Quote from: JollySkipper on January 17, 2018, 09:06:03 PM

Quote from: jaysabi on October 16, 2017, 01:54:36 AM

Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

Quote

In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.

There is no bubble, there are only technical problem which will make btc a shitcoin is do not get solved. I'm not a fan o btc because is an empty token, this is my main problem with it, but I'm not also a fan because it consumes huge amounts of energy for nothing

If we look at the bigger picture it's not a technical problem rather it is a well planned disaster by some investors or corporate by creating more supply and less demand to get the price the lowest as possible so that they can start again as a new investors and repeat the same thing when the value shoots up. If we stop panic selling this can be resolved.