5 ms·
And now we see banks buying into the latest Ponzi Scheme. When the BTC bubble bursts, now it wil take banks down with it. I guess they'll never learn.
by waqasx 13y ago
And now we see banks buying into the latest Ponzi Scheme. When the BTC bubble bursts, now it wil take banks down with it. I guess they'll never learn.
- TomGullen 13y agoWrong. The only thing worse than losing money in a bubble from a banks point of view is missing out on a rare explosive paradigm shift. It makes perfect strategic sense for banks to invest in Bitcoin.
- waqasx 13y agoyeah, downvote the messenger.
- Aqueous 13y agoWhen is the bubble going to burst? I'm just asking because I've been told it's been coming for years, yet BitCoin is now many thousands of percent more valuable than it was when I was first told that it was another tulip bulb. In fairness to you it is very difficult to distinguish an Internet-style network effect, where there is exponential growth, and a bubble. But it's not impossible. This is exponential growth due to a network effect because BitCoin represents real value and is not a bubble.