Are {central banks|reserve banks} all that {bad|poor|negative}, {really|truly|actually}? {According to|Inning accordance with} one {economic|financial} {analyst|expert}, they're the {reason|factor} Bitcoin is {headed for|moving towards|gone to} {great|fantastic|terrific|excellent|wonderful} {things|points}.

1. Four Reasons Bitcoin is Not A Bubble: Analyst
teamsteverhyner.com /four-reasons-bitcoin-is-not-a-bubble-analyst/
Are central banks all that bad, really? According to one economic analyst, they’re the reason Bitcoin is headed for
great things.
Nathan Martin from the Economic Edge blog posted an analysis on why Bitcoin is not a bubble. His four reasons
make a lot of sense.
Decentralization
The power of Bitcoin rests in its decentralized nature. Because Bitcoin is not owned by any centralized banking
system (unlike national currencies), the value cannot be arbitrarily manipulated by currency production (i.e. the
devaluation of the German Mark, post-WWII). This gives Bitcoin the stability of a commodity like gold.
Supply
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2. The supply of Bitcoin, unlike all other items of value like gold or currency, is strictly limited. There will never be more
than 21 mln Bitcoins ever mined. The market is at 80 percent of that number, and will never exceed it. Mining is only
getting harder, and the value of each coin will continue to increase.
Security
Decentralization and encryption mean that Bitcoin is secure. It cannot be manipulated by external forces and cannot
be confiscated, apart from the hard copy key, which is held only by the individual user entity.
Fraud-proof
Because all Bitcoin transactions are recorded in the Blockchain, the opportunity
for fraud is minuscule at best, and immediately traceable.
With unsurpassed security, zero external manipulation and a limited supply,
there is no reason why Bitcoin should not continue to increase in price for the
foreseeable future, says Martin. Bubble concerns are based on markets where
these factors are not in effect.
According to Martin, while a bubble is certainly a possibility in the distant future,
the valuation point for Bitcoin is only being tested by the recent gains. Martin
argues that this current rise will, over time, be seen as building a base for far
greater increases to come.
Re-posted from www.cointelegraph.com by Jon Buck June 10, 2017
Only history will identify if Bitcoin is in a bubble at this time but the author makes some good arguments
that it isn’t. I’ll leave that for you to decide. Personally I feel like it’s in a consolidation phase. Keep in mind
I am no technical chart expert I’ve just watched similar situations where a stock or commodity will rise
rapidly. Then usually some profit taking will happen then said commodity or stock forms a base and if the
fundamentals are all there continues it’s climb. Sometimes quickly, sometimes slowly. Amazon recently hit
the $1,000 per share mark and how long did that take? Regardless, I believe Bitcoin is here to stay and
suggest you consider either mining Bitcoin or buying Bitcoin with a small portion of your available
investment funds. Click here to hear to learn more about mining. Email: steve@prplus.us
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3. Steven L. Rhyner
Thank you for reading my posts! If you would like to connect, reach out to me on Facebook.
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