Why is not bitcoin a bubble?

Bitcoin is a philosophy of life. It is not a monetary, commercial, economic and much less accountable problem.

Many people are concerned about tax collectors, the liquidation of personal property and the way in which the government will make their lives bitter. They say, what happens if I buy bitcoin, say to 10,000 each and in a year it's worth 100,000? How do I show the government that profit?

This is ridiculous. Why to do this reasoning with the bitcoin and not with any other tangible good, even with papers painted by Central Banks?

This happens due to the ignorance still reigning around of what an anarchic peer-to-peer payment system means.

People are reluctant to believe that soon there will be no more Central Banks, Commercial Banks, intermediaries of any kind, or tax collectors, or anything that gets in the way of a payment transaction. The change in the paradigm is so great, that people defend themselves by reasoning that the bitcoin "bubble" is going to explode and that "someone" is going to run away with all the money. And the officials of the system, seeing that their business inevitably escapes from their hands and that they can do nothing, scatter away ideas of fraud, bubbles, regulation and repetition of history.

In this case, the repetition of history is not applicable.

I am tired of hearing in recent days the example of the tulips of Holland and the outbreak of the dot.com bubble. Simply, those cases are not applicable to the value of bitcoin, because of the nature of bitcoin.

Bitcoin has a cap. So no inflation can occur. Bitcoin is a currency, a value reserve code. The dot.com were companies. People bought "shares" in the IPOs of that time. People now buy bitcoins, not shares. Companies with bad managers and bad business models disappeared. Companies with good managers and good business models, not only survived the bubble, but also grew dramatically to reach the current sizes, do you sound familiar with Google, Facebook, Amazon?

Then, what you have to care of, is about the bad-managers-bad-models ICOs. It is there where frauds and scams may happen.

But there is no need to fear for the transaction value of a scarce commodity that is increasingly difficult to obtain and that will soon be the basis of all the transactions that are made on the planet.