You are viewing a single comment's thread from:
RE: Crypto Market Crashing Hard | Reasons with My Opinion
A very helpful post @bunnychum. Everything you say makes total sense. Two things stand out for me -
1)"Longterm holdings are Good". Lot of changes are happening, regarding cryptocurrency and cryptos are changing many things. You got to allow the sea to settle down a little. 2) "Is it a bubbble?" - i agree with you that this is not a bubble. Crypto balances imbalance of wealth by creating an alternative system of income and expense. This way it puts the wealth from wealth pockests back into circulation, creating more unique opportunities. It is here to stay. :)
Followed you. Thank you for your support, @bunnychum :)
I know this could be a very late response by so many days, but then, better late than never.
There is a lot of insight that you could get from Bitcoin.org's FAQ. Maybe reading them will certainly help. The FAQ has this obvious question which asks if Bitcoin is a bubble?
I liked the way how it begins, stating
"A fast rise in price does not constitute a bubble. An artificial over-valuation that will lead to a sudden downward correction constitutes a bubble".
It continues saying there are so many reasons as to why the market price could increase or decrease like reasons for a drop could be
Somewhere I do feel we have all been a part of it for people to call it a bubble. What was meant to be a revolutionary digital currency has become the most fancy and lucrative commodity of trade. True, I accept currencies are traded in real life as well, but this has taken it to a whole new dimension.