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RE: Vlog: 144: Will we enter the 5 digits Bitcoin era?
It is definitely too hyped right now, even people who are most unlikely to learn about tech are actually looking to put their money into BTC; I think this is a sure sign of a overheated market.
[email protected] lot of people have compared bitcoin to past bubbles, calling it a hype, and they are not wrong to do so. Any normal reasonable person that earns his money from hard work will like to be sure before he invests his or her money.Yes I personally think what people call hype in the case of bitcoin is actually people talking of the potentials bitcoin truly possesses.Bitcoin is serving the purpose for which its being talked about so well. Ive been able to transfer money easily between countries because of bitcoin, and that's just one of its benefits. If you check through history, you'll find out that the bubbles of past years were because the products were just hyped..They did not deliver what they promised. Just recently, bitcoin saved people's money in Zimbabwe when there was a political crises.These are the feats that make bitcoin valuable and thick,and not just random hype.
Wow. what people see as a bitcoin "bubble," from the perspective of the new paradigm, is merely the predictable and systematic devaluation of fiat currencies that will continue, with obvious ups and downs, until all fiat currencies reach the zero point. As the relative value of bitcoin temporarily drops, they will point to this as proof if their understanding. It won't matter. The reality if this new world is what it is. Those who understand will be the leaders of this new world
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