Kargai Posted January 4, 2018 #1 Posted January 4, 2018 Jeremy Grantham is a well known investor who predicted the subprimes crash of 2007-2008 and the Internet bubble in 2000. Now he predict that Bitcoin is the next one on the list. "Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble." Source : https://www.cnbc.com/2018/01/04/investor-who-called-two-market-crashes-says-bitcoin-is-a-bubble.html "My favorite advice once again: Keep an eye on what the TVs at lunchtime eateries are showing. When most have talking heads yammering about Amazon, Tencent, and Bitcoin and not Patriot replays – just as late 1999 featured the latest in Pets.com – we are probably down to the last few months." Someone in the US to tell us if they still put Patriot replays on TV at lunch or not ?
barbaris Posted January 4, 2018 #2 Posted January 4, 2018 He is right sooner or later the bubble will burst. And it will be a big explosion. But only when? An interesting question for which there is no answer. Will we have time to make money or will we cry later.
Mateusz Posted January 4, 2018 #3 Posted January 4, 2018 If bitcoin goes down, 99% of alts goes down so I doubt it The wolf of wall street called bitcoin a scam and nothing happened;p
skillex Posted January 5, 2018 #4 Posted January 5, 2018 In my own opinion Bitcoin is a bubble too, the only thing that keeps the Bitcoins price hold still now is its because of its pioneering popularity to people that is still increasing since there are still a lot who doesnt know this and are still ignorant so first thing in their mind is only bitcoin and havent have idea yet of this following coins like ripple,litecoin or maybe ethereum. But if it reaches the limit where almost all population recognizes and realizes what bitcoin is and its very slow transactions then maybe this is the time the bubble will burst.
wilberthh Posted January 5, 2018 #5 Posted January 5, 2018 Bitcoin is no longer a bubble I think. It's in a very stable shape right now. The real bubble right now is TRON. Overhyped coin, the owner is like Asian McAfee. From 0.05$ to 0.25 $ in less than 2 days! Securing 6th position on coinmarketcap, was 16 before!
wry Posted January 6, 2018 #6 Posted January 6, 2018 It doesn't take much intelligence to graph Bitcoin's big run up and say bubble. Before a lot of mainstream investors where saying it was a Ponzi. I keep waiting for someone to do a serious valuation of Bitcoin. If it's a commodity, which seems like the way to model it, then its price should approach the highest marginal miner's cost to generate a BTC. When these people start to reference some meaningful analysis like that, rather than just superimposing prior graphs on Bitcoin's price history, it may really help us. Having said that, Bitcoin has gone up farther much faster than I thought it would.
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