The Bitcoin bubble – Greater fool theory
economist.com
The Bitcoin bubble – Greater fool theory
1–10 of 161 posts
Re: The Bitcoin bubble – Greater fool theory
#2I'm here for the shit posting.
Re: The Bitcoin bubble – Greater fool theory
#3Is there a non-paywall version?
Re: The Bitcoin bubble – Greater fool theory
#4Famous NYU valuation professor on how to value bitcoin:
http://aswathdamodaran.blogspot.com/2017/10/the-bitcoin-boom...
Re: The Bitcoin bubble – Greater fool theory
#5Non-Paywall version (archive.is)
Re: The Bitcoin bubble – Greater fool theory
#6I'm here for the shit posting.
Not funny — the web already has more than we needed
Re: The Bitcoin bubble – Greater fool theory
#7Is there a non-paywall version?
I didn't get a paywall - maybe try a clean browser? Unless the last sentence is not "When the crash comes, and it cannot be too far away, it will be dramatic." But up to that point the article is weak, and these last words are lame. Bitcoin price increase is embedded into it, since it has limited supply by design. It will crash and burn when most of its participants quit it - which for now is unlikely. The fact that the price is so high is no indication it will crash and burn - only that the price will go down, and then, at some point, back up again.
Re: The Bitcoin bubble – Greater fool theory
#8Is there a non-paywall version?
Use incognito mode and you should be able to read it.
Re: The Bitcoin bubble – Greater fool theory
#9The article is perfectly right when it describe what drives the current Bitcoin craze and its insane valuation but the conclusion is frankly a bit lazy:
>When the crash comes, and it cannot be too far away, it will be dramatic.
People have been saying that Bitcoin was going to crash for years now. And it has, multiple times, but always recovered so far. Seems like there's no shortage of "fools" willing to pump the currency even if for the most part they probably don't completely understand what it is, what it does and how it works.