Is Bitcoin now the biggest bubble of all time?

[Ewinsane]

I am not sure that bitcoin is bubble at all. Bitcoin development is going cause many people working on it and it so stupid to turn almost perfect currency into bubble.

It is bubble just for haters, not for real investors and true bitcoiners. All experts understand this fact that bitcoin is the future currency and people are in love with using bitcoin. Bitcoin is nothing like bubble at all, it is a blessing and the leading crypto currency.

I don’t think so the way bitcoin performed in last year, people are even going to think about declaring it a bubble. If it is said to be bubble just because of dumps and pumps, then whole market is a bubble.

[carodupuis]

I am not sure that bitcoin is bubble at all. Bitcoin development is going cause many people working on it and it so stupid to turn almost perfect currency into bubble.

It is bubble just for haters, not for real investors and true bitcoiners. All experts understand this fact that bitcoin is the future currency and people are in love with using bitcoin. Bitcoin is nothing like bubble at all, it is a blessing and the leading crypto currency.

I don’t think so the way bitcoin performed in last year, people are even going to think about declaring it a bubble. If it is said to be bubble just because of dumps and pumps, then whole market is a bubble.

I thought Bubble is when something (stocks/assets) are sold at a price rate that they are not worth. So my question is, is Bitcoin really a bubble? Was Bitcoin ever sold at a price rate it is not worth?

In my own opinion, I don’t really see Bitcoin as a bubble in any way, I don’t really know why people call it a bubble. I believe that Bitcoin is being moved by demand.

[jaysabi]

Bitcoin's price nine months ago was $1,000 and now the price is $12,000. How is the increase of 1200% a bubble?

Why do you compare tulips that no one need for living with a payment system? Does not make any sense in my opinion!

Because Bitcoin is a wanna-be payment system that sucks at payments. It can't keep a stable value and is susceptible to bouts of extreme unusability when it can't handle all the transactions waiting to be confirmed. Nothing about Bitcoin is essential, just like nothing about tulips during that particular mania was essential. The mass hysteria over tulips and Bitcoin and the blind faith that it will make you rich are the same.

[mklost]

Fiat money is the real bubble and the representation of value controlled by a few Corps, limiting the freedom of life for centuries.

[Semosuchi Tesongrato]

May be is it; so what?
You know, anything is a bubble on this planet; the planet itself will have an and.
This is not a good reason to not profit of something.
Actually, bitcoin allow huge profits. Enjoy them!

[Magister Magus]

Someone said that a bubble was a boom that the person describing the bubble was not invested in.
So, there are a lot of people that say bitcoin is a bubble.
In the meanwhile others become millionaire.

Let we stay in the second group... :-)

[k00d8]

With current volatility, it can certainly seem that way. It's definitely a bubble that has grown very fast. Only time will tell I suppose, egulation being the big one to Watch out for. Perhaps regulators can make it a bubble if they so wish.

[Vaculin]

With current volatility, it can certainly seem that way. It's definitely a bubble that has grown very fast. Only time will tell I suppose, egulation being the big one to Watch out for. Perhaps regulators can make it a bubble if they so wish.

Not a bubble for sure, it has a real technology and with the limited supply the price will  certainly grow since whales love to hold.
There is a correction but eventually the price will be back up soon, that is bitcoin and that is how powerful it is.

[Rafar8]

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.

https://i.imgur.com/s2WGkSi.png


Thoughts?

Commentators in the media are discussing the rapid growth of bitcoin, the price of which has surpassed the $ 10,000 mark. Most agree that bitcoin is a bubble, and the only question is when the bitcoin bubble bursts.

On the BBC, the author immediately admits that he personally enjoyed the growth of bitcoin profitable. In April 2016, he bought 0.17 bitcoins for $ 87, and in 18 months, his purchase was worth 1713 dollars. The author stipulates that most of all it resembles a bubble of a new generation - the "tulip fever" of the era of high technologies. However, despite this similarity, bitcoin has so far demonstrated enviable stability. During his rapid growth there were several cases when it seemed that he was about to fall in price. But whenever experts threatened that the bubble would soon burst, the currency simply slowed down for several days, after which it resumed.

During this race, the author notes, bitcoin has lost the main property of the currency: it is no longer used as an intermediary for exchange. A couple of years ago there was a lot of talk about how you can spend bitcoins. Some shops, pubs and cafes accepted payment in this currency, and it was considered fashionable. But now no one wants to spend it, because it seems to everyone that it is more profitable to wait until it is more expensive. In addition, transactions with bitcoin have become much more difficult than before, because the cost of transactions also increases, and the authorities of many countries treat them with caution, suspecting them as a sign of money laundering.

The main factor overshadowing the future of bitcoin is the energy cost of mining new ones. According to some estimates, the production and registration of new bitcoins now consumes as much electricity in a year as it takes to supply Ireland in the same year. Therefore, the higher the price of bitcoin, the less stable it looks from the point of view of both the economy and the environment. In this regard, the author concludes, referring to folk wisdom, it is important to monitor what the big financial players say. While they abuse investors buying bitcoins, for stupidity, like JP Morgan Chase in October, everything is fine. As soon as they begin to say that there is a future for crypto-currencies, this will be a signal that it's time to sell.

