Where is The Bubble !!
and I have heard several times that:
"Bitcoin is a Bubble"
Where is the Bubble !!
I don't understand why peoples every time speak about the bubble.
in price over a short period of time.
Then yes, it is a bubble.
From a qualitative perspective I do not think so.
Source
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:
As long as this structure persists, Bitcoin will continue to have an upward price with substantial volatility along the way.
Never was and never will be bubble.
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I don't see this bubble, and even if it is, then this one is changing lives positively, and massively. Let's go 6k
Thanks for support
Have a great weekend
Have a fantastic weekend my friend.
What bubble?
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. ;)
Well said
@lordoftruth,
I think now we are on it :D
Cheers~
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.
@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~
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.
Thanks for comment..
Let us wait and see..
Hey @lordoftruth
Wonderful idea about btc....
I realy know....btc can change my future....
Cheers~~~
Thanks for sharing .
I00% like and resteem
What is this bubble?
Resteemed your post to make more customers.
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YES
"Bitcoin will change the world."
I think Bitcoin Bubble meaning above including.
Amazing...nice post