Many people are calling bitcoin a bubble, because it’s apparently overvalued. I’m comparing it to the two bubbles I know best, the dot com bubble and the housing bubble from 06. As far as I can tell, the dot com bubble burst because firms recklessly overspent and found that they were unable to achieve profitability. The housing bubble burst because people were unable to pay off their loans, which were overrated because of mortgage backed securities. Bitcoin is neither a reckless firm nor a person who will eventually be unable to pay back their loan. I understand the reason the bitcoin bubble would burst is because people realize it’s overvalued, so its value would be corrected (to a much lower amount), but what would initiate this correction? Just a bunch of people decide at once to sell? Investor fatigue or something?
With the well known issues that exchanges are having with completing transactions, customer service, verifying new accounts, accounts frozen, missing customer money, website going down, hacks, will this be the reason that the price of Bitcoin will come crashing down. I spoke with my bank today to verify that I can reverse a transfer to Coinbase, if I need to. I was told I can, but the phone rep also told me that he has had 3 calls in the last 24 hours about people having issues with Coinbase. This is just one person at the bank and he said some of his coworkers have also fielded calls about Coinbase. Without a stable exchange to effectively handle BTC trading, this has to weigh on the overall marketplace. In addition, if there is a significant intrusion into one of the major exchanges in the US or elsewhere and large amounts of BTC are lost, the ripple through the market could be substantial. Its happened before with Mt Gox and other exchanges this year alone. If people cannot trade without issue or even have access to their money, how can anyone deal confidently? Say what you will about Wall St, but people would never be unable to trade freely. Thoughts?
Prediction: Governments will collude to stage a mystery collapse of the internet to reinforce their currency & precious metals as a more stable investment than crypto currencies.. bursting the bitcoin bubble
When the TSLA bubble bursts, how will that effect bitcoin?
TSLA is up 350% is a matter of 4 months, Tesla currently is the largest automobile company in the world, now bigger than Ford, Toyota and Chevy combined. Whenever TSLA does go bear (or atleast a decent pullback), will interest in bitcoin return again? I have a theory that TSLA is stealing a lot of the spotlight away from bitcoin right now. I think the same types of traders who would be interested in bitcoin's volatility are right now occupied with TSLA.
It is July 6, 2020, and a bubble is indeed about to burst in the Bitcoin world. It is not the Bitcoin bubble, because Bitcoin is not a bubble. On the other hand, the anti-Bitcoin bubble is about to burst as I explain here in detail: "The Anti-Bitcoin Bubble Is About to Burst". We can see that the historical opponents of Bitcoin are changing positions one after the other. More and more institutional investors are now buying Bitcoin to hedge against the great monetary inflation that is currently taking place. Pragmatism is taking over the hatred of some towards Bitcoin. You can't fight the fastest horse in the race for profits indefinitely, in the words of macro investor Paul Tudor Jones. In a few months, the anti-Bitcoin bubble will have burst in my opinion. The fiercest opponents will have to face the facts: Bitcoin is here to stay! Footnotes The Anti-Bitcoin Bubble Is About to Burst Bitcoin Is the Fastest Horse in the Profits Race
Anthill 23: Bursting the Bitcoin bubble March 14, 2018 12.30pm EDT Annabel Bligh , Gemma Ware , Kelly Fiveash , Will de Freitas , The Conversation , Bernardo Batiz-Lazo , Brian Lucey , Heiner ... Virtual currencies The bursting of the Bitcoin bubble. Briefly the world's favourite digital currency, Bitcoin is in trouble As any seasoned trader would say, the bitcoin bubble is bursting — or has burst already. The Anatomy of a Bitcoin Bubble. In pure dollar terms, the bitcoin price is on the downside of its largest-ever price bubble. The surprising upturns and downturns of a financial market can confuse onlookers. It eventually is a game of passing sentiments – from one investor to another. If one sells ... Bursting the bitcoin bubble. Open this photo in gallery: Photos of the signage in front of a three-storey office on Spadina Ave. in Toronto. PETER POWER/THE GLOBE AND MAIL. LISA KRAMER ... The Bursting of the Bitcoin Bubble. 15/12/2017 … Author: Ian Lowes. Share this blog. During a trip to Holland last year I visited a Tulip Museum and purchased a large Amaryllis bulb for just eight euros. Just under 400 years earlier, such a bulb would have cost considerably more in today’s terms. In fact, at one point, at the height of what became an incredible, speculative bubble, single ...
Why Bitcoin is NOT A Bubble - Busting the Bitcoin Cryptocurrency Bubble Talk
Bitcoin can still be susceptible to failures an crashes but it won’t be because of being bubble but because the community itself failed to make bitcoin economically viable. If you want an historical example of a bubble bursting, this of the .com bubble. Also, look up Tulip mania on Google. There are news stories literally everyday tell us how bitcoin has surged ... We take a look at strategies to hedge against a bear market trend Please Subscribe for updates and sign up for exclusive insights at https://perfectblockchain.com. Did the bubble in Bitcoin just burst? If so, where do we go next and what are the impacts to the broader cryptocurrency space. We'll look at the charts and I'll share my views on why this is a ...