Where is The Bubble !!

lordoftruth (71)in #bitcoin • 7 years ago (edited)

I have been holding BTC for several years
and I have heard several times that:
"Bitcoin is a Bubble"
I BGT at $300.00, $450.00, $750.00, $1800.00, $3000.00
Where is the Bubble !!
I don't understand why peoples every time speak about the bubble.

If bubble is defined quantitatively as an exponential increase
in price over a short period of time.
Then yes, it is a bubble.
From a qualitative perspective I do not think so.

Source

Volatility all the time will be expected
but Bitcoin will continue to have an upward price.
Where is the Bubble !!

All of us know, Most current holders of Bitcoin, don’t want to sell their Bitcoin, so any increase in demand for Bitcoin tends to induce a large price increase, because there are not many sellers willing to meet this demand.

I would argue structurally it differs in key areas from true bubbles, with the continuing price swings reflecting a combination of low availability and lack of liquidity.

Near term Bitcoin has certainly been impacted by the positive self reinforcing loop that is a feature of all bubbles, so the continuing rise in price reflects what it takes to pry coins out of the hands of existing holders.

This explains why generally there has been a floor to all corrections, because most of holders believe:

"Bitcoin will change the world."

As long as this structure persists, Bitcoin will continue to have an upward price with substantial volatility along the way.

Where is the Bubble !!
Never was and never will be bubble.

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#bubble #cryptocurrency #money #trending

7 years ago in #bitcoin by lordoftruth (71)

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rexusmo (64) 7 years ago

I don't see this bubble, and even if it is, then this one is changing lives positively, and massively. Let's go 6k

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2 votes

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lordoftruth (71) 7 years ago

Thanks for support
Have a great weekend

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1 vote

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rexusmo (64) 7 years ago

Have a fantastic weekend my friend.

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1 vote

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bwells (65) 7 years ago

What bubble?

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3 votes

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r1979 (38) 7 years ago

There is no bubble... Rather an ever-growing series of moonshots and corrections with every time a new support level which is higher than the time before. ;)

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3 votes

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lordoftruth (71) 7 years ago

Well said

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2 votes

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theguruasia (67) 7 years ago

@lordoftruth,
I think now we are on it :D

Cheers~

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1 vote

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lordoftruth (71) 7 years ago

Never was and never will be bubble.
This is just correction.
Bitcoin will continue to have an upward price with substantial volatility along the way.

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1 vote

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theguruasia (67) 7 years ago

@lordoftruth,
Nope friend, I think it's a bubble and market correction will happen and BTC is going up to 7000 USD! But it will happen just after the next fork! That's how I feel it :D

Cheers~

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kouba01 (80) 7 years ago

I believe in bitcoin and blockchain tech, and I think that in the end, there will be a crypto bubble burst, from which several platforms are left standing, bitcoin being one of them. So it's not that BTC is the bubble. Just that this is the only way things can go when there is mass speculation about a new technology that still hasn't reached its full potential. I do think that BTC will emerge (with maybe a couple others) as a giant in this space, but many many others will flop in value.

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2 votes

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lordoftruth (71) 7 years ago

Thanks for comment..
Let us wait and see..

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dinisanda (57) 7 years ago

Hey @lordoftruth
Wonderful idea about btc....
I realy know....btc can change my future....
Cheers~~~

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1 vote

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stmit (55) 7 years ago

Thanks for sharing .
I00% like and resteem

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1 vote

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goldcoin (66) 7 years ago

What is this bubble?
Resteemed your post to make more customers.

$0.10

1 vote

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minnowpond (62) 7 years ago

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