Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on May 14, 2018, 04:30:12 AM
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Bitcoin can never be related to a bubble. Bitcoin was created and designed just like gold. Gold is limited in supply(does not regenerate yet we don't call it a bubble). Bitcoin will recover its price gradually and take the leap from there as the demand and understanding of its concept increases each time.
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In may opinion, it is that we are in a recovery phase. However, there is a slight possibility that we haven’t seen the bottom yet, so if the price were to drop significantly more, you could say that this is still a bubble burst. But I am hoping that Bitcoin has hit bottom and it is gradually increasing so that at some point in the near future, there will be a big breakout in the positive direction. ;)
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Bitcoin can never be related to a bubble. Bitcoin was created and designed just like gold. Gold is limited in supply(does not regenerate yet we don't call it a bubble). Bitcoin will recover its price gradually and take the leap from there as the demand and understanding of its concept increases each time.
I believe bitcoin is never a bubble.Given Bitcoin’s volatile market value, it is all speculative as to whether it will survive and possibly even thrive. But even it's price fluctuations, i think is normal for the market base on certain factors like the demand and supply rules.
As for the price, bitcoin value started very low since it inception in 2009 but rose to all time high of 19000$ in 2017 and currently trading at 8500$,as not shown any sign of a bubble in my opinion.
However, bitcoin will definitely recover and may hit 19000$ towards the end of 2018 when some of these factors that made it drop stabilize.
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Some think bitcoin is a bubble because of its price's nature or sudden change but I know that bitcoin will recover its price and maybe not just recover but surpass its highest price. That will happen soon.