There's 3 reason people say Bitcoin is in a bubble.
They really think that and have no clue of what a bubble is.
They don't have the guts to get in and they're jealous and trying to hold you back.
They're trying to sell you some useless coin, token, investment service or other scam.
When a business' outgo is more than their income - it's a bubble.
Bitcoin does not have an office building, an organization, nor a centralized group of people determining its value, a bank, a Wall Street or anything thing else that makes their living by ripping off the public. Your money is also not being lent to people who are too incompetent to have any job skills.
The Bitcoin ledger is balanced every 10 minutes.
If every Bitcoin-holder cashed out today they would all get 100% of their invested money and capital gains.... because no one is spending their money on buildings, staff and #2 pencils.
The bank, my friend....., is YOU.
While Bitcoin increased in value by 1,000% in the past 12 months..... there was a major, natural adjustment in the market in July, in September and again in early November....
These normal adjustments were not due to your money being mismanaged - they were due to people cashing out their profit.
If Bitcoin has a super-rise in a short time... you will ALWAYS see a fast adjustment and you will ALWAYS see a buy-back because everyone loves to gobble up bargain prices.
Idiots and scammers have been saying Bitcoin is in a bubble since it reached $30.
If you don't know what the hell a bubble is - I highly recommend shutting the fuck up, because you're making an ass of yourself while the real investors are laughing at you.
It sounds too perfect and that scares people 😮
Yeah - but it's a simple matter of doing some research at legitimate information outlets.
If they scare that easy - the market will be too fragile with them in it and it's best that this kind of people stays out because they have a habit of buying high and selling low... and then telling people that Bitcoin is a scam.
I think the market is the market and it will correct itself. There's no test to be a part of the Cryptocurrency world so we will have to accept that everyone can join in. That part of it excites me.
Yeah I know --- but when they get in thinking $100 going to make them millions in 24 hrs they really need to just go start a small business or something.
The amount of ignorance creates a demand for every scammer trying to sell a bogus ICO or investment company.
All they have to do is say, "Bitcoin is in a bubble so buy my new spermcoin and we'll make you millions in 24 hrs. <==== This hurts us all and keeps good people out.
Very true @Zero21mill. Where there is money there will always be scammers and there will always be mugs you fall prey. Great talking with you mate. Following you in the hope of more of the same.
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STOPAlthough this is a bot ------ I'm going to talk to it like a weirdo.
I have posted a minimum of 1 post per day since July....., so YOU...., my bot-buddy and the best firend I ever knew.... are way, way, way late.
Just my take.
Peace.