Bitcoin FUD articles going into overdrive !!!
The amount of articles about Bitcoin being a bubble and it's going to pop any day now seem to have gone into over drive in the past month. I was reading an article on the Express's website (www.express.co.uk) about how the bubble was going to burst and a quick glance to the right showed the below 👇. Six articles about Bitcoin, not a single positive word to be said.
If I have to hear the words "Tulip Mania" one more time I will go mad. These so called experts just repeat the same stuff over and over again and 99% of what I read or see on news articles is so beyond wrong. One article explaining how Bitcoin worked said "When you make a purchase for Bitcoin, miners then decide if you are granted permission to buy Bitcoin once you have made a request"
Are these articles just signs of worry from the big banks and government or for the first time in history does everybody know that it's a bubble? As usually with bubbles either no one knows or a handful of insiders know, but the entire world now knows?
As usual thanks for listening
Happy Steeming Steemers and Steemettes.
Yeah we do not when it will burst but when it will be burst its crashes all the market too.
Do you think it's a bubble? Or not sure?
I am also thinking it as bubble but also thinking what will be happened if its market crash like 2008 stock exchanges :( Many companies will also be shutdown and whats happened to the investor amounts. WE also do not have any detail about who is the main manufacture of bitcoin. Am i right?
Sadly I do think we are now in a bubble, it just seems strange that "everybody" seems to know it (the above articles).
I think Wall Street never lose and they can easily pump the prices up ready to watch it crash to cash in on their futures contracts. It's just play money to them.
Yeah! you are saying truly and accurately , Bigger market trader can do any thing to gain more profit all lose will be turned on middle and lower class investor who brought all savings in their hands. Is not it?
Yes, I think you are correct.
https://bravenewcoin.com/news/the-bitcoin-bubble-pinpointing-where-bitcoin-is-among-the-four-phases/
I think it is working like this picture right now.
Do you read it??
reminiscent of Trump's coverage on network news
95% hostile
99% incorrect
Sadly though a lot of people believe it and these days most don't even read past the headline.
oddly enough...many times the headlines contradict the article.
True. I think we are in a bubble now, but then again it's hard to know because when "everyone" seems to know 100% we are, that seems odd to me.
I don't.
BitCoin is a NEW thing.
comparing it to OLD stuff is a mistake.
Wall Street is old though and they now have a very big reason to want to manipulate prices for gains on futures contracts.
old and senile.
Haha no arguments there :)
Do people think we are in a bubble? Personally I would sadly say we are.
that list of express articles couldn't aim any more to stop affluent middle aged people from liquidating their pension pots to buy bitcoin !! hilarious
fuelled by Corbynistas ? ! all those Jeremy Fans who work for JP Morgan and trade on the side in crypto. Hilarious!
THEY'RE SHITTING THEMSELVES>.. that is paraphrased directly from someone very high up at one of the world's biggest accountancy firms. They don't know what to do about it. they basically can't do anything.
crypto is a drop in the ocean so the major financial institutions don't take it seriously YET
Yeah they tick every box with those headlines in the fear department don't they. I think the thing that could have a massive impact and will make it look like it was a bubble from day one with be Wall Street, pumping the price up, ready to crash it to cash in on their futures contracts.
let's hope the future is with us on this ! I think if it all comes tumbling down.. the whole world will empty their piggy banks. and there will be no stopping it then !
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Haha love it.
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When I initially invested, I followed the sage wisdom of "Don't invest any more than you are willing to lose." Steemit has since helped me to recoup my initial investment, so I'm now looking at 100% profit, so my outlook is pretty chill.
My thinking is that the people that are getting rattled by the idea of a crash have invested more than they should have, or they wanted the get-rich-quick route, but just jumped in a little too late (like, 6 weeks too late).
I think there's a good chance that we are in somewhat of a bubble, but I don't think that the burst everyone is afraid of is going to be as massive and long-lasting as some of the major outlets are making it out to be.
Cryptos, to me, should be seen as a form of long term investment. Either you are using it as actual currency or, in my case, as an investment opportunity. While it has provided a lot of people to make a lot of money, no good investment can have fast turn around and be safe.
Considering the track record, if it does crash, I am confident that it will come back. Shoot, I'm so confident that it will come back eventually that I would probably take advantage of a crash to buy more. :)
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