Current Events > People who say bitcoin is going to burst

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frozenshock
12/07/17 6:14:04 PM
#1:


Is it just jealousy?


lol...
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Ilishe
12/07/17 6:15:41 PM
#2:


It's not and it is going to burst eventually, no stopping that.

But there's a lot of room for profit until it does.
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Volkswagen_Bros
12/07/17 6:16:20 PM
#3:


I sincerely can't wait until this bitcoin fad goes the way of the dinosaurs.
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Ballstopshere
12/07/17 6:17:43 PM
#4:


i think it might be burst-proof

when stocks drop or a currency its because of some disaster, product flop, or the economy going bad

how can bitcoin burst? the internet goes down? not happening

in fact any attacks on bitcoin might even raise the value in peoples eyes
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TheMarthKoopa
12/07/17 6:21:07 PM
#5:


Ballstopshere posted...
how can bitcoin burst?

When other, better, coins start being accepted everywhere and people realize Bitcoin is objectively the shittiest coin in every aspect. Everyone dumps their bitcoin elsewhere and abandons it
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Shmashed
12/07/17 6:22:09 PM
#6:


Ilishe posted...
It's not and it is going to burst eventually, no stopping that.

But there's a lot of room for profit until it does.


This. No one knows...it could get to $100k and then the bubble pops and it loses 80% of it's value to $20k. That would still be higher than it is now.
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Ballstopshere
12/07/17 6:24:48 PM
#7:


TheMarthKoopa posted...
Ballstopshere posted...
how can bitcoin burst?

When other, better, coins start being accepted everywhere and people realize Bitcoin is objectively the shittiest coin in every aspect. Everyone dumps their bitcoin elsewhere and abandons it

that might take forever, being the first is pretty valuable
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kyujo
12/07/17 6:25:23 PM
#8:


Feels like there's definitely a crash and lots of told-you-so's out somewhere in the future, but most of the people who keep harping on it seem like they're just jealous
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darkphoenix181
12/07/17 6:27:34 PM
#9:


if it keeps going up week after week

there will be too many buying it to make profit

this is what makes a bubble

the fact that people aren't using it for the intended purpose of being a currency, but rather just hording it to sell later when it goes up

so when the first person starts selling en mass, the value begins to drop

others respond to the drop by selling as well

which gets more to start selling

then it goes full panic mode as everyone tries to sell before it drops too much

and so there is no longer anyone who wants to buy

this is how a bubble bursts
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