Does >90k bitcoin cause anybody to rethink?

I am not trolling here. This is a serious question. Bitcoin is Currently trading at $92,000. This is after going down over 80% now five times. A.k.a. this is a bubble that burst five times yet still has compounded at about 80% a year for the last 15 years. This is objectively unlike any other bubble we have ever seen, maybe bc it’s not a bubble.

And honest question: does the price change anybody’s mind or at least cause doubters to go back and rethink their prior assumptions? When the facts chang, you were supposed to change your mind after all.

 

if it is not a bubble, it wouldn’t compound 85% in 15 years. last time down to 15k was just 2 years ago. i wouldn’t touch it.

 

i am saying it has compounded at 80% for the last 15 years. That is a fact. That happened.

 

for any pump&dump scheme it has to pump first.

 

hence the definition of bubble, imho

 

Enron also compounded 185% p.a for the last 10 yrs
But it doesn't mean I won't buy the next 70% dip

 

yes, that is my point. It has pumped hundreds of precents many times and has also burst and went down over 80% five times. Yet unlike every bubble in history, it has come back every time. Why do you think that is? Is this just the luckiest bubble to ever exist?

 

What? It doesn’t even exist anymore.

I think you’re being smart and saying that bitcoin is like Enron, but enron was a legit fraud. Once it went down, it never came back up, which is again unlike bitcoin.

 

I don’t think anybody’s definition of a bubble is just that something went up a lot. Sometimes things go up a lot for a good reason.

 

Yes, (solana) shitcoins also recover to new ATH from their 95% dips.
Fck Enron.