Many people are calling bitcoin a bubble, because it’s apparently overvalued. I’m comparing it to the two bubbles I know best, the dot com bubble and the housing bubble from 06. As far as I can tell, the dot com bubble burst because firms recklessly overspent and found that they were unable to achieve profitability. The housing bubble burst because people were unable to pay off their loans, which were overrated because of mortgage backed securities. Bitcoin is neither a reckless firm nor a person who will eventually be unable to pay back their loan. I understand the reason the bitcoin bubble would burst is because people realize it’s overvalued, so its value would be corrected (to a much lower amount), but what would initiate this correction? Just a bunch of people decide at once to sell? Investor fatigue or something?
With the well known issues that exchanges are having with completing transactions, customer service, verifying new accounts, accounts frozen, missing customer money, website going down, hacks, will this be the reason that the price of Bitcoin will come crashing down. I spoke with my bank today to verify that I can reverse a transfer to Coinbase, if I need to. I was told I can, but the phone rep also told me that he has had 3 calls in the last 24 hours about people having issues with Coinbase. This is just one person at the bank and he said some of his coworkers have also fielded calls about Coinbase. Without a stable exchange to effectively handle BTC trading, this has to weigh on the overall marketplace. In addition, if there is a significant intrusion into one of the major exchanges in the US or elsewhere and large amounts of BTC are lost, the ripple through the market could be substantial. Its happened before with Mt Gox and other exchanges this year alone. If people cannot trade without issue or even have access to their money, how can anyone deal confidently? Say what you will about Wall St, but people would never be unable to trade freely. Thoughts?
Prediction: Governments will collude to stage a mystery collapse of the internet to reinforce their currency & precious metals as a more stable investment than crypto currencies.. bursting the bitcoin bubble
When the TSLA bubble bursts, how will that effect bitcoin?
TSLA is up 350% is a matter of 4 months, Tesla currently is the largest automobile company in the world, now bigger than Ford, Toyota and Chevy combined. Whenever TSLA does go bear (or atleast a decent pullback), will interest in bitcoin return again? I have a theory that TSLA is stealing a lot of the spotlight away from bitcoin right now. I think the same types of traders who would be interested in bitcoin's volatility are right now occupied with TSLA.
It is July 6, 2020, and a bubble is indeed about to burst in the Bitcoin world. It is not the Bitcoin bubble, because Bitcoin is not a bubble. On the other hand, the anti-Bitcoin bubble is about to burst as I explain here in detail: "The Anti-Bitcoin Bubble Is About to Burst". We can see that the historical opponents of Bitcoin are changing positions one after the other. More and more institutional investors are now buying Bitcoin to hedge against the great monetary inflation that is currently taking place. Pragmatism is taking over the hatred of some towards Bitcoin. You can't fight the fastest horse in the race for profits indefinitely, in the words of macro investor Paul Tudor Jones. In a few months, the anti-Bitcoin bubble will have burst in my opinion. The fiercest opponents will have to face the facts: Bitcoin is here to stay! Footnotes The Anti-Bitcoin Bubble Is About to Burst Bitcoin Is the Fastest Horse in the Profits Race
Bursting The Bitcoin Bubble Like the miracle worker of Golaghat , the Bitcoin , a veritable goddess Lakshmi, promises to shower its followers with unlimited wealth. ‘Bitcoin’ has come to define a magical online currency that is rebellious enough to spook regulators and hip enough to appeal to the millennial generation. In sum, crypto is not over, though the Bitcoin bubble, having burst, may yet have more deflating to do. The bursting of bubbles has a long history in finance and economics. That means the making of those bubbles is equally long in history. We are in the midst of a Bitcoin bubble, and it’s bursting. Fast. The value of Bitcoin skyrocketed in 2017 by a phenomenal 2000% percent, stunning observers and creating a flurry of speculative investment. So far in 2018 its fall has been equally as dramatic, down 60% from the highs of December 2017. Some commentators have gone as far to call Bitcoin the biggest bubble of all time, eclipsing ... The Bitcoin Bubble Is Bursting – Here’s What You Need to Know What’s going on? Bitcoin and other major cryptocurrencies, including Ethereum, Litecoin and Ripple, are crashing hard in market value. “The wheels are coming off the bitcoin bandwagon,” one analyst told Business Insider. Bitcoin bears are saying it is a classic bubble bursting, and making dark remarks about the price going to zero. If they are right, then a lot of people stand to lose a lot of money.
The dramatic rise (and fall) in cryptocurrency prices over the past several months has sparked a debate about whether Bitcoin and its peers are overvalued. The key to determining fair value, says ... Here is this video we go in details of how you should be tackling the current state of bitcoin. Do you agree with the analysis ? Comment below. Here are some useful links: To view the charts go to ... Bitcoin is crashing! I wanted to share this information with you guys ASAP happy new years! Good luck to everyone and congratulations to those who made crypto gains in 2017!!! This is for all the ... Did the bubble in Bitcoin just burst? If so, where do we go next and what are the impacts to the broader cryptocurrency space. We'll look at the charts and I'll share my views on why this is a ... FREE 5 Step Money Making Blueprint: http://www.ryanoscribner.com/start Follow Me On Instagram: @ryanscribnerofficial _____ Ready To Start Making Money Onli...