Hello community,
I have heard some reports that 'someone' has put $1 million on Bitcoin being $50,000 before the end of 2018 and other conflicting reports that Bitcoin is a bubble that is going to burst. I understand this is very much a time will tell kind of question and some may argue that the press has said bitcoin is going to burst/fail since it came out but look at it now... and I understand there may be at least a chance it could be worth $1 million in the future.
What I am asking is what are the big Bitcoin holders thoughts on this are they bailing or are they holding for the long hall, if they are holding can 'The Bitcoin Bubble' really still burst?
I have most of my eggs riding in this crazy but attractive world and would really appreciate inside feedback.
Thanks for reading
bitcoin is a bubble specially when there are a lot of irrational buyers coming in and pumping the price to greater heights and then it will burst suddenly. However, it going to be a continues cycle, bubble has been burst, and then recovery began, another pump started pushing to another all-time-high. So that is the pattern. But its really hard to compare bitcoin to let's say the tulip mania, because it never did recover, even the dotcom bubble as well. Bitcoin on the other hand shows resiliencyI have heard some reports that 'someone' has put $1 million on Bitcoin being $50,000 before the end of 2018 and other conflicting reports that Bitcoin is a bubble that is going to burst. I understand this is very much a time will tell kind of question and some may argue that the press has said bitcoin is going to burst/fail since it came out but look at it now... and I understand there may be at least a chance it could be worth $1 million in the future.
What I am asking is what are the big Bitcoin holders thoughts on this are they bailing or are they holding for the long hall, if they are holding can 'The Bitcoin Bubble' really still burst?
I have most of my eggs riding in this crazy but attractive world and would really appreciate inside feedback.
Thanks for reading