Is Bitcoin now the biggest bubble of all time?

[vhns222]

But what is bubble ?what we mean saying the bigest bubble in history is USD i think as they just as more as they want who knows how much usd we have in the world that is real bubble.

[pedangrusak]

bitcoin will continue to provide profit bubbles for us to hold coins and that is certainly because bitcoin has many benefits for the people now and this potential will continue to grow. at this time the crypto price has decreased and this is the right time for you to increase the value of crypto investment so that profit generation in the future is better

[Cling18]

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?

I believe it's not. We all know that crypto is volatile but that doesn't mean that we'll just end up with nothing. It is important that we'll know how to handle the changes here. Crypto isn't a bubble but rather volatile and it has proven us a lot so we should not doubt about it.

[Osayo]

Bitcoin is not going to following the disappointed trend of such previous bubbles. It is a different phenomenon on its own. Bitcoin is money, and as such there will always be an increasing demand for it.

[Otsu]

Looking at the graph of OP, still bitcoin now is not consider as a bubble. Compared to Tulip Mania where it only last 3 years, bitcoin is till having a good value for almost 5 years. Perhaps, it will last long enough and probably will bounced back ahead on it's price.

[aryatrals]

You can`t compare bitcoin with bubbles that are already bursted.
What if the bitcoin price becomes more stable and the bitcoin "bubble" never bursts,which means that bitcoin actually  isn`t a bubble?This is just a suggestion,i still think that it is a bubble,but i`m not 100% sure.
Bitcoin will be something like IBM for the IT industry back in the 80s.A giant that will be replaced by other big corporations.I want btc to survive ,but altcoins like ethereum and monero will be the future of the crypto world.

the increase in the bitcoin exchange rate will always occur, but a decline will also occur, an event like this could happen because there is excessive market demand, but if the market demand has experienced saturation then what happens will be a decline, and the market will look for alternative products to be able taken advantage, so bitcoin will experience a saturation point and will soon be replaced by new coins, but everything will happen temporarily.

[STT]

Its impossible to mark the graph accurately because the value of dollar is not fixed or known especially accurately.     The biggest bubble is this one:


Thats the ten year treasury debt rate which was never this low even when US was a net exporter, the worlds largest and offering exchange in gold for any dollar.  

If the measurement of all the bubbles is in a unit which is itself inaccurate and subject to change then its hard to be accurate in the bubble comparison.    Pretty sure the US debt is the largest bubble to answer the OP question

I'll edit in this article I saw just now which basically seems to say the world cant afford higher rates then now (despite it being near an all time low).   Its likely true, but the reason is that dollar is especially overvalued https://www.wsj.com/articles/quantitative-tightening-not-now-11544991760

[Sadlife]

Not really if you read lots of news and articles, fundementals and watch some educational videos related to crypto you'll know that the price is currently being manipulated by fake volumes produce by mostly chinese exchanges and the second cause is big names like JP morgan and wall street investors purposely spreading FUD. I have my speculations to why they're doing this. You should expect a massive bull run soon.

[wahyu wida]

Not really if you read lots of news and articles, fundementals and watch some educational videos related to crypto you'll know that the price is currently being manipulated by fake volumes produce by mostly chinese exchanges and the second cause is big names like JP morgan and wall street investors purposely spreading FUD. I have my speculations to why they're doing this. You should expect a massive bull run soon.

FUD is making anxiety for investors, not a few of those who panic sell so the consequences are like what we can see today, but something fake will certainly return to normal. and we are patient for that

[jjjfff]

The US Dollar and fractional reserve banking are the greatest bubbles of all time.

All currencies that followed its system, printing money indiscriminately to pump markets and to rob The People are also a bubble.

The world is sitting on U$ 170 TRILLION DOLLARS IN DEBT


This debt is inexistent value, it was printed money. No economy in the world will ever cover this debt. This money is vapor, inexistent, printed to enrich a handful of thieves.


This is from earlier this year: https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers

Debt has already grown more than 6 trillion since.

