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. jerrygold

    jerrygold Active Member Silver Stacker

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    Why do you care if anyone here loses money investing in anything? You seem to really care and want to alert people. This is odd behaviour for a man as a man knows other men already know this. A man knows other men don't want to be protected from themselves. It is like people who think those who invest in gold and silver are morons and will lose their money, you see the irony right?

    From what I can read between the lines most people here including myself are telling people they should get involved in crypto purely because its easy to make money right now. We are happy because we were successful and aren't here shilling shit to make more money. southerncross sounds happy to me, he is seeing things in a new way due to the easy money he made, meanwhile people like you seem bitter. Besides crypto being a get rich quick scheme, which it is right now as even you admit, it is also a very innovative technology that allows things not possible before.

    Why are you allergic to get rich quick schemes? Because they all fail eventually? Who gives a shit if you can get rich now with it? If you go in knowing it could all collapse tomorrow then what else do you need to know? You could get rich, you could lose it all. Better to have some skin in the game than live your life like a scared chicken.
     
  2. dozerz

    dozerz Well-Known Member Silver Stacker

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    read a good one today https://twitter.com/devilscompiler/status/948424113646784513

    Signs of crypto bubble:
    - Ripple, centralized and censorable, $100B
    - Cardano, barely launched, $20B
    - Qtum, no product yet, $4B
    - Verge, actual vaporware, $2B
    - Bitconnect, literal Ponzi scheme, $2.5B
    - Bitcoin Gold, trivial fork of Bitcoin, $4.5B
     
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  3. mmm....shiney!

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

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    What's the problem with a private currency being centralised? Every company centralises their decision making processes and power structures as a mechanism to make a profit. Reputation is what attracts investors and gives them the opportunity to join in and share some of that profit.
     
  4. dozerz

    dozerz Well-Known Member Silver Stacker

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    decentralisation is all about concensus and governance. there is nothing stopping ripple from changing the amount of supply or anything about the coin. decentralisation makes changing properties very difficult. remember this is just computer code and properties are not real, this is the reason bitcoiners think altcoins are potentially worthless, in that their properties can be changed at any time. note crypto currency properties are not real, they are decided by computer code and who decides their properties?
     
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  5. mmm....shiney!

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

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    From a non-bitcoiner's perspective, and a libertarian one, as long as that process of centralisation remains completely voluntary eg unlike the centralisation of our social phenomena such as money and markets, then I haven't got a problem with the ripple foundation calling the shots. In the end it will be the customers and users of their service that will decide the properties anyay, just as my customers decide on my behalf what products I sell to them.

    What would be even better would be a shareholder system where holders of XRP would get to vote on any changes to those properties - for a price.
     
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  6. renovator

    renovator Well-Known Member

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    @southerncross throw the moringa leaves in your soup/stews etc in my time abroad they ate malungay (moringa, drumstick tree among the other names it has)all the time although i bet you already knew that .ive eaten a shitload of it my missus loves it . thought i would just put it out there for others if they didnt know about it google "the miracle tree" its got some serious nutritional value
     
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  7. mmm....shiney!

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

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    I’m not going to object to s centralised private coin if I’m making a shitload from it.

    I’ll leave the philosophical angst and hand-wringing to the bitcoiners.
     
  8. mmm....shiney!

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

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    No plans on holding long-term, have a definite figure in mind then it’s bail out time and quite achievable I think in the next few months too, maybe sooner.
     
  9. mmm....shiney!

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

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    Then why don’t you do it?
     
  10. jerrygold

    jerrygold Active Member Silver Stacker

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    Only value shitcoins have is making you richer. Its a risky, fun game. Like duck, duck, shit. I've lost and made thousands on shitcoins, hail the shitcoin gods!
     
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  11. leo25

    leo25 Well-Known Member Silver Stacker

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    Good to see Coinmarketcap has removed Korean exchanges from their price average. Those Korean exchanges are nuts.
     
  12. leo25

    leo25 Well-Known Member Silver Stacker

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    A lot of people cashing out and not many new guys coming into the market. Good to see these corrections happening. I'm still hoping bitcoin gets down to the $7000 USD level.
     
  13. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Does look like a serious correction.

    Weak wrists sink ships. I just made that up.

    Time to buy more.
     
  14. dozerz

    dozerz Well-Known Member Silver Stacker

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    leo25 likes this.
  15. jerrygold

    jerrygold Active Member Silver Stacker

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    How to make money with bitcoin on January 11 2018.
    1) Wait for negative article to be released
    2) SELLLLLLLL
    3) Price drops 15% in an hour
    4) Buy back making 15% more bitcoins
    5) Wait for next cycle
     
  16. leo25

    leo25 Well-Known Member Silver Stacker

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    Now to wait and see if it come back up 15% or falls another 15% :)
     
  17. leo25

    leo25 Well-Known Member Silver Stacker

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    if only developers spent more time trying to create a good decentralised exchange instead of pumping out shitcoins.
     
  18. jerrygold

    jerrygold Active Member Silver Stacker

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    Bitcoin law 101, what goes down always goes back up!!!!!
     
  19. leo25

    leo25 Well-Known Member Silver Stacker

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    Well on the good new, Dogecoin's marketcap is still over 1 billion ;) So some people are still bullish.
     
  20. camylopez

    camylopez Member Silver Stacker

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    https://bisq.network/
     

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