19 January 2018

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Gerard Hergenroeder - Payments Shark

8Posts 45,656Views 86Comments

I predict Bitcoin will crash in 2018.

08 December 2017  |  6426 views  |  4

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:

 

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Comments: (4)

James Treacher
James Treacher - Blazon/Block0 - London | 11 December, 2017, 05:41 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.
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Melvin Haskins
Melvin Haskins - Haston International Limited - | 11 December, 2017, 11:36

Nor is Bitcoin - your analysis offers no insight either.

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Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 11 December, 2017, 12:18

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.

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A Finextra member
A Finextra member | 11 December, 2017, 13:56

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

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Gerard's profile

job title Retired IBMer and Banking Executive
location Millersvile
member since 2014
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Former Global Payments Executive at IBM responsible for solution sales

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