Post
Topic
Board Economics
Re: "Bubbles" Made Bitcoin Stronger
by
AmXProX
on 26/11/2017, 00:49:37 UTC
I will want to take a contrary view to that because holding the position that bubble makes bitcoin stronger is admitting that bitcoin is really a bubble and if if follow that path, we might end up to the point where the bubble does not hold things together again.

Its true a lot of people are putting money into bitcoin with the hope of it skyrocket but that's is a wrong motive because people like that are the ones that expand the panics immediately there is little drop in price. So bubble does not make bitcoin stronger, it's just a misconception.

That is why there is a quote and unquote on the word, which means it is other people's statement. This statement against bitcoin is really helping the price of the coin to go higher each time it is released. It was proven that whenever a known personality give such statement bitcoin always overcome it and price always goes high after.

Many people are interested in bitcoin price volatility,and by seeing how much the price increase since 2009.people will tend to buy and hold to gain profit.That's why the bubble keep holding and doesn't pop

That is right many people are keeping the "bubble" for it not to burst and will never let it burst. So bitcoin is not just a bubble it is a balloon with a thicker coat, harder to burst.