Quote from: jaysabi on November 09, 2017, 08:35:18 PM

This is a bit click baity, no? First, it's presenting two diametrically opposed ideas: 1) could bitcoin reach $50,000 in the next couple months; and 2) could bitcoin be a bubble and crash?

So those are the two options to ponder, extreme upside or total devastation? Of the two, I'd consider a popped bubble far more likely than $50k btc in a few months. Anyone trying that hard for attention ($50k is an outlandish claim) should be viewed suspiciously. And I wouldn't particularly trust anyone hawking both ideas at the same time. The non-informational baiting is the kicker: "You may be surprised to hear how Mike answered these questions..." Classic click bait wording.

Quote from: allthingsluxury on November 09, 2017, 06:46:11 PM

In his latest video, Mike Maloney ponders the questions 'Could Bitcoin hit $50,000 in the next couple of months?' and also, 'Is Bitcoin in a bubble and could it crash?' You may be surprised to hear how Mike answered these questions and the action he has taken accordingly.

Click here to watch this video:

https://mikemaloneyblog.blogspot.ca/2017/11/50000-bitcoin-in-next-couple-of-months.html

Quote from: jaysabi on November 09, 2017, 08:35:18 PM

This is a bit click baity, no? First, it's presenting two diametrically opposed ideas: 1) could bitcoin reach $50,000 in the next couple months; and 2) could bitcoin be a bubble and crash?

So those are the two options to ponder, extreme upside or total devastation? Of the two, I'd consider a popped bubble far more likely than $50k btc in a few months. Anyone trying that hard for attention ($50k is an outlandish claim) should be viewed suspiciously. And I wouldn't particularly trust anyone hawking both ideas at the same time. The non-informational baiting is the kicker: "You may be surprised to hear how Mike answered these questions..." Classic click bait wording.

Yes, a bit baity but it is quite interesting as he says that both answers could be correct and goes into explaining the arguments for both cases, as we don't have anything similar in History to compare to.

He says bitcoin is probably part of everything bubble, which is a concept I hadnt heard before. It is said that we might be in a stock market bubble, a bonds bubble etc. so bitcoin would be a part of the global one. This could be the case, but some people also argue that of the stock market crashed (or the bond bubble), investors would buy bitcoin as a way to protect their wealth.

He compares historic bubbles like Tulip bulbs, gold, pyramid scheme in California and Nasdaq. What I find missing here is that he is mixing two types of bubbles, the absolute and the relative ones.

The conclusion he reaches, that you have to put between 10 and 20% of your profits in silver, is quite reasonable, and he argues it quite well, but we have to bear in mind that he is an interested party.

Anyway, I've found it very interesting and educational, so I've subscribed to the channel.