Post
Topic
Board Economics
Re: Is Bitcoin a Bubble?
by
tanyeza123
on 10/08/2018, 05:30:17 UTC
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.
Everything must arrive at an end the inquiry is to what extent, however it doesn't have any significant bearing to Bitcoin. On the off chance that we keep pumping and pumping, at that point it blow and burst like rise, to keep from this to happen. we have to change the energy constantly, much the same as market revision and market swaying like waves, it is much the same as making a breathing example to manage for a more drawn out time frame. Since the starting bitcoin was a rise as indicated by the specialists.
On the off chance that you are an early players of bitcoin you will truly know whether it is bubble or not, once it will blast you won't lament bitcoin in light of the fact that you were there amid its ups and down like riding an exciting ride, a getting a charge out existing apart from everything else until its final gasp.