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Author Topic: Bitcoin bubble by Goldman Sachs  (Read 182 times)
Regana
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February 08, 2018, 02:52:18 PM
 #1

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.


Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/
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February 08, 2018, 02:57:06 PM
 #2

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.


Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

Don't believe the shit Goldman Sachs says and stop spreading FUD!

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February 08, 2018, 03:00:52 PM
 #3

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.


Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

Sure yes, they are already preparing their own I guess. A private chain for their very private an shady deals. This is gonna be me not buying shit, starting with Ripple.

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February 08, 2018, 03:05:28 PM
 #4

Actually large financial companies tend to publish articles to manipulate public's opinion. I would not be surprised them buying bitcoins at low price  Wink
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February 08, 2018, 08:05:20 PM
 #5

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.


Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

I'm in agreement that many coins will go to zero, that's just the way it works, not every coin can succeed.

I disagree with your scenario, I don't think it will be a case of crypto disappearing and then re-emerging, it would just be a case of another crypto taking the place of bitcoin in time.

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February 08, 2018, 08:11:28 PM
 #6

So people still hear what goldman sachs say after what they did in 2008
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February 08, 2018, 08:47:40 PM
 #7

LOL. Maybe Goldman Sach are trying  spreading FUD to make investors and traders nervous then make the price of Bitcoin dump to hell to give him a chance to buy Bitcoin at the lowest price ever like CEO of JPMorgan Chase did before Smiley. Don't make people in this forum worry because of this shit anymore cause there are too much shit news like this and all of them are shit and untrustworthy

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February 08, 2018, 08:50:09 PM
 #8

If the bubble pops it may turn out to be a good thing because it will weed out the currencies with weak fundamentals, after the dotcom bubble only companies like Google prevailed.
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February 08, 2018, 09:32:15 PM
 #9

When you already made the money system and have 99% of the world money supply, and suddenly one unknown person from nowhere pops up with the new system of economy and will ruin your fake systems, of course, what would you do is trying to spread the news to lead the people to hate that new systems. so lol gold sachs!

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February 08, 2018, 10:02:32 PM
 #10

Don't even wanna waste my time reading the report I just want you all to know one thing: who the source? Exactly the same money that is buying up Bitcoin in droves....coincidence? I thinks not...

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February 08, 2018, 10:09:22 PM
 #11

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.
Wrong! We are improving. How much did it cost you to send a transaction in December and how much does it cost now? We have segwit, updated wallets, lightning in the end phase of development, and most importantly we have a much wider adoption. The economy is growing = the price is growing. There's no bubble!


Quote
Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

Sure, they may go to 0 one day, but what he failed to mention is that it may take 20 or 30 years. At some point very little people will want to use cryptocurrencies, just like at the moment very little people use cash for huge transactions. You just don't see people walking around with bags of money when they are going to buy a house or a supercar.
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February 08, 2018, 10:20:45 PM
 #12

1. Banks hate bitcoin, they hate everything that they cannot control this includes any form of the decentralized system.
2. Banks will spread FUD about Bitcoin because Bitcoin and current cryptos are their enemies!
3. What do you think is this 'future cryptocurrency' Goldman Sachs puppet is talking about? You guessed it right - a centralized private blockchain powered coins.

It is not a bubble if people will keep the faith in the system so don't weaver, don't allow banksters to manipulate you.


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February 08, 2018, 11:11:20 PM
 #13

So people still hear what goldman sachs say after what they did in 2008


Well, people should stop believing on a FUD because this topic discussed already years ago and yet bitcoin are still on a top. If you believe on bitcoin you will not waste  your time reading on this kind of news and focus on having more holdings because bitcoin is too cheap right now.

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February 08, 2018, 11:17:47 PM
 #14

Bitcoin is a bubble. Although it will prevail because it's a novelty. Bitcoin developers will work out any necessary issues while investors continue to purchase.
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February 08, 2018, 11:41:11 PM
 #15

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.


Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

Yes its a bubble I believe, you know whats funny it burst yearly and recover again. Bubble, ban, scam etc. whatever harsh words they used to describe bitcoin and crypto is just don't work, blockchain and crypto is the future we can't stop that from happening.

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Martinkuhn
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February 08, 2018, 11:45:23 PM
 #16

of course we are in a bubble. There are many altcoins which have no place on the blockchain but there are here cos of the ICO fever.

I think many of these altcoins will go bust this year or next but the reliable coins especially those that are enabling the blockchain world like ETH or NEO will see their value go even higher as money from those altcoins, as mentioned, move to the reliable coins.

This is the future we ought to be looking forward to. When that happens, I would think crypto is already mainstream

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February 08, 2018, 11:52:33 PM
 #17

We cant know what is going to happen in the future and it is extremely hard to predict that. Bitcoin could survive another 100 years or it could die and go to 0 next year. We have to expect a everything, anytime and invest in cryptocurrencies only what we can lose. I dont know if it is a bubble but I do know that it survived for 10 years and still is doing pretty good

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February 08, 2018, 11:55:32 PM
 #18

I know we wouldn't reach to Goldman Sachs for advise in cryptocurrencies, however we can't deny Bitcoin is on a bubble. We are inflating the bubble with huge sums of money while Bitcoin doesn't really change and improve it's technology at the same rate.

Goldman Sachs advisor says 'Today's Cryptocurrencies Will Go to Zero, But Stronger Digital Currencies May Still Emerge' and this time they can be right. And pretty much is okay to relate today's situation with dotcom bubble back in the 2000's.

I can see two ends for this, whether development becomes a priority and actual value and usefulness are created for the big cryptocurrencies we handle right now, or the bubble explodes. If it explodes then a new type of cryptocurrencies will emerge, although I don't believe these would follow Bitcoin principles.


Article: http://fortune.com/2018/02/07/bitcoin-price-usd-prediction-goldman-sachs-cryptocurrency/

Today's cryptocurrencies are the fundamental to future cryptocurrencies and cryptocurrency companies. What we can't deny is that Gold is a bubble. But Bitcoin is nowhere near Gold's market cap.
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February 09, 2018, 12:24:38 AM
 #19

You stated that the technology is not improving but it is clear you've not seen what the Lightning Network has already done for Bitcoin in the past couple weeks.  Do you buy bitcoin because if so you may have noticed lower fees thanks to LN getting to work.  Transaction times, while not perfect...much better.  You've also got exchanges finally adding SegWit like Coinbase....FINALLY you scum bags.  

Other coins looking to utilize Smart Contracts have made head way utilizing 2+ layers (unlike Ethereum) like ADA.  Imagine the possibility of billions of people having financial services they've never dreamed they could before.  The blockchain and smart contracts can make that happen.  The blockchain will ALWAYS be able to be updated.

Goldman is trying to figure out how they can profit from this new tech that they are starting to realize is the revolutionary game changer that so many are starting to see too.  Plenty of  Goldman sach guys love the B coin.  "So, are any of today's cryptocurrencies going to be an Amazon or a Google, or will they end up like many of the now-defunct search engines? Just because we are in a speculative bubble does not mean current prices can't increase for a handful of survivors," Strongin said.

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February 09, 2018, 12:45:56 AM
 #20

Don't believe the shit Goldman Sachs says and stop spreading FUD!
When he says encouragement about bitcoin, I'm believing with his words but now he's like someone who's not to be trusted anymore. Maybe next time he'll say that when bitcoin is pumping he will start apoligizing for his wrong analysis and term used for bitcoin.

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