Bitcoin bubble by Goldman Sachs

[ChiBitCTy]

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

I would be careful here a bit though.  Ethereum runs on single layer which is not optimal for smart contracts. That's a big deal.  I like coins such ADA more so because they work on 2 layers among other things.  Personally if an Alt right now is simply a payments system for the world or a store of value..I'm not buying.  I like stuff more along the lines of ADA and IOTA.  Study this shit, and don't watch dumb people on youtube for gods sake.

[1714854664]

1714854664

[SHOP_]

It probably isn't outlandish to say that 90-99% of cryptocurrency related projects will fail, that is pretty much in line with normal startup failure rates. That said, Goldman Sachs definitely has vested interest in cryptoeconomies not eating into their share of the pie.

[Regana]

I'm not spreading FUD by any means, I'm a firm believer of the cryptocurrencies however I just found something said by Goldman Sachs which actually made sense. Money is flowing unprecedentedly to Bitcoin and other cryptos which are not generating value at the same rate.

My point is that Bitcoin development should go somewhere, and if it doesn't then other cryptocurrency will take it's place naturally.

[hachiman13]

Didn't the bubble already explode? It went from 20k$-6k$—that's almost 70% decrease and now they're trying to inflate it again.

Bitcoin needs to continuously improve its tech to have "value" in society but more importantly, it needs to be accepted more by the people as they would be the one to use it. Popularity comes with innovation but sadly in this case, greediness takes over.

[Maxre]

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/

you can listen to what this stupid person says.
but do not let you be affected by it. it is clear at the beginning of the year it is like this happens a decrease in bitcoin in each year. and bitcoin will rise in the middle of the year so there's no need to worry about it.

[Nerman]

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 am also agreeing that not all coins will survive i am pretty sure shit coins will die. The best coins will survive.

Now for the sentence that it will not follow bitcoins principle this people do not get it. Bitcoins principle are what make cryptocurrency attractive. Being decentralized and can not controlled or influenced is the main principle. I bet they hated that because they are used on controlling financial institutions.

[passwordnow]

Didn't the bubble already explode?

For the past years bitcoin has been treated as a bubble and now that the price went down through $20,000 down to $6,000 and that's considered a bubble, let's say they win on that argument. But they are not looking at the history of bitcoin that the same had happened when there are exchanges got hacked and due to that incident price of bitcoin plummeted. Goldman Sachs sucks, where he has been during these time or he is a paid troll just to say that thing?

[malikusama]

People who still believe bitcoin is a bubble either they are illiterate or they can't get in this business earlier and now spreading FUD to bring it down. Although the FUD damaged the reputation of bitcoin and other cryptocurrencies during the recent big downfall but don't worry it will be bounce back soon.
Comparing it with dotcom bubble is illogical, nothing common in cryptocurrencies and the dotcom bubble so Goldman needs to clarify his prediction or statement.

[Tharel]

He's meant to destroy cryptos' image and popularity. He's got nothing good to say about it so I suggest you just ignore his comment. He's doing it for a purpose, we never know probably he might do the same as what Morgan did.

[September11Myth]

Usually Goldman Sachs is not interested in "sharing informatiom" that they have. Usually Goldman Sachs is releasing information which is useful for promoting their agenda, whichever it is. So if now they are spreading FUD about the current cryptocurrencies, while suggesting that future cryptocurrencies will do better, it's everyone's guess which is their obvious own agenda

[miyaka26]

Here comes the bubble articles again, I will predict by next year more of them will voice out their speculation and articles that bitcoin is officially bubble and some cryptocurrencies will go for 0, for useless and scam coins they are welcome but for the coins like bitcoin, eth and so on I will call that statement a FUD, and then what if they will succeed this time? there will be a bitcoin bargain and party for them I'm pretty sure of that.

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

They forgot about that or they are not aware that the financial crisis happened after all.

[Kenapsi]

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 don't understand the part "technology isn't improving".

[JerryJam]

Golden Sachs is the primary broker in the financial market. So far, it avoids serious participation in the cryptocurrency market.The banking giant believes that the connection with cryptocurrency and blockchain potentially carries risks for business and calls it a bubble and does not plan to trade bitcoin directly. In the future, if customers are interested in this direction, the NGO will still develop it despite the risks.

[dothebeats]

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 don't understand the part "technology isn't improving".

Major development for bitcoin has halted and only minor improvements are being made so as to let other people know that they're still working on it... somehow. Frankly, I can see bitcoin being used on the same thing over and over again and no new fancy features should be added since other crypto can do just that. Mainly, bitcoin is used for exchange of value and as a form of payment, and it's just doing pretty well on that certain task. What needs to be improved though is scalability and other things that affect transaction confirmation times and the fees. Other than that, no fancy features is necessary.

Bitcoin doesn't need to change completely in order to be valuable. Fiat has been the same piece of paper and nickel for the past centuries yet people still value it even though it hasn't improved one bit (apart from digital transactions, of course). The reasoning of Goldman Sachs as to why bitcoin and other cryptos will flop isn't really a good one and they're just trying to divert all the attention coming to bitcoin into other assets/investments.

[terrific]

Funny on how did Goldman Sachs said that crypto's are going to be nearly zero until I saw this news.
https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-major-crypto-exchange-poloniex-idUSKCN1GA1N4

[AimHigh]

Goldman sachs is funny why they still saying that bitcoin is still bubble and think also in how many years that bitcoin exist you still thinking that it is bubble? From the value of hundred dollars to $20,000 and now which is $10,700 are you still believing that it is bubble oh come on after you earn a thousand dollar and one of my friend was not believing that bitcoin is bubble because he earn a thousand dollar so dont believe what they are saying that it is bubble but its not.

[CrazeCoinz]

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/

Every person can make his own statement whether it's a good or bad. The cryptoworld is now mature in dealing this kind of false statement even if that's from a well known persons and we are here to resist that kind of false statements. FUD are everywhere it's created to make the crypto prices lower and get their chances to buy it at cheap price. It's the same story that repeated every time the bitcoin price will get stronger. Nothing is new on bubble issue.  

[kier010]

coins that would go to zero are failed products i guess. we always see someone spreading FUD about bitcoin just to promote their choice of coin or maybe someone paid them or just want to manipulate. bitcoin is strong and many trust in it.

[joms07]

The US banking giant, Goldman Sachs, has stated that Bitcoin is a bubble that is bigger than the Dutch tulip mania and the dot-com era. The bank has published a research letter, where it has warned about the increase in the cryptocurrency prices.

[September11Myth]

Funny on how did Goldman Sachs said that crypto's are going to be nearly zero until I saw this news.
https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-major-crypto-exchange-poloniex-idUSKCN1GA1N4

Exactly! Their game is so obvious, LoL. We've come to the paradoxal point that Goldman Sachs speaking FUD about cryptos is in fact a good news because it means they are going to invest in it