  

There is nothing to prove to anyone about the issue of bitcoin being a 'bubble' everyone is entitle with their opinion. But as for me, bitcoin being in the cryptoworld for how any years now and.is still sustainable up to now and considering the value that continue to increase can attest ita viability. Bitcoin have helped a lot of people financially and it's not our lose if some would not believe in it.

A bubble is when the price of something is far higher than the fundamental value.

First of all, consider that we are talking about to the thing that is closest to a global scale free market that the world ever had. So the bubble concept will be biased towards it, since the market will regulate itself and the fundamental (or intrinsic) value of the asset won't be fix, as it will be linked to what the market think it should be priced.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)

It does gives you ownership of your share, again, the concept of digital asset is hard to be inserted directly into the current economic market.

Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks

Indeed, it's only hold and trade.

Bitcoin gives you no legal rights

Again, it's a new concept, so there is no solid laws yet, but it's just a matter of time. Regardless, a crime is a crime so ordinary laws will still try to garantee your assets, as already happened.

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

Digital asset and free market. If you try to insert both directly inside our current economic ways you will have a big problem (and that's exactly what is happening). You will need to sit and wait to see if it's truly a hype-bubble or it hold true value.

Another thing is BTC can be valued at $1kk or $1, it won't change a lot, think about it deeply: it's overseas "currency", you can hold or sell so you can use it as a long term investment or day trade (not recommended due high fees and slow transactions, but altcoins will do) and you can buy daily stuff (each day more things are available).

Considering all of this, BTC can be considered at the same level as the current monetary system, but without government, it's like having a bunch of dollars stored in your bank, but in exchange of the regulation and relative safety you have the unregulated market with the value changing based on the free market will.

It is a definite bubble, but that does not mean you can not ride the wave and make some money out of it. Just make sure you are not one of the last ones to exit, when the reality (or the 1% that owns 90% of bitcoin supply) hits the market. :)

Another post from a standard Bitcoin fan clearly demonstrating an utter lack of any economic understanding.

The size of market cap means nothing. What do you think the market cap was of the all the credit given by the banks before the financial crisis? Despite it huge size it was still a bubble. Same with the market cap of the internet companies in the late 1990s. Same with the Dutch tulips.

The complete lack of understanding of fundamentals in this forum is astounding - and constantly serves to prove exactly why it is a bubble with price purely driven by the greed of ignorant "investors"

you can only prove it IS a bubble, not the other way. until it is so widely adopted - like credit cards

Plain wrong - so far no-one has put forth any solid analysis showing the value should be any different from close to zero

As bitcoin holder, i dont need to drove to the other that bitcoin is not a bubble. I think bitcoin is bubble butbits not important.
The most important is the profit from bitcoin.

bitcoin is already proven long long time ago, no one can predict bitcoins futurei f its a bubble or not. the important thing is, BTC is strong strong and popular in the present we earn and save for the future.  .

For me bitcoin is not a bubble because more investor is invest to bitcoin and bitcoin is a wellknown coin.

This type of thread is about as useful as 'prove Elvis was not an alien' or 'prove that we are not living in some kind of Matrix.'

Its hard to prove a negative. What is the value of a peice of paper currency? What is the value of web domain? It's subjective to who want's it, and how bad. Regardless, if you saw that (for instance) www.shop.com was for sale for $5, you could be pretty sure that the value of it would be worth more then $5, and it could be resold for a profit, because someone wants it. Bitcoin is kinda the same. Someone wants it, therefore it has value. Something might look like a bubble, but that doesn't mean it actually is one. I wouldn't suggest riding my bike full speed into it, you just might find out the hard way that what you thought was a bubble much more closely resembles the Epcot center. Ouch!

Cryptos have ZERO fiat value. There's just no way to measure permissionless currencies backed by nothing in terms of central bank backed currencies.

Not only Bitcoin but the whole market is in a bubble. New technologies always give rise to this sort of speculative frenzy. The whole market will crash dramatically sooner or later but that doesn't mean the concept will die when the market crashes.

All worthless shitcoins will die for good. The only question is who will rise from the ashes?

I don't get it when people say they have ZERO value. How can you say that even? I have a Visa card linked to my Coinbase, and I could go to Amazon and buy basically anything I want with Bitcoin, so how can you say it has no value? It has whatever value the Coinbase index says. Now you could argue that tomorrow, or next week, or next year that it will have no value, but you can't say that it has ZERO value at the moment. If you can use it to buy something, it has value, weather you like it or not.

sorry but i think you are just hurted because you arrive too late...
;-)

Is the US Dollar or any Fiat currency, tangible? It is tangible in many people's eyes because they TRUST that the

government will honour their promise. The same goes for any other central authority that manage tangible assets on behalf

of the owner. {That includes stock exchanges & other financial organisations} You are placing too much trust in centralized

authorities and they will fail you, like the Banks did in other countries.

