Is bitcoin like a Bubble ?

[Tushar24aug]

Maybe yes, bitcoin is like a bubble because we don't know when it's price go up and down we can only make a suggestion on this and bubble is also same as this.

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[frery]

Do not worry, not just bitcoin prices, the stock market is falling, Bitcoin is not a bubble, the stock market situation are similar, this is not a bitcoin problem, and do not know why the stock market is also down, but I will not worry, I will Continue to hold.

[jeluhtajem]

I am a little bit confident about that, because after I see this moment
this is really like a gigantic bubble that explodes, bitcoin really falling
I do not know, maybe it could be back to normal, I can not predict it
is needed now is a miracle

[Harri Wolter]

Impossible to know for certain. But here’s the contrarian view:

If there is just a 1% chance that cryptocurrency is “the future of money,” then the entire sector is currently undervalued.

The global money supply currently stands at $90 T, so 1% is $900 B. The total market value of all cryptocurrencies is just under $270 B.

And, I personally believe there is a greater than 1% chance that crypto is the future of money. My gut tells me it’s closer to 20–30%.

[Sakibhasan.bd]

That's a funny question..!
Yeah i am also agree to you that, Some people say bitcoin is like a bubble and it will burst one day.But not actually that. As a miner i say that inshallah bitcoin never butst.
It will go to up very soon..

[Petmalu001]

Some people says the bitcoin is a bubble that once you invest your money is already lost but it's not true because bitcoin is a new digital

currency and it has an exchange rate price vs all other currencies. bitcoin is the fastest growing asset in the world this year, but the virtual

currency does not appear to have many users. Then bitcoin is also known as a cryptocurrency.

[Lester Cole]

Is the US dollar a bubble? No!
The US dollar is a currency!
Is the Euro a bubble? No!
The Euro is a currency!
Is the Japanese Yen a bubble?
No! The Yen a currency!
So what is Bitcoin? It’s a digital currency and it has an exchange rate price vs all other currencies!

This is NOT called a bubble, it’s called DEVALUATION!

[Leo Parrish]

Yesterday I was asked again about the Bitcoin ‘bubble’ and for how long it can continue.

I love questions like this.

I spent the first decade of my career analysing, profiting from and getting mildly traumatised by wild swings in financial markets — especially swings based less on fact and reason than on raw human emotion.

There is no doubt that Bitcoin is currently in the final stage of a bubble (an “Elliott wave 5” to get technical).

[Milo Hill]

Yes its a mega bubble and have to burst, but bitcoin will eventually continue to be used as a currency, at a way lower price.

[Ranly123]

Some people say bitcoin is like a bubble and it will burst one day.
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?

I cant say it is a bubble afterall. As what i have read in this forum, there is a post i want to share with you to clarify that bitcoin is not a bubble.

Time                   price per BTC     Importent information

July 2010             $0.08               The price grew 900% only In five days, rising from $0.008 to $0.08 for 1 bitcoin.
Feb – April 2011    $1.00               In that time Bitcoin took parity with US dollar.
8th July 2011        $31.00             At this time top of first "bubble", followed by the first price drop.
Dec 2011              $2.00               At this time goes minimum after few months (huge dump)
Jan 2012               $3.41              
March 2012           $4.95               over 46,000 BTC stolen by Linode Hacked
July 2012               $13.31            Bitcoin Savings and trust halts payments.
Jan 2013              $13.31            
Feb 2013              $20.22              Starts some pump.
July 2013              $100.15            great pump.
Jan 2014               $772                700% up within 6 months.
July 2014              $582                 Some down again.
Jan 2015               $272                 Huge down.
July 2015             $289.68      
Jan 2016              $432.17             some up again.
July 2016             $688.50      
Jan 2017             $1020.47           Starting golden age of bitcoin.
July 2017               $2592.41            proved a golden age.
18th Dec 2017        $19,498.63
Jan 2018                $10,685             Again huge down.

Then it is up to you to decide whether it is a bubble or not and try to study the history of bitcoin.

[ignacio0404]

Bitcoin isnt though. News have already said that. lets say its fake. We should. Bitcoin can rise and rise, each year that it has existed, its constant rise still turn on to everybody's eyes.

[Neconic]

Of course it's not a bubble. It's just that just like any other currency it experiences difficulties. It's very hard for it to find a certain price because investors sell and buy in big quantities.

[kxshcb]

Derek Thompson, who covers economics for The Atlantic as a senior editor, notes it’s hard to determine if Bitcoin is a bubble because it’s an entire industry. However, he thinks Bitcoin's recent patterns are akin to other famous bubbles that burst — such as the dotcom bubble. Investors make huge life decisions based on Bitcoin worth, and they often make impressive predictions about what’ll happen in the future. People also made those actions in association with other things that went bust, leading individuals to caution history will repeat itself. They say the only thing they’re not certain about is when it’ll happen.

[Miner228]

"Bitcoin is a" speculative mania, "according to the head of the Central Bank of Australia, but it's not so simple to say that the new height: the cost of bitcoin exceeded $ 17,000 New height: the cost of bitcoin exceeded $ 17,000. still do not know how to evaluate it.

[Amilhussin24]

When we say bubble, what comes to our mind is, it will burst and absolutely disappear. Some people say this rumor, but it is impossible and it can never be compared to bitcoin. Because as what we notice and winess. Bitcoin is created in 2009, and until now it did not burst as what they say.

[jamelyn]

 expectation that the price of Bitcoins will continue to rise in the distant future has a lot to do with the belief of many people that Bitcoin, and other “cryptocurrencies”, are the money of the future. Nothing could be farther from the truth. In fact, the Bitcoin is an archaic currency like gold used to be.

[1Referee]

When we say bubble, what comes to our mind is, it will burst and absolutely disappear.

Your definition of a bubble isn't correct. Every market can and will at some point move in bubble territory, which basically means that a market increases a lot within a certain time frame, basically without there being a solid reason for it aside from the speculative aspect, or a short term scarcity of whatever object/tool/property. Bursting just means that the market in question will fall back to more appropriate levels, and thus not disappear like you are saying. That might only be the case when it comes to certain scams, which at that point isn't a bursting bubble that makes them disappear, but them being busted.

Some people say this rumor, but it is impossible and it can never be compared to bitcoin.

I personally have only once considered Bitcoin to be in bubble territory, and that was in 2013 when I entered the market at around $25. I think it's safe to say that at this point, it can be seen as the only actual bubble we have been through. After that, I have only considered the market to be in overbought state, and that's really it.

Bitcoin is created in 2009, and until now it did not burst as what they say.

Read the first part of my post.

[thunderclup]

Bitcoin is not a bubble, because we know that bitcoin price is not stable sometimes it going up and down so you can't compare the bitcoin to bubble, i know that bitcoin price is going up and up again  it will burst and absolutely disappear. Some people say this rumor, but it is impossible and it can never be compared to bitcoin Because as what we notice and witness. Bitcoin is created in 2009, and until now it did not burst as what they say, so bitcoin is not like a bubbles anymore.

[Afnan_faizah]

Some people say bitcoin is like a bubble and it will burst one day.
Now current situation we can say its price is going down and down.
Is it true that bitcoin is like a bubble ?

They do not really know about bitcoin. Bitcoin is not burst only because the price is down. It is part of volatility, which caused by traders who trade it everyday. Actually the volatility is not so bad for us. We can earn many profit  by play in volatility. Bitcoin has very big potential to replace paper money, so it is modern way for our daily transaction, it is not a bubble.

[blockchainwriters]

Bitcoin is nt bubble it is asset base commodity the price increase is only because of demand and limited supply