Is Bitcoin now the biggest bubble of all time?

[stellgod]

First of all, we still don't know whether the recent crypto craze is a bubble or not. Even if it is a bubble, the largest market capitalization ever recorded was around $750 billion on December 2017. Compared to this, the market cap of the Dot com stocks in 2000 was close to $6 trillion. So even if this is a bubble, it is not the biggest.

I don't care if the cryptocurrency is a bubble or not because as long as i am making money and i am enjoying what i am currently doing then i don't care to the other people if what is their point of view in cryptocurrency. I want to enjoy and continue doing what i love about cryptocurrency and for me, it is not a bubble because big companies are embracing cryptocurrencies.

It’s not a bubble. Don’t compare Bitcoin with other currencies. Bitcoin has its own history and Bitcoin is a revelation it will soon gain its position again. Ups and down are involve many times in Bitcoin but it will works soon. Buy it on low market value and sell it when it reaches on top. Its all depends on market value. Think positive about Bitcoin it has potential and will go again. There is no comparison of Bitcoin with other currencies its price is unpredictable. Future is all about cryptocurrency believe in it and be positive hold your Bitcoin and wait for the good market.

[Dwarf42]

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?

At the present time, I am sure you can believe that bitcoin is definitely a bubble, bitcoin price after peak in late 2017 after reaching $ 19800 then the bitocin price immediately dropped. Bitocin has ruptured, bitcoin has dropped more than 70% of its value and has fallen below $ 6,000. According to my analysis, the market is currently bearish and bitcoin prices may continue to fall deeply in 2018 and possibly to the $ 1000 level.

[Magiklair]

I have never thought like this but after reading your post started thinking that there are certain features that Bicoin has making it similar to the bubble of all time. On the one hand, this is true but on the other hand, I consider this the greatest innovation ever

[AntonGrishko]

Bitcoin has been described to be the bubble. In reality bitcoin is all about the gradual growth and in between some large scale variations takes place. This has been interpreted as bubble which is not the real fact.

[biletskiy]

No! Bitcoin is not bubble! It is normal the we see that the price of the bitcoin is always changing because bitcoin has characteristics of being volatile. The value of the bitcoin is continuing to increase due to its solid community.

I cannot understand who and why are calling Bitcoin the bubble, scam, and whatnot? It is the best and the most powerful cryptocurrency of all the times.

[owlman]

No! Bitcoin is not bubble! It is normal the we see that the price of the bitcoin is always changing because bitcoin has characteristics of being volatile. The value of the bitcoin is continuing to increase due to its solid community.

I cannot understand who and why are calling Bitcoin the bubble, scam, and whatnot? It is the best and the most powerful cryptocurrency of all the times.

I believe that this is due to a lack of information. People can judge and call bitcoin a "bubble" without even knowing its technology and what it is all about.

[Chicksteen]

Bitcoin has been described to be the bubble. In reality bitcoin is all about the gradual growth and in between some large scale variations takes place. This has been interpreted as bubble which is not the real fact. Hope things will change when users get into deep analysis about the growth happening with bitcoin.

In fact, bitcoin has clear properties of the bubble, since without internal value and unsecured, it reached a very high price only by increasing the demand for it. We also know that the growth in demand for bitcoin was due to that. that people hoped to get a big profit from the growth of its price, that is, purely speculative interests prevailed. Many states have already paid attention to this property of the bubble, urging their citizens not to invest in bitcoin because it represents a big risk of losing the funds invested in it.

[abas_ir]

No! Bitcoin is not bubble! It is normal the we see that the price of the bitcoin is always changing because bitcoin has characteristics of being volatile. The value of the bitcoin is continuing to increase due to its solid community.

I cannot understand who and why are calling Bitcoin the bubble, scam, and whatnot? It is the best and the most powerful cryptocurrency of all the times.

I believe that this is due to a lack of information. People can judge and call bitcoin a "bubble" without even knowing its technology and what it is all about.

they just follow what the world's economists say. they only see in terms of value, but do not see technology that might be able to replace the world's financial system.

[Jembut Ireng]

What happens with bitcoin is a natural phenomenon, I'm sure bitcoin is not a bubble but purely transactions between users, if anyone says bubble then he does not understand decentralization.

[Grimjhow]

of course bitcoin is a bubble in the future. because for us bitcoin is also an easy investment that we use to make a lot of profit in the future because bitcoin price every day always goes up higher so for us bitcoin the future is very good.

[Bohxz M4p4gm4h4l25]

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.

