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 do not think bitcoin is a bubble. Bitcoin does have an unstable value, bitcoin can increase and then bitcoin can fall in price, but bitcoin can still recover.
Bitcoin shows its high volatility but it is fancy comparing BTC with a bubble. This is the first digital money that gave birth to the other cryptocurrencies. I am sure that BTC will get out of the pit and grow fast.