Re:Is Bitcoin a Bubble? Economists Say ‘Yes’
by camillomiller on Thursday December 14, 2017 @11:39AM
(#15923689)
Bitcoin might indeed be a bubble. But what about cryptocurrencies in general? I think that even these economist wouldn't be so sure if they'd been asked a broader question without pinpointing bitcoin.
[ Parent
| on HN ]
Re:Is Bitcoin a Bubble? Economists Say ‘Yes’
by codebolt on Thursday December 14, 2017 @12:06PM
(#15924024)
In the grander scheme, it seems plausible that there will be one or a few cryptocurrencies of the current era that will withstand the test of time and emerge with large-scale adoption rates in various markets. But with BitCoins technical limitations I really don't see it being a mainstream medium of trade one or two decades down the line. With that conclusion in mind, it seems inevitable that the BTC market will cool off eventually. And my I would never put my money into something that I don't believe in over the long term. I would be more interested in an ETF or other derivative that tracked the value of a basket of viable cryptos.
Re:Is Bitcoin a Bubble? Economists Say ‘Yes’
by monochromatic on Thursday December 14, 2017 @12:29PM
(#15924249)
Blockchain/cryptocurrency is going to be really useful and valuable. It would be an enormous coincidence if much of that value wound up being tied to bitcoin though.