Post
Topic
Board Economics
Re: Bitcoin is probably a short-term bubble guys.
by
trecore4
on 22/11/2017, 05:53:31 UTC


snip



Quote
Bitcoin's high before $200 was $1,000+. It dropped from $1,000+ down to $200, if I'm remembering right. This could be evidence that bitcoin was severely undervalued @ $200. Its real value might have been more than $1,000.


So this means its a bubble yet at the value of 8K plus where we still have the chance of bitcoin getting all high upto the mark of we don't know yet or have not imagined yet. Im sure people back in the time used to think in the same way as we are doing it right now. But in the current situation the ear has developed a lot and people actually know about the bitcoin in first place which makes it easier for them to invest into it even at this very much high point. It is the start line for them and how would they not invest it after knowing the history of bitcoin. The bubble is always will be there and as you said the thing could be down to any movement and with any unimaginable value or it could be upwards in the same way. We never know what the right and wrong bubble here but we do know that this is not the actual price for the bitcoin yet.