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Topic: Is Bitcoin now the biggest bubble of all time? (Read 2993 times)

sr. member
Activity: 1666
Merit: 276
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This question, apparently, can only be answered by our children or grandchildren. To be honest, bitcoin has all the signs of a financial bubble. However, this is a completely new type of financial asset. How he will behave in the future, no one knows. However, the very idea of a decentralized cryptocurrency is very promising for existence and development. The price of cryptocurrency and Bitcoin in particular is a slightly different direction. Bitcoin can exist at very low prices.
Only the future generation can give the answer, but with what we came across it doesn't look like a bubble. The growth it has acquired in a very small time period is the reason for people to say it a bubble. The network being independent is the reason for the growth, and if this was a bubble it could've got exploded.
hero member
Activity: 2086
Merit: 553
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I think we can't call the price of bitcoin as a tulip because the various increases that occur in bitcoin are the result of a healthy investment and trading process in the crypto market. Indeed fluctuations can be considered unreasonable but bitcoin is a new digital asset that requires a long adaptation for people to trust.
Bubble in that investment exists and bitcoin can indeed happen it was proven in 2017 Yesterday where there was considerable attraction or interest from people to buy bitcoin at that time. The price reached the highest point in the new history of bitcoin prices. indeed fluctuations in cryptocurrency are quite high, the movements can be quite large every second and there is no control. all depend on the economic system. If buyers are increasing, of course prices will increase and vice versa
sr. member
Activity: 1071
Merit: 253
This question, apparently, can only be answered by our children or grandchildren. To be honest, bitcoin has all the signs of a financial bubble. However, this is a completely new type of financial asset. How he will behave in the future, no one knows. However, the very idea of a decentralized cryptocurrency is very promising for existence and development. The price of cryptocurrency and Bitcoin in particular is a slightly different direction. Bitcoin can exist at very low prices.
Bitcoin would not go as down as altcoins do and I personally believe that the way it is spreading all over the world, there are max chances that in future it becomes global currency of the world. People will use it for trading and business deals internationally. If bitcoin ATM could come in existence, then I don’t think so there is anyway bitcoin can disappear or become a bubble.
hero member
Activity: 2464
Merit: 550
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why bitcoin is often said to be like a bubble while bitcoin has movements not like bubbles, bitcoin has price movements like waves, if you say this time as the biggest bubble I think it's not true because I see bitcoin is still above the price of $5k then it can be said to be not big yet but if bitcoin falls below $2k then that can be said to be the biggest bubble burst.
full member
Activity: 938
Merit: 137
This question, apparently, can only be answered by our children or grandchildren. To be honest, bitcoin has all the signs of a financial bubble. However, this is a completely new type of financial asset. How he will behave in the future, no one knows. However, the very idea of a decentralized cryptocurrency is very promising for existence and development. The price of cryptocurrency and Bitcoin in particular is a slightly different direction. Bitcoin can exist at very low prices.
legendary
Activity: 1596
Merit: 1034
I think we can't call the price of bitcoin as a tulip because the various increases that occur in bitcoin are the result of a healthy investment and trading process in the crypto market. Indeed fluctuations can be considered unreasonable but bitcoin is a new digital asset that requires a long adaptation for people to trust.
hero member
Activity: 1092
Merit: 501
Everything on this planet is a "bubble" destined to explode. And there are official "bubbles" that are much more explosive than bitcoins.
What we can do is try not to be nearby when the bubble really explodes.

Sure, everything can die finally. You can call it a bubble. As for Bitcoin, it is the greatest asset, and BTC is one of the best investments as soon as with time, BTC price will be only going up.
although today bitcoin is still like this but I am sure that in the middle of this year until the coming year bitcoin will definitely experience another increase which will make many users smile again
I don’t know why people are saying that bitcoin is a bubble, if today bitcoin price is not stable and it is decentralized but it does not mean it will remain the same, it is real and it has good value it will make our life better than we are living now day, those who are saying it a bubble will cry someday when price of bitcoin will recover totally same as 2017.
full member
Activity: 826
Merit: 100
No need to say too much about this, it's absolutely true. There has not been a single currency in a year with an increase of more than 30 times its value. Bitcoin did that but the bubble was broken the next year.
This is an event worth keeping in mind in human history.
Where comes the idea of bubble? Do bubbles have the potentials to recover or reform after they burst? If a thing is compared to a bubble that means that thing has a short life span and after the burst, the thing is dead. Bitcoin cannot be compared to a bubble. It has got the capabilities of rising again as it has been doing in years back. Let's be patient, friends.
many are worried that bitcoin will bubble, especially with last year's decline, so many are panicking. if we think about it, even the lowest decline last year has been a fantastic increase, since the BTC was born
member
Activity: 938
Merit: 14
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No need to say too much about this, it's absolutely true. There has not been a single currency in a year with an increase of more than 30 times its value. Bitcoin did that but the bubble was broken the next year.
This is an event worth keeping in mind in human history.
Where comes the idea of bubble? Do bubbles have the potentials to recover or reform after they burst? If a thing is compared to a bubble that means that thing has a short life span and after the burst, the thing is dead. Bitcoin cannot be compared to a bubble. It has got the capabilities of rising again as it has been doing in years back. Let's be patient, friends.
sr. member
Activity: 2030
Merit: 356
the value of bitcoin lasts around $ 3500 for quite a long time, is this a sign that it will end? it's still hard to say it all. The bull run can still occur, if indeed some efforts succeed in making investors re-believe they will invest again in Bitcoin.

This price is still high if you consider the starting price of one bitcoin.
Everyone calls bitcoin because they missed the chance of buying early and now they don't want to see other people getting rich.

