Is Bitcoin now the biggest bubble of all time?

[audrey12]

Many people are now shifting to alts after a few days of dropping in bitcoin price and they are right like a bubble that goes up very high in just a snap of a finger almost 30% of bitcoin price gone without any signs of recovery while continuously dropping. Is this really just a sort of fluctuations? Or should I agree that bitcoin is really a big bubble. I'm still hoping for the best to happen

[bitcoinvamp]

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?

For the present time bitcoin can be considered as a bubble for some reasons as it has increased its price from 4000$ to 17000$ in just 3 months and it is a huge margin and also if we see current statistics it has dropped to around 14000$ and is still coming down . I am not absolutely sure on this and no one can be sure but there may be chances that in few years the bubble may explode.

[Anco_Marzio]

Well, you know, anything in life can be considered as a bubble, as for sure one day it will end.
But in the meanwhile, there are a lot of opportunities to make some gains :-)

[butcherme]

It's true, since bitcoin price can fluctuate a lot, it's really bothersome. However, the reason why bitcoin is profitable is also because of it's volatility. Just keep in mind when investing bitcoin, you should be ready for the sudden price surge or fluctuation. Bitcoin can either be profitable, or it can give you thousands of dollars of loss.

[Bardman]

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?

For the present time bitcoin can be considered as a bubble for some reasons as it has increased its price from 4000$ to 17000$ in just 3 months and it is a huge margin and also if we see current statistics it has dropped to around 14000$ and is still coming down . I am not absolutely sure on this and no one can be sure but there may be chances that in few years the bubble may explode.

Well, to be fair, 14k is still a lot, I would just call this a correction but eventually it will probably explode or die if current issues are not solved. I do think however that after 1-2 days it will just climb back up again.

[Domenc]

Bitcoin is rolling back now to $12598.36, so can you claim it as bubble bursting. I don't think so as I believe bitcoin will regain its value in the coming days. Its only a correction that was much awaited from a long time, this may lead to stabilization and correction its value nothing else. It will regain its power after couple of weeks. Last few weeks have been like a roller coaster and the rise of bitcoin is stepping back now. But bitcoin as biggest bubble, probably yes as such great highs and lows were never seen before.

[Koadharber]

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?

For the present time bitcoin can be considered as a bubble for some reasons as it has increased its price from 4000$ to 17000$ in just 3 months and it is a huge margin and also if we see current statistics it has dropped to around 14000$ and is still coming down . I am not absolutely sure on this and no one can be sure but there may be chances that in few years the bubble may explode.

Well, to be fair, 14k is still a lot, I would just call this a correction but eventually it will probably explode or die if current issues are not solved. I do think however that after 1-2 days it will just climb back up again.

This is true which if we do actually see on how bitcoin did able to increase its price this year then 14k range is still a lot and still a considerable price range. For those people who do panic saying that it is a bubble is those people who did bought on 20k price.   . This is indeed a price correction or a moment of profit taking which isnt really new on this bitcoin world but expect price recovery would really comes after next.

[Drixy]

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?

Cant help it if they change interest just bear with it dont fight the current just go with the flow if bitcoin decreases or increases learn to accept not to reject. It may be a bubble but look at the benefits that bitcoin gave you.

[jagadlangit]

i think bitcoin now is not the biggest bubble of all time
because cryptocurrency world is very unpredictable and we dont know what will happen next

[jaysabi]

Many people are now shifting to alts after a few days of dropping in bitcoin price and they are right like a bubble that goes up very high in just a snap of a finger almost 30% of bitcoin price gone without any signs of recovery while continuously dropping. Is this really just a sort of fluctuations? Or should I agree that bitcoin is really a big bubble. I'm still hoping for the best to happen

Currently, nobody is shifting to alts. Everyone is fleeing everything. If people were shifting to alts, you would see a drop in bitcoin and alts either rising or remaining constant on a USD basis (thus, gaining vs. bitcoin). That's not what is going on. At the present moment, 46 of the top 50 cryptos by market cap are down at least 25% on a USD basis, with the vast majority of them being down a brutal 30-45% in the last 24 hours. Only 1 crypto is actually up out of the top 50.

It's too soon to say this is the bubble bursting. That will depend on if it just inflates again afterward. This market is irrational, and the people buying have irrational expectations. Knowing that alone is enough to make me anti-HODL. On top of that, Bitcoin is a terrible network. We're up to 300k unconfirmed transactions and it just can't scale. I expect if Bitcoin keeps dropping and taking everything with it, it will either be the end of the bubble, or if/when money starts flowing back in, it will go to alts at that time more than Bitcoin.

