Is Bitcoin/Cryptocurrency a bubble?
EVERYTHING IS A BUBBLE! IT DOES NOT MEAN ITS FAKE OR A SCAM! ITS REAL MONEY!
The stock market was a bubble, yet there was is real money involved. Is it fake? NO! Was there profit to be made? YES!
The housing market was a bubble, yet there was real money involved. Is it fake? NO! Was there profit to be made? YES!
The DOT COM (.com) was a bubble, yet there was real money involved. Is it fake? NO! Was there profit to be made? YES!
The Tulip era was a bubble, yet there was real money involved. Is it fake? NO! Was there profit to be made? YES!
So ill ask again..is Bitcoin/Cryptocurrency a bubble? YES but people don't heckle at it and say its fake just because YOU don't understand it! Most people don't understand how electricity works, but do they use it everyday? Yes, why? Because they know its real, Cryptocurrency is real so get used to it, its part of life now. Venezuela and South Korea are using bitcoin to pay for food! So yes There is a bubble due to fast increasing inflation but there is still real value here. ESPECIALLY in Steem. Eventually the bubble will pop but it will correct itself and be right back where it should be, its not going anywhere because our USD is withering away as we know it.
Thank you Steemers. Please kindly Resteem, Upvote, and Follow.
Here's the answer :D
Haha you are really aggressive about this topic. I am as well. Check out my comparison of the perceived Blockchain vs Dot Com bubble. It's a wall of text but it's worth it.