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. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    ….

    where are our crypto-warriors?!
     
  2. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  3. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Yes, a buying opportunity that's for sure.

    Bitcoin down 7% for the day and 10% for the week, if that's not a bargain then I don't know what is.

    Shiney had already purchased another 1/100 bitcoin with the money that was raised for his retirement.

    Word on the street is that one of the whales (Elon Musk) is selling, once the CBDC is ready to be
    rolled out worldwide all the whales will be told to dump and the price will crash to next to nothing,
    so all the plebs will be wiped out and forced onto the new system.

    c3549d16 (2).gif
     
    Last edited: Aug 18, 2023
    tdtwedt likes this.
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I'm still waiting for 15k or less. It's more of a Gamestop play since it's not really an asset.
     
    Last edited: Aug 18, 2023
  5. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    Below is what Bob Loukas had to say on X.

    New #bitcoin[​IMG] highs makes this Week 19 high (previously Week 4) for 26 week Cycle. Right Translated. Strange looking cycle, but can't argue with it. Puts sub $25k retracement in very unlikely camp now. All bets off now. It's acting like more than handful know the ETF results.

    [​IMG]
     
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  6. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I remember he said the cycle could be right translated. Ben Cowen was saying prices could move down in the second half of 2023. Will have to wait and see
     
  7. pmbug

    pmbug Active Member

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    Also anticipation of the next halving event expected around April 2024. Doesn't hurt that Larry Fink (Blackrock) has been talking it up and mainstream investment advisors (Morgan Stanley, Jefferies) are starting to recommend it.

    https://www.morganstanley.com/artic...icle&et_mid=518120&et_mkid=&sfmc_id=175970051

    https://www.kitco.com/news/2023-10-...commends-10-allocation-for-pension-funds.html

    https://www.coindesk.com/markets/20...-bitcoin-and-gold-as-geopolitical-risks-rise/

    https://www.crypto-news-flash.com/b...reedom-as-bitcoin-etf-approval-inches-closer/
     
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  8. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I think he referred historically that the highs of BTC post halving are 6-12 months after halving. But because everyone is starting to expect it, the highs may occur sooner, resulting in a right translated cycle.
     
  9. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    I have the next resitance level at 36,400 to break through and then the next major level, 50% high to low at 42,100.
    Agree with you that there will need to be a healthy pullback. Where I differ with your chart, I don't see the pullback being as severe wiping out most of 2023 gains.
    I would expect a 50% retracement from the high once the momentum drops of. At present it is gaining momentum for the next leg up IMHO.

    upload_2023-10-26_14-2-13.png
     
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  10. pmbug

    pmbug Active Member

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    WARNING: EXTREME BULLISHNESS FOLLOWS - DYODD


    https://www.kitco.com/news/2023-10-...rash-This-is-the-timeline-Stephan-Livera.html
     
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  11. pmbug

    pmbug Active Member

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    As I understand it, the timeline looks to be:

    January 10 - SEC ruling on ARK Invest's BTC ETF (the first BTC ETF ruling on their schedule) comes due.

    March 15 - SEC ruling on Blackrock's BTC ETF comes due.

    April ?? - BTC halving estimated to happen around this time

    Next year is looking like it's going to be a wild ride for crypto.
     
  12. pmbug

    pmbug Active Member

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    A mish-mash of tid-bits:
    https://www.coindesk.com/tech/2023/...rd-a-scalable-settlement-layer-goldman-sachs/

    Gas fees are the biggest impediment to Ethereum's growth (and a reason that challengers like Solana are finding room to grow). I don't know if this update will completely solve Ethereum's issue, but even partial progress is going to be good for Ethereum.

    ~~~

    Lost in the media noise about Druckenmiller's criticisms of Janet Yellen at the recent conference with Paul Tudor Jones is this bit of Bitcoin related discussion:
    https://www.kitco.com/news/2023-10-...t-could-rival-gold-Stanley-Drunkenmiller.html

    ~~~

    Bold emphasis is mine:
    https://www.coindesk.com/markets/2023/11/02/heres-why-bitcoin-will-10x-from-here-michael-saylor/

    I wasn't aware of any Bitcoin accounting rules change. Interesting.
     
  13. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    [​IMG]
    Sam Bankman Fried - Guilty by Jury on all 7 Counts.
     
  14. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    Sam Bankman-Fried Faces Maximum Sentence of 115 Years in Prison.
    He will be sentenced 28th March 2024, just before the BTC Halving.

    I am expecting he will get at least 20 years Jail time without being able
    to play "World of Warcraft". He won't be happy about that.:D
     
  15. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    pretty such that’s the ‘least in his mind’ in jail….he’s more likely to be worried in shower cubicle…cause pretty sure there are ppl lost money cause of him.
     
  16. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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  17. pmbug

    pmbug Active Member

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    https://www.kitco.com/news/2023-11-...t-BlackRock-has-filed-for-a-spot-ETH-ETF.html

    https://twitter.com/SummersThings/status/1722630271013675199
     
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  18. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    If anyone acted on this when I posted this gem yday they would be up approx 40%.

    This is going to $20.....
    Dont say you werent told.......twice
     
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  19. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    Here is one that I bought into.
    PYTH is an oracle on the Solana Network that has only been listed for a few days.

     
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  20. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I dislike InvestAnswers. He was a huge solana shill back in 2021, which is fine because everything was going up. But then he had Alex Machinskey from Celsius on his platform a few days before they froze withdrawals and was promoting buy the dip all the way down in 2022. No credibility imo.
     
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