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From what I have seen, Bitcoin is not a single bubble. It is a endless stream of bubbles, and I see no end in sight. Each bubble bursts and after a while it s
by Shorel 9y ago
From what I have seen, Bitcoin is not a single bubble.
It is a endless stream of bubbles, and I see no end in sight.
Each bubble bursts and after a while it starts bubbling up again.
So, yes, it will burst. Many times. But that doesn't mean it will be the end of it.
- saas_co_de 9y agoIt also goes along with the stock bubble which is absolutely fueling it. You have a bunch of people with inflated net worths from their stock holdings who are being sold on Bitcoin as the "new gold" and a way to diversify their portfolios.
- cableshaft 9y agoJust wait until the stock market crashes again and investors need to exit and park their wealth somewhere for awhile. I bet Bitcoin will be one of those places that wealth will go.
- saas_co_de 9y agothat is one way things could go. the other is that when over-leveraged people who are living way beyond their means see their stock portfolios collapse they are all going to try to liquidate their crypto at the same time and so crypto will collapse the same as stocks.
- cableshaft 9y agoThat is certainly possible. I've liquidated some assets before when I really didn't want to just because I was going through some tough times financially.
- DonHopkins 9y agoIt's carbonated from all the CO2 it's pumping into the environment.