There are many things which u have to take care so that u can come out at the top of bitcion bubble
Hey guys,
like the first situation is
when all the people started involving in single term
and they are also quitting their jobs
now the question is is this happening then my answer is yes
because many of the people quitted their jobs and started trading in crypto currencies
and 2 thing many people are started mining
but we cant say anything exactly
- condition is when all of your friends and relatives started talking about this and u think i dont know what the thing is
now again come to real situation what is going on
then is it exactly right now happening
everybody on every social media started promoting crypto currencies
now my answer is yes this can be the sign according to me
of bitcoin bubble
but i didnot have solution
but
Satoshi's big cousin's says, "NO we are not in a Bitcoin bubble". Bubbles pop when they can no longer expand. Do you think crypto currencies can no longer expand?"
Here are some reasons why there's no bubble:
In a recent article a Bitcoinist reports "Famous investor and ex-hedge fund manager, Michael Novogratz, predicts that the crypto currency market will be worth $5 trillion in 5 years". That's almost fifty time the current martket cap size!
http://bitcoinist.com/a-5-trillion-cryptocurrency-empire/
International Electronic Money Transfers
Data from the World bank shows Remittance transfers, or electronic money transfers to foreign countries, have almost doubled over the past 15 years and while we can't always depend on the past to determine future behavior we certainly have no evidence suggesting the market will behave otherwise.
Global Uncertainty
Look out for the fake news out there guys. The media likes to spread fear uncertainty and doubt. This could lead to less confidence in global currencies only strengthening crypto.
Jeremy Lieu believes geo political uncertainty will increase the value of Bitcoin. "We believe Bitcoin awareness, high liquidity, ease of transport and continued market outperformance as geopolitical risks mount, will make Bitcoin a strong contender for investment at a consumer and investor level," he's says.
The Business Insider article linked above explains there's only a 63% global smartphone penetration and that the total number of smartphone users is expected to soar by 1 billion by 2020. Bitcoin's user network grew from 120,000 users in 2013 to 6.5 million users in 2017. More users could account to more transactions. By 2030 Bitcoin supply will be about 20 million, only increasing the demand. Mr. Lieu believes this is all reasonable and Bitcoin will reach $500,000 by 2030.
Let's be clear here
As many of the people are involving in crypto currencies and market cap is increasing day by day
So it is difficult to predict that when it is going to burst
What do you think? Are we in a Bitcoin bubble? Leave a comment below.
donate me some bitcoins if you want to me to get in this risk
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