Did the Bitcoin bubble popped? Many questions

[ZaineJJ]

Hello people this is my on POV about BTC and so called "Bubble"
https://youtu.be/4bac7FlWGV0
Let me know what's your View about it below!

[kueyen]

According to coindesk the price as of now is $10.8K. So how is that a burst bubble? Even if had fallen back to sub $10K levels, it still wouldn't have been way better than OK when you look at the monthly trend. So my short answer is: no, the bubble did not burst.

[squatz1]

No, even if I do think this is going to have to come soon. It hasn't come yet. But if you are to really think about it, and stop drinking the kool-aid (bitcoin kool-aid) you'd be able to see easily that all of these analysts making projections are just a bunch of shit. Bitcoin is bound to come down at some point, and people are going to have to accept it that this is all a big bubble

The multi-billion dollar question is when this'll happen.

[Rebldomakr]

Definitely more of a correction, if that. I prefer to think of it like crashing through a barrier: the 10k barrier.
It wasn't smooth, and many people decided to count their winnings, while many more decided it was a good time to invest in this highly profitable and new market.
As such, we managed to hit 10k not just once, not twice, but around three times!
I suppose in many ways, we are lucky to see such an event.

[saidlik]

All you people say is that Bitcoin is a Bubble. I dont think so...it will rise and hit 1mil in future. Who would imagine 7 years ago it is going to hit 11K. Nobody.

Now we have 2 choices hold Classic currencies and trust our state or hold Bitcoin and trust in its power, trust that it can actually change the world. Until now we trusted and until now it grew.

[949miner]

Of course not, and please, stop creating this kind of threads in order to make people watch your video, i have seen that you did it before, and this is not first time that i see you posting this kind of crap.

I will report your whole post history if you keep doing the same, because you are doing clickbait.

Anyway, how can you say that the bubble has popped? it is impossible, and there is no way to see it happening, at least, not for now.

The priced droped by more than 17 percent yesterday, but now it is almost at the highest price that it touched during this week (we are at $11,000 , and the all time high was $11,400)

[shillberting]

A bubble bursting won't be small like that if it actually bursts then you can be sure something like 50-90% of the value will leave in a short amount of time. That won't be pretty and that will be your bubble bursting not this correction that happened a few days past. That was nothing!

[Cyberczar]

Calling bitcoin a bubble means that you have not understood its pattern or growth chart. Bitcoin is still on a bull run however you look at it.

A bubble is a product that is overpriced and everyone rushes in to get a piece of the pie. Now looking at the bitcoin situation and market. There's no way you're going to say that the coin isn't delivering on its value.

Today, bitcoin isn't seen just as a means of payment but an asset class and a lot of people are making a lot of money investing in it.

Bubbles usually burst because the product hasn't as much value as the value the market attributed to it. Also because it is oversupplied or because is hyped. I do not see the likelihood of an oversupplied bitcoin for the following reason.

Bitcoin is not easy to mine. Though miners are working hard to generate more bitcoins, it is obvious that the difficulty is getting higher. So bitcoin will be a difficult coins for a long time. The supply will always be less than the demand as  long as no government interferences.

Even that a government is anti bitcoin would have have little effect since most of the world population are not influenced by any one government.

[MiningSensei]

Do you really think that bitcoin is not a bubble? And your concept is wrong. Bitcoin is HIGHLY overpriced, but it is still giving profit to all of us, so we are fine with that.

A bubble is a product that is overpriced and everyone rushes in to get a piece of the pie. Now looking at the bitcoin situation and market. There's no way you're going to say that the coin isn't delivering on its value.

Everyone who says that bitcoin is not a bubble are the dumb ones, it is a giant bubble, but we dont know when it is exactly going to explode.

Maybe it can make a giant drop when it hits $100k, or maybe when it hits $50k, too. Or it can be tomorrow, we dont know when it will happen, but yes, it is a bubble, and a big one.

[Andre_Goldman]

probably not... every time a "psychological barrier" is broken it creates something that got fixed on people's memory ... 

such as $10, $100, $1000 .. $10000

[maimainguyen05]

It'll never being popped just because it's not a bubble ) Only liar said that Bitcoin is just a bubble ) Do you remember the guy name Jamie Dimon, CEO of JPMorgan Chase? He also said that Bitcoin is scam and bubble and then a lot of people afraid of that announcement and the sold their Bitcoin made Bitcoin price dump to under 3k$ then JPMorgan Chase had bought it back. LOL. Don't believe it. Bitcoin is the future of this world, it'll change everything.

[50ouncebrew]

It'll never being popped just because it's not a bubble ) Only liar said that Bitcoin is just a bubble ) Do you remember the guy name Jamie Dimon, CEO of JPMorgan Chase? He also said that Bitcoin is scam and bubble and then a lot of people afraid of that announcement and the sold their Bitcoin made Bitcoin price dump to under 3k$ then JPMorgan Chase had bought it back. LOL. Don't believe it. Bitcoin is the future of this world, it'll change everything.

To be fair, Jamie Dimon was most likely doing what I call "reverse pump and dump strategy"... instead of pumping an altcoin or whatever and then cashing out, Bitcoin is the opposite - first he trashed it and "dumped the price" and then comes in and swoops in and buys up all of these cheap coins being sold due to his FUD. Really an evil genius type of strategy and it works well.