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Exploring the Bitcoin Bubble: from February to Now
- molecularbutter 15y agowouldn't touch it with a ten foot pole
- SlipperySlope 15y agoWell reasoned article.
- ScottBurson 15y agoI think the argument that Bitcoins will ultimately have some nonzero value is fairly sound under certain assumptions, namely (a) the crypto doesn't get broken; (b) governments don't outlaw it. If Bitcoin turns out to be useful, people will want to keep a certain amount of it on hand so they don't have to continually trade in and out of it, with the attendant fees. That doesn't mean, however, that a bubble hasn't formed or will not form. Speculative bubbles take on lives of their own, and can drive the market price well above the true value, as we've all seen.
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