Topic: Is Bitcoin now the biggest bubble of all time? - page 25. (Read 2971 times)

I think bitcoin's price rise could not be compared with tulipomania since tulip bulbs has nothing to deliver except it remained as an attractive thing.But bitcoin has lots of features to deliver.At fist,it gained importance for its transactions in low fee.Then,people found their investment to be safe from both the governments and hackers.Last positive feature is its tremendous growth in price.

An assets price increase could be termed as a bubble when only it is over valued than its actual value.Here,we could not exactly value bitcoin.It deserves more price than what it is now.

Its price has mainly increased nowadays due to the entry of wall street companies in bitcoin market.So,there are various factors which back bitcoin from its price getting crashed.

Your diagram regards this year to be the peak year for bitcoin but I doubt.
The craze of bitcoin is still among investors and it is about has crossed $20,000 in many countries. Same demand will continue next year too.
So there isn't a big risk buying bitcoin right now in my senses.

do you even understang what are you talking about ?
you said Bitcoin is a biggest bubble of all the time because its price or value is unpredictable and it can fly to the moon.
but at the same time you were saying about the biggest and strongest coin of all the time ?
bubble mean something that does not have a good foundation behind them.
which mean it's a weakest asset that can be manipulated totally by people,
people can push it to the sky and at the same time people can push it to the ground until it lose its value.
it's very clear at this moment Bitcoin is not part of the bubble and it has not yet to reach that point.
the reason behind this ridiculous pump due to demand that keep increasing from time to time,
the whales took that as a chance to maximize their profit.
no more than that.

As I can see that bitcoin is revolutionary currency that ever exist because nobody expect bitcoin able reach this far
And yes, 2017 is the greatest year for bitcoin especially when we are looking for it's value and as soon as it happen, all people become aware for this technology !

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.

You can`t compare bitcoin with bubbles that are already bursted.
What if the bitcoin price becomes more stable and the bitcoin "bubble" never bursts,which means that bitcoin actually  isn`t a bubble?This is just a suggestion,i still think that it is a bubble,but i`m not 100% sure.
Bitcoin will be something like IBM for the IT industry back in the 80s.A giant that will be replaced by other big corporations.I want btc to survive ,but altcoins like ethereum and monero will be the future of the crypto world.

I believe so too. This fluctuative price of bitcoin is a problem, so I think it's possible for bitcoin to crash in any time. I totally believe that it's very risky to buy bitcoin at this rate. That's why I stick with altcoins now

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.

I think bitcoins are not entirely like tulip..since...as we can see from the graph... Tulip never saw that many up downs.. it..was increasing got static then was increasing again and suddenly dropped down...
Where are with bitcoins... We have seen so many ups and downs that I feel has made bitcoins stronger..as people's trust is now increased since they know that no matter what happens the value of bitcoins will sore high so...they usually invest at the time of down and..when the market value increase...they encash...it keeps everything balanced is what I feel..and tulip and bitcoins were entirely different phenomena and..we are now more eligible to handle if anything bad happens... To the market of cryptocurrency.

The Dutch Tulip Mania is one of the most famous bubbles of all time, for the scale of the bubble, the scale of the collapse, and probably including the seemingly obvious nature of the bubble considering the extremely limited functional utility of tulips. Bitcoin has now surpassed the multiples of value appreciation at the height of the Tulip Bubble (and by a wide margin). While this itself is not proof that Bitcoin is a bubble or that a collapse is imminent, it's worth considering if there's a lot more risk buying at this price (currently bouncing around $17,000) than anyone on these boards seems willing or able to recognize.




Thoughts?