Hmm, really makes you think.
Any arguments to refute this?
Hmm, really makes you think
Gabriel Davis
Other urls found in this thread:
en.wikipedia.org
bitinfocharts.com
twitter.com
Jordan Rogers
any arguments in favor of this beyond haphazardly lying two charts on top of another and drawing conclusions?
Carson Bailey
This is pathetic. Constant threads and articles about bitcoin bubbles.
It honestly just seems like people are just mad and petty they didn't get in on the bitcoin hype. It's still not too late for you nigga.
Cameron Torres
$100k by 2025
Alexander Cooper
The graph i linear, it starts out with bitcoinbeing half the value of silver.
Optically its similar, in reality its not.
Cooper Morgan
Bitcoin has all the signs of a bubble. Are you telling me that you are not worried?
Gabriel Sullivan
The bitcoin bubble argument would be null and void if the coin wasn't a pile of shit. Until it stops being a pile of shit. Its a fucking bubble.
Adrian Sanchez
The graphs don't really match. If you were honest, you'd rebase them at the beginning and you'd see that BTC has gone much higher than silver back then.
It still is a bubble and the overall curve will be similar, but you cannot predict the peak. IMO, BTC has still a leg up before going down.
Juan Green
1) Bitcoin CAN NOT be in a bubble. A bubble is defined by more than just a rapid increase in price. A bubble occurs when and asset price rises very quickly such that it's MARKET VALUE greatly exceeds it's INTRINSIC VALUE. Stocks can be in a bubble because it's intrinsic value is derived from the NPV of the dividend cashflow (income model) or using expected earnings growth (growth model.) Housing can be in a bubble because the intrinsic value of a house is the NPV of its rental income or imputed rent if it is owner occupied. A commodity can be in a bubble because it's intrinsic value is derived from it's industrial use. But BITCOIN IS MONEY!! The intrinsic value of money equals its market value. And bitcoin is priced in FIAT, whose market value also equals it's intrinsic value. It is not a cashflow asset like stocks, bonds, real estate, commodities, so it cannot be in a bubble. This does not mean the USD price of bitcoin won't pump and crash in USD terms as it has done its entire existence. But it is not a bubble and any comparison to stocks/bonds/real estate/commodities is apples to oranges.
Juan Torres
The thing is, OP, nobody really knows when will be the “Jan 1980” of Bitcoin. It could reach 100,000 USD before that happens for all I know. And you would have missed the chance of making 1,000%profit