Will Bitcoin be the biggest bubble economy in history?

[temple]

The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?

Your question is totally justified and the arguments provided in the thread here why Bitcoin is "of course" not a bubble are quite weak. Of course, Bitcoin could be a bubble as much as Tesla cars could end up being a bubble market. Or houses, as we have seen in the past. A bubble doesn't make houses or cars go away and neither will it make Bitcoin go away. Tulips back then pretty much disappeared (from the investment landscape) because people realized that they are great to look at maybe, but that's it. Houses still give you shelter, cars bring you from A to B, and Bitcoin, the protocol, obviously allows you to keep a true ledger of facts on a global scale without any single entity being able to mess with the truth in any way. That has a lot of implications, many of which most likely aren't even known to us yet.

Again, Bitcoin the protocol may be extremely valuable, but who the heck is supposed to know how valuable? It can definitely end in a bubble, but even being in a bubble doesn't take away the protocol's ability to serve purposes that no other protocol could do in the past.

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[the rise]

bitcoin is considered buble because of the speculation that exists in bitcoin, it seems to me absolutely, benefiting from speculation of bitcoin as if bitcoin is a worthless coin, but here we all always judge bitcoin from its technology, because there are still many ideas and concepts that can be explored from this bitcoin.

[Coyster]

What do you think, do you think Bitcoin will become the biggest bubble economy in history?

Why would anyone even think Bitcoin would end up being a bubble, except you do not understand the Bitcoin network. I for one do not even like the word bubble being mentioned with Bitcoin, there would be spontaneous plunges and price corrections, but Bitcoin being a bubble that would just plunge, without rising again like some altcoins do, is not possible in my opinion. Bitcoin is a long term sustainable coin, thus it can't be called a bubble, if you believe in the network and are a long term investor, there's no need worrying about FUD and the media spreading panic information.

[kojektea]

Bitcoin is divided into 2 opinions, some say that this is buble , some say that bitcoin is the future, it depends how the person knows bitcoin, because there are people who only theorize there are directly benefited. Those are two opinions that are not wrong but I believe that bitcoin is the future.

[Vishnu.Reang]

Look at the numbers. You will realize that Bitcoin is not that big. The biggest bubble in the economic history is the US Dollar and this bubble is going to burst very soon with all the stimulus measures and big spending plans from the Biden administration. The federal debt of the US itself is around 40 times larger than the market cap of Bitcoin. Now tell me which one is a bigger bubble. Intelligent regimes have started to realize this and that is the reason why the government of El Salvador gave legal tender status to BTC and made it equal with the USD in status.

[newwest]

Bitcoin is divided into 2 opinions, some say that this is buble , some say that bitcoin is the future, it depends how the person knows bitcoin, because there are people who only theorize there are directly benefited. Those are two opinions that are not wrong but I believe that bitcoin is the future.

With the inclusion of the Corporates and private institution in their portfolio from last year means that they do consider it has a future and worth the money. So for the ones who believes in it should be staying invested and look for the good buying opportunity at the dips. Rest of them if want to be part of a successful returns in future should ideally be buying it unless they differ in the opinion.

[dimonstration]

Bitcoin is divided into 2 opinions, some say that this is buble , some say that bitcoin is the future, it depends how the person knows bitcoin, because there are people who only theorize there are directly benefited. Those are two opinions that are not wrong but I believe that bitcoin is the future.

As long as we know how to handle the situation there will be no problem at all. It can be a bubble like happening now but it already helped many to earn and gained profit. Who knows in the future the market will be fine again. We just need to wait or find other way to still earn from it.

[ubercool]

The OP needs to study more about Fiat rather than Bitcoin. Bitcoin is in existence from more than 10 years now and we only see more people and even the institutional investors are getting into it as the time goes. People need to understand what a bubble is and it is not like the whole market price can be manipulated by some people now.

[BrarM]

I understand the skepticism around bitcoin, the underlying value and tech mumbo-jumbo. But, i feel it is much more than that. The technological underpinnings are sound and supply-demand gap will only increase. My blog at https://abitcoin.ca/blog/Bitcoin:_5553644621985569331 deals exactly with the issue that if Bitcoin is technological wizardry or a ponzi scheme.

[Barry Mantle]

Rise and fall is the norm in the market. Whether it is a bubble or not has yet to be considered. After all, Bitcoin assets have begun to be accepted by some countries, but it is clear that no matter how much Bitcoin falls, its price will eventually rise.

[Rebdoomer]

Tulips bubble had an infinite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.

That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.

