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RE: Calling Bitcoin a Bubble Won't Help. The Bubble Has Made Millionaires Already!
not sure about that.
I own BTCs and several other coins myself, because believe in the blockchain technology. The technology is not a bubble for sure. BTC must improve a lot to become a fully functioning currency - we all know there are huge problems, especially with the overload of the blockchain and the insane electrical power it uses per transaction. Or they give up being a currency, and become something like digital gold.
If neither of this two things happen, it will go down at some point, and others will take over. If they manage to improve, price will stop to rise at some point but stay more or less stable.
One thing is sure: it cannot go upwards forever.
Thanks for sharing your precious thoughts bro @sco I would like to add here that those problems are temporary so we should have a strong perspective that Bitcoin is extremely secure currency with its long-term viability so it is expected to boost its success. All bitcoin users know very well that transitory is prima of the digital currencies. So they don't get confused about its pumping and dumping prices.
So BITCOIN is still being relished as the most preferred and well-established digital currency.
This is why those mining machines in huge warehouses in the normally cold climate countries are keeping them going. Especially in the Scandinavian countries and the Netherlands. Then there are those in homes in around the world mining those bitcoins, etc.