Is Bitcoin now the biggest bubble of all time?

[selen]

looking at the TS chart .. it is. the way it has grown, inclines to support that idea. that doesnt imply that if it falls it will not grow again. it has to find the ground some how

[Chosenpai]

Bubble or not as long as we earn from bitcoin, who cares? I think if bitcoin is a bubble it had already burst. Right?

[Casdinyard]

Bubble or not as long as we earn from bitcoin, who cares? I think if bitcoin is a bubble it had already burst. Right?

Absolutely. Bubble or not still bitcoin is bitcoin and we're all profiting with it. I just don't get it why people always says that bitcoin is a bubble when the truth is just in front of their faces. We've seen how it struggle and when it recover it just surprise us whenever it bounce back.

[hurremshaikh295]

I do think Bitcoin is the biggest bubble of all time, just check the price chart. Yesterday it's 19k and boom , one day it's now 16k.

[BagzMM]

In my understanding the spike is due to the high demand of bitcoin. Many investors are now watching on it. The popularity of bitcoin is now increasing. In the next year bitcoin will still manage on top and continue its popularity.
Its not a bubble.

[jaysabi]

I think Bitcoin is the best investment opportunity of all time, therefore in a sense, yes I do believe Bitcoin is the biggest bubble of all time. Thinking about it in that sense. Although I think we are still in 1994 in crypto compared to the dotcom boom. Why? Because there still isn't a reliable interface to use Bitcoin and it isn't liquid enough. When Windows 95 came out it revlutionized computers being used in personal envornments and we need a Windows 95 of crypto and then the bubble will truly be the biggest bubble of all time.

There's quite a difference between a sound investment and a bubble. Knowing something is a bubble should automatically mean you don't want to be invested in it, because otherwise you're acknowledging that the price is irrational but think that you can profit off it before it pops, which comes without warning. If people could get out of bubbles before they popped, there'd be no such thing as bubbles. The nature of a bubble is the unpredictable nature of the collapse. A sound investment probably doesn't appreciate as quickly as a bubble, but it doesn't crash like it either, and is a stable investment rather than an irrational, unpredictable one.

[youdacapt]

I think Bitcoin is the best investment opportunity of all time, therefore in a sense, yes I do believe Bitcoin is the biggest bubble of all time. Thinking about it in that sense. Although I think we are still in 1994 in crypto compared to the dotcom boom. Why? Because there still isn't a reliable interface to use Bitcoin and it isn't liquid enough. When Windows 95 came out it revlutionized computers being used in personal envornments and we need a Windows 95 of crypto and then the bubble will truly be the biggest bubble of all time.

There's quite a difference between a sound investment and a bubble. Knowing something is a bubble should automatically mean you don't want to be invested in it, because otherwise you're acknowledging that the price is irrational but think that you can profit off it before it pops, which comes without warning. If people could get out of bubbles before they popped, there'd be no such thing as bubbles. The nature of a bubble is the unpredictable nature of the collapse. A sound investment probably doesn't appreciate as quickly as a bubble, but it doesn't crash like it either, and is a stable investment rather than an irrational, unpredictable one.

Already seen potentially damaging bitcoin waves, many see intervention from bch that makes bitcoin unstable, the bubble potential is very strong because bitcoin does not have a strong attachment in the future where something that can not be controlled will be played by some mafia who want to use everything to have bitcoin on a large scale, bitcoin is feared to be controlled by the group and this is still a heated debate.

[Jedie22]

Bubble or not as long as we earn from bitcoin, who cares? I think if bitcoin is a bubble it had already burst. Right?

Absolutely. Bubble or not still bitcoin is bitcoin and we're all profiting with it. I just don't get it why people always says that bitcoin is a bubble when the truth is just in front of their faces. We've seen how it struggle and when it recover it just surprise us whenever it bounce back.

I agree, what ever happened from ups and downs bitcoin still the dominant crypto currency. As I observed on the bitcoin, it doesn't the end to its bubble, since its give a good performance on this year. Bitcoin is really transparent and unpredictable value as it gives financial support to each and everyone of us throughout the world and every one can keep support the bitcoins in the public ledger system through the blockchain technology having all the transactions are recorded in the blockchain network. Soon in the future bitcoin will be implemented as the mode of transaction that makes everyone of us be comfortable.

[Bardman]

Part of me feels compelled to point out growth charts depicting automobiles replacing horse drawn carriages resembled a bubble. The growth of personal computers and operating system manufacturers like microsoft resembled a bubble, as they replaced more traditional paper trail based office systems.

One valid question may be whether crypto currencies represent the next evolution of banking and electronic payment systems. If a case could be made for bitcoin eventually making banking systems and electronic fiat obsolete. What we could be seeing is what happens when someone succeeds in inventing a better mousetrap. In that case, bitcoin wouldn't be a bubble, it might better be described as the future? If that makes sense.

