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A lot of people just made money shorting bitcoin... it literally just dropped 50%. Are you trying to say that that wasn't a crash? Or that it's not a bubble? Do

• ve55 9y ago
  All I'm stating is that I do not think the price will reach exactly zero. Of course it's a crash, and of course shorting it is profitable during this, I was short myself in it for a bit. But the bubble has supposedly popped many times, keep in mind Bitcoin has had crashes far greater than just 50% before (closer to 90% has happened multiple times, see https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_...). So if this is 'the' bubble pop, rather than just another large crash, will remain an open question for quite some time.
• ZenoArrow 9y ago
  Sure, it was a bubble popping, but it's the overall trajectory that's important. After the dotcom bubble, investment in the web dropped for a noticeable period of time. It's too early to tell if this current drop has shaken investors in the same way. What seems apparent to me is that all the Bitcoin miners that have invested heavily in mining equipment want to see it continue to grow. The market may only slow down once miners no longer see a return on further investment (when the increasing price of electricity + mining equipment, combined with the steady rise of hashing difficulty, no longer makes it profitable), or when the transaction fees and transaction speed become too much of an issue. In other words, it's the technical limitations that seem most likely to stop the rise of Bitcoin (in my opinion).