RAY DALIO: Bitcoin is a speculative bubble

[Jonathan Fairfield]

 

[surinteacher2016]

I think this guy is speaking some sense to be honest. There's been so much hype in the last 12 months that maybe folk are simply buying on the basis of reading the bi-monthly (sometimes weekly) articles claiming that 1 coin will be work 1,000,000 in 5 yrs etc.

 

The hedge funds are also causing the price to rise. Believe me when I say the price can drop extremely fast when the hedge funds sell off thousands of coins at a time. If the SegWit2x hard fork causes issues with the legacy coin (collapsing) then there will be a huge price correction.

[Dario]

16 hours ago, surinteacher2016 said:

I think this guy is speaking some sense to be honest. There's been so much hype in the last 12 months that maybe folk are simply buying on the basis of reading the bi-monthly (sometimes weekly) articles claiming that 1 coin will be work 1,000,000 in 5 yrs etc.

 

The hedge funds are also causing the price to rise. Believe me when I say the price can drop extremely fast when the hedge funds sell off thousands of coins at a time. If the SegWit2x hard fork causes issues with the legacy coin (collapsing) then there will be a huge price correction.

 

I do hope that correcton materializes. When it then bottoms it's really time to get in. They're talking about mid November. "Paciencia!" say the Spanish.