Okay, the first boom was the explosion of Mt. Gox. The second boom was the blast of Cryptsy.com and a host of other exchanges.
Should the exchanges remain secure there is no bubble only the requirements needed to transact are being met. Again, though, governments can and often have made decisions that have destroyed cryptocurrency, or blackchain technology. But this is why it will be needed and continue to grow. Today 198 million Americans had their private government records left to exposure, theft, and manipulation. That has to stop and blockchain will stop it. Oh yes, and like everything else the people who figure out how to stop problems or fix them need to be paid. There is no bubble, not yet, the technology is in the midst of adoption and change necessary to fulfill its primary purpose
when do u think the bubble is coming?
I don't. A bubble is a term for a market that is over saturated with investment, people have over invested. Investors have not over invested in attempting to stop financial fraud, theft, and computer data loss. Not yet anyways, when the amount of loss is far less than the amount of investment, maybe then a bubble is coming. Until then...it is not even close yet, ask LifeLock
is life lock on steem?
interesting perspective. my definition is when people are making money off regardless ... meaning they buy tulips cause it will go up. Good thing about bitcoin is its useful.. but ration of people in it to make money is high... not high enough for a bubble but high enough for a correction at a price point. thanks for sharing Jeff.
The highest Bitcoin reached was $11,000 before My Go. I heard today that Litecoin hit a record high of $50 and I just laughed. Before Mt Gox I was selling Litecoin for $125 - bubble? Like a bunch bubble bath?
what does "before My Go".
Oh yes, I forgot to mention some other things just off the top of my head. 1) Silk Road 2) Auction of seized coins from silk road 3) ASIC development cycle 4) Chinese mining dominance, and the list goes on and on.
There never was a bubble, there was investor reaction to negative things that occurred just like any other industry or service