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. willrocks

    willrocks Well-Known Member Silver Stacker

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    Doesn't banning something usually make it more expensive?
     
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    When the communist party is set to ban something, you won’t even be allowed to think about it or have thoughts about it in your mind, let alone own it.

    They haven’t really outright banned bitcoin yet though.
     
  3. leo25

    leo25 Well-Known Member Silver Stacker

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    Though people in China seem to have no issues getting around "banned" web sites by just using a VPN. So make of that what you will.
     
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  4. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Exactly, China is still the single largest mining nation and the fourth largest trader. So if they can't ban it, who can?. Just food for thought, regardless of your views on the value of Bitcoin.
     
  5. Silver260

    Silver260 Well-Known Member Silver Stacker

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    So.....I think it's possibly time to make yet another call, on how silly the price will get this time.

    Remembering this is technically Bitcoins fourth "bubble" . The first was $100, from $1.00, before it promptly crashed. Then we had $1000, back to $250, followed by $20,000, back to $3200.

    What this time?
     
    Last edited: May 12, 2019
  6. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

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    [​IMG]
     
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  7. Silver260

    Silver260 Well-Known Member Silver Stacker

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    images (82).jpeg
     
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  8. Phiber

    Phiber Well-Known Member Silver Stacker

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    Another X10 from the last top would be interesting to say the least :D
     
  9. mmm....shiney!

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

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    Screen Shot 2019-06-01 at 1.29.44 pm.png

    Chart is in USD. Look at that volume Apr/May 2019.
     
  10. willrocks

    willrocks Well-Known Member Silver Stacker

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    A lot more resilient than I anticipated. But how long will it last?
     
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  11. mmm....shiney!

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

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    Well, let’s just say at this stage we’re nearly half way to the highs of 2017, but my hairdresser is not talking crypto, it’s not a topic in the social pages of Facebook and I haven’t fielded any phone calls/emails/PMs from family or friends in a state of FOMO. So maybe a while yet.

    But as @Bullion Baron used to delight in reminding me, I was one of 2 or 3 forum members who said that crypto was not in a bubble. I’m on his ignore list now (along with @dozerz coz we’re trolls apparently) so it’s up to me to remind everyone of the bad call I made at the beginning of 2018. Or was it? :D

    It was the volume bit over the past couple of months that raised my eyebrows.
     
  12. willrocks

    willrocks Well-Known Member Silver Stacker

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    'It's not a bubble' was my answer in the poll too. I think at some point it will probably go higher than the 2017 high, but I'm not brave enough to put figures on when or how high.
     
  13. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Same. No bubble yet. But I did learn something from the last run up, and that is to not be afraid of selling when you're up over 35k %.

    Now I need to go and fire up the arcade and play Pitfall.
     
  14. mmm....shiney!

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

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    It’s hard to sell though when you think it’s going to keep going. That was my mistake too @ParanoidAndroid
     
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  15. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Pulled up my Pitfall game to respond. At least it's not costing me 20c a game like the old days.

    At the time I had the full discussion with the wife "Here we are, we can sell and pay off the mortgage. If we hold on a bit longer we could sell, pay the mortgage and get a new car" We decided to hold. That particular holding is now worth $300 AUD. We've vowed to sell when the mortgage and associated taxes are covered which is pretty soon if things keep going as they are.

    Having said that, we both agreed we need to keep at least some skin in the game for the long term.
     
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  16. Krakked789

    Krakked789 Well-Known Member

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    Easy to get greedy. That was my mistake until I finally took profits - albeit severely diminished - in April 2018.

    I think Bitcoin will pull back to around 6000 USD at some point, before going on a ripsnorting bullrun.
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  18. Tokyo

    Tokyo Active Member

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    $11600 $14700 is next target for algo not too worried for longs .
     
  19. Tokyo

    Tokyo Active Member

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    Why you invest when you can make far more money trading. 3-4 bagger to me from the 3450$ low
     
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  20. mmm....shiney!

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

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    Because trading requires effort.
     

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