Bitcoin about to Pop

Bitcoin about to Pop

Postby rainbow » Fri Dec 22, 2017 6:42 am

https://www.dailyfx.com/bitcoin

Bitcoin looks like it's heading towards a major crash. If it happens, crypto-millionaires will be hit hardest while governments move to regulate the cryptocurrency

http://www.wired.co.uk/article/what-hap ... ubble-pops
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Re: Bitcoin about to Pop

Postby JimC » Fri Dec 22, 2017 6:46 am

Will they be jumping from virtual skyscrapers?
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Re: Bitcoin about to Pop

Postby Hermit » Fri Dec 22, 2017 6:52 am

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Yeah, I know.
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Re: Bitcoin about to Pop

Postby Scot Dutchy » Fri Dec 22, 2017 7:08 am

I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.
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Re: Bitcoin about to Pop

Postby cronus » Fri Dec 22, 2017 7:17 am

Scot Dutchy wrote:I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.


It'll crash by 2/3rds and still be huge compared with a couple of years ago....when the dumb money is cleaned out folks will concentrate on the practical issue of making Bitcoin pay. How's the tulip industry doing these days? :coffee:
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Re: Bitcoin about to Pop

Postby rainbow » Fri Dec 22, 2017 7:18 am

It was $14100 when I posted this morning.
It is now $12735.
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Re: Bitcoin about to Pop

Postby Scot Dutchy » Fri Dec 22, 2017 7:47 am

cronus wrote:
Scot Dutchy wrote:I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.


It'll crash by 2/3rds and still be huge compared with a couple of years ago....when the dumb money is cleaned out folks will concentrate on the practical issue of making Bitcoin pay. How's the tulip industry doing these days? :coffee:


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Re: Bitcoin about to Pop

Postby Tyrannical » Fri Dec 22, 2017 7:48 am

I half expect bitcoin to just get outlawed one day, its a ponzi scheme more than a currency.
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Re: Bitcoin about to Pop

Postby pErvinalia » Fri Dec 22, 2017 9:31 am

cronus wrote:
Scot Dutchy wrote:I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.


It'll crash by 2/3rds and still be huge compared with a couple of years ago....when the dumb money is cleaned out folks will concentrate on the practical issue of making Bitcoin pay. How's the tulip industry doing these days? :coffee:


The smart money will move into a host of newer crypto currencies that do things infinitely faster and cheaper than bitcoin can.
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Re: Bitcoin about to Pop

Postby NineBerry » Fri Dec 22, 2017 9:48 am

pErvinalia wrote:
cronus wrote:
Scot Dutchy wrote:I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.


It'll crash by 2/3rds and still be huge compared with a couple of years ago....when the dumb money is cleaned out folks will concentrate on the practical issue of making Bitcoin pay. How's the tulip industry doing these days? :coffee:


The smart money will move into a host of newer crypto currencies that do things infinitely faster and cheaper than bitcoin can.


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Re: Bitcoin about to Pop

Postby pErvinalia » Fri Dec 22, 2017 12:53 pm

No, Bitcoin really is prehistoric compared to other newer cryptos. It would be like picking the model T Ford over a Tesla. Bitcoin could fix all this with what's called a "fork" (same concept as in programming), but apparently those with the most influence are a bit religious about Bitcoin staying pure.
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Re: Bitcoin about to Pop

Postby Brian Peacock » Fri Dec 22, 2017 1:13 pm

Can anyone fork me some shekels?
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Re: Bitcoin about to Pop

Postby pErvinalia » Fri Dec 22, 2017 2:05 pm

Fork off!
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Re: Bitcoin about to Pop

Postby pErvinalia » Fri Dec 22, 2017 2:22 pm

Funniest headline I saw on steemit about bitcoin:

Bitcoin crashes to prices not seen since... Just 2 weeks ago!
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Re: Bitcoin about to Pop

Postby laklak » Fri Dec 22, 2017 3:05 pm

I might have a punt if it drops far enough. Question is, how far is enough?
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