Post
Topic
Board Bitcoin Discussion
Re: BITCOIN A BUBBLE? PRINTED MONEY IS
by
Herbys
on 22/10/2018, 13:59:33 UTC
According to the classical model, the economic bubble passes through 5 stages: displacement, boom, euphoria, financial distress and revulsion.

We faced the stage of financial difficulties when the price of Bitcoin fell as fast as it grew.

Now it is impossible to say exactly how much Bitcoin actually costs, to what level its price will rise or fall. But when the majority understands this, we will be at the stage of revulsion.

I think that Bitcoin should go through these stages when becoming a global currency.