Bitcoin is currently over $11k, and so many people who say they "don't know much about Bitcoin" want to call the current Bitcoin price a bubble..
Now looking at this chart you may think it looks a lot like Tulip Mania
But if you see in the chart the price skyrocketed and crashed within a few months, and definitely was NOT limited.. since you can grow an unlimited supply of Tulips eventually (even if there is a shortage).
However you cannot just grow unlimited Bitcoin..
So yes over time we may see big crashes (or corrections) along the way as adoption grows..
But as I have talked about in many posts:
Can $1.00 worth of Bitcoin make you a Millionaire one day?
What if every Millionaire in the World bought just 1 Bitcoin each?
What if the total value of the Derivatives Market moved into cryptocurrency?
The more Bitcoin is used..
The more valuable and dividable it will become..
Conclusion
So to everyone who says the current Bitcoin price will pop..
We hope you're right!
Because there are millions of people who would love to get some cheap Bitcoin.
Thanks for checking this out, and let me know what you think!
Image Sources: 1, 2, 3, 4, 5, 6, 7, 8
Disclaimer: I am not an Investment Advisor, and this is not investment advice. This for entertainment purposes only!
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I'd love cheap bitcoins as well, but while I think that the current "bubble" is mostly due to the media exposure and stuff that bitcoin has recently been receiving, unless something huge happens I don't see it coming down.
This happened so fast I can't see Bitcoin just sitting at $11k for very long.. It seems like it would have to go up or down, but who knows..
Yup, im 1 of those. Id like altcoins to have a chance... this rally is tough for trading
Yeah I wonder if it will settle around $6k-$7k until the next spike, but doubtful seeing as millions of new people are hearing about Bitcoin everyday now.
Smart man. It seems like you definitely have a grasp on what's what in the world of crypto...and the idea of what it means for something to be in limited supply! -Respect
Hi you probably won't like what's comming:
https://steemit.com/dragonslayer/@codemojo/operation-dragonslayer-info-from-a-hongkong-investment-banker
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