Yep, he seemed to contradict himself by saying that blockchain technology is our future going to be used in everything, then he says oh by the way Bitcoin is in a bubble...
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Yep, he seemed to contradict himself by saying that blockchain technology is our future going to be used in everything, then he says oh by the way Bitcoin is in a bubble...
The elite understand that blockchain is the future, but they are afraid of public decentralized blockchains. They want private centralized blockchains, or else they become irrelevant... They will always bad-mouth bitcoin
I said this below too, but the dot-com bubble was the future but at the wrong price. What is stopping that from happening again? Just because it is the future doesn't necessarily mean that the price is right.
I agree with that, and I would have agreed more had he said the altcoin market is in a bubble. I just don't agree that Bitcoin itself is currently in a bubble.
Yeah, that's fine to not agree that Bitcoin is in a bubble, but I think that there is enough ambiguity that we can give Mark Cuban some slack, haha
Haha I guess we can, especially since sometimes when I talk about Bitcoin I am really talking about blockchain technology in general and Bitcoin, all rolled into one. ;)
I think he did it on purpose, so he can buy some more of it lol.
He was most likely saying Bitcoin is in a bubble because it was round the same number for almost a week. Not saying that I agree with him.
Well, I think if it is in a "bubble" it will be a small one. Maybe with a small pullback around $3200 settling around $3000 before heading up again.
Does this have to be a contradiction? If I understand this right, Bitcoin is the first application of blockchain technology in form of decentralized currency but they are not the same thing. Today we know, that underlying tech (blockchain) can be (and already is) much more than "just currency". Therefore to me he is saying something like: "Paper bills are our future (LOL). But Dollar paper bills are in a bubble [compared to other currencies]".
In any case, I am not sure what is a "bubble" definition in crypto market. Given how volatile are even the most stable currencies, they would all qualify for "bubble" assets in real word of up-to-2% fluctuations. So I could be throwing darts into crypto-currencies list and and with each hit I could map a smaller or larger bubble burst within past 3 months. The thing is, that basically all of these "bubble bursts" recover.