Another Bubble? The world has been asking itself this question since the beginning of Bitcoin existence.
2011:
"Don't know much about economics and I can't make any educated predictions about the (complicated) future of Bitcoin, but it looks like it's increased in value by 600% in the past month and a half, which screams "bubble" to me.
posted by lostburner at 3:54 PM on May 18, 2011"
"Looking at the mt. gox exchange I see that bitcoins are spiking in value. This looks like a classic bubble.
posted by humanfont at 8:53 PM on June 3, 2011"
"It appears the Bitcoin bubble has burst. It's currently trading at under 14 Bitcoins to the dollar, down from over 30 in one day.
posted by gc at 7:39 PM on June 11, 2011"
Doesn't all of the above sound familiar in 2021, guys and gals?
Yep it is the same story we read everytime it goes up. This time it went up very quickly so we will see a normal correction.
We won't see it burst like a bubble. At least, that is what I hope.