Bitcoin is a false truth, warns analyst

Another day, another expert predicts the doom of bitcoin.
 
It will eventually burst. If you, as an "investor" don't see that and plan for it, you are an idiot.
 
Analyst did not invest in Bitcoin is my guess. Not a good analyst to not have predicted it.:D
 
Cellphones are a false truth, we already have landlines and pay phones
The internet is a fad, we already have encyclopedias
Email, pfft, we have post office and fax machines
 
Newsfeed said:
Jean Pierre Verster, portfolio manager at Fairtree Capital, has warned that Bitcoin is in bubble territory and he will not invest in the cryptocurrency.
Click to expand...

So we can agree that he's super-salty then, right?
 
[video=youtube;FsnZZYUEwD0]https://www.youtube.com/watch?v=FsnZZYUEwD0[/video]

Bitcoin! AHAHAHAHA! :p
 
Im glad I bought a lot of coins back when it was a hundred rand or so each.

/goes off to make a huge Bitcoin bling necklace.
 
"The cost of generating more bitcoin vs electricity cost of generating them has gone out of whack, and is partly why the fork has happened"

Yea, no need to go on.

Also Koeks whats your reasoning for core ruining btc?
 
A few days ago, the value of all the bitcoins in the world blew past $1 billion for the first time ever. That’s an impressive achievement, for a purely virtual currency backed by no central bank or other authority. It’s also temporary: we’re in the middle of a bitcoin bubble right now, and it’s only a matter of time before the bubble bursts.
There are a couple of reasons why the bubble is sure to burst. The first is just that it’s a bubble, and any chart which looks like the one at the top of this post is bound to end in tears at some point. But there’s a deeper reason, too — which is that bitcoins are an uncomfortable combination of commodity and currency. The commodity value of bitcoins is rooted in their currency value, but the more of a commodity they become, the less useful they are as a currency.
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https://medium.com/@felixsalmon/the-bitcoin-bubble-and-the-future-of-currency-2b5ef79482cb

The above are the opening paragraphs of an article about the Bitcoin price bubble. It's from Apr 3, 2013.

Point is: Bitcoin's been accused of being in a bubble each time the price goes up and when the price drops because of profit taking, the analyst look smug and say "I told you so".
And then Bitcoin gets back up and rises to new records at which time the cycle repeats.

Even so, I still won't suggest moving your retirement savings into it.
 
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