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Topic: Is Bitcoin now the biggest bubble of all time? - page 4. (Read 2938 times)

full member
Activity: 826
Merit: 100
Not really if you read lots of news and articles, fundementals and watch some educational videos related to crypto you'll know that the price is currently being manipulated by fake volumes produce by mostly chinese exchanges and the second cause is big names like JP morgan and wall street investors purposely spreading FUD. I have my speculations to why they're doing this. You should expect a massive bull run soon.
FUD is making anxiety for investors, not a few of those who panic sell so the consequences are like what we can see today, but something fake will certainly return to normal. and we are patient for that
sr. member
Activity: 1400
Merit: 269
Not really if you read lots of news and articles, fundementals and watch some educational videos related to crypto you'll know that the price is currently being manipulated by fake volumes produce by mostly chinese exchanges and the second cause is big names like JP morgan and wall street investors purposely spreading FUD. I have my speculations to why they're doing this. You should expect a massive bull run soon.
STT
legendary
Activity: 3878
Merit: 1411
Leading Crypto Sports Betting & Casino Platform
Its impossible to mark the graph accurately because the value of dollar is not fixed or known especially accurately.     The biggest bubble is this one:


Thats the ten year treasury debt rate which was never this low even when US was a net exporter, the worlds largest and offering exchange in gold for any dollar.  

If the measurement of all the bubbles is in a unit which is itself inaccurate and subject to change then its hard to be accurate in the bubble comparison.    Pretty sure the US debt is the largest bubble to answer the OP question

I'll edit in this article I saw just now which basically seems to say the world cant afford higher rates then now (despite it being near an all time low).   Its likely true, but the reason is that dollar is especially overvalued https://www.wsj.com/articles/quantitative-tightening-not-now-11544991760
newbie
Activity: 76
Merit: 0
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.
the increase in the bitcoin exchange rate will always occur, but a decline will also occur, an event like this could happen because there is excessive market demand, but if the market demand has experienced saturation then what happens will be a decline, and the market will look for alternative products to be able taken advantage, so bitcoin will experience a saturation point and will soon be replaced by new coins, but everything will happen temporarily.
full member
Activity: 546
Merit: 100
Looking at the graph of OP, still bitcoin now is not consider as a bubble. Compared to Tulip Mania where it only last 3 years, bitcoin is till having a good value for almost 5 years. Perhaps, it will last long enough and probably will bounced back ahead on it's price.
jr. member
Activity: 294
Merit: 1
Bitcoin is not going to following the disappointed trend of such previous bubbles. It is a different phenomenon on its own. Bitcoin is money, and as such there will always be an increasing demand for it.
full member
Activity: 1708
Merit: 126
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?


I believe it's not. We all know that crypto is volatile but that doesn't mean that we'll just end up with nothing. It is important that we'll know how to handle the changes here. Crypto isn't a bubble but rather volatile and it has proven us a lot so we should not doubt about it.
member
Activity: 462
Merit: 11
bitcoin will continue to provide profit bubbles for us to hold coins and that is certainly because bitcoin has many benefits for the people now and this potential will continue to grow. at this time the crypto price has decreased and this is the right time for you to increase the value of crypto investment so that profit generation in the future is better
full member
Activity: 504
Merit: 105
But what is bubble ?what we mean saying the bigest bubble in history is USD i think as they just as more as they want who knows how much usd we have in the world that is real bubble.
hero member
Activity: 2660
Merit: 613
Leading Crypto Sports Betting & Casino Platform
I most likely now agree that the bitcoin is a bubble, because well, you can’t so quickly blow something up to incredible heights and also quickly burst the bubble to the lowest bottoms, this is only possible with bitcoin and almost all cryptocurrency, because almost all cryptocurrency depends from bitcoin. I think bitcoin will be considered a bubble until the government takes bitcoin and the whole cryptocurrency in their hands.

If the government takes Bitcoin in their hands, it will be the end of real decentralized cryptocurrency. Traders will be not able to make as much money as they can do it now. As for the bubbles...BTC is not one of them.

Bitcoin is not a bubble at all. As far as governments are concerned , they may not be interested in legalizing bitcoin because they think it will be threat for their own financial system of the country. Bitcoin was meant to be decentralized and it should remain like this.
legendary
Activity: 2212
Merit: 1008
I most likely now agree that the bitcoin is a bubble, because well, you can’t so quickly blow something up to incredible heights and also quickly burst the bubble to the lowest bottoms, this is only possible with bitcoin and almost all cryptocurrency, because almost all cryptocurrency depends from bitcoin. I think bitcoin will be considered a bubble until the government takes bitcoin and the whole cryptocurrency in their hands.

If the government takes Bitcoin in their hands, it will be the end of real decentralized cryptocurrency. Traders will be not able to make as much money as they can do it now. As for the bubbles...BTC is not one of them.
full member
Activity: 812
Merit: 108
I don't think bitcoin is bubble because of its price fluctuations. as we know crypto one the controversial topic in the world and there are many uncertainties in the environment due to that if price has fallen that would not mean that bitcoin is bubble.
For example -- If there is war  between two countries due to that share market ( stock price fallen drastically) collapse what will you say that is there any bubble in the stock prices.. Not naa the same thing happened with bitcoin..
member
Activity: 448
Merit: 10
It's not a bubble but rather a manipulation to the price if you look at the coinmarketcap top 100 exchanges you'll see some unknown exchanges that has volume trading of millions per day. Now if you refer at this site https://www.blockchaintransparency.org

You'll find out that they have only few users but their volume trading is showing millions of dollars. Now that's suspicious.

