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You are here: Home / Bitcoin Finance News / Forbes says bitcoin “bubble” will burst

Forbes says bitcoin “bubble” will burst

June 23, 2017 by Junson Chan

https://www.forbes.com/sites/panosmourdoukoutas/2017/06/22/the-bitcoin-bubble-will-turn-into-mania-before-it-bursts/#619941777945

The article is carefully crafted to “avoid” specific timing of when the bubble will burst, but the bitcoin “Crash” naturally already happens.

In the span of ONE day bitcoin went form $2900 to $2100. I was mostly asleep during this “crash”.

The author from forbes clearly doesn’t understand that MOST OF THE WORLD has not heard of bitcoin or digital currencies, let alone spent actual money or effort to acquire it. The bubble will “burst” when bitcoin hits like 1 million per coin or something, when there is world saturation of it.

Obviously, we are not near that point at all; bitcoin is still in its infancy, like a 1 year old baby.

Besides, who cares, if you’ve bought and read my book, you’re already mining bitcoin and printing money out of thin air and converting SOME bitcoin into actual dollars or assets. The first step to wealth is make money. Second step is take your profits and save it for living expenses (like say 6 months worth). Then step 3 buy more asset producers. The top picks are usually stocks, reits, or real estate (real houses/apartment buildings/land, etc), businesses. That’s *real* diversity.

I hate to use the “multiple streams of income” cliche as scammers and annoying internet marketers call it but that’s really what you’re building.

At any rate, just ignore the haters and keep mining and making money.

Check out my latest book, Mine Bigly – How to earn 200%-808% percent returns mining bitcoin for less than $5 a month in electricity costs because it’ll change your life and you won’t have to invest in scams anymore. 

Filed Under: Bitcoin Finance News

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