It could come down to how much of a legitimate need there is for technologies like bitcoin. That's something that isn't easy to measure as far as I know. If there's a real and dire need for bitcoin and crypto currencies which will sustain their growth, it may not be a bubble at all.

Also keep in mind the chart which depicts bitcoin's growth could be misleading. Bitcoin reached an all time high of greater than $1,000 around 2014. A case could be made for btc trading at nearer to 10x its ATH, which could be sustainable, rather than the 40 to 60 x some cite back to around 16 months ago.

The blockchain is amazing, bitcoin not so much, at least not as payment or currency. It just doesn't work with such high fees and it's still slow, I can buy stuff with paypal instantly, not with bitcoins. It is the biggest bubble for sure.

[nhattori27]

Bitcoin is a revolutionary digital currency. It's rise has been unprecedented. It is also a very volatile currency. No other bubble can match that of bitcoin.

[TeLlMeFrY]

I think that the BTC is not something like the Tulip, they really have a great value and is definitely a disruptive coin/technology. However, it´s pretty hard to know if the current value is too high or too low because on the one hand, the recent big raise in the valuation of bitcoin could be due to many people who is buying BTC wishing to get riches and without any interest in the use of the coin (like a bubble, so the real price could be lower). But on the another hand, everyday it´s being adopted for more people and industries that let us dream with a BTC with a higher valuation. So the only thing that we can do is wait and see if it was the biggest bubble or the greatest investment opportunity of all time.

[Willeampere]

I do not think Bitcoin is a balloon, but people are thinking differently in the face of Bitcoin's influence. They are trying to evil Bitcoin because they have never seen such a currency. Actually, those who are experienced in the stock market do not think like that. Stockbrokers have more logical ideas.

[shesheboy]

this bubble/tulip thing has been discussed all the time and i can still stay that bitcoin is not like that because bitcoin is still here alive and kicking.

I do think Bitcoin is the biggest bubble of all time, just check the price chart. Yesterday it's 19k and boom , one day it's now 16k.

i think that is called a crash and not a bubble because a bubble is something that pops out and never comeback again but on our case now bitcoin has still recovering and starting to move up again.


but overall bubble or not, i will still accept if what will the outcome of bitcoin becase there were still many coins out there that we can use as an alternative option if bitcoin will dissapear completely  and pops out of thin air.

[bestbiz9]

I don't think so.Bitcoin investors are little bit cautious  and also being year end and holiday season coming up,many are selling (booking profit),so bitcoin is quite stable and not spiking/volatile as we have seen in last few weeks.But it will surely go up in the new year.Right time to buy on dips and hold for long term

[taiwww]

You cannot call bitcoin as a bubble until it bursts. Bitcoin is constantly growing since its birth.  It a currency as well as a good asset. There were many bubbles in the history like Tech bubble, South sea bubble, Mississippi bubble, I.T.bubble or even real estate bubble. In all these cases prices traveled only in one direction firstly upwards and the downwards. Bitcoin currency is not like that, it is a volatile currency, it is moving in both directions. After every considerable rise there is a downfall/profit booking. Bitcoin have all the qualities of a good currency.

[giveen]

It might be so say gold was also a bubble but still in the case of gold the price didn't rise by such a high percentage in such a short time.

There were surely situations like this in past the only difference is btc is the most famous one among all the bubbles occured in past. A part of me still feels this might not burst anytime soon, there are chances during new year or even Christmas but after these it's gonna grow more.

[Chosenpai]

It might be so say gold was also a bubble but still in the case of gold the price didn't rise by such a high percentage in such a short time.

There were surely situations like this in past the only difference is btc is the most famous one among all the bubbles occured in past. A part of me still feels this might not burst anytime soon, there are chances during new year or even Christmas but after these it's gonna grow more.

To think that bitcoin right now is still going up. The fear of others that bitcoin is just a bubble can't be taken away. If you are scared of bitcoin is just a bubble or not, you should not invest in it.

[criz2fer]

I would still believe that bitcoin today would be the biggest buy gain. Unlike from the other bubble your pertaining to, they are being dump because products for being replace by the innovation. Bitcoin still improving its platform to continue its services for its users that why I think it will still improve in the future.

[AlexandrInt]

The Dutch Tulip Mania is one of the most famous bubbles of all time, for the scale of the bubble, the scale of the collapse, and probably including the seemingly obvious nature of the bubble considering the extremely limited functional utility of tulips. Bitcoin has now surpassed the multiples of value appreciation at the height of the Tulip Bubble (and by a wide margin). While this itself is not proof that Bitcoin is a bubble or that a collapse is imminent, it's worth considering if there's a lot more risk buying at this price (currently bouncing around $17,000) than anyone on these boards seems willing or able to recognize.




Thoughts?

He basically was a bubble before, only it was not so noticeable, but now even more so. The price here was only 20k and already watch 16k, quite a big race. And no one can say what will happen in a day, a week, a month.

[novhitadaloma]

"I think this [digital currency] will be the biggest 'bubble' in our lifetime.