Bitcoin bubble? Programmer explains.
Bitcoin has seen a huge momentum and rise this year and today we discuss wether it is in a bubble. I wanted to make this video because I received an interesting question from one of the viewers. We discuss both Bitcoin but also Ethereum and the cryptocurrencies based on Etehreum and the Ethereum ICOs.
What do you guys think about the points listed in this video? Do we have a Bitcoin Bubble, Ethereum Bubble or cryptocurrency bubble in general? Are you afraid of a Bitcoin crash?
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Great points ... Bitcoin is shaping itelf like the digital gold in a way
Good video, upvoted and followed! I am inclined to agree with a lot of what you say. I do think that Ethereum has a greater functionality and may be useful in more areas, but no denying the pioneering work Bitcoin has done and continues to do.
I have done a post today comparing the two and would love for you to take a look and let me know what you think!
Alex
good post
Bitcoin is far from being in a bubble. However, its price is susceptible to news from governments. Altcoins will grow along BTC because the whales will always need to diversify their portfolios. Not all altcoins deserve their current price valuation though.
Great
Bitcoin is still valuable keep, if its down a little, it'll go up again three times.
The elite club that the dude keeps referring to is really just the early investors that took on more risk for more reward. There is nothing wrong with this at all. They should be rewarded more for taking on more risk, when Bitcoin was in its infancy. That is the entire point.
I think perhaps Mar is confused between people having more Bitcoin versus people having more Steemit Power (or something similar). Bitcoin is not the same as this, because Bitcoin is simply a currency. Steemit Power has the ability to influence the Steemit platform, and thus in this setting Mar's perspective does have merit.
As for more general thoughts on ICOs, you have the correct idea Ivan. I am new to the game, but just as in any market, you need to evaluate the functional aspects of a coin in order to address its validity. Scam coins are mostly easy to avoid because they won't have anything extra to offer, and their developers on Github don't do anything meaningful. Essentially, pay attention to ICOs which actually have a niche to offer in the marketplace. There is no guarantee that they will be successful (potentially other ICOs will compete with them in that niche, or that niche is not as important as we assumed), but because they have a niche, their chance for dominance is far greater.