Post
Topic
Board Bitcoin Discussion
Re: bitcoin boom or burst ? how to analyzed?
by
lepbagong
on 26/12/2020, 06:16:13 UTC
at that time  still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

The term for this is bubble. Yes, people and other users within the Cryptocurrency thinks that bitcoin is a bubble but their perspective should change by now since Cryptocurrencies already proved themselves that they can be valuable in the world we live in. Some people turn-to Cryptocurrencies when their physical jobs were lost and because Cryptocurrency is easy to access and useful during the pandemic, a surge of users was introduced to this industry. I still think that Bitcoin will stabilize at some point then have another surge in value for who knows when.

during a pandemic it is the most doable thing, of course, always doing regular work at home and of course crypto promises to be done by everyone, but the problem is there are still many who don't understand about crypto so there are no visible changes that are still as usual before the pandemic .

bitcoin has done a really fantastic job by taking very unusual spikes, bitcoin is already short term and can quickly go up very fast and down too fast.
but now bitcoin is starting to keep moving to make changes to ATH with renewable ones. bitcoin will continue to do that until next year, we will wait for it.