> It’s a good time to experience what a bubble looks like so you can detect one in the future...
Unfortunately predicting bubbles is nigh impossible. Bubbles can only be defined after they exist.
Unfortunately predicting bubbles is nigh impossible. Bubbles can only be defined after they exist.
Predicting the timing of a bubble bursting, OTOH, is hard, as is predicting the natural support level they will revert to.after bursting.
Has the cost of the thing separated from it's usefulness? (Bitcoin is too slow and expensive for transactions. It's too volatile to be a storage of worth.)
Does slapping unrelated products with it's name boost that products purely from branding?
New financial instrument backing the bubble? In this case we have the holy grail where the backing instrument is the thing itself! https://www.forbes.com/sites/investor/2017/05/31/cryptocurre...
Bubble Talk Cycle: Not talking about a bubble, discourse of a bubble, denying a bubble, seeing a bubble, late investors rushing into to get gains from the bubble.
Shoeshine boy: Everyone is excited about bitcoin, seeing the large numbers you start getting random people proffering as the next sure thing.
That's not what the parent said. They said "detect one".
"detect" != "identifies the potential"
no?