[jaysabi]

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?

Commentators in the media are discussing the rapid growth of bitcoin, the price of which has surpassed the $ 10,000 mark. Most agree that bitcoin is a bubble, and the only question is when the bitcoin bubble bursts.

On the BBC, the author immediately admits that he personally enjoyed the growth of bitcoin profitable. In April 2016, he bought 0.17 bitcoins for $ 87, and in 18 months, his purchase was worth 1713 dollars. The author stipulates that most of all it resembles a bubble of a new generation - the "tulip fever" of the era of high technologies. However, despite this similarity, bitcoin has so far demonstrated enviable stability. During his rapid growth there were several cases when it seemed that he was about to fall in price. But whenever experts threatened that the bubble would soon burst, the currency simply slowed down for several days, after which it resumed.

During this race, the author notes, bitcoin has lost the main property of the currency: it is no longer used as an intermediary for exchange. A couple of years ago there was a lot of talk about how you can spend bitcoins. Some shops, pubs and cafes accepted payment in this currency, and it was considered fashionable. But now no one wants to spend it, because it seems to everyone that it is more profitable to wait until it is more expensive. In addition, transactions with bitcoin have become much more difficult than before, because the cost of transactions also increases, and the authorities of many countries treat them with caution, suspecting them as a sign of money laundering.

The main factor overshadowing the future of bitcoin is the energy cost of mining new ones. According to some estimates, the production and registration of new bitcoins now consumes as much electricity in a year as it takes to supply Ireland in the same year. Therefore, the higher the price of bitcoin, the less stable it looks from the point of view of both the economy and the environment. In this regard, the author concludes, referring to folk wisdom, it is important to monitor what the big financial players say. While they abuse investors buying bitcoins, for stupidity, like JP Morgan Chase in October, everything is fine. As soon as they begin to say that there is a future for crypto-currencies, this will be a signal that it's time to sell.

Enviable stability??? Zoom out on the price chart a bit and identify which part has demonstrated any stability, let alone enviable stability, which I would peg to a high standard. In the past 30 days, the price has halved from $12,000 to $6,000 and then rebounded to near $12,000. Nothing about those price movements or the time scale they happen on suggests any bit of stability to me.

[BTC-Market]

Now, Bitcoin has claimed its place in history as its price has increased 17 times in just a year and 64 times in three years. It's not normal situation. I agree that Bitcoin is the biggest bubble ever

[linshuhow]

Yes, I agree it is probably a bubble and can crash anytime soon.

[viavalenttt]

Element of me feels compelled to indicate growth charts describing automobiles replacing horse driven carriages resembled a bubble. The expansion of personal computers and os manufacturers like microsoft resembled a bubble, as they substituted more traditional paper path based office systems.

1 valid question may be whether crypto currencies signify the next evolution of banking and electronic repayment systems. If a circumstance could be produced for bitcoin eventually making banking systems and electronic fiat useless. What we could be seeing is what occurs someone succeeds in inventing an improved mousetrap. In that case, bitcoin wouldn't be a bubble, it could better be described as the near future? If that makes sense.

It may come down to how a great deal of reputable need there is for technologies like bitcoin. Which something that isn't easy to measure as much as I know. If perhaps there's a real and dire need for bitcoin and crypto currencies which will sustain their progress, it may well not certainly be a bubble at all.

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

[arthur25]

According to the graph basically yes bitcoin is the biggest bubble at all times. Big differential from one amount to other amount. The graph shows up that bitcoin is the only one who have the record of big bubble ever. Then alts secondly before bitcoin.  Alts will always goes to second position.

[Brunusmagnus]

Well, may be it's the biggest bubble, or may be it's the best investment of all time!
Nothing is a bubbly, until it explodes.
So, bubble or not, focus on the opportunities that this "bubble" is offering, and... go out before its explosion :-)

[markk94]

as what you thought of, what i can thought of is when it is not completely gone, then it is not a bubble that popped. bitcoin is more like a elastic ball that is lack of wind in it. i think it is just a bearish phase that could be happened in this world of investment. just a matter of time that bitcoin would rises again after some down. cheers!

[minthit]

The difference is Tulip is of no use and there's unlimited supply, right? Even if bitcoin is a bubble, it won't happen so like tulip IMO.

As soon as they begin to say that there is a future for crypto-currencies, this will be a signal that it's time to sell.

I feel the same too, but I still can't figure out why though. Maybe that's from what I've learned which says 'when everybody is buying, start selling' or something like that.

[GalaxyWorld]

If this happens, I think there are a lot of people who are suffering because now I see a lot of people investing all their money in the market. And now the money invested in this market is huge. It has given me a lot of profits before, but I'm worried too.

[darkywis]

I believe that bitcoin is not a bubble it just drop big time because of all the fuzz happening and now its correcting it flow.

[Cryptomagnus]

When people see a growth that they can't understand (or that they lost), they call it "a bubble".
Anything will have an end, so anything can be called a "bubble". But in the meanwhile, you can use it and make a profit.