Don't be fooled when you see a Bitcoin price prediction that calls for a collapse in the digital currency. <\/p>\n
Those predictions are mostly based on the bursting of the Bitcoin bubble. Bitcoin prices soared 8,500% in 2013 only to fall 85% by this past January. <\/p>\n
But the critics have misread what the charts are saying. <\/p>\n
All they see is a long downtrend. It buttresses their belief that Bitcoin has no value and that its demise is inevitable. <\/p>\n
But these critics miss several key points. The truth is, now that it's post-bubble, Bitcoin is finally finding its true value... <\/p>\n
First, critics typically liken the Bitcoin bubble to the infamous Dutch Tulip Bulb Mania of 1634-1637. <\/p>\n
In that case, imported tulip bulbs went from being a somewhat pricey luxury to a wildly speculative investment. Prices soared some 1,500% within a few months. When some started to cash out, the whole thing crashed. In less than a month, prices for the once-prized bulbs fell 99%. <\/p>\n
Bitcoin, however, is not that kind of bubble. The tulip bulbs had little practical value; they were just pretty flowers. <\/p>\n
Instead, the correct way to view the Bitcoin price trend is to look at the U.S. housing bubble... <\/p>\n
From 1999 to 2006, U.S. home prices soared 80%. But housing was never worthless. Homes were simply overpriced. <\/p>\n
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Link:<\/p>\n
Bitcoin Price Prediction: Why It's Only Now Finding the True Value<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Don't be fooled when you see a Bitcoin price prediction that calls for a collapse in the digital currency. Those predictions are mostly based on the bursting of the Bitcoin bubble. Bitcoin prices soared 8,500% in 2013 only to fall 85% by this past January Continue reading