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)

    19.8%
  2. Around the middle (could still run for months or a year)

    45.3%
  3. Very late (could end within days/weeks)

    22.1%
  4. It's not a bubble

    12.8%
  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    A real bottom will only happen if there is capitulation which is dependent on what price the majority of holders got in. If my cost price is a couple bucks, I may probably not sell even if the price drops to $1000 as it is still way more than my cost.
     
  2. Gullintanni

    Gullintanni Well-Known Member

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    ETH down at $120 is just stomach churning.
     
  3. Jim4silver

    Jim4silver Well-Known Member

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    It seems like everyday there is another story about people owning cryptos and getting screwed. Hard to believe so many smart people think cryptos are the wave of the future. Perhaps someday when a country creates or adopts a crypto system it will be more secure?

    Right now you'd be safer keeping your $$$ in a US bank and being over the FDIC limit (about the worst example of keeping your $$$ safe I can think of). For the record, I don't have any crypto nor over the FDIC limit personally.

    https://www.cnet.com/news/crypto-founder-dies-taking-only-password-and-190m-with-him/
     
  4. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    I'd feel safer keeping my money as Binance tokens. Think Google in the late 90's. Binance is the equivalent plus tenfold over the next decade in terms of functionality.

    Google will look like the first mobile phone by then. A brick with an antennae.
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Why can’t they design a crypto whose ownership can be tracked publicly just like domain names? If domain names are stolen they can easily be returned as all ownership records are public.
     
  6. dozerz

    dozerz Well-Known Member Silver Stacker

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    domain names are centralised and managed by a central registrar, something crypto is not.
     
  7. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

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    Wouldn't be a blockchain if you could just take tokens off someone... who would decide the owner / moderate this process of token retrieval?
     
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  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Take the Nano saga over at BitGrail. Some calling for a fork so that owners can get their lost tokens back as a new token, others rightly arguing that this is exactly the sort of executive interference we don’t want.

    I unfortunately agree with the latter, even though I was a victim of the theft. Expensive lesson to learn.
     
  9. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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  10. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    ^ the market would have something to say about that though = mass devaluation if the devs ever did something like that.

    Binance is an exchange, they’re not issuing new coins or forking.

    Edit to add: and I think it’s impossible to confiscate assets as all Binance stores is records of transactions on a blockchain. They can freeze them and that’s about it. In fact no one possesses any crypto, the only thing in a wallet is a record of a transaction ie a copy of a line in a ledger.
     
    Last edited: Feb 6, 2019
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Never had this problem with domain names. There are hundreds of domain registrars around the world that manages hundreds of millions of domains in hundreds if not thousands of extensions that can decide a domain is owned by which person and you don't people complaining that their domain has been stolen by a registrar. But of course, domain registrars are serious businesses and are not run by hackers.
     
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  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Because domain registers rely on trusted centralised authorities (businesses).

    Whereas as blockchain have been invented as trustless systems. We need to always keep this in mind when we attempt to compare blockchain to other forms of registers or ledgers. That's not to say that centralised authorities are always trustworthy either.
     
    Last edited: Feb 6, 2019
  13. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

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  14. Ag

    Ag Well-Known Member Silver Stacker

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    "A frequent tactic used by domain hijackers is to use acquired personal information about the actual domain owner to impersonate them and persuade the domain registrar to modify the registration information..."

    Sure domain hacking is possible, but so is financial fraud and credit cards taken out in your name. Basic everyday security makes this an unlikely event. If your domain is hijacked then be more worried about your financial affairs and loosing some web traffic
     
  15. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    The bulls walk up the stairs – bears jump out the window.
     
  16. Bromista

    Bromista New Member

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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I believe that Domain hijacking is very uncommon. Haven't heard it happen to anyone I know personally or any net acquintance on any forum.

    One of the ways it could happen if when the hacker who targets your domain knows your domain registrar (e.g. godaddy) website logon credentials, and has access to your email account. Using this 2 information, he can push the domain to his own registrar but even then as all domains are only leased and not own, the domain can still be retrieved by the rightful owner if he can prove his identity.
     
  18. Bromista

    Bromista New Member

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    I see, thank you for explanation!
     
  19. leo25

    leo25 Well-Known Member Silver Stacker

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    Nice to see Bitcoin regain a lot of market cap (currently over 59%). Is this a sign that this market is starting to become more mature and the days of shitcoins are over? I hope yes.
     
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  20. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Yea, definitely interesting to watch.

    I must say I'm suprised, so far, I was expecting another BTC winter ( aka 2015-2017 ). Suprised confidence appears to have returned so soon.

    But with that said, I'm still a little suspicious of what role Tether / Binance / Bitfinex / Whales are playing in this whole thing. There are some suspiciously large pumps happening, everytime interest appears to wane. But FOMO appears to be in full swing now....

    I no longer have much skin in the game, so I'm enjoying the side show :)

    I have a Coinjar Swipe card, so I'm simply milking the profits off as they come. Filled my car up, bought a coffee and I'm currently drinking a beer that cost me nothing....thanks to the last 24 hour profits :D. If it crashes tomorrow... Meh.
     
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