There really is a revolutionary spirit amongst the guys that are building this.

[Meuh6879]

Source : http://www.zerohedge.com/news/2017-06-27/investing-legend-calls-cryptocurrencies-biggest-bubble-lifetime-there-catch

Novogratz says cryptocurrencies could be worth north of $5 trillion in five years -- if the industry can come out of the shadows.

    "The Nasdaq got to $5.4 trillion in 1999, why couldn’t it be as big?" the former hedge fund manager said in an interview, referring the Nasdaq Composite Index.

    "There's so much human capital and real money being poured into the space and we’re at the takeoff point."

So, Bitcoin ... it's people.
Well, after all ... P2P network, it's people.

Bitcoin is a P2P network.

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[European Central Bank]

the biggest bubble in his lifetime? was he born last year? the current bubble is chicken feed in global market terms.

[franky1]

just remember.
being in a bubble does not mean the tech/asset is vapour/not real... it just means the price is not being held up by anything but air.

EG the real estate bubble
real estate is real. houses/buildings are real and they have value, but the price(the speculative rise) was a bubble in the last 4 decades

so yea bitcoin has many more merchants, users and other things compared to 2009. so bitcoin is real and bitcoin has value. but that doesnt mean the price speculation is not a bubble.

saying that crypto can become $5trillion in 5 years is easy
make an altcoin with 5 trillion coins and sell just 1 for $1 and boom the market cap (the bubble) is $5trillion

[BitcoinBallerina]

Serious question... Why didn't global markets crash during the dot-com bubble, but the housing one almost caused a global financial depression?

[franky1]

Serious question... Why didn't global markets crash during the dot-com bubble, but the housing one almost caused a global financial depression?

because if you have shares in a .com all you lose is some investment.
bt in the housing. you get a knock at the door and a letter telling you to leave your house...
which is more depressing

however the "depression" is as over inflated buzz word as the bubble

i personally have no credit cards mortgages or other debt. i pay upfront for everything i own/use.
so the 'depression' has never hit me.

alot of the depression is just advertising for people to make more money from each other

[canvan]

Five years is much too early for the crypto market to reach 5 trillion dollars unless its forms a huge bubble. It still hasn't delivered many real world products. In comparison Nasdaq companies were involved in every part of the world as a part of every persons life already back in 1999.