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RE: My Response to Mike Adams 'Bitcoin Bubble'
@spartanza this is one of the best defences of bitcoin I have ever seen. You analyzed BTC as any other currency and showed its full potential.
In my opinion BTC price has gone high in last couple of months and now needs corretion (before increasing even more). And we are seeing that right now. But I do not believe that bitcoin is in the bubble.
On the other side, I do believe that some other altcoins are in the bubble and that their price will fell even more in next weeks.
What do you think?
There is certainly a bubble that will affect the bitcoin and alt-coin prices, however, that bubble is not going to be directly related to crypto. It will be as a result of when the shit hits the fan, people will be thinking that holding steem or ether or bitcoin isn't the wisest thing right now when you are going hungry. But it will be a thinning of the heard instead of a collapse. Obviously, this is a prediction, and I am not attached to that opinion either. This world changes so rapidly now, there is no telling, but this is my view.
I have a lot more defenses and use cases for bitcoin and more importantly blockchain technology, which is the real winner here.