You mean like any other market? Or just this one?

So is it a currency or a market?

Because if it's a currency, it way too useless and volatile compared to EUR/USD/AUD/CAD/GBP etc.

If it's a market (a la share market, commodities etc), then the volatility is fine, but what advantage does being a crypto-currency bring here? Because I'd rather invest in a normal company on the stock market instead of a crypto-currency, because at least with the former I am far, far less concerned about yet another exchange disappearing off the face of the earth or doing something illegal...

>Because I'd rather invest in a normal company on the stock market instead of a crypto-currency, because at least with the former I am far, far less concerned about yet another exchange disappearing off the face of the earth or doing something illegal...

Fine, do that.

People call other markets a bubble too.

Fair enough, see FridgeSeal's comment above though. Why are they OK with investing in an equity bubble but not a cryptocurrency bubble? They're both inflated assets.

I would say, in general, the phrase "bubble" is used much more frequently when talking about cryptocurrency than equities even though equities are more overpriced than they've ever been.

I do invest in both.

Same, I'm just saying, it's starting to annoy me that the term "bubble" is being applied more frequently to Bitcoin than elsewhere.