Bitcoin is a bubble.

in bitcoin •  7 years ago  (edited)

Bubble! Bubble!

How often did you hear such statements in the direction of this crypto currency? I think that very often. Is this statement unjustifiable? Let's figure it out. What is a bubble in general and what do people understand by this word? 

Poof!

When they say that Bitcoin is a bubble, most often, it means that it grows more and more, and then it comes to an end. The bubble also inflates, and when it reaches its largest size, it bursts. Is this not true? Of course Bitcoin (I believe that it will become one of the first such crypto-currencies) will also grow to unprecedented sizes and sink to the bottom. However, how soon will this happen? Before this event is still very far away, and we can't yet worry about this. Only those people who are at every drop in Bitcoin's rate scream "Bubble burst!" are wrong. Still, other adequate people will try to make money on crypto-currencies and take advantage of the benefits that Blokchain gives us. 

What the course?

At the time of writing, Bitcoin's rate is at 16500. And he is not going to fall to zero at all.


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