2018-Bitcoin

[peter77]

Bitcoin is a bubble like TTM ,which busted on turn of the century.

Similarly Bitcoin would burst in 2018.

 Peter77

[Situation]

Probably not until bitcoin hits its aim of 100,000.

[peter77]

We wait and see whether little knowledge or big hype up is right.Only the time will tell.

First of all there is going to be a financial crises next year.

 

 

Regards

 

 

Peter77

[peter77]

Go on dreaming . Let us see whether it would be 100000 or divide by 1000.

Regards

 

 

Peter77

[peter77]

You are quite right that there are only few people who owns Bitcoin. Most of these few people are mainly speculators.

This Techno Currency is not backed by any Authority and is also not backed by any tangible assets.

Yes if there is any financial crisis ,investors will go for Gold rather than Bitcoin.

Again there are many reasons for financial crises . The situation in North Korea, Middle-east,South China sea ,these are are flash points and situation can deteriorate any time in future which will create financial crises. Rather than go for Bitcoin ,people will always go for Gold.

 

peter77

[peter77]

We agree to disagree and wait and see what brings the future.

Thanks

 

 

Regards 

 

 

Peter77