I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?
Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?
Bubble is created when commodity is overvalued than its actual value. But how could you limit the sky of so-called Bitcoin? You are not the first to ask about bubble phase, this discussion has been here on forum from long when it was $500 or $1k or $2k but see where we are today. What happened to those claiming Bitcoin prices to be bubble in past!
There is still much to go for Bitcoin, whole of its rally depends upon public adoption which is still very-very low. As it will grow its feathers, price will boom and boom.
There is hardly any bubble at the moment.