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I'm getting real sick of repeatedly hearing people call increases in the Bitcoin price "bubbles".
by okokok___ 6y ago
I'm getting real sick of repeatedly hearing people call increases in the Bitcoin price "bubbles".
- FridgeSeal 6y agoWell when it stops catastrophically collapsing after each major price rise, like...you know...a bubble, then we'll stop calling it that.
- okokok___ 6y agoYou mean like any other market? Or just this one?
- FridgeSeal 6y agoSo is it a currency or a market? Because if it's a currency, it way too useless and volatile compared to EUR/USD/AUD/CAD/GBP etc. If it's a market (a la share market, commodities etc), then the volatility is fine, but what advantage does being a crypto-currency bring here? Because I'd rather invest in a normal company on the stock market instead of a crypto-currency, because at least with the former I am far, far less concerned about yet another exchange disappearing off the face of the earth or doing something illegal...
- okokok___ 6y ago>Because I'd rather invest in a normal company on the stock market instead of a crypto-currency, because at least with the former I am far, far less concerned about yet another exchange disappearing off the face of the earth or doing something illegal... Fine, do that.
- garmaine 6y agoPeople call other markets a bubble too.
- okokok___ 6y agoFair enough, see FridgeSeal's comment above though. Why are they OK with investing in an equity bubble but not a cryptocurrency bubble? They're both inflated assets. I would say, in general, the phrase "bubble" is used much more frequently when talking about cryptocurrency than equities even though equities are more overpriced than they've ever been.