In this video, we are dealing with a situation of people claiming that bitcoin is a bubble.
It’s our responsibility as early adopters of bitcoin and cryptocurrency to challenge others when they think that bitcoin is a bubble. Usually when price starts to hit all time highs, people will start to come out and make this claim.
Fortunately there are a few things that you can cover when you meet someone who thinks bitcoin is a bubble.
Our first topic is to define what a bubble actually is. A bubble only occurs when the intrinsic value is surpassed by the price.
Secondly Bitcoin is a currency. It’s not a company that has to produce a product or keep a positive bottom line.
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DISCLAIMER:
CRYPTO CURRENCY INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS, PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
