On: Bitcoin price hits $40k less than three weeks afte...

[swarnie_]

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

[bdcravens → swarnie_]

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 → bdcravens]

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 → lazzlazzlazz]

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

[AnimalMuppet → lazzlazzlazz]

Yes? In many places, housing prices are higher than they were in 2008. 2008 was still a bubble, though.

[zzbzq → lazzlazzlazz]

yep