Could @wuqijun be right??
4 Likes
Thank you! I’ll take that credit when it does happen… 
Bitcoin will come back, raise further and finally crash. Cryptocurrencies will not die until they crash in 2019.
I think technically speaking it would be very hard for it to climb back to the 20k level. Confidence was already shattered after the descend to 11k. Even forum members like @RealEstatebull and @BAGB existed already.
nobody said there is “not a bubble”, There is. But during dotcom bubble,amazon was born. One of the “altcoins” will survive these times.
None will survive. Only few companies that successfully employed the technology will see their stock skyrocket to the moon.
like ripple?
take this: you’ll hear XRB more. I don’t have any, but the founder is the same guy that founded E-donkey back in my childhood, and also ripple.
They employed the tech and made it fast.
Ok yes, maybe we are in a new paradigm now… maybe these currencies can be treated as a form of “stock”, since the people who developed them likely own the vast majority of them.
However, the crash is real. We need to figure out which are the ones to buy and hold for the long term…
That is for sure.
What happened to bitcoin is short of crash, just a correction. Now, the growth will be slow but long growth curve will happen. Not only bitcoin, but lot of crypto currencies and block chain companies will come up. This may take an year from now.
I feel that crypto is going to new highs. Bought back GBTC. Maybe easier to play GBTC than the coins
2 Likes
Oh no…
Peter Thiel’s VC fund holds Bitcoin. Crash is years away. More and more serious investors may jump in. Institutions may increase buying in 2018.
https://www.coindesk.com/peter-thiel-claims-bitcoin-potential-change-world/
Thiel also believed China was in a big bubble back in 2003. Has China imploded yet??? It’s been 15 years…
1 Like
So Bitcoin still has 15 years of bull market?
My guess is that people can simply lack an understanding on new things. China’s capitalism was a new thing and people can’t understand. Bitcoin is even more different and even the Nobel prize winner can’t understand.
Wait… I think you read that wrong…