Is bitcoin a bubble?
Siemanko. Do you think bitcoin is a bubble? Many people somewhere on Facebook groups or forums think that bitcoin is a simple bubble and it will burst at any moment. My opinion is quite the opposite, that bitcoin has solid foundations secured by the technology of the future - blockchain. What is your opinion on bitcoin?
Siemanko. Do you think bitcoin is a bubble? Many people somewhere on Facebook groups or forums think that bitcoin is a simple bubble and it will burst at any moment. My opinion is quite the opposite, that bitcoin has solid foundations secured by the technology of the future - blockchain. What is your opinion on bitcoin?
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2 answers
People who answer the question "is Bitcoin a bubble?" with a positive usually have several arguments to support this claim.
First, they say that Bitcoin is simply not tangible - it is a decentralized currency, which means no government would support it. Fiat currencies have some stability because they are backed by big banks and governments. In addition, they are sanctioned and even motivated - you can pay taxes using fiat currencies and use them for other official matters. However, when it comes to Bitcoin (and most other cryptocurrencies), this is not the case. Different governments tend to sanction Bitcoin in very different ways simply because there is no specific owner - no individual or organization controls a given cryptocurrency.
Another argument is that Bitcoin has simply been inflated and inflated far beyond measure. It was the first of its kind - there were far fewer people who bought it to use it compared to the number of people who wanted to cash in on it - buy low and sell high.
Because the cryptocurrency didn't have a strong enough following from supporters who cared about its well-being, the price kept being inflated by those who were simply looking for ways to make a quick profit.
Due to Bitcoin's volatility, governments around the world have chosen to sanction and tax its use, with some going so far as to actually ban its use. This was one of the main factors that led to the massive Bitcoin price crash.
Probably one of the strongest arguments that Bitcoin is a bubble is that it's just too bulky.
In my opinion, however, this is f*ck about raccoon .... In my opinion, bitcoin is not a bubble, but an investment and technology of the future.
People who answer the question "is Bitcoin a bubble?" with a positive usually have several arguments to support this claim.
First, they say that Bitcoin is simply not tangible - it is a decentralized currency, which means no government would support it. Fiat currencies have some stability because they are backed by big banks and governments. In addition, they are sanctioned and even motivated - you can pay taxes using fiat currencies and use them for other official matters. However, when it comes to Bitcoin (and most other cryptocurrencies), this is not the case. Different governments tend to sanction Bitcoin in very different ways simply because there is no specific owner - no individual or organization controls a given cryptocurrency.
Another argument is that Bitcoin has simply been inflated and inflated far beyond measure. It was the first of its kind - there were far fewer people who bought it to use it compared to the number of people who wanted to cash in on it - buy low and sell high.
Because the cryptocurrency didn't have a strong enough following from supporters who cared about its well-being, the price kept being inflated by those who were simply looking for ways to make a quick profit.
Due to Bitcoin's volatility, governments around the world have chosen to sanction and tax its use, with some going so far as to actually ban its use. This was one of the main factors that led to the massive Bitcoin price crash.
Probably one of the strongest arguments that Bitcoin is a bubble is that it's just too bulky.
In my opinion, however, this is f*ck about raccoon .... In my opinion, bitcoin is not a bubble, but an investment and technology of the future.
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