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The first time I saw someone refer to Bitcoin as tulips was in 2011 when I started in the space. I'm sure others labeled it as such as soon as it started tradin
by clarkmoody 9y ago
The first time I saw someone refer to Bitcoin as tulips was in 2011 when I started in the space. I'm sure others labeled it as such as soon as it started trading in 2010 at $0.06.
- readhn 9y agoa few people have been called crazy for pointing out bubbles... prematurely. it does not change the fact that its still a bubble. as i said getting the timing right is pretty much impossible. time and market will be the ultimate judge ;)
- clarkmoody 9y agoDo you think that the entire space "is a bubble" as in, "cryptocurrency itself will go away one day." Or did you mean "is in a bubble" as in, "the price will drop significantly someday."
- readhn 9y agocryptocurrency clearly has utility. it may stay as it is or most likely undergo some changes and stay in a different format. The issue is valuation - yes, it is bubble IMHO thats going to pop. Timing of that "pop" is a million dollar question.