Is bitcoin really a bubble ? Analysis.

[xtraelv]

I consider these charts highly misleading!
just because you reversed a chart and it showed drop of US dollar value it doesn't mean the other thing (in this case bitcoin) is not bubble. bitcoin is not a bubble because the current value is not higher than its intrinsic value, not only that but also it is lower than it which means it is underpriced!

otherwise you can draw the same chart for anything else, including shitcoins that are pumped, and then make the same false conclusion that they are not in bubbles either.

I agree that the intrinsic value is there as well but that can be relative. For instance when the price  of bitcoin drops below a certain level some miners will turn their miners off and that will lower the difficult - causing lower mining costs.

The chart showing it is in its infancy stage in comparison to the dotcom boom shows it is only getting started ( and underpriced ).

Perhaps I should have said :"Is bitcoin really a bubble ready to pop ?"

[tensports]

Bitcoin is not a bubble and in the future it will never be a bubble,bitcoin is one of the strongest currency in terms of value,bitcoin has continue to grow and in future it will be grow more

[TooDumbForBitcoin]

Bitcoin is not a bubble and in the future it will never be a bubble,bitcoin is one of the strongest currency in terms of value,bitcoin has continue to grow and in future it will be grow more

It is a bubble! And it is not bad, all assets going through the various bubbles (mini, standard, mega etc). Just open your eyes and look from another perspective

[fortunecrypto]

Gave you a merit for a good analysis, if Bitcoin is a bubble then it should have burst long ago, but we still a lot of good updates until now, the recent  one is the coming ETF approval, hopefully, they will approve so this fuds will stop once and for all and we can move further.

[BitcoinHodler]

Bitcoin is not a bubble and in the future it will never be a bubble,bitcoin is one of the strongest currency in terms of value,bitcoin has continue to grow and in future it will be grow more

It is a bubble! And it is not bad, all assets going through the various bubbles (mini, standard, mega etc). Just open your eyes and look from another perspective

in that case the bubble has already popped or have you missed the 8 months bear market and the 70% drop of bitcoin price?

[bangkecol]

Many sources are still confusing about this bitcoin prediction, why is that? because there is nothing certain in the fundamental terms of how bitcoin has a big effect, this is truly unique to me.

[richan]

Almost of 10 years existence of bitcoins, I wonder why people still think bitcoins is a bubble. Bitcoins like any other financial asset can go up and come down and bitcoins staying longer in the bearish market dont mean it is bubble.

[andriarto]

Almost of 10 years existence of bitcoins, I wonder why people still think bitcoins is a bubble. Bitcoins like any other financial asset can go up and come down and bitcoins staying longer in the bearish market dont mean it is bubble.

logically the more days, the more people use, so i think there will be no bubble, we know that developed countries like Japan have legalized it, so if i get support from developed countries, i think it will have a bright future

[kerzhake]

\ no bitcoin is not a bubble and you do not need to inspire it because of this you lose the opportunity to get your potential profit

[Jerrycryptofield]

To be honest, it will be useless to make the people believe in the fact that bitcoin is not a bubble. That is because they do not know that the level of contribution it has on the payment system.

[swissgang]

Everyone including economists etc. have different thoughts regarding if it is bubble or not, so one still may not believe in your analysis. Even if it is a bubble there is opportunity for those who saying it is bubble.

[odessit1377]

If Bitcoin was a bubble, he would not have kept his solid promise for such a long time. And so he stubbornly holds, even against last year's price 2.5k today he has fallen from 20k to 7k. No bubble is capable of this.

[Xising]

Right now I think bitcoin is the opposite of a bubble, it is very undervalued in terms of what it will bring to the global financial system. As it stands right now, the total marketcap of crypto is only 210 billion, that is extremely small in terms of global monetary supply.  If bitcoin just manages to capture 10 percent of the monetary system the eventual marketcap will be in the trillions.

I agree. I think that Bitcoin is not a bubble because, if it is, it should have popped a long time ago, and it should have seized to exist by now. I think that it has risen to a point where it can bring a lot of big returns, especially during the times when it is surging. However, it comes with patience before that is possible because, at the current status of the market, it is just so difficult to get those returns people get before, and so, if you are a true investor and believer, then you just have to be patient and plan ahead.

[jonloner011]

If your concept is unclear with BTC and you do not know the level of contribution it has implemented on the market, then no matter what we do to make to make that person see that it is not a bubble, he will not come in terms with us; until the realization hits it on his own.

[indopool]

I personally don't like to listen to negative news about Bitcoin, and I hope Bitcoin investors also never listen to mass media that always preach negative about Bitcoin, because they are fully controlled by the government so they will never tell the truth.

[balamuda]

I don't think bitcoin is a bubble even though many media that say bitcoin is a bubble, but I don't believe that is true. Bitcoin is not stable, but in reality bitcoin can survive to this day, and so many people believe in bitcoin, and that can be proof that bitcoin is not a bubble.

[StrongImagine301]

Bitcoin can not be a bubble because the users of it is huge and day by day the number is increasing and this amount of people can't be wrong.

[wxa7115]

The truth is that no one knows for sure, if you look at how some markets have developed in the past you would think that they were bubbles but they were not, it was just that people began to adopt this new technology at an amazing rate, so even if sometimes bitcoin looks like a bubble that doesn't mean that it actually is one.

We are only going to find that out in the next decades. however it's obvious that since I'm here that I really think that even if the price of bitcoin may bubble once in a while that doesn't mean that the whole ecosystem is a bubble, bitcoin is really useful and it is going to show that usefulness when a confidence crisis in fiat strike us.

[SummerHamster]

Stop listening to what the media or its experts says. They are likely to be the holders of Bitcoin who just want you out of this market just to make a huge profit for themselves. That is why it is best to do your own research and understand whether it is an bubble or not.

[StephKram]

Screw the media.  Turn it off.  All they are attempting to do is manipulate you.  Bitcoin if anything is in a huge slump.  How can you be in a bubble when your off your highs like this?  Saying it's a bubble doesn't even make sense at this point.