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>The difference is that the housing prices were clearly in a bubble The above article shows that Bitcoin was at the very least, in a bubble last year, and may
by ggggtez 8y ago
>The difference is that the housing prices were clearly in a bubble
The above article shows that Bitcoin was at the very least, in a bubble last year, and may still be one.
>and banks were intentionally packaging subprime mortgages that they knew were bad and selling them as a low risk investment.
And nearly every coin has an ICO which is a "sure thing". Everyone is selling their coin like it's a low risk investment.
>This is much much different than Bitcoin.
How?
>I would argue that Bitcoin is the only asset class that is not currently in a bubble.
So, you're living in denial then?
- craigc 8y ago> So, you're living in denial then? No, I believe that Bitcoin is going through a more general adoption wave. So yes, it was in a bubble last year, but it is all part of a larger adoption pattern. It is the same way Amazon stock was in a bubble from 1998 to 2000 when its value rose from $3 to over $100 and back down to $5, but where is it today?