RE: Lightning Strikes! Why Bitcoin is STILL a Bubble
First of all, the market rose in the first place because of the ads and everyone knowing about bitcoin, cause a tremendous peak in price. But the moment everyone started to see a crash, everyone also paniced.
Second, the price is too high right now, and we can see that because people only invest in crypto because of the rewards and don't think of the risks.
Third, I think that the blockchain system can and will be used in the future.
Unfortunatly, the prices are caused by people, and if the prices lower, people can't handle a crash, because they only see their value decreasing, and if people withdraw their money, causes the dip.
We can also see that the market has now much lower 24h volume (beeing it today $16 623 182 325).
We can see a HUGE dip in the global charts, it almost hitted 850 billion dollars, and now it sits at 330 billion because of all the crashes.
But either way, I agree with the post, tell me your opinion on my comment, thanks!
I agree many people just got in it because it was the thing to do with out knowing what there were getting into. That is what created the rise so fast that no one knew what hit them. Now I think people are saying what did I do and want out because they were not really into it in the first place. That is why the market is plunging like it is. Great posting and comments keep it up and steem on.👍👏👏👏👏👏
thank you for your support!!! I really appreciate it!