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<blockquote data-quote="Box Ox" data-source="post: 3208569" data-attributes="member: 48469"><a href="http://www.businessinsider.com/cryptocurrency-ico-bubble-2017-11" target="_blank">This is the tech bubble we have been waiting for</a><ul>
<li data-xf-list-type="ul">Smart people like VC Bill Gurley are beginning to worry that cryptocurrency ICOs are a bubble.</li>
<li data-xf-list-type="ul">People are investing in Bitcoin and other digital coins even though they hold no equity value and offer no claims on any kind of underlying asset.</li>
<li data-xf-list-type="ul">On that definition, ICOs are actually worse than dot-com stocks in 1999 — at least back then investors owned a piece of a company with a revenue stream.</li>
<li data-xf-list-type="ul">Crypto bulls keep saying that Bitcoin is an established &quot;store of value.&quot;</li>
<li data-xf-list-type="ul">The problem is that the value being stored is simply everyone else&#039;s agreement that there must be value here. There is no other asset. And that is what a bubble looks like.</li>
</ul>“When the property bubble collapsed in 2008, at least people still owned houses”</blockquote>

[QUOTE="Box Ox, post: 3208569, member: 48469"] [URL="http://www.businessinsider.com/cryptocurrency-ico-bubble-2017-11"]This is the tech bubble we have been waiting for[/URL] [LIST] [*][B]Smart people like VC Bill Gurley are beginning to worry that cryptocurrency ICOs are a bubble.[/B] [*][B]People are investing in Bitcoin and other digital coins even though they hold no equity value and offer no claims on any kind of underlying asset.[/B] [*][B]On that definition, ICOs are actually worse than dot-com stocks in 1999 — at least back then investors owned a piece of a company with a revenue stream.[/B] [*][B]Crypto bulls keep saying that Bitcoin is an established "store of value."[/B] [*][B]The problem is that the value being stored is simply everyone else's agreement that there must be value here. There is no other asset. And that is what a bubble looks like.[/B] [/LIST] “When the property bubble collapsed in 2008, at least people still owned houses” [/QUOTE]

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