Is Bitcoin the Biggest Bubble in Human History?

[ApocalypseNow]

The people who only think that bitcoin is a bubble are those that are late to the party, heavily invested in gold or they have their riches on the bank industry. Even some tech people that is not supporting or invested in btc sees a great potential in btc and they don't see it as a bubble.

[SIDDHI777]

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.

True Bitcoin seems like the biggest bubble in the history when you look from the outside because Bitcoin price dropped and that is why many say that but it is recovering perfectly so definitely it will reach to it's correct price in the future but it might take a while to happen that and the only thing it needs is more time so traders should be more patient in these days   

[Bugatti73]

I think gold is the biggest bubble in history. Gold is the national treasure. All countries in the world recognize gold as an international currency. Whereas bitcoin is not accepted by states.

I don't think that gold is a bubble, but agree with your opinion about bitcoin. I think soon it would be accepted.

[smt_red]

I am believe bitcoin is real investment. Real estate is a huge bubble.  Bitcoin  this will be the new currency of the world.   

[1van__]

in my opinion bitcoin is the best thing that mankind invented for its existence, I'm not kidding he enriched a lot of people, people like him, he is a leader on cryptology

[CrimBit]

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.

If it's true Bitcoin doesn't have intrinsic value and it's worth nothing. for what people are struggling to buy and offer to own Bitcoin? because I realize how valuable Bitcoin is to date, making people struggle to get it. I think the value of thousands of dollars or more is very feasible for one Bitcoin because this is the greatest invention in the banking sector.

[kehed90]

bitcoin may not be the biggest bubble in human history but bitcoin can be the latest breakthrough for humans, just look at the features and technology of blockchain providing convenience to all types of transactions and profits in bitcoin investment will change the level of human life itself. So maybe in the future bitcoin can be the biggest bubble in human history.

[Panetymerni]

So it turns out that Bitcoin is not that big of a Bubble. Sure there is a lot of speculation but as always Bitcoin comes back after a drop that wasn't even that big this year.

[stownbridge]

Even now it is clear that the bubble is not about bitkoin.Capitalizatsiya grows with the fact that its advantages are inhibited.The government and bankers will run.

[Xardasim]

As a reason to call Bitcoin as a ''bubble'' is that no one is control it. Cryptocurrency isn't like other financial systems. The only thing control the price is the buy-sell. If we look at it as an investment, it is good that the price is variable. But if we use it as currency, the volatility isn't be good.

[Dondisimo]

I do not believe that some fraudulent technology could achieve such a huge success. So I think you're just another skeptic. I believe in this technology and therefore invest in it. It's simple.

[Caelanpelley]

I do not think that. I think gold is the biggest bubble in human history. Gold is an international reserve. All countries, banks accept gold payment. For bitcoin, bitcoin is of great value but not yet accepted in many countries.

[Alexander james]

What do you mean about "intrinsic value"? The value that every currency has is assigned by people. If we trust it and accept it as a medium of exchange, then it has value. The USD will have no intrinsic value if people's demand for it stop and no one use it. Accordingly, since people believe in Bitcoin and accept to exchange in Bitcoin, it does have value - the value assigned by users.

[dohh]

I do not believe that some fraudulent technology could achieve such a huge success. So I think you're just another skeptic. I believe in this technology and therefore invest in it. It's simple.

Technology doesnt have to be fraudulent. Blockchain in perfectly viable technology, but not for money transfers. There are several reasons for that, but understanding it demands simultaneous knowledge in IT, math and crypto. Not too many people have it.

BTC is a huge scam mechanism.

[Diane Ellis]

The value you mentioned is created by the demand for it. Without demanding, a ton of gold will become worthless. As for bubble, yes, I agree that Bitcoin has shown some signals of bubble, but bubble doesn't have the same meaning with worthless. Have you ever heard "property bubbel or housing bubble"? Yes, right? So does property have no intrinsic value?

[Henry Reis]

There does be a Bitcoin bubble, but Bitcoin itself is not a bubble, I think. Being a bubble means having no value, Bitcoin isn't this type. Since the growing demand for Bitcoin last year to earn profit, Bitcoin was inflated. It was investors who inflated Bitcoin and made Bitcoin bubble. Despite that I beleive in Bitcoin value because I find that Bitcoin can do much to promote global economy such as stimulate cashless society.

[Fred3030]

Everyone has his or her own opinion on this issue. My point in this is that bitcoin is not a bubble as the technology behing this cryptocurrency is amazing and as such attracts attention from the global community. More adoption will certainly come the way of crytocurrency and if any one this its a bubble that will burst soon, i will say they will have to wait for all eternity. Bitcoin will live on.

[Teriyanone]

According to my understanding Bitcoin isn't a bubble but Most people will disappoint if Bitcoin price decrease further and if that happens most investors will definitely abandon the crypto market forever because even now the losses are very high and many investors are not yet moved because the invested amount is still holding as Bitcoins with a very less price than they purchased thinking they will at least get the invested amount in the near future. But no one can say that Bitcoin will crash or this trend will continue for certain because we see both negative and positive sides so only the time will decides what will be the path that Bitcoin will select and no matter what that is there will be a significant effect in the crypto currency market and the community

[Betty10]

The people that hold the fact that bitcoin has no real value but just driven by scarcity and a bubble waiting to burst are better to leave bitcoin alone and go meet their government for some fiat deal. Truth is that if I don't have faith in something, I will just walk away. Time shall tell  the definition of a bubble.

[Bugatti73]

I am believe bitcoin is real investment. Real estate is a huge bubble.  Bitcoin  this will be the new currency of the world.   

I do not think so. The bitcoin is more created for the accumulation of money, for today with this it is not possible to pay anywhere.