An unforeseen future of bitcoin does not mean it is a bubble. The amazing technology behind bitcoin and the potential for it to become the future of money is what makes most investors attracted to bitcoin, resulting for its price to grow exponentially. It is a revolutionary and different kind of investment unlike the traditional assets mentioned. Those who call it a bubble could only be fearing what they do not understand, and their reaction formation is to spread FUD and argue. It is better to have it and not need it than need it but don't have it.

Bitcoin is special.Its value is not increasing because of marketplace lies. It is increasing because it is a life-changing financial invention. It is increasing because more people are adopting it. The “network effect” is in full swing.

There is a saying that one who is better than himself is not good, people who are good to say good. Bitcoin is like that. Remember your words, say good.

If think deeply what fiat currency and even gold are bubble... can someone explain that thats not a bubble....
I think its just question of trust. Its problem each of us... somewone trust in god)) someone trust crypto.

The question is bitcoin bubble is not relevant in my opinion)

Because I say so. That’s all you need to know.

I have further proof. Because if bitcoin is a bubble it might crash all the way down to zero someday and I won’t become a bagillionare with my $2.98 investment. So it’s not a bubble.

To tell it's a bubble , it's necessary to know a reference price of BTC, based on that , you are able to say if is a bubble or not . i'm not telling that BTC isn't overvalued, but nobody knows the real price of BTC yet. So i guess that we can't say it's a bubble

dont forgeto this:
gold and diamond are precious... but if you want more you can mine and extract it.
not so, for bitcoin... there are just 21MLN.

It is widely used and accepted by many many people all around the world right now at 2018.

bitcoin is not a bubble, it is supply and demand, it can also be said that it is a public service, it also has utility, it is difficult to create it, it has work, it is anti government control, groups of power and anti hakers can not be created anymore.

i really don't understand why we continue to define it "bubble"
if it continues to rise since years, means there are a continuous demand for this asset.
and for that, it will continue to rise.
or not?

If you believe that bitcoin is just a bubble, the 7 years of time for you is just a short time ? You can say that its just a bubble because you cant believe to its price and you have doubts giving it a try and if it is a bubble then if it was just a $10k , someone could've take it and be a billionaire.

i completely agree...
bubble is for the ones who are here.. but too late :-)

Let me ask you one question,how do you rate bitcoin's fundamental value which has a limited number of coins .
Have you ever purchased a bitcoin,if you did you know how you can have the asset in your own hands without the help of a third person,if you own one you have the legal rights to do anything with it ,about the dividends,have you heard about forex trade,does that pay dividends ,which bond pays you more than the market valuation,no one is forcing anyone here,if you want to trade and accept the new form be a part of it,if not just watch how people are having fun with it.

if a new player then they will call it bitcoin not bubble but for the old bitcoin players is said to be bubble, so a lot of new players who actually do not really understand how bitcoin works and what bitcoin prices should be, so just follow the flow follow the new players want to play like what and do not forget to take advantage of their game.

I would think that the term 'bubble' would be respective of the entire market, not a personal snapshot. Of course, if you got in a few years ago, this is far from a bubble. But to a guy that just started observing the market in say, 2017, this would certainly look like a bubble, especially retrospective if it pops.

this much growth is unsustainable. we have seen some considerable retreat in the last quarter of 2017. I cant say for sure yet, as we are so fresh into the New Year, but we are still seeing a bull run. If this is the point that the rest of the world will adopt bitcoin, then the support they provide will establish a new price floor at these levels. But if this is just speculation (I assume this, but exchange congestion seems to indicate otherwise), the price may see q1-q2 price levels if we correct.

But we are still seeing capital inflows from traditional VC.. This ride might not be over yet!

Those who always says that bitcoin is a bubble are those that wanted to cause FUD in the market. Why? They are looking for an opportunity to buy the dips. Think of the incident related to Jamie Dimon last year. Those who were not able to ride the waves during the price of btc was still small are the ones causing these FUD's nowadays.

You should study a little bit before asking something like that  ::)... nothing has a fundamental value, the price of something (a commodity, a product, a service, whatever) is always given by the match between supply and demand.

Bitcoin has value because it is scarce, it's digital gold, the supply cannot be infinite, and that's all.

it seems that many people say bitcoin is a bubble, some even say that bitcoin is a scam. I think this is a wrong statement. and they are also impatient so too quickly assess bitcoin.
probably because of this bubble reason they are afraid and worried to invest in bitcoin

Actually, this is bitcoin's strength: its fundamental value IS zero, as you correctly said.   As such, whether a bitcoin costs $1, or it costs $1M, is the same.  There is no difference, the ratio is in any case infinite.  This is why, given that there is strictly no reference value (a fundamental), bitcoin can have just any price, and any price is as good as any other.  Whether you overpay something an infinite times, or an infinite times, is equivalent.  That's entirely different if bitcoin were to have a small, but real, fundamental value.  if bitcoin had something like, say, $10 of economic utility, paying $20 for a bitcoin seems not such a terribly bad idea, but paying $1000 for a bitcoin would be entirely objectively stupid, and the bubble would crash.

