[2017-10-22] Tech Sector Called Amazon a Bubble; Bitcoin Sees Same Trend

[Karartma1]

Since 1997, for more than 20 years, the technology sector and so-called “analysts” have described Amazon, the $474 billion electronic commerce and cloud computing company, as a bubble. Analysts in the finance sector have treated Bitcoin in a similar way, since its launch in 2009.

https://twitter.com/BrentBeshore/status/920683424163254273/photo/1

As Adventur.es CEO Brent Beshore revealed, for more than two decades, analysts and investors in the finance and technology sectors have called Amazon a bubble and criticized the company’s business model. Today, Amazon is the largest electronic commerce conglomerate ahead of Alibaba, the Chinese e-commerce giant, and has also been competing in the traditional retail sector against Walmart, through the acquisition of Whole Foods earlier this year.

More @ https://www.cryptocoinsnews.com/tech-sector-called-amazon-a-bubble-since-1997-same-is-happening-with-bitcoin/

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[Iranus]

When skeptics say that BTC or Amazon "is" a bubble, what the rational ones mean is that it's in a bubble.

To claim that a successful asset or business cannot have bubbles is outrageous.  In fact, Amazon's stock price fell from above 100 to as low as 10 during the dotcom bubble.

It's subjective whether or not an asset or business is in a bubble, so people are going to keep creating articles arguing that they may be in a bubble.  Amazon being a massive business does not prevent it from being in a bubble, and considering that its price has risen unusually quickly over the last couple of years, it's quite deep into a bull market.

So just like how it will continue to be forever, there will be people inside the technology sector and analysts who predict that an asset or business is in a speculative bubble, and sometimes they are correct.  Your insistence that they are wrong may end up being incorrect just like they sometimes are.

[Kprawn]

Well, the tech is not the bubble.... the price might be the bubble. We are honest when we are saying that the Bitcoin price is

driven in many ways by speculators. The technology behind Bitcoin is solid and very innovative and something that can be

built on for the future.... the price on the other hand is something entirely different. A lot of investors are motivated by the

speculative possibilities and not the brilliant technology that are behind it. 

[richardsNY]

In most cases Bitcoin gets called a fraud or a bubble by those who deem themselves to be too late to join the party. I personally don't care what anyone thinks Bitcoin is, because they eventually will be proved wrong, which is something that is already happening. The only ever time that you can consider Bitcoin's market to be forming a bubble, was back in the year 2013 where MtGox almost single handedly made Bitcoin experience a massive boom, resulting in the ATH of nearly $1200 -- we all know what happened after that....

[Karartma1]

Let them talk.
I don't care about whatever they say anymore. If you got how bitcoin works there's nothing a journalist, an economist, a CEO could say to make me think that Bitcoin is a fraud, a bubble, a ponzi etc.
I know what bitcoin is.  

[okae]

We are living controversial times where even guys who don't like bitcoin are buying bitcoins. i'm pretty sure that all those intelligent guys who said all those bad things about bitcoin are just trying to get more and more bitcoins everyday, is a double game.

They can talk whatever they want, everybody know that bitcoin need some improvements, yes, but seems like something unstoppable for me, if someone call it a bubble is like a liar o someone who dont understand nothing about it. at least IMHO.