Dalio - Bitcoin might get banned

IamTheCasino said:
BTC has a MC bigger than all the other cryptos combined. Lmao, you literally have zero clue what you are talking about.
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Bigger does not imply automatically more safe or more chance to survive.

Remember Lehmann Brothers?
Watch what is now still going on with Deutsche Bank (which is even bigger than Lehmann Brothers was).

Remember 2018 when BTC crashed 80%? Much worse than 2008.
 
virtusa said:
Bigger does not imply automatically more safe or more chance to survive.

Remember Lehmann Brothers?
Watch what is now still going on with Deutsche Bank (which is even bigger than Lehmann Brothers was).

Remember 2018 when BTC crashed 80%? Much worse than 2008.
More...

Bitcoin price won't crash right now, at least not in the next few weeks or so. Could change in the future

Too much demand, limited supplies that keep getting depleted. Few understand
 
johnarb said:
Bitcoin price won't crash right now, at least not in the next few weeks or so. Could change in the future

Too much demand, limited supplies that keep getting depleted. Few understand
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Lehmann Brothers did not crash for decades. Just like Refco, Macy's...

Typical signs of an upcoming crash:
  • huge trust (noithing can go wrong)
  • opinion that it can only get better (read: prices can only go up)
  • too much demand, limited supplies
 
virtusa said:
Bigger does not imply automatically more safe or more chance to survive.

Remember Lehmann Brothers?
More...

Yep. And Enron at its peak had a tenth of the market cap that Bitcoin does today but had much better fundamentals at the time. Which is to say that Bitcoin has no fundamentals; unless you count "greater fool" as a fundamental.
 
I love intrinsic value arguments against Bitcoin. What's the intrinsic value of gold?

Fucking boomers.

And @Nobert says BTC is for criminal scum. Criminal scum uses cars too. Should we all stop using cars? LOL.
 
tsznecki said:
I love intrinsic value arguments against Bitcoin. What's the intrinsic value of gold?

Fucking boomers.
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Well, I'm not a boomer, but a better analogy would be comparing Bitcoin, other coins, and Crypto technologies more generally to the .com boom. There were a few keepers in there. But most .com and supporting tech companies collapsed and never recovered. Crypto probably does have a future of some kind (though not at the level of what a lot of enthusiasts think); and I highly doubt that Bitcoin will be the Amazon of this space.
 
virtusa said:
Lehmann Brothers did not crash for decades. Just like Refco, Macy's...

Typical signs of an upcoming crash:
  • huge trust (noithing can go wrong)
  • opinion that it can only get better (read: prices can only go up)
  • too much demand, limited supplies
More...

We're having a miscommunication. Please read my post that you replied to. Let me reword it

Bitcoin will not crash in the short term due to the limited supplies on the exchanges that keep going lower as big quantities of bitcoins are being withdrawn, (presumably) by institutional buyers


*Not financial advice, Crash = over 30%, short term = weeks
 
There is no doubt that Dalio is an incredibly smart investor. That being said, he mentioned multiple times in the article that people are referencing that he is not an expert in cryptocurrencies. So, while he may be one of the greatest investors of all time, if you have read his book he always acknowledges that you can not invest in something that you do not understand. With that being said, he most likely is not the best voice to leave an opinion on BTC getting banned. Can it be banned? Absolutely, we have seen cases like this already form around some cryptos, especially in the US. I do think it is more likely they(The US Gov.) try to restrict the uses of BTC, and form a centralized digital currency that is controlled by themselves.
 
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