The Bitcoin Bubble? Why Optimistic Investors May Have Been Right.

Updated on June 25, 2019
Guckenberger profile image

Alex has been an investor for years now. He has investments in the stock market, cryptocurrencies, bonds, and the United States Treasury.


The Bitcoin Wave

Since the beginning of May, bitcoin has increased in value by approximately six thousand United States (US) dollars. When I began talking about my investments in the crypto market, I regularly heard people talking about how bitcoin was a bubble. Everyone thought that bitcoin would pop eventually. However, we could ask ourselves a question that I have been asking for a long time now. What if bitcoin, instead of being a bubble, is a collection of waves? Now that we have had time to watch bitcoin and other crypocurrencies, we who have taken the wave hypothesis currently are in the possession of evidence for our posit. Bitcoin did go down from almost $20,000 United States States dollars (USD) to almost $3,000 USD. But, it has gone back up from almost $3,000 to over $11,000 per coin. As of the time that I am writing this, bitcoin's value is $11,352.90 per coin! If I could see the looks on the faces of ever dissenter now!

On the Rise

If bitcoin ever does reach $20,000 per coin, and the possibility seems increasingly likely at some point in time, then from the time of my writing this until then, bitcoin would have increased by 1.76166442054. If someone invested $10 now, then in our hypothetical future of $20,000 per coin, that investment could be worth about $17.62. That's very speculative, but not apparently impossible. Please remember bitcoin's jumps in the past. The increases were much more insanely large than this, and these said increases made some people very rich. Could this ever happen again? Who knows, but I am not keeping my hands away from such potential. I'm not investing more than I can afford, and therefore my losses cannot possibly hurt me (beyond mild disappointment). Playing safe is still playing after all; the fun isn't necessarily diminished.

The Bitcoin Fear

Perhaps the bubblers are still right; that perhaps bitcoin will still fail. I doubt this - as bitcoin remains the top dog in the world of crypto. However, I accept their posits as a possibility. I always have accepted their views as having at least some validity. I have also accepted that fear is an evil sin. Therefore, I won't be rushing to sell my coins anytime soon. The stock markets do tend to work like waves in many instances. Just look at the Ford Motor Company's shares; up and down, up and down, and up and down. Remember when their shares were over $10? Remember when they were about $8? If a company seems to be stable, then why not wait to sell one's shares for more than the initial investment? Does anyone really believe that bitcoin is going anywhere? And, maybe bitcoin honestly is going to die soon; how many people invest foolishly in more than they can afford to lose? Fear mongering to get individuals away fro bitcoin doesn't fly well by me; I make decisions based on logic and reason, not on fear of loss.

My Final Thoughts

Don't go and do anything crazy. I first invested in bitcoin when its' value was only around $7,000 per coin. This may not be the best time to invest, especially if one hasn't already. However, the optimism that has often surrounded crypto may be justified, if only in this one example. The first cryptocurrency may also be the strongest, at the least for now. And, if bitcoin hits more than $14,000 again, then I will have potentially doubled my investment (if I did sell out at that value). Moreover, we simply cannot say if the coin will ever reach $20,000 per coin. That is unknown, yet not impossible, terrain. I would recommend that we keep an eye on things. There is a multitude of unknowns, and being observant and paying more attention could help us to better understand the future. The past and the present need to be understood for the average person to better understand the future. We live in a universe of patterns. Still, these patterns can be much more complex than at first glance. Knowing this, we should never rush to possibly false conclusions. But, through wisdom and knowing, we can make better choices. This is true for everything we do in life, especially as regards our own futures. The bubblers can have their fears; we should seek after wisdom.

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.

Questions & Answers

    © 2019 Alexander James Guckenberger


      0 of 8192 characters used
      Post Comment
      • Guckenberger profile imageAUTHOR

        Alexander James Guckenberger 

        9 months ago from Maryland, United States of America

        Pamela Oglesby,

        I don't like taking risks either. I am heavily against gambling. However, I believe that if all bills can be paid, and if some extra money can be put to the side - and, if there's still a little bit extra - then, investing that little bit extra somewhere may be an excellent idea. Whatever you plan to do my friend; just be careful. Additionally, for beginner investors I would be more likely to recommend high-paying dividend stocks (of which Bitcoin is not).

      • Pamela99 profile image

        Pamela Oglesby 

        9 months ago from Sunny Florida

        I found this article to be very interesting as I really did not know much about investing in Bitcoin. I tend to not want to take too many risks as my age, but I really like to learn more about investing in new markets.

      • Guckenberger profile imageAUTHOR

        Alexander James Guckenberger 

        9 months ago from Maryland, United States of America

        Jo Miller,

        It is very early. I do not expect the same things as Bitcoin, but since it is being made by Facebook - I am more optimistic about it than the average digital coin. I am glad that you brought it up. :)

      • jo miller profile image

        Jo Miller 

        9 months ago from Tennessee

        What do you think of facebook's new proposed foray into this field with the libra?


      This website uses cookies

      As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

      For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

      Show Details
      HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
      LoginThis is necessary to sign in to the HubPages Service.
      Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
      AkismetThis is used to detect comment spam. (Privacy Policy)
      HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
      HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
      Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
      CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
      Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
      Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
      Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
      Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
      Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
      Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
      VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
      PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
      Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
      MavenThis supports the Maven widget and search functionality. (Privacy Policy)
      Google AdSenseThis is an ad network. (Privacy Policy)
      Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
      Index ExchangeThis is an ad network. (Privacy Policy)
      SovrnThis is an ad network. (Privacy Policy)
      Facebook AdsThis is an ad network. (Privacy Policy)
      Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
      AppNexusThis is an ad network. (Privacy Policy)
      OpenxThis is an ad network. (Privacy Policy)
      Rubicon ProjectThis is an ad network. (Privacy Policy)
      TripleLiftThis is an ad network. (Privacy Policy)
      Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
      Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
      Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
      Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
      ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
      Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
      ClickscoThis is a data management platform studying reader behavior (Privacy Policy)