Will the price of bitcoin be like a bubble, how do we react to it

[BitHodler]

These people think the Bitcoin market is pure speculation with no real usage. They think it's like tulip mania or the beanie baby craze.

That's how a lot of people think about gold, and gold has been around for thousands of years. It's something that doesn't have much of a real utility other than jewelry and industrial use, doesn't produce anything, and is a game of speculators.

It still has a $7 trillion market cap. People are easy to trash assets or things in general they don't need or understand. Bitcoin is exactly like that. Eventually they will take back their words and buy into it one way or another.

People need to be proven wrong time on time again, each cycle. At the end of the day, the use of Bitcoin could admittedly show more signs of strength, but we can't discard how important speculative bull cycles are for this market.

That what people see as something that made Bitcoin fail as currency, makes sure crypto as a whole remains relevant.

[exstasie]

These people think the Bitcoin market is pure speculation with no real usage. They think it's like tulip mania or the beanie baby craze.

That's how a lot of people think about gold, and gold has been around for thousands of years. It's something that doesn't have much of a real utility other than jewelry and industrial use, doesn't produce anything, and is a game of speculators.

It still has a $7 trillion market cap. People are easy to trash assets or things in general they don't need or understand. Bitcoin is exactly like that. Eventually they will take back their words and buy into it one way or another.

Agreed, the main difference with gold is its status as a store-of-value isn't hotly debated. It's been trusted for thousands of years to hold value and act as money. Bitcoin has 10 years of history by comparison, and we're all just guessing whether mainstream adoption will happen. I'm betting it will, but until we cross the chasm and actually penetrate society, the "tulip mania" crowd will still be here and there's still a chance they're right.

[South Park]

Another claim that bitcoin is a bubble? $3,400 is too high? $20,000 is the highest and the said bubble popped like what most of the predictors said even before. How do we react on this? I'm reacting without anything to say.

I just believe that bitcoin's status is on the bright side and these lows are the best way for it to reach another all time high. It shall go at the lowest before the potential catch up for its rise in the future.

People are going to claim that bitcoin is a bubble even at the current prices, but it doesn't really surprise me, people are going to deny the reality right in front of them because they will be unable to accept the fact that they had the opportunity to buy bitcoin for a cheap price and they didn't, and now they regret their decision and instead of moving on and accepting their mistakes they are going to hold a grudge against bitcoin.

[Thanasis]

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

I am seeing the bubble story again after a long time but the answer is quite the same it's not a bubble it's a cycle keep repeating many times so keep your profits by following the right cycle.but anything may happen at anytime if it is called an investment so don't invest more money which is can't affordable.

[aris av]

The ups and downs of the crypto market are natural, but many think it's a bubble. I think you only need to react to use buying opportunities at low prices and selling opportunities when prices increase.

[OgNasty]

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

I had to make sure this post wasn't from 2018.  The trick is seeing the bubble while you're still in it (or even better before, like now), not after it's deflated.  Answering your question, the logical response is to sell when the price is high and buy when it is low.  Unfortunately, humans aren't very logical, especially when it comes to investments.  A majority of people will buy high and then sell low.  That is just how markets are designed.  Always keep perspective.  Make your own decisions.  Listen to all.  Follow none.

[Febo]

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

I dont know in what circles are you hanging out but in most circles people are complaining that price of Bitcoin is to low.

Price of Bitcoin act like a bubble in each Bitcoin cycle that is 4 years long. It goes up and then pop and reduce to 85% of the ATH ( maximum rice). Then new cycle start.

[Oceat]

As predicted from various circles, the price of bitcoin is very high which is worried that it will be like a bubble, one day it will break apart,,

I dont know in what circles are you hanging out but in most circles people are complaining that price of Bitcoin is to low.

Price of Bitcoin act like a bubble in each Bitcoin cycle that is 4 years long. It goes up and then pop and reduce to 85% of the ATH ( maximum rice). Then new cycle start.

This is probably the result of the long term manipulation in the market. And i don't know what circle is OP trying to show but i do agree that Bitcoin is just like a bubble because when it is ready to grow it will suddenly burst without a warning. And then, BAM you caught yourself regretting because you didn't sell your coins during its peak.

[JohnBitCo]

These people think the Bitcoin market is pure speculation with no real usage. They think it's like tulip mania or the beanie baby craze.

That's how a lot of people think about gold, and gold has been around for thousands of years. It's something that doesn't have much of a real utility other than jewelry and industrial use, doesn't produce anything, and is a game of speculators.

It still has a $7 trillion market cap. People are easy to trash assets or things in general they don't need or understand. Bitcoin is exactly like that. Eventually they will take back their words and buy into it one way or another.

Agreed, the main difference with gold is its status as a store-of-value isn't hotly debated. It's been trusted for thousands of years to hold value and act as money. Bitcoin has 10 years of history by comparison, and we're all just guessing whether mainstream adoption will happen. I'm betting it will, but until we cross the chasm and actually penetrate society, the "tulip mania" crowd will still be here and there's still a chance they're right.

Bitcoin seems to be a bubble to many people because its value is not stable, but it is not true.

Gold is a store of value but the main drawback is that your value in gold remains the same over period of years and it will not increase much. Whereas if you store your investment in bitcoins, there are high chances that you can 2x, 3x your investment in one or two year. This high rate of return makes people invest in bitcoins and not in Gold.

[talkbitcoin]

Bitcoin seems to be a bubble to many people because its value is not stable, but it is not true.

those people don't know what bubble means. it is like saying apples look oranges to many people!
being volatile doesn't make bitcoin a "bubble". being over the intrinsic value makes it a bubble and $20k was a bubble. but also similarly when price drops and corrects the bubble also goes away. so if someone is talking about bitcoin bubble NOW that price has dropped more than enough to burst any bubble then they don't have any clue what a bubble is.

[budiarmed]

The right reaction is to use opportunities to get bigger profits, with the market declining to be an opportunity to buy more. If you panic and think that bitcoin is just a bubble, then it's a good idea to be a spectator.