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What is curious is that it seems like there's a growing consensus with everyone with a real clue about it that this is a bubble, while the price keeps rising an
by age_bronze 9y ago
What is curious is that it seems like there's a growing consensus with everyone with a real clue about it that this is a bubble, while the price keeps rising anyway.
We're already past the point where bitcoin could have any value as a currency, as the higher and higher transaction fees ensure the only remaining users are traders. I mean I can hardly see anyone using bitcoin today as anything but a store of value for speculative reasons. Any real users (which treat it as a currency) should have already left for cheaper currencies. It's going to fall, and fall hard, and it will be painful. When it will crash, it's going to take similar protocols (who can use the same setups / hardware / asics) down with it as miners try to reuse their hardware on more effective currency.