Monitoring the Crypto Bubble

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

Tags:
?

Where do you think we are in the crypto bubble?

  1. Very early (years left to run)

    22.2%
  2. Around the middle (could still run for months or a year)

    37.8%
  3. Very late (could end within days/weeks)

    24.4%
  4. It's not a bubble

    15.6%
  1. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    I agree with you there.
     
  2. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,365
    Likes Received:
    1,279
    Trophy Points:
    113
    Location:
    North Sydney

    Wow even though when I wrote the above on the 22nd of May 2022 it was as a silly joke, it is about to happen.

    Anyone wondering about the $21,000 margin call and how I know... well it is well known and and it was Microstrategy CEO who said. So I am not making it up. Plus he repeated this in many different interviews (many are on YT) not just once.

    Also if you have wallets or coin in Binance, actually in ANY EXCHANGE take it back now, this is not the time to be keeping it anywhere but in your possession.
     
    Last edited: Jun 14, 2022
    66rounds likes this.
  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    3,216
    Likes Received:
    2,856
    Trophy Points:
    113
    Location:
    Colorado USA
    This, just let gravity do its thing haha.
     
  4. PMCollector

    PMCollector Well-Known Member

    Joined:
    Feb 13, 2021
    Messages:
    592
    Likes Received:
    1,221
    Trophy Points:
    93
    Location:
    Perth
    buy right, sit tight
     
  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

    Joined:
    Mar 25, 2020
    Messages:
    867
    Likes Received:
    2,090
    Trophy Points:
    93
    Location:
    Melbourne
    Sit tight, be patient, and let the demolition come to an end, wait for the dust to settle, and for the interest rates to peak and start coming down,
    and then if you have learned nothing start buying again.

    There fixed it for you;)
     
  6. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    2,303
    Likes Received:
    1,189
    Trophy Points:
    113
    Location:
    straya
    why tf do you continue to peddle metals in a crypto thread? we are talking about liquidations, who lends against gold?
     
    mmm....shiney! likes this.
  7. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    2,303
    Likes Received:
    1,189
    Trophy Points:
    113
    Location:
    straya
    looks like celcius survived their liquidation for now, once their solvency is public will be the time to decide.
     
  8. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,730
    Likes Received:
    2,654
    Trophy Points:
    113
    Location:
    wa
    it's like inception, a crypto thread in a metals forum. Seems to me that the metals discussion takes precedent on a metals forum. Just like crypto would in a metals thread in a crypto forum
     
    adze67, tdtwedt and 66rounds like this.
  9. PMCollector

    PMCollector Well-Known Member

    Joined:
    Feb 13, 2021
    Messages:
    592
    Likes Received:
    1,221
    Trophy Points:
    93
    Location:
    Perth
    yeh, I think they have topped up few times, liq. price moved to $16,852 v25977, fascinating watching this play out
     
  10. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    The owner of this forum was the one who decided to include a crypto sub-forum.

    Following your argument that metals discussion takes precedence then there is little place for JOTD, discussion on RE/shares or the Covid discussion that has taken place over the last two years.
     
    Last edited: Jun 14, 2022
  11. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    2,303
    Likes Received:
    1,189
    Trophy Points:
    113
    Location:
    straya
    so you not allowed to like both cryptos and metals now? or make comments on relevant threads? we have to put up with metal maxi no coiners posting their dribble in crypto threads?
     
  12. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,730
    Likes Received:
    2,654
    Trophy Points:
    113
    Location:
    wa
    Actually you said that not me. I'm saying that someone posting comparison to precious metals in a crypto thread on a metals forum is fine imho. Especially in a thread dedicated to discussing the bubble like Nature of cryptos. Now if you had a thread discussing the technical of a new crypto dedicated to this or that then it would be troll like to discuss metals in it but in this thread no, your both wrong
     
    tdtwedt likes this.
  13. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,730
    Likes Received:
    2,654
    Trophy Points:
    113
    Location:
    wa
    You ok mate? That comes off a bit confrontational and is the very definition of a strawman argument.
    In a thread about the fragility and ultimate failure of cryptos the comparison to other assets that are more stable such as metals is entirely appropriate
     
    tdtwedt, 66rounds, STKR and 2 others like this.
  14. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,730
    Likes Received:
    2,654
    Trophy Points:
    113
    Location:
    wa
    Should I request a copywrite strike
    Reproduction of my material without commentary or additional information is kinda superfluous
    Curious as to the point your driving however
     
    66rounds and STKR like this.
  15. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    1,991
    Likes Received:
    3,343
    Trophy Points:
    113
    Location:
    Australia
    I thought this was a useful description of Celcius situation https://bmpro.substack.com/p/celsius-exchange-halts-withdrawals
    Isn't Celcius still in "lockdown" mode and are they not using customer funds for topping up the liquidity?

    FOMC tomorrow and any surprise there could pull the plug on all assets.

    It's so endearing with the talk of crypto "network" and "community" imo, no different to the oft ridiculed WSS/Apes - I suppose it appeals to the basic human need to 'belong' with a tribe (no matter how dysfunctional).
    At the end of the day everyone endures their own gains/losses though.
     
    STKR and 66rounds like this.
  16. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    @serial, I'm not interested in pursuing some argument with you so I'll edit my original post and delete the rest. This point I will take up though:

    There is more to cryptocurrencies than price, the asset class is not fragile nor is it failing.
     
  17. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

    Joined:
    Apr 29, 2012
    Messages:
    770
    Likes Received:
    267
    Trophy Points:
    63
    Location:
    Melbourne
    I am either recklessly stupid, or recklessly brave.
    Not sure which one.
    I have been buying more BTC overnight and this morning.

    One of the Quotes that Ben Cowen often mentions on his channel:

    Bull markets to make you money.
    Bear markets to make you rich.

    I thought for a long time about this quote and finally the Penny dropped.
    This Bear market is very different to previous cycles.
    However, it still contains the same ingredients.
    Fear and Greed.

    What makes this Bear Market very different.
    There is a potential of a major shift within the Global pecking order.
    The Empires are taking sides.
    Economies around the World face Inflation, Food starvation in some countries, Wars in others and
    to cap it off is a lack of leadership by Western Nations.
    That includes the EU.
    We appear to be entering into a deliberate dystopian future.

    I don't like what I see.

    For the moment, Cash is King.
     
  18. ParanoidAndroid

    ParanoidAndroid Well-Known Member

    Joined:
    Dec 2, 2015
    Messages:
    1,032
    Likes Received:
    652
    Trophy Points:
    113
    Location:
    S.E.Q
    I'm usually recklessly stupid which probably explains why I topped up on some Fantom today.

    Time will tell if I'm either or both.
     
  19. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

    Joined:
    Sep 30, 2020
    Messages:
    364
    Likes Received:
    285
    Trophy Points:
    63
    LOL, well I sold and bought all my BTC and will buy some more at 30k ish.
    I feel like bearer assets are king here. Unless you live on a farm and grow your own food
     
    markcoinoz and ParanoidAndroid like this.
  20. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,730
    Likes Received:
    2,654
    Trophy Points:
    113
    Location:
    wa
    Well using the typical measure of its monetary value I disagree, it is looking incredibly fragile and is a quarter of its high value. That says to me that it's failing. Is this the bubble finally bursting? We will see in next few weeks
     

Share This Page