Largest bubble ever? Only the fourth so far!

[XCANA]

Yes it's a bubble buy a long one. Recently many people has been claiming that bitcoin is a bubble or a scam but most of this people are economist, bankers, gold investors they are mad on how can a ordinary people can make lots of money just by investing thousands that's why they spend most of their time accusing bitcoin as a ponzi scheme. Cause they can't accept that their fiat currency has been bested.

Please can you quote any economists whom you are referring to? If not, you are just making an aligation that is baseless and unfounded it will be good for you substantiate your allegation when making such a comment in a forum like Bitcointalk.

[Ranly123]

1 Bitcoin 2011
2 Bitcoin end 2013
3 Bitcoin early 2013
4 Bitcoin 2017 (ongoing...)
5 Tulip-mania 1637

Charts here : http://gautiersblog.blogspot.ch/2017/12/larget-bubble-in-history.html

If bitcoin is a bubble then maybe that 1-4 in your list should not be in the same name. If that is true then bitcoin would have been dead by now, so how come it is still alive up until now? All i can say is only the competitors of bitcoin says that it is a bubble so that investors would have second thought in their minds whether or not they continue to invest on bitcoin or change the plan and invest on other cryptocurrency.

[aso118]

You can only call a bubble when it bursts. Jamie Dimon may hate Bitcoin but he made one statement which rang true. He said he wouldn't short Bitcoin, because it could go to $100,000 before it crashes.
And when we look at Bitcoin in 2011 and 2013, we know that the price recovers even after disastrous crashes, if you give it long enough time.

[boyshx]

As bitcoins price is increasing day by day, discussion on the topic “Bitcoin is Bubble” is also increasing. Countries like Australia, China, Japan, Canada etc have already banned bitcoin currency; many countries are planning to regulate the same. Many crypto experts are warning again and again against investments in bitcoin. If bitcoin is a bubble, then when it’s going to burst? From 2009 to 2017 bitcoin has travelled from $0 to $19800. Almost all sectors of economy have invested in bitcoin currency.

[pinoyden]

 this bitcoin bubble mania has been discussed all the time every single year ever since bitcoin starts to pump but until now bitcoin is still alive and kicking. there were also charts that i think fake that states were now on the bubble phase and soon bitcoin will pop on thin air but then again bitcoin is still here. that is why people are not scared or afraid of this kind of news anymore rather people will be more afraid if bitcoin experiences a major dip or crash/correction because that will surely affect their business.

[Zertoshi]

there were also charts that i think fake that states were now on the bubble phase and soon bitcoin will pop on thin air but then again bitcoin is still here.

Fake News?

[glowing10]

1 Bitcoin 2011
2 Bitcoin end 2013
3 Bitcoin early 2013
4 Bitcoin 2017 (ongoing...)
5 Tulip-mania 1637

Charts here : http://gautiersblog.blogspot.ch/2017/12/larget-bubble-in-history.html

If bitcoin is a bubble then maybe that 1-4 in your list should not be in the same name. If that is true then bitcoin would have been dead by now, so how come it is still alive up until now? All i can say is only the competitors of bitcoin says that it is a bubble so that investors would have second thought in their minds whether or not they continue to invest on bitcoin or change the plan and invest on other cryptocurrency.

Bitcoin price has shocked many experts of the industries in their respective fields. Infact CEO of JPM, Warren Buffet and many top notch people are considering bitcoin as a bubble and nothing more. But why is it so they are not changing their statements even after seeing that btc has being becoming stronger day by day and its price is also rising.

I think it is not a bubble but yes some correction you can expect due to sudden rise happening this days.

[Zertoshi]

I think it is not a bubble but yes some correction you can expect due to sudden rise happening this days.

As mentioned earlier, there are two different things:

• Per-se bubbles: tulips, pyramid schemes, airplane game scams, etc.: once they pop, it's gone.
• Bubbles forming around certain classes of assets (junk bonds, real estate, tech stocks, etc.): once they pop, something real is left after a few months or years.

For instance, the Bitcoin network will continue to work, even after a bear market (like the 2014-2015 one).
Or could something break if the exchange rate BTC/USD goes to low (transaction costs too high perhaps) ?

[ss890]

If that's true us who missed the train may have a second chance in coming months...

Nobody is missing the train because this is not a real bubble. It is just the way bitcoin behaves in the market due to its uncertain market and investors. It can sometimes get huge response from the community due to some good news in the market or it could sometimes go down due to the bad news in the market, for example the china news recently! The biggest dump you might have seen back in August. However, after the time was overcome, we saw the giant leap of the bitcoin just because of its new investor base who was more wealthy and trustee. So it got hiked to which people are now calling the bubble. So in short this is confusing statement and the unsolved theory about bitcoin being a bubble. God dam it, this bubble has made many rich people around us.

[yoseph]

If bitcoin really was a bubble, and people could predict this in advance. They could stand to make a lot of money by shorting bitcoin or by investing in bitcoin's competitors which would stand to benefit when the bitcoin bubble popped.

There are many who claim bitcoin is a bubble, but none of those people are willing to put money on their own prediction.

Maybe I'm old school but I miss past eras when people made a point of standing by the things they say, rather than feeling entitled to say random things that even they don't believe in.

