On the Looming Bitcoin Bubble

Re:On the Looming Bitcoin Bubble by jpkiser on Sunday May 12, 2019 @04:42PM (#19894440)

In no doubt are consumers expectations of cryptocurrency market adoption wildly over speculated but make believe? People who invest is cryptocurrencies are in essence shorting the current global financial system.

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Re:On the Looming Bitcoin Bubble by dmitriid on Monday May 13, 2019 @02:00AM (#19896701)

Short:

sell (stocks or other securities or commodities) in advance of acquiring them, with the aim of making a profit when the price falls.

——

In what way exactly is bitcoin helping to “short global financial system”?

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Re:On the Looming Bitcoin Bubble by arbol on Monday May 13, 2019 @04:23AM (#19897164)

Widespread "belief" in currencies other than those tied to national institutions leads to weakening of the nation state and therefore the current global financial system.

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Re:On the Looming Bitcoin Bubble by dmitriid on Monday May 13, 2019 @07:14AM (#19898040)

https://news.ycombinator.com/item?id=19896697

And yeah. No amount of belief can make bitcoin into a viable currency.

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Re:On the Looming Bitcoin Bubble by arbol on Thursday May 16, 2019 @05:36AM (#19927482)

https://www.forbes.com/sites/billybambrough/2019/05/15/a-u-s...

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Re:On the Looming Bitcoin Bubble by arbol on Monday May 13, 2019 @02:22PM (#19902179)

I wasn't referring to bitcoin in particular.

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Re:On the Looming Bitcoin Bubble by arbol on Monday May 13, 2019 @04:20AM (#19897158)

A cheap long shot that will pay out in the event of a gradual shift in attitudes.

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