Bitcoin Bubble Yes / No

[rommil]

Definetly it's a bubble. But american economy it's also a bubble but it has been working for decades and who knows, maybe for ages, so we can't predict 100% the end of the bubble, all we can do right now is use it in our purposes.

[Eternu]

I think that at the moment we are in bubble. Because there are too many new people that expect to get rich from Bitcoin, by doing nothing. So there are more buyers, and low number of consumers. Most of people buy Bitcoin to hold them, and that is busting price. It is not hard to imagine what will happen when people stop buying Bitcoin. Because of that I think that we are in a bubble now. But on the other hand more and more countries accept Bitcoin as legal way of paying, which is great. Because that will make Bitcoin moving forward.

[Ethersport]

Of course no  Bitcoin is not a bubble, it is a new era of opportunities, like internet was.

[Sadlife]

Yes it is a bubble but a very long one because the price is stable and bitcoin already graduated from volatility and even countries, institutional business and already accepted and the large amount of merchants has adapted bitcoin for their online and offline business. Who knows if this bubble pops up o r continue no one can accurately predict but one thing's for sure the price value will continue rise and make us profit.

[lordquanta]

What you have said about Bitcoin being a legal tender is not true it does not mean that Japan and the Philippines are accepting Bitcoin automatically counts as a legal tender, yes they are accepted but it cannot replace the position of the country's own respective fiat currencies in legal terms negotiable instruments should be paid in the country's recognized fiat currency. Bitcoin is a bubble and there is no doubt about it. One good reason why it is a bubble is that Bitcoin does not have any fair market value we don't even know if Bitcoin is fairly price or not.

Point about bitcoin being accepted in Japan and Indonesia does not mean it is a legal tender in those countries is correct. However it is easy to see the bitcoin growth as a bubble. We normally tend to see enormous growth of asset without any plausible reason as bubble. However growth of the bitcoin is not linear one. It is not of parabolic in nature. Thus more users from multiple countries continue to join the bitcoin the prices will increase in parabolic manner and not in the linear fashion. Thus rapid growth of the bitcoin at this stage is not entirely a bubble in formation.

[ItsEzMkay]

The people calling bitcoin is a bubble or going to die clearly have no or little understanding at what they are witnessing. This is such a big project that literally nobody without massive vision can understand it, at least this is

what I think and feel most days. I say this because not since the double entry book keeping system has their been such a revolutionary change to the financial industry. Seeing how this was back in the 1400s and nobody was

alive to witness such events hard to call this change and see it for what it is. Now I am not saying bitcoin can only go up and it wont crash but rather that even I, or anybody can accurately say what is going to happen we are

in uncharted territory and that is what makes this journey so fun!

[coinplus]

All the OP's listed factors have nothing to do with whether it's in a bubble or not. It can have the same things whether the price is soaring or in the toilet.

A bubble is a rapid escalation in price followed by a contraction. It's very possible the price could fall back to $3000 or less. It's pretty much had an unbridled run up to beyond $6000. Let's wait and see but I wouldn't be surprised if it falls a lengthy way from here for a while at least.

Guess only time will tell after all. Certainly, most people today are really into bitcoin because they consider it as a digital asset and then some do not even understand the value it holds. However, that does not mean that as time goes on, they won't keep understanding the main value that bitcoin has to offer and support will keep growing stronger.

Bubble or not will never stop bitcoin from growing, it is just the way it has been designed and none of them can ever be able to control it whether they call it bubble or not.

[bubblebit]

Bitcoin is not a bubble only they’re mouths bubbled in making negative comments about bitcoin. If it is a bubble and they can foresee it would happen, they can answer this question. When? How? Or even a simple question are you sure? Because if they can’t even answer a futuristic question how would they know what will happen in those days that we don’t know if we still be living.

As what a logical man always say, let them believe what they want to believe and let us profit for they’re ignorance.

[supercanada1]

Currently, Bitcoin is receiving so much attention than what it used to be in the past few years.
So many people are now turning to Bitcoin.
So, it's not a bubble.

You are right all the people are tuning to the bitcoin and it is not the bubble because as much as I know I have never seen the price of the bitcoins getting down now all the people are aware of the bitcoin and the bitcoin price was a bit low in the past but now almost the whole country is investing and they are of the bitcoin so I hope in the future bitcoin will prove it was to the bubble.

[Jr.Sasha0209]

As I believe the price of the cue ball will only grow, as it settles in the people's wallets forever, it is due to the small transactions that hang for years in the wallet, plus the death of people who leave forever and take away the bitcoins

[Chrisjay29]

yes bitcoin is a buble currency. i think all digital crypto currency user know that. Anytime bitcoin can be disappear in just a second. thats why be wise in holding or buying bitcoin.

[bitcoinisbest]

Definetly it's a bubble. But american economy it's also a bubble but it has been working for decades and who knows, maybe for ages, so we can't predict 100% the end of the bubble, all we can do right now is use it in our purposes.

Had Btc being bubble it would have not survived for 10 years or so and it’s price would have being near zero had that being the case. But it isn’t not and still Btc is surveived means it is not a bubble  and has a very good scope in future .