The economy world is full of people who think bitcoin as a "bubble." They spread fear and doubt about bitcoin. They believe that the high price increase of bitcoin will encounter bubbles. but I think their critics and opinions are mere skepticism. It seems they just hate cryptocurrency. many of these people do not fully understand bitcoin. and they assume too far.
I face this with a doubt, I observe the year 2017 Bitcoin reached the highest price and this is a miracle. Everyone starts to find out about bitcoin. I feel the Bitcoin Increase is too fast so many people say "bubble". If it rises so fast then the price will fall quickly too, it's probably logic that makes sense.
so far I keep trying to convince myself that bitcoin currency is the future.
The price of bitcoin rose too fast because the year of 2017 was a hype because all of the people are just putting their money in bitcoin and believing to the predictions for the price of bitcoin that it will go up to $100,000 in the year 2017 but they didn't know that the hype was already high so the tendency is the price will go up and will experience a correction which is happening right now but overall, i don't believe that bitcoin is a bubble and i am still holding bitcoin because i believe for the price of bitcoin for long term.