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 Huh

Just like the HOUSING BUBBLE popped, and never reappeared Huh

You are just wrong in your statement " never reaches popularity again "....

Now here is the scary part Shocked

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.

when peer to peer file sharing was out people was thinking its also bubble, but its different and while social networks died and burn and other types of tech was go away and new come in, nothing is close but nothing to the power of peer to peer, and this is why peer to peer file sharing is still live and only grow. staoshi nakamoto was bring peer to peer money and bitcoinqubit is right its underground team not one person.