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follow Patrick 2017 Oct 12, 4:10pm
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Plus the people I'm starting to hear talk about bitcoin almost seals the deal for me that it's a bubble. Reminds me of people "getting into" real estate in 2004-06. There was no logical reason for some of those people to do it. When logic starts escaping larger amounts of people I see a bubble. Any way to short this? I'll search, but just wondering if anyone has a strategy if it's possible.
Bitcoin is 100% speculation. I'm sure you can short it, but whatever you do, it's a pure gamble.Being in a bubble does not indicate the top. No one knows how much a bubble can expand.
The pop in value seems to be a result of a rumor that Amazon will soon accept bitcoin:
The fact that China tries to ban Bitcoin exchanges tells you something.
Bitcoin, Litecoin and Ethereum will continue to go up. We are basically at the beginning.
Newbie123 saysThe fact that China tries to ban Bitcoin exchanges tells you something.yes it tells me soon other countries will also ban this ponzi scheme and bitcoin will go back to being $0.05/each.
Bitcoin has the same support as the Dollar fiat currency,ignorance & nothing.
I just don't get this irrational pricing or at least that's the appearance from my untrained eye