If I had 0.00001 bitcoin for every time I have heard bitcoin is in a bubble I wouldn't need to be on Steemit. Well, since Steemit is such a cool platform I'd probably use it anyway even if there were no rewards here.
Charles Hugh Smith recently posted a great article on his blog discussing the possibility of bitcoin being in a bubble and it is a really good read. I don't like to plagiarise other peoples work so please check it out if you're interested.
The chart above should be self explanatory. :)
Interesting read, thanks for sharing! I think there is a strong possibility of a large price correction in the coming weeks/months, but when I think long term it's almost impossible to imagine that Bitcoin and other cryptos won't grow in terms of usage and value.
If you read that article it makes a lot of sense and that chart says a thousand words!
Thanks for posting. :)
@alexwyn
Well said! Bitcoin just keeps flying high, despite the challenges!
Thanks. I see a bright future for bitcoin, especially once we get over the BIP148 hurdle.
Cheers. :)
Your welcome welcome, @alexwyn
Good to get your comment and feedback! Yes, I think you're right! Have a great day! 😊
Extend it backwards to when it $30, and fell. Look it's crashing! Is it better just to buy and hold or wait for crashes?
I'm not a trader so I just buy and hold. I've done fairly well over the last few years with that strategy. ;)
Hahahahahahahahahahahahahaha. No risk no reward. I had 2 bitcoins wen it crashed to 600$ from 1300$ and I used it to buy Ethereum. I was so on a good profit after all. Now I can boast of 4 bitcoin. Cryptocurrency is the way.
Yes cryptocurrencies are the future I do believe. Good on you for getting more bitcoin. Congrats! :)
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NOTIFYtechnical analysis is 1000% bullshit. never listen to them.
I agree with some technical analysis, but in the current crypto space you MUST throw it out the window.
Thanks for posting. :)
Technical analysis is U and the news.
Be careful with that pin... lol...
Thanks for the upvote the other day...
@pocketechange
Hi @pocketchange!
Well, when you deserve an upvote, you deserve an upvote. Till next time. :)
Thanks again... Your vote of approval means a lot to me...
@pocketechange