Why you should worry this is a bubble

[Cryptococco]

Bubble, bubble, bubble,... when someone sees a growt that he doesn't understand, calls it a bubble.
Actually, bitcoin is very solid, so I don't see any reason to define it a "bubble"

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[supermine]

I don't think that this is a bubble because this is a normal thing in the cryptocurrencies that they are fast and huge in either pumping or dumping in the market and i really used to this thing and i don't worry anymore for the 'bubble thingy' term in cryptocurrencies because i already observed a lot of market that falls a lot and jump up bigger than their losses.

People are saying bitcoin is a bubble but still bitcoin manages to rise and be the top crypto since it was launched.Many people can't get familiar with the new technology that's why they keep saying bubble don't invest.I am agreeing that bitcoin is riskier investment but it is not just a bubble.People just created it is an investment due to its speculative nature but bitcoin was invented to be used as currency.
So its better to learn surf along the waves than keep saying bubble and bubble.Actually bitcoin making many people richer so we can hope we also be richer one day.

[Cryptodux]

A bubble is something that will explode. Ok, may be it's true. But until that moment, we have a lot of opportunities to make a gain.

[sheryl26]

Another Nobel laureate came out against Bitcoin.

We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.)

However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash:  https://www.npr.org/templates/story/story.php?storyId=4679264.

Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now:



So yesterday, Shiller said this exactly about Bitcoin:

"Bitcoin, it’s just absolutely exciting. You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true. ... I don’t know where it’s going to stop. It’s going to go way up, like the stock market in the 1920s. We will reach a 1929 eventually. But then it won’t go to zero, it just will come down."

This is one guy who when he says something is a bubble, people ought to listen.

Maybe bitcoins is a bubble but lets just take the advantage today that the bitcoins is now leading in the all cryptocurrency and the bitcoins is still the most successful and people still wants it even if the Government are saying a lot of bad things to them because bitcoins is still profitable that it why people are still believing in bitcoins instead of Believing that this is a bubble that will explode. Because even if bitcoins do not endorse themselves they do it in the outcome not always in words

[dvillier]

I stress this might be an air pocket , despite everything i'm contributed yet the most recent 2 months have been insane.

Swell just outperformed Eth on coinmarketcap, I feel like each noob speculator is going into swell with no thought what it is and what is remains for. It conflicts with what a great many people like about crypto , however individuals simply think they purchased the following bitcoin. Cost has dependably been vital however now it appears the main thing.

[Utanjaran]

Previously i thought like that, bitcoin value just a bubble. But after i learned more deeply, this isn't a bubble but this is because of potential the bitcoin. So, now i can get rid the worry to invest in bitcoin.

[PrinceCaspian]

Even this is a bubble i don't care because i want is to make some money and that is what i will do for the rest of the years of bitcoin and other cryptocurrency because i don't want to lose some of my times in just giving attention to the people said that bitcoin and other cryptocurrency are bubble because they are just simply haters.

[1Referee]

Bubble, bubble, bubble,... when someone sees a growt that he doesn't understand, calls it a bubble.
Actually, bitcoin is very solid, so I don't see any reason to define it a "bubble"

Basically that. The only ever time I have actually thought and considered the market to be in a bubble state, was back in 2013 when we went up so hard, and that without any logical justification of actual growth, progress, etc. In current times there has been so much development, progress, growth, adoption in all sorts of countries, that there is no such a thing as a bubble. Instead, I am using the term overbought instead of bubble. At the time we nearly reached the $20,000 level, the market was heavily overbought, with just one reason, and that were the future markets. On top of that, we were also close to a very important psychological level, which helped damping down Bitcoin at that point.

[Tutankryptos]

In the meanwhile you are worried, other people - with this "bubble" become rich :-)

[cr_liev]

Nothing is permanent, this is relevant to everything. Even if it is a bubble, now is the time to catch your chances and make a fortune to live in the future. You can do this without being sure that bitcoin is forever!

[btctestcolets]

In the meanwhile you are worried, other people - with this "bubble" become rich :-)

I believe bitcoin is the best for many years because i know bitcoin is more than a bubble it will never ends until people of low level become reach.

