Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

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    147
BuggedOut said:
People followed McAfee. The guy built a fortune writing anti-virus software back in the 90s or something so he was once respected as a knowledgeable software / tech guy.

But then he started shilling shitcoins and moving the markets and his influence started to wane as the markets wised up to his shenanigans. Nobody today will admit to ever following him, but it happened. The comparisons to the way Musk is influencing the crypto markets today is valid. Musk is just better at it and is a bit more mainstream....but lets see if the market wises up like it did with McAfee. Musks recent form is really demonstrating he's a bit of a clown and doesn't really understand crypto that well, so my own respect for him has certainly dropped.
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No where do I deny Musk is a clown. your dead right he is one. Im just stating dont under estimate Musks influence.

And yes I do know John Mcaffee had followers my comment about that was in regards to Stoics comment, pointing out his differing opinion on that to Shineys as far as John M having a following and market pull of any sorts.
The comparison between Musk and Mcaffee from Shiney has some merit, But a comparison on influence with mainstream is not on the same level by a mile.John had some, but Musk is a far bigger, a far more well known figure with far more pull and cred in the mainstream.
Not many people know who John Mcaffee is in the mainstream these days, they have either forgotten or are to young to remember, In the crypto world with older dudes back in the day they knew him sure, his name helped when he reminded them he was the antivirus guy. Most mainstream people any younger than 30 wouldnt even know who started that antivirus even with the name Mcaffee, they wouldnt put two and two together.
So while his actions are a fair comparison,and his dickheadness is also on the same level, the fame and influence of John isnt on the same level as Musk By a long shot. Mcaffee certainly doesnt have the funds either.Not to over look the fact the Muskstick has huge government influence.

we will see,the more mainstream this gets the less control crypto purists will have. like anything that goes mainstream, it gets highjacked and turned into a monster by those who have influence.
But I think if musk gets bored of this, he will burn the house while exiting the building, he is that sort of guy

PS, I would love nothing more than seeing Musk get brought down, not just with his crypto scamming, but his tesla green energy scam
 
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Hope all members are well.

Russell Brand is dupping his toes into knowing more about crypto.

I find him honest & entertaining.

Here is a link to a 16 minute clip from 3 days ago.


I would value comments on his style & feelings about if Russell Brand is yearning for crypto knowledge, then how many more people are also looking & wondering.
 
BuggedOut said:
People followed McAfee. The guy built a fortune writing anti-virus software back in the 90s or something so he was once respected as a knowledgeable software / tech guy.

But then he started shilling shitcoins and moving the markets and his influence started to wane as the markets wised up to his shenanigans. Nobody today will admit to ever following him, but it happened. The comparisons to the way Musk is influencing the crypto markets today is valid. Musk is just better at it and is a bit more mainstream....but lets see if the market wises up like it did with McAfee. Musks recent form is really demonstrating he's a bit of a clown and doesn't really understand crypto that well, so my own respect for him has certainly dropped.
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McAfee is also a rapist and murderer, and that was before crypto.
 
boneyard said:
I would value comments on his style & feelings about if Russell Brand is yearning for crypto knowledge, then how many more people are also looking & wondering.
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Lol, crazy bastard he is.

I'm going to follow it, for the entertainment value and for the likely fact that he'll be explaining things at a sub-retard level. A couple of things:

1. he nailed it on the head at 13.07
2. 14.10 he asks if it's genuinely possible to create alternative currency systems. Yep. And an alternative currency system that excites me the most (maybe not BTC-maximilists though) is Fractional Reserve Banking 2.0
 
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If you are still holding BTC than the down risk is about 1% to 30% from here, than waiting for the next boom in 3, 6, 12 or 24 months time. And there will be many mini cycles inbetween.

The one thing you can't hold against BTC is that its Boom and Bust cycle is roughly predictable.

And unless you bought a or mined a decent stack when it was cheap/easy than buying and selling is the best way to riches.

I don't see any merits to hodling if you are actively watching BTC, Shares or any liquid investment.
 
Ipv6Ready said:
The one thing you can't hold against BTC is that its Boom and Bust cycle is roughly predictable.
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Government regulation is not predicable (well... at least the exact timing of), but looks to be slowly gaining traction.
 
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^^^ Imagine buying BTC for 4.5k USD in March 2020 & seeing it now at 37.5k USD.

BTW, every HODLer knows to expect extreme volatility. So that's BS.
No idea who this person is but the 'laughed & called me names bit' is just embarrassing. Sound like a man-baby
 
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