3 ms·

100% not a bubble, your money is safe here everyone /s

• bdcravens 6y ago
  As I said in another comment, if you know Bitcoin, you know it's a bubble. The pattern is predictable. Bubble, pop, 3-4 years later, do it again.
  • lazzlazzlazz 6y ago
    Is it a bubble when the next floor is consistently, significantly higher than the previous floor? Where the smoothed growth rate is still north of 150% per year?
    • bdcravens 6y ago
      I would say yes, based on the conventional definition of a bubble. "A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value, or a contraction..." https://www.investopedia.com/terms/b/bubble.asp https://www.investopedia.com/terms/b/bubble.asp
    • AnimalMuppet 6y ago
      Yes? In many places, housing prices are higher than they were in 2008. 2008 was still a bubble, though.
    • zzbzq 6y ago
      yep