and I have heard several times that:
"Bitcoin is a Bubble"
Where is the Bubble !!
I don't understand why peoples every time speak about the bubble.
in price over a short period of time.
Then yes, it is a bubble.
From a qualitative perspective I do not think so.
Source
but Bitcoin will continue to have an upward price.
Where is the Bubble !!
All of us know, Most current holders of Bitcoin, don’t want to sell their Bitcoin, so any increase in demand for Bitcoin tends to induce a large price increase, because there are not many sellers willing to meet this demand.
I would argue structurally it differs in key areas from true bubbles, with the continuing price swings reflecting a combination of low availability and lack of liquidity.
Near term Bitcoin has certainly been impacted by the positive self reinforcing loop that is a feature of all bubbles, so the continuing rise in price reflects what it takes to pry coins out of the hands of existing holders.
This explains why generally there has been a floor to all corrections, because most of holders believe:
As long as this structure persists, Bitcoin will continue to have an upward price with substantial volatility along the way.
Never was and never will be bubble.
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I don't see this bubble, and even if it is, then this one is changing lives positively, and massively. Let's go 6k
Thanks for support
Have a great weekend
Have a fantastic weekend my friend.
What bubble?
There is no bubble... Rather an ever-growing series of moonshots and corrections with every time a new support level which is higher than the time before. ;)
Well said
@lordoftruth,
I think now we are on it :D
Cheers~
Never was and never will be bubble.
This is just correction.
Bitcoin will continue to have an upward price with substantial volatility along the way.
@lordoftruth,
Nope friend, I think it's a bubble and market correction will happen and BTC is going up to 7000 USD! But it will happen just after the next fork! That's how I feel it :D
Cheers~
I believe in bitcoin and blockchain tech, and I think that in the end, there will be a crypto bubble burst, from which several platforms are left standing, bitcoin being one of them. So it's not that BTC is the bubble. Just that this is the only way things can go when there is mass speculation about a new technology that still hasn't reached its full potential. I do think that BTC will emerge (with maybe a couple others) as a giant in this space, but many many others will flop in value.
Thanks for comment..
Let us wait and see..
Hey @lordoftruth
Wonderful idea about btc....
I realy know....btc can change my future....
Cheers~~~
Thanks for sharing .
I00% like and resteem
What is this bubble?
Resteemed your post to make more customers.
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Amazing...nice post
What is the bubble? where is the bubble?
"Bitcoin will change the world."
I think Bitcoin Bubble meaning above including.
very needed post.
Dear god I hope you're right! Not only for BTC but also the others... We have seen massive price increase for most of the coins and I hope they will keep doing so in the coming years
Let's be real guys. Hodlers are not hodling because they believe bitcoin will change the world. They're hodling because there's a scarce amount of bitcoins, which means it'll only go up in price and will benefit hoarders.
This is the very same reason why it's not a good utility currency but rather an investment asset.
I would argue that it depends on the future tech development. With the current limitations to Blockchains (mainly speed, costs, centralization of hashpower) one might see a switch to a new technologie f.e the tangle of IOTA. However btc seems to be the equivilant value of all altcoins and therefore I don't believe it will burst like a bubble, but it might stagnate as people move to newer tech sometime in the future. In the end we are only at the beginning of decentralized global network technologies and are only beginning to understand the implementations. Exciting times to live in for sure!
The only bubble is in the brains of the non-believers!
And people who call it illuminati money
To the moooooooooooooooooooooooooonnnnnnnnnnnnnnnnnnnnnnnnnnnn
Bitcoin hiyaaaaaaaaaaaaaaaaaaaaaaaaaaaa steem will follow by next year...
The growth of bitcoin is organic as the price is increasing because more people are staring to use it thus the increase is because of increase in demand and there is no bubble!
amigo #resteemia at your service
no more bubbles, it's time to moon @lordoftruth
ReSteemia
'UpVoted ReSteemed Commented'
You know what I reckon : they talk about bubble because they are scared and weak to not take any risks and to be too rational. Most of the people I talked to them about crypto world were those kind of profile. And it's "trendy" and "classy" to say bubble because it sounds like they know what they are talking about .. and we both now that they don't. Bitcoin will go down eventually but that would be to go higher and better =)
@lordoftruth - BTC is not a bubble... Who says yes :P Nice article Sir.... Therefore, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]
What I've noticed is that everyone is certain that BTC is in a bubble, but hardly anyone I know owns any BTC. I mean I've literally only met one other person that owns BTC. When every square you talk to owns some BTC, then you'll know we are in a bubble, IMO.
hahah no bubble actually it still lies in the mind of those who have not got one
If it is a bubble, it is the most stubborn bubble in the world.
Where is the limit? I mean will it come down ever?
follow me dost
UPVOTED. LETS GO 100,000