and I have heard several times that:
"Bitcoin is a Bubble"
Where is the Bubble !!
I don't understand why peoples every time speak about the bubble.
in price over a short period of time.
Then yes, it is a bubble.
From a qualitative perspective I do not think so.
Source
but Bitcoin will continue to have an upward price.
Where is the Bubble !!
All of us know, Most current holders of Bitcoin, don’t want to sell their Bitcoin, so any increase in demand for Bitcoin tends to induce a large price increase, because there are not many sellers willing to meet this demand.
I would argue structurally it differs in key areas from true bubbles, with the continuing price swings reflecting a combination of low availability and lack of liquidity.
Near term Bitcoin has certainly been impacted by the positive self reinforcing loop that is a feature of all bubbles, so the continuing rise in price reflects what it takes to pry coins out of the hands of existing holders.
This explains why generally there has been a floor to all corrections, because most of holders believe:
As long as this structure persists, Bitcoin will continue to have an upward price with substantial volatility along the way.
Never was and never will be bubble.
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