Bitcoin is not a bubble. This ecosystem exists 10 years and it will last forever. The chain cannot be broken now.

If you see the bitcoin price was near 350$ and today after 3 years it is almost 10 times more with 3500$. This growth of bitcoin is great as you will not find anything which grows 10 times in 2.5 years. The reason why people think it is a bubble is that it went high to 20000$ and many people bought it at such high price. since their investments is down by 10 times, they keep on calling bitcoin a Bubble.
full member
Activity: 668
Merit: 100
DogData
Everything on this planet is a "bubble" destined to explode. And there are official "bubbles" that are much more explosive than bitcoins.
What we can do is try not to be nearby when the bubble really explodes.

Sure, everything can die finally. You can call it a bubble. As for Bitcoin, it is the greatest asset, and BTC is one of the best investments as soon as with time, BTC price will be only going up.
although today bitcoin is still like this but I am sure that in the middle of this year until the coming year bitcoin will definitely experience another increase which will make many users smile again
member
Activity: 532
Merit: 10
 No need to say too much about this, it's absolutely true. There has not been a single currency in a year with an increase of more than 30 times its value. Bitcoin did that but the bubble was broken the next year.
This is an event worth keeping in mind in human history.
member
Activity: 980
Merit: 62
the value of bitcoin lasts around $ 3500 for quite a long time, is this a sign that it will end? it's still hard to say it all. The bull run can still occur, if indeed some efforts succeed in making investors re-believe they will invest again in Bitcoin.

This price is still high if you consider the starting price of one bitcoin.
Everyone calls bitcoin because they missed the chance of buying early and now they don't want to see other people getting rich.

Bitcoin is not a bubble. This ecosystem exists 10 years and it will last forever. The chain cannot be broken now.
legendary
Activity: 2646
Merit: 1106
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The growth of bitcoin is tremendous that it cannot be compared with any other sources. In a very short time period it grew to the peak and got destroyed to the floor with small time period. It is a cyclic process, and as a part now the price has declined and the same will pump. We cannot predict the time target which makes it the riskier.
member
Activity: 420
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For me it is not about looking at the bubble thing, it's about looking at how it had made the lives of people easy when they could use bitcoin to serve the purpose which other systems could have made it so complicated. Imagine sending money to serve a very important or urgent need like in case of an emergency, where people before got no choice but wait for so much time and do a lot of effort just to send it. Bitcoin creates a shortcut and that is what I do like most about it.
full member
Activity: 1246
Merit: 102
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the value of bitcoin lasts around $ 3500 for quite a long time, is this a sign that it will end? it's still hard to say it all. The bull run can still occur, if indeed some efforts succeed in making investors re-believe they will invest again in Bitcoin.
I don't believe when bitcoin ends, even though no one knows in the future. especially starting from the beginning until now, actually the development of BTC is good. just because many panicked during 2018 so it spread
full member
Activity: 686
Merit: 104
the value of bitcoin lasts around $ 3500 for quite a long time, is this a sign that it will end? it's still hard to say it all. The bull run can still occur, if indeed some efforts succeed in making investors re-believe they will invest again in Bitcoin.
sr. member
Activity: 1428
Merit: 251
Bitcoin still traded and i think thats indicating bitcoin is not a buble. I think its called buble if bitcoin price become zero and no one trade bitcoin anymore. Its true that bitcoin price drop and many investor moan about this but i think its very usual in any market that the price always volatile
we could called it buble if no more investors interested in this market.but now , the fact was different.BAKKT even will launched their futures trade for bitcoin and ethereum.no more people said it as bubble again.

I am agree, we saw in market that bitcoin still having biggest daily transaction volume and its very liquid market. I am believe bitcoin is legit investment and will survive for long time. Its good to hold bitcoin for long term because we can sell it instantly and very liquid when we need money
sr. member
Activity: 686
Merit: 250
Yes, Bitcoin is a bubble in terms of financial relations, because it is not based on financial relations,
but on a new technology. For the means of payment this is not enough. However, no one knows what will happen to Bitcoin. He may die in a few days, or he may exist for centuries. Time will tell.
If bitcoin lasts that long then it was not a bubble, one thing that some people may miss is that when a new technology is created the volatility and the price movements are very similar to what you see in a bubble created by speculators, so I really believe that what we are seeing is something similar to that and many people which said that bitcoin is a bubble will have to recognize their mistake.

actually bitcoin already existed for nine feakin years and it is considered long enough to say that bitcoin is not really a huge bubble . people only mistaken it as a bubble because they dont consider the risk before they invest and now they loose . they know starting to blame bitcoin but actually that is thier own fault .  volatility is not a bubble but rather it is only an advantage in order for us to earn good income  as long as you know how to wait .
That is enough for you but not for those that keep saying that it is a bubble, something that is only 10 years old is still very young in the eyes of many especially since the technology of bitcoin is completely revolutionary and it was not like anything the world have ever seen so I can understand why some people are still not that convinced if this technology will work.
full member
Activity: 966
Merit: 104
Many people trully called bitcoin as biggest bubble of all time ,but the truth is bitcoin has achieve a great milestone in many years now , some claimed bitcoin changed their life a lot , if bitcoin is a bubble then from the time it was launched it is already gone but up to now bitcoin is survive and stand strong even the odds it encountered for years, so bitcoin is not a bubble.
Bitcoin has all the qualities of a big bubble, but it has been running for more than ten years. Whoever fears such a bubble may not participate in it. However, most simply use the opportunities that Bitcoin provides us. In this world, everything is temporary, including ourselves. Therefore, while you can earn on cryptocurrency, do not forget about the possible risks.
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