this post was submitted on 09 Sep 2025
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Crypto bubble? BTC is near its all time high that was last month... People tend to really over exaggerate how hard the prominent crypto currencies crash.
Edit: People seem to not understand that crypto is short hand for crypto currency, not all of everything ever made with blockchain. Swap crypto with NFTs and the meme makes sense.
Dot com bubble? I was on a website last month!
I’m not sure you are making the argument you think you are making.
Where was the bubble for btc?
Crypto bubble, not bitcoin bubble, don’t move the goalposts.
Did you miss out on the fad of putting block chain and nfts in everything and calling it Web 3.0? (A move that also completely missed why it was called Web 2.0 in the first place.)
When we bought our house in ‘19 we were told that in the future there would just be a block chain for the house and we wouldn’t have to sign any actual papers…
Okay, where was the crypto bubble, then? The total market capitalization for cryptocurrencies in aggregate had a significant bump in the 2021-2022 timeframe, but it's since recovered from and far exceeded that so if that was the bubble it didn't cause any permanent harm. BTC largely follows the overall cryptocurrency market.
As OP said, the crash of cryptocurrency has been exaggerated.
They seem to be conflating crypto currencies with the blockchain technology that enables crypto currencies. If the original meme uses NFTs, it would be accurate.
Replace crypto with nft and I would agree there was a bubble. But crypto is not nfts. Crypto is short for crypto currency, such as btc and eth. I'm not moving the goalposts, you did by lumping in all of blockchain. You seem to agree that I was right.
Bubbles are about capitol investment not a single product. The crypto bubble, like the dot com bubble, are so named because hype inflated the value and when they popped investors (in capitol not crypto currency) lost a lot of money and people lost jobs not because the product went away.
In technologies around crypto, not in crypto. Crypto exchanges like Coinbase that maintained some ethical standards did just fine.
I think the NFT bubble is more apt.
Ah, in that case I'm on board. That was obviously a bubble.
BTC is still only being used by people who want to get rich from it. It is an investment, not a currency.
And therefore it will never be anything more.
I have no argument with that. That's definitely how btc is used.
I traded crypto to pay for my AI machine.
I feel like I’m stacking bubbles.
As long as you jump out before the burst, you're doing great.
Crypto was sold as a world changing technology. It hasn’t delivered.
I don't think this is true, but a lot of this impression is probably because much of the growth in actual use of cryptocurrency for everyday finance is happening outside of places like the US or Europe:
There is also the way stablecoins are now a growing top 20 holder of US debt, and major financial institutions moving to have infrastructure on crypto networks. Change is happening even if it isn't immediate or directly visible to everyone.
I again think you mean blockchain.
“Crypto” is a standard (to the general public) shorthand for “cryptocurrency”. And not every cryptocurrency uses blocks so “blockchain” is not technically accurate.
Thanks for proving my point.
Shh, people don't like to hear that cryptocurrencies are still around and doing just fine.
Every "crash" is usually still higher than the previous high. That is if you ignore all the shit coins out there.