Humans are considered rational beings. Every once in a while greed and exuberance trumps rationale we end up with a Bubble. Bitcoin is a bubble and it will fall precipitously. Here's why… Some Economics Value of any product is arrived at through a process that matches demand and supply. If there is a lot of demand for a product and few people offering it, the price go up. There is a greater perceived value for it since the supply is limited - Everyone who wants it, cannot have it. The vice versa is also true. But as with most things in life there are certain exceptions to this rule
Bitcoin is a bubble - I will tell you why
Bitcoin is a bubble - I will tell you why
Bitcoin is a bubble - I will tell you why
Humans are considered rational beings. Every once in a while greed and exuberance trumps rationale we end up with a Bubble. Bitcoin is a bubble and it will fall precipitously. Here's why… Some Economics Value of any product is arrived at through a process that matches demand and supply. If there is a lot of demand for a product and few people offering it, the price go up. There is a greater perceived value for it since the supply is limited - Everyone who wants it, cannot have it. The vice versa is also true. But as with most things in life there are certain exceptions to this rule