/biz/ - Business & Finance

>>54526641
>There's no reason to believe that bitcoin will fall precipitously anytime soon.

There is no rhyme or reason in this highly irrational market so anything is possible although at this point with crypto-skepticism growing and regulations looming its more likely that BTC drops in price rather than rises.

BTC is propped up by the MASS DELUSION that it is inevitably headed for $100K and beyond on the strength of "muh fundamentals", which we all know here aren't actually very impressive.

So once a critical mass of investors realize BTC will not be delivering on its promises the divestment will begin and that will be that.

Something else that may well trigger the collapse is the next halving, price expectations are high based on previous halvings so if the next one fails to deliver (which is quite likely)......stand back lol

>>30422879
>BTC is a safe bet

Ehh....I wouldn't go that far. The concensus with non-maxipad experts is that Bitcoin is currently a speculative bubble that could continue inflating for quite a while yet but WILL eventually pop at some point.

>Bitcoin, along with other cryptocurrencies, has been described as an economic bubble by at least eight Nobel Memorial Prize in Economic Sciences laureates at various times, including Robert Shiller on 1 March 2014,[168] Joseph Stiglitz on 29 November 2017,[231] and Richard Thaler on 21 December 2017.[232][233]

>On 29 January 2018, a noted Keynesian economist Paul Krugman has described bitcoin as "a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology",[159] on 2 February 2018, professor Nouriel Roubini of New York University has called bitcoin the "mother of all bubbles",[234] and on 27 April 2018, a University of Chicago economist James Heckman has compared it to the 17th-century tulip mania.[233]

https://en.wikipedia.org/wiki/Bitcoin#As_a_speculative_bubble

AND because BTC has diminishing utility as currency due to congestion and high fees it is actually more like to go to zero than Monero, which can at least count on consistent darknet/underworld demand if everything else goes to shit.

Is this it? The butcorn finale that will forever remind people that hype is not valuable

>>29370240
endgame initiated

>>29136381
>network effect and institutional support.

That only goes so far, once it becomes glaringly obvious Bitcoin can't deliver what was promised it'll go the way of MySpace.

Its already failed to become "P2P electronic cash", now they're promising it'll become "digital gold."

This can't go on forever

>>28505680
you will be able to buy loads when it collapses and you baghold for literally forever

>>28448482
when bros

>>28387721
the people that will hang themselves couple years from now

Imagine the sound

Is this going the biggest bubble burst of the history of the universe?