What do you think of this?
There have been so much news on bitcoin being a bubble and soon to pop.
Lets have a healthy discussion on bitcoin's pretend bubble.
Jamie Dimon, Here's Why You're Wrong About Bitcoin
Jamie Dimon has called Bitcoin "a fraud." While I agree that shady goings-on are happening in crypto and that, unfortunately, some speculators aren't doing enough due diligence, the idea that Bitcoin itself is a fraud again makes no sense, This refers to ICO's and it could also be market manipulations.
I will add this though It's not Satoshi Nakamoto. He/she/they completely stepped away from Bitcoin several years ago and hasn't even touched their coins. Again, if this is Satoshi's fraud, they're not making any money from it. And they certainly aren't in charge of Bitcoin anymore.
Bitcoin Closing... It is not a company
The idea that Bitcoin could be "closed" is ridiculous -- hilarious, even. Banks close Bitcoin will live on for a very very long time.
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they are just clowns. nothing will stop bitcoin
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Bankers call BTC a scam so the price drops, then the banks can load up on BTC
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Follow the actions, not the words. JPM buying.
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The bubble are the ICO's since 90% of them are promissing things that they can't really provide but they aren't responsible for any loss of money that their backers have put into the project.. no contract no nothing. So the "bubble" will pop once they start failing probably in a year or two and sure it probably will affect Bitcoin but actual cryptocurrencies will never die even if they go down in value for a certain amount of time.. and in 1-2 years the price might already be up to the moon.
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Never do what big investors say, do what they do, keep buying bitcoin till Jamie Diamond's JP Morgan Stanley stops buying his own dip.
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his company bought bitcoins!!
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Is bitcoin going to reach a peak tho? it cant just keep going up at such a rapid rate forever
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last coins are mined in 2040?? there about
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So far Bitcoin has recovered very quickly from every slap down!
The next big leg up can't be too far away?
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This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
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I thought this was pretty hilarious when I first read the article. People tend to lash out when they see their source of income/comfort/security threatened, and that's what this is. He can see where this is going, because he's heavily entrenched in the financial system and he knows how it works. He knows eventually bitcoin will overtake the conventional banking system, or he can see it as a possibility at least.
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The more users, the more money in it, the more it will continue to soar. I believe we can have big moves down still because of so many new investors in the game.
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Difficult for it to be a bubble and difficult to ban since it works over the decentralised internet.
Even countries like Russia and India are embracing the technology on a national level!
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