I think those two things are inseparable--a tulip bulb was definitely worth some price back in the 1600s, but the increase in price had gotten so out of control that people eventually realized how irrational the market for tulips had gotten.  And if you look at price charts of things that have been in a bubble, you'll see the same thing: exponential growth for a period of time followed by an enormous crash and a long period of stagnant prices.

I don't see bitcoin as being in a bubble right now.  There were "mini bubbles" in 2014 and 2017, but the recovery periods have been extremely short, and I wouldn't expect that in a true bubble.  Look at the price of gold and silver leading up to 2011, when they crashed.  It took 10 years just for their prices to get back to where they are now, which is still below their peak in 2011.  The NASDAQ composite took even more than that to recover from the crash of 2000--and the list goes on.

I think most members here realize bitcoin isn't a Ponzi or a scam.  That was my initial impression of it back when I didn't know what it was, but nowadays I think even the average investors sees it as just another asset class (cryptocurrency), especially given how much mainstream media coverage it gets.

This is still the wild wild west, after all. And Elon is so influential a figure that his statements, whether true or not, mean a lot to the market. Not to mention that he's got the money, too, to actually direct the price movement to a certain extent.

But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.

Isn't that..... illegal? It's one thing for anonymous pumpanddumpers to do it, it's a different story if it's a billionaire who was already fined $20 million by the U.S. Securities and Exchange Commision for misleading investors.

- After reaching a few fundamental recovery levels, the price continues to dump with deeper lows, it's hard to believe that the crypto community is trying to sell more bitcoin at cheap prices, whether this will be a fundamental strategy or this will be a scattershot of profit taking and the end of a bullish season. The recent upheaval has caused a disconnect between the community and bitcoin, need some big hands in the market to be more active with bitcoin accumulation, for Elon Musk and Tesla to continue to influence, lots of other problems with bitcoin could happen

The economic activity had almost recovered to the pre-pandemic levels in most of the countries, before the latest wave struck. This wave seems to be very lethal and it is affecting younger people (maybe due to the nature of the mutation, or maybe due to the fact that the seniors have received at least one dose of the vaccine by now). One thing is sure. The only real solution we got now is to vaccinate as many people as possible. Almost 1 billion doses of the vaccine has been administered till now, and there have been very small number of reported side effects from vaccination. And we also have proof now, to confirm the fact that the number of cases were reduced in countries where most of the population got vaccinated. But the propaganda against vaccine during the early days had a large negative effect.

May be but if Bitcoin is able to get back to or above $48-51K then it is likely that it will continue up to that target but as it is now that is going to be some hard Bulls work to get Bitcoin back up there from this current $43k+ position. 

First, this is issue has nothing to do with how big Binance exchange is for the exchange cant big pass the law and if found guilty it will be brought to justice.
Second, this is only about Binance exchange it not about bring cryptocurrency down and if the government cannot bring crypto down that doesn't mean they cannot bring Binance if they are guilty of what accused of.

Why would you think Musk is trying to destroy bitcoin? Because he said something that you didn't like, so you ascribed all your emotionality onto it? Tesla won't accept bitcoin, so clearly this is evidence that Musk is trying to destroy it!

And yeah, the second richest man on the planet is sure about to learn a lesson for not praising bitcoin to the moon, lol.

I guess, most of us are guilty of those actions at one point in our trading life. And even if we have had experience the same, it doesn't mean, we will not make the same mistakes again, especially if we need the money. This is when we usually make poor decisions, because we are in a rush to sell our coins.
But if you are not in a hurry, you can strategize how to at least minimize losses. If you know you are holding a valuable coin and it dropped in the market, don't sell. Because if it has solid grounds, it will go up again. This is when most holders are vulnerable to make wrong decisions. For the fear that it will not go up and continue to decline, they will sell at a loss.

This is true, because most of the time gamblers want the finance to be kept as a secret. Why such a mentality ? If we do gambling known to the people around we will be questioned, what you've earned. If we're in loss we can't share it to the people next to us or the one close to us. They might feel bad and it affects their mind. This is why most of the time gamblers prefer to keep the financial spending secret.

We are definitely not in a bear market. We had a correction which dropped the price, but then we had Elon making excuses for not accepting bitcoin and that's about it, there was nothing to worry about. These things dropped the price a bit but the reality is that we are not going to see anything substantial in the future, we are going to see bitcoin prices going up again.

Remember just in 2021 we had corrections for few times, I think it was about 5-6 times already where the price reached ATH prices and then had a correction and dropped like 20%+ and even more which resulted with price going back up and that is what we have right now. Price dropped and that is a sad thing but we had drops before and each time we went back up again and moved higher, that is what we are going to have once again in the future and that is why I am not worried about a potential of bear market start right now.

this is not the sudden big drop in the crypto market yet. the massive dump is yet to come. we are just seeing a small drop in bitcoin price because of the recent FUD which obviously led to a lot of bloodshed in the altcoin market like it always does.
the biggest dump is going to start when the altcoin pumpers run out of money and start reversing their pumps then you see the real "sudden drops".

While it is true that many industries and businesses did great during the pandemic at the same time this is not as great news as it may seem, most of the businesses that are facing bankruptcy are businesses owned by hardworking people that wanted to advance in life and they cannot endure the difficult conditions anymore, while the businesses that thrived under the pandemic were under control of those that were already incredibly rich and it gave them an even bigger advantage over their competitors concentrating all that wealth on even fewer hands.

All these alternatives are needed while there is a pandemic, but it is not a fact that they will be so much needed to such an extent later, so we need to talk with great caution about changes in the way of life of human civilization after the pandemic. Yes, of course, all these remote and digital information technologies will play an even greater role in our lives, but still let's not forget that a person is a social being and nothing can replace direct physical contact between people. I am also afraid that some areas of the economy and technology, on the contrary, will be thrown back due to the COVID 19 pandemic, so everything is not so clear.

It's slowly recovering and is now at almost 50k once again. The Tesla news definitely caused a lot of uproar and disappointment from some of us. Although contrary to what most of the guys here suppose, I don't think Elon is trolling or memeing this time. He knew the detriments that bitcoin could cause to the environment, especially given the fact that most of us still get their internet and electricity from the burning of fossil/unrenewable fuels, which is directly opposite of what he wants.

We should not even focus on environmentalists now, we should focus on Elon Musk, he only wanted to use the opportunity to manipulate the market. Let us take a look at the scenario, he knows if he make go against bitcoin, that other crypto price will crash, that is just the reason he did it, but using bitcoin electricity consumption as an excuse, he only want the bear market of 2021 to begin.

A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.

The other EV brands will take time to capture market share for themselves. It will take many years before they are able to match the level of recognition attained by Tesla. And we still don't know much about the performance of these brands. Companies such as Jaguar and Volvo are pretty new to the EV sector. So if there is some issue with the technology, it is going to be very difficult for these companies to resolve them on time. The patents may be open source, but operational knowledge and experience can't be transferred directly.

I am not at all convinced by these electric vehicles: first of all, they still rely mostly on fossil fuels to run (sorry, the truth); secondly, their batteries are going to be another environmental bomb in the future (not considering the car itself is an actual bomb if something goes wrong!); third and last, at least here in Italy, charging station are not common, and if you live in rural areas and you make long trips, you are done.