Hi friend, thanks for the great information. The total crpto currency market is so vast?Yes business is a risk factors so to achieve success, you have to take risks. Wish you good luck, may you achieve  your goals .Have a great time friend happy steeming.

Sup bro ? Still waiting for your installment on part 3 of your previous post.

That aside, the fact that bitcoin is compared to the tulip mania by someone who's main source of income comes from the centralized monetary system is laughable. 

The tulip mania is driven primarily by speculation with little use save for a little bit of aesthetics purposes. Bitcoin on the other hand; may not be completely devoid of speculations but it is afterall the branding of the blockchain technology where application is only limited to our creativity.  

it is also funny how the person who came out with such a comment is actually trying to implement a blockchain of their own.

This is funny, but i can see bitcoin moving soon

Why all of a sudden bitcoin is been attacked from every side?

Nice to meet you, @holl.boll
 Wow, this is somehow a dream come true after all these years envisioning it coming to our everyday world.
I votes you post plase vote my post thank you
Thanks a lot for sharing, great job as always,

Yes @exyle, in Holland there was a story with tulips, they say in those days it was possible to buy a house for a few bulbs of a tulip. As for JP Morgan , they promised to dismiss traders for trading bitcoins and I think this is ridiculous, because you can trade at home. I think this is a game of whales on the eve of a good jump :)

140 billion dollars... How much is it in tulips?) I like your opinion! I give you a tulip for this article)

https://preview.ibb.co/j8EDTa/tulipa026.png

@exyle Excellent Tale. Awesome you ended up in the position to hustle your way out of your respective condition.

i like bitcoin ....nice post

By holding a combination of precious metals, bitcoin and Steem, we can be personally insulated from the big banks and bankers.  The evils of the fiat currencies and the debt based economic system will cause their product to rot through inflation... just like tulips.

How can you say such bad things about a man who tries his best to protect us from losing money. This JP Morgan man is some kind of mother Theresa, who has nothing but our interests at heart. No, he more like some angel sent to us by God Himself to make sure we do not fall into these evil traps. 

Thanks for uploading on YouTube too because dtube doesn't work for me! It seems like something suspicious might be going on, possibly big bankers trying to suppress the price so that they can buy in at a lower point?

nice blog

That's actually well put in perspective. The ECB indeed dumps every month the total marketcap of BTC into the banking system. And still almost no inflation, that's something they better look at. Hyperinflation is lurking around the corner! I'll keep em too!

I think it's all funny, everything will be fine.

Nice write up. This is just the early stage of crypto currency I don't think Bitcoin Bubble will  be soon. New money enter the market every day. If the market drops its an opportunity to accumulate   more.

https://steemitimages.com/0x0/https://steemitimages.com/DQmTF5YoVtQbJrvZBM3pxwCm6yCENbR5NKd2F8FR82KorUc/Bitcoin-jamie.png

i seems to be good article..

follow me

Really glad you touched on this topic. For an asset to be considered in a bubble it's price must have inflated to much greater levels than the fundamental value of the asset where the average person can no longer afford it.  As we know, it's ludicrous to say BTC is in a bubble b/c it can be purchased in a fractional nature.  The term "bubble" is the one of the favorite terms the financial sector likes to throw around to create FUD in any markets nowadays.  

The crypto market is so small, (along with the Gold and Silver markets) that's it's quite easy to manipulate by spinning a narrative to create fear and uncertainty.   One thing BTC has going for it write now is that it can't be shorted by paper derivatives, but the the financial sector is working to fix that in the future by creating derivatives exchanges where this will be possible. 

You hit the nail on the head about cypto being a major threat to the banking sector, in my opinion it's their greatest threat they've ever faced.  The mainstream acceptance of crypto which would inevitably promote peer to peer exchanging of funds would cost them hundreds of billions annually in fees, and if a crypto lending system would ever be developed, derailing their fractional reserve banking system, it would make them obsolete. 

