Bitcoin bubble or boost?
Hello all my Steemit Friends !!!
In this Blog we will discuss about Is BITCOIN really Bubble or is it Boost?
We will try our best to make you understand.
As we are seeing that BITCOIN and other Crypto Currency are the Trending among all markets from around last so many years.
We have seen that many People used to say that BITCOIN is a bubble. But according to my study We can't say BITCOIN is a bubble.
So let me explain you my views about it :
We can define Bubble as a quantitatively it is an exponential increase in a price over a short period time only.
So by quantitative perspective BITCOIN can be said as a Bubble.
But I will explain it by one another perspective also.
Now by going through Qualitative analysis I don't think Bitcoin is a bubble.
Now let me explain in detail :
Certainly Bitcoin has been impacted by reinforcing loop and that is a feature of bubbles. But it would structurally differs in many key areas from a bubble in many regards. Increase in continuous Price is a combination of low availability and lack of liquidity. And Most of the Current Bitcoin holders don't want to sell their Bitcoin's.
But to the extent new supply also exists. And it generally comes from miners.
So the continuous rise in price reflects that the most of the holders don't want to sell their Coins and that makes a situation like high demand and less supply. That type of situation makes Price to Increase.
So basically in easy terms we can say increase in the Price of Bitcoin occur when there are not many sellers willing to sell their Coins. And there are holders which relatively immune the psychologically to falling prices. Because of their Belief that Bitcoin will change the world.
As a whole BITCOIN and other Crypto Currency are a type of digital Currency which are used as a payment method and from my point of view they will gonna replace the banking service in future.
I hope you have understood something about this. I tried my best to make you understand in a short time.
Now tell me What you all think is BITCOIN a Bubble or a Boost?
Bubble
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@sarcasticbro bro it's not a bubble.. plz study more on this
I understand little again.. i need more information like this to fully grasp my understanding in crytocurrency.. thanks friend!
following you and follow me and upvote . coment
@maquemali surely buddy i will come up with more information. I will make you full crypto analysit slowly.
Bitcoin is the future
Those who understand will earn money in future and those who
don't understand will pay that money in future.
@thepaperboy very right said by you. Bitcoin is definitely a future
good blog @kmayegaindia
bitcoin bubble soon i hope.
@a123araf i don't think bro you are right
Bitcoin is not a bubble. Its a pin. By the way great post mate. Keep it up
@dhanjkalita thanx for your kind words.
It's a bubble..
@shamim1992 bro i will advice you to study more
upvote for me please? https://steemit.com/news/@bible.com/2sysip
bitcoin very soon recover market
plese upvote me
@aman98115 yes recovering
Who say bitcoin is bubble?
1.They never study about bitcoin.
2.They never understand the technology behind the bitcoin.
3.They see only price volatility.
@kumarsanu yes bro i am definitely agree with you. You really gave a very nice concept.