[2017-06-20] Price hikes in Ether and Bitcoin aren't the signs of a bubble

[elite3000]

When there is a rapid growth in any of the crypto-currencies and assets such as Bitcoin, Ether, Zcash and others, many will call it out as a bubble. Indeed, on a relatively short time scale it clearly looks like a bubble.

The entire crypto-currency market capitalisation currently stands at around US$100 billion; it was US$60 billion one month ago. But Bitcoin was worth 1/100 of a US cent in June of 2009, 7 cents in June 2010, and US$7 in June of 2012.

Recently all eyes were on Ether. Over a 90 day period, Ether appreciated twice as quickly as Bitcoin did in late 2013, when Bitcoin crashed to around 35% of it's highest value. Aside from the 2013 crash, Bitcoin has experienced smaller crashes many times since, but is now worth double its 2013 high.


Read more at: https://phys.org/news/2017-06-price-hikes-ether-bitcoin.html#jCp

[bbc.reporter]

In Ethereum's case, of course it is a bubble. In its current shape and form the platform cannot scale and yet the value is so very high without doing anything productive. Why?

ETH is fueled by the speculation and the excitement of the investors, of course it is a bubble. If anyone disagrees, then show us a project in Ethereum that is showing profit. There is none.