We may see a few dips here and there, but investors have really fully trusted on it that every time the price falls, a lot of new faces join and enter the hype train. So I can't really see that bitcoin can fall three folds. We are currently laying foundation for what will happen in future and since the foundation is strong we expect that bitcoin will be number one currency
So I guess we can all call it a bubble then. But a bubble that is going to be cyclical. It will be burst, but then again bounce back and bubbled again and the way bitcoin bubble repeats itself. But if I understand it correctly, a bubble (tulip and dotcom) was not able to recover that time, it died. However, crypto is different that's why I don't consider it one giant bubble as some Wall Street or Bankers would portray it.
it was a bubble when it was 20 thousand $ ,but now it's increasing price is real and belief to btc is more than two months ago
It was a bubble when bitcoin reached that price but many make the mistake of thinking that all of the growth was a bubble and that is simply not true that is why bitcoin right now is still trading above 10k which means that while some of the growth was in fact caused by a bubble created by new users investing in bitcoin there was a also a lot of real growth in the previous year.
New users come and go. Specially those erratic buyers during the hype on December. Sadly they got burned in Ja-Feb crashed. But they will be replaced soon by new investors or they will returned with a new set of mindset.