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> Set this chart to "all" and tell me that this price movement is not a bubble It's a new asset class, of course it's going to see huge gains as it picks up ad
by hanniabu 6y ago
> Set this chart to "all" and tell me that this price movement is not a bubble
It's a new asset class, of course it's going to see huge gains as it picks up adoption and of course if you zoom all the way out it'll look like a bubble. The bubble goes bust every few years and comes back stronger. That's a healthy market.
> It's actually really sad, because it means they cannot rely on or trust their country's currency.
That's a huge benefit and reason why bitcoin will become popular. It's a portable store of value outside the control of any government. It doesn't have the same issues as the US dollar for example where other countries need to be concerned about how not only their country is performing, but also the US since their reserves are in USD.
This is also why it's gaining popularity around the world. Trust in governments is rapidly decreasing and the world as a whole is destabilizing due to polarization, poverty/wealth gaps, and rising environmental concerns.
> there is no trust
That's the point. It's trustless. You don't need to worry about it.