Absolutely yes, bitcoin is a bubble. All the signs are there including lots of people trying to convince themselves that it's not a bubble.
Bubbles are not necessarily a bad thing. dot-com was a bubble. microcomputers were a bubble. biotech was a bubble. railroads were a bubble. The Chinese economy is a bubble and has a boom and bust every three years.
Bubbles are great things if it encourages people to get into something useful. There is not a single technological breakthough in the last 100 years that has not caused a market bubble.
So yes bitcoin is a bubble. The bubble will pop. People will lose their money. But then the life will go on and bitcoin will change the world.
I'm going to put some of my money into bitcoin. I'm expecting to lose it when the bubble pops. However, this is just tuition for learning about how it works.
Well said!
Are you serious? Bitcoin is not even close to Facebook value, which is basically a chat platfrom. Bitcoin marks a monetary revolution. It has been undervalued for so long. But in the end it is a Internet monetary ecosystem. Youtube for me shows the growth of the Internet quite well, where videos hit more than 2 Billion views already, is this a bubble? The Internet exceeds everything we have seen. So will Bitcoin. It is not a bubble, it is just starting to show (still undervalued) what the global network is capable of.
My vote doesn`t value a lot but I upvote your comment cause I think your perspective so real and I never heard about it. Thanks for sharing.
Forget it, my vte was significative, I just realized that the payout passed out!