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Is bitcoin a bubble?
According to experts, the real value of Bitcoin is difficult to determine because of two reasons: The currency is incredibly volatile, and trading practices may manipulate behaviour in unregulated exchanges.An economic bubble is traditionally defined as trade in an asset at a price that exceeds its real value, otherwise known as a speculative market. Because Bitcoin and other cryptocurrencies are so volatile, it’s impossible to know their real value.
Even if bitcoin is a bubble, I think we are at the early - medium stages of it and as traders, we can long and short it with swing traders to maximise our profit.
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Disclaimer: I'm not a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. Don't invest money you can't afford to lose.
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