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Title: [2017-09-03] Bitcoin's nearly five-fold climb in 2017 looks very similar to tech Post by: sheld0n on September 03, 2017, 12:40:12 PM David Ader, chief macro strategist at Informa Financial Intelligence, shows how bitcoin's gains resemble that of the Nasdaq Telecommunications Index before the tech bubble burst. Bitcoin has gained nearly 400 percent this year, helped by increased interest from institutional investors.
However, digital currency expert Chris Burniske points out the market value of bitcoin is still a fraction of what stocks were during the dot-com boom. CNBC (https://www.cnbc.com/2017/08/31/bitcons-nearly-five-fold-climb-in-2017-looks-very-similar-to-tech-bubble-surge.html) Title: Re: [2017-09-03] Bitcoin's nearly five-fold climb in 2017 looks very similar to tech Post by: pitham1 on September 03, 2017, 12:57:21 PM David Ader, chief macro strategist at Informa Financial Intelligence, shows how bitcoin's gains resemble that of the Nasdaq Telecommunications Index before the tech bubble burst. Bitcoin has gained nearly 400 percent this year, helped by increased interest from institutional investors. However, digital currency expert Chris Burniske points out the market value of bitcoin is still a fraction of what stocks were during the dot-com boom. CNBC (https://www.cnbc.com/2017/08/31/bitcons-nearly-five-fold-climb-in-2017-looks-very-similar-to-tech-bubble-surge.html) You have got your dates wrong in the title of the post. This was published on 31-August, not today. Comparing Bitcoin to other bubbles (Tulip, Tech bubble, etc) seems to be the flavour of the season. Title: Re: [2017-09-03] Bitcoin's nearly five-fold climb in 2017 looks very similar to tech Post by: uslfd on September 03, 2017, 01:38:28 PM There is one big difference between tech bubble and bitcoin -- a huge amount of population participated in tech bubble. That's not the case for bitcoin.
Having said that, I might agree if we're talking about ICO market being a bubble. I think there are a lot of ICOs these days that look like pure scams. A lot of them are pump and dump coins we have to guard ourselves against... However when it comes to the oldest coins like BTC or LTC, I don't really think they're in a bubble. Title: Re: [2017-09-03] Bitcoin's nearly five-fold climb in 2017 looks very similar to tech Post by: Wekkel on September 03, 2017, 02:16:18 PM By Bitcoin's own historical standards, there is no bubble in sight yet: https://steemit.com/bitcoin/@wekkel/bitcoin-usd5-000-nope-still-no-2013-bubble-yet
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