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RE: Analyst Who Predicted 1987 Stock Market Crash Predicts Bear Market for Bitcoin and Altcoins

in #bitcoin7 years ago (edited)

Nope. I've got better data,and we will see large ups and downs, but a completely positive trend, and no bubble.
Sick of hearing bubble. There is NO BUBBLE until you can walk down the street, ask anyone 'do you have bitcoin' and until they say yes or no and not 'what are you talking about' we are NOT IN A BUBBLE.

Tulip mania is not even close to the same scenario, and cryptos are a global market, not TULIPS that rot. Also crypto penetration is less than 1%. Don't listen to anyone who talks on MSM. They are trying to get you not to invest before the system collapses.

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yep, I totally disagree with this guy,
1 the internet changes the landscape in which these things move and grow, looking at precedents is difficult because of this
2 blockchain is revolutionary and still very very unknown, the market feels huge to us in it, but 99% of people don't even know what a bitcoin is yet.

I can see the mainstream system collapsing though, but that would clear the way for btc and its crypto cousins

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