Recently almost everyone I talk to says they want to "Get into Bitcoin" but when I start asking them some fundamental questions such as what will you spend it on? What will you use it for?  They draw a blank. I don't like to say "Tulip Mania" but there is so much money pouring into Bitcoin that it is inevitable that a price crash is right around the corner. For investors it's a great opportunity to buy, for speculators, usually trading on margin they could get wiped out. If you use BTC simply as a vehicle to transfer value you will be somewhat safe.

If you look at Bitcoin's price charts you will see that historically it has risen dramatically in a short period of time only to crash hard and wipe out short term gains. The only way to trade BTC as an investment is long term. In the short term a lot of naive investors will lose a lot of money trading crypto hoping to get rich quick.

In my opinion the price of Bitcoin is about to crash and here are my couple of my reasons why: 1. Historically BTC's price has spiked and crashed only to recover after massive panic selling (classic market manipulation). 2. Too much new money entering the market that does not understand what they are investing in (Does anyone really?). 3. New futures markets day trading BTC are looking for quick profits and are playing a zero-sum game in which someone always loses. 4. BTC is not that liquid, unlike gold cash etc. that you can slap down on any counter and buy groceries with I have yet to encounter a grocery store where I can pay in BTC.

The neverending question, hehehe I do think it still could be. but think about it. what's the difference from the old bubbles?
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I agree with you, BTC is the gold standard in Crypto and a great investment long term. It was the first and has made many ordinary people with an interest in the web into multi-millionaires. However we are on the verge of a BTC price crash. Savvy investors will buy low at the cheap prices. Naive speculators will lose their asses panic selling.

Bitcoin is a bubble, as we know the bitcoin price is getting higher each day
and it is not impossible that sometime after bitcoin reaches the highest price the bitcoin price will drop. This is influenced by the increasing number of bitcoin miners and the high demand for bitcoin.

Any asset which is over valued than its original value and which could be expected any time to get crashed could be termed as a bubble.I would say that any asset which has only use as an investment and no other use and its price increasing unlimited at a fast phase could be termed as a bubble.But here bitcoin is not only used a s a digital asset but also its being used a s a currency in japan in almost all retail stores.More over,trader buy and sell it to make profits.Also,amazon and other big companies are expected very soon to accept bitcoin payments.By this way,there is always a huge buy wall for bitcoin which would not allow its price to get crashed.So,its not a bubble.

What a silly thread. The Title is asking about a Bubble and the content & Poll is asking about Bitcoin use.

Bubble? - Nope, it is not a bubble, just some speculation and real adoption mixed together.

Bitcoin Use? - Let's be honest, with the price this high, most people use Bitcoin as an investment and a store of value. <People want to be rich and they think Bitcoin is the method to do that.>