Last updated on November 3rd, 2017 at 05:53 pm
People are buying Bitcoin because they expect other people to buy it from them at a higher price; the definition of the greater fool theory. …When the crash comes, and it cannot be too far away, it will be dramatic.
Eulogy made by Buttonwood
Latest posts by Zsofia Elek (see all)
- Bitcoin is a bubble, no plans to short-sell: Japan Post Bank CIO – Reuters | $7,058.75 - November 16, 2017
- “Bitcoin Price Will Go To Zero As Bitcoin Will Struggle To Remain The Dominant Cryptocurrency” – Seeking Alpha | $6,598.05 - November 15, 2017
- “One of Asia’s largest banks says bitcoin is ‘a Ponzi scheme'” – CNBC | $6,354.90 - November 14, 2017