Is Bitcoin the Most Obvious Bubble Ever?

elavmunretea said:
Why isn't Amazon's stock in a bubble?
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amazon:
  • multi billion retailing platform with millions of buyers/sellers
  • one of the worlds leading server/ISP platforms
  • one of the worlds biggest streaming platforms
  • they have a 20 year track record
  • they launched their own hardware, which is market leading in terms of voice search and reading books
  • they just bought a super market chain out right
  • they handle their own logistics and created courier services, some of which are same day free delivery
  • they have a world wide warehouse system, one of the greatest ever
bitcoin
  • computers on a networld with no actual real life value (nothing physical)
  • no one knows who invented it
  • most people are interested in it purely because it's going up in value so much
when people get bored of it bitcoin will crash hard, the last part of the bubble cycle
 
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drogon said:
How many Bitcoin is a bubble threads do we need every week?
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2 a day, maybe it will drive down the price so I can buy some more and cash out in about 1 1/2 to 2 years.:D
 
If you don't think CryptoCurrency is the future, you haven't been paying attention. Will BTC continue to be the number one Crypto? Ehh.. Probably not. But if you aren't investing in Crypto, you'll regret it.
 
Just one Bitcoin question which is probably off topic... Can Bitcoin blockchain ever be hacked & destroyed? Why isn't the govt trying to hack/destroy it then?
 
Varys Erie said:
Just one Bitcoin question which is probably off topic... Can Bitcoin blockchain ever be hacked & destroyed? Why isn't the govt trying to hack/destroy it then?
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You could with 51% network overtake, if you had alien hardware, or at least quantum computers. Or shut down the internet.
 
djw1606 said:
I remember when BlackHatWorld used to be a marketing forum

Good times :cool:
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Can you blame people for wanting money without working?
Wasn't that the original thought of everyone who came to this forum once.
 
djw1606 said:
I remember when BlackHatWorld used to be a marketing forum

Good times :cool:
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I remember when everyone on BHW wasn't financial genius investors, and most of them were unemployed or working at Maccy D's. Think it was about March 15th 2017.
 
1Enigma said:
Me too.I may talk shit about it, but it’s not going anywhere any time soon like Vegas tokens the value may deflate. But, people are never going to stop using it for shady activities.
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it would be a mistake to use BTC for "shady" business. Its a misconception that it's truly anonymous.
 
Forget about the "Bubble" shit
Bitcoin will crash 100% guaranteed ill bet my life on it, the only question is when, and how hard.
I believe that when bad news hit, and they will hit (some government will ban it, or some CNN will advertise something like "BTC fees are way too high and everybody hate it now" ) itll be scary. real scary.
 
zionbar said:
Forget about the "Bubble" shit
Bitcoin will crash 100% guaranteed ill bet my life on it, the only question is when, and how hard.
I believe that when bad news hit, and they will hit (some government will ban it, or some CNN will advertise something like "BTC fees are way too high and everybody hate it now" ) itll be scary. real scary.
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No shit Sherlock. So it may crash after 20 years and meanwhile people to make millions out of it, but hey you are betting your life that will crash "someday". Damn. I can bet my life as well that Coca Cola will crash hard in the next 1 to 3 billion years.. Sue me if I am wrong.
 
MaxTucker said:
amazon:
  • multi billion retailing platform with millions of buyers/sellers
  • one of the worlds leading server/ISP platforms
  • one of the worlds biggest streaming platforms
  • they have a 20 year track record
  • they launched their own hardware, which is market leading in terms of voice search and reading books
  • they just bought a super market chain out right
  • they handle their own logistics and created courier services, some of which are same day free delivery
  • they have a world wide warehouse system, one of the greatest ever
bitcoin
  • computers on a networld with no actual real life value (nothing physical)
  • no one knows who invented it
  • most people are interested in it purely because it's going up in value so much
when people get bored of it bitcoin will crash hard, the last part of the bubble cycle
Click to expand...

You forgot to mention :

- Revolutionary technology
- Decentralized payments
- Anonymity
- No trust issues
- No Third-party Interruptions
- Purchases Are Not Taxed

Only way people get border of Bitcoin is if they stop doing profitable businesses, and would rather pay Taxes and large Fee`s instead using this system.
 
If bitcoin failed to establish itself as a medium of payment (like an alternative to Paypal) , it will be eventually drop t very low levels.
 
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