Post
Topic
Board Economics
Re: Bitcoin bubble
by
el kaka22
on 06/04/2018, 06:00:22 UTC
In my opinion, Bitcoin would bubble again at the end of 2018.
Yeah that would be happening. Became bitcoins have raised up to the highest price range in December of last year. And now, as the prices are continuously going down. They aren’t coming up since last three months. But don’t worry, prices always fluctuates and they become like a spring. As much they are compressed they expand most. So at the end of year, hopefully prices just expand.
I am sure you guy's idea of a bubble is a bull run but I guess you should read more about economic bubble to understand what we are referring to here. Bitcoin is not a bubble and if there is one thing I have always known, that is the fact that any market that gets huge out of nothing with people getting greedy itself gives it the chance to see such a market pop, and at that stage we can classify such activity to look bubbl-ish.

Nevertheless, bitcoin has gotten to a stage where for now, rather than fulfilling its usage as a currency has become more speculative in nature, but it is just the way things are for now, that does not mean the future is not still bright.