Viewing a response to: @knircky/bubble-back-in-bitcoin-how-high-can-it-go
Bitcoin is not a bubble. FIAT currencies are. Bitcoin is just reflecting their falling value. Even gold can't do that, because gold is physical and therefore can be controlled. Bitcoin can't. What you see is not a Bitcoin bubble, but bursting bubble of paper
| author | lighteye |
|---|---|
| permlink | re-knircky-bubble-back-in-bitcoin-how-high-can-it-go-20170523t223931641z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2017-05-23 22:39:33 |
| last_update | 2017-05-23 23:47:21 |
| depth | 1 |
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| cashout_time | 1969-12-31 23:59:59 |
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| author_reputation | 616,682,050,015,010 |
| root_title | "Bitcoin reached $2300! How high can it go?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 3,716,868 |
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| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| knircky | 0 | 473,132,074,659 | 100% | ||
| cavemanrob | 0 | 6,815,173,473 | 100% |
I agree. I also think it doesn't matter. As the true value of all fiat money is revealed (headed to zero) having multiple cryptos coupled with some physical assets on hand (Gold, Silver, Land, tools, etc.) is our best bet. I think the OP has a great analysis here, I just disagree with the postulation.
| author | cavemanrob |
|---|---|
| permlink | re-lighteye-re-knircky-bubble-back-in-bitcoin-how-high-can-it-go-20170524t011503839z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2017-05-24 01:14:57 |
| last_update | 2017-05-24 01:14:57 |
| depth | 2 |
| children | 0 |
| last_payout | 2017-05-31 01:14:57 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.493 HBD |
| curator_payout_value | 0.162 HBD |
| pending_payout_value | 0.000 HBD |
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| author_reputation | 4,205,068,367,636 |
| root_title | "Bitcoin reached $2300! How high can it go?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 3,720,814 |
| net_rshares | 446,330,668,132 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| knircky | 0 | 443,786,102,163 | 100% | ||
| btc-dialog | 0 | 146,657,956 | 100% | ||
| lighteye | 0 | 2,397,908,013 | 50% |
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