Bitcoin IS a BUBBLE and will BURST!

[LeGaulois]

4 million dollars per bitcoin means 84 trillion dollars all for bitcoin if I am not calculating it wrong. That is more than almost any countries GDP aside from couple. That would not be possible in this system we are living for sure, maybe in 100 years when just one burger costs a thousand dollars than we can see it happen but in this economic world and prices having bitcoin at 4 million dollars is impossible, hell even 100k is a big big challenge for us right now, more likely is the max cap at 60k because that is a little close to nasdaq and nyse levels which it can reach with the help from the global aspect of it and the community behind it.

I am not looking to see BTC at 4 million, but I will be happy with the $60k I won't complain, trust me. lol
Back to the topic, only the time will tell us if we were right or wrong. BTC could be a bubble that stays longer than the others that we got in history.

[Ayiranorea]

Users have got difference of opinion about bitcoin, some believe it is a bubble and some understand about the backing technology. When the technology behind bitcoin is known in the right way one will not mention bitcoin as a bubble. Whatever might be, there is always some form of cyclic process. Even after price burst automatically it'll grow again.

[pooya87]

who cares about that bubble NOW! it is going to happen at least a year and a half from now. you should focus on the current existing bubble, the reverse bubble that we have been stuck inside and has been bursting with the price rise.

bitcoin IS in a bubble and until it properly bursts and price reaches at least $6.5k we will remain in this reverse bubble.

[perla]

Users have got difference of opinion about bitcoin, some believe it is a bubble and some understand about the backing technology. When the technology behind bitcoin is known in the right way one will not mention bitcoin as a bubble. Whatever might be, there is always some form of cyclic process. Even after price burst automatically it'll grow again.

As long bitcoin still have demand, i think bubble wouldn't come in a short time. Because it is like what you said, cyclic process will always happen and even price got decreased, will be bounce only need time.

[gabmen]

It is, and it did already. Several times in the past. Ans then it gets inflated so the value grows and then gets popped again. It's a continous process and it's what makes it attractive to investors trying to make profit.

[El duderino_]

time for the FOMO, sell all .....and^

[candra raditya]

Too ambitious to predict the high price of bitcoin, the price of $4,000,000 is impossible to achieve and it is only a wishful thinking.

[ausbit]

It is, and it did already. Several times in the past. Ans then it gets inflated so the value grows and then gets popped again. It's a continous process and it's what makes it attractive to investors trying to make profit.

This process is what will gradually lead the Bitcoin price to its ATH in future. Right now, the next target will be $7k, after which it will drop below that to $6k +, from there it will pick another value like say $9k, drop again below that and keep following that trend till we see a very big spike in the price of BTC when the time comes.

So within this time, any smart investor or trader will take advantage of this to make profit on half of their investment every time this trend comes, I have already made mine on this past one and I have reinvested again, I am waiting for the next one to come again, get my profit when its high, while I wait for it again to crash a little bit for me to buy.

[mrdeposit]

Wherever there is demand and supply, the price never moves in one direction. The only difference is the sharp big movements because of volatile price. This will also change as time goes on, and if this is what you want, you should go to other sectors.

[samcrypto]

Too ambitious to predict the high price of bitcoin, the price of $4,000,000 is impossible to achieve and it is only a wishful thinking.

That was sarcastic i believe because many critis saying that bitcoin is a bubble and the sudden burst begin to happen for what the OP has been made. The current uptrend is good and its the start of all higher price. Bitcoin will burst up high again and those critics will have to invest on that price.

[liberox]

4 million dollars per bitcoin means 84 trillion dollars all for bitcoin if I am not calculating it wrong. That is more than almost any countries GDP aside from couple. That would not be possible in this system we are living for sure, maybe in 100 years when just one burger costs a thousand dollars than we can see it happen but in this economic world and prices having bitcoin at 4 million dollars is impossible, hell even 100k is a big big challenge for us right now, more likely is the max cap at 60k because that is a little close to nasdaq and nyse levels which it can reach with the help from the global aspect of it and the community behind it.

Yes, it will touch them for sure, not later than 2035-2040; I can understand what do You mean, but Your opinion is based on a completely wrong precondition (I see almost all here have it in mind) - that we are living in same stable economical enirontment. $4 mln at that time will NOT HAVE A PURCHASING POWER of $4 mln TODAY. Probably not more than 400-500K. As well it will be the complete crash of the fiat system (as I mentioned USD or whichever fiat currency will not be a financial measurment anymore after that). Actualy I won`t be surprised if it happen even much more soon, however let`s keep these conservative positions. BTW, BTC could easily exceed multiple times the global GDP as it`s not only a currency but a store of value.

When it will burst $1 200 000, I will sell all I have and will stop investing Bitcoin.

You can`t do a bigger misstake than that. If You change Your BTCs for fiat at that time, You will lost evrything with a currency which will devaluate FASTER than BTC corrects; these will be the last days of fiat and You will see what does a hyperinflation means.

[daarul50]

At first, I thought this topic was one of the FUDs from the increase that happened a few weeks ago to inhibit the trend reversal. Apparently, the discussion was far from what I had expected.

Come on guys give predictive information with a strong foundation, don't share information that is only based on the possibility that occurs without first doing research like this because if like this all people are able to do it might even exceed what you stated above.