Good observation, Bitcoin for me is the best bubble that occur in human history, successful thing is considered if it was relevant not only for oneself but also help other people to success, I guess Bitcoin is definitely siitable for that given the fact that it occur in digital age, it happens to be a rare way to earn, we cannot predict its price though.

[andriarto]

What happens with bitcoin is a natural phenomenon, I'm sure bitcoin is not a bubble but purely transactions between users, if anyone says bubble then he does not understand decentralization.

which they worry about if there is no trust from the user, so a lot of selling. this is what makes bitcoin fall after being on a hill. but that I think will not happen because more and more btc users

[satria stell black]

I'm not interested in buying it and I'm still interested in Bitcoin to become an all-time bubble. I'm sure Bitcoin is the single most valuable coin and can be a future coin. I will continue to buy Bitcoin and hold Bitcoin anytime.

[Dhimas Kanjeng]

Can be said so, I'm sure that bitcoin is the biggest bubble of all time because bitcoin values can go up and down hundreds or even thousands of dollars per day, but the most important thing for us is to get the profit from the bubble.

[Twentyonepaylots]

Many people are warning that we might be in a bitcoin bubble. Governments, banks, financial institutes, they all warn us to be careful although they're also into bitcoin. They all compare it with the tulip bubble, but the point is, we have not seen this bubble burst and it does not look like It's going to. There might be a correction, the price may fall to 14K or maybe even lower. But the price will remain above 8K, no matter what. So there's no bubble, at least, it won't burst.

Bitcoin is on different status now compared when this post wall created in 2017, A lot of speculation was hammered to Bitcoin early this year of 2018, yet the market corrected itself and the price value of Bitcoin stabilized to a more favorable to the Bitcoin project investors, it has a good fundamentals now,  the level of confidence is increasing with the new investors of Bitcoin project coming in, and some are just waiting for the right timing to get into the Bitcoin trading market. If we look back on the market preview we can say that Bitcoin price value on the market as posted when it goes down to the level that investors would ever think, the Bitcoin marketed correct itself after the hiccups on the trading, it was never a bubble.

[Tatars kun]

The creation of bitcoin heralded the arrival of digital or crypto-currency and has been regarded as a phenomenon. Since its introduction, it has experienced a meteoric rise in price and rapid growth accompanied by huge volatility swings, and also attracted plenty of controversies which even involved law enforcement agencies.

[Lorence.xD]

Many people are warning that we might be in a bitcoin bubble. Governments, banks, financial institutes, they all warn us to be careful although they're also into bitcoin. They all compare it with the tulip bubble, but the point is, we have not seen this bubble burst and it does not look like It's going to. There might be a correction, the price may fall to 14K or maybe even lower. But the price will remain above 8K, no matter what. So there's no bubble, at least, it won't burst.

The volatility of Bitcoin market on the treed is very apparent to happened, the price value may go down and goes up, depending the market movement on crypto currency trading. Bitcoin was hammered by a lot of issues like, the issue on Banned, Scammer, and now the, issue on Regulation by its country on Digital transaction of Bitcoin, This are just few of reason why Bitcoin price value goes down and up but not BUBBLE, if we look back on the market preview the market on Bitcoin project investment had survive the supposed Bubble, and we can see now a more favorable market trading investment for the Bitcoin and other ALT coin posted on the market. It was not a Bitcoin BUBBLE but it only a reaction to the issue posted vs.Bitcoin.

[tuikindu01]

The world's true financial expert and investment expert, warren buffett, believes that bitcoin "lacks intrinsic value in this digital currency". It seems that the stock god thinks bitcoin is a bubble. But Mr Buffett has also said that gold has little practical use compared to land, factories, raw materials and so on. Similarly, expensive diamonds don't have much use. Is the diamond intrinsically valuable? Do diamonds have bubbles?

Some people say that bitcoin is just a bunch of code, so it has no real purpose. This logic is wrong. Code can also have practical USES. It is because of a string of code of Internet technology, play a real role.

[tableofcontents]

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?

It is one hell of a bubble. But I think the price of Bitcoin will sooner or later stabilize. There problem here is that, there has to be some sort of regulation or permanent control in order to become stable. The only problem with this is that, once it becomes regulated by a single body, that single body will then have the control over the transaction that comes into place, and thus have a control on the economic growth and structure of a country. It will defeat of the purpose of Bitcoin becoming decentralized.

[kokorotomoto]

yes, I agree with your statements above.