is it a bubble?

[stevano]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

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[Rajatruck]

it's the way people speculate that make it like a bubble, otherwise cryptocurrency in itself is not a ponzi they have real utilities for some

[Nick Abimanyu]

Bubble is an incident where the price or value of an investment becomes unnaturally high, and bubble is far more often spoken about by analysts, when they are monitoring the movement of prices in the stock market nor crypto market.

[ATTN]

There's growth, there's new technology and there's some animal spirits.

[CHENIEN]

Bubble is the rapid increase and dicrease of bitcoin price, bubble is normally a specified action used on bitcoin business, it is only used by the bitcoin authorities for the balancing system of different transactions on bitcoin. So, as a bitcoiner, we must learn the normal movement of bitcoin price to avoid losses of our capital being invested, we must look forward on what price of bitcoin running up and down to avoid losses of our capital invested.

[Bonsaiav]

Crazy Bubble nor Bubble is a market phenomenon, when the price has fluctuated wildly toward an abnormal rise, and resulting in some speculation or assumption among market analysts by calling it Crazy Bubble or Bubble and some even call it "Christmas Tree" LOL.

[Mometaskers]

A bubble is when the price of a commodity, stock, etc., skyrockets due to speculation. Bubble is usually used when the said item is believed to have been overvalued. Many point out to the Tulipomania when talking about bitcoins because of the price increase though after further reading you'll find it wasn't that bad. https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

A more recent example would be the Dotcom Craze, where investors would put money into any company with a ".com" to it. Everyone tried to get into the internet with companies putting out their sites and web-based services and people staking out domain names in hopes of selling them later.

[Anonylz]

No, why are you still asking this? It has already been replied 10's of times in here.

Just stop spreading that shit, it is not a bubble, and it will never be, and with "bubble" they mean that the price is only going up without any reason and that it will go down harder soon.

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?
until now I am still curious

[fabianji]

Nobel laureate Robert Shiller is fairly confident bitcoin will collapse, but he’s not quite sure when that collapse will occur.

Shiller, a Yale University professor who won the Nobel Prize for Economics in 2013, told CNBC that bitcoin will likely “totally collapse and be forgotten,” although it could linger for as long as 100 years.

“It reminds me of the Tulip mania in Holland in the 1640s, and so the question is did that collapse? We still pay for tulips even now and sometimes they get expensive. (Bitcoin) might totally collapse and be forgotten and I think that’s a good likely outcome but it could linger on for a good long time, it could be here in 100 years,” Shiller said.

Citing a well-worn comparison to the so-called “tulip bubble,” Shiller said that bitcoin has no value outside of the “common consensus that it has value,” which makes it different from gold and other commodities.

“It has no value at all unless there is some common consensus that it has value. Other things like gold would at least have some value if people didn’t see it as an investment,” he said, adding that he “doesn’t know what to make of bitcoin ultimately.”

This is not the first time that Shiller has given bitcoin a bearish forecast. In 2014, he called bitcoin an “amazing example of a bubble,” adding that currency-wise it is a return “to the dark ages.” Last month, he opined that bitcoin’s mythology would be a “wonderful story — if only it were true” and predicted that although it may not immediately crash to zero, it will definitely “come down” considerably.

Nor is Shiller the first Nobel winner to throw cold water on the lunar aspirations of bitcoin investors. Joseph Stiglitz, who won the award in 2001, has argued that cryptocurrency “ought to be outlawed” because — in his view — it “doesn’t serve any socially useful function.”

https://www.ccn.com/bitcoin-will-totally-collapse-even-takes-100-years-nobel-prize-winner/

[fabianji]

So yes it is a bubble but it will be quite some time before it will burst...

[emuLOAD]

Well, if you agree with their analysis. Being Nobel laureates doesn't t make them infallible. Even just the fact they claim it serves no socially useful purpose or that they do not offer anything of value can be seen as an example of the superficiality of their opinions on the matter.

[sister1001]

many people say that bitcoin bubble, honestly I still do not understand what is meant by the term bubble earlier?

until now I am still curious

There is a certain bubble no doubt, inflated prices in many alts, projects that make no sense, many people that buy not knowing anything just because someone told them....

[Hydrogen]

A "bubble" implies something is extremely overvalued in contrast to what fundamental metrics and statistics suggest it is worth.

The US real estate bubble occurred due to real estate being substantially overpriced in comparison to buying demand. There weren't enough buyers in the real estate market to maintain prices and so the massive price correction which occurred, and the lost of confidence in the market which followed it resulted in subprime mortgage derivatives taking a massive hit off their leveraged position.

I think bitcoin might be a bubble if its userbase weren't growing at a substantial rate. unlike the US real estate bubble (and other bubbles) bitcoin's fundamental metrics and stats look strong. The recent price decline could be described as representing normal bitcoin movement with the decline at the start of the new year.

The addition of crypto futures and paradigm shift towards a more speculative market could also be responsible.

[Samarkand]

....

“It reminds me of the Tulip mania in Holland in the 1640s, and so the question is did that collapse? ...

He compares Bitcoin to the Tulip mania in Holland...

The only problem with this analogy is that there never was a real Tulip mania:
https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

Shiller is wrong about Bitcoin and wrong about the Tulip mania as well.
He is a clear example of a guy, who is really good at one thing, but is also
talking about stuff that he is completely clueless about.
I concede that this level of dedication to one field is probably necessary if you want
to be awarded a Nobel prize one day (though, the prize for economics
is not a real Nobel prize).

[kier010]

what would happen when a bubble burst?. they compare bitcoin to bubble cause it is not stable and anytime it would burst like the bubble burst tragedy in the past. like the historic dot-com bubble when it burst/collapse many companies shutdown but few survive like e-bay.
bitcoin is strong and will survive 

[batang_bitcoin]

I did the searching for you https://www.investopedia.com/terms/b/bubble.asp

many people say that bitcoin bubble

Not that many, only those people who does have their personal interest to buy bitcoin at the deepest price. And those people are the investors and calling themselves financial experts that wants to buy bitcoin so it's their gimmick when they say it.

[amaydel]

It's a metaphor that bitcoin is like a bubble as its market cap and price is growing so big like a bubble that no one knows when it will going to burst/crash that causes its market cap and price to plunge down so deep.

[Will.Smith]

If we try to analyse it from the math perspective. There are around 50-70 thrillions USD. And most people investing aroung ~2% in risky assets. 2% from 50-75 thrillions is around 1-1.5 thrillion. It's pretty rough but it's better than nothing. 

[btcluisdiki]

In my own understanding about bitcoin as bubble, it could be something like a rapid increase with respect to its price market value and vise versa. What we are seeing now is that the price has not yet stabilize further maybe that is how it works. But the good side is that there is much greater opportunity with bitcoin.

[payyy]

It is not a bubble, and it will never be. There are a lot of threads in this forum regarding to the same question, and they all say exactly the same. It is not a bubble, and you need to understand that.

If you think that we are in a bubble. just sell all your bitcoins, no one cares about you.