Topic: Bitcoin - asset bubble comparison (Read 613 times)

Does anyone have any data or report on bitcoins vs other historic bubbles like tulipe, housing, internetstocks etc on RELATIVE basis? I mean in terms of relative valuation, % of population using/knowning , % av asset class vs others etc etc any relevant data to compare?

My sense is that EVEN if bitcoin is a bubble and will go to zero one day, (I'm bullish) it's still very very early days compared to other bubbles on a relative basis, even though everyone here feels like you read about it everywhere, just pick up the phone and call your random cousins, friends, parents whoever outside the ecosystem and ask if they know what bc is let alone  if they OWN one then you realize its early days , where in other bubbles you had everyone you knew and their moms and pops talking/owning/hyping the underlying asset (dotcomboom internet stocks, housing, tulipe? etc )

I think we all can agree upon that history will repeat is self, basic human psychology such as greed (building the asset) and fear (when it collapses) has not and will never change, and that bitcoin COULD potentially
become the biggest global bubble in history. I just think that if that is the case,  it will be 100 or 1000x bigger then we are realizing based on a few things:

1. The world will soon have 7b connected devices and people sharing and connecting content
2. Therefore, The absolute rate of early adopters in any field/sector/product specially in such asset as a global digital currency can be in 10s if not 100s of millions of users and still be very tiny proportion of the pie
3. So The market cap /valuation/total circulation of the underlying asset in absolute terms could become so much much bigger then we are realizing before it bursts

It's mentally difficult and intimidating to think of hundreds of billions or trillion with T on anything because we never seen heard of T, just like billions of dollars or users in facebooks case were 10y+ ago for internetcompanies/valuations before skype,google,facebook etc came. Now the the new millions are hundreds of millions and the new billions will become trillions, again  in relative basis its actually not that much of total trade of goods,currency etc ( and will keep growing) I'm mainly a public market investor but just an example,  in public markets people are very intimidated by the fact that apple has a very legitimate chance of becoming a Trillion dollar company, it's just a mental barrier. Look at snapchat,  nobody has barely heard of it outside teens and valley geeks and its valued 4b, with 30 employees and who knows it could grow
10x more before it collapses. In bcs case we are talking about a GLOBAL DIGITAL CURRENCY so even if it's a bubble it might get to 500b in mkt cap before it bursts, that is my bet.

Love to hear comments/thoughts but more importantly  flaws/criticism of this thought, although with all bulls here maybe not the right forum.