As you probably have heard, Marc Cuban tweeted that Bitcoin was "a bubble" about to burst due to greedy investors trying to get rich quick:
Giving him the benefit of the doubt because of his notorious foresight of spotting the dotcom bubble, many bitcoin enthusiast disagreed and asked for some reasoning behind this bold claim. Soon it became clear that Cuban looks at bitcoin and other CCs as a kind of stocks, where valuation can be measured using past performances to predict possible future returns and enthusiasm in a cryptocurrency will ultimately lead to a bubble and its inevitable "burst".
However, I'm very confident that Bitcoin, Ethereum, etc are not a bubble. Most people willingly decided to invest in these assets to support and be part of the blockchain movement, which even Marc Cuban admitted was here to stay. This movement is still in its early stages, as we are currently probably part of the "Early majority" of Bitcoin/Ethereum Users (my opinion, as I see tech savvy people, who previously were cautious about the technology, slowly becoming users).
This is why I'm very confident that these assets are still undervalued significantly. As long as the majority of developers are behind a certain asset and no major bugs are being exploited, prices will rise, simply because more people will become educated about it.
Be that as it may, you were probably shocked by the title and thought about panic selling all your bitcoins in hopes you avoid the gigantic Bear Whale named Cuban.
But don't worry too much about his impact on the price, looks like he is not that involved anyway. (Or he is simply playing the dumb and pump game on a large scale ;). That on the other hand would be a classic Cuban move...)
Thanks for reading, make sure to follow me (Only joined a couple of days back)
Hilmar