It will be quite interesting to see how hard the banks push back against crypto in the coming years as more and more people discover the many positives crypto currencies can bring to their lives.  Great topic and have a great day brother!!

Only those who can't understand would say Bitcoin is a bubble, scam or fraud.

I just read this online. There is a suspicious part of me that always suspects people even him when they say things like this. The price dips and I just bet they have a bunch of people ready to buy it cheap then sell it high in a couple of weeks time!

Thanks for sharing! ⚘

Even a broken clock can be right once in a while. Cryptocurrency as a concept is undoubtedly useful but is it ready for mainstream adoption? Really? 
There are currently situations and countries where it solves big problems. But is it going to be adopted by mainstream economies? What would happen if it was? Would any of them be able to work with billions of transactions a day? 

Is it worth the valuations ? Tulips were/ are useful to some extent too but the price people were paying for them was obviously out of proportion.
I see a lot of magical thinking going on around crypto, the basic premise seems useful but there is currently a large gap between the promises and reality it seems.

Right now bakers are realizing that bitcoin and crypto in general is a major threat to their niche. But for us it's a great time to buy more.

Lol, these bankers are as funny as well as they are the root of all evil. Robbing people in plain sight and nobody gives a shit.

Dude's looking after himself and his fortune as usual. Unfortunately for him, the scales of power have tipped.

I want to agree with you because I'm personally invested all in on bitcoin. But I think it really is a bubble man... If you study Ponzi schemes it's basically the same thing as bitcoin. Right now it's doing great because more and more newcomers are showing up to the party, but once everybody has their fill of bitcoin and the price stabilizes, what happens when all those early investors holding large amounts begin to cash out? There has to be a peak somewhere it can't go up forever, the question is how high will it go? That's a question nobody really wants to address, the inevitable ceiling of cryptocurrency. All that aside we still have to worry about government agencies who are "secretly" operated by big banks. I'm sure these people are plotting multiple take-down initiatives as I type this. They could implement regulations if they feel it won't incite riots, or they could just hack the system. Don't kid yourself if you think the government doesn't have the best hackers money can buy, or that threat of imprisonment can buy. Even McAfee has spoken about how vulnerable the blockchain is. I know everybody reading this probably wants to cuss me out and defend bitcoin... Look I'm not the enemy, I'm a realist. This whole thing is a hype train and the machine only works if newcomers continue to come. I just want to make 100k and gtfo before Uncle Sam whips his big ole d*ck out to f*ck us all.

It always depends, it is always a bubble and it is not at the same time. First of all we need to understand a great difference beetwen tulips and bitcoin. Tulips are assets which holds aesthetic value and bitcoin is not an asset it's currency. It makes a huge difference! Because currency has got value as long as people belive it's got value. If opportunities of trading goods in bitcoin increases the currency value increases. 
Example: In it's first usage bitcoin was currency for black market so it holds capitalization of blackmarket.
If  particular section of white market will start to use it it's value will increase to this market cap.
Example: Assume people on NYSE will only trade in bitcoin it's value will increase by the NYSE capitalization so by $20,245 bilions. 
Of course to whis cap with got to add bitcoin investment value connected to people who are not trading but holds currency for profit but this value is incalculable. 

Summarizing:
Price of bitcoin is a bubble in certain amount of time and in the other certain is not it estimation when is extremely hard to do and almost impossible. 
I will write a more detailed post about it.

While crypto is not a bubble, the prices of some of them are definitely bubbles. 4.5K USD was a bubble for Bitcoin, it should stabilize at low 3k. At the same time, low prices of altcoins with respect to btc are also a bubble at the moment (though i think a bubble isn't the right analogy in this case)

Even though some altcoins are bubbles , bitcoin and its blockchain technology is a great threats to bankers and governments , hence they wil surely attack it however we the people will stand firm and make it a success including steemi(pls see my  post for some tips). Another good post and vlog from you my buddy, keep it up and more success