Quote from: DrBeer on Today at 11:56:34 AM

Quote from: SamTheRecordMan on Today at 09:13:58 AM

Quote from: hatshepsut93 on December 19, 2020, 10:41:36 PM

Of course it's in a bubble, it's naive to think that we won't have a massive crash because "this time is different - we have institutional investors". But this doesn't mean that it's bad to invest in it, you can try to do some short-term trading and exit long before the crash, you can try to buy dips and sell them quickly, and dips will happen because there's always corrections in the bull market. Bitcoin is a risky investment, but the risk is justified, so the only thing investors should worry about it so not overexpose themself to it.

This. Bitcoin has crashed many times before and risen again but that hasn't stopped it from moving forward. Though I doubt it could crash to under 15-20K under current market conditions or under 10K in bad market conditions. What is more concerning is the possibility for price manipulation if large players sold all at once.

Bitcoin is a new asset class. You can't even buy it at the bank yet. There is plenty of room to grow.

We must not forget one simple truth - bitcoin, like the entire crypto market, today there is a purely speculative market, moreover, in fact, it is not provided with anything other than speculative demand. And in the first half of 2021 (+/-), the situation in 2018 with the market fall will repeat itself. Those who manipulated and cheated the market will receive income at the level of the financial ability of "home investors" to purchase the rising bitcoin, after which the flow of finance will end. Then there will be another phase of depression, the accumulation of fiat funds, and a new bubble. And this will continue until the crypto market becomes part of the real market, with a real, not inflated, cost

Good analysis. Every time bitcoin rises and then crashes it loses a little bit of faith. After the crash of 1929 people didn't want to invest in the stock market for decades.

In the early years bitcoin bubbles affected only a small number of people but as time went on those bubbles started to affect larger and larger numbers of people.