We talked about the supposed bubble of Bitcoin and cryptocurrencies, a bubble that does not really exist, since the market is based on the trust of users and the amount of coins or tokens that are available.

Practically every day we have breakfast with information that combines two terms: Bitcoin and Bubble. These two terms have been associated or rather, they have associated and conjugated them, seeking, in some way, to destabilize this cryptocurrency, an attempt to make people fear this cryptocurrency, but, curiously, only Bitcoin is attacked or rather, All the attacks are focused on this cryptocurrency and if you look closely, when it goes up the attacks grow and when it goes down, they almost disappear. But we want to explain the reasons why there is no bubble in the cryptocurrency market.

SO MUCH THEY LOVE YOU, SO MUCH WORTH

Humanity began by making bartering work, a rather inefficient system that led to the development of a monetary system, which determines that a piece of scrap metal or a piece of paper has 'x' value. Logically, paper money or 'real money' are someone's invention. The value of money depends on the assets and resources of a country and its foreign valuation. Today we all have the Euro in Spain, but you do not earn the same as a French, a German or an Italian and that has an impact on the fact that although we all have the same monetary system, our money is not worth the same in another country.

Cryptocurrencies are different. A cryptocurrency is worth what people want. Not only does people's sentiment influence, but the project behind this cryptocurrency also influences. Ripple, one of the fastest growing currently, is a token designed especially for the banking market, which allows transnational transfers in a matter of seconds with minimal commissions, almost zero, compared to current transfers, which take between 48/72 hours to be validated. If there are banks that test the Ripple blockchain to operate, it will go up in value, because it means that it has a utility and that is why it has risen in price, because everyone wants one of these currencies, or several.

It can be complex to understand. If a project is attractive, people will buy coins from that project and its value will go up, because the amount of coins is finite, something we will talk about later. If a protocol is implemented or is adopted by companies for the purchase of goods or services, for example, it will rise in value, because it will be seen as useful. If, on the other hand, the project is discovered to be a scam or is worthless and generates mistrust, it will practically lose its value.

FINITE AMOUNT

When we go to buy, if every day we write down the price of five vegetables, fruit or vegetables, we would see that the price would not be fixed, there will be a variation. At the beginning of the year there were significant frosts in Europe, which spoiled tons of vegetables, fruits and vegetables and many doubled and even tripled their price, for a simple reason, the less quantity of apples, lettuce, aubergines or tomatoes available, the more rises the price. Cryptocurrencies work the same. Bitcoin, Ethereum or Monero, have a limited amount, and it is obtained by mining, therefore, the more coins are mined, the less coins will be available, therefore, the more the price rises.

We also have another case and it is non-mineable coins. These coins are already on the market, all of them, therefore no more can be generated, except in the case of Ripple, for example, since a part is not on the market, it is saved in case it was necessary, being implemented in case of be necessary. These cryptocurrencies owe their value to the adoption by wallets, to carry out operations of exchanges of goods and services for cryptocurrencies or, because the project on which this currency is based, is considered as interesting by users and they want to buy it, either for use it or to support the project.

WHO TALKS ABOUT BUBBLE?

We must also analyze the factor of who or who insist that it is a bubble. The first thing we need to know is who to target or rather, which elites to target. If you look closely, they are bankers, brokers, real estate investors and the like, people in suits, ties and shirts. You just have to go to the newspaper library. Now I ask you, which bank will give you an annual interest of 1000%? None. What investment will give you an annual return of 700%? None.

The problem that exists is that these white-collar speculators need the money that you, us and everyone else have, to make more money, investing it for their benefit, to achieve great returns. If that capital falls and goes to the cryptocurrency market, they have less capital to speculate and their profits fall. They are simple additions and subtractions. It is for this reason that they speak of a bubble, that they have no value, pyramid fraud and others, when in reality, what they do behind people's backs is to invest in the blockchain of the different cryptocurrencies, because they know that it will give them profitability.

SIMILARITIES WITH THE ELECTRIC VEHICLE

I will give you a very clear example. In 1839, Robert Anderson developed what became known as the first electric vehicle in history. It was a typical carriage of the time equipped with an electric motor. It wasn't going very fast, at 6Km / h. In 1899, Camile Jenatzy took it to a new level, reaching 105Km / h. No, electric cars have not been invented by Musk and no, until two days ago they had no interest for the big brands of vehicles, because they could manipulate the price of oil and earn millions. Oil is running out and people are aware of climate change, so we switched to electric vehicles or we will.

Cryptocurrencies are the same. We are at the beginning of a new world, but in this case there are no companies or banks that can stop it, for two reasons: they do not have the power to do so, because cryptocurrencies do not depend on any bank or government body and the second, because it is impossible to put doors to the internet. The electric vehicle was forgotten, but not cryptocurrencies, they have already become strong, thanks to social networks, portals like ours and above all, because people are tired of being manipulated, economically and want to stop bad living, to be free.

CONCLUSION

They can repeat as many times as they want that Bitcoin is immersed in a bubble, but it is a great falsehood, which is based on the spurious interests of a few, who see how they are losing the power to manipulate and control people. Bitcoin is the name of the great enemy, cryptocurrencies, but attacking them all at the same time is impossible, so it is first sought to end Bitcoin, the first cryptocurrency that was developed, although just like Ethereum, Ripple, Monero, Litecoin , Bitcoin Cash and all the cryptocurrencies that you imagine, as they gain specific weight (logically, many will perish along the way), they will be the focus of attention and attacks. I want to close this with a question, how long will it take JP Morgan to use Ripple for cross-border currency transfers (if not already secretly)?