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RE: BITCOIN COURSE LOWER IS "EXTREMELY HEALTHY

in #bitcoin7 years ago

People often confuse Bitcoin with crypto currencies. Bitcoin could in a sense be in a bubble, but in no way are crypto currencies in a bubble. In my opinion If you get into crypto 6 months from now you will be an "early adopter". The people I know who are in Bitcoin are either people who have heard me talk about it or people who were given small amounts years ago when it was very cheap. Also while there may be whales their really is very little institutional money in Bitcoin. Wait till next year when we have EFT's!

When buying crypto and holding it is as easy as buying stock in Microsoft this will go through the roof. For many people it is just to complicated and confusing.

The only reason why Bitcoin could be "in a bubble" is there are better crypto' s out there and in the future being first may not be enough to secure it's long term future. But even if that does happen, it will not be a bubble, it will simply be over priced compared to the competition.

I think that the tech "bubble" is a good comparison. Many of those dot com stocks went to zero but look at the stock market today. Facebook, Amazon, Microsoft. Tech is king and so will crypto. The secret will be to pick the winners from the losers. Those that pick wisely will be rewarded greatly. But buy and hold will most likely be a mistake in many cases.

In my humble opinion blockchain will be as big as the internet. Technology is the future of our economy and blockchain is the future of technology.

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Blockchain is the future of technology. It's certain