Is Bitcoin now the biggest bubble of all time?

[jhean_arcane]

The media insists on saying that Bitcoins is a bubble. But up until now, it hadn't bust. Why? Because it is not a bubble. It may be very volatile now, but it doesn't mean it's just a fad. It had already established itself in the financial radar of the world and now it is taking root in almost everything. Plus, many may not like bitcoin but many accepts blockchain as a formidable technology. While blockchain exists, bitcoin will stay. You cannot separate the two.

So never believe that bitcoin is a bubble, because if it is, it should have already burst last year.

[1715575067]

1715575067

[BountyX]

What you have displayed is a very nice chart, however one important bubble is missing: the current derivatives market, which in 2018 is amounting to I even don't know how many quadrillions of dollars. Bitcoin's bibble is just a little drop in the sea compared to that. You may have a much better perception by watching a ghraphic representation:

https://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

[portotoi]

No way. Bitcoin is not the biggest bubble and can be never be a bubble. It is true that bitcoin sometimes decreases, but that does not mean it will become a bubble, because even its value goes down, still Bitcoin will recover. There are just some factor that makes bitcoin decreases its price but it never vanish.   

[South Park]

Maybe it is the biggest or it is not. But why are we even calling Bitcoin a bubble? I thought this is a word that is being used by those economists that are seeking for ways to destroy Bitcoin? And what is even a bubble? Is Bitcoin a bubble? Some of us here claimed that a bubble means that Bitcoin is being sold at a price rate it is not worth.

But I’m getting a different definition From Google and that is– a type of economic bubble taking place in stock markets whereby market participants drive stock prices above their value in relation to some system of stock valuation. Seems to have the same meaning. But is Bitcoin a bubble? And is market bubble a bad thing? After all it was caused by the rate of demand according to the definition I found online.

Bubbles are not necessary a bad thing a greater allocation of capital in an industry makes the development of that industry faster so it reaches the masses faster than it could have happen otherwise, the problem with bubbles are the effects on the individuals, a person that bought at 20k and now sees bitcoin at 10k probably does not care too much about the good aspects of the bubble and only cares about the money he lost.

[motoprose]

Fiat money is the biggest bubble, and it is up to the people to pay as much as they want.

Bitcoin has been around for nine years, and it's been five years since the so-called experts have been singing bubbles, to understand bubbles, to first understand inflation and deflation, bitcoin is deflation, tulips are inflation, and money is inflation.

Fiat is the biggest bubble?
Yet we all need to depend on it unless something comes along to compare to it's accessibility around the globe and is accepted where we go to use it.

Bitcoin is not there yet but when it does then we can all say your quote above.

[bitllionaire]

No way. Bitcoin is not the biggest bubble and can be never be a bubble. It is true that bitcoin sometimes decreases, but that does not mean it will become a bubble, because even its value goes down, still Bitcoin will recover. There are just some factor that makes bitcoin decreases its price but it never vanish.  

Bitcoin cannot be consider as bubble, but is is the need of the time and the increasing price of bitcoin is only because of the increasing number of bitcoin users and their interest. In future we can expect that its price will continue increasing for a long long time, because still bitcoin price is trading in low price and it has still too much potential to increase its price.

[terrific]

Call it what they want to about bitcoin. Bitcoin is a bubble? OKAY.
In everything that is gaining quick recognition and awareness and popularity they are calling it as a bubble.
But I wonder when they are going to call the banks are also bubble? They are protecting something so they are calling it as a bubble.

[curry101]

Yeah. Bitcoin is now the biggest bubble of all time becuase its value is unpridectable nobody knows if bitcoin is what exactly amount reach. Bitcoin is bounceback and after that he can fly to the moon. Bitcoin is the biggest and strongest coins of all time.

So you agree that bitcoin is a bubble? Then why are you here?  People will believe in bitcoin and some will not. Many people still holding bitcoin because they believe in it that it will be accepted world wide. I just ignore them when they say that, call bitcoin what  ever they want. Bitcoin will strongly face all challenges and it will be always on top.

[South Park]

If there is something that men aren't good to do, is to make evaluations about future.
If you read the past declarations of "experts" in any field, you can see how true it is:

-"nobody will lose his time to watch a wood box": it was the TV.
-"nobody will keep on his desk something called mouse"
-"640k of ram will be enough for any application" (oh, this one is from Bill Gates...)
-"there is a market for just 3 computers in the whole world"
-"the internet is interesting only for researchers and big corporations"
-"google is a bubble"
-"facebook is a bubble"

and so on

So, instead to listen to experts' predictions, it's not better to exploit this "bitcoin bubble"?

Many so called experts are not experts at innovation, they are experts of what it already exists this is why it can be so difficult to look ahead and predict what will happen, bitcoin may seem like a thing for nerds to some but most things related to technology begin like that until people begin to catch up and then adoption explodes and bitcoin will probably follow the same pattern.

