https://www.forbes.com/sites/michaelkay/2017/12/05/waiting-for-the-stock-market-bubble-to-burst/
We hear saying "Bitcoin is a bubble" all the time from ad-hoc news on mainstream media.
They release them to attack Bitcoin, for making the price drop so that they take the chance to buy low, before the cryptocurrency boom of the decades to come.
But they always avoid admitting some facts that may debunk their fake propaganda: "traditional" assets are a giant bubble now. Way more than Bitcoin ( if it really is a bubble).
Think about
- real estate: it skyrocketed for decades, but it was all an artificially-made price. Now you are observing what is the real value of terrains and houses. We can say it did not drop, it just revelaved its real value , while the one it used to have was artificial.
Wanna smile a bit? Now we may enter a car-estate bubble because of that! https://boingboing.net/2017/12/29/working-maker-poor.html
- many tech stocks are overvalued now. It cannot go on like this forever.
https://seekingalpha.com/article/4129575-one-glaring-problem-apple-stock
https://investorplace.com/2017/08/heres-why-facebook-inc-fb-stock-remains-overvalued-ggsyn/
IMO they are going to plummet to a fair price , the only question is how long are they going to resist with the pump? They cannot sustain that for 10 more years for sure, it takes efforts from their part
We hear saying "Bitcoin is a bubble" all the time from ad-hoc news on mainstream media.
They release them to attack Bitcoin, for making the price drop so that they take the chance to buy low, before the cryptocurrency boom of the decades to come.
But they always avoid admitting some facts that may debunk their fake propaganda: "traditional" assets are a giant bubble now. Way more than Bitcoin ( if it really is a bubble).
Think about
- real estate: it skyrocketed for decades, but it was all an artificially-made price. Now you are observing what is the real value of terrains and houses. We can say it did not drop, it just revelaved its real value , while the one it used to have was artificial.
Wanna smile a bit? Now we may enter a car-estate bubble because of that! https://boingboing.net/2017/12/29/working-maker-poor.html
- many tech stocks are overvalued now. It cannot go on like this forever.
https://seekingalpha.com/article/4129575-one-glaring-problem-apple-stock
https://investorplace.com/2017/08/heres-why-facebook-inc-fb-stock-remains-overvalued-ggsyn/
IMO they are going to plummet to a fair price , the only question is how long are they going to resist with the pump? They cannot sustain that for 10 more years for sure, it takes efforts from their part
There may be a truth in what you say, but it is not right to look at everything as bubble. Does not it seem strange to you that bubbles are growing in price? If we go with your logic, the USD itself can even be a bubble. Do not be so cowardly, there is an end to everything already.
The point of my topic was to criticize their stupid propaganda against crypto only and nothing else.
They are only bashing Bitcoin, omitting that their own assets are worse.
They must stop calling Bitcoin a Tulip, and of course they never called their assets a tulip. Name a single time they did