CryptoCurrency is Not a Bubble

in #bubble7 years ago

Financial experts everywhere keep pointing to charts like the first one below to point out that crypto currency is in a bubble and will end like all of the rest of them. Of course they may be right but those of us in the crypto currency space see it a bit differently. The S-Curve chart below which depicts the basic way any new technology is adopted will in our opinion, be a much more accurate picture of future prices. Crypto currency is not just a new technology and it is not just another financial instrument. It has no comparison in all of history. It is the birth of a completely new asset class and method of transferring value. The currency supplies are fixed and completely transparent unlike fiat currency which is easily printed to increase the supply at the government’s whim. As demand rises, the cost of the available fixed supply of crypto currency can only go up. We believe that Crypto currency is now entering the mainstream adoption phase. This is why price charts appear to reflect the unsustainable exponential price curves which proceeded most market bubbles and crashes. We believe that we will see values continue to skyrocket until crypto currency is widely adopted and widely dispersed among the population. At that point, just like all other new technology, the growth phase will level off and prices will become stable. However, by then, the entire social landscape will have been completely transformed. Only time will tell. If you get involved just make sure you don’t take reckless risks and you will be fine.

Bubble.png!

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