Bitcoin is a bubble?

[alisafidel58]

Cute story but never heard of it before nor read it from an online article.
Bubble or not we cant hide the fact that bitcoin price is gaining more and more and lots of people have been making profit from bitcoin.

[trinhdinhthang20007]

Doesn't matter what people say, if its a bubble or not. As long as the price goes up (which will) more and more merchants/businesses will be forced/interested to implement Bitcoin as payment method. I believe that this will be mostly case in 2018 as hype will increase dramatically.

Everybody says it's a bubble, in my country when it's 1000, they say bubbles should be careful, when they're 2000 they say it's bubbling so be careful, then 3000 say it's bubbling. Be careful of 4000, 5000, 6000, 7000 and they continue to be bubbles. I think it is money, but it is worth it because of everyone's trust. Only believe in bubbles, not BTC.

[irfanmalik04]

One day it will fall

[CyberKuro]

There is a story, as on the eve of the Great Depression Rockefeller was cleaning his shoes from a street cleaner. And the cleaner asked him if it was worth selling shares or waiting a little longer? After that, Rockefeller called his stock exchange broker with the order to sell all the securities at once: "If there is already a shoe cleaner on the stock exchange, then there's nothing for me to do!".

Even if this story is fake, do you think it can happen with bitcoin?

LoL, funny story from a shoe cleaner, I guess.
Consider Rockefeller wealth, this family could pump bitcoin from $1000 to $7500 instantly, within a month or in few phase within a year, collecting so many bitcoins for them.
Waiting bitcoin increase even bigger, maybe $15,000 or $20,000 and then cash out their investment. We may see this digital currency crash again as people will follow to panic sell, it become a bigger snow ball everyday. But, bitcoin has so many supporters around the world, and it's not easy to manipulate bitcoin price, in this case; the Rockefeller family may not invest in bitcoin at all.

[snowdropfore]

i think it is not a bubble ,when the price is double in one day ,and then we can talk about the bubble .maybe we need to holding the coins ,and enjoy the bubble.

[aardvark15]

There is a story, as on the eve of the Great Depression Rockefeller was cleaning his shoes from a street cleaner. And the cleaner asked him if it was worth selling shares or waiting a little longer? After that, Rockefeller called his stock exchange broker with the order to sell all the securities at once: "If there is already a shoe cleaner on the stock exchange, then there's nothing for me to do!".

Even if this story is fake, do you think it can happen with bitcoin?

Maybe, and maybe Bitcoin is in a bubble, but what if it’s not? What if it keeps rising? I’ve missed out on making a lot of money because of timing the market incorrectly in the past. If I had just bought and held Bitcoins that I bought in 2012 and 2013, I would be much better off than I am now after spending years trading to gain more Bitcoins. All that work didn’t help me. Now I’m just going to hold and see what happens. The worst case scenario is that I have to wait out a crash.

[MoonIsBlue]

Well you can't go high unless you go low. Bitcoin already crashed a couple of times (a stock loses 20% or more of its value within a short period of time). Expect a dip, it can't just bull run forever without going trough a bearish period. To say it will actually crash to the point that its worth almost nothing like at its initial start, don't really see that happening.. but who knows? History repeats itself often enough, don't see why it would not again. Its worth the ride anyway, if you're someone who's investing/gambling their entire savings or pension fund then you should really know better.

[Proton2233]

I think it depends on how to use bitcoin users. Of course the price seems somewhat high but is not the most important. The most important thing in my opinion is to establish the possibility of using bitcoins in the development of economy and trade. In this case, bitcoin will himself earn the capitalization and become a full-fledged currency.