I've been smelling tulips since about 1999. The entire damn market is *way* overdue for a correction large enough to make 2008 look like a warm-up act.
The problem that I have with bitcoin is that it has nothing fungible you buy in real life at a stable bitcoin price. I wouldn't purchase any 'currency' with only a futures market priced in it. Bitcoin will crash badly, but I've been saying that for years. I've been wrong so far, maybe I'm missing the idea overall.
Wait if you want, expect the worst, you can even bet on in the market itself. Some of it at least will surely go wrong and regulation will improve over time or will learn to live it it. I'm bullish overall, but staying away from bitcoin as best as I can (for today).
Anyone else smelling Tulips? (Score:5, Insightful)
Re: (Score:3, Insightful)
I've been smelling tulips since about 1999. The entire damn market is *way* overdue for a correction large enough to make 2008 look like a warm-up act.
Re:Anyone else smelling Tulips? (Score:2)
Wait if you want, expect the worst, you can even bet on in the market itself. Some of it at least will surely go wrong and regulation will improve over time or will learn to live it it. I'm bullish overall, but staying away from bitcoin as best as I can (for today).