If that's the case, I would suggest that bitcoin can atleast put some additional security on their system, no one should ever manipulate it becaise ot seems so infair to those who play fair.
sr. member
Activity: 1400
Merit: 269
It's not a bubble but rather a manipulation to the price if you look at the coinmarketcap top 100 exchanges you'll see some unknown exchanges that has volume trading of millions per day. Now if you refer at this site https://www.blockchaintransparency.org

You'll find out that they have only few users but their volume trading is showing millions of dollars. Now that's suspicious.
member
Activity: 602
Merit: 11
It is not all a bubble, with the price of bitcoin fluctuating the people lacking the true knowledge about bitcoin term it as a bubble. If this is a bubble then the destruction of bitcoin as well other digital currencies would have begun long ago, but now the growth continues. This clears the confusion whether it is a bubble or not.

I'd say that a drop from $20,000 to $6,000 over the course of 6 months is evidence enough it was a bubble. Perhaps it didn't "pop" so much as deflate, but it was a bubble nonetheless. Bitcoin has been bouncing around for a long enough period of time and at a price significantly under the ATH to conclude it was a bubble. If it was not, you would need to see a quick recovery to near the same price, and both of those components have failed. There has neither been a recovery (let alone a quick one) nor has it risen to about the same price.

I agree with what you say, that the decline in bitcoin from $ 20k to $ 6k, makes people think that bitcoin is like a bubble. but when the price is too long in stability, I myself am confused to say that bitcoin is like a bubble or not. every thing that fluctuates I say like a bubble. but I don't think that bitcoin is the biggest bubble of all time. because in my opinion bitcoin still has stability for a long time.

Today many disappointed in Bitcoin people call it a bubble. I can understand these guys - they lost a lot and they blame BTC for their losses. In reality, they are wrong. This is the best crypto.
Right! Trust me mate all those people are surely going to repent because the way they call it bubble it shows their level of trust for crypto currency specially the bitcoin. It is reality that bitcoin changes the price but it falls only to give us opportunity so we can buy at lowest price and hold to sell later on high price. So for me bitcoin is the real happiness of my life it’s not bubble at all.
regret will be felt at the end, at this time it seems as if many people are berating bitcoin, because they are right for a while, but until later bitcoin rises high, of course they will be disappointed why not buy when prices are still as low as now, and certainly will regret it too having missed an opportunity
hero member
Activity: 2912
Merit: 613
Please don't overestimate the current market of cryptocurrencies. In fact, the cryptocurrency market is still very small, which is far from the bubble. The biggest bubble in human history is real estate. This is the generation of people's control of the next generation, this development model will soon end, if not the government to control the economic real estate market has long collapsed.
This is small because we are dealing with the entire world potential to adopt, this is not created a group for them to control, this is a technology that is very useful especially in the future if the development will continue. That's big pump last year was brought by new comers, now the market corrected and we will surely witness a more organic growth. Slowly but surely, that's what I expect in the months or years to come.
member
Activity: 434
Merit: 10
Please don't overestimate the current market of cryptocurrencies. In fact, the cryptocurrency market is still very small, which is far from the bubble. The biggest bubble in human history is real estate. This is the generation of people's control of the next generation, this development model will soon end, if not the government to control the economic real estate market has long collapsed.
newbie
Activity: 29
Merit: 0
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
A simple logic indeed, we need to see bitcoin to completely disappear so that bubble thing will proven, as long as bitcoin still exist and there's still people who's willing to buy and trade from this industry the journey to success being an alternative currency still exist and bubble claimed can't be proven around,
invest taking your own assessment and make your own analysis so things will be just fine in your future goals.
I also some time think that why people say bubble only to Bitcoin while all of the assets do fluctuations in price and sometimes these grow bigger in value. That is with Bitcoin. It is also an asset like others and the fall and rise in price also occur in here.
hero member
Activity: 1078
Merit: 501
It is not all a bubble, with the price of bitcoin fluctuating the people lacking the true knowledge about bitcoin term it as a bubble. If this is a bubble then the destruction of bitcoin as well other digital currencies would have begun long ago, but now the growth continues. This clears the confusion whether it is a bubble or not.

I'd say that a drop from $20,000 to $6,000 over the course of 6 months is evidence enough it was a bubble. Perhaps it didn't "pop" so much as deflate, but it was a bubble nonetheless. Bitcoin has been bouncing around for a long enough period of time and at a price significantly under the ATH to conclude it was a bubble. If it was not, you would need to see a quick recovery to near the same price, and both of those components have failed. There has neither been a recovery (let alone a quick one) nor has it risen to about the same price.

I agree with what you say, that the decline in bitcoin from $ 20k to $ 6k, makes people think that bitcoin is like a bubble. but when the price is too long in stability, I myself am confused to say that bitcoin is like a bubble or not. every thing that fluctuates I say like a bubble. but I don't think that bitcoin is the biggest bubble of all time. because in my opinion bitcoin still has stability for a long time.

Today many disappointed in Bitcoin people call it a bubble. I can understand these guys - they lost a lot and they blame BTC for their losses. In reality, they are wrong. This is the best crypto.
Right! Trust me mate all those people are surely going to repent because the way they call it bubble it shows their level of trust for crypto currency specially the bitcoin. It is reality that bitcoin changes the price but it falls only to give us opportunity so we can buy at lowest price and hold to sell later on high price. So for me bitcoin is the real happiness of my life it’s not bubble at all.
member
Activity: 353
Merit: 12
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?

Yes, because any other crypto currency value is too far from Bitcoin let say they are even fastest moving down the price but because of too much higher of price of Bitcoin than others, Bitcoin is still the biggest bubble of all time.
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