Monitoring the Crypto Bubble

Discussion in 'Digital Currencies' started by Bullion Baron, Dec 12, 2017.

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Where do you think we are in the crypto bubble?

  1. Very early (years left to run)

    21.1%
  2. Around the middle (could still run for months or a year)

    38.0%
  3. Very late (could end within days/weeks)

    23.9%
  4. It's not a bubble

    16.9%
  1. dozerz

    dozerz Well-Known Member Silver Stacker

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    read a good one today https://twitter.com/devilscompiler/status/948424113646784513

    Signs of crypto bubble:
    - Ripple, centralized and censorable, $100B
    - Cardano, barely launched, $20B
    - Qtum, no product yet, $4B
    - Verge, actual vaporware, $2B
    - Bitconnect, literal Ponzi scheme, $2.5B
    - Bitcoin Gold, trivial fork of Bitcoin, $4.5B
     
    Brendio likes this.
  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    What's the problem with a private currency being centralised? Every company centralises their decision making processes and power structures as a mechanism to make a profit. Reputation is what attracts investors and gives them the opportunity to join in and share some of that profit.
     
  3. dozerz

    dozerz Well-Known Member Silver Stacker

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    decentralisation is all about concensus and governance. there is nothing stopping ripple from changing the amount of supply or anything about the coin. decentralisation makes changing properties very difficult. remember this is just computer code and properties are not real, this is the reason bitcoiners think altcoins are potentially worthless, in that their properties can be changed at any time. note crypto currency properties are not real, they are decided by computer code and who decides their properties?
     
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  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    From a non-bitcoiner's perspective, and a libertarian one, as long as that process of centralisation remains completely voluntary eg unlike the centralisation of our social phenomena such as money and markets, then I haven't got a problem with the ripple foundation calling the shots. In the end it will be the customers and users of their service that will decide the properties anyay, just as my customers decide on my behalf what products I sell to them.

    What would be even better would be a shareholder system where holders of XRP would get to vote on any changes to those properties - for a price.
     
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  5. renovator

    renovator Well-Known Member

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    @southerncross throw the moringa leaves in your soup/stews etc in my time abroad they ate malungay (moringa, drumstick tree among the other names it has)all the time although i bet you already knew that .ive eaten a shitload of it my missus loves it . thought i would just put it out there for others if they didnt know about it google "the miracle tree" its got some serious nutritional value
     
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  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I’m not going to object to s centralised private coin if I’m making a shitload from it.

    I’ll leave the philosophical angst and hand-wringing to the bitcoiners.
     
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    No plans on holding long-term, have a definite figure in mind then it’s bail out time and quite achievable I think in the next few months too, maybe sooner.
     
  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Then why don’t you do it?
     
  9. jerrygold

    jerrygold Active Member Silver Stacker

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    Only value shitcoins have is making you richer. Its a risky, fun game. Like duck, duck, shit. I've lost and made thousands on shitcoins, hail the shitcoin gods!
     
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  10. leo25

    leo25 Well-Known Member Silver Stacker

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    Good to see Coinmarketcap has removed Korean exchanges from their price average. Those Korean exchanges are nuts.
     
  11. leo25

    leo25 Well-Known Member Silver Stacker

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    A lot of people cashing out and not many new guys coming into the market. Good to see these corrections happening. I'm still hoping bitcoin gets down to the $7000 USD level.
     
  12. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Does look like a serious correction.

    Weak wrists sink ships. I just made that up.

    Time to buy more.
     
  13. dozerz

    dozerz Well-Known Member Silver Stacker

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    leo25 likes this.
  14. jerrygold

    jerrygold Active Member Silver Stacker

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    How to make money with bitcoin on January 11 2018.
    1) Wait for negative article to be released
    2) SELLLLLLLL
    3) Price drops 15% in an hour
    4) Buy back making 15% more bitcoins
    5) Wait for next cycle
     
  15. leo25

    leo25 Well-Known Member Silver Stacker

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    Now to wait and see if it come back up 15% or falls another 15% :)
     
  16. leo25

    leo25 Well-Known Member Silver Stacker

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    if only developers spent more time trying to create a good decentralised exchange instead of pumping out shitcoins.
     
  17. jerrygold

    jerrygold Active Member Silver Stacker

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    Bitcoin law 101, what goes down always goes back up!!!!!
     
  18. leo25

    leo25 Well-Known Member Silver Stacker

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    Well on the good new, Dogecoin's marketcap is still over 1 billion ;) So some people are still bullish.
     
  19. camylopez

    camylopez Member Silver Stacker

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    https://bisq.network/
     
  20. leo25

    leo25 Well-Known Member Silver Stacker

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    That's no good, how can you do leverage trading and pump the crypto market on that :p
     

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