The Biggest Misconception of Bitcoin & the Cryptocurrency Bubble..💭💭🗯
bitcoin·@bitdollar·
0.000 HBDThe Biggest Misconception of Bitcoin & the Cryptocurrency Bubble..💭💭🗯
# <center>Is Bitcoin in a Bubble??</center>  **Bitcoin has come up a long way this year. Starting the year close to the $900/US mark and hitting lows in the $700's. Now in the past month pulling back to about $3,700 today, from an all time high of $5,000 USD!! What a run Bitcoin has had and congratulations to all the holders, even from just this year and after the pullback, that is a heck of a return.** **All we hear about is Bitcoin being in a bubble, not in a bubble, could be in a bubble and so on. I do think Bitcoin has had quite a run and do not think it is in a bubble but I do think there is a bubble here.** >Let me explain... ______ ______ **Bitcoin's market potential is massive and they have a ton of growth within there grasps to capture. Since it is very new and a completely new industry in finance and currency, it could continue to march forward into much higher highs just based on more users and money flowing in. It is VERY possible!!**  >Steem is fair value imo but could pull back due to market conditions. I have been waiting for 0.80/200 Million market cap and under to start loading up. I believe it will reach this some point this year. # <center>Where is the bubble?</center> **The bubble is in the Cryptocurrency market. Over the past month, ever since Bitcoin made it's freshest new highs of $5,000 and pulled back. The alt-coins have been steadily moving lower while Bitcoin is consolidating in still very high prices relative to the year.** **As a trader in the stock market for over 7 years, when I look at all the other coins and there market caps, I shake my head. So many of these coins if not 80% of them are completely overvalued, if they should have any value at all. What needs correcting is the over inflated alt-coin market, which is making the industry look "toppy" in valuations.**  ______ ______ # <center>Banker's Calling Bitcoin a Bubble</center> **Why I believe the big bankers are calling Bitcoin a bubble and fraud even though they do say, they believe in it also, almost all of them. I think they are saying so because they know the alt-coins are in a super bubble, that needs to pop and can happen at any moment. This will present a buying opportunity for them to load up as much Bitcoin as they possibly can, as BTC will drop some due to overall blood in the streets.** _**There you have it. Bitcoin is not in a bubble but can breakdown at any moment due to the inflated alt-coin market and the bankers/governments will try to do this, to purchase more of BTC and there favorites, especially once there is any momentum.**_ >All my opinions here # @bitdollar > Help support me on Steemit by engaging on this post! ____ # <center>My Previous Posts</center> <center>[Book Club Review #2 - The TAO of Charlie Munger - Part 2: Amazing insight from this Billionaire!!](https://steemit.com/life/@bitdollar/book-club-review-2-the-tao-of-charlie-munger-part-2-amazing-insight-from-this-billionaire)</center> <center>[Book Club Review #2 - The TAO of Charlie Munger - Amazing insight from this Billionaire!!](https://steemit.com/life/@bitdollar/book-club-review-2-the-tao-of-charlie-munger-amazing-insight-from-this-billionaire)</center> <center>[Online Income Opportunities #5 💰- Freelance Work](https://steemit.com/money/@bitdollar/online-income-opportunities-5-freelance-work)</center> <center>[Leadership - Why You Should be A Leader...](https://steemit.com/life/@bitdollar/leadership-why-you-should-be-a-leader)</center> <center>[Why I QUIT Day Trading the Stock Market!!💰 Trader for 7+ Years.. If Your a Trader You Will Want to Watch This!](https://steemit.com/money/@bitdollar/why-i-quit-day-trading-the-stock-market-trader-for-7-years-if-your-a-trader-you-will-want-to-watch-this)</center> <center>[We All Connect Most to Feelings and Emotions, NOT information or Data. VLOG #10 w/bitdollar!!](https://steemit.com/life/@bitdollar/we-all-connect-most-to-feelings-and-emotions-not-information-or-data-vlog-10-w-bitdollar)</center> <center>[Is Jim Carrey Going Crazy?!? Lots of Headlines of this lately, come listen to my perspective and join the discussion!](https://steemit.com/news/@bitdollar/is-jim-carrey-going-crazy-lots-of-headlines-of-this-lately-come-listen-to-my-perspective-and-join-the-discussion)</center> <center>[Specific Ways You Can ADD Value to Yourself in ALL Situations and Environments](https://steemit.com/life/@bitdollar/specific-ways-you-can-add-value-to-yourself-in-all-situations-and-environments)</center> <center></center>