We still have time to get in on the ground floor. Mainstream thinks blockchain tech is a bubble. I for one welcome the next industrial revolution.
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We still have time to get in on the ground floor. Mainstream thinks blockchain tech is a bubble. I for one welcome the next industrial revolution.
I love that. The next industrial revolution. Dude its massive is the only word I can use to describe what's about to happen.
Here is what I say to the people that scream bubble every chance they get.
You build a house worth $250,000 and sell it to someone for $1. That person keeps the house for a year and then sells it to someone else for $1,000 (+100,000% gain). That person keeps the house for a year and then sells it to another person for $50,000 (+5,000,000% gain from 1st sale, +5,000% gain from 2nd sale). That person keeps the house for a year and sells it to another person for $250,000 (+25,000,000% gain from 1st sale, +25,000% gain from the 2nd sale, 400% gain from 3rd sale).
The question is, is the house that was really worth $250,000 from the beginning, which is currently selling for exactly that ($250,000), in a bubble just because it raised +25,000,000% in 3 years due to the original seller not understanding the true value of the thing they were selling? The answer is NO... Now apply that same logic to Bitcoin...
A bubble only begins to happen once the actual value of the object is surpassed (NOT the initial value change/gain...). Everyone screaming Bitcoin bubble has massive blinders on, but whatever, their loss...