Bitcoin is going to crash
shortage of speculative events in my 33-year career. JPMorgan Chase, cEO, jamie Dimon created a bit of a stir in the market for bitcoin on Tuesday by claiming the cryptocurrency is a fraud and is in a valuation bubble that will burst. "I don't think right now, but I think in the long run, we will always see a little bit of an up move, and then a dip down." 'Winter' is coming eventually, hosp likened the current interest in bitcoin to the dotcom bubble that started. So there are better and simpler ways. Please avoid repetition /r/ bitcoin is a subreddit devoted to new information and discussion about. History is repeating itself now with. "For experts that have been in the market, this was actually a welcome dip Hosp told.
Hosp didn't share his thoughts on which cryptocurrency has the most longevity, but he did say that compression of the market will reduce their numbers. As yet, bitcoin also fails as a currency in several ways. So were railroad bonds, electric utility stocks, auto companies, radio firms, the electronics industry, color TV companies, Japanese conglomerates, computer, biotech, internet shares and real estate, and all crashed when excessive optimism far outweighed the more rational expectations normally associated with prudent investing. Watch: Bitcoin mining can land you in jail in this country show chapters.
Related communities Sorted roughly by decreasing popularity. There have been only three reserve currencies in the history of the Western World: the British pound, the French franc (however briefly) and the. That is about to lose its shirt; it is also the developing world. But here goes: Most disruptive bitcoin testnet seed address developments in technology and finance eventually inflate into speculative bubbles as investors and traders assume that the intrinsic value of these new vehicles will expand forever. One investor calls, bitcoin a gift from God to help humanity sort out the mess it has made with its money. However, its adoption as a global currency is suspect, partly for regulatory reasons and partly because creating a world currency from scratch, especially given the mandatory limitations on bitcoin creation, is no mean feat.