Bitcoin bubble by Goldman Sachs - page 2.

Nerman

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Quote from: Regana on February 08, 2018, 10:52:18 AM

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.

Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

I am also agreeing that not all coins will survive i am pretty sure shit coins will die. The best coins will survive.

Now for the sentence that it will not follow bitcoins principle this people do not get it. Bitcoins principle are what make cryptocurrency attractive. Being decentralized and can not controlled or influenced is the main principle. I bet they hated that because they are used on controlling financial institutions.

Maxre

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Quote from: Regana on February 08, 2018, 10:52:18 AM

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.

Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

you can listen to what this stupid person says.
but do not let you be affected by it. it is clear at the beginning of the year it is like this happens a decrease in bitcoin in each year. and bitcoin will rise in the middle of the year so there's no need to worry about it.

hachiman13

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Didn't the bubble already explode? It went from 20k$-6k$—that's almost 70% decrease and now they're trying to inflate it again.

Bitcoin needs to continuously improve its tech to have "value" in society but more importantly, it needs to be accepted more by the people as they would be the one to use it. Popularity comes with innovation but sadly in this case, greediness takes over.

Regana

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I'm not spreading FUD by any means, I'm a firm believer of the cryptocurrencies however I just found something said by Goldman Sachs which actually made sense. Money is flowing unprecedentedly to Bitcoin and other cryptos which are not generating value at the same rate.

My point is that Bitcoin development should go somewhere, and if it doesn't then other cryptocurrency will take it's place naturally.

SHOP_

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Open eCommerce Protocol

It probably isn't outlandish to say that 90-99% of cryptocurrency related projects will fail, that is pretty much in line with normal startup failure rates. That said, Goldman Sachs definitely has vested interest in cryptoeconomies not eating into their share of the pie.

ChiBitCTy

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Quote from: Martinkuhn on February 08, 2018, 07:45:23 PM

of course we are in a bubble. There are many altcoins which have no place on the blockchain but there are here cos of the ICO fever.

I think many of these altcoins will go bust this year or next but the reliable coins especially those that are enabling the blockchain world like ETH or NEO will see their value go even higher as money from those altcoins, as mentioned, move to the reliable coins.

This is the future we ought to be looking forward to. When that happens, I would think crypto is already mainstream

I would be careful here a bit though. Ethereum runs on single layer which is not optimal for smart contracts. That's a big deal. I like coins such ADA more so because they work on 2 layers among other things. Personally if an Alt right now is simply a payments system for the world or a store of value..I'm not buying. I like stuff more along the lines of ADA and IOTA. Study this shit, and don't watch dumb people on youtube for gods sake.

terrific

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Quote from: BTC-Graphicdesigns on February 08, 2018, 10:57:06 AM

Don't believe the shit Goldman Sachs says and stop spreading FUD!

When he says encouragement about bitcoin, I'm believing with his words but now he's like someone who's not to be trusted anymore. Maybe next time he'll say that when bitcoin is pumping he will start apoligizing for his wrong analysis and term used for bitcoin.

ChiBitCTy

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You stated that the technology is not improving but it is clear you've not seen what the Lightning Network has already done for Bitcoin in the past couple weeks. Do you buy bitcoin because if so you may have noticed lower fees thanks to LN getting to work. Transaction times, while not perfect...much better. You've also got exchanges finally adding SegWit like Coinbase....FINALLY you scum bags.

Other coins looking to utilize Smart Contracts have made head way utilizing 2+ layers (unlike Ethereum) like ADA. Imagine the possibility of billions of people having financial services they've never dreamed they could before. The blockchain and smart contracts can make that happen. The blockchain will ALWAYS be able to be updated.

Goldman is trying to figure out how they can profit from this new tech that they are starting to realize is the revolutionary game changer that so many are starting to see too. Plenty of Goldman sach guys love the B coin. "So, are any of today's cryptocurrencies going to be an Amazon or a Google, or will they end up like many of the now-defunct search engines? Just because we are in a speculative bubble does not mean current prices can't increase for a handful of survivors," Strongin said.

