Anons, what do you think of the argument that Bitcoin is a speculative bubble and why?
Why is Bitcoin NOT a speculative Bubble?
Logan Diaz
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Elijah King
Lmfao IT IS
Nolan Russell
bitcoin may be but cryptocurrency is not because it's the first technology that can make gold redundant
Zachary Kelly
It's a speculative bubble that just might be unpoppable.
Chase Ortiz
Because of UNSUSTAINABLE GROWTH
Isaac Garcia
Its a store of wealth like a bank or gold.
And if you make an analogy of crypto being dot-com bubble then bitcoin is Amazon.
Crypto has had many pops, this is likely to continue. Amazon is going to accept it as payment in 2018, half your portfolio should be BTC.
Xavier Cruz
You mean BCH when it becomes Bitcoin.
Dont confuse the newfags.
Michael Barnes
It is a bubble and it will pop, but that doesn't mean it will die.
Zachary Turner
>buy my chink shitcoin bag
Jaxon Jackson
Fuck off
Carson Turner
This. Chink shills thesedays are disgusting heathens
Xavier Lee
Fuck your altcoin trash
Cameron Barnes
any investment that has not grown exponentially in fiat has not even broke even because the usd has lost purchasing power at exponential rate since 2000
Josiah Powell
Bubbles are only visible in hindsight. Are we in an automobile bubble this last hundred years?
Jason Jenkins
/thread
Jason Reed
pastebin.com
1. BITCOIN HAVE LIMITED QUANTITY, IN DIFFERENCE FROM TULIPS, DOLLARS AND Ethereum
2. GOLD EXACTLY SAME A PYRAMID SCHEME AS A BITCOIN BUT ALREADY ABSORB ALL IN
Jason Rodriguez
Simple
Every crypto is pegged to it.
Cryptofuture is fundamentally tied to it.
Once it goes down, the whole market will crash and burn along with it
Henry Nguyen
cars aren't a speculative asset
Jace Garcia
WHAT a retarded argument.
A car is a tangible valuable asset managed by actual cost of production / value / competition
And don't tell me mining is an actual cost of production when most whales own all Bitcoin and sit on it.
Andrew Myers
WHAT a retarded argument.
A car is a tangible valuable asset managed by actual cost of production / value / competition
And don't tell me mining is an actual cost of production when most whales own all Bitcoin and sit on it.
Carson Young
>when you post on Veeky Forums but don't realize ALL cryptos are just speculation bubbles
They are literally nothing, no backing, no intrinsic value, nothing.
Hudson Adams
WHAT a retarded argument.
A car is a tangible valuable asset managed by actual cost of production / value / competition
And don't tell me mining is an actual cost of production when most whales own all Bitcoin and sit on it.
Mason Baker
Because it's value is determined by "demand and supply" argument. This has no utility. People who are buying it are buying with the hope of getting rich.
Just like in old days. when shit stocks price were inflated artificially.
Zachary Powell
Bitcoin is a shitcoin and once it crashes for good we will all end up being poor NEETs for the rest of our lives since it drags the whole crypto space down with it
Tyler Russell
Fuck of with your centralised shit.
Bentley Fisher
im starting to think this as well