Post
Topic
Board Speculation
Re: Bitcoin bubble ?
by
illyiller
on 26/11/2017, 19:42:33 UTC
I’m hodling my bitcoin but a mentor of mine and this is not fud states things are positive but we are in a bubble. His words watch what happens in bitfinix. Any thoughts on what he is implying ?

Well yes, we are "in a bubble" if the 2013 rally was also a bubble. This isn't the traditional use of the word (it usually indicates a blow off top where price never returns to the highs again).

Bitfinex is a ticking time bomb, I agree. However, I suspect it will play out like MT Gox. In a bull market, the money keeps flowing in and everyone stays euphoric. It's after the top is in that we see who's swimming naked, so to speak.