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?
At the present time, I am sure you can believe that bitcoin is definitely a bubble, bitcoin price after peak in late 2017 after reaching $ 19800 then the bitocin price immediately dropped. Bitocin has ruptured, bitcoin has dropped more than 70% of its value and has fallen below $ 6,000. According to my analysis, the market is currently bearish and bitcoin prices may continue to fall deeply in 2018 and possibly to the $ 1000 level.Thoughts?