Post
Topic
Board Economics
Re: BITCOIN IS NOT BUBBLE!!
by
korkyqq
on 25/07/2018, 16:24:02 UTC
Today, the Internet World is full of people who are called economists who say bitcoin is a "bubble." they seemed to spread fear, uncertainty, and doubt. They say that the bitcoin high price rally will be a disaster. however, it looks like they just hate cryptocurrency. many of these experts do not fully understand bitcoin.

Bitcoin is special. This is not a company that can lose profitability and fail. This is certainly not a speculative real estate scam that could collapse due to government and bank fraud. Bitcoin is something else. Its value does not increase due to market lies. This is increasing because it is a life-changing financial discovery. This increases as more people adopt it.

Bitcoin also grows as a result of basic economy. Its supply is limited to 21 million units and this certainly makes assets scarce.  If something is scarce and many people want it, then, its value will eventually increase.

So.. Bitcoin is not Bubble!!

You are absolutely right. The people that spread these theories are people who don't like the Bitcoin. Some people are scared of the Bitcoin, because it's hard to control the money supply. And that is why some economists will try to hurt the Bitcoin as much, as they can. They want to resume control of the market, and as long as the Bitcoin is strong, they can't do that.

When you here them say "Bitcoin is a bubble", answer them: "why the bubble doesn't burst even after 10 years".