Post
Topic
Board Speculation
Re: Is Bitcoin a bubble?
by
ruthbabe
on 18/08/2018, 17:53:33 UTC
I believe the bitcoin is really the bubble and the bitcoin bubble is breaking, you can see that the bitcoin price has been dropping sharply over the past few years and from $ 20,000 bitcoin has dropped to $ 6,000 at the present time. The bitcoin price has dropped by more than 70% of its value. So, I think you should not continue to invest in bitcoin.

Not correct. Even if Bitcoin reached $20,000 in 2017, and dropped to $6,375.76 (at the time of writing) it can't be said that Bitcoin is in a bubble. In the year 2000, a tech bubble grew to about $1.7 trillion before it burst. Bitcoin in comparison has a total market cap of $109 billion, I think it's relatively small for Bitcoin to be in a bubble.