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The Langers Forum
Is this 'Bitcoin' the real deal?
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<blockquote data-quote="Orchard thief" data-source="post: 7037701" data-attributes="member: 41458"><p>I’m fairly thick at this stuff but isn’t there a slight difference in that the sub-prime market was due to inflated house prices, people having huge mortgages on same houses and then house prices collapsing leaving people owing money exceeding the value of the assets.</p><p></p><p>The crypto losses are probably more to do with peoples investments ie most of the losses aren’t on loans?</p><p></p><p>To put it in context while $1.7tn seems a lot Apple Inc has a market cap of $2.3tn.</p><p></p><p>Crypto is more like the dotcom bubble than the subprime bubble. </p><p></p><p>The dotcom bubble spawned Google, apple, Amazon etc so wasn’t a complete pyramid scheme. The sub-prime exposed the banks.</p></blockquote><p></p>
[QUOTE="Orchard thief, post: 7037701, member: 41458"] I’m fairly thick at this stuff but isn’t there a slight difference in that the sub-prime market was due to inflated house prices, people having huge mortgages on same houses and then house prices collapsing leaving people owing money exceeding the value of the assets. The crypto losses are probably more to do with peoples investments ie most of the losses aren’t on loans? To put it in context while $1.7tn seems a lot Apple Inc has a market cap of $2.3tn. Crypto is more like the dotcom bubble than the subprime bubble. The dotcom bubble spawned Google, apple, Amazon etc so wasn’t a complete pyramid scheme. The sub-prime exposed the banks. [/QUOTE]
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Is this 'Bitcoin' the real deal?
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