Really how "Bubble" is Bitcoin?

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El control del mercado está en las manos de un número pequeño de personas
Otra cosa que podría hacer que estallara la burbuja Bitcoin (o al menos hacer que los inversionistas entren en pánico) es el hecho de que aproximadamente 1 000 personas poseen alrededor del 40 por ciento de todos los Bitcoins. Se les llama “ballenas” a los individuos vinculados a grandes cantidades de la criptomoneda Si deciden vender repentinamente un montón de Bitcoins para aprovechar los altos precios de mercado, otros propietarios de Bitcoin se darán cuenta.

También hay temores de que las ballenas puedan coordinar acciones entre sí y trabajen juntas para hacer que el mercado fluctúe. Debido a que las leyes respecto a las criptomonedas no son concretas, hay incertidumbre acerca de qué tipo de castigos que podrían recibir por ello.

Fundador de criptomoneda dice que el Bitcoin no es una burbuja
Aunque no es difícil encontrar abundantes recursos en línea afirmando que no hay duda de que el Bitcoin es una enorme burbuja que estallará pronto, algunas personas proporcionan puntos de vista alternativos. Uno de ellos es Ben Davies, co-fundador de otra criptomoneda llamada Glint. Él piensa que las personas no están mirando el panorama del Bitcoin, y que eso es lo que les está causando verlo incorrectamente como una burbuja.

Davies también piensa que la forma en que las personas a menudo comparan al Bitcoin con la burbuja asociada con bulbos de tulipán no se sostiene. Señala que, aunque los precios de los tulipanes subieron y luego experimentaron una fuerte caída, ese acontecimiento histórico es una "mala comparación”. Afirma que los aumentos de precios asociados con los tulipanes no eran similares al fenómeno de la criptomoneda. Sin embargo, incluso Davies admite que "el Bitcoin tiene todas las características y antecedentes que son los precursores de una burbuja”.

Esto es solo una muestra de por qué tantas personas creen firmemente que el Bitcoin es una gigantesca burbuja que representa una preocupación importante. Para evitar caer en el tipo de problemas que podrían arruinar sus vidas, los inversionistas deberían seguir estudiando el mercado regularmente y ver cómo el valor del Bitcoin fluctúa.

Además, es inteligente tener un plan por si o cuando la burbuja estalle. Muchas de las personas que fueron más afectadas por anteriores burbujas que estallaron fueron aquellas que no se detenían a pensar "¿Qué pasaría si?" y averiguar qué hacer si ha sucedido lo peor.

No hacerlo podría significar que esa persona está ignorando la historia.

Even those who have never invested in Bitcoin are beginning to monitor their progress closely. That's because the currency has increased in value, causing people who owned Bitcoins to get excited and wonder how much more the value could go up.

There are even cases where people with no interest in cryptocurrencies feel that now is the time to start getting involved in the Bitcoin boom. But some curious ask, will the bubble explode ?, and, if so, how long from now?

Bitcoin shows many signs of a classic bubble
Derek Thompson, who covers the economy for the Atlantic as an editor, points out that it is difficult to determine if Bitcoin is a bubble because it is an entire industry. However, he believes that recent Bitcoin patterns are similar to other famous bubbles that explode, such as the dotcom bubble.

Bitcoin is something that is present in all conversations and all minds. Investors make great life decisions based on the value of Bitcoin, and often make impressive predictions about what will happen in the future. People also did that in association with other things that went bankrupt, leading individuals to warn that history will repeat itself. They say that the only uncertain thing is when it will happen.

The volatility of Bitcoin is a constant
One of the reasons why people are encouraged by Bitcoins is because their value has soared. At the beginning of 2017, a Bitcoin was worth $ 1 000. Now, its value is $ 5 000. Then, there was a time in September where the value of the currency per was close to $ 5 000, but dropped to $ 3 200 just two weeks later.

For a broader perspective, however, it is necessary to understand that any altcoin that is not Bitcoin also fluctuates. That reality could theoretically contribute to concerns that Bitcoin is a bubble. One might assume that Bitcoin is as volatile as all other cryptocurrencies, but market statistics indicate that it is the most stable.

Even so, some people who keep track of the market intelligently expect volatility. Dave Birch, founder of Consult Hyperion, a leading consultant in the field of electronic transactions, has even said "you do not invest in Bitcoin, you take a risk with Bitcoin".

He supports that belief by advising people to just invest as much as they are willing to lose. If people really did that, the possibility of a burst of the Bitcoin bubble would not be so alarming. Instead, many people have moved all their investments to the Bitcoin world.

Anonymous transactions and lack of spending options made people raise their eyebrows
One feature that attracts many people to Bitcoin is the ability to send and receive money without revealing personal information. They also love the lack of government regulation and feel that investing in the Bitcoin market have more financial freedom.

However, Ray Dalio, founder of Bridgewater Associates, the world's largest investment fund, calls the idea of ​​Bitcoin private transactions questionable. He does not believe that the governments of the world will allow the lack of personal identification information associated with Bitcoin to persist forever, and shows how in the United States the IRS has already demanded from some user records associated with the Coinbase website.

In addition, Chainalysis is a company that specializes in helping to identify the people who own the digital wallets used to store Bitcoins. The information discovered reduces fraud and money laundering.

Dalio also mentions the large amount of speculation and the lack of spending options for Bitcoin owners. He believes that the concept of Bitcoin could work because of that speculation and that people do not have enough means to use the Bitcoins they own. For those reasons, the speaker agrees that there is a Bitcoin bubble, and that is the only logical conclusion considering the rapid increase in the value of Bitcoin.