One of the largest American banks, Goldman Sachs, has published a research report claiming that Bitcoin Bubble is bigger than the Dutch tulip mania. What are other Goldman Sachs Bitcoin Bubble Warning Details?
Goldman Sachs has stated that Bitcoin is a bubble that is larger than the Dutch tulipemania and dot-com era. The bank has published a research letter in which it has warned of the rise in crypto prices.
Goldman Sachs Bitcoin Bubble Warning
“We think the concept of a digital currency that leverages blockchain technology is viable given the benefits it could provide: ease of execution globally, lower transaction costs, reduction of corruption since all transactions could be traced, the safety of ownership, and so on. But bitcoin does not provide any of these key advantages.”
The Goldman Sachs Bitcoin Bubble warning report also stresses another issue of this cryptocurrency. The analysts talk about the high transaction costs. In spite of the inflation of Bitcoin and altcoins, there is no risk that they will be affecting the US or any other global economy.
Read more: atozforex.com
The best lesson from my experience when dealing with such a squid as GS:
Always do the opposite to their advice (available for general public)! Always!... They recommend shorting when it is time to go long and vice versa. Tested it during last 10 years on US stocks and Commodities.
Do not think they are too "low-brained", but their strategy might be just to bet against the crowd!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think they still dont realise whats happening or dont want to believe it. Bitcoin and Crypto currency is the FUTURE
Slowly they will accept the reality. It can be surprising :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agree
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Honestly, I have to say that in my opinion Goldmann Sachs is in a way correct. Bitcoin is outdated and doesn't provide any advantages. It's like a dinosaur. And I can't understand why the better new cryptos still are linked to bitcoin regarding their up and downs.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agree
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Obviously, the OG people involved in Cryptocurrency know exactly what are they saying.
I think they are trying to decrease this massive inflow of newcomers into cryptocurrency.
Maybe they are just trying to hold the price down until the government gives them the green light to buy in.
Banks trying to protect us what a joke!.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think they are undervaluing the bitcoin and the blockchain
They should conduct research on how to use it
Not how to say it is scam
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Blockchain technology will put them out of business.
Of course they want to create panic and say it's a scam.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agree
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It doesn't seem to me as it is a bubble. There is tons or trading going on which will keep bitcoin up on the charts even after the recent drop. But the FUD is normal is these markets.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think they are underestimating the bitcoin and the blockchain
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for your informative post. What do you think about Bitcoin? Many people thinks that the counties (Korea, America etc.) try to suppress bitcoin and altcoins.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received gratitude of 3.51 % from @appreciator thanks to: @tradewonk.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I will not miss it @tradewonk
Help me upvote pls
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Informative post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Chamo, que bueno este tipo de publicaciones, me gusta mucho leer sobre estos temas. Pasa por mi blog y apoyame porfa! https://steemit.com/love/@caropaez/palabras-de-enamorado vota por la mia tambien porfavor! Y gracias
https://steemit.com/amor/@caropaez/15-dias-de-prueba
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Chamo, que bueno este tipo de publicaciones, me gusta mucho leer sobre estos temas. Pasa por mi blog y apoyame porfa! https://steemit.com/love/@caropaez/palabras-de-enamorado vota por la mia tambien porfavor! Y gracias
https://steemit.com/amor/@caropaez/15-dias-de-prueba
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wait a minute, Goldman Sachs declare a crypto is a bubble comparing it to Tulip Mania when a week later it turns out they are heavily invested in crypto trading companies and spurious ICOs like Tezos . CCN has an article declaring that Goldman Sachs already owns a crypto trading desk(
https://www.ccn.com/goldman-sachs-isnt-launching-a-bitcoin-trading-desk-because-it-already-owns-one/
Ironic that these are the people keeping the price of my crypto holdings down and only a week later it emerges they were investing in crypto themselves. Well thank you Goldman Sachs . Either that was slightly Kafkaesque or they suffer from crypto confusion
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit