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RE: Why I Buy Bitcoin During Crashes Despite Calling it a Bubble
It didn't really have mass adoption the past year though. Yes, the awareness increased drastically but the use of them really didn't increase nearly as much as it might seem given how much volume and new addresses are from pure speculators. Most of these folks, including myself, aren't using Bitcoin for payment processing. Also important to note that most bubbles can be discovered just by looking at the psychology of the participants in the market - and the behavior here is as bad as it gets.
I think so. The behavior is aweful for sure. Mainly because most people investing are here to get rich quick. Seasoned investors are still skeptical. It may be a bubble but it’s much less bubblishis at this prices. The underlying issue is do you believe in the technology. If so, then good buying opportunity, if not then you probably shouldn’t be investing at all. I personally don’t like bitcoin long term and have invested into Steem to get exposure to the crypto market. I will be keeping an eye out for any better opportunities in the future but for at least the first half of 2018 I’m going with Steem.