Hey , ima tell what is my gut telling about bitcoin. Ive been a goldbug for some years now, and its been very stressfull and disapointing. 2 reasons, 1 : it is manipulated by central banks, banks and others who drives the prices down to aquire more physical, its a fact, 2 : its been a roller coaster ride but since 5 years it has been in a bear market in a secular bull market, so in conclusion, you need to have a steel stomach, wich i dont have.
But what about Bitcoin youll tell me ! easy , it is not manipulated by anyone, it is the free market that is driving the price so with economic and geopolitical turmoil growing days after days it is normal that people searching for safe haven.
Weirdest thing to say in the world is that people are searching safe haven in cryptocurrency which have no intrinsic value, and that gold ans silver are left behind, some day, gold and silver are going to catch up the train, but since then, bitcoin has already left the trainstation with a nitro boost in the butt.
So now, what is my gut is saying ? it is saying that it is going up and up and up for the next 5 - 10 -15 years but it is going much much higher. if we take a look on the bull run it has taken for last month, i have never seen this , i mean , im looking my Bitcoin app every 30 minutes and its going up every time , with little pull backs but mehhh, insignificant next to the power of the force. i was afraid to get in because i was seeing a pullback coming, but i was blinded by other markets, bitcoins are no ordinary markets, no manipulation can occur , so enjoy the ride.
(this is not investment or trading advice , im not recommending buying bitcoin has investment, it is not investment it is cryptocurrency ), so is bitcoin in a bubble? i dont think so, is it the suckers rally of the bubble near to burst, i dont think so
