Is Bitcoin the Biggest Bubble in Human History?

[umbara ardian]

it seems very unsuitable if you mention bitcoin like bubbles, bitcoin is more like wave because I see bitcoin movements only up and down like waves whereas if bubbles after price erupts then the price can not do recovery anymore.

[takadada]

Yes, it is the biggest bubble, it brings great profit to players who joined last year

[BILGPS]

I don't think so that bitcoin is just a bubble it is a strong currency system which works like fiat money but the nature is digital so we can say that it is digital currency and it is good for us to keep this crypto now because we can make money through this holding in the future and for me crypto is key to success.

[Hautkopfsalat]

On one side yes on the other side no. Bitcoinprices seem to always go back up again! so I wouldn't speak of a bubble.

[SamantaPinkeralspink]

No, I still think Bitcoin hasen‘t reached it‘s maximal potential.

[Lorna111]

Well I agree to some of the replies and some to not, I depends upon the Human thinking about the values of any object.

Bitcoin is biggest Bubble in human history, I beg to disagree, the price movement of Bitcoin is dependent upon the market investment posted on market for Bitcoin, remember market is  Volatile, anything happened in the market, at any given time. It always affected by the volume of investment on Bitcoin as posted on the market, the price value may goes ups and down, no one can predict what to become of Bitcoin during the trading market.

[gesdan]

yes i feel that too when the price of bitcoin in 400$ it's too high and right now we can see the price around $7000 and we still can see about right now $7000 is in the low price, its not like in last year and early 2018 and we hope that the price of bitcoin will increase more and more in the future

[jamesashmore1964]

Silver went from 50 USD in 1979 to next to nothing these days: never recovered!

[vypzilla]

Everything can be classed as a bubble. Property market for example, 30 years ago houses were worth 1/10th of what they are today. gold, diamonds, antiques, collectibles what do they actually offer? Bitcoin is an asset but it brings so much more to the table. For bitcoin not to be successful is like saying technology will not be successful. Everything humans love, they digitize - pictures, games, music, videos, interacting, data, currency. Yes it probably is the biggest bubble in history, this is not a bad thing because if it "pops" it will just generate a new bubble and so on and so.

[mak2017]

The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.

Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.

It's a new market in which many people still won't believe for some reason, and they just need to call it a "bubble" to prevent others joining the market.
There are still very few users who use crypto on the daily, i think we have around 6 million active btc wallets nowadays.
A good example of a bubble is real estate market with prices driven up to the sky for a piece of ground.. it's just hilarious how price for real estate keeps growing year to year and then will crash again no doubt.
Governments give value to money, real estate and so on, but they can't give value to bitcoin, thats something you need to understand.

[mornabo]

Well I agree to some of the replies and some to not, I depends upon the Human thinking about the values of any object.

Bitcoin is biggest Bubble in human history, I beg to disagree, the price movement of Bitcoin is dependent upon the market investment posted on market for Bitcoin, remember market is  Volatile, anything happened in the market, at any given time. It always affected by the volume of investment on Bitcoin as posted on the market, the price value may goes ups and down, no one can predict what to become of Bitcoin during the trading market.

You are right, because of the fluctuations making any price changes can happen, even increasing hundreds of percent in a short time, even though bitcoin prices skyrocket and then weakened due to correction, bitcoin prices always recover afterwards, so I don't think that it is a bubble

[Fog Fence]

I don't think bitcoin is a bubble. This is an excellent investment tool. If you look at the history of bitcoin, you will see that every year it showed a steady growth, despite the local fall.

[kotulo]

I also think like you, it is extremely bubbly.
Later on I thought it could become the national currency someday

[syaripudin]

I think bitcoin is not a bubble as you think because if bitcoin is a bubble, of course its existence has disappeared long ago as well as in the bubble penomena in other forms. but in fact until now bitcoin still has a fairly strong existence. this certainly shows that there are still many people who believe in the greatness of bitcoin.

[u01p113]

 Bitcoin is most definitely not the biggest bubble in the world. BTC has proven that it has a value in the real world. Anyone can buy things using Bitcoin.

[tikanima]

True bitcoin is a bubble it is slowly discounting, This discount can be a scary ghost for some people, but for those who are not afraid of risk and have known Bitcoin for a long time, They will see this as an opportunity to make the most profit possible

[tofus]

I think now the market is using Bitcoin as a speculative bubble, the Biggest Bubble is derivatives.

[GilbertQuintanilla]

Bitcoin is not a bubble and you can get thousands of prove of it.

[nmthu2209]

I do not believe bitcoin will collapse there are too many investment funds and big investors are interested in bitcoin. They will not let it fall easily. Although the market is still easily manipulated

[CoinSpeculator]

yes or no, who care? As long as i earn lots of money, i don't care really.