yeah, just like that but i dont think this bitcoin is a bubble and im sure not going to pop too. i mean every day new people come to cryptocurrency world and start learning about it so new comer new investor and the bitcoin price keep on growing

I just want to start a discussion on the current bitcoin value.

bitcoin has been existing for quite a long time now. a few months ago nearly no one (in germany for example) knew about bitcoin, it was a minority who did and who did big earning during the course increase since the very first beginnings. while bitcoin hit 2k in may june of this year the media startet heavily to jump on that train, for example facebook was flooded by bitcoin news. most of them very euphoric. from friends and what i've hear all around a lot of people who don't know anything about cryptocurrency started to invest and they did decent earnings due to the further price increase of bitcoin.


but - will this lead to an bubble? all those people investing and knowing nothing about crypto? don't know how to pay? how to deal with forks - or what forks even are?

will this together with the high transaction costs - and therefore no usability of bitcoin as a daily payment currency lead to an heavy decrease in value?

and will the altcoins decrease as well as they are highly correlated to the bitcoin value? what is your opinion?

Yes, it is. But it's good for us, so let's hype it too

You could say Bitcoin is hyped, in order to increase the price. But this huge price rise is not only because it was hyped. Bitcoin has an enormous potential and the fact that it's a decentralized currency, which made it so popular, have made this high price possible. Also because the financial institutes saw a new product to make big profits with.

Your opinion about this? www.bloomberg.com/amp/news/articles/2017-12-05/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchange

A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles.

Stock market crashes are social phenomena where external economic events combine with crowd behavior and psychology in a positive feedback loop where selling by some market participants drives more market participants to sell. Generally speaking, crashes usually occur under the following conditions:[1] a prolonged period of rising stock prices and excessive economic optimism, a market where P/E ratios exceed long-term averages, and extensive use of margin debt and leverage by market participants. Other aspects such as wars, large-corporation hacks, changes in federal laws and regulations, and natural disasters of highly economically productive areas may also influence a significant decline in the NYSE value of a wide range of stocks. All such stock drops may result in the rise of stock prices for corporations competing against the affected corporations.

There is no numerically specific definition of a stock market crash but the term commonly applies to steep double-digit percentage losses in a stock market index over a period of several days. Crashes are often distinguished from bear markets by panic selling and abrupt, dramatic price declines. Bear markets are periods of declining stock market prices that are measured in months or years. Crashes are often associated with bear markets, however, they do not necessarily go hand in hand. The crash of 1987, for example, did not lead to a bear market. Likewise, the Japanese bear market of the 1990s occurred over several years without any notable crashes.

I would argue that the cost of bitcoin is understated. In our "information time", everything moves and changes very quickly. We must understand that the blurring of borders between countries occurs not only in the information space, but also in the financial field. The bitcoin market is only the beginning .