Join the Community

22,655

Expert opinions

44,356

Total members

405

New members (last 30 days)

185

New opinions (last 30 days)

28,901

Total comments

Join Sign in

I predict Bitcoin will crash in 2018.

08 December 2017 4 comments

Gerard Hergenroeder

Retired IBMer and Banking Executive

Payments Shark

Bitcoin is a fraud, nothing more than a ponzi scheme. I do feel sorry for those people buying at today's prices. I remember studying the tulip crash in the 1600's. I predict Bitcoin will crash in 2018. When it crashes you get nothing, not even a beautiful tulip. Here's a list of market crashes:

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

10007

Report

Channels

/payments

Comments: (4)

James Treacher Founder at Block0

11 December 2017

Tulips are not durable, not scarce, not programmable, not fungible, not verifiable, not divisible, and hard to transfer. Naval Ravikant This analogy is 5 years old. It is boring and gives zero insight.

Report

Melvin Haskins Managing Director at Haston International Limited

11 December 2017

Nor is Bitcoin - your analysis offers no insight either.

Report

Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions

11 December 2017

All bubbles burst in the steady state. They end badly but only for the people who're caught holding the parcel when the music stops. In the run up to the burst, many times more number of people make lots of money as the bubble grows in the transient state that lasts several years. Not surprisingly, burst of past bubbles has never stopped future bubbles from forming. The list at the end of your post is adequate testimony.

Report

A Finextra member

11 December 2017

I think the question is - did you predict it to rise this much? :)

Report

Gerard Hergenroeder

Retired IBMer and Banking Executive

Payments Shark

Member since

02 May 2013

Location

Millersvile

More expert opinions

Nick Levy Partner - Financial Services at IBM Consulting