Why’s it still so darn expensive then?
Because [a rapidly diminishing number of] people still believe that they have value.
Bitcoin Was a Bubble and It Popped
11–20 of 105 posts
Re: Bitcoin Was a Bubble and It Popped
#12Why’s it still so darn expensive then?
Compared to what?
Re: Bitcoin Was a Bubble and It Popped
#13As it has done multiple times previously. I anxiously await reading why this time is "different", just like all the previous times.
This is the first pop that I’ve felt is likely to be the last. A lot of people got burnt and are unwilling to jump back in.
Re: Bitcoin Was a Bubble and It Popped
#14As it has done multiple times previously. I anxiously await reading why this time is "different", just like all the previous times.
Arguably, because this time it's 'mainstream' - with people pushing bitcoin as an investment for non-technical people.
Re: Bitcoin Was a Bubble and It Popped
#15Buy low, sell high.
Or buy low, sell lower.
You're just gambling.
Re: Bitcoin Was a Bubble and It Popped
#16As it has done multiple times previously. I anxiously await reading why this time is "different", just like all the previous times.
Because the previous times it wasn't being hyped in mainstream news and culture. The point where the guy on the elevator is taking about [bubble] is the point at which [bubble] is about to burst for real, because you've just about run out of new suckers to fuel it.
Re: Bitcoin Was a Bubble and It Popped
#17As it has done multiple times previously. I anxiously await reading why this time is "different", just like all the previous times.
This is the first pop that I’ve felt is likely to be the last. A lot of people got burnt and are unwilling to jump back in.
All of this has happened before, and all of this will happen again.
EDIT: and I stand by my claim.
Re: Bitcoin Was a Bubble and It Popped
#18Earlier quoted context omitted.
This is the first pop that I’ve felt is likely to be the last. A lot of people got burnt and are unwilling to jump back in.
All of this has happened before, and all of this will happen again. EDIT: and I stand by my claim.
How? Which investors are going to believe the next bubble isn't a bubble?
Re: Bitcoin Was a Bubble and It Popped
#19Earlier quoted context omitted.
This is the first pop that I’ve felt is likely to be the last. A lot of people got burnt and are unwilling to jump back in.
All of this has happened before, and all of this will happen again. EDIT: and I stand by my claim.
There's an important idea when it comes to investing:
"past performance is not indicative of future results"
So no, it's not a sure thing to "happen again" and leading people on like that is just not right. Stop that.
Edit: I don't care what "claim" you stand by.
Re: Bitcoin Was a Bubble and It Popped
#20Why’s it still so darn expensive then?
Venture investment in Blockchain went up in 2018. The median deal size increased over $1.0mm and the number of deals is also up. [1] Once the ecosystem of complements matures, Bitcoin's utilization is expected to increase. [2] The price of Bitcoin is driven by speculation that utilization of Bitcoin creates value. [3] [1] https://medium.com/@PanteraCapital/market-update-pantera-blo... [2] Crossing the Chasm, 3rd Edit…
Private blockchain seems to be crossing the chasm at a much better place. Bitcoin has yet to offer something of value to the mass market. My money is pretty much digital already, and I'm not really down with my transactions being out in the public. Perhaps another crypto currency will meet the needs of the major market, though I have a hunch the current financial institutions will get there first.