The difference between Tulips and Bitcoin:
- the total quantity of Tulips is not limited.
- Tulips can rot
- Tulips can not be used for transactions over large distances
- Tulips can't be divided into valuable fractions
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Btw. There are plants nowadays, that are a lot more expensive than these tulips in the 17th century, like I remember some type of a rose, that was sold for 5 mio USD a few years ago.
Comparing Bitcoin with the tulip mania is just a dull attempt to explain something , that has never happened before.
Topic: Mark Cuban's attack on Bitcoin (Read 1532 times)
Well to be fair I've never really understood why BTC keeps rising in price. At the end of the day it is designed to not be much than a USD or Euro right? So why has it 1000x its value in the last 5-7 years? Not being an expert myself, I'd say that looks a lot like a word I know that starts with b and rhymes with stubble
He says bitcoin is a religion just like gold. GOLD!
He is talking shit about gold and favoring stocks over PM's. This alone enough to invalidate the rest of his arguments. Anything comes and about to come out of him is nothing but shit. I bet he is one of those SNAP investors.
Wow, I guess I didn’t realize he hated gold too. I guess we should be taking this as a complement if he’s comparing Bitcoin to Gold He is talking shit about gold and favoring stocks over PM's. This alone enough to invalidate the rest of his arguments. Anything comes and about to come out of him is nothing but shit. I bet he is one of those SNAP investors.
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I am hearing this name for the first name,on further searching about him i really did not understand what significant contribution did he do anything regarding technology and if the price of bitcoin goes down simply because someone said something,then it is not fundamentally strong.
He says bitcoin is a religion just like gold. GOLD!
He is talking shit about gold and favoring stocks over PM's. This alone enough to invalidate the rest of his arguments. Anything comes and about to come out of him is nothing but shit. I bet he is one of those SNAP investors.
He is talking shit about gold and favoring stocks over PM's. This alone enough to invalidate the rest of his arguments. Anything comes and about to come out of him is nothing but shit. I bet he is one of those SNAP investors.
And a 44% annual increase for the next 10 years will give us $100,000 per BTC. The number of mined bitcoins qill be closed to 20 millions. That will give us a market cap of $2 Trillions.
Assume Apple stock price increase at 10% annually, after 10 years it will have $2T of market cap as well.
Assume Apple stock price increase at 10% annually, after 10 years it will have $2T of market cap as well.
Mark Cuban thinks it's a bubble. Clint Eastwood has an interesting opinion as well as I found in this article.
http://www.zerohedge.com/news/2017-06-06/clint-eastwoods-advice-bitcoin-speculation
http://www.zerohedge.com/news/2017-06-06/clint-eastwoods-advice-bitcoin-speculation
Clint Eastwood said "Go ahead, make my money!"
Based on the current price, if the price grows 55% annually for the next 3 years, the price will exceed $10,000.
Mark Cuban thinks it's a bubble. Clint Eastwood has an interesting opinion as well as I found in this article.
http://www.zerohedge.com/news/2017-06-06/clint-eastwoods-advice-bitcoin-speculation
http://www.zerohedge.com/news/2017-06-06/clint-eastwoods-advice-bitcoin-speculation
"Mark Cuban has attacked Bitcoin on Twitter, claiming it is not a currency, it is a bubble, and that the whole system of valuation concerning it is wrong. But is he right?"
https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/
His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think?
https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/
His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think?
He's right, of course. What he's missing, is that bitcoin and the rest of crypto are perfect speculative assets (by definition "bubbles") and that finance loves to gamble on speculative assets. That's why bitcoin has indeed a bright future - but not as a currency, but as the thing it has been doing since the beginning: a greater-fool game. There's still a world of greater fools to take. The whole gambling sector of speculative finance (the derivatives market cap) is 10 times the world economy (about 1.2 quadrillion dollars). This is the sector that crypto plays in, not "fiat money" (which is 100 times smaller).
The growth of Bitcoin hasn't even really begun yet. Like @dinofelis said by calling it a 'greater fools' game, it is true that a massive amount of the world population doesn't even have a clue about crypto yet... there is so much room for exponential growth left. The next few years the amount of people involved in crypto will be 5 to 10 times greater than it is now, maybe even more.
New article from MarketWatch.com.
Is bitcoin in a bubble? This metric suggests there’s more room to grow
http://www.marketwatch.com/story/is-bitcoin-in-a-bubble-this-metric-suggests-theres-more-room-to-grow-2017-06-08
A new P/E ratio approach.
Is bitcoin in a bubble? This metric suggests there’s more room to grow
http://www.marketwatch.com/story/is-bitcoin-in-a-bubble-this-metric-suggests-theres-more-room-to-grow-2017-06-08
A new P/E ratio approach.
"Mark Cuban has attacked Bitcoin on Twitter, claiming it is not a currency, it is a bubble, and that the whole system of valuation concerning it is wrong. But is he right?"
https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/
His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think?
https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/
His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think?
He's right, of course. What he's missing, is that bitcoin and the rest of crypto are perfect speculative assets (by definition "bubbles") and that finance loves to gamble on speculative assets. That's why bitcoin has indeed a bright future - but not as a currency, but as the thing it has been doing since the beginning: a greater-fool game. There's still a world of greater fools to take. The whole gambling sector of speculative finance (the derivatives market cap) is 10 times the world economy (about 1.2 quadrillion dollars). This is the sector that crypto plays in, not "fiat money" (which is 100 times smaller).
