Of course this old demented fuck is going to say this. Of course the establishment is going to say this...

Of course this old demented fuck is going to say this. Of course the establishment is going to say this. Of course they will try to get a grip on something that's been steadily growing while they were watching from the sidelines. Remember why you got into this shit. Remember all the times it has been called a bubble and the great names saying it. This is no fucking different. Cryptocurrency is the greatest revolution of our generation. 2018 will be a bumpier ride than 2017, which was steady gains for the most part, but hodl through this year and you'll be in a far better place than you are right now.

That dude is holding some huge bags under his eyes. This boomer can keep his stocks.

Lifetip:Always pay attention to what jews do, not what they say.

Especially Jewish nazis

Is he wrong? Bitcoin, and the whole crypto market, is a huge bubble.

then I hope you're not holding any. If you are, sell now.

The USD is in a typical bubble based on the misunderstanding that the US dollar isn't a worthless bank note indebted with a total $50 trillion

It's not a bubble and the reason why is blockchain is a revolutionary technology that will change everything we do in finance, business, commerce, and exchange.

Just because it's a bubble doesn't mean you can't make money. But come on, every literal shitcoin went x10 last month, how is that not a bubble?

Why doesn't he just die instead of replacing his internal organs with transplants from children sacrificed to moloch.

you underestimate how much time there was to get in 'early'. August 2017 was 'early', because it was before the flood of normies. If you were in around the beginning of 2017, there's almost no way you haven't gone x20, so that's pretty damn fucking early.

as for shitcoins, I agree to an extent. If a talented team can combine a valid product with their blockchain, it deserves value. Things like TRX and XVG were just born of greedy normies, because those became more valuable than they should've been, yes.

The fact that this proven jewish media manipulator is saying this just makes me want to hold even more

> “Normally when you have a parabolic curve, eventually it has a very sharp break,” Soros said Thursday. “But in this case, as long as you have dictatorships on the rise you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad.”

If you actually read it, he essentially says Bitcoin is a bubble that will never pop.

The reason it's a bubble, you dumb fuck, is because its market value exceeds its value as a viable currency. I mean, it goes up and up and up, then down and down and down, without regulation; it's not static at all.
What currency quadruples in value simply because of hype? It's unheard of.
Buy bitcoin at 2k, then sell at 11 k, and you've already more than quadrupled the spending power of the money you initially invested.

Cryptocurrency IS a misnomer, because it couldn't possibly function as a viable currency. It inflates at the rate of processing power/memory, or at the rate of someone's inflating wallet.

it inflates at a pre-determined rate, as specified in the software - this is assuming the coin in question has proper difficulty adjustment, of course, which not all do (bcash, btc to an extent), but hey, early days. A blockchain created today already does things 10x better than Bitcoin, hence the sometimes explosive growth. Of course most of this is speculation on future adoption and performance, but it's certainly not ungrounded in many cases. As for spending power, all these arguments would apply equally to particularly well-performing stocks, but you won't protest them as hard, I imagine. If you have crypto, get out. If you don't, stay salty and hope it goes down.

Shit this guys really looks like a blood drinking demon

Inflation isn't the problem.
Even in a gold standard, deflation was never the problem.

The problem is where the money goes in and where it leaves.
The people with the machines have the capital; they're the ones selling off their virtual monies, hence the money essentially comes from what they want to invest/buy.

If all the guys with the machines decide to buy a lot of anime and porn, then it the high demand will increase the supply, making anime and porn cheaper, with the cost of making everything else more relatively expensive; that's what inflation does.

so its a bubble

hes a pest rat

>alwaysdotheoppositeofwhatjewssay.jpg

mining is generally not very profitable outside countries where electricity is very cheap, so that's certainly not where (most of) the money has been going. Your anime argument is again, invalid, because it could apply to stocks or cars or anything that may be bought at one price and sold at another.

I was curious, but after that quote I'm absolutely not reading it.

typical salty nocoiner