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LBRY Claims • understanding-the-hype-bitcoin-bubble

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23 Oct 2019 18:08:56 UTC
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Understanding the Hype: Bitcoin Bubble
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Volatility has been bitcoin’s constant companion ever since it’s inception, and skeptics and critics alike will always make it a point to remind you of this. In fact, the new hot buzzword is the bitcoin bubble.
Bitcoin is booming and there are many people out there just waiting for it to bust.

https://www.cryptocompare.com/coins/btc/charts/USD?p=3M

Bitcoin has been performing very well this year.
In fact, it’s up nearly 400% in the past year.
Even despite a few corrections the past few months, bitcoin has well out performed more well-known investment avenues like the S&P 500.
This has led to a few big name investors to speak up and prove that Bitcoin is still misunderstood and underestimated by the mainstream media and is still an unknown to the majority of people at this point.

http://www.zerohedge.com/news/2017-06-08/jim-cramer-goes-batty-bitcoin-may-hit-1000000-act-now-its-too-late

We’ve got people like Jim Cramer who is crediting the future price of bitcoin hitting the golden $1million mark purely because he thinks European banks will need to buy a lot of bitcoin to prepare for future cyberattackers demanding payments in BTC. Not only are the European bitcoin exchange markets ranked 5th in terms of trading volume, but furthermore, the biggest ransomware attack EVER gained a whopping $100,000. So to attribute the future million dollar BTC price on this misguided assumption is proof enough that bitcoin and cryptocurrency is not well-known to this guy.

http://www.cnbc.com/2017/06/06/mark-cuban-calls-bitcoin-a-bubble-price-falls.html

And when Mark Cuban is saying Bitcoin is in a bubble because “everyone” is saying how easy it is to make money if you buy bitcoin, he’s also mistaken.

Go to your local gas station or grocery store and ask the clerk or fellow customer if they own any bitcoin. Go ahead and ask everyone you come in contact with during the day. The fact is that not everyone has eve
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