Bitcoin bubble 'just about to burst,' major money manager says

[target]

Blockchain had proved itself to be the best technology that government are trying to come up systems to use it. its been more than 5 years and its price tank to $19K. Yes last year bubbled up but they'd have to analyze it again when after 5 more years they'd see the price goes more than $30K. But then of course they still will look at it as bubble - everything is a bubble to them.

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[dothebeats]

I would really like to know how all those experts invest their own money. Apparently, they are negative on everything they don't know

Most of these so-called "experts" in their respective fields often find themselves being the laughing stock whenever bitcoin goes against what they've observed. Let's put it at this, if I'm an expert in trading eggs and the issue I'm talking about, or giving my "expertise" to is the market of lamb meat, which is essentially the same since they can be classified as livestock yet entirely different since the factors and forces affecting the markets of each are somewhat completely different. Now if I tell you, as an expert in trading eggs, that lamb meat are somewhat stupid to buy since, well, only the rich people can afford such, would you listen to me or try to deviate from my statements? Same goes for financial experts/stock market gurus giving their biased opinions in the cryptomarkets. They hit the spot when "legality" is the topic, but little do they know that the governments are slowly inching towards accepting and recognizing bitcoins and other cryptocurrencies as a new asset class by bringing in fair and just regulations (though not all of the countries do this, tbh, but still..)

[Lieldoryn]

It seems to me that bitcoin is not a bubble. But the problems started after the speculators on wall street got into the market with futures. They are able to easily manipulate the market and have billions of revolutions. It seems to me that futures this is a mistake. But we have a lifeline. This is the use of bitcoin as a currency. Perhaps this will allow bitcoins to get a more even distribution among people that will make prices more stable.

[1Referee]

I thought that the Bitcoin bubble would have bursted back in 2013 when it hit $100 for the first ever time. I can remember the 'experts' of the traditonal world stating that it wasn't possible to reach $100 firstly, and secondly, if it would reach $100 that directly would be its ultimate price from which it would never be able to recover again. Funny thing is that within the same year the price broke through $1000 as well. I think it's safe to say that as long as 'experts' keep speculating about Bitcoin's bubble that will burst, we have plenty of room for growth left. I would be more worried if all experts suddenly start to express their confidence in Bitcoin and directly admit that it isn't a bubble, lol. I can feel how bitter people are, let that bitterness burn inside them for plenty of more years.

[CryptoBry]

I fully agree that Bitcoin is a big bubble and it is in fact now bursting BUT one thing I love about Bitcoin is that the bubble keeps on resurrecting itself...and then the cycle will begin anew. And of course, later on we will hear the same analysts (maybe having different names) telling us that Bitcoin is a big bubble that is about to burst. This is again just a cycle and there will be many people in this world who will not get tired repeating the same story, the same warning and the same results...partly because they know that the news-hungry mainstream can be listening to them and at the end of the day these analysts would be enjoying the little fame and authority they created for themselves.

[sjefdeklerk]

Blockchain had proved itself to be the best technology that government a

You do realize the lack of scalability makes blockchain unusable for payment systems?

[pereira4]

The so called "bubble" already bursted, at $20k, and we already bottomed, at $5900. We may go lower? yeah who cares if you buy at $5900, $4000 or $3000, long term Bitcoin will be worth millions a coin so it's irrelevant.

This guy is yet another losser to add within bitcoinobituaries.com

[pitiflin]

Do we actually give a fuck about these analysts. They are specialized in stocks and not in cryptocurrencies. Even if bitcoin is supposedly a bubble, what is going to happen after that? Panic selling? As if that doesn't happen already. People stop using crypto? That's possible but this might not be the case for crypto. Bitcoin's price goes back to 1000$? Please. A year and a half ago it was the same. We'll get over it.

[sjefdeklerk]

long term Bitcoin will be worth millions a coin

Why do you believe that? I just don't see how a coin that only can process 14 tx/sec can ever be a success.

[bbc.reporter]

Do we actually give a fuck about these analysts. They are specialized in stocks and not in cryptocurrencies. Even if bitcoin is supposedly a bubble, what is going to happen after that? Panic selling? As if that doesn't happen already. People stop using crypto? That's possible but this might not be the case for crypto. Bitcoin's price goes back to 1000$? Please. A year and a half ago it was the same. We'll get over it.

