follow Patrick following
follow Patrick 2017 Oct 12, 4:10pm
215 views 11 comments
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: