Kargai Posted February 11, 2018 #1 Posted February 11, 2018 I just read that interesting article on Forbes : https://www.forbes.com/sites/jayadkisson/2018/02/09/why-bitcoin-is-so-volatile Even if i don't agree on some key points and there is some inaccurencies in the article (where he don't focus at any moment on the technology behind cryptos) but that's still a nice read from someone outside the crypto market. For him the cryptocurrency bubble has only started to deflate, bitcoin has no fundamental price to fall back upon, there is rampant market manipulation and fraud In crypto, institutional investors are staying away (totally false like we already spoke about it here), the "store of value" theory has been exploded (again totally wrong), bitcoin is the purest speculation, etc. And we can't deny he's right on some point : Bitconnect and others were frauds, there is a lot of volatility, ... but this is what always happen when a new market appear and there is no regulations about it. That was the same with de Internet bubble, but Internet is still here and some big companies at the time have recover and rise more since that. It will be the same with the crypto market, i have no doubts about that What do you think ?
barbaris Posted February 11, 2018 #2 Posted February 11, 2018 I agree with you. As if he did not burst at all and did not pull the rest of the currency.
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