Mark Cuban is the typical arrogant rich asshole who thinks he knows everything about every subject and only he is right. Have you watched any
of the Shark Tank episodes? Read Robert Herjavec's book, The Will to Win and you will see the perfect gentleman and a good example of how a
rich person should be. {humble} .... Mark will never admit that he is wrong, because he is a know it all. I will never do business with people like
him. Robert Herjavec's opinion will mean something because he knows something about internet security.
https://en.wikipedia.org/wiki/Robert_Herjavec
of the Shark Tank episodes? Read Robert Herjavec's book, The Will to Win and you will see the perfect gentleman and a good example of how a
rich person should be. {humble} .... Mark will never admit that he is wrong, because he is a know it all. I will never do business with people like
him. Robert Herjavec's opinion will mean something because he knows something about internet security.
https://en.wikipedia.org/wiki/Robert_Herjavec
Analysts get paid to make predictions, not be right. There are millions of them out there who make money being wrong, so don't put a lot of faith in what any of them have to say... I have yet to find one that can do much better than random chance.
"Mark Cuban has attacked Bitcoin on Twitter, claiming it is not a currency, it is a bubble, and that the whole system of valuation concerning it is wrong. But is he right?"
https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/
His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think?
https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/
His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think?
What makes you think it is his comment specifically that caused bitcoins price to drop because a lot of popular people have repeated this line many times without it having an effect on the price. Perhaps it was just a coincidence.
I got that from different articles - I was just repeating what they think. But one thing you do need to know is that they did a time comparison by looking at the time the price started to drop and the time he made that comment.
Stupid people will be stupidly ignorant. How can this be a bubble when everywhere people care about it now and there have been plenty of countries adopting it now into their economy? I guess they are just destroying bitcoins name for their own personal gains. Just forget about that loser and keep on buying.
Since half of the people won't bother reading the article or tweets, I'll add them to this post:
Isn't he just talking about the recent price spike and saying that it's currently in a bubble?
He doesn't seem to be overly negative about Bitcoin if you read all of his tweets.
Quote
I think it’s in a bubble. I just don’t know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble
https://twitter.com/mcuban/status/872115728962510849
Anyone anywhere can buy a stock. #crypto is like gold. More religion than asset. Except of course gold makes nice jewelry. #crypto notsomuch
https://twitter.com/mcuban/status/872118709808226304
I’m not questioning value. I’m questioning valuation
https://twitter.com/mcuban/status/872128160908947456
I think blockchain is very valuable and will be at the core of most transactions in the future. Healthcare, finance etc all will use it
https://twitter.com/mcuban/status/872127670418583554
https://twitter.com/mcuban/status/872115728962510849
Anyone anywhere can buy a stock. #crypto is like gold. More religion than asset. Except of course gold makes nice jewelry. #crypto notsomuch
https://twitter.com/mcuban/status/872118709808226304
I’m not questioning value. I’m questioning valuation
https://twitter.com/mcuban/status/872128160908947456
I think blockchain is very valuable and will be at the core of most transactions in the future. Healthcare, finance etc all will use it
https://twitter.com/mcuban/status/872127670418583554
Isn't he just talking about the recent price spike and saying that it's currently in a bubble?
He doesn't seem to be overly negative about Bitcoin if you read all of his tweets.
He is most probably trolling.
Maybe he shorted Bitcoins too, hard to know.
If the comments were about stocks, there could be legal consequences, I think.
Maybe he shorted Bitcoins too, hard to know.
If the comments were about stocks, there could be legal consequences, I think.
A lot of famous figures with big weight the investing world nowadays use tweeter to pump and dump stocks, and now with crypto it's perfect since a lot of people in crypto, if not majority, are idiots that will believe anyone says in twitter.
And let's not forget, that bitcoin has a very small marketcap and can be manipulated easier than huge companies.
His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think?
Is that a fact or just an assumption? Anyway, it is high time Mark started leaking his wounds and stop spraying rubbish into the crypto atmosphere. However he wants to see it, we are all bubbling in a good way.
In a way I am almost happy to hear that, it reminds me that we’re legit. You see if nobody powerful is banning Bitcoin or criticizing it then it’s probably not doing well, but when they start you realize that it now has power.
You are very much on point mate. "Mark Cuban has attacked Bitcoin on Twitter, claiming it is not a currency, it is a bubble, and that the whole system of valuation concerning it is wrong. But is he right?"
https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/
His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think?
https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency/
His comment caused the Bitcoin price to drop before it hit $3000. He said Bitcoin's increasing price now is a bubble. What do you think?
Mark Cuban is entitled to his opinion on choosing a position after all we have seen and heard several things bitcoin has been likened to. While some have said its a ponzi scheme, others have said its an MLM irrespective of that, bitcoin is still waxing strong in the face of several challenges which I believe this will equally add to it. The issue at hand is what the majority believes it to be and that alone will make or mar bitcoin and not what an individual thinks.
He is most probably trolling.
Maybe he shorted Bitcoins too, hard to know.
If the comments were about stocks, there could be legal consequences, I think.
Maybe he shorted Bitcoins too, hard to know.
If the comments were about stocks, there could be legal consequences, I think.
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