[Ozero]

Yes, most likely that Bitcoin, like the whole cryptocurrency, is a bubble. However, it is also a new technology. Along with the national money of the states, cryptocurrency can be successfully used as an additional means of payment. The main thing is to always remember about the high price risks when investing in cryptocurrency. Therefore, it is not worth investing in significant funds cryptocurrency. Here you can get a good profit, but you can lose all your money. Cryptocurrency does not create material values, it only redistributes them. However, it creates significant facilities that can be expressed in material terms.

[clololck]

I don't think this is the biggest bubble in the history of Bitcoin. The future bubble will be even stronger. The world needs bitcoin, and bitcoin will take off again. This has nothing to do with Dutch tulips, and those who make a profit are brave.

[andrei56]

Many speculate that bitcoin is a bubble and they say that bitcoin is going to disappear because of it but if that was the case don't you think that bitcoin should have disappeared already? And the fact that bitcoin is still here should be proof enough that bitcoin is not a bubble and it is going to be here for a long time, it also does not help that the ones that say that are the ones that will like to see bitcoin disappear.

[andika2018]

Many speculate that bitcoin is a bubble and they say that bitcoin is going to disappear because of it but if that was the case don't you think that bitcoin should have disappeared already? And the fact that bitcoin is still here should be proof enough that bitcoin is not a bubble and it is going to be here for a long time, it also does not help that the ones that say that are the ones that will like to see bitcoin disappear.

Indeed, if bitcoin is a buble, i am believe nasdaq wont trade it in near future. Beside that, many big finance institution already make statement about want to invest in this market. Crypto and bitcoin is the future of payment and bussiness platform and i am believe it will growing fast and helping our economic

[lutfi-hasan]

I think Bitcoin hasn't ended here, and the bubble will never happen for Bitcoin, the increase in Bitcoin prices at the end of 2017 is normal in the stock business, so for now Bitcoin is decreasing as well is the reasonableness that often happens to Bitcoin, so if you want big profits, then immediately buy Bitcoin at the current price.

[sakokinak]

But what is bubble ?what we mean saying the bigest bubble in history is USD i think as they just as more as they want who knows how much usd we have in the world that is real bubble.

My friend, probably, the author of this question simply do not know much about the cryptocurrency and its history. He could hear the talk of people that were calling BTC a bubble, and he simply started to worry. Bitcoin is the best crypto.

[kaizerblitz]

For me it is no, Bitcoin have a great potencial in the future just like discovering the use of the internet. The bubble happen on that is just a normal thing for me and it will comeback soon and possible that can create another ATH (All Time High) price. Let's be patience first and wait for the bull runs again.

[ufalo3]

Bitcoin is not going to following the disappointed trend of such previous bubbles. It is a different phenomenon on its own. Bitcoin is money, and as such there will always be an increasing demand for it.

Bitcoin is not the money as many people think. It is more an asset. naturally, BTC cannot be called a bubble - take only a fact that it has been living for more than 10 years already.

[bitbunnny]

I'm not sure that bubble is the right word for Bitcoin. Usually bubbles don't last so long and there is usualy some scheeme behind it.
But Bitcoin is definetely some kind a phenomenon, new technology that made a huge success in relatively short period of time and definetely five or six years ago no one expected that it will achieve such value.
And the game is not over yet. I strongly beleive Bitcoin is here to stay and this phase now with the low price is just one of many that will come along with those good ones too.

[wahyu wida]

I'm not sure that bubble is the right word for Bitcoin. Usually bubbles don't last so long and there is usualy some scheeme behind it.
But Bitcoin is definetely some kind a phenomenon, new technology that made a huge success in relatively short period of time and definetely five or six years ago no one expected that it will achieve such value.
And the game is not over yet. I strongly beleive Bitcoin is here to stay and this phase now with the low price is just one of many that will come along with those good ones too.

this was said for those who were hit by panic with the current price decline, their trust seemed to be slackening. but they will be relieved when they see the green coin price, and we hope they don't spread panic to other bitcoiners