Is bitcoin a bubble?

[Mpamaegbu]

Hell no! Bitcoin isn't a bubble. I think doubters got the memo after Bitcoin didn't collapse in 2017 after the Bitcoin fork in August and the Chinese ban that came almost immediately that same year. I mean, that was the height of it when China banned it and most of us (I was a newbie then) thought that would be the death of Bitcoin. But that isn't the case now and the way it's looking, very soon the entire crypto market will surpass what we have in Forex Trading that has a $3—trillion daily market base. Crypto is around $1.5 trillion ATM. To even think that was an industry which had a less than $300 billion cap in 2020 is really amazing. Bitcoin is a community based cryptocurrency. Until the community abandons it, nothing will. From the look of things, the community isn't yet ready to ditch it. To the moon ot goes!

[Rruchi man]

If you consider btc as a bubble, it is to say that it is not stable and will never be stable. I for one hold a different opinion that a time will come that after btc surpasses a certain ATH and gains a level of massive adoption and acceptance, we will begin to witness a more stable btc with a more stable price value range.

[ukw]

A number of companies have identified Bitcoin (BTC) as a bubble since its inception about 12 years ago. However, Michael Wu, CEO of the financial services company for digital assets Amber Group, disagrees.

Here is what he says:
"In the early stages this kind of understanding, this kind of skepticism always comes with a lot of price volatility. However, I don't think you can call it a Bitcoin bubble anymore, because, as I mentioned earlier, you have all these institutions, all these billionaires, many companies with several billion dollars, all these newcomers to the crypto space. They buy Bitcoin, buy crypto and there are only 21 million BTC."

[Coin_trader]

If you consider btc as a bubble, it is to say that it is not stable and will never be stable. I for one hold a different opinion that a time will come that after btc surpasses a certain ATH and gains a level of massive adoption and acceptance, we will begin to witness a more stable btc with a more stable price value range.

Yeah, It's a mass adoption and not bubble. There's a huge difference between the two. This topic has been discussed multiple times  and I'm that many answer here was already input on older thread. There is always a FUD incorporated on a massive price, most famous was accusation of bubble due to massive gains.

I will not be surprise that expert traditional traders will FUD bitcoin price as bubble when BTC price reach 100k because they left behind and want to enter on lower price.

[mindrust]

What I know recently is that calling bitcoin a bubble is not true, bitcoin truly increase price and reduce price, but bitcoin still have one thing in common, if the price decrease today, it will increase back later in a way it will supersede the all time high. Many years ago, people that believe in bitcoin only like to hold, thinking its price will increase no matter what because they have fathom how people will still know the true value of bitcoin. 2018 was the worst year for bitcoin as it decrease below what people can think about, which bring the impression of bitcoin being a bubble to be more solid, but in 2020, after Halving, the price of bitcoin increase and now in 2021 the price increase above $50000. I am thinking calling bitcoin a bubble is not right, the right ideal word is to believe that the price will rise even after it falls.

Even if bitcoin still fall, the way it is, people will still go for it which will make the price to increase. Remember gold is once at this stage before, but people invested in it made it what it is today, the world are moving from old era to digital time, very possible bitcoin will be the most successful asset in the next 30 decades. Believing in bitcoin will help as the price will still increase, even if it decrease, it will return back and increase more than the all time high.

Nobody can tell because bitcoin is not a company. There is no PE ratio or whatsoever. No dividend yields too. If people are willing to pay $60k for a coin then the price is $60k. If people think it is worth $1k then it is $1k.

But there is something else you can watch for:

The stocks market.

If you think stocks are in a bubble right now, bitcoin probably is too. Because bitcoin's movements are kinda correlated with the stocks since the last year or so. As long as stocks keep climbing, bitcoin will also do.
 

[pixie85]

They've been saying Bitcoin is a bubble for a decade already and then bitcoin is going to die. They weren't just nobody but well-known individuals who had been in the finance industry for years comparing it to the tulip bubble. Now they look at themselves being the joke after bitcoin keeps breaking its ATH. I think some of them already admitted they were wrong.

Some people just can't understand what Bitcoin is and where its value comes from. They look at it like it should be a real coin and then find out they can't touch it and there's no maker they can blame for all the problems and it makes them confused

I say ignore them and keep going. You don't invest for them but for yourself.