Here Is A Hypothetical Scenario For Anyone Who Thinks Bitcoin Is In A Bubble...
Hypothetical Scenario:
You build a house worth $250,000 and sell it to someone for $1. That person keeps the house for a year and then sells it to someone else for $1,000 (+100,000% gain). That person keeps the house for a year and then sells it to another person for $50,000 (+5,000,000% gain from 1st sale, +5,000% gain from 2nd sale). That person keeps the house for a year and sells it to another person for $250,000 (+25,000,000% gain from 1st sale, +25,000% gain from the 2nd sale, 400% gain from 3rd sale).
The question is, is the house that was really worth $250,000 from the beginning, which is currently selling for exactly that ($250,000), in a bubble just because it raised +25,000,000% in 3 years due to the original seller not understanding the true value of the thing they were selling? The answer is NO... Now apply that same logic to Bitcoin...
A bubble only begins to happen once the actual value of the object is surpassed (NOT the initial value change/gain...). Everyone screaming Bitcoin bubble has massive blinders on, but whatever, their loss...
Image Source:
http://www.altcointoday.com/bitcoin-is-the-best-example-of-bubble/
Agree. If you want to read a wall of text with pictures in between check out my post on the subject. Blockchain tech is the next leap forward in capitalism.
The funny thing is, if we are right and everyone else is wrong we stand to make millions. If they're right we lose a few thousand dollars. However, I think decentralizing the foundation of capitalism is much more important than personal wealth.