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I've seen comments like this posted on HN for the past 3 years. Bitcoin's "bubble" has already popped many times but it has rebounded each time. Maybe the next
by onewaystreet 10y ago
I've seen comments like this posted on HN for the past 3 years. Bitcoin's "bubble" has already popped many times but it has rebounded each time. Maybe the next time will be the last, but a lot of people have been wrong about that so far.
- edblarney 10y agoJust because there are a few buyers and sellers trading bitcoins at a specific price, does not mean there is any real validity or pricing support for the rest of the market. Facebook could sell most of their shares for today's bidding price. If all bitcoins went on the market today, it would probably crash and never recover. Even in a housing crash, there are creditors, deal-seekers and people who need a place to live who will stop the bidding from getting too low. And then people will come back eventually. If/when bitcoin crashes, it's gone for good.
- bduerst 10y agoWe're entering a new bubble, this one being driven as the Yuan crashes: https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chfdeh=0&chdet=1483586708686&chddm=89765&q=CURRENCY:CNYUSD&ntsp=0&ei=gLxtWNmbCYvmjAHDwri4Bg https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&... Just because it's being repeated doesn't mean it's wrong.
- kristianp 10y agoBitcoin has to end some day, but what Black Swan will bring about its end? The end should be factored in to investors calculations, but how? It has proven to be quite reliable so far, but the block size issue and I think fee increases are a negative.