Quote from: k1ng0fBTC on July 11, 2018, 09:48:48 AM

Quote from: Swanh on July 08, 2018, 01:45:24 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.

It will probably always depend on the fact if a good/commodity will have any use after a bubble burst.The enormous attention that bitcoin has received through the building up of the bubble may have encouraged innovations.If however BTC and cryptosin general will be abandoned after a real burst of the bubble all the infrastructure and innovation may arguably be useless.

The bubble has been blown in the air. Now the price is normal and increasing according to the market cap. I dont know why Jamie Dimon and people like him are against him. I believe in blockchain technology and bitcoin is backed by blockchain. So it is not possible that bitcoin is totally bubble and investors are just wasting their time and money.

You're quite right mate, If bitcoin Is bubble, why Its till alive? And consistently remain stable market between $6000 $7000. Mostly who says bitcoin Is a bubble are those who critizie bitcoin and they dont have nothing to do just making a fake news In order bitcoin price to fall.