Lets compare two graphs to explain why some people believe we are in a BUBBLE and why others believe this is just the beginning to a power surge to 100k
Bitcoin is not a stock. Bitcoin is a technology and we are in the midst of a technological/financial shift. When looking at Bitcoin on a linear graph it looks like we are in a bubble most definitely:
People claim you must look at BTC on a log scale: Because it represents % change instead of absolute value. To put in perspective a $10 change from $5 is a massive shift compared to a $10 change from $2,500.
When comparing the two graphs one can easily decipher that bitcoin is not in a bubble, instead in a state of slow and steady increase of adoption/demand.
"Wealth is never destroyed it is merely transferred" ~ Mike Moloney
MARKET on 11/28/2017 @20:48
