Quote from: marcbitcoins on August 21, 2018, 10:08:57 PM

Quote from: Nicoleaustin86 on August 14, 2018, 07:49:09 AM

Many people think that Bitcoin is like a bubble, so its price goes up rapidly to its peak and will plummet.
I do not think so. Bitcoin was born in 2008 but until 2013 new Bitcoins prices have increased to a few dollars per BTC and up to 2.3 years recently new BTC prices increased several hundred dollars a BTC. This route is too long to see the BTC as a "bubble" with its advantages.
Bitcoins are currencies as well as euros or dollars. They are only valid when dealing, buying goods through technology. If people do not accept do not want to use for trading, it does not have any value. What do you think if one day people do not want to use euro or dollar but want to use Bitcoin to buy goods? Bitcoin will rise in price, but will the euro or dollar fall?

I agree with you that every bubble should burst easily that if Bitcoin is a bubble then 1 year is long enough to make that burst to happen but Bitcoin still exist and its become more popular everyday, in fact more nations now are using it as currency like Germany and Japan so i think Bitcoin will burst is a myth.

Bitcoin is really not a bubble, just because the recent drops people easily says that its a bubble not knowing the previous trend of this bitcoin. This market drop for many times in the past years and yet we see a great bounce back of bitcoin. Now we are dump again but later on you will see a big spike on the price again.