There is a lot of talk of whether or not Bitcoin is in a bubble. I'm just going to flat out say it's not in a bubble, not in the slightest about to burst sense, ... but the bubble is minuscule compared to the space it has to fill. One has to look to the long term potential. Real potential.
Most of the people speculating about whether Bitcoin is in a bubble or not come from Wall Street and the investor community in the US. They may be trained with licences but perhaps bias has blinded them to what Bitcoin actually is and will be.
Those people have watched stocks like Apple and Google soar to their massive heights and can't seem to understand why Bitcoin is blowing the lid off those caps.
The answer?
Accessibility.
Accessibility. It's that simple!
There is no doubt in my mind that if either Google, or Apple had a coin of their own, those coins, if given a proper market, and maximum supply, would be worth maybe even $100 000 USD no problem.
“And Why Not?!” I said sarcastically at my computer screen.
Google is a great brand. Apple is a great brand. People are familiar with Google. People are familiar with Apple.
They're familiar with it the world over. Everywhere in the world people are aware of these brands. If they should issue a coin, like stock, and it was accessible to the entire world through the internet, without 99% of the restrictions the regular markets have, or the massive costs to buy into them, not just domestically but from abroad, BOOM! That rocket goes to the moon.
The majority of the world cannot even get bank accounts, but they can get cell phones. Those cell phones have allowed them to trickle invest billions of dollars into Bitcoin from around the whole world. Every day. Every hour. Every language.
In the regular markets you generally have to buy in lots, which is costly, especially if you only want to dabble. And if you're buying as a foreigner, it can be even more costly. For Canadians to buy in the UK or Australia, one buy-order costs a couple hundred dollars but not so much with the Bitcoin and the Cryptocurrency platforms.
With Bitcoin the regular rules do not apply! And yes, there is definitely a giant amount of “emotional buyers” all wanting to get rich and dreaming of yachts and retirement villas. But this is real. It's getting competitive.
Word of mouth is spreading Bitcoin awareness rapidly.
Education and adoption are happening.
Some ICO's (Initial Coin Offerings) smell of Snake Oil. The market needs to sniff those out with vigilance. People need to know that these are a form of gambling. Immediately. This is why China came down on ICO's (even legitimate ones), and maybe that's why we have governments to rout out Snake Oil salesman, to stop them, and to punish them.
People in China are still buying Bitcoin, legally, just not through traders but from peer to peer. And “ICO's” are not the bad guy, and the concept has great and honestly unbelievable potential.
Trading platforms are opening up all over the world. The Emirates, the Islands, Asia, the Middle East, most of Europe, parts of Africa, Korea, and yes still China, and many more.
It's growing exponentially and for the first time in history people from all walks of life can converge at one time over one thought.
That thought is Bitcoin.
It's a miracle it's not $100 000 dollars already.
And when will Google get it's own coin? That would be the greatest thing for the financial markets to finally expand so globally. To have people investing at the click of a button on everything. Wow!
So yes, Bitcoin is in a kind of bubble, but Bitcoin is NOT in a bubble.
Soon the world is going to see the great potential there is not in just making and saving money, but in investing in the whole world. They're going to learn what other competitive coins exist like Vertcoin. They're going to see what can be built on top of Ethereum and how it can bring about real change, real progress, if the people want it.
Bitcoin is just the first step. That's the bubble. But at the same time Bitcoin is still massively undervalued.
If you need a referral link to get started here's mine for Coinbase, which I really like for beginners and we both, yes both get a $12 kick back:
Coinbase referral: https://www.coinbase.com/join/597ed233492df70144af217f
If you’re interested in a more advanced trading platform I suggest QuadricaCX if you’re Canadian. They have offices in Vancouver and one starting in Toronto. Also withdrawing your funds can range from instant to only a few days. My referral link is here:
https://www.quadrigacx.com/?ref=cdxt3mcfbilf94a83ujclb35
If you're already a holder and you're feeling generous here is my Litecoin address:
LLcixDUFpK9Rhrce66GwU5ERiAi9J8x73y
Ethereum 0xf9134ffd47d988f26390d87510b48022a71fb9d2
or if you're really cool Vertcoin:
VpZJh2yv2nQsA9gSStB3P2sur14kZFJ1BH
every little bit helps.
Always remember that each type of coin has a separate network and a separate address network. For example sending Bitcoin Cash to Bitcoin Gold will lose your funds. Bitcoin Cash must only go to Bitcoin Cash and Bitcoin Gold must only go to Bitcoin Gold. It's like this for all coins.
Dan Lynch
Twitter:
email: danlovesfun@gmail.com
