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Bitcoin was a bubble and it popped

Posted by Daikree

Jan 08,  · Bitcoin was a classic bubble. And it popped. written by Abt Correspondent January 8, It seems like every asset bubble has a famous anecdote of someone claiming, right at the top, that a crash is impossible. In the end, the bitcoin bubble may have been a net good for society. The total amount of wealth involved — a few hundred. Yep, Bitcoin Was a Bubble. And It Popped. It seems like every asset bubble has a famous anecdote of someone claiming, right at the top, that a crash is impossible. In the stock-market bubble leading up to the Great Depression, it was economist Irving Fisher, who declared in the New York Times that stocks “have reached what looks like a. In the end, the Bitcoin bubble may have been a net good for society. The total amount of wealth involved — a few hundred billion dollars, spread out around the globe — was small compared to the s housing bubble or the s dot-com bubble, meaning the pain will be limited.

Bitcoin was a bubble and it popped

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Nor have critical technological flaws emerged — yes, the Bitcoin network has become congested, but this problem was anticipated well before the crash. It was this latter type of investor who got burned. How can regular, average investors avoid this fate? But there are two important strategies investors can use to limit their risk. But that story always had major holes. Second, cryptocurrency is an impressive new technology, but there are major technological limitations related to security and usability that have yet to be overcome.

Since nothing is a sure bet, regular investors need to stay diversified. The potential pain of a crash should far outweigh the fear of missing out. I myself lost money in the Bitcoin crash I still have my Bitcoins and have not sold. In the end, the Bitcoin bubble may have been a net good for society. The total amount of wealth involved — a few hundred billion dollars, spread out around the globe — was small compared to the s housing bubble or the s dot-com bubble, meaning the pain will be limited.

And the experience of such a classic, perfect financial bubble may be sufficient to teach the millennial generation what their forebears learned much more painfully — if something looks too good to be true, it usually is. Open Up India. Great Manager Awards. Markets Data. Market Moguls. Expert Views. Technicals Technical Chart Visualize Screener. Commodities Views News. Forex Forex News Currency Converter. More Sitemap Definitions. Font Size Abc Small. Abc Medium.

Abc Large. By Noah Smith It seems like every asset bubble has a famous anecdote of someone claiming, right at the top, that a crash is impossible. In and , many optimistic pronouncements by current National Economic Council Director Larry Kudlow turned out to be disastrously wrong. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain , or you did not cared enough to try.

Bubbles are mathematically impossible in this new paradigm. So are corrections and all else. Also, ETMarkets. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.

I still belive in Bitcoin as a Global Currency. Price crashed because Stupids wanted to be rich by investing in it. Deepak Sharma days ago. Believe me, Your knowledge on this subject is limited. Sci-tech Geek days ago.

OPINION: Yep, Bitcoin was a bubble. And it popped Bitcoin closing prices

Dec 20,  · No. Well, maybe but, while there’s plenty of evidence to suggest bitcoin’s bubble popped, I see some things going on that don’t fit the classic “bubble burst” pattern. Here’s the pattern you look for when trying to assess whether a bubble burst: Don’t . Dec 12,  · › Yep, Bitcoin was indeed a bubble and it popped. Yep, Bitcoin was indeed a bubble and it popped. SECTIONS. Yep, Bitcoin was indeed a bubble and it popped. Bloomberg Last Updated: Dec 12, , AM IST. In the great Bitcoin bubble . Jan 08,  · Bitcoin was a classic bubble. And it popped. written by Abt Correspondent January 8, It seems like every asset bubble has a famous anecdote of someone claiming, right at the top, that a crash is impossible. In the end, the bitcoin bubble may have been a net good for society. The total amount of wealth involved — a few hundred. Tags:Bitcoin piratpartiet, How many bitcoin will there ever be, Bitcoin miner hacken, Best bitcoin wallet for nepal, Hoe werkt bitcoin kopen

3 thoughts on “Bitcoin was a bubble and it popped

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