The Talented Mr. Bitcoin

Bitcoin bubble has multiple times
Yes Bitcoin crashed multiple times this year, by more than 30% in January, July and September. But the currency came back stronger every single time. It is currently roaring at $7,000. You would think that more mainstream journalists would take a step back and wonder why this cryptocurrency keeps coming back stronger and stronger every time it is under attack. But you’d be wrong--most mainstream journalists suffer from a serious case of confirmation bias. That means they dismiss any information or data that does not support what they already believe, namely, that Bitcoin is a bubble, end of discussion.

Each time the Bitcoin bubble burst, Bitcoin showed how resilient it was. It is not only robust, but it actually gains strength from disorder and instability. This has led a number of people to refer to the currency as “antifragile.”

The more the status quo establishment fights Bitcoin, the stronger it will get, as people realize that no one has the power to stop Bitcoin. You do not go after Bitcoin this hard if you do not believe that it has the power to disrupt entire sectors of the economy.

There are thousands of Bitcoin Core nodes located around the world, all it takes is one node to survive for Bitcoin to stay alive. This is how powerful a decentralized system is.

Reference :https://cointelegraph.com/news/the-talented-mr-bitcoin-expert-blog
https://www.btcethereum.com/blog/2017/11/04/the-talented-mr-bitcoin-expert-blog/