Is Bitcoin the Biggest Bubble in Human History?

[Iluka]

The biggiest bubble in human history is us dollar. The Bitcoin and other perspective altcoins are human future. it's new movement begger than bronze age...

[vinbitpon]

Nope. On my opinion, Bitcoin is one of the biggest innovation and technology that humans created. I don't see any reason that this will be called a bubble, especially more and more people around the world were using bitcoins.

[alexgreen8012]

Who says bitcoin is a bubble. We have seen many bubbles with no working concept beihnd them. No, it is not. The dot com bubble was at 28k bn dollars at its peak compared to 280 bn dollar crypto right now.

[CCF_news]

People ask so many questions about whether bitcoin is a bubble or not. Chesto speaking tired of already reading the opinion of those people who doubt the future of bitcoin. If you do not believe that bitcoin will develop, then do not write anything and save both ourselves and ourselves time

[korkor]

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.

I guess you don't really know what you are saying or you don't understand the whole idea of cryptocurrency and blockchain. If you did, you wouldn't have said bitcoin should be worth nothing. Please, it will be best if you do research on cryptocurrency and blockchain technology. I believe that will enlighten you enough to understand the new revolution to the world financial system.

[TmottaDing]

It is better if you leave this forum, becuase you do not even know how a real bubble works. So, better to stay away from all this world if you do not even know how it works.
Bitcoin is not a Bubble, and it will never be one of them.

[Marlo Stanfield]

It's not a bubble, but it goes through bubble like cycles as you can see by looking at a zoomed out chart. It's pretty volatile, but also has unique properties which give it utility.

[alexgreen8012]

There have been many bigger bubbles in the history of mankind. No, it is not. The dot com bubble was at 28k bn dollars at its peak compared to 280 bn dollar crypto right now.

[JYSHIN]

I think the G20 meeting on crypto is positive.

[jemarleon]

We dont treat bitcoin as bubble, only those people who has not enough knowledge about bitcoin will think that this is a bubble most of them are from the stock market. Maybe you need to read the purpose of bitcoin because if you know what's its goal you will never think again that bitcoin is just a bubble.

[pageraji]

Bitcoin is revolution of financial technology, its not bubble..waht ever happen with price blockchain technology is a revolutioner invention of this decade

[gpamfmcq]

You can think of Bitcoin as a bubble, but there are a lot of similar sounds when the internet was chased by people 20 years ago.

[richkiddo]

It's not a bubble, but it goes through bubble like cycles as you can see by looking at a zoomed out chart. It's pretty volatile, but also has unique properties which give it utility.

true bitcoin is a not a bubble thing yet some people believe them selves that this is such a big bubble thing that more people had been trapped on but they are so wrong with that. They just judge bitcoin not by knowing and see for its chart for.

[DirectContract]

The biggiest bubble in human history is us dollar. The Bitcoin and other perspective altcoins are human future. it's new movement begger than bronze age...

Yes! Thank you. Ever since the gold standard was removed, the US dollar's intrinsic value has been comparable to toilet paper. But what do central banks around the world do? Store it in their vaults and gauge the strength of their country using it as a benchmark, when in reality, the biggest deficit in the world is that very dollar. What happens if certain countries stop recycling the petrol dollar? stop buying US bonds? start using alternative methods as benchmarks? Well some get punished (Gadhafi), but more will get away with it in the future. Hell, even the IMF is talking down the dollar these days!

[billknight]

Many people think that Bitcoin is a bubble. But you have to understand that if Bitcoin is a bubble, it probably broke a few years ago. I never thought Bitcoin was a ball because Bitcoin is electronic gold

[beliomir]

I believe that everything in the world is a bubble, since all financial instruments have a pyramid scheme, so you do not have to worry that bitcoin is a bubble, because otherwise it does not.

[korkor]

What people don't get is that bitcoin is not a bubble. If you understand what digital currency (cryptocurrency) is, you will not call bitcoin a bubble. My question is simple, is US dollar and Euro a bubble ?? If you don't see these currencies as bubbles then why do you see Bitcoin as such...

[gabbie2010]

The feat by bitcoin to becoming the biggest bubble in human history has not been achieved yet due to the small proportion of people using it compared to the overall universal population, I believed with time btc will be a generally accepted virtual currency.

[Rocktop044]

It is partly true that it has no intrinsic value.
Until the system is regulated by the financial sector, it still remains a bubble.
The bubble is floating high, best to follow it up.

[Compiler]

I dont know if it's exactly a bubble, the only thing I know is that you have to take advantage now that it's going to rise again and also take advantage of the technology it brings. It will stand for many years.