Interesting article on crypto from Bloomberg
- Thread starter MisterF
- Start date
- Apr 25, 2011
- 19,849
- 28,315
Yea, I guess it has played out much like the .com bubble.
If it follows that trend in the long term then hopefully crypto will explode in a year or two once it turns from interesting but useless to boring but paramount.
If it follows that trend in the long term then hopefully crypto will explode in a year or two once it turns from interesting but useless to boring but paramount.
subster
Elite Member
- Apr 5, 2008
- 2,157
- 1,608
I don't say the content of this article is untrue, but neither do side it.
Truth is the valuation is sourced by the value the retail and institutional investors give to it.
The perception changes from time to time and, yeah sure, there have a been quite a boatload of shitcoins and tokens, out for a quick money grab. If people didn't flip hyped shitcoins from ICOs they need a huge amount of hope to recover their investment.
Let's see what the future brings, personally I hope for some kind of regulation to end this wild west.
Truth is the valuation is sourced by the value the retail and institutional investors give to it.
The perception changes from time to time and, yeah sure, there have a been quite a boatload of shitcoins and tokens, out for a quick money grab. If people didn't flip hyped shitcoins from ICOs they need a huge amount of hope to recover their investment.
Let's see what the future brings, personally I hope for some kind of regulation to end this wild west.
- Nov 16, 2011
- 19,791
- 11,285
Many tokens going zero is bloodbath for bitcoin. Isn't it good for bitcoin ?
ezine.writer
Power Member
- Jan 9, 2011
- 684
- 83
It will be up soon , very soon. The companies I work with have their own coins and they are still saying it will be up, There are people with Millions of $$$ tweaking with market , so we cant procrastinate .
dhoff
Newbie
- Jun 25, 2018
- 28
- 7
Hear hear.
For someone who really understands the financial, social and political implications of Bitcoin and other legit cryptocurrencies, it really hurts me to see so many shitcoins out there. All this money from the shitcoins will have to go somewhere else. Some people will cash out, some people will invest in the legit projects...
subster
Elite Member
- Apr 5, 2008
- 2,157
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More general assets like commodities, stocks, et. al are bleeding as well. Look at all these 'safe' ETFs. Big boys recently switched to art markets and real estate to overcome bear times
DaPromo
Regular Member
- Jan 10, 2017
- 328
- 168
Oh they are just some Bitcoin activists
https://www.bloomberg.com/view/arti...in-is-a-high-tech-dinosaur-soon-to-be-extinct
https://www.bloomberg.com/view/arti...xistential-threat-to-the-modern-liberal-state
https://www.bloomberg.com/view/articles/2013-08-08/did-the-sec-just-validate-bitcoin-no-
https://www.bloomberg.com/news/articles/2013-12-24/the-dollar-will-never-fall-to-bitcoin
https://www.bloomberg.com/view/arti...in-is-a-high-tech-dinosaur-soon-to-be-extinct
However since last year we suddenly see different kind of articles there. Who would have thought, they are no wizards who can predict the future?
https://www.bloomberg.com/view/articles/2018-01-31/bitcoin-is-the-new-gold
https://www.bloomberg.com/view/arti...e-bitcoin-now-think-back-to-internet-startups
https://www.bloomberg.com/view/articles/2017-12-11/what-s-the-value-of-bitcoin-who-knows
At this point we can conclude it's all speculations, from Tesco employees to wall street traders to bloomberg authors
subster
Elite Member
- Apr 5, 2008
- 2,157
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Well done, even bloomerg has no balls of crystal
It's OK, keep piling your money in. I'm sure in 3 years or so, everyone will have gone quiet with embarrassment.
DaPromo
Regular Member
- Jan 10, 2017
- 328
- 168
Maybe, perhaps. That's a possible outcome, but not the only.
I go by "only invest what you can afford to loose" and hope for the best.