Post
Topic
Board Speculation
Re: Is Bitcoin a bubble?
by
el kaka22
on 17/08/2018, 12:37:08 UTC
Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
Please stop calling it a bubble, bubble needs to burst and worth really low, bitcoin has never been this high aside from month of December. There was an insane raise in price in December to $20k but if you remove December from the equation the price has never been this good in history so we are actually doing very well.

Just because there was a great 1 week period doesn't change a 10 year history of bitcoin. I think in order for bitcoin to be bubble we would need a lot more investors and we need the bubble to last more than just a week, if $20k or so lasted like months or even years and it was incredibly overpriced for long time than just one day crashed and stayed there, than we could call bubble, just one week of $20k and back to amazing prices doesn't make it bubble.