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?
Thoughts?
I believe it's not. We all know that crypto is volatile but that doesn't mean that we'll just end up with nothing. It is important that we'll know how to handle the changes here. Crypto isn't a bubble but rather volatile and it has proven us a lot so we should not doubt about it.