You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Bitcoin are we in the huge bubble?
- Thread starter Michael J. Fletcher
- Start date
I own whopping 5 coins which is a rounding error in my life and riding it out is a smart move. It's a cheap option (worst case I lose a few grand) and a smart trader always buys cheap options.I bet 90% of who ever owns this is gonna ride this all the way up and all the way down
"Bitcoin are we in the huge bubble?"
In order to answer the question posed in the thread's title, we first need to agree upon a definition of a "huge bubble".
If we define a "bubble bursting" as a 50% or more decline from peak, then Bitcoin has already seen its "bubble" burst multiple times in its history. For example in July 2011 it peaked at $31 before crashing to $2 later in 2011.
https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history
Since then the price has appreciated over 500-fold.
.
It definitely looks so, 99% who're buying just want to speculate.
In order to answer the question posed in the thread's title, we first need to agree upon a definition of a "huge bubble".
If we define a "bubble bursting" as a 50% or more decline from peak, then Bitcoin has already seen its "bubble" burst multiple times in its history. For example in July 2011 it peaked at $31 before crashing to $2 later in 2011.
https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history
Since then the price has appreciated over 500-fold.
.
And then reverses again to ... yet another new all time high.Another record to $2500+
Going to be interesting to see what happens when this rally reverses and it starts to drop....
Why? Shiny metal found in a hole in the ground that is then .. put back in a hole in the ground for safe keeping. How smart is that?I don't trade bitcoin because I don't understand it, but bitcoin being worth more then gold just some sounds retarted to me.
btw it is retarded.