Topic: ☃☃☃ The Bitcoin Dream ☃☃☃ - page 4. (Read 1488 times)
Bitcoin investors are betting on the possibility of Bitcoin replace fiat as the primary currency. Imagine being among the first people to discover gold and owning the world's most valuable asset.
Everyone is hoping that bitcoin will continue to rise in price indefinitely.
They look at the growth from $0.003 to $18000 and think that bitcoin is unstoppable
Is everyone buying into a dream that is too good to be true? How can bitcoin go up over 6 million times its original value without approaching a bubble? A $100 investment in 2010 would be worth $600,000 dollars! Where the heck does that "value" even come from. Bitcoin produces no revenues and provides no tangible assets. How can a $100 investment be worth $600,000 after 7 years? You can't just make $600k from scratch without there being losers involved. So who are the losers going to be when this wild ride is all done?
I think once the bubble bursts, people will get stuck with their worthless digital currency and the dream will finally come to an end.
People are investing with their heart, not their brains.
This feels exactly like the dot-com bubble. Yes crypto and specifically the block chain are incredible innovations, and that is what is fueling such massive excitement. When the smoke clears, reality is going to smack a lot of people in the face. Investors need to start thinking about exit strategies. A ton of money is going to be made on crypto - IN BOTH DIRECTIONS. Go ahead and keep riding the wave up, but start getting prepared to also ride the wave down. Billions will be made in 2018 or later off of SHORTING crypto. The current prices, especially bitcoin and the major alts, are just unrealistic.
#CryptoCrash2018
They look at the growth from $0.003 to $18000 and think that bitcoin is unstoppable
Is everyone buying into a dream that is too good to be true? How can bitcoin go up over 6 million times its original value without approaching a bubble? A $100 investment in 2010 would be worth $600,000 dollars! Where the heck does that "value" even come from. Bitcoin produces no revenues and provides no tangible assets. How can a $100 investment be worth $600,000 after 7 years? You can't just make $600k from scratch without there being losers involved. So who are the losers going to be when this wild ride is all done?
I think once the bubble bursts, people will get stuck with their worthless digital currency and the dream will finally come to an end.
People are investing with their heart, not their brains.
This feels exactly like the dot-com bubble. Yes crypto and specifically the block chain are incredible innovations, and that is what is fueling such massive excitement. When the smoke clears, reality is going to smack a lot of people in the face. Investors need to start thinking about exit strategies. A ton of money is going to be made on crypto - IN BOTH DIRECTIONS. Go ahead and keep riding the wave up, but start getting prepared to also ride the wave down. Billions will be made in 2018 or later off of SHORTING crypto. The current prices, especially bitcoin and the major alts, are just unrealistic.
#CryptoCrash2018
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