Is Bitcoin a Bubble?

[Andrew S]

Well, if you take into account the fact that without depository bitcoin will in principle cease to exist, then yes, bitcoin is a bubble that can burst.

[napi]

instead of bitcoin instead of bubbles, bitcoin is more like a wave, because bitcoin has the property that can come back to a high price and when bitcoin breaks will not always dwell below it will surely one day go back up again so bitcoin looks more like a wave.

[Suguha]

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

It is not a bubble because butcoin is existing until now, it was created few years ago, as far as I know when a bubble reach the top it will pop and will be gone and bitcoin is not because not so long bitcoin will reach it goal too but it will not pop and gone because as long as bitcoin is reaching its goal the more years and users will come.

[antoniolukaseo2010]

From a certain perspective, bitcoin can be a bubble. But this bubble brings a lot of benefits for everyone. People only remember bitcoin when its price is really high at the end of 2017 and bitcoin is gradually forgotten in mid-2018 because the price has fallen too far.

[thuychi]

Bitcoin is a bubble, it doesnt matter if you or all those websites says that it is not, because in fact, it is, because a lot of people are only hyping it to get profit, and we all are doing the same.

[Narendergur1234]

yes, but something every interesting will come out of it.. which will be good for the world

[tradingsigns]

This will go back to the case of Warren Buffet convincing wallstreet whales and regulators that the internet was just a bubble and wont support in funding Google, Amazon, and Sillicon Valley. Well look how that turned out !!

two events cannot be compared... Internet and bitcoin are different, and the pattern and ivnestors are different too

[walkerbitco]

yeah  a bubble.

at 5500 it was a bubble

at 4500 it was a bubble

at 3500 it was a bubble

at 2500 it was a bubble

at 1500 it was a bubble


To be fair in the fall of 2013 it went from 92 usd to 1200 usd

and by Jan 2015 dropped down to a slow as 180 usd.

So if it did it once it could do it again.

You are very creative, I must say.. and funny too : )  Are there any patterns in which months it would rise or fall based on past years data ?

[Getmon]

Call it a bubble or whatever people want. The fact remains that it has turned average people into millionaires. I myself have gained pretty much out of my Bitcoin and altcoin investments. Well, it may be considered a speculative bubble but it does not automatically mean that it will burst. Later perhaps. But while it is still here, we might as well make the most out of it.

[Joyjoy16]

Bitcoin is not a bubble this is a centralized cryptocurrency many peoples joined here to know and to earn money everyday many peoples joining here because they trust this bitcoin.

[Unlitinated]

This is the one of the most often question about bitcoin. If you don't know the basics of economy and pricing then for you it's a bubble, but if you understand what supply and demand are you can find the question of how the price for bitcoin shaped. Not matter what is being sold, here is the question how many of it, how many wants to sell and how many wants to buy. Bubble...please read the economics theory first.

[DaughterOFbitcoin]

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

Bitcoin is not a bubble, bitcoin is a reliable coin and earns trust as the best coin. In the crypto market there will always be demand for bitcoin and it will make bitcoin last long-term.

Yes it is true bitcoin is not a bubble infect bitcoin is the most promising currency it gives us saving and a lot of profit as well, so we should trust our saving from bitcoin, foe me bitcoin is the best source of spending a good life, it helps a lot of people to earn good money even when they are already working as bitcoin can be taken as the treasure of profit, calling it a bubble is not worth trusting statement according to me because it is my future builder.

Those who say that bitcoin is a bubble are living in the heaven of fools. If it is a bubble in the view what are they doing here? They should a merchandise shop for themselves. Bitcoin is not for them. Investment in bitcoin needs patience and courage to bear the loss if the price drops. Those who say this nonsense cannot bear the loss and wants only profit.

[ligulaci]

Bitcoin was indeed a financial bubble, as investors tried to profit from rising prices after buying it.

But I don't think bitcoin will burst like a bubble. Because it has a solid foundation and will develop in the future.

[inspirone1]

I was recently hearing that German approves and recognises bitcoin as a legit currency and a payment method, so according to that news I'm not thinking anymore that bitcoin is the bubble.

[prtty2gal2]

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

Well, what else do you expect them to say about it when the whales are throwing prices up and down everyday? Really nothing to do about it.

But whatever you choose to call is your business, my main focus here is to make money and nothing else, I don’t come here to talk about which one is bubble and which one is not. At least last year was a huge success to me. So no time to be looking at the nonsense media has to say, got to focus.

[yohan09]

I think Bitcoin now is not good for investing in it, Bitcoin is strong and are on the first place, but if to look in near future, situation is not good

I don't agree with you. Because I still believe in respect to you of Bitcoin. And I think in the future surprise will be better like now. So it is good time to invest in it.

Its hard to determine if bitcoin is a bubble because its an entire industry, Bitcoin is a topic on everyone's tongue and minds, Investor's make huge life decision based on bitcoin worth and they often make impressive predictions about what happen in the future. People also made those actions in association with other things that went bust, leading individuals to caution history will repeat itself. They say the only thing, they're not certain about is when it'll happen.

[localcrypto]

Bitcoin is not bubble bitcoin have organic growth by supply and demand will have price flucations if there is sudden growth we cant say it is bubble we can consider is organic and orginal growth

[ngusmin]

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

Many of them say bitcoin is a bubble, but I think it's just negative news by people who do not like on bitcoin. Bitcoin can survive until now and it shows that bitcoin is not a bubble, but bitcoin is a cryptocurrency that could become the currency of the future.

[Reeas432]

I do not agree with that BTC is a bubble. For one component the rate of a certain market might be so pricey as conpared to it's intrinsic cost. however, BTC itself is a foreign money so its charge is also it's intrinsic value. It additionally follows a logical boom and reduce in price even though unstable is still rational.

[danim1130]

This post is about a year ago. But, I can still say that bitcoin is not a bubble. There are many people in this world most of them are experts who are saying that bitcoin is bubble and it will not make it in the next few years but until now the value of it is increasing also people are getting more information about bitcoin.