“Yes, Bitcoin Is a Bubble and It’s About to Burst”(thefelderreport.com)
thefelderreport.com
“Yes, Bitcoin Is a Bubble and It’s About to Burst”
https://www.thefelderreport.com/2017/06/24/yes-bitcoin-is-a-bubble-and-its-about-to-burst/
2 comments
It could be argued that most assets, over time, tend to exhibit bubble tendencies. Although I am not a crypto-currency expert, I invest in alt coins because of the media attention they are receiving and because of the investments pouring in from countries with unstable financial systems. My concerns are about the the robustness of the networks in light of heavy trading loads as well as flash crashes (like the one on the ethereum network 6/23) that could wipe billions of the table and lead to paranoid selling. Furthermore, big block traders (banks, governments, professional miners) might be able to manipulate the system by heavy volume dumping to later pick up coins at a lower price, in essence replicating what institutional investors do on wall street. It is my opinion that if one has a sum to invest that they are willing to lose altogether, the potential upside in some of the top cryptos might warrant taking the risk as this bubble could continue growing.
I don't necessarily disagree that it's in a bubble, but this is hilariously wrong:
> But it looks like we may have already reached the point of maximum foolishness.
Bitcoin, or rather the market cap of cryptocurrencies will continue to grow on average, even if the "bubble" pops every now and then.
Bitcoin has grown 10x since it was considered another "tulip mania" at the last bubble/crash.
> But it looks like we may have already reached the point of maximum foolishness.
Bitcoin, or rather the market cap of cryptocurrencies will continue to grow on average, even if the "bubble" pops every now and then.
Bitcoin has grown 10x since it was considered another "tulip mania" at the last bubble/crash.