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I too predicted [1] that in the future Bitcoin will be comparable to works of arts, not to digital gold, as hoarders like to think. A collectible is even better
by dandanua 6y ago
I too predicted [1] that in the future Bitcoin will be comparable to works of arts, not to digital gold, as hoarders like to think. A collectible is even better comparison. But I disagree with the price prediction. People are already buying it because they expect the price will raise. This is a bubble. It's not what happens with collectibles or arts.
[1] https://dandanua.github.io/posts/why-i-wouldnt-recommend-using-bitcoin-as-a-lifetime-investment/#economic-picture https://dandanua.github.io/posts/why-i-wouldnt-recommend-usi...
- lmm 6y ago> People are already buying it because they expect the price will raise. This is a bubble. It's not what happens with collectibles or arts. It's absolutely what happens with collectibles and arts.
- dandanua 6y agoOf course, people still expect the price raise. But it's hard to imagine it will turn into a bubble.
- dezmou 6y agoYou may be interested to follow the cryptopunks average and min prices to see if there are big dumps like in "bubbles markets" https://www.larvalabs.com/cryptopunks/forsale https://www.larvalabs.com/cryptopunks/forsale https://etherscan.io/address/0xb47e3cd837dDF8e4c57F05d70Ab865de6e193BBB#analytics https://etherscan.io/address/0xb47e3cd837dDF8e4c57F05d70Ab86...
- _0ffh 6y agoCollectibles can very much generate price bubbles. Some of them are quite slow to inflate/deflate, and thus not very exciting/newsworthy, but even those are bubbles.
- blunte 6y ago> This is a bubble. It's not what happens with collectibles or arts. https://en.wikipedia.org/wiki/Beanie_Babies https://en.wikipedia.org/wiki/Beanie_Babies