Post
Topic
Board Economics
Re: Why economists say Bitcoin a bubble
by
karnwillbit
on 05/12/2017, 05:48:26 UTC
I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?

A bubble is a bubble when something is overbought, it is that simple. Is bitcoin overbought right now?
With a supply of 21 million (not considering lost BTCs), with all the brightest minds working on it, with the strongest network, and with a marketcap that is still very small compared to what a global 24/7 market like bitcoin is could deliver.... then no, I don't think we are anywhere near a bubble. Corrections will come and go, that doesn't mean we were in a bubble.
whos that BIG ECONOMISTs?and what economy they are stands for?specific country?(ofcourse its impossible that you have talked to world economist with an S)most of the time those what we called economist only favor for what interested them.they are really not for the peoples concerns but for the concern pabor to them.
That is what they have always wanted anyway. Raise FUDs from their nonsensical speculations and when the naïve and gullible ones drop what they are holding at a lower price, they buy. They are just trying to tap from the profit of the market and which is why they are busy calling it whatever name they like. These are the same guys that have always been known to always manipulate their way, so I am not surprised.