If There Is a Bubble, It’s in Bitcoin

If the markets are at the top, then Bitcoin is scaled to the highest peak.

Previous episodes of market warmth have often been characterized by extreme optimism on new technologies. It was automobiles and radio in the 1920s. It was on the internet in the 1990's. Today investor dreams-fueling innovation includes video streaming and electric cars, but none like Blockken controls Bitcoin and other digital currencies inspired by any initiative.

As the bubble in the previous market, the underlying technology revolution is real. There is a possibility to change how trade is operated by cutting blackchain financial intermediaries. But, like dot com bubble, most of today's blockkayen players do not invest smartly.

Bitcoin itself has risen more than 700% a year, with a sharp sharp correction power. The coin is still rarely used for buying real goods or services, making it almost now around a vehicle for speculation for around.

Even more worrying is the wave of the initial currency offer, which is issued by the start-up company investors to the new digital currency. According to research firm Koindesk, more than 160 tickets have been sold this year, collectively more than $ 3 billion in revenue. Paris Hilton and Floyd Mayweather signed the agreement from celebrities.

Coins usually work as an exchangeable token for future products or services, but in some cases the brokerage agencies do not provide any information or information about how much money will be used or how the coins will be used. It is a recent warning from Securities and Exchange Commission chairman J. Kleitner that many proposals are responsible for manipulation or fraud.

Plans to attract virgin investors also reach near market peak. Investors should be