Bitcoin Price Crossed $11,000: Is it Really a Bubble?

[vinbentrob]

Bitcoin price moves from time to time.  That does not mean that Bitcoin is a bubble.  Bitcoin is all cheap if you compare market data to estimated data of bitcoin in the future.

[Zadicar]

Been hearing this argument that bitcoin is a bubble every since I involved myself in this community. I have heard so much from both side that I just totally ignored all of it. Bubble or not, bitcoin is here to stay and no one can stop it. Not even a country or a single person.

I personally think it is a bubble. The price cannot continue to rise indefinitely. It isn't possible.

I haven't seen any class assets for that matter that continue to grow and sustained it. Not in crypto or stock market. So I think that argument if flawed. Again, just call it anything you want. It's really getting tired arguing about it. If the bubble has been burst then wait for it to recovered and stand up and then whole argument starts again. Its a never ending discussion.

Same here which going back on my first registration on this forum I do already see this argumentation until up to these years there are people who do repeatedly talk about bitcoin is a bubble all over again without basing or just seeing on the chart development of bitcoin it do shows that it do grows as the years goes by.There might be some price dips but those are just healthy corrections for us to proceed to go higher in value even more.

[hritevanz]

Based on what I have observed using the blockfolio application, the highest value of bitcoin in the history reached almost $20,000. The value of bitcoin today is not stable and fluctuating between $12,000-$11,000 which means that it cannot be consider as the bubble price instead it is consider as the dumping value of bitcoin. There is a huge difference between $20,000 and $11,000 which means that, it is not yet the bubble.

[gabmen]

Been hearing this argument that bitcoin is a bubble every since I involved myself in this community. I have heard so much from both side that I just totally ignored all of it. Bubble or not, bitcoin is here to stay and no one can stop it. Not even a country or a single person.

I personally think it is a bubble. The price cannot continue to rise indefinitely. It isn't possible.

I haven't seen any class assets for that matter that continue to grow and sustained it. Not in crypto or stock market. So I think that argument if flawed. Again, just call it anything you want. It's really getting tired arguing about it. If the bubble has been burst then wait for it to recovered and stand up and then whole argument starts again. Its a never ending discussion.

Same here which going back on my first registration on this forum I do already see this argumentation until up to these years there are people who do repeatedly talk about bitcoin is a bubble all over again without basing or just seeing on the chart development of bitcoin it do shows that it do grows as the years goes by.There might be some price dips but those are just healthy corrections for us to proceed to go higher in value even more.

Well the thing is, it can't be helped. There will always be people who will assosiate aspects of bitcoin to how bubbles, like the dotcom bubble, work in the past. For me though, this bubble has burst several times already only to be pumped up afterwards to newer highs. I know a lot of people also see it that way.

[qiwoman2]

The bubble has long burst now and we are in a decline going downwards to the 7.5k usd  support level, once that is breached, then the whole crypto markets will go on red alert and panic mode. People are so stupid that they have this herd mentality and start selling off altcoins that have great projects and promise just because the big financial institutions and whales are shorting bitcoin. In the end when everything crashes, who are the biggest winners of all time? The whales and big banks that will go in and scoop up everything for peanuts while all the rest of the idiots have panicked and sold themselves out for huge losses.