as long as bitcoin stabilizes above the mark of 10k, it is still a win for me. every bubble bursts sooner or later...
You are viewing a single comment's thread from:
as long as bitcoin stabilizes above the mark of 10k, it is still a win for me. every bubble bursts sooner or later...
No no no. Again with this bubble talk. Bitcoin is no bubble. It is backed by real world computing power, hardware costs, electrical costs, maintainance costs, transaction fees and tgr Bitcoin user community. It is not a bubble. Yes BTC was dirt cheap in 2010 and now itwas usd20000 and came back down to 13 or so but this probably has to do with people selling large amounts to profit. Plus I watched the media hype up bitcoin for 1 year now and now how they talk about bubbles. Maybe the media and their gov puppeteers are trying to sabotage cryptos.
if i refer to a bubble, it is not bitcoin per se. as you said, bitcoin is backed up by real computer power, real hardware and so on... but that is not the point. as the whole fiat financial system is a pyramide sheme (=cash scam, ponzy), it is inherently unstable and destined to collapse sooner or later (the question is not if it collapses, but when). i was reffering to the price development in the last couple of weeks, where bitcoin rose from 7k-ish dollars in price to about 2.5x its value in a pretty short time. if you understand anything about economic cycles and product lifespans, you can clearly see the bubble in the price chart (bitcoin is a prime example for market development, market phases and lifespans). the bubble i was reffering to is the bitcoin price in the last couple of weeks, not bitcoin in general. maybe there was a misunderstansing regarding that point and i hope i could make it a little clearer :)
Bitcoin does not work as currency so it is a bubble.
here i also like to give my "two Cents", no offnese :)
Bitcoin does not only work as a currency, it is more of a currency that fiat. as fiat lost the Gold standart in the 70´s, it is not worth anything at all. the value of fiat currencies Comes from some sort of trust and idealism in fiat Money, not from any real backed value. Bitcoin (or all crypocurrencies) are different, because (as mentioned above) they are backed by computer power, a luxury fiat Money is lacking. they both have 1 thing in common, though: they follow a regular market and thus the rule of supply and demand.
Please stop plagiarising others comments.
Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.
Some tips to share content and add value:
Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
If you are actually the original author, please do reply to let us know!
Thank You!
More Info: Abuse Guide - 2017.
could you please state in which way my comment is "plagarizing others comments"? i cannot see why this gets flagged...
I don't believe in FIAT either, but I see bitcoin as being already obsolete because its incapability to handel loads and in time they have had they should have been better prepared for last boom. Crypto is future but not in the form of bitcoin.
totally agree. Bitcoin was never intended for everyday-purposes like microtransactions.