Is Bitcoin a bubble?

[listoncrypto]

The reason many people think bitcoin is a bubble is because of its sudden boom. J p Morgan CCEO says it’s a bubble because bitcoin is a threat to many financial institutions. Warren buffet says it’s a bubble because he has billions of dollars lying around in a bank. There will always be bad news in the market but the truth is bitcoin is real and it is the future.

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[BraveHeadlight]

No, BTC is not a bubble. Many new bees think and believe that BTC is a bubble as they don’t know the history of the BTC. The price of BTC is inflated but it doesn’t mean to be a scam or anything. The price might go up or down and that doesn’t mean to be a bubble.

[Rangerman]

No, this is absolutely wrong to call bitcoin a bubble. Price of the BTC inflates but that doesn’t mean to be a bubble. So before saying it a bubble you should know and understand the crypto market and trade before you say BTC a bubble!

[rickadone]

The reason many people think bitcoin is a bubble is because of its sudden boom. J p Morgan CCEO says it’s a bubble because bitcoin is a threat to many financial institutions. Warren buffet says it’s a bubble because he has billions of dollars lying around in a bank. There will always be bad news in the market but the truth is bitcoin is real and it is the future.

Let's take Morgan CCEO's statement for discussion. We must agree financial institutions are in danger due to bitcoin. But, financial institutions and central banks are not working for common people's welfare but sucking hard work for hundred of years. Wealthy people becomes wealthier whereas poor becomes poorer due to these our existing systems of financial institutions and central banks. Bitcoin is definitely an alternate to these systems. Then bitcoin is obvious threat to these systems.

People who call bitcoin is a bubble must have not understood the real concept of bitcoin and why it is here and successful for years. Bitcoin is booming to attract people to adopt it. One day bitcoin may get stable value and people start using it as a momentary system only then these people may stop calling it bubble.

[fattycoins]

IF IT HAD BEEN A BUBBLE IT WOULD HAVE BURSTED A LONG TIME BACK.ITS SURVIVAL INSPITE OF THE FLUCTUATION SHOWS IT NOT BEING A BUBBLE.IT IS JUST SETTLING IN THE ECONOMY WITH A LOT OFSTRUGGLE.

[farhiamunni]

I believe bitcoin is not a bubble but so many people are talking like this. I think they have not enough knowledge about bitcoins history. In the previous year bitcoin almost reached $20k. In near future bitcoin will reach this amount.

[BitCent Exchange]

Does everything can be a bubble?

[aso118]

if it had been a bubble it would have bursted a long time back.its survival inspite of the fluctuation shows it not being a bubble.it is just settling in the economy with a lot ofstruggle

Some people might think that the cryptocurrency bubble has already burst. Bitcoin has lost 70% of its value, other cryptocurrencies have lost 90-95% of their value. Bitcoin is definitely surviving, but it is a pale shadow of its 2017 value, in terms of price.

[Chashguhs]

"Of course, bitcoin may be in a bit of a bubble, and it will go through corrections every now and
then. But anyone who simply ignores bitcoin or any crypto simply because they believe it's in
a bubble should take a longer, harder, and closer look."

[Brood Siren]

"A ""bubble"" can only be determined if something has reached fair market value and there is
average price indicator to measure against. Because the demand for Bitcoin will increase in
the future then the bubble Bitcoin is in is in fact an inverse bubble.
"

[Little Pixies]

"Bitcoin is not a bubble, if there will be a bubble it will be called ""Cryptocurrency bubble"", not
""Bitcoin bubble"". If a cryptocurrency bubble happens and collapsed Bitcoin will be the leading
candidate of the many cryptos out to survive a collapse.
"

[Toildrairrur]

I don't believe that bitcoin is a bubble. The nature of crypto market is that the price will not be the same always, it will go up and down. But that doesn't mean that bitcoin is a bubble. Bitcoin is still on top of the market for a long time. Currently, bitcoin has 50% dominance in the market. So, it is definitely not a bubble.

[Leed1962]

Bitcoin is not a bubble. It is the future. Bitcoin is going to be a future currency which will be accepted by everyone. We just need to wait for its price to increase. We need to hope and trust the crypto market.

[Paide1942]

No, I don't think it is a bubble. Yes, it was a bubble before, but not now. It has passed many bad situations and survived. So, it is not a bubble to me.

[DanielJacob]

BTC not a bubble but there are still hope that it will be increase again and it will be take long time.

[HDContent751]

BTC still not destroyed but it's not easy task for BTC to recover from their current situation. If the will be stable in future they should be good but there will be some disadvantage too.

[Mhd-Bobbi]

While bitcoin is still in digital form, bitcoin will never shift the position of the dollar or euro. Bitcoin does have advantages, but bitcoin cannot be used in certain situations, for example: buying candy at street vendors, and giving money to beggars on the road.

Yes you are right, I agree with your opinion.
I think all coins are based on dollars and other currencies. So it's impossible for Bitcoin to get rid of the dollar or euro. Because buying bitcoin also uses dollars. Without dollars, they cannot buy coins.

[Ourplealis]

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I don't think bitcoin is a bubble, if it is then it would have popped already.  The volatility of the market makes it incredibly unpredictable, but today’s prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.

Well I don't know about you, but I'd certainly call a drop from 19k to 6k a pop. A bubble popping doesn't necessarily mean that it is gone, poof, zero. A bubble can pop and then regain value after some time. The tech bubble of 2001 popped and lost an immense amount of value, but look, the NASDAQ is still alive and well. It may not have the same valuations as it did back then, but it's still being traded.

Bitcoin will behave in the same way unless something new and amazing happens. It'll move in slow but steady movements, not in giant leaps like last year.

In previous few years the situations have become totally changed. May be in previous time it was too easy to manipulate the bitcoin price, but now as time passed because of the increasing number of investors it has become too much difficult to manipulate the bitcoin price.

[hicies]

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I don't think bitcoin is a bubble, if it is then it would have popped already.  The volatility of the market makes it incredibly unpredictable, but today’s prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.

Yes I also think that bitcoin is not a bubble, currently bitcoin price is totally depending on the increasing interest of the investors, if they will continue taking interest in bitcoin it will surely I cause the bitcoin price to increase.

[btc_angela]

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I don't think bitcoin is a bubble, if it is then it would have popped already.  The volatility of the market makes it incredibly unpredictable, but today’s prices show the bubble is still yet to burst and would never burst. Bitcoin price now is slowly regaining back its value. We just made a big comparison of 2017 highest peak value of bitcoin that is why we slowly doubting that is it is a bubble. There is an awful lot of doom and gloom shrouding the market, but not all hope is lost. There is still a big chance for a surprising recovery.

Yes I also think that bitcoin is not a bubble, currently bitcoin price is totally depending on the increasing interest of the investors, if they will continue taking interest in bitcoin it will surely I cause the bitcoin price to increase.

How can it be a bubble when we have limited supply of bitcoin. Those bubble's in history doesn't have the luxury. Supply is not limited in case of the tulip mania, everyone can have its own tulips in their backyard. As opposed to bitcoins which has a limited supply of 21 millions only and everyone wanted to get at least 1 BTC in their lifetime. And even if it burst, sooner or later it will continue to bounce back and recovery.