[Arabella.Theo]

Bitcoin is knowwhere near the size of the dot com bubble. Not even a sniff

[jaysabi]

What you have displayed is a very nice chart, however one important bubble is missing: the current derivatives market, which in 2018 is amounting to I even don't know how many quadrillions of dollars. Bitcoin's bibble is just a little drop in the sea compared to that. You may have a much better perception by watching a ghraphic representation:

https://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

Derivatives aren't exactly a bubble because they aren't exactly assets. (Well, they are, but only under certain conditions.) They're essentially contracts, so to view the value of derivative contracts vs. asset prices isn't an even comparison. Derivative contracts pay out in certain situations, essentially a bet on whether or not something will happen (e.g. if the price of oil drops below $60 per barrel before 2018, you get paid money, and other contracts like that). Saying derivatives are a bubble is like saying Las Vegas is a bubble. It just doesn't make semantic sense because Las Vegas isn't an asset people are buying, it's an activity people are spending money on. That's not to say that derivatives, due to the amount of money involved, aren't a systemic global financial risk, because they absolutely are, but that's not the same thing as a bubble.

[obinine]

I unquestionably concur with this, Bitcoin is at the moment on associate degree insecure circumstance wherever within the price might dump whenever in its most passing unhealthy and therefore the pumping of the money were too moderate, that makes totally different monetary specialists to be anxious and to boot the WHO|people that|folks that|those that|those who} works and holds a profit who anticipates that for it'll air a superior price. The thoroughbred crash of Bitcoin is not incomprehensible as a result of the means that few nations has been forbidding Bitcoin to their states.

[DreezHoly]

well going with he rates at which people are accepting and adapting BTC it might just one day be the greatest currency there is. its usega is widearnge and safety guaranteed is one of its most attractive features,yet its not even fully developed.

[piter66]

I unquestionably concur with this, Bitcoin is nowadays on insecure circumstance wherever within the value could dump whenever in its most extremely unhealthy and also the pumping of the cash were too moderate, that makes completely different money specialists to worry and in addition the people that works and holds a profit who anticipates that for it'll air a superior value. The Affirmed crash of Bitcoin is not incomprehensible owing to the method that few nations has been forbidding Bitcoin to their states.

[00DKM@]

When bitcoin starts to form and develop. These suspicions always appear overwhelming on the pages of most popular magazines around the world. They call it a bubble, a money laundering organization. And even call for a boycott of bitcoin. But the result, bitcoin away from the unknown doubts to the development and the incredible popularity. Compared to the market downturn, the bitcoin value is still a desirable figure in previous years. The problem here. The reason why Japan supports and accepts as a legitimate currency and applies taxation in bitcoin auctions on commercial sites? It depends on the instinct to see and think of each person.

[Pendularin]

When bitcoin starts to form and develop. These suspicions always appear overwhelming on the pages of most popular magazines around the world. They call it a bubble, a money laundering organization. And even call for a boycott of bitcoin. But the result, bitcoin away from the unknown doubts to the development and the incredible popularity. Compared to the market downturn, the bitcoin value is still a desirable figure in previous years. The problem here. The reason why Japan supports and accepts as a legitimate currency and applies taxation in bitcoin auctions on commercial sites? It depends on the instinct to see and think of each person.

Yes, prices on bitcoin continue decreasing but not too fast and not totally called as a bubble.Bitcoin is slowly recovering its value because people believes that currencies still has a potential to be the future currency in all over the world, people think like this ,"I don't care about the prices  on bitcoin as long as bitcoin still exist in a future".That's why people still hodl their currencies .

[reynilynedago]

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?

maybe ? but this bubble will give to all people to invvest more in a low price so they will get a money or triple money if they invest in a low price and then they will sell it in a low price yes this is a biggest bubble but this bitcoin is biggest and fastest to increase than other investments imagine just in a month it or day it will pump 1k or 2k usd.

[SkvorNyc777]

I don't think that it is a biggest bubble ever - we'll probably see it cost 20.000$+ in future. It's a sign that it is not a bubble.

[carlisle1]

Bitcoin is knowwhere near the size of the dot com bubble. Not even a sniff

really nowhere the size of dot com bubble?wayback december last year yes it is,how it reachs the highest price it could ever with just a month.could you imagine how large is that amount and considering that its price has just pumped month before december then?bitcoin is bubble last december and that is the true?

[yvesp110]

Bitcoin is knowwhere near the size of the dot com bubble. Not even a sniff

really nowhere the size of dot com bubble?wayback december last year yes it is,how it reachs the highest price it could ever with just a month.could you imagine how large is that amount and considering that its price has just pumped month before december then?bitcoin is bubble last december and that is the true?

this December we are expecting something larger than the previous December so price of bitcoin this year will be highest price ever, I think we should make more investments, trying to get the huge profit will be my first priority so I have planning to put my capital bitcoin at this time of low price to sell it later at the high price, so I am going to hold it and never let the market of bitcoin down, bitcoin is the reality of all rich people in my society for me it’s not bubble but all bubble of profit are make with bitcoin only.