It's not like anyone can predict the future so that they would know that if indeed bitcoin is a bubble or not and even in spite of all the doom and gloom that they are predicting, bitcoin is rather still booming.

[Zertoshi]

If that's true us who missed the train may have a second chance in coming months...

Nobody is missing the train because this is not a real bubble. It is just the way bitcoin behaves in the market due to its uncertain market and investors. It can sometimes get huge response from the community due to some good news in the market or it could sometimes go down due to the bad news in the market, for example the china news recently! The biggest dump you might have seen back in August. However, after the time was overcome, we saw the giant leap of the bitcoin just because of its new investor base who was more wealthy and trustee. So it got hiked to which people are now calling the bubble. So in short this is confusing statement and the unsolved theory about bitcoin being a bubble. God dam it, this bubble has made many rich people around us.

I'm confused now. It's "not a real bubble", but still a bubble that "has made many rich people around us"?
Did those people get rich by selling their BTC? Did they perhaps buy cars, houses,... with the gains?

[Drixy]

If bitcoin really was a bubble, and people could predict this in advance. They could stand to make a lot of money by shorting bitcoin or by investing in bitcoin's competitors which would stand to benefit when the bitcoin bubble popped.

There are many who claim bitcoin is a bubble, but none of those people are willing to put money on their own prediction.

Maybe I'm old school but I miss past eras when people made a point of standing by the things they say, rather than feeling entitled to say random things that even they don't believe in.

Bitcoin is not a bubble on its own alone. Bitcoin only pops when a crisis happens like regulating banning etc. or any valuable users have refused to go on in bitcoin they probably sell it more than a millions of dollars.

[Essaint56]

I don't think bitcoin is a bubble. It had opened a door to many users to get rich in just small amount of time. Bitcoins still doing it, making a lot of millionaires.

[pawanjain]

That's a good information you got there but I won't be considering the so called " Ongoing " as a bubble since the price is quite stable now.
If it was a bubble then it should probably have gone down by now and should not have been stable. It's not that there is no supply at all as Bitcoins can still be purchased at the current price of $19k . So there is still more room for Bitcoin to grow as it has more potential. The bubble would be big when many big investors would take part in it and the price would rise very much very quickly. Until the time being, there is no way Bitcoin would crash as people are still investing in it.

[Zertoshi]

I don't think bitcoin is a bubble. It had opened a door to many users to get rich in just small amount of time. Bitcoins still doing it, making a lot of millionaires.

Wow, it sounds magic!
So how does it work? You buy, wait a bit, then you get rich? It's when you sell that you are rich?

[Maks123]

1 Bitcoin 2011
2 Bitcoin end 2013
3 Bitcoin early 2013
4 Bitcoin 2017 (ongoing...)
5 Tulip-mania 1637

Charts here : http://gautiersblog.blogspot.ch/2017/12/larget-bubble-in-history.html

Maybe a bubble, but people believe that everything will be fine. Especially the gap between inflation and descent changes in the big direction, so you can even six months to guess what the price of bitcoin will be. But then it is necessary to sell urgently.

[fiulpro]

I don't even know why bitcoins are compared to tulips... Yes it was a large investment but bitcoins have surpassed it long before.. Also the fluctuations in bitcoins and the tulip is entirely different no doubt..so is the time right now...years before and now we have improved technologies and better ability to handle the disaster if something happens..
Thus bitcoins and tulip mania are completely different thus I don't think I agree to what you have written..

[hacker1001101001]

1 Bitcoin 2011
2 Bitcoin end 2013
3 Bitcoin early 2013
4 Bitcoin 2017 (ongoing...)

And take a look at the chart, the crash after each bubble has been increasing in every next one.
But when it settles, a new record of the price subside then it will surge into a new level.

Yes, even if bitcoin fall it has the capacity to recover itself from the downfall and come back to its original or a new record value. This is the best property of bitcoin and due to this more and more investors join this community of bitcoin. And as there is no guarantee for bitcoin value similarly there is no guarantee for this prediction also. So keep trustinng in Bitcoin it will suearly make you rich in some days.

[Ctn]

Okay this is crazy bubble! This has been alway there but I don’t really understand why they call it as bubble even though it is not. The bitcoin ha always been called like this whenever there was some sort of development and then people tried to invest into it when they thought its actual and its real thing of the future. This was the time when bitcoin got its spiking and it evolved into different marketplace with highest market capitalism any other currency could achieve in such short periods. 

These are the events which actually created all the hyped amounts the journalist, economist and related financial institute who then called it as bubble. I mean this is such laughing thing that people are not taking it as real development of the bitcoin but just bubble. Sometime I feel that they are just people who don’t like bitcoin in the first place and nothing else.

[Zertoshi]

Yes, even if bitcoin fall it has the capacity to recover itself from the downfall and come back to its original or a new record value. This is the best property of bitcoin and due to this more and more investors join this community of bitcoin. And as there is no guarantee for bitcoin value similarly there is no guarantee for this prediction also. So keep trustinng in Bitcoin it will suearly make you rich in some days.

So would you recommend newcomers to wait for a downfall + a few months/years before investing?