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is it possible that the number of people saying that bitcoin is a bubble is so high because bitcoin is a bubble? I mean, I'm not sure how anyone could even deny
by kiba 15y ago
is it possible that the number of people saying that bitcoin is a bubble is so high because bitcoin is a bubble? I mean, I'm not sure how anyone could even deny that bitcoin is a bubble -- the best you can hope for is that like gold it's a bubble that never ends. There's only been one of those in human history, though (two if you count silver as well), and it has at least a seven thousand year head start on bitcoin.
Is bitcoin a bubble? Not from what I seen concerning economic activities and what users report about themselves.
But can bitcoin fail? Yes. Is it 100% likely to fail? I think not. Is it a good idea to put in a few dollars as a hedge? Yes.
That being said, I am in bitcoin for the long haul, whether or not it ultimately fails, and possibly consequently lose all the value in bitcoin.
- mattmanser 15y agoThe people who put a few dollars in as a hedge are the exact people who are going to lose all their money when it collapses. Well, they'll say, was only a few dollars. Ultimately though, you've got got to wonder where all those few dollars went.