Is Bitcoin a Bubble?
With Bitcoin prices rising to all time highs, one question looms: Is Bitcoin a bubble. Media has been hammering at this issue, and google trends for "bitcoin bubble" have increased almost 500% over the past month. In this video, I will example some potential triggers for a Bitcoin Bubble and reasons for future growth.
*** This is NOT financial advise. Bitcoin and Cryptocurrencies are highly volatile. Never buy more than you can afford to lose***
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Bitcoin is a bubbel ... ETH is the future :D
I have to agree. Right now people are only buying bitcoin they heard the price is going up. Ethereum has some serious tech behind it. We will feel it in the future
I don't agree. Ethereum is a platform for smart contract and token programmation, with a very different roadmap from bitcoin. ETH is not designed for be a money and is blockchain is used to support token economy, not users payments.
So you can transfer value using ETH... But this ETH's main purpose
Would've been lovely to see you two vote for others' nice content below instead!
um ok
Interesting...we must be careful
I would not say bubble, BTC is here to stay in one form or another for the long run. We are due for an actual week over week correction though..
https://steemit.com/bitcoin/@pawsdog/12-3-2017-the-market-view-and-trading-outlook
https://steemit.com/bitcoin/@pawsdog/12-4-2017-the-market-view-and-trading-outlook
@pawsdog
@luisneira Share your votes with those below?
When Bitcoin is at 30k, then we can talk about bubbles.
You will die in pain, alone.
When Bitcoin's bubble inflates to 30k, you'll say "When Bitcoin is at 100k, then we can talk about bubbles."
Just to clear the air, I have a vested interest in a ridiculously HIGH BTC Price.
I have substantial cloud hashpower and the higher the BTC price, more FIAT DIGITS I make.
With this in mind, I am sniffing out a major, catestrophic collapse of the entire crypto market in due time.
The amount of fake, counterfeit currency units entering the exchanges is going to make headlines and create havoc.
Just letting you all know THAT YOU FUCKING HEARD IT HERE FIRST!!!
Short-term bubble yes. It had no proper correction when it hit recent bottom of $1800 after reaching $5K. There can be correction to $5K, how long it will sustain this $11.2K. Also, technically, there are other coins that has better utilities and fundamentals, they need some love form BTC investors/
Bitcoin had come and will go also. But it will fulfill its function as a first mover. It already don that!
But I bet on DPOS algorithm blockchains. They have really big tech potential.
My post https://steemit.com/cryptocurriences/@tombort/bitcoin-is-on-olympus-but-what-hat-come-up-must-once-come-down explains in more details why BitShares, Steem, EOS and other DPOSs can be the next runers in the crypto relay race.
Please review and coment.
Upvoted this post, its coool!
Bitcoin has momentum going strong. I wouldn't be surprised to see a trading correction but not a bust. Too much big money coming in for games not to be played.
great content as always boxmining
Good post.
Bitcoin is a topic for discussions for a couple of years yet.
I would like to say that this is justified. But - the current fee, delays ... It's killing me.
I switched to other cryptocurrencies. Fast and comfortable. But nobody talks about them yet, heard about SmartCash? It's worth it. For me it's better then bitcoin. And for many.
The Wall Street Journal is not enamored with Bitcoin... yet.
https://steemit.com/cryptocurrency/@xsid/wall-street-journal-decries-bitcoin-saying-no-one-uses-it