With the huge success and buzz , bitcoin has made many people to think this is the future.
People are convinced that: –
things can never get wrong,
this is just the start,
it will go beyond imagination in years to come,
it will repeat all the success and more soon etc ……
Stats does support this argument so far, because from $.06 in 2010 its now $5,725 in Oct 2017 which is amazing.
Someone supported bitcoin from then or in these years so far has been in the real money pool without a doubt.
But are we expecting the same now? We really think this time history will repeat itself without correction?
People are confident that it will keep on growing…. without a doubt.
Isn’t this what we call a bubble?
Isn’t this being the same felling we got in before a Stock market crash. http://imsnweb.com
Doesn’t everything look crystal clear and all hoping against hopes.
Isn’t this the same feeling of overconfidence?
Forget markets economy and history, lets concentrate on BITCOIN.
I have few questions: –
What decides the bitcoin prices other than buyers and sellers?
What is the relevance of bitcoin?
Is this a business or gambling or a complete MYTH?
Why only Bitcoin even after its huge sharp upward rally?
Are we in situation to compare bitcoin with Economy, Gold, Real estate?
For me the most important question is: –
Why do BITCOINS even exist?
Why not let people gamble instead of such instruments where few people have created a bubble for all innocent people to believe it exists.
Don’t we still understand that Bitcoin is promoting illegal trading behind the scenes.
Many trading platforms behind the scene are gambling on bitcoins and its rates where they actually take the real money to play on virtual screen. A place or business where they i.e who is welcoming people to play have ZERO investment and risk but returns are unlimited and all loss is for the investors.
Not only this, Bitcoin backdoor trading is directly promoting Hawala, where lots of companies are being made and are traded illegally.
This is the sole reason for bitcoin success and buzz. But we are innocent, only think in favor of it, currently is neither the governments are having any issues with this nor many people have come to this platform openly.
When this bubble will BUST or have it already??
Well according to me things have gone out of the hand and sooner or later this is going to bust.
The only thing that is holding BITCOIN is lack of participation openly. The day or time when almost everyone next door will start investing in it and people will go in over invest zone, this bubble will come to bust for sure. Nothing remains up always.
Yes, this thing will end but when, only time will tell.
All we can do is wait and watch.
Decide yourself, weather you want to be in something you don’t understand or you want to follow the buzz.
History have told us that people together or as a majority have never made money else there won’t be any poor left.
Yes, people are making money and will make but they are the source, target audience or people won’t have the same joy at the end.
This Bitcoin is the same dream that everyone wants to have but the time you open your eyes, its GONE.