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)

    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. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    2,866
    Likes Received:
    924
    Trophy Points:
    113
    Location:
    Sydney
    Yea this is still an issue for me too. Makes it very hard to tell where true value is with so much distortion. Maybe they will act like central banks and just keep pumping it.
     
    Silver260 likes this.
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,125
    Likes Received:
    544
    Trophy Points:
    113
    Location:
    Singapore

    Depends on where you are. In China the value is zero as it is banned.
     
  3. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    1,425
    Likes Received:
    435
    Trophy Points:
    83
    Location:
    straya
    lol maybe the chinese government have confiscated all bitcoin sending the price to zero?
     
    mmm....shiney! likes this.
  4. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    5,913
    Likes Received:
    775
    Trophy Points:
    113
    Doesn't banning something usually make it more expensive?
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,125
    Likes Received:
    544
    Trophy Points:
    113
    Location:
    Singapore
    When the communist party is set to ban something, you won’t even be allowed to think about it or have thoughts about it in your mind, let alone own it.

    They haven’t really outright banned bitcoin yet though.
     
  6. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    2,866
    Likes Received:
    924
    Trophy Points:
    113
    Location:
    Sydney
    Though people in China seem to have no issues getting around "banned" web sites by just using a VPN. So make of that what you will.
     
    Silver260 likes this.
  7. Silver260

    Silver260 Active Member Silver Stacker

    Joined:
    Dec 11, 2014
    Messages:
    118
    Likes Received:
    122
    Trophy Points:
    43
    Location:
    Queensland
    Exactly, China is still the single largest mining nation and the fourth largest trader. So if they can't ban it, who can?. Just food for thought, regardless of your views on the value of Bitcoin.
     
  8. Silver260

    Silver260 Active Member Silver Stacker

    Joined:
    Dec 11, 2014
    Messages:
    118
    Likes Received:
    122
    Trophy Points:
    43
    Location:
    Queensland
    So.....I think it's possibly time to make yet another call, on how silly the price will get this time.

    Remembering this is technically Bitcoins fourth "bubble" . The first was $100, from $1.00, before it promptly crashed. Then we had $1000, back to $250, followed by $20,000, back to $3200.

    What this time?
     
    Last edited: May 12, 2019
  9. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

    Joined:
    Sep 15, 2009
    Messages:
    2,491
    Likes Received:
    130
    Trophy Points:
    83
    Location:
    Adelaide
    [​IMG]
     
    leo25 and Silver260 like this.
  10. Silver260

    Silver260 Active Member Silver Stacker

    Joined:
    Dec 11, 2014
    Messages:
    118
    Likes Received:
    122
    Trophy Points:
    43
    Location:
    Queensland
    images (82).jpeg
     
    mmm....shiney!, Ivykoin and leo25 like this.
  11. Phiber

    Phiber Active Member Silver Stacker

    Joined:
    Nov 21, 2012
    Messages:
    1,608
    Likes Received:
    15
    Trophy Points:
    38
    Location:
    Australia
    Another X10 from the last top would be interesting to say the least :D
     
  12. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    18,376
    Likes Received:
    1,722
    Trophy Points:
    113
    Location:
    昆士蘭
    Screen Shot 2019-06-01 at 1.29.44 pm.png

    Chart is in USD. Look at that volume Apr/May 2019.
     
  13. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    5,913
    Likes Received:
    775
    Trophy Points:
    113
    A lot more resilient than I anticipated. But how long will it last?
     
    mmm....shiney! likes this.
  14. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    18,376
    Likes Received:
    1,722
    Trophy Points:
    113
    Location:
    昆士蘭
    Well, let’s just say at this stage we’re nearly half way to the highs of 2017, but my hairdresser is not talking crypto, it’s not a topic in the social pages of Facebook and I haven’t fielded any phone calls/emails/PMs from family or friends in a state of FOMO. So maybe a while yet.

    But as @Bullion Baron used to delight in reminding me, I was one of 2 or 3 forum members who said that crypto was not in a bubble. I’m on his ignore list now (along with @dozerz coz we’re trolls apparently) so it’s up to me to remind everyone of the bad call I made at the beginning of 2018. Or was it? :D

    It was the volume bit over the past couple of months that raised my eyebrows.
     
  15. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    5,913
    Likes Received:
    775
    Trophy Points:
    113
    'It's not a bubble' was my answer in the poll too. I think at some point it will probably go higher than the 2017 high, but I'm not brave enough to put figures on when or how high.
     
  16. ParanoidAndroid

    ParanoidAndroid Well-Known Member

    Joined:
    Dec 2, 2015
    Messages:
    723
    Likes Received:
    304
    Trophy Points:
    63
    Location:
    S.E.Q
    Same. No bubble yet. But I did learn something from the last run up, and that is to not be afraid of selling when you're up over 35k %.

    Now I need to go and fire up the arcade and play Pitfall.
     
  17. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    18,376
    Likes Received:
    1,722
    Trophy Points:
    113
    Location:
    昆士蘭
    It’s hard to sell though when you think it’s going to keep going. That was my mistake too @ParanoidAndroid
     
    ParanoidAndroid likes this.
  18. ParanoidAndroid

    ParanoidAndroid Well-Known Member

    Joined:
    Dec 2, 2015
    Messages:
    723
    Likes Received:
    304
    Trophy Points:
    63
    Location:
    S.E.Q
    Pulled up my Pitfall game to respond. At least it's not costing me 20c a game like the old days.

    At the time I had the full discussion with the wife "Here we are, we can sell and pay off the mortgage. If we hold on a bit longer we could sell, pay the mortgage and get a new car" We decided to hold. That particular holding is now worth $300 AUD. We've vowed to sell when the mortgage and associated taxes are covered which is pretty soon if things keep going as they are.

    Having said that, we both agreed we need to keep at least some skin in the game for the long term.
     
    willrocks and mmm....shiney! like this.
  19. Krakked789

    Krakked789 Member

    Joined:
    Apr 12, 2016
    Messages:
    100
    Likes Received:
    24
    Trophy Points:
    18
    Location:
    Melbourne
    Easy to get greedy. That was my mistake until I finally took profits - albeit severely diminished - in April 2018.

    I think Bitcoin will pull back to around 6000 USD at some point, before going on a ripsnorting bullrun.
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,125
    Likes Received:
    544
    Trophy Points:
    113
    Location:
    Singapore

Share This Page