Topic: Is Bitcoin now the biggest bubble of all time? - page 23. (Read 2988 times)

Part of me feels compelled to point out growth charts depicting automobiles replacing horse drawn carriages resembled a bubble. The growth of personal computers and operating system manufacturers like microsoft resembled a bubble, as they replaced more traditional paper trail based office systems.

One valid question may be whether crypto currencies represent the next evolution of banking and electronic payment systems. If a case could be made for bitcoin eventually making banking systems and electronic fiat obsolete. What we could be seeing is what happens when someone succeeds in inventing a better mousetrap. In that case, bitcoin wouldn't be a bubble, it might better be described as the future? If that makes sense.

It could come down to how much of a legitimate need there is for technologies like bitcoin. That's something that isn't easy to measure as far as I know. If there's a real and dire need for bitcoin and crypto currencies which will sustain their growth, it may not be a bubble at all.

Also keep in mind the chart which depicts bitcoin's growth could be misleading. Bitcoin reached an all time high of greater than $1,000 around 2014. A case could be made for btc trading at nearer to 10x its ATH, which could be sustainable, rather than the 40 to 60 x some cite back to around 16 months ago.

Absolutely. Bubble or not still bitcoin is bitcoin and we're all profiting with it. I just don't get it why people always says that bitcoin is a bubble when the truth is just in front of their faces. We've seen how it struggle and when it recover it just surprise us whenever it bounce back.

There's quite a difference between a sound investment and a bubble. Knowing something is a bubble should automatically mean you don't want to be invested in it, because otherwise you're acknowledging that the price is irrational but think that you can profit off it before it pops, which comes without warning. If people could get out of bubbles before they popped, there'd be no such thing as bubbles. The nature of a bubble is the unpredictable nature of the collapse. A sound investment probably doesn't appreciate as quickly as a bubble, but it doesn't crash like it either, and is a stable investment rather than an irrational, unpredictable one.

I think Bitcoin is the best investment opportunity of all time, therefore in a sense, yes I do believe Bitcoin is the biggest bubble of all time. Thinking about it in that sense. Although I think we are still in 1994 in crypto compared to the dotcom boom. Why? Because there still isn't a reliable interface to use Bitcoin and it isn't liquid enough. When Windows 95 came out it revlutionized computers being used in personal envornments and we need a Windows 95 of crypto and then the bubble will truly be the biggest bubble of all time.

Bubble or not as long as we earn from bitcoin, who cares? I think if bitcoin is a bubble it had already burst. Right?

Yeah. Bitcoin is now the biggest bubble of all time becuase its value is unpridectable nobody knows if bitcoin is what exactly amount reach. Bitcoin is bounceback and after that he can fly to the moon. Bitcoin is the biggest and strongest coins of all time.

Due to the rise in bitcoin price this time isn't completely natural, not like two month ago. But, the rise in bitcoin prices this time in controlbby thousands of large investors.

Until the so called bubble burst, bitcoin should not be termed as a bubble and mostly it's those who are afraid of bitcoins or have no knowledge about how it works who keeps on saying that bitcoin is indeed a bubble but whether its a bubble or not, I think only time can decide that.

To think that bitcoin have stayed many years and continued to maintain its market value. I don't think bitcoin is a bubble waiting to burst.