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RE: ‘Bitcoin is a bubble, when it bursts it can be disastrous’ – analyst on bitcoin record

in #cryptocurrency7 years ago

I don't agree with calling Bitcoin a bubble. Bitcoin is something special. It is not a company that could lose profitability and fail. Bitcoin doesn't lie. It is increasing because it is a life-changing financial invention. It is increasing because more and more people are adopting its use.

One just needs to understand bitcoin is not here to make people rich. It's here to make our community beter.

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They're in denial, they were saying it was a bubble back when it was $40 and they're saying it now, it's their go to attempt at trying to discredit it. Of course there will be a crash after this massive price rise, that's a given, then it will rise again after dropping, that's how free markets work.