Some financial experts see
cryptocurrencies as a bubble that will eventually pop, while others still believe that they should be a part of everyone's investment portfolio.
Then there's Paul Singer who dismissed Bitcoin and other
cryptocurrencies as a bubble, scam, and fraud.
Many experts have called the stupendous rally in
the cryptocurrencies as a bubble.
In his argument, he said that referring to
cryptocurrencies as a bubble is being «shortsighted.»
Steemit Post: https://steemit.com/bitcoin/@cryptovestor/lightning-strikes-why-bitcoin-is-still-a-bubble As always, we're all looking for reasons why the market has fallen but I wanted to issue a key reminder that I (emphasis on I) still view Bitcoin and all other
cryptocurrencies as a bubble.
Not exact matches
To be clear, calling the
cryptocurrency market in a given month a hype - driven
bubble is not the same thing
as deriding the technology.
Friedman notes that leading investors such
as Ray Dalio, founder of investment firm Bridgewater, called Bitcoin a «
bubble,» while Jamie Dimon, CEO of JPMorgan, has criticized non-flat
cryptocurrency, which is currency not backed by a government.
A Bitcoin
bubble might be looming
as people look to get in
as the
cryptocurrency rises relative to the dollar.
As I noted above, I would not be surprised if the ongoing run - up in
cryptocurrency prices proves to be, well, a
bubble.
As with any new venture there was a learning curve and after a lot of reading about the value of
cryptocurrencies and whether they are in a
bubble, are a currency, have any real value, etc..
«The Smallest
Bubble I Know» Speaking to Bloomberg December 22
as Bitcoin continued a 30 % pullback to sub - $ 13,000 lows, Fundstrat Global Advisors» head of research said the biggest
cryptocurrency «had been following network value» for several years.
As competing
cryptocurrencies cropped up, so too did the analogies to the 1990s tech
bubble and bust.
But while some onlookers see bitcoin and other
cryptocurrencies as a massive financial
bubble, others say the bitcoin rally is just getting started.
While analysts have been calling Bitcoin a
bubble, a topic
as old
as the
cryptocurrency itself, others are blaming price fluctuations on uncertainty in regulations.
NEW YORK / LONDON (Reuters)- Bitcoin plunged by 30 percent to below $ 12,000 on Friday
as investors dumped the
cryptocurrency after its sharp rise to a peak close to $ 20,000 prompted warnings by experts of a
bubble.
There are also many that thought of the
cryptocurrency market
as a speculative
bubble, a gambling den of sorts where investors can make a killing or lose everything.
As a market analyst who is focused on
Cryptocurrencies, many people ask if the crypto - market is a
bubble.
Everyone who called Bitcoin and
cryptocurrencies a
bubble has been proven wrong, or are at least suffering losses, so far,
as the segment didn't look back...
The most popular
cryptocurrency, bitcoin, has surged more than 1000 %, but did so much faster than the
bubbles that took 10 years to inflate to this level,
as you can see in the chart below.
Editor's Note Editor's Note Last year may go down
as the year that
cryptocurrencies went from being a niche asset favored by a relatively small group of believers to a full, outright
bubble.
So long
as the banking / debt complex is not threatened, the worst you get is something like the deflation of the dot - com
bubble, and at present, I don't see what it threatened by that aside from
cryptocurrencies and the short volatility trade.
Newer and fresher
cryptocurrency rivals have sprung up, catering quite well for those who feel they «missed the boat»
as the Bitcoin
bubble expanded beyond their spending power.
Branding
cryptocurrencies as «an unfounded fad,» he compared it to those previous episodes,
as well
as other economic situations like the South Sea
Bubble from the 1700s.
At worst, the news outlet repeatedly paints Bitcoin
as a scam, fraud, Ponzi scheme or
bubble by continually running stories spelling disaster for the dominant
cryptocurrency.
Setbacks such
as over-regulation, or the
cryptocurrency «
bubble» bursting, could derail technological process.
Cryptocurrencies such
as Ripple and Bitcoin are showing signs of being a full - blown
bubble.
Roubini's outlook for Bitcoin is not new — the economist has been hammering the
cryptocurrency for years and has recently referred to Bitcoin
as «biggest
bubble in human history.»
