Does the bubble is really a bubble when everybody claims so? DISCUSS!
I've been thinking. It's a no new thing that when bitcoin goes up than mainstream media calls it a bubble. But this time is different because most people who I know in crpto world are also calling it a bubble! We are talking about it a lot, we even resurrected our #morningmarketcall thing which is basically a Discord meeting where we discuss all market news, trend, ICO. Brainstorming to gather all our knowledge in one place and let everyone's benefit from it.
It's interesting to see how these things will revolve, will we be crying soon or counting more money?
If everybody calls it a bubble than do you think it really is?
The Dutch Tulip Bubble
The amount the market declined from peak to bottom: This number is difficult to calculate, but, we can tell you that at the peak of the market, a person could trade a single tulip for an entire estate, and, at the bottom, one tulip was the price of a common onion.
Duration: 3 months
Japanese debt bubble
Some have estimated that when Tokyo real estate hit a peak of $1 million per square meter, the Imperial Palace in Tokyo became worth more than all of the real estate
Duration: 3 months
Not a bubble. Price is reflecting demand right now. The general public isn't even aware of crypto's yet. This is just the crypto crowd money, wait until your neighbor starts buying crypto.
I can't argue with your logic.
Bitcoins rise has always been through a series of bubbles. Though when they pop they never seem to back down quite as far as where they started the latest bubble cycle from.