/biz/ - Business & Finance

Bitcoin, an inferior product in terms of tech compared to almost every coin in top 10, still retains the top spot. Here are this signs cryptocurrency's right now is a bubble as a former cryptocurrency investor.

Coins without any product are in top 10 (EOS)

Companies renaming themselves to include the word "blockchain" or cryptocurrency related word are having their shares valuations skyrocket despite no real change apart from the name.

Bitcoin that was initially to be used for P2P transactions as per the founder Satoshi, but could not scale and that failure is justified by now calling it a store of value.

No cryptocurrencies can scale without using Proof of Stake, which is a scheme which makes rich, richer and poor, poorer, common sense is required to understand this.

IOTA, a shady project, with its employees/developers shutting down everyone who talks about the technical aspects of their product on Slack. The coordinator in IOTA can never be secure if you just do the math. IOTA claiming to be decentralized in the future can never be decentralized, because of how it works.

People being brigaded if they talk negatively about any product, even if raising valid points.

People investing like crazy and instructing to "HODL".

My analysis: There is a huge correction coming in the next few weeks.

Most of this had happened during the dotcom bubble

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