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?
I think at the moment I can assure you that itcoin is the bubble and it is starting to break when it touches $ 19800 and the end of 2017. After touching the $ 19800 level, the bitcoin price is immediately plummeted by more than 70% in value and below $ 6,000. So I think you should trade short term bitcoin at this point, should not long-term investment risk will be very high.Thoughts?