As I sit here watching my coinbase account, constantly refreshing my phone and am scouring the internet for more info about the "next big thing" to invest in, I wonder; is this really a bubble?
Through mass speculation, finite supply, and big name media companies high praise Bitcoin has not-so-rapidly become one of the biggest"bubbles" in recorded financial history. What I find interesting about this all is that, although there are high numbers and values being placed on these "Cryptos"; there is really NO intrinsic value in the coin. Meaning that the only value within Bitcoin, or any of the other hundreds of cryptocurrencies available on the market, is the value that we place on the coin... With that in mind, what if all the people who are deeming Bitcoin as a "bubble" are really trying to scare the general population away from what could quitepossibly become the next big thing in the global economy.
Just some food for thought, now I gotta go back to constantly refreshing my iPhone... and for that reason; I'm out.
ZIP!!!
Some recent news reported that currently 1000 people in this world is controlling 40% of all bitcoins. If these small group of people sell all of their bitcoins, then the bubble is going to burst. Be aware.
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