EtherSpin

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Quote from: Regana on February 08, 2018, 10:52:18 AM

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.

Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

Today's cryptocurrencies are the fundamental to future cryptocurrencies and cryptocurrency companies. What we can't deny is that Gold is a bubble. But Bitcoin is nowhere near Gold's market cap.

Vladv26

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We cant know what is going to happen in the future and it is extremely hard to predict that. Bitcoin could survive another 100 years or it could die and go to 0 next year. We have to expect a everything, anytime and invest in cryptocurrencies only what we can lose. I dont know if it is a bubble but I do know that it survived for 10 years and still is doing pretty good

Martinkuhn

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0xf54CA5618b90810722B0e833DC150a97743A40B4

of course we are in a bubble. There are many altcoins which have no place on the blockchain but there are here cos of the ICO fever.

I think many of these altcoins will go bust this year or next but the reliable coins especially those that are enabling the blockchain world like ETH or NEO will see their value go even higher as money from those altcoins, as mentioned, move to the reliable coins.

This is the future we ought to be looking forward to. When that happens, I would think crypto is already mainstream

ecnalubma

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Quote from: Regana on February 08, 2018, 10:52:18 AM

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.

Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

Yes its a bubble I believe, you know whats funny it burst yearly and recover again. Bubble, ban, scam etc. whatever harsh words they used to describe bitcoin and crypto is just don't work, blockchain and crypto is the future we can't stop that from happening.

ExoticMotors

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Bitcoin is a bubble. Although it will prevail because it's a novelty. Bitcoin developers will work out any necessary issues while investors continue to purchase.

richminded

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Quote from: entemeister on February 08, 2018, 04:11:28 PM

So people still hear what goldman sachs say after what they did in 2008

Well, people should stop believing on a FUD because this topic discussed already years ago and yet bitcoin are still on a top. If you believe on bitcoin you will not waste your time reading on this kind of news and focus on having more holdings because bitcoin is too cheap right now.

Hazir

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1. Banks hate bitcoin, they hate everything that they cannot control this includes any form of the decentralized system.
2. Banks will spread FUD about Bitcoin because Bitcoin and current cryptos are their enemies!
3. What do you think is this 'future cryptocurrency' Goldman Sachs puppet is talking about? You guessed it right - a centralized private blockchain powered coins.

It is not a bubble if people will keep the faith in the system so don't weaver, don't allow banksters to manipulate you.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: Regana on February 08, 2018, 10:52:18 AM

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Wrong! We are improving. How much did it cost you to send a transaction in December and how much does it cost now? We have segwit, updated wallets, lightning in the end phase of development, and most importantly we have a much wider adoption. The economy is growing = the price is growing. There's no bubble!

Quote

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

Sure, they may go to 0 one day, but what he failed to mention is that it may take 20 or 30 years. At some point very little people will want to use cryptocurrencies, just like at the moment very little people use cash for huge transactions. You just don't see people walking around with bags of money when they are going to buy a house or a supercar.

godzillarekt007

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Floki Robot

Don't even wanna waste my time reading the report I just want you all to know one thing: who the source? Exactly the same money that is buying up Bitcoin in droves....coincidence? I thinks not...

hyadumadha

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When you already made the money system and have 99% of the world money supply, and suddenly one unknown person from nowhere pops up with the new system of economy and will ruin your fake systems, of course, what would you do is trying to spread the news to lead the people to hate that new systems. so lol gold sachs!

Prodigye

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If the bubble pops it may turn out to be a good thing because it will weed out the currencies with weak fundamentals, after the dotcom bubble only companies like Google prevailed.

maimainguyen05

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LOL. Maybe Goldman Sach are trying spreading FUD to make investors and traders nervous then make the price of Bitcoin dump to hell to give him a chance to buy Bitcoin at the lowest price ever like CEO of JPMorgan Chase did before

. Don't make people in this forum worry because of this shit anymore cause there are too much shit news like this and all of them are shit and untrustworthy

Topic: Bitcoin bubble by Goldman Sachs - page 2. (Read 329 times)