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)

    22.6%
  2. Around the middle (could still run for months or a year)

    37.6%
  3. Very late (could end within days/weeks)

    24.1%
  4. It's not a bubble

    15.8%
  1. serial

    serial Well-Known Member Silver Stacker

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    Yes it is. If our read it you will see v that I point out thatvthe details of it do not make it a good thing. It is just complexity for the sake of complexity most the time. The overall argument is sound.
    But the wonderful thing is we can disagree and both be as right as the other atm. It will take time to decide who is right long term
     
  2. mmm....shiney!

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

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    @serial, this is not a gold v crypto debate. It's a physical reality v digital reality debate and my position is that both realities exist and that we derive value from both forms. As such I am not concerning myself with making comparisons between BTC for example and gold. I'm not interested in that topic because they both exist, one in a digital world the other in a physical.

    This is what Schiff and other anti-crypto gold bulls are so hung up about and why I argue that they don't understand. It's not one or the other. It's not a choice between physical or digital reality. It's about what functions best in each and why we assign value to objects that exist in the real world and to objects that exist in the digital. Each have their place, but you can't go around and dismiss the value we place in objects that exist in the digital world just because they're not tangible. Or you could I suppose. But then you'd be mistaken.
     
    Last edited: May 13, 2022
  3. serial

    serial Well-Known Member Silver Stacker

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    You can't dismiss the value anyone puts on anything. Be it a Picasso painting or a blow job in the strip club. If someone is willing trade something for something then both have comparative value in the eyes of the people engaged in the trade.
    The whole point of this thread is about cryptos value being a bubble and its eventual demise when the bubble burst.
    It's ultimate value will be in line with its perceived utility value which is $0 imho.
    Or does it have a utility beyond being a trade/investment vehicle?
     
  4. mmm....shiney!

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

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    Sorry mate but you are going to great lengths to dismiss the value of cryptos. Based upon limited knowledge.
     
    Last edited: May 13, 2022
  5. serial

    serial Well-Known Member Silver Stacker

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    Hey you did ask me to explain my position.
    You are going to great lengths to not offer a counter. I even asked a direct question
     
  6. mmm....shiney!

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

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    @serial , @dozerz pretty much covered it.

    I'll be more blunt. You claim to understand the crypto market yet you pose a question of utility beyond transaction/investment?

    Massive fail there.
     
    Last edited: May 13, 2022
  7. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    You'll get another shot at it imo.
     
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  8. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Serial, waste of time trying to reason with mental giants like shiney, dozerz, and paranoid hemorrhoid.

    They will drag you down to their ignorant and abusive levels and beat you with experience.

    Those of us holding physical will have the last laugh soon enough.

    PS: Speaking of @ParanoidHemorrhoid I used to enjoy his posts on Reddit before he closed his account and took up residence here;)
     
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  9. mmm....shiney!

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

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  10. serial

    serial Well-Known Member Silver Stacker

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    Yet you fail to answer it.
    It's because their is no real value in crypto beyond a desire to make a quick buck. Take the confidence away and the true value will be found as people flood the market trying to abandon ship
     
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  11. mmm....shiney!

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

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    @serial, ok I'll bite.

    DeFi, smart contracts, DEX, scaling, cloud computing, metaverse, gaming, Stablecoins blah blah blah blah...............
     
    Last edited: May 13, 2022
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  12. mmm....shiney!

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

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  13. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    It may not be wise to use Stable Coins to back up your position (right now) :eek::p
     
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  14. mmm....shiney!

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

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    Lol, I'm pretty happy to stand behind solid projects.

    Screen Shot 2022-05-13 at 9.11.07 pm.png
     
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  15. TreasureHunter

    TreasureHunter Well-Known Member

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    Is the correction over?

    Some news sources claim "buying opportunity" ahead.

    What do you think?
     
  16. heartastack

    heartastack Well-Known Member Silver Stacker

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    BTC uninteresting (to me) till around mid 2023. Traders will always have a buying opportunity every day. Gamblers will be destroyed and feed the traders. Investors will be slow, hesitant, risk averse and pull the market lower.
     
  17. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    I feel like there is a lot of downside.

    But in this economic environment it's hard assets and food that are more appealing. Crypto is a gamble. But it's good to watch the trends: how deep will it go and how long will it stay "down".
     
  18. mmm....shiney!

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

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    And here we have a prime example of the quality of posts that some here are attempting to defend. At least @serial gave it a go trying to refute our arguments, despite his erroneous knowledge base. All this bloke does is abuse people and make completely unjustifiable statements and slag off members such as @ParanoidAndroid who have not even posted anything in relation to this debate.

    Righto @hardyakkagold, why are you and the Peter Schiffs of this world trying to turn this into a gold v crypto debate? Do you accept that all value is assigned by humans to objects according to the ends we choose? Do you dispute the fact that value is not intrinsic in objects, rather that it is within humans and finds its expression in the way in which we react to our environment? Do you deny the existence of a digital reality present alongside a physical reality? Do you accept that in reacting to our digital environment we assign value to non-physical things according the ends we choose? Do you challenge the notion that utility cannot be measured, that it can only be ranked according to an individual's subjective valuation based upon the decrease/increase in satisfaction achieved according to the ends we choose?

    There's some questions for you to ponder and to hopefully respond intelligently.

    @serial, they're for you too. Especially the one about value residing in humans, not in objects - which relates to your assertion that cryptos require a "third party" or outside object (technology) in order for them to have utility. If you want to go down that road, which is a logical dead end mind you, every need/want we choose to satisfy relies on us using capital goods as a tool, whether it's a shovel to dig a hole - in this case we value a hole, regardless of whether we have the means (ie shovel) to an end, or a computer to send digital payments from one bank to another which in this case we value a payment for a good, the good is the desired outcome and is valued independently of the means to pay ie computer. The presence or absence of those capital goods at the time does not alter the value we assign to an end, all that it may change is the urgency in our desire to achieve it or our capacity to achieve it at all.
     
    Last edited: May 14, 2022
  19. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Why on earth would you presume people discussing crypto on a PMs forum would hold no physical ?

    Thats a new level of stupid ser...even for a retard like you
     
  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Buying opportunity "ahead" like inflation is "transitory".

    If they knew anything they would have warned everyone to sell. They are window lickers.
     
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