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. heartastack

    heartastack Well-Known Member Silver Stacker

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    Reminds me of this thread.. - linking to the forum archive from back then when BTC was $8 or something. And yes, a lot of forum members from back then obviously walked away as multi-multimillionaires after being 'schooled'.

    https://www.silverstackers.com/forums/index.php?threads/crypto-perspectives-from-9-years-ago.101789/
     
  2. mmm....shiney!

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

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    I think that all that has changed are the usernames. ;)
     
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  3. dozerz

    dozerz Well-Known Member Silver Stacker

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  4. dozerz

    dozerz Well-Known Member Silver Stacker

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  5. mmm....shiney!

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

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    15. Rewards

    Gamification rewards users with tokens that can be exchanged for goods/services or more valuable tokens. From a Coingecko email I received:

    Move 2 earn:

     
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Let's get some traction to drive BTC below $21,000 to bankrupt MicroStrategy

    Just planting the seed in few forums
     
    Last edited: May 22, 2022
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  7. heartastack

    heartastack Well-Known Member Silver Stacker

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    What's significant about 21k?
     
  8. mmm....shiney!

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

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    https://www.fxstreet.com/news/micro...e-bankruptcy-on-bitcoin-collapse-202205121133:


    I'm more curious as to why the member wants to bankrupt Micro Strategy in the first place?
     
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  9. serial

    serial Well-Known Member Silver Stacker

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  10. mmm....shiney!

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

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    ^ the point you're making eludes me.
     
  11. heartastack

    heartastack Well-Known Member Silver Stacker

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    [​IMG]
     
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  12. serial

    serial Well-Known Member Silver Stacker

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    Heartastack gets it.
    Why do cats knock shit off tables, just because they want to
     
  13. mmm....shiney!

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

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    So it's a rather pointless goal then?
     
  14. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    I have no beef with MicroStrategy but wallstreetbets (doubt they have any fire-power as most would have bought ARKK at its absolute high than started watching hodling Diamond hand YT/tiktoc vids and be margin called by now) potentially could run with it, than can buy btc cheaper
     
    Last edited: May 23, 2022
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  15. mmm....shiney!

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

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    That makes more sense than the other explanation on offer.

    Tough ask though, especially when they've got around 4.5x as many assets not encumbered
     
    Last edited: May 23, 2022
  16. STKR

    STKR Well-Known Member Silver Stacker

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    I enjoy watching conglomerates crash and burn when they over-leverage themselves and take on considerable risk on the back of a speculative markets. Big money playing with fire and going up in smoke! It's enjoyable because it's predictable.
     
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  17. mmm....shiney!

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

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    Obviously MSTR don't share your view on the probability of the outcome.
     
  18. STKR

    STKR Well-Known Member Silver Stacker

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    I don't think Michael Saylor and I share any views. This is especially true when he says things like this:
    "Bitcoin is better than gold. To call it digital gold is an understatement. It really is the hardest money in the history of the world."

    He sounds like the Mike Maloney of Crypto.

    Beyond Bitcoins volatility and speculative nature, how much interest would people really have in Bitcoin? Sure, it has some features as you've outlined previously but what does it really have to offer beyond what our current systems can already provide? What gap does Bitcoin specifically fill? I mean, Bitcoin has significant limitations in how many transactions can take place per second. Bitcoin has established itself on the back of speculative opportunity. Without volatility and a favourable climate, Bitcoin would only see ongoing interest from diehard fans and no-coiners jumping onboard thinking they'll get rich. If you took away the speculative element of Bitcoin, the capital inflows would trickle down to a small stream of hopefuls. Bitcoin doesn't produce anything of Benefit that is solely reliant on it's existence. The technology and infrastructure may be a result of it's inception, but it doesn't need Bitcoin to exist or to add benefit.

    Bitcoins ongoing adoption and interest is completely dependent on continued speculative investment support. Claiming it's "the hardest money in the World" is ignorant. It could easily be pushed aside to make way for something bigger, better and more functional + practical. That's the risk it poses. It's not "needed". The world would still move along and function perfectly fine without it's existence. Except now a serious crash could pose significant risks to some over-leveraged companies like MSTR and supporting financial institutions. It would be a necessary cleansing IMO.
     
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  19. serial

    serial Well-Known Member Silver Stacker

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    You ever tried explaining that to a cat?
     
  20. mmm....shiney!

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

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    There's nothing predictable about leveraging, it works at times, at others it doesn't.

    I don't necessarily share Saylor's views entirely, but to suggest that a crash and burn is predictable ignores market demand and the value that BTC adds. I'm not particularly interested in the gold v BTC debate so you won't get me defending his comments around any comparison to gold.

    snip

    The Whitepaper sets out the problem that BTC seeks to solve.

    https://bitcoin.org/bitcoin.pdf

    The infrastructure also requires the use of BTC as the incentive for maintaining the P2P network.

    Apart from the fact that that claim can be levelled at any asset class, ongoing adoption and interest is continuing at a pleasing pace:

    https://lightning.network

    Taproot:

    https://www.investopedia.com/bitcoin-taproot-upgrade-5210039

    Stacks (STX):

    https://coinmarketcap.com/currencies/stacks/
     
    Last edited: May 23, 2022
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