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. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    They arent correlated in any way.
    Btc will follow the nasdaq and s&p like always and gold is playing out its own long term patterns and will still be going up when btc bottoms.

    Slow and steady.
     
  2. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Btc better hold that 29k support when it gets there but i doubt it will.
    I think it will break lower. Its sucking a fat one right now.
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    I also think it will break lower. Probably there will be a bump around 28-30 k, but due to the economy-related trends, I think it will go lower probably even this year it will land around 10 k.

    What is bad is that gold seems to be making humps and bumps. Quite a bit like in 2012-2013, before it crashed.
     
  4. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I'm backing up the truck at 25k. If the economy goes into recession after a few more rate hikes, they'll have to lower rates and fire up QE
     
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  5. TreasureHunter

    TreasureHunter Well-Known Member

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    Watch how BTC and ETH are dropping, but many of the "cr*pcoins" that wanna be big aren't drooping. Just go through the prices and the charts. Some seem to have bottomed already (also on the charts).

    Prolly the next bounce back will occur at around 30 k.
     
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  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Which ones?
     
  7. heartastack

    heartastack Well-Known Member Silver Stacker

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    Is 'back up the truck' at a low price target really a good strategy - or is it based on something technical? Why not dollar cost average? When we get to 25k the technical might be pointing to 15k etc and the market environment could be totally different at that point in time.... Hey, 25k could be a great entry point don't get me wrong just want to understand the basis for it other than being happy to dump cash into an arbitrary number - to be honest it's this kind of thinking that makes me comfortable sitting on the side till it's all washed out.
     
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  8. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I subscribe to larry lepard's way of thinking. Buy as it falls, if it crashes, sell some gold to buy more
     
  9. heartastack

    heartastack Well-Known Member Silver Stacker

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    I could see this working well for a 5-10 year time horizon with a mindset that isn’t fussed about paper value volatility and more focused on QTY owned. Good luck with it - pretty sure you will have your truck license soon!!
     
  10. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    It also goes the other way, sell btc when it's peaking and pick up some gold. I wasn't experienced enough in 2021 to know that
     
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  11. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    That's a risky and dangerous way of thinking, you could easily lose the shirt off your back and end up in the poor house doing that.

    Better to sell the craptos and buy gold instead of the other way around for those with more than a couple of brain cells rubbing together,
    instead of trying to pick your bottoms;)
     
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  12. mmm....shiney!

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

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    ^ Warning: the above post contains investment advice. The author is also an expert on subterranean cities, Draco reptilian alien princes and the subway system that connects Pine Gap Military base to Canberra.
     
  13. STKR

    STKR Well-Known Member Silver Stacker

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    I'd also put warnings after your comments but you'd delete them. For a moderator who's meant to be impartial, you sure do like to make things personal.
     
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  14. mmm....shiney!

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

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    [​IMG]
     
  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Theres a floor at 29k but its not that strong and will probably break down through that with the markets hemorrhaging.

    Down more than 50 percent now and still tanking.

    Btc and gold forming opposing patterns at the same time.
     
    Last edited: May 9, 2022
  16. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    Probably, but I'll start buying sub 29k at increasing amounts
     
  17. TreasureHunter

    TreasureHunter Well-Known Member

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    What are your opinions on these? Are they worth paying attention to?

    JobChain - very little serious info on this
    Amp
    SafeMoon
    - dodgy name, might be a ShibaInu category...
    Viberate
    Constellation


    (some of these might be in the Doge/Ravencoin category, I think)
     
  18. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    I do get a bit of a laugh at the 'exuberance of youth' on here regarding the cryptos and the price action going forth from here.

    Those of us who have been around the block a few times more than you youngsters know that this price crash in cryptos (and other assets)
    is only just beginning and will play out over a number of years as it did in the great depression 1929-1939.

    And it will take nearly a generation for the decimated asset classes to regain their lost values as happened back then.

    All this talk of being near the bottom already and backing up the truck is premature ejaculation, based on nothing more than the previous
    few years of price action history in cryptos.

    We are entering uncharted territory here and we will see as many crypto investors go from riches to rags, as we saw go from rags to riches
    in the early years.
     
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  19. TreasureHunter

    TreasureHunter Well-Known Member

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    Could this be the "road to hell"?



    When countless cryptos go to zero or near zero area and collapse forever. Then, no-one would ever trust cryptos again.
    Peter Schiff will be given the Nobel-prize and Michael Saylor will work at Burger King for a living.
     
  20. mmm....shiney!

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

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