[Granxis]

I don't think that this is a bubble because this is a normal thing in the cryptocurrencies that they are fast and huge in either pumping or dumping in the market and i really used to this thing and i don't worry anymore for the 'bubble thingy' term in cryptocurrencies because i already observed a lot of market that falls a lot and jump up bigger than their losses.

People are saying bitcoin is a bubble but still bitcoin manages to rise and be the top crypto since it was launched.Many people can't get familiar with the new technology that's why they keep saying bubble don't invest.I am agreeing that bitcoin is riskier investment but it is not just a bubble.People just created it is an investment due to its speculative nature but bitcoin was invented to be used as currency.
So its better to learn surf along the waves than keep saying bubble and bubble.Actually bitcoin making many people richer so we can hope we also be richer one day.

People who called Bitcoin were balloons, people who worried about Bitcoin's ballooning. 1 month ago When bitcoin anoraml experienced a price increase, I said that it would have a sudden drop. It was like I said, because the 20k dollar level was reached at an abnormal speed.

[Cryptomagnus]

Bitcoin is a bubble if you bought in december, at top price.
If you bought one year ago, it's still a boom

[19dimasik77]

Yesterday I read an article about the fact that if the block chain is advanced technology, why has not it been actively implemented anywhere so far. This food for thought. Despite the fact that I like the idea of block chain and crypto, I do not exclude the situation that it will not be allowed to develop.

[jaysabi]

Another Nobel laureate came out against Bitcoin.

We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.)

However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash:  https://www.npr.org/templates/story/story.php?storyId=4679264.

Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now:



So yesterday, Shiller said this exactly about Bitcoin:

"Bitcoin, it’s just absolutely exciting. You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true. ... I don’t know where it’s going to stop. It’s going to go way up, like the stock market in the 1920s. We will reach a 1929 eventually. But then it won’t go to zero, it just will come down."

This is one guy who when he says something is a bubble, people ought to listen.

Maybe bitcoins is a bubble but lets just take the advantage today that the bitcoins is now leading in the all cryptocurrency and the bitcoins is still the most successful and people still wants it even if the Government are saying a lot of bad things to them because bitcoins is still profitable that it why people are still believing in bitcoins instead of Believing that this is a bubble that will explode. Because even if bitcoins do not endorse themselves they do it in the outcome not always in words

You're missing the point. If Bitcoin is a bubble then there is no "taking advantage today" because all you're doing is paying for something far more than what it is worth (that's what a bubble is) and somehow hoping you're one of the ones who won't get burned. If you're buying assets at bubble prices, the odds are against you. And now that we've had several days of intense selling, perhaps the bubble is deflating and perhaps it isn't, but one thing that should make HODLers nervous is that Bitcoin isn't worth $18,000 one week and $10,000 the next. People hopped up on hype and FOMO paid $18,000 for something that was way over priced.

[unneros]

Another Nobel laureate came out against Bitcoin.

We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.)

However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash:  https://www.npr.org/templates/story/story.php?storyId=4679264.

Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now:



So yesterday, Shiller said this exactly about Bitcoin:

"Bitcoin, it’s just absolutely exciting. You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true. ... I don’t know where it’s going to stop. It’s going to go way up, like the stock market in the 1920s. We will reach a 1929 eventually. But then it won’t go to zero, it just will come down."

This is one guy who when he says something is a bubble, people ought to listen.

Because when the market becomes bubbles, they do not wipe after they start exploding. As now the market is exploding after a period of strong growth and many people wield everything when the mayor drop.

[darewaller]

Another Nobel laureate came out against Bitcoin.

We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.)

However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash:  https://www.npr.org/templates/story/story.php?storyId=4679264.

Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now:



So yesterday, Shiller said this exactly about Bitcoin:

"Bitcoin, it’s just absolutely exciting. You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true. ... I don’t know where it’s going to stop. It’s going to go way up, like the stock market in the 1920s. We will reach a 1929 eventually. But then it won’t go to zero, it just will come down."

