Updated almost 8 years ago on . Most recent reply
With Bitcoin, why do you need the stock market
“With Bitcoin, why do you need the stock market?’ has been the saying of late, “Doll says.
https://www.cnbc.com/2017/11/27/bitcoin-is-speculative-but-its-run-to-9600-is-amazing-bob-doll.html?recirc=taboolainternal
A Top Hedge Fund manager says Bitcoin could “easily” hit $40,000 by the end of 2018.
https://www.google.com/amp/amp.timeinc.net/fortune/2017/11/27/bitcoin-michael-novogratz-40000
Bitcoin was about $1000 at the beginning of year 2017. In less than 12 months, today, Bitcoin has raised more than 900% to about $9,700.
To me, this is super crazy, and I feel that it won’t end well.
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I could not agree more. The secrecy of bitcoin makes it perfect for market manipulation and pyramid schemes.
I think it should be rebranded from Bitcoin to Bubblecoin.