However, given that paying $1 for a coin is already *entirely* irrational, and we're used to that for many years, it is not more irrational to pay $1M for it than it is to pay $1 for it.  This is why bitcoin keeps on bubbling, and the sky is the limit.  Tullips only bubbled once.  The South Seas only bubbled once.  But bitcoin bubbled already 3 times: in 2011, in 2013 and in 2017.  Because, exactly, its fundamental is zero.

No, this is not true.  There is fundamental value, which is economic utility.  Food has economic utility.  The joy in your life is higher if you have food than if you don't.  And economic utility is related to personal joy (or removal of personal suffering).  There ARE a lot of things that are perceived as bringing joy, and they are the basis of what is called economic utility: a house, food, entertainment,....  everything we want as end consumer.  Our desires.  Price results from economic utility confronted with scarcity.  Food is not very expensive (even though it is just as useful) if there's plenty ; food becomes very expensive if there's almost none and we fight over it.

Assets are indirect owners of provision of economic utility.  Production capital has indirect economic utility, because it can provide the market with consumption goods that increase joy of consumers.  You can package this more and more, and the complicated derivation of all these things down to "joy" is what is the fundamental of an asset.  Bitcoin has none.

Since its inception in 2008, Bitcoin has had a great impact on the world financial market. A long seven-year development has proven to be a stable development of bitcoin in the cryptocurrency market. Bitcoin has created a new financial investment trend in the world and is receiving tremendous support from the investment community around the world.

Bitcoin is not a bubble because if we talk about bubble - uselesd not profitable ! So i think bitcoin will change the world because this bitcoin can help a lot of people who have a poverty in their life like me and bitcoin is a hope for us and hope that someday all goverments accept this.

I do not know why the term bitcoin bubble emerges, does it come from people who do not understand bitcoin or arise from people who are unsure of bitcoin.
so I'd better not listening to them talking about things that can make bitcoin crumble. I'm sure bitcoin will take us to a bright future, because it's not a bubble or a scam.

I do not think you have to fight either it is a bubble or not. Its not the real deal. We all have different opinion unto something, a bitcoin fan or not. What matters is how you manipulate your own.

Bitcoin is not a bubble because  the bubble events are hyped in a very short time but bitcoin still remains here and improving. It's a technology that evolves unlike the tulip mania or dot com that will stay the same.

For me Cryptocurrency has a zero value and it's worthless they are connected to bitcoin. but for me Bitcoin is not a bubble. It is surrounded by many technologies and it will be worth to wait in the next 2 years to come. If the halving is happening probably some coins will fall down.

It would interesting to hear the so-called "investors" in here that denied BTC was a bubble in December - how do you then explain what happened?

We should end this debate once and for all. Bitcoin has been slapping the haters for many years now. The value of Bitcoin depicts that it is not a bubble. Bitcoin has become the world's sixth biggest currency of the world. Whats more surprising than that? I hope there is no more discussion.

The bearish market is the main cause many believe bitcoins is a bubble but it seems it is not the first time bitcoins has behave this way and this is more prove to haters that bitcoins is here to stay despite the downward trend of its price.

Bitcoin has being here for over 4  years and still standing with an increasing community, sure if it was a bubble sure it will have gone into extinction, it is still an evolving currency, here to stay and become relevant globally, if you not an investor, do not scare others away, sure will be convince to join the community soon.

I like it how limited your understanding of the world is.
Bitcoin gives you ownership of a Bitcoin, it's that simple. You hold BTC, you hold the value in your hand, just like when you're holding a piece of valuable art. You know that some people are willing to pay a lot of money for it and that's it. One day that piece of art may be worth nothing just because you won't be able to find people willing to buy it, even though everyone knows that it used to be valued at 1000 USD for instance. That's the risk each of us has to take every day.
Bonds don't give you the right to a payment. They give you a promise of a payment, which is much different. Promises can be broken.

I found an interesting review to answer that question. Check here: https://www.quora.com/Is-bitcoin-worth-investing-in

This is the proof that bitcoin is not a bubble because until now bitcoin still remain and popular.  Even if  a lot of trials that comes to bitcoin but still bitcoin until now survive. And alot of progressive country's are now accepting bitcoin as legal tender....

Bitcoin is definitely not a bubble. I don't get it why some people still see bitcoin as a bubble... All you need is to understand the market and trading trends of the crypto market. Bitcoin is the revolution to the world financial system....

