What a silly article. The metric they use for reaching the conclusion that bitcoin is the biggest (??) bubble in history is... peak multiple of an arbitrarily defined "starting value"...<p>I don't know what's worse, the cargo cult of bitcoin or the reactionary hate.
Viewed on a logarithmic scale it looks like an adjustment back to the trend-line:<p><a href="https://blockchain.info/en/charts/market-price?timespan=all&scale=1" rel="nofollow">https://blockchain.info/en/charts/market-price?timespan=all&...</a>
That's the most absurd article ever. With 3 lines of text and laughable graph. "Years from peak". There have been so many peaks in the history of Bitcoin, what is the reason to think this is the final one? No word on that.<p>But hey, let's talk about Bitcoin? Why not! It's super interesting. I think there is not enough real debate about it on HN!<p>I think we are facing a massive wave of change due to the crypto technology that is currently developed. I expect it will be as big or bigger then the internet. But I am skeptical about Bitcoins share in the long run. I doubt we really need the mining. I expect that there will be new technologies that enable crypto without proof of work. And they will become strong competition to Bitcoin.<p>However, the market is so enormous that even with a small market share, Bitcoin <i>could</i> be worth the $100B it is currently traded for.
One important thing to know that many are not aware, is that banks don't trade on their public research. Because it's useless. Nobody made any money trading banks research ever.<p>If you have a real investment idea, you don't broadcast it to the world.
Is it 'popping' or <i>has it popped</i>? The other example bubbles don't all drop to zero. Notably that 'gold' bubble (that I admit I've never heard of). I'll say it has popped with certainty only when it's been years and the price hasn't risen again.<p>Also what's with the Mississippi Company value having distinctive step-like patterns? I assume they represent the banks refusing to pay for long periods