Re: Bitcoin bubble by Goldman Sachs

Quote from: BTC-Graphicdesigns on February 08, 2018, 02:57:06 PM

Quote from: Regana on February 08, 2018, 02:52:18 PM

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.

Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

Don't believe the shit Goldman Sachs says and stop spreading FUD!

You are right on the need for advancement in the bitcoin technology due to the fact that every true invention that has ever seen the light of day always try to develop above it initial level of development in other to meet up with current happenings and demands in the future so bitcoin also need such advancement in other for it not to crash some day or become unused and replaced by a more useful and advance option.