Re: BITCOIN IS IN A BUBBLE !!! The true value of Bitcoin is somewhere near ZERO
However, while a bubble usually explodes once catastrophically, and never reaches popularity again, bitcoin is not like that. And Bitcoin never reached anything close to zero, whereas bubbles are usually identified in hindsight (so even if Bitcoin is one, we can't know that yet). And Bitcoin value being zero doesn't make any sense to me.
Just like the STOCK MARKET BUBBLES POPPED, and then never went into bubble territory or gained popularity again
Just like the HOUSING BUBBLE popped, and never reappeared
You are just wrong in your statement " never reaches popularity again "....
Now here is the scary part
Bitcoin is backed by NOTHING, it is not a house, it is not a company that can produce things, it is just a speculative asset, and its only value is that someone else will by it hoping that it is going to go higher. The moment that market psychology changes, bitcoin will go to near zero...Past events can't always be used to predict the future. You get hit by a car when crossing the road and what happens? You never again come near that road because you'll get hit again?
There were bubbles in the past but you can't think that every new technology around you is a bubble because then you will miss out on some real opportunities.