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. mmm....shiney!

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

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    I've been using my Metamask wallet. You just need to add Fantom network to the wallet.

    https://docs.fantom.foundation/tutorials/set-up-metamask
     
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  2. dozerz

    dozerz Well-Known Member Silver Stacker

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    you need to hold one of the top 20 projects, then those projects will decide what to do with the nft, which will distribute the ve and decide how it will be used.

    https://defillama.com/chain/Fantom

    this is a brand new concept for crypto, moving on from ohm clones 3, 3 game theory to prisoners dilemma to try and balance returns and locking.

    radial is one project in the top 20 that are rewarding stakers, others are yet to explain their strategy as this 4 dimensional chess at this point.

    https://medium.com/@radial.finance/...ies-to-maximize-yield-on-solidly-efb9149d8313
     
    Last edited: Jan 21, 2022
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  3. mmm....shiney!

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

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    I must say the crypto market is dropping very slowly, nothing like the crash at the end of 2017.
     
  4. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    I love the smell of burning cryptos in the morning.:p

    Cryptoapocalypse now!!!:D

    Take a look at those 7-day change figures below, scary stuff:eek:

    Screenshot 2022-01-22 at 11-33-06 All Cryptocurrencies - Investing com AU.png
     
  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Be careful what you wish for shiny one.:rolleyes:

    Some are down nearly 30% in a week!;)

    What are you hoping for a 100% drop?:D
     
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  6. mmm....shiney!

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

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    At the end of 2017 if your portfolio was 30% down in a day you were fortunate.
     
  7. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    At the end of 2022 if your crypto values are at 2017 levels you will be fortunate!
     
  8. mmm....shiney!

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

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    Lol, I’ll be disappointed.

    This nonsense around tapering and rate hikes will pass because inflation is transitory. Once the market works that out we’ll be back on course with asset price inflation.
     
  9. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I'm with shiney on this. I can't see any debtors being able to deal with higher rates. Government debt, housing debt. They can probably do 200BP but that'd be it
     
  10. dozerz

    dozerz Well-Known Member Silver Stacker

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  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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  12. mmm....shiney!

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

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    As long as those diamond hands are hardwired to a brain that's great. Not all diamond hands are. ;)
     
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  13. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I can neither confirm nor deny that, as I have a big urge to sell some gold and buy the crypto dip but an equally strong urge to cut my losses and buy gold.
     
    Last edited: Jan 22, 2022
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  14. TreasureHunter

    TreasureHunter Well-Known Member

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    35 k BTC

    Massive dip in other cryptos as well. This time the drop was much bigger than when BTC dropped from 55 k to 40 k.
    The fact that now the the other cryptos have crashed so deep might signal that we haven't reached the bottom yet - of course, we should eye the 28-30 k BTC level.

    What do you think?



    Another idea: I think that all this crash was caused by many major sell-offs. It means, that THAT MONEY still exists somewhere. AND I think that it will be REINVESTED.
    The previous profits will be reinvested to buy up the cheaper cryptos and this could propel ETH to 10+k and BTC to 100+k and so on...

    But I think that the tiny coins with potential are better for investment once they go even lower.
     
  15. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I think I have run out of cash. I bought some link at $22
     
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  16. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    I see that the cryptos are still in free-fall.

    Looking at the charts many are now down more than 50% for the week.:eek:

    Bitcoin now at $34k.

    I recall some saying that Bitcoin was a buy at $35k, so did any of you put your money where your mouth is and pull the trigger, or are you full of hot air?:rolleyes:

    The people I feel truly sorry for are the poor struggling people of third-world countries, who were sold a lie that they could better themselves by investing what little money they had in cryptocurrencies.:(

    When the true fact is that cryptos are nothing more than electronic gambling casino chips!
     
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  17. 66rounds

    66rounds Well-Known Member Silver Stacker

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  18. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    Yes I pulled the trigger at 59k and 54k and will again in the mid 40s
     
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  19. mmm....shiney!

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

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    No spare cash at the moment :(

    My plan in the next couple of days therefore will be to offload some underperforming shares earlier than I had planned and route them into the crypto market hoping for a quick profit if and when the market bounces to recoup losses on the shares.

    At this stage I'll probably buy some STX to flog off later and maybe grab another NFT to stake.
     
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  20. dozerz

    dozerz Well-Known Member Silver Stacker

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    so fanton just flipped both solana and avax to become the number 4 chain. a lazy 6 billion usd has poured in to try and capture one of the 20 andre nfts, in a bear market. https://defillama.com/chains

    the oxdao that only started yesterday has the lions share at 3.4 bil https://defillama.com/chain/Fantom

    but yeah crypto is ded, gambing tulip bubble.
     
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