Is Bitcoin Cash a bubble?

October 16, 2021

I just read again an excellent article from @MobTwo where he briefly exposes some similarities between dot-com and cryptocurrencies.

https://read.cash/@MobTwo/my-thoughts-on-the-cryptocurrencies-market-d976babb

Well, those of my generation will remember the bursting of the dot-com bubble. Very few startups survived and now dominate the internet space.

Perhaps we will soon see a similar event in the cryptocurrency environment, making most of these projects disappear. In this sense, I agree that there is a new bubble of cryptocurrencies and tokens, but with the difference that those that have use and resistance to censorship will prevail.

There was no benchmark in the digital space in the dot-com era, as now, there is no reference at the beginning of Web 3.0.

Most of us are just users attracted, initially, by sudden profits based on the immense volatility of cryptocurrencies; Taking huge risks for big profits without thinking about what's behind the scenes.

Of course, modesty aside, you who read me belong to a special kind of user, who is also a pioneer in tomorrow's world that is becoming present.

To the extent that one delves into and understands the nitty-gritty of blockchain-based Web 3.0. One will assume the economy based on cryptocurrencies and crypto-assets as the visible tip of the iceberg of the changes that are taking place.

There is nothing wrong with investing in crypto projects to ensure retirement in the short term. But, I think greed clouds many in this regard. It is enough to study some of the thousands of dot-com companies that failed when the bubble burst to understand that many can now face the same fate.

Well, we are still in a young market that is betting on mass adoption for ultimate success. You are one of the privileged and also smart enough to take advantage of the situation.

So, don't waste time, don't be seduced by the manipulative propaganda of the concerned media, and do your homework. Identify the projects that are worth the risk to invest money and time.

Source: Image by Tayeb MEZAHDIA on Pixabay

Without a doubt, Bitcoin is a safe bet. Sure, choose, not just by name, the project or projects that represent the original spirit and purpose that started the revolution.

Wait, I must make a brief parenthesis here when I point to the term revolution by way of clarification. Revolutions do not always evoke beneficial events. While their goals sound beautiful, they almost always end up hurting those they seduce.

If you think I'm something dramatic. Research the tumultuous history of Bitcoin. And how in our day, the agents of the dominant system try to tame and manipulate the market.

So, be careful with the propaganda of the mainstream. Those will blow at the appropriate time to burst the bubble created to maintain power once wealth changes platforms.

I am not an expert in economics, especially in this one that is being born. Nor do I intend to encourage you in the choice you should make in this regard. I only want to share with you my thoughts.

I have been using Bitcoin Cash in the real world for almost nine months while learning about the rapid development of the ecosystem that grows day by day around it.

In this sense, I am convinced that Bitcoin Cash is not part of the bubble that will burst in the future. BCH will consolidate itself among the projects that will survive as a liberating alternative.

An original article by @Jnavedan

Cover image by Gerd Altmann on Pixabay