Yes, I reckon we should. They have the experience in trading, the markets in general and may have also studied economics, banking and finance and behavioural finance. While we on the other hand are nothing but random people in the internet running our mouth like we know a lot about the markets.

[serjent05]

long term Bitcoin will be worth millions a coin

Why do you believe that? I just don't see how a coin that only can process 14 tx/sec can ever be a success.

Remember Bitcoini is just a code and the development is on its way.  Developers can solve this by addressing the scalability and even beat the coin that process the most every second.  That said, when all the flaws is fixed and FOMO kicks in, the  predicted price may happen.  It has finite supply and demand is growing.  And that fact cannot be changed.

[bitserve]

long term Bitcoin will be worth millions a coin

Why do you believe that? I just don't see how a coin that only can process 14 tx/sec can ever be a success.

You are right. That's why LN will mean the next big step making Bitcoin price grow orders of magnitude in tx bandwidth along with its price.

[magneto]

This current bubble has bursted, doesn't mean that BTC won't get pumped in the future.

The person here is literally just reciting what he is seeing, it's not a prediction. The crash already happened. There has been a 60% or so reduction in price since the all time high of bitcoin in December last year. If that's not a bubble bursting, I don't know what is.

Bitcoin will be useful well into the future, and people will start to find it as a real way to store their wealth.

I'm a long term believer in bitcoin. The current crash could go lower, but it won't affect how bitcoin performs long term, just like the 2013 bubble which everyone thought was the 'end of bitcoin'.

[greensheep]

long term Bitcoin will be worth millions a coin

Why do you believe that? I just don't see how a coin that only can process 14 tx/sec can ever be a success.

Better swap those shorts for longs, were you able to buy enough? ;-)

https://blog.lightning.engineering/announcement/2018/03/15/lnd-beta.html beta released
https://lightning.network/ - scalability -> millions of transactions per second

[p i e c e]

Blockchain had proved itself to be the best technology that government are trying to come up systems to use it. its been more than 5 years and its price tank to $19K. Yes last year bubbled up but they'd have to analyze it again when after 5 more years they'd see the price goes more than $30K. But then of course they still will look at it as bubble - everything is a bubble to them.

It will be very difficult to let this so-called bubble burst. I suppose that the wisest men understood that blockchain can change the life of everybody.

[sjefdeklerk]

You are right. That's why LN will mean the next big step making Bitcoin price grow orders of magnitude in tx bandwidth along with its price.

Haha, LN, that hippy idea you mean? That won't ever work: https://bitcointalk.org/index.php?topic=2792933.0

[bitserve]

You are right. That's why LN will mean the next big step making Bitcoin price grow orders of magnitude in tx bandwidth along with its price.

Haha, LN, that hippy idea you mean? That won't ever work: https://bitcointalk.org/index.php?topic=2792933.0

That summary you do there is full of errors and wrong assumptions. LN and other L2 additions are the future. If you don't believe me or don't get it, I don't have time to try to convince you, sorry

[pitiflin]

Do we actually give a fuck about these analysts. They are specialized in stocks and not in cryptocurrencies. Even if bitcoin is supposedly a bubble, what is going to happen after that? Panic selling? As if that doesn't happen already. People stop using crypto? That's possible but this might not be the case for crypto. Bitcoin's price goes back to 1000$? Please. A year and a half ago it was the same. We'll get over it.

Yes, I reckon we should. They have the experience in trading, the markets in general and may have also studied economics, banking and finance and behavioural finance. While we on the other hand are nothing but random people in the internet running our mouth like we know a lot about the markets.

Don't give me that crap(assuming its not sarcasm). Even a 12th grader has studied economics/finance/accountancy or whatever. Its basic commonsense that one should have. Crypto traders are not any less smarter than stock traders,only experience is a main difference.We are NOT random people. We are bitcoiners,we have our own badge of Honor. This forum clearly depicts that and its about time people realize it.
People are stupid but as time goes by,they'll learn.

[imapessimist]

I'm feeling this might be the time for an almighty crash.   Because it's looking more and more likely.  Recoveries are not good now.