People who still think that bitcoin is a bubble are simply illiterate and do not understand anything in the crypto-currency market. It's my opinion.
The thing is... that under the CURRENT financial facts and fundamentals, Bitcoin has indeed a bubbly price. However not all bubbles burst. Also the statements I've read around that "Bitcoin is digital, it's made of thin air, it doesn't exist, it only has value because people think it has" are pretty stupid... fiat currencies are exactly the same thing. Only gold and other metals have a real existence and value... , $ and other are truly nothing.
The reason I'm calling Bitcoin's price a bubble is for technical reasons, based on the literal meaning of the term "bubble" (taken from Wikipedia), "An economic bubble or asset bubble is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value. It could also be described as a situation in which asset prices appear to be based on implausible or inconsistent views about the future."
I'm however a firm believer that the current price is far from bubble territory when you consider the future. When BTC and other coins become more mainstream and accepted in more places, then the current price will be considered "cheap", not "bubble".
When planing for the future though, I liked the advice the OP gave, keep it at your heart if you're new to this world,
Trust yourself - 90% of what you read on the internet is bullshit, follow your instincts.
PS: I wonder... Since the above advice is given on the internet, does it automatically invalidates itself?
