Are we in a Bitcoin Bubble

[cybersofts]

Hey Guys, I just came across the following tweet regarding Bitcoin. https://twitter.com/Elite_89/status/944746253929336832 I am not good at reading charts. If anyone is good at reading charts, can you please help me out.
Bitcoin Bubble

I don't believe bitcoin is a bubble because people has been calling bitcoin a bubble for far too long since 2013. If bitcoin is a bubble so when is the bubble burst? Oh, come on, what do you expect people would be giving bitcoin so many different names to discourage people; such as ponzi, scam, pyramid, gambling and so on.

[sasaku bitbit]

I think we are in a State of bubble bitcoin because bitcoin indirectly can suddenly by itself is experiencing very high growth then no wonder kjika bitcoin has air bubbles which also arrives and I notice that bitcoin is also the highest investment of all other investment until it can make them make changes in participates worldwide

[richardsNY]

In my view bitcoin is a growing asset which is to make a change in the world.

People fail to understand that. They don't have the ability to think beyond their own limited logic, so Bitcoin at any price is a bubble by default. In easy terms, Bitcoin has no value, and will never have value, so even at $100 it's a bubble that will soon burst. That pretty much explains why the mainstream media has been talking about a bubble pretty consistently throughout the years. If they ever get to a point where they actually start to understand Bitcoin, we're already at +$100k levels catching up on gold pretty quickly. At that point they will blame themselves for having underestimated Bitcoin all the years....

[Capt00]

People always thinking that bitcoin will not go for long nor it will it makes us profitable at the start. But bitcoin still on the road of making people to trust and believe. As bitcoin continue it's journey, the more it become popular and more people getting involve in here. And now, it consider as one of the biggest investment were it changes a lot of individuals in terms of financials.

[Rune]

we obviously cant go up forever the top was 20k now a bumpy road and a slow drop

[thecodebear]

We are in an altcoin bubble right now. Not that I think altcoins will crash, but Bitcoin's % of the market should rise back up into the 40s. Wouldn't be surprised to see the whole crypto market at like $1.2 trillion in March with Bitcoin at over $500 billion.

[mharz]

In my view bitcoin is a growing asset which is to make a change in the world.

People fail to understand that. They don't have the ability to think beyond their own limited logic, so Bitcoin at any price is a bubble by default. In easy terms, Bitcoin has no value, and will never have value, so even at $100 it's a bubble that will soon burst. That pretty much explains why the mainstream media has been talking about a bubble pretty consistently throughout the years. If they ever get to a point where they actually start to understand Bitcoin, we're already at +$100k levels catching up on gold pretty quickly. At that point they will blame themselves for having underestimated Bitcoin all the years....

Bitcoin are not like the other thinking, it was growth in their own ways. It was fall down their price but it doesn't mean that bitcoin are going into deep for long time.

Maybe sometimes they were experience some scenario's but they can't stop making a lot of solution. Other than that they make a lot of improvement this 2018 so I guess more capitalist are attracted to fund bitcoin in the future.

[omonuyak]

The demand for bitcoin keep increasing day in day out and it has been a universal laws that whatever go up must come down and that is the laws of gravity! The current corrections is a sign that bitcoin is obeying universal laws and I keep on tell people to stop calling bitcoin a bubble and focus on the realities.

[BingoDog]

Why call it a bubble? The price is determined by market, supply and demand, and the value is as high as users are willing to pay for it at that moment.
Despite all conspiracy theories I would say that bitcoin price is still rather independent and doesn't have some intentional influence by some interest groups. Let's hope for even higher price, that will us all do a good thing.

[Taki]

Hey there

Nobody knows for sure. Maybe yes, maybe no. Maybe we are in fiat bubble which is going to burst... who knows?!
Anyway, soon we will see if it is bubble or not

That's right. Today the society is spread on two part, one believe in bitcoin and have all their proves that bitcoin is not the bubble, but there are those who are sure in the future exploding of bitcoin and all crypto market. I am in the first group. Bitcoin is coming in to our life, more and more places accept bitcoin and other crypto. Today there are more than 11000 spots over the world which accept it. There are firms which pay salaries or part of it in crypto currencies. With such facts bitcoin just can't be a bubble, but yes, I am agree with those who say that it is speculative instrument.

[sjefdeklerk]

more and more places accept bitcoin and other crypto.

Do you have proof of that? It's quite the contrary, last year you could pay in 3 of the top 500 ecommerce stores, this year it went down to just 1. No retailer likes this kind of volatility, the costs and the slowness. And how do you even accept a payment in a physical store if you have to wait hours to see if it even really went through ? Do you prohibit your client to walk out the stores for 5 hours ? LOL

Also experiments like the one in Arnhem, The Netherlands, where 110 retailers accepted bitcoin payments have failed because of slowness and extreme costs and the stores are now not accepting bitcoin anymore. None of them.

Bitcoin in its current state is a joke, not suitable for payment at all. And lightning network is even a bigger joke, the guy who invented that must have been really high on some good marihuana.