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RE: #Discussion: Is Bitcoin In A Bubble? Or Not?
Bitcoin can be both a bubble and not a bubble....if more people start treating it as an asset then it moves toward a bubble...if more people treat it as currency then it behave less like a bubble.
That is a good point, @ka82.
In you opinion, what would make people treat it like an asset? and what would make people treat it like a currency?
In countries such as US, Europe and other countries who have "privileges" of better economy bitcoin/crypto are being treated as an asset, which could turn to an speculative bubbles.
At the same time, countries such as Venezuela and Zimbabwe who have economical crises Bitcoin obviously being treated as more like a currency than an asset....
In US people aren't concerned that they get less food with the same money tomorrow, in Venezuela they do.
However there are platforms that coming out that will help people (especially helpful in developed countries) to use their cryptos for generating some economic activities (i.e. using bitcoin as currency), instead of letting sit in their wallet for later price appreciation. Some platform that I know are:
syscoin.org
saltlending.com
Openbazaar.org