Quote from: d5000 on November 30, 2017, 08:57:41 PM

Quote from: Coollikethat on November 30, 2017, 07:23:43 PM

So bitcoin is in a bubble at a market cap of $170 billion, but the unprecedented $500 trillion bubble in stocks, bonds, debt instruments and real estate is perfectly fine and no risk at all?

Many financial assets are currently in a bubble. That does not mean that Bitcoin is not in a bubble.

Do you know the real cost of a Bitcoin transaction? Hint: For now, it's almost 95% subsidized by miners because they still manage to make profit. But ... is this sustainable?

Bitcoin is huge, Bitcoin is the biggest innovation of the last two decades. But technically it's still in its infancy. If only every US citizen bought Bitcoin now and stored it in his/her wallet, do you know how long they would have to wait until everyone had his coins confirmed?*

(Because of this fact, I think that a second "Gox" is possible without problems, because 90% of all "investors" have their coins on exchanges, I'm sure.)

*about 1,5 years

You are so right. That is why i think sooner or later bitcoin will be supplanted by something else. Maybe Ethereum, maybe one of these ICO's that got hundreds of millions of dollar to work with. While they currently have their problems, Tezos is sitting on $500m in working capital and rising.