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Speculative bubbles dont last for over a decade and deflate and then reinflate over and over - thats called a cyclical trend. If you dont think cryptocurrency
by trident5000 5y ago
Speculative bubbles dont last for over a decade and deflate and then reinflate over and over - thats called a cyclical trend. If you dont think cryptocurrency is a thing that will be here to stay then you can have a word with almost every single asset manager, brokerage, and payment medium thats adopting it. The idea that its a bubble thats going away is frankly absurd at this point.
loceng (im out of replies so typing response here): You mean like stocks? Every asset in existence has turnover with new buyers that take out the old. Early adopters get rewarded for taking the risk, this is nothing new.
- dumbfounder 5y agoWe refer to the first Internet boom as a bubble. The term bubble, as it is commonly used, does not mean it is going away. I think you are just making a semantic argument.