Post
Topic
Board Bitcoin Discussion
Re: why people think that bitcoin is buble coin ?
by
Virtual miner
on 15/04/2018, 15:50:24 UTC
after 10 years has been past of bitcoin but still people think bitcoin is bublecoin , why ?

They are calling bitcoins value a bubble because of its volatility. All market based value currency is always prone to bubble since it is volatile. When the price goes up and suddenly it goes down then we have a bubble popping. But that is very normal to bitcoin and if you are a long term holder that is no problem but if we talk about day trading then you are in deep trouble if a bubble occurs.
Yes that is the only reason why people call bitcoin a bubble!! They are just afraid that they will not be able to get any returns out of the market. So in the fear of losses, everybody got panic and believed the FUD that was created by the media, they had formed opinions like bitcoin will be dead soon....there is no future for bitcoin...bitcoin is a scam, bubble and what not!! So it was a bad time for bitcoin all n all. But trust me the market has started recovering now so the good time will come and make things better again!

P.S.: Bitcoin is not a bubble coin, its just a matter of perspectives and time!!