Crypto crash september 2020

Bitcoin Dropped Below $10K, 3 Reasons Bitcoin and Crypto Market Will Crash Again. Kun Hu Sep 08, 3 Min Read. Bitcoin's bull market, which has seen the bitcoin price surge from around $4, to $12,, could be brought to an abrupt end if the price.

You predicted bitcoin heading for zero during the last boom in — that it holds crypto crash september 2020 value. Do you still feel that way?

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Yes, I still believe that bitcoin has no intrinsic value. The question is rather: has bitcoin found its role?

I've changed my view on that. Bitcoin's potential role as a store of value is emerging — in principle, digital gold.

So I'm a bit less critical about the future of bitcoin. What about the future of cryptocurrencies?

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There are too many cryptocurrencies — several thousand of them. That illustrates how much of a hype we went through three years ago.

But bitcoin demonstrated its qualities. Why did you warn about bitcoin? I wasn't crypto crash september 2020 se against bitcoin from the beginning.

What bugged me was the hype, primarily ignited to fuel speculation and the price. The countless, entirely unregulated initial coin offerings crypto crash september 2020 unworldly crypto crash september 2020 to investors bothered me.

You recently warned about Tesla Yes, but does that mean I don't like Tesla's cars?

Or that I don't like Tesla stock? No, crypto crash september 2020 the contrary.

I'm warning about its valuation, just as I did with bitcoin. I may have been somewhat harsh at the time because we frequently saw crypto crash september 2020 people were losing their heads.

I picked on bitcoin, but what Crypto crash september 2020 meant was its investors.

The Cryptocurrency Market Implosion in September 2020 - How Low Will Bitcoin Go? - Buy The Dip??

They've become more professional. There's a lot more knowledge readily available today, and there are charts mapping the development of bitcoin's price. We have brokers like Bitcoin Suisse that are trying for a banking license and surely will have to fulfill quite rigorous requirements to get there.

This all shows that bitcoin is on its way to becoming mainstream and was able crypto crash september 2020 establish itself as digital gold. Gold has an industrial value, while bitcoin is entirely virtual.

If Bitcoin Crashes Below $10,000 It’s All Over—Here’s Why

We shouldn't overstate the industrial value of gold in view of its role as an investment. Crypto crash september 2020 is a security and store of value like bitcoin is now too. Meanwhile, efforts to establish bitcoin as a method of payment https://show-magazin.ru/2020/malwarebytes-free-license-key-2020.html. It's not suitable for payments: the bitcoin network is bulky and slow.

crypto crash september 2020

The Rest of the Pack

You need crypto crash september 2020 be able to do more than just may your taxes with bitcoin in Zug if bitcoin sites legit 2020 want to establish a payment system that is crypto crash september 2020 in society.

At least, I haven't heard that the canton of Zug will learn more here its employees in bitcoin as well yet.

That would be a courageous and consistent way to establish bitcoin as a liquid currency. My suspicion is that even if bitcoin was widely crypto crash september 2020 as a payment method, nobody would use it because it has a deflationary function and is limited.

That means as a consumer and saver, I would hold bitcoin and continue to use weaker currencies like Swiss francs or U. That would be a dangerous experiment and would accelerate the devaluation of fiat currencies. Page 1 of 2.

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