I think this whole bubble talk is non-sense (long-term bubble; a short-term bubble is just variance). The US dollar and most cryptos have very differing dollar/coin production methods. The US dollar will always lose value over the long run to the bitcoin, simply by inflating itself at an increasing pace when compared to say Bitcoin, with it's limited supply and diminishing mineable coins.
I see Bitcoin as a very long term hold....and if not Bitcoin, some other proxy for the crypto market itself.
The thing is, the media has always called bitcoin a bubble since day 1.
The media doesnt understand it, so they bash it as it continues to "bubble" up.
Who knows where bitcoin will be in the future, but the underlying blockchain tech is here to stay.
I think this whole bubble talk is non-sense (long-term bubble; a short-term bubble is just variance). The US dollar and most cryptos have very differing dollar/coin production methods. The US dollar will always lose value over the long run to the bitcoin, simply by inflating itself at an increasing pace when compared to say Bitcoin, with it's limited supply and diminishing mineable coins.
I see Bitcoin as a very long term hold....and if not Bitcoin, some other proxy for the crypto market itself.
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The thing is, the media has always called bitcoin a bubble since day 1.
The media doesnt understand it, so they bash it as it continues to "bubble" up.
Who knows where bitcoin will be in the future, but the underlying blockchain tech is here to stay.
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Well put!
The media loves bubble talk. People have a general understanding of bubble...bubble = bad for savings account.
Which is ironic, cuz if you understand a bubble, it's generally the opposite....it's a great time to make money!
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