The growing community doesn't need to convince people, but the people around the world will notice the popularity of bitcoin though potential profit which we may give us financial security. Most specially when they hear other person's promising stories like they've become rich with bitcoin. The popularity is getting so high now, and I guess they're rushing out to buy bitcoin at cheaper price.

Bitcoin is not bubble becauae there is still a lot of people who are interested in it and they are interested because it helps a lot people in the case of financial, it helps the people to earn money to fulfill their needs and wants. Bitcoin do not have a stable price but when the price gets high the price of it is higjer than the exepected value. I think those people says that bitcoin is bubble because they do not have enough idea about it and they are not users.

We are the living testimony of how great bitcoin is because we already experience its goodness. Well I can really testify what bitcoin has brought into my life. It gives me a lot of opportunities from the very start and it really helps me to have a better living. It is not bubble for it will give you what you expected and it will not disappoint you.

   We know how much valuable bitcoin is. I think it is enough to say that bitcoin is not a bubble. After many times of fluctuation bitcoin always rise and recover. A lot of people already a living testimony on how bitcoin helped them and was able to prove that bitcoin is not a bubble.

Yes its not, people just its like a bubble because they didnt uderstand everything about it. Most of the time they are lack of knowledge about what bitcoin is. As we see bitcoin was very profitable and helpful. In fact it already changed many lives into something better from nothing. Bitcoin was very valuable and can help you a lot especially in your financial need.

No doubt, you can see that bitcoin is a bubble, you can see that bitcoin prices are constantly falling and it is hard to guess, the market is bearish in the long run and bitcoin prices have fallen. more than 70% in the last 7 months. I believe bitcoin prices will continue to fall sharply in 2018 so you should not continue investing in bitcoin.

Bitcoin is not a bubble because of one word. BLOCKCHAIN. Because of the blockchain bitcoin is more than just a form of currency. Cryptocurrency can represent a means of automated transfer and also a system of checks and balances and record keeping. There are innovations that have already been made and adopted that take advantage of blockchain tech. From verifying authenticity of merchandise, accurately tracking automobile history (no rolling back odometers), transferring excess mobile data to other people, streamlining and centralizing medical records the list goes on and one it goes way deeper than just money transfer. 

Bitcoin – independent.  The first rule which can be in the head for using Bitcoin its anonymity. And also the Bitcoin it's a face of cryptocurrency. What do you think about the fundamental a price of gold? it's just a piece of metal.

To prove bitcoin not a bubble then there is not any method to prove you have to be passion

I know, but right now exactly. people are getting smarter. they believe on proof, data, statistics, charts,  paper, news, file, etc.

because you just cant believe on a group of people who always give same reason. meanwhile data said another and always came with different proof.

I think it's not a bubble becouse if it was the bubble it it would be profitable to burst as early as in 2017 when there was a huge capitalization of the crypto currency.

Bitcoin has a good history, there have been falls as well as good price hikes when bitcoin abruptly began to rule, and the society was at a loss where such prices come from, so this is clearly not a bubble.

I think that the bubbles are things that are known only after the fact. It has never been that during the bubble there were so many articles or opinions that this is just a bubble. We would need a bubble in the evening services to find out who earned what and if you need to pledge your home to buy cryptocurrencies. Secondly, and this is probably more important, a loan is almost always needed to create a speculative bubble. In 2008, in 2000, and as if we were going back to the famous tulips, loans were always accompanied by bubbles. As of today, according to the data we have - there are not many of them - people who buy cryptocurrencies do not get credit, so their sensitivity to declines is not that big. Just because the graph goes up, it does not mean there is a bubble. If we met here a year ago and looked at the graph, when bitcoin cost $ 1000, from a dozen cents to a thousand dollars is also a growth that resembles a bubble.

A bubble is when the price of something is far higher than the fundamental value. Bitcoin is not a bubble, I'll prove that to you because the price is purely based on speculation and you can always see it in the value of bitcoin that even if it drops it doesn't drop a terrible crash.

Bitcoin is having a bear market , it will be dead like everything in this world but for now it is not going to happen. Bitcoin will be surpassed by a better technology but before that all fiat currencies will be in real trouble and Bitcoin and all other precious metals will have a huge bull run.

This is the probability that bitcoin is not bubbles because until now bitcoin is always very strong. No matter how bad the situation about price dumping but still many investor's believe the recovery of bitcoin. And we are one of them because we are also believed that bitcoin gives us a better future.  

Bitcoin has become a world currency, it has already been included in the top currencies that have gained unprecedented prices for our world, and only therefore we can already call that bitcoin is not a bubble.

If we consider that the cost of mining is growing every day, you are wrong to say that the fundamental cost is zero. And besides, you are aware that the nominal value of one us dollar is not more than a couple of cents? Then the dollar is also a bubble?)

i don't think that we have to prove anything. It depends on you. I think you can see how it develop and decide whether it is a bubble or not