[bambazamba]

Bitcoin is certainely not a bubble . Don't you think that we need to wait until we rush to make judgements ?
Many such startups were considered bubbles in the past when they were going high and attaining the best possible publicity . Actually such views and some dishonest users who simply dump bitcoin when they see the opportunity in other acts as a pin inorder to burst the bubble.   

[jaysabi]

Bitcoin is certainely not a bubble . Don't you think that we need to wait until we rush to make judgements ?
Many such startups were considered bubbles in the past when they were going high and attaining the best possible publicity . Actually such views and some dishonest users who simply dump bitcoin when they see the opportunity in other acts as a pin inorder to burst the bubble.   

Many startups were considered bubbles in the 90s, and guess what... many were. First, you're certainly right that it's too soon to call this the bubble bursting. It's also probably too soon to conclude it was a bubble. If Bitcoin is going to go right back up, then it's hard to conclude the bubble burst, but it doesn't say anything about the overall mania not being a bubble. This market is intensely irrational. We will only know with the benefit of hindsight and ample distance whether this was a bubble. But seeing how irrational the market is, I'm not betting on Bitcoin. There are plenty of cryptos that are better suited to being Bitcoin than Bitcoin itself, so if crypto adoption continues, it seems more likely to me that it will be all the better, more useful cryptos getting the attention than Bitcoin.

[Blue2012]

I dont think so, because bitcoin is not that bubble, maybe it goes down but it will goes up again. And I think ,that is the risk what we are talking in the world of investments, and also we should also try other altcoins also if possible.

[Clairvoyance]

The newbies who bought on the hype train of $10000 are now cashing out their profit. They fear that Bitcoin might not overcome this dip but from all the FUD and bleeding, Bitcoin will continue to rise.

[BillCoin]

The price may be a bubble right now, but if you are a long term holder, then you shouldn't be caring about buying right now, because if in the long term it is going to be mainstream then you are going to be really rich.

If you want to buy bitcoin for the long term and you are not really a believer, then I wouldn't buy right now and I would be waiting for the price to decrease a little bit, as I think that the price has been increasing too fast recently and may see a sudden decrease soon!.

TLDR, if you are a true long term believer, then you shouldn't be caring of the price being a bubble or not a bubble.

[barnes13]

I think people who said that what's happening nowdays about Bitcoin is bubble because they knew about Bitcoin in about a year, and this year Bitcoin price hike is fantastic, I think it's not bubble, Bitcoin can go down but not like other down and finally no valuable at all and become trash, decline in Bitcoin price only market correction.

[Stooked]

Bitcoin based on computer learning, developers and numbers i trusted in numbers.


bitcoin is bubble for massive price but generally bitcoin have future

[signaturecoin]

Oh so here goes the same question asked one more time.. How many times are you all going to post the same question?

How many times are we going to see that a new guy has asked "is bitcoin a bubble?" Came on, bitcoin might be a bubble, but sometimes it decides to popup and go down. But we all know the real potential that it has.

[omorfi]

This is a very healthy correction for bitcoin. You can see similar corrections when you look at the long-term price chart. But i still wanna buy bitcoin cash after a while. Some big investors are shifting to BCC investment i think.

[jaysabi]

The price may be a bubble right now, but if you are a long term holder, then you shouldn't be caring about buying right now, because if in the long term it is going to be mainstream then you are going to be really rich.

If you want to buy bitcoin for the long term and you are not really a believer, then I wouldn't buy right now and I would be waiting for the price to decrease a little bit, as I think that the price has been increasing too fast recently and may see a sudden decrease soon!.

TLDR, if you are a true long term believer, then you shouldn't be caring of the price being a bubble or not a bubble.

Crypto can become mainstream without bitcoin being valuable. It's increasingly likely that crypto will continue to increase adoption and that some other more useful coin will replace Bitcoin. Bitcoin Cash doesn't have the current congestion or scaling issues, although I'm not particularly keen on the way it was split off. There are other more worthy replacements. Litecoin is good, Dash is good, Ripple actually has corporate utility that these others don't, so there are plenty of other alts that are more worthy than Bitcoin itself at this point, so make sure you factor that into your investing thesis.

The success of crypto is not the same as the success of Bitcoin. If you're a long term Bitcoin holder, you absolutely should be concerned that Bitcoin is a bubble, because the bubble could burst on you before you can get out.