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RE: Bitcoin was NOT in a bubble – the 2017 rise and the 2018 consolidation (Chaos Monitaur–34)

in #bitcoin6 years ago

I agree, we are in an "everything bubble" and it's inevitable "pop" is due within two years or less. The effects will be global since the global financial systems are all intertwined.

I still think that "intrinsic value" for Bitcoin and other cryptos will require "use" ...if not in wide mainstream adoption, at least in a solid foundation niche market of traders and users.

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More than a few people say that the bubble is popping right now. I tend to agree. Of course, the full pop and the total effects will become apparent over the coming months and years.