The
cryptocurrency market is seen by some
as a
bubble with hugely inflated prices.
While the rationale for his decision makes sense, many in the crypto - community saw this
as an attempt to reap the rewards of an escalated coin price before the «
bubble bursts»,
as many
cryptocurrency critics claim will eventually occur.
As cryptocurrencies have become more popular, they have been praised as a technological innovation with revolutionary potential and derided as just another speculative bubble of doubtful underlying valu
As cryptocurrencies have become more popular, they have been praised
as a technological innovation with revolutionary potential and derided as just another speculative bubble of doubtful underlying valu
as a technological innovation with revolutionary potential and derided
as just another speculative bubble of doubtful underlying valu
as just another speculative
bubble of doubtful underlying value.
In general,
cryptocurrencies have recovered from their respective dips this week,
as fears of a
bubble appeared to abate slightly.
With bankers, politicians, and even mainstream media still labeling Bitcoin and
cryptocurrencies as «a
bubble,» «a Ponzi scheme,» «criminal,» and «fraudulent,» this move is another step towards mainstream acceptance for the industry in general.
Schiff, who predicted the 2008 mortgage crisis, famously referred to bitcoin
as digital fool's gold and compared the
cryptocurrency to the infamous
bubble in Beanie Babies.
Most
cryptocurrency prices temporarily plummeted this week after JPMorgan Chase CEO Jamie Dimon called bitcoin a fraudulent
bubble as rumors of regulatory crackdown circulated in China.
Some are viewing the
cryptocurrency bubble as a momentary phenomenon while others believe it to have long lasting impact on the global economy.
Bitcoin, the notoriously volatile
cryptocurrency is expected to continue in this trend, and financial experts are continually advising consumers to limit their involvement with bitcoin,
as sooner or later the
bubble may burst.
Ethereum fell to one - month lows on Wednesday,
as concerns over an ICO
bubble brought negative attention to the world's No. 2
cryptocurrency.
«Very little needs to happen before that
bubble might burst, such
as the introduction of more regulation or another hack of a major
cryptocurrency exchange,» Salami says, referring to the hacking of a high - profile digital currency exchange in Seoul, which went bankrupt in late December.
Although many experts still believe that Bitcoin, and the
cryptocurrency market
as a whole, may be in a
bubble state, Max Keiser believes that Bitcoin still has room to grow.
Renowned investor George Soros called
cryptocurrencies, such
as bitcoin, «a typical
bubble,» whereas Llew Claasen, the executive director of the Bitcoin Foundation, believes that the fall of bitcoin does not mean that
cryptocurrencies are speculations.
SEOUL (Reuters)-- South Korea said on Wednesday it may tax capital gains from
cryptocurrency trading
as global regulators worried about a
bubble, with Australia's central bank chief warning of a «speculative mania» that has seen the digital asset making rip - roaring gains.
The $ 26 billion investment fund founded by billionaire George Soros is preparing to dive into
cryptocurrency trading, even though Soros himself previously described them
as a «
bubble,» according to reports.
Over its relatively short lifespan Bitcoin has experienced many
bubbles and subsequent bursts, but its incredible resiliency over time,
as well
as its position
as the most accessible
cryptocurrency, make it a solid investment.
With some altcoins plummeting by 40 %, it seemed
as though the
bubble had finally burst;
cryptocurrency's heyday was through, and the Warren Buffetts of the world would have the last laugh.
Many
cryptocurrency experts have remarked such currencies
as «
bubble» due to their volatile nature.
Sharmin Mossavar - Rahmani, the CIO of Goldman, was reported
as saying that
as it stands,
cryptocurrencies are a
bubble.
As Bitcoin prices exploded to over $ 20,000 in some markets before tailing off this week, the question of whether or not the
cryptocurrency's notable growth is a
bubble has enveloped more and more sections of the global economy.
Even though lots of people refer to the
cryptocurrencies» grows
as to a bursting
bubble, the report proves that belief in the crypto sphere is strong.
In that sense, Pandl's description of the
cryptocurrency market
as a «classic speculative
bubble» could also be justified.
South Korea has been at the forefront of pushing for broad regulatory oversight of
cryptocurrency trading
as many locals, including students and housewives, jumped into a frenzied market despite warnings from policy makers around the world of a
bubble.