This is one guy who when he says something is a bubble, people ought to listen.

Maybe bitcoins is a bubble but lets just take the advantage today that the bitcoins is now leading in the all cryptocurrency and the bitcoins is still the most successful and people still wants it even if the Government are saying a lot of bad things to them because bitcoins is still profitable that it why people are still believing in bitcoins instead of Believing that this is a bubble that will explode. Because even if bitcoins do not endorse themselves they do it in the outcome not always in words

You're missing the point. If Bitcoin is a bubble then there is no "taking advantage today" because all you're doing is paying for something far more than what it is worth (that's what a bubble is) and somehow hoping you're one of the ones who won't get burned. If you're buying assets at bubble prices, the odds are against you. And now that we've had several days of intense selling, perhaps the bubble is deflating and perhaps it isn't, but one thing that should make HODLers nervous is that Bitcoin isn't worth $18,000 one week and $10,000 the next. People hopped up on hype and FOMO paid $18,000 for something that was way over priced.

At the rate of $18,000 I felt like it is going to fall, so I stopped investing and withdrew the profits I made so far. Some people kept on investing with the intention that the price rate for BTC will reach at least $25,000 before falling. I know all those people might have lost their money by now, unless they will invest into trading and recover all their loss.

[jaysabi]

Another Nobel laureate came out against Bitcoin.

We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.)

However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash:  https://www.npr.org/templates/story/story.php?storyId=4679264.

Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now:



So yesterday, Shiller said this exactly about Bitcoin:

"Bitcoin, it’s just absolutely exciting. You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true. ... I don’t know where it’s going to stop. It’s going to go way up, like the stock market in the 1920s. We will reach a 1929 eventually. But then it won’t go to zero, it just will come down."

This is one guy who when he says something is a bubble, people ought to listen.

Maybe bitcoins is a bubble but lets just take the advantage today that the bitcoins is now leading in the all cryptocurrency and the bitcoins is still the most successful and people still wants it even if the Government are saying a lot of bad things to them because bitcoins is still profitable that it why people are still believing in bitcoins instead of Believing that this is a bubble that will explode. Because even if bitcoins do not endorse themselves they do it in the outcome not always in words

You're missing the point. If Bitcoin is a bubble then there is no "taking advantage today" because all you're doing is paying for something far more than what it is worth (that's what a bubble is) and somehow hoping you're one of the ones who won't get burned. If you're buying assets at bubble prices, the odds are against you. And now that we've had several days of intense selling, perhaps the bubble is deflating and perhaps it isn't, but one thing that should make HODLers nervous is that Bitcoin isn't worth $18,000 one week and $10,000 the next. People hopped up on hype and FOMO paid $18,000 for something that was way over priced.

At the rate of $18,000 I felt like it is going to fall, so I stopped investing and withdrew the profits I made so far. Some people kept on investing with the intention that the price rate for BTC will reach at least $25,000 before falling. I know all those people might have lost their money by now, unless they will invest into trading and recover all their loss.

People thinking they're going to "time" the crash or get out before it's "too late" are the epitome of clueless gamblers and I don't feel bad when they lose money. They took on a risk they didn't understand, jumping on a bandwagon they didn't understand, and expect that what goes down must come back up despite the fact that nothing in economics works that way. The future is not predictable, otherwise the field of economics wouldn't exist. And it's funny that an average person thinks they can jump into this and be among the elite operators/traders just on a whim. Reality is going to deliver a crushing check on people like that.

[jaysabi]

Just out of curiosity, all you adamant "every dip is a buying opportunity" folks, how is that working out for you? Did you follow your own advice and buy the dip at $17,000? Did you buy the dip again at $15,000? Were you buying the dips as they dipped below $12,000 and $10,000? Still confident at $8,000? Does $7,000 look like a good price now?

I've been warning this was a bubble, as have many others on this board and elsewhere. The signs were everywhere. Everyone raising questions about the sustainability of the price was not some big bank shill or someone threatened by crypto. Crypto is a great concept, but it was clearly a bubble.