The bitcoin bubble
I was just looking across some articles about the quick rise in bitcoin and other cryptocurrency's and we all know that there will be an adjustment. The big question is, when is the adjustment going to take place, and how big of an adjustment will it be?
the people in this article seem to believe that bitcoin will die out after the crash. Believing that it will not be able to recover from it.
What are you guys opinions on this? I feel that a large adjustment will be coming,when and where, that is whole other situation.
I'm unconvinced that bitcoin is a bubble that will pop any time soon. I'm hoping for one million dollar bitcoin 10 years from now.
Maybe not bitcoin itself. But other cryptocurrencies that are jumping up very very quickly in the last week will have a dip soon
That's true. Facebook was not the first social network, it was the best one. This is what may happen to Bitcoin - it'll always be the first, but it may not be the best in the future.
In May of this year BTC got to 2000 USD, every media website said that it's a bubble.
In August of this year BTC got to 4000 USD, every medium tallking about Bitcoin said that it's a bubble.
In December of this year BTC got to 20 000 USD. Once again every media is talking about the Bitcoin bubble.
Bitcoin looks like a bubble and it may be a bubble. Nobody knows. Media are here just to make the investment "drama". Don't believe media, they need to write articles about Bitcoin because they will make a lot of money from it.
I also want to add a thing: Even if BTC dies and everybody loses their money, it invented something new called Blockchain. Blockchain will definitely be used in many fields in the future.
I agree with that, I'm looking and following coins that are trying to improve blockchaining, EOS is one that I am very excited to see how it ends up
Answer one simple question. How can something so big fall so fast? My POV on this topic is that there are so many bog bitcoin holders and they all have similar interests. The decentralized world where there are no third-parties or any lobbies that can dictate the world. This idea is priceless and I think more and more people will start to realize that.
Point one: The Bitcoin will eventually have a dip
Point two: The haters of Bitcoin now starting to damage the reputation, as the tactic of ignoring it didn't work out.