I do think we need to factor in inflation in our future price, but I also feel there is a good chance it is the opposite of a bubble. Cryptocurrency is very niche at the moment (try talking to anyone outside of the crypto world and see the looks you get) and the market caps are crazy, can you imagine if it goes mainstream? Yeah we can't have so many coins of value but the ones that make it can see great success.
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I understand what you are saying but I would disagree and agree lol. I think the current psychology is inherently bubble like.
Sure it may not be and we will have to see.
I would also say that a bubble won't kill cryptocurrency and some of the current players will likely survive - someone gave the example of Amazon.
It is possible but I see, if it happens, maybe a medium dip with bitcoin and a lot of coins with low value drop by the waste-side. So we kind of agree. But
I don't see a crash. I see what you're saying and I don't disagree either, but I feel this tech really is revolutionary and all it needs is the numbers. To me a bubble needs to be built on a false premise with a rush of money. There is a rush of money, maybe a little too fast, but the idea behind it is solid. Blockchain is the future. And I still think there is a chance this is just the beginning, the bubble might be years off if at all. This is a currency that is, literally, worldwide with low to little fees, it has a lot of a value (but I'm not an expert, so please, if any one reads this, don't invest solely on my advice, do your research and only invest what you can lose.)
Yes of course.
Time will tell and if there is a bubble or other trouble it is wise we keep our eyes open. Thanks for discussion :)
Sure and like I said I hope I'm wrong (I am quite often) but just best to be cautious.
Thank you discussion and good discussion at that is one of the best things about Steemit:)