Re: Is Bitcoin a Bubble?

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

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In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

Bitcoin is not a bubble, bitcoin is a reliable coin and earns trust as the best coin. In the crypto market there will always be demand for bitcoin and it will make bitcoin last long-term.

Yes it is true bitcoin is not a bubble infect bitcoin is the most promising currency it gives us saving and a lot of profit as well, so we should trust our saving from bitcoin, foe me bitcoin is the best source of spending a good life, it helps a lot of people to earn good money even when they are already working as bitcoin can be taken as the treasure of profit, calling it a bubble is not worth trusting statement according to me because it is my future builder.

Those who say that bitcoin is a bubble are living in the heaven of fools. If it is a bubble in the view what are they doing here? They should a merchandise shop for themselves. Bitcoin is not for them. Investment in bitcoin needs patience and courage to bear the loss if the price drops. Those who say this nonsense cannot bear the loss and wants only profit.