Bitcoin Forum
June 20, 2019, 08:25:30 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2013-05-07 AdvancedTrading:Bitcoin Joins the Academy of Financial Market Bubbles  (Read 507 times)
n8rwJeTt8TrrLKPa55eU
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
May 07, 2013, 11:06:52 PM
Last edit: May 07, 2013, 11:19:57 PM by n8rwJeTt8TrrLKPa55eU
 #1

As shallow as a shallow lake after a long drought.

Quote
Clearly, however, this is fundamentally a story of a bubble and speculation that there is no real efficacy yet to this currency. It is all posited on a future state where banks no longer work, governments have shut themselves down because of too much debt, and individuals are finally free to do business directly with one another. The price rise made no more sense than the price drop, which was precipitous when it happened. The most well-known of the investors who were hurt in the price collapse were the savvy, social network entrepreneurs — the Winklevoss twins.

http://www.advancedtrading.com/managingthedesk/bitcoin-joins-the-academy-of-other-finan/240154291
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!