Compounded by bots automatically selling when stop-losses are hit too.
Monitoring the Crypto Bubble
- Thread starter Bullion Baron
- Start date
cboe futures also closed today, not sure it was a stupid sell off https://www.marketwatch.com/investing/future/bitcoin futures cboe
Yeah I'm not worried as I'm someone who's in for the long haul, but it would have been nice to be able to either save some fiat or get more units by doing it this morning instead of last night haha
First time I've added in ages too - was about 3 hours too early on the buy
Gullintanni
Well-Known Member
WHen did XRP overtake ETH on marketcap?
I do not look every day anymore and today i had a look and there it is #1 Bitcoin #2 XRP #3 Eth.
Crazy stuff.
I do not look every day anymore and today i had a look and there it is #1 Bitcoin #2 XRP #3 Eth.
Crazy stuff.
Some really good points raise all round again. TreasureHunters extensive list would take pages with Shinny's replies the same. Still, they all are good points raised
In defence, the argument for a store of value needs to be physical I think does stand up when it comes to money/currency. Be it shells, metal disks or some other needed resource (water,food,etc), they have all been in a physical form. Perhaps it's based on a human nature to stack and store his/her death in a physical form. Paper assets (are on the most) a claim cheque on some underlying asset (eg stock, bond, gold backed currency, deed to property, etc) and therefore have been given value over the decades
The question of an emotion, like love, not having any value is only applicable to one/two individual(s) and doesn't have a 'value' to a wider audience (namely for the subjective reasons). If emotions could be transferred to a wider audience, then there would likely me some type of market (who doesn't want a little extra love?lol)
The Bitcoin 'dream' of a peer to peer payment platform (decentralised system) IMHO have been hijacked by greedy speculation, ICO criminals, outlandish advertising and blatant theft from exchanges. For the few in cryptocurrencies who really believe in the 'dream', wont get to see it for the above reasons. Getting a $250k SEC fine after making millions becomes a joke. No deterrent will keep the bad behaviour going and less likely achieve a collective wider acceptance
In defence, the argument for a store of value needs to be physical I think does stand up when it comes to money/currency. Be it shells, metal disks or some other needed resource (water,food,etc), they have all been in a physical form. Perhaps it's based on a human nature to stack and store his/her death in a physical form. Paper assets (are on the most) a claim cheque on some underlying asset (eg stock, bond, gold backed currency, deed to property, etc) and therefore have been given value over the decades
The question of an emotion, like love, not having any value is only applicable to one/two individual(s) and doesn't have a 'value' to a wider audience (namely for the subjective reasons). If emotions could be transferred to a wider audience, then there would likely me some type of market (who doesn't want a little extra love?lol)
The Bitcoin 'dream' of a peer to peer payment platform (decentralised system) IMHO have been hijacked by greedy speculation, ICO criminals, outlandish advertising and blatant theft from exchanges. For the few in cryptocurrencies who really believe in the 'dream', wont get to see it for the above reasons. Getting a $250k SEC fine after making millions becomes a joke. No deterrent will keep the bad behaviour going and less likely achieve a collective wider acceptance
Last couple of days a dead cat bounce?
ParanoidAndroid
Well-Known Member
Agree. What's the process behind this figure? Or is it just what you'd like it to be?
That really makes your opinion worth no more than saying BC will be worth one million by such and such date.
That really makes your opinion worth no more than saying BC will be worth one million by such and such date.
i said $100 billion range. Its impossible to give an 100% figure, that's why i gave a range where it should correct to.
First I've been saying this before the bubble popped. So it's not something i just started saying after it all went to shits.
The price range is not something i pulled out of thin air. I picked that range for two reasons.
1. it's the range before crypto's went into an highly irrational bubble FOMO phase, so for me the $100B range showed me a more stable true value.
2. The $100B range would be a price point where a lot of people would be breaking even or at a loss and most will not be bothered selling and just hold. This will create a strong base and i feel will not drop further. At above $100B range a lot of people will still be up in value and will be happy to sell off and make a profit.
Gullintanni
Well-Known Member
Is it really "capitulation" or just a case of reality taking hold?
Come on now , we are talking about code here are we not?