Is Bitcoin just a bubble?

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dave1337Full Member
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#1Jun 30, 2020, 11:45 AM
So, I've been thinking a lot about whether Bitcoin is really a bubble or not. I mean, with all this hype and volatility, it kinda feels like it sometimes. But then again, there's a lot of data and analysis out there that suggests otherwise. I came across this site that dives deep into the whole bubble debate and it got me curious. There's also a video that breaks down the arguments, which is pretty interesting to watch. What do you guys think? Is Bitcoin something that will stand the test of time, or are we just riding a wave that's gonna crash?
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miner2011Senior Member
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#2Jun 30, 2020, 05:03 PM
The comparison between Bitcoin and a bubble is extremely far-fetched why do I say that? Because Bitcoin has existed since 2009, and now it’s already 2025 that’s 16 years. Over that long span of time, Bitcoin has already gone through more than a decade, and yet you still think it’s a bubble? We all know that bubbles, once they expand, rise gradually, but once they burst, they crash hard completely, with no recovery, no matter how high they rose before. They totally collapse to the floor. Now, the question is: during all the years Bitcoin has existed until now, has its price ever crashed straight down to zero? If your answer is no, then obviously, Bitcoin is not a bubble because as time goes by, its price continues to rise even higher.
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lynx_rocketSenior Member
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#3Jun 30, 2020, 08:41 PM
If Bitcoin is a bubble well congrats, because it is a bubble that's never going to get popped, Trump even said that the traditional financial system is broken and crypto will fix it.. What a time to be alive. The utility that Bitcoin offers make Bitcoin stands out, I advice you should create time to do your own research on Bitcoin, as there are too many newbies believing in everything that they find on the Internet this days. To avoid getting misleaded it is better to start from Bitcoin official website itself, there is no bubbles around this, the only thing that looks or can look like a disadvantage to Bitcoin is volatility and for someone who is smart, this so called disadvantage comes with better opportunities.
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whale365Senior Member
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#4Jun 30, 2020, 10:37 PM
Yes, it's a bubble no doubt about it (insert sarcasm here).  2017 - it went as high as $19k, bubble burst 2021 - it went as high as $63k, bubble burst 2025 - it went as high as $123k? bubble burst? Oh wait, yeah it bubble but then every other 4 years it came alive to make another big bubble and so life goes on and it could still give us the biggest bubble of them all if it hits $1 million in the future.
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nonce_sigmaFull Member
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#5Jul 1, 2020, 02:46 AM
Bubbles burst & don’t reinflate. Bitcoin has been going up with occasional deep dips since 2009. So no, Bitcoin is not a bubble. We are in a bull run & there will be a time soon, in the next 6 months where a bear market will begin but that doesn’t mean Bitcoin is a bubble because it will return to new all time highs.
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Gig4L0rdSenior Member
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#6Jul 1, 2020, 07:23 AM
It's good that the article ended with the remarks Another way to bust if Bitcoin is a bubble is to direct people to Bitcoin Obituaries So far, Bitcoin has died 477 times, and it is still alive.
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ColdAlphaSenior Member
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#7Jul 1, 2020, 11:03 AM
Bitcoin made 2025  $125k yesterday. https://www.investopedia.com/bitcoin-touches-record-price-above-usd125-000-11824332
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davechadMember
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#8Jul 2, 2020, 06:23 AM
Although I cannot firmly say that Bitcoin would continue to perform this good in a very long time but I still see reasons in bitcoins historical developmental progresses not to refer to it as a bubble. It has had it's hay days as well as it's nay days and recovered properly for yet a better performance. Bitcoin is volatile yes, but it's volatility is part of it's nature and it's recovering and breaking new ATHs during the bull run should tell you that it's not to be related to a bubble.
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