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. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I had not noticed that, but now you point it out it's pretty obvious.

    Too funny!
     
  2. Jason1

    Jason1 Well-Known Member

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    You do realise that ignoring obvious flaws these digit currencies have and dismissing as fud, does qaulify as ignorance also

    Dont know the john golt reference thing, not sure where that is directed at.
     
  3. Jason1

    Jason1 Well-Known Member

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    I have been a crypto beleiver once before, then the flaws became to obvious to ignore, i then sat on the fence for some time, now im leaving that fence.
    The assumptions are wrong, Shiney tried that one on me once before

    I really gotta get going, i do enjoy a good debate. So till next time, put it on pause
     
  4. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I'm not saying there aren't flaws. I first came across Bitcoin in 2015 and (ironically) one of the reasons why I didn't think it'd go anywhere was because of the energy use! Does that make me 6 years earlier than Elon Musk? Maybe.

    But when I came for another look in early 2017 to find out what this Ethereum thing was about I realized that there was a whole ECOSYSTEM being built where other cryptos were addressing the flaws.

    Why don't you tell me the flaws you see, and I'll point you at the cryptos that are addressing them? This is not just about Bitcoin. Think of Bitcoin as just the first. The poster child. The early market leader. The one that the mainstream and the newbies tend to fixate on. There is a lot more going on here....
     
  5. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    I would prefer to see less arguing and more pictures of lambos and infinity pools.
     
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  7. IfUdonotholditUdonotownit

    IfUdonotholditUdonotownit Active Member

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    I'm living rent-free in your head
    Many/most folks here probably already fully realize this (one hopes) :cool: But its a wonderful thing to perform on the stage, play your part, utter your lines, and the audience loves the appearance of new actors :) All the world is a stage (Shakespeare), and lets pity those who don't know it. And God forbid any theatre where the stage players never change - how boring. [But Narcissus would surely disagree.] However, if there are some actors here who possess all wisdom and understanding on crypto, then lets record their infallible wisdom for the benefit of all posterity :) A foundation series of "crypto axioms" would be a nice start.

    PS: Does anyone here know Satoshi? If so, can you please ask him for the first and most important axiom? We can honour him, by calling it "Craig's first axiom."
     
    Last edited: May 25, 2021
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  8. mmm....shiney!

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

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    You talking about Craig “Fauxtoshi” Wright?
     
  9. tdtwedt

    tdtwedt Active Member Silver Stacker

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  10. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Late Attestations? Seriously? Of the #8 crypto?

    Hilarious FUD.

    USDC is issued by regulated financial institutions. It's got to be 1000% less likely to go belly up than Tether and we've been brushing off far more credible Tether FUD for years.
     
  11. tdtwedt

    tdtwedt Active Member Silver Stacker

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  12. mmm....shiney!

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

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    DLTs have certainly moved beyond the initial invention ie a decentralised currency that solves the problem of double spending so to keep harping on about that is as @BuggedOut argues “so last decade”.

    Those claiming to really understand it would know that it offers a completely new decentralised financial world.

    Name any financial product currently under the control of a legacy institution and there’ll be a crypto project working on it attempting to make it a better system.
     
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  13. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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  14. dozerz

    dozerz Well-Known Member Silver Stacker

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  15. tdtwedt

    tdtwedt Active Member Silver Stacker

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    66rounds likes this.
  16. mmm....shiney!

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

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  17. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Do the math.
    If 80% of Bitcoins value is propped up by Tether, and Tether is only backed to 2.9% by USD, what is the true value of Bitcoin?
    At $60k USD per Bitcoin, I have a true market value of a measly $350.

    That's some crazy mark up for a slice of fiat wrapped up in a distributed ledger!
     
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  18. mmm....shiney!

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

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    You’re ignoring all the other assets that back it.
     
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  19. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Assets or liabilities??
     
  20. mmm....shiney!

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

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