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.
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.
You can see that bitcoin is definitely a bubble, you can see that the market is fluctuating continuously and it is hard to guess, bitcoin prices are constantly adjusting and fluctuating very strongly, so I itn that time This point to being able to trade success is very difficult. I believe that bitcoin prices will continue to fall sharply until the end of 2018 and then prices of altcoin will fall very deep.