[Kiley33]

Of course not, and it is impossible. After so long, will anyone still think that Bitcoin is a bubble? If you have just started with Bitcoin and you have just started contacting Bitcoin, what you think is a bubble, this is still the past, but it has been so long, and still saying that Bitcoin is a bubble, is this a fool?

[Amejoaquim]

It can be if we see the progress of bitcoin since 2011 i have no doubt about ur opinion.

Not just bitcoin i think ethereum has the same chance like bitcoin to become the bggest bubble economy in history.

[famososMuertos]

bitcoin is not the best candidate to take such a designation, but some individuals who are related to bitcoin and have nightmares about the future of bitcoin seem to dream of it.

Obviously bitcoin is still something new despite its 10 years, in reality it is still young its little adoption or penetration as a legal tender, but its +10 years and what has happened in recent months, despite the price current for some, it is far from becoming an economic disaster.

[Lubang Bawah]

The macroeconomic state in which asset value surpasses the real economy and easily loses the ability for sustainable development is the bubble economy. The bubble economy is often supported by a lot of speculation, and its essence is greed. To put it simply, in a loose monetary environment, asset prices deviated from the fundamentals, and then soared and plummeted. The bubble economy has repeatedly appeared in human history, such as the tulip mania in the Netherlands. Even now, many people think that the US stock market, Chinese real estate, and Bitcoin are the three major financial and economic bubbles. What do you think, do you think Bitcoin will become the biggest bubble economy in history?

I've heard this a lot for 10 years, in fact many people have been helped by the presence of bitcoin, now more and more real businesses are accepting bitcoins and many stock markets are trading bitcoins, of course it is clear that bitcoin is not bubble economy.

[temple]

Tulips bubble had an infinite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.

That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.

That's all correct although I often asked myself whether it is 100% known how much gold there is on Earth. Yes it is finite of course, but do scientists or the respective companies know how much gold there is? I think that might be another advantage because with Bitcoin even my grandma knows how many there will be, but with gold I think hardly anyone, if anyone, really knows. Couldn't it be possible that somewhere in the sea a couple of miles below the surface gold could be found? To me there is still an unknown while for Bitcoin there is not.

[ene1980]

bitcoin is not the best candidate to take such a designation, but some individuals who are related to bitcoin and have nightmares about the future of bitcoin seem to dream of it.

We are hearing about the bubble theory for a very long time and it is the only thing haters who does not understand the market will call in the next 10 to 15 years as well and the best option is to ignore these idiots and move on rather than defending their claims as it will fuel them further.

Obviously bitcoin is still something new despite its 10 years, in reality it is still young its little adoption or penetration as a legal tender, but its +10 years and what has happened in recent months, despite the price current for some, it is far from becoming an economic disaster.

To be frank, the price does not matter if we are looking for global adoption, price increase should come naturally because of global adoption rather than viewing the Bitcoin market as a speculative asset and since the view is different from the vision we had in the past we will see huge volatility in the price and still you cannot call them as a disaster.

[Rebdoomer]

Tulips bubble had an infinite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.

That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.

That's all correct although I often asked myself whether it is 100% known how much gold there is on Earth. Yes it is finite of course, but do scientists or the respective companies know how much gold there is? I think that might be another advantage because with Bitcoin even my grandma knows how many there will be, but with gold I think hardly anyone, if anyone, really knows. Couldn't it be possible that somewhere in the sea a couple of miles below the surface gold could be found? To me there is still an unknown while for Bitcoin there is not.

I agree. I also wonder about how much gold that cannot be reached such as in the deep sea. While Bitcoin's final coin can be finally mined.

[mindrust]

Tulips bubble had an infinite supply.
.com bubble had an infinite supply.
ICO bubble had an infinite supply.
NFT bubble had an infinite supply.
The US dollar bubble and US debt has an infinite supply.
Bitcoin has a finite supply of 21 million coins.
Gold has a finite supply on earth.

That's why I call ICOs, NFTs and .com sites as digital tulips. Though 99% of these failed, 1% of these did become successful. Bitcoin is not a bubble because it's finite compared to the other bubbles. Bitcoin is compared to Gold because of it's finite supply.

That logic is solid af.

In other words, there aren't enough bitcoins for everybody in the world.

This also explains why gold is lagging hard against bitcoin. Only a few years ago gold and bitcoin was at a parity. Bitcoin hit $60k later on and gold haven't moved much since than. When this correction ends and bitcoin gathers its shit together, I am pretty confident that it will hit $1.000.000

[clorasteinberg]

I don’t think so. I agree that it was in a bubble some time ago but I have seen people investing in it thinking that it will rise in value in the coming future. And in fact it did.