Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

  • Total voters
    146
Skyrocket said:
I don't feel sorry for all them people that bought in at double the price now, especially if they sold their metals for it.
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Gullintanni said:
It aint gloating it is just pointing out facts.
Personally i think Bitcoin will be dead in a couple of years but still plenty of ups and downs to make money on it.
This may well be a buying opportunity for many.
I myself am doing the shitcoin thing at the mo and buying low and selling when they get pumped.
Buy a shitcoin for 0.00000001 Bitcoin and sell when it gets pumped to 0.00000200 or more.
The only problem is i am not making millions because the volumes are very low (5-10 Bitcoin)but certainly small thousand and hundreds to be made in quick time.
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Taking pleasure in the mistakes of others is mean spirited.

Personally I would never want any of you to fall on hard times and if you did I would never rub your noses in it.

On a personally level I don't know what to make of crypto. I have invested a little but have more PM. That being said. Technology is getting more and more powerful. Microchip wallets in our hands 20 years from knows, who knows. And will they remain country based currency or a new idea, related to the block chain? Possibly.

Many poor souls lost there money and lives in the gold rush moments, for PMs you so stand by.

Crypto didn't come around and clearly gain traction and be adopted with there being some sort of reason. It`s just evolution.

Hard Money - FIAT Currency - Cheques - Cards - Bank Transfer - Eftpos

I don't think it's outlandish to think there will be a future in this. Will it be any of the current cryptos? Probably not.

Any way.
 
I guess I don't see it as so much as adopting a currency. It`s almost like buying shares in a non brick and mortar company, and investing in their ideas of what to do with Block chain Technology.

Dangerous of course. But life is a gamble. Could always keep the money in a bank. Low returns for.low risk.
 
Skyrocket said:
It's backed by gold, which is a precious metal if you forgotten.
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So Gold is backed by gold? Well then, if you are arguing along that line Ethereum is backed by Ethereum. Which if you understand Ethereum is a pretty convincing argument.
 
Soprano16 said:
do you think we all need to be saved by you
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no one is saving anyone here, we are all just voicing an opinion on a forum
Soprano16 said:
shows how incompetent
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Soprano16 said:
reflection of their own inabilities
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see why is it that having an opposing opinion automatically means we are incompetent? this is the common argument used by bitcoin enthusiast that I get sick of hearing, for all you know I have read all that there is to know about it and still hold the position that it is currently a Ponzi scheme when it comes to investing that requires the constant flow of new money to work as an investment vehicle and should that money stop it will collapse to its intrinsic value (yes I know some of you don't believe in the concept of intrinsic value, that is a whole different argument)
in this case its real value is as a currency of trade and that is a hard number to quantify in the current tulip bubble market you have
as for the tech being the future I actually believe the governments would love that, they would be able to take over and control all transactions with this tech and isolate people by simply removing their right to a wallet. either way I will stick with my gold and silver (and collectables that I like)
 
Scottspurs said:
Taking pleasure in the mistakes of others is mean spirited.
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I don't feel that sorry for people that sold their metals to go buy crypto's like bitcoin and now lost half of it. They should have known better because everything is in a bubble except for PMs. They first bought PMs to have something outside of the system that is tangible and is a preservation of wealth and then they sold their undervalued PMs to go gamble in a ponzi scheme crypto bubble. They should have known better.

Others here can talk about the block chain technology and praise it all they like but sooner or later the powers that be will use it to ban cash and enslave us all is my opinion. BM foretold that.
 
serial said:
no one is saving anyone here, we are all just voicing an opinion on a forum
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And that's totally cool. I don't have a problem with people who don't like crypto, but I don't understand the need to come back time and time again to repeat the same anti message.

serial said:
see why is it that having an opposing opinion automatically means we are incompetent? this is the common argument used by bitcoin enthusiast that I get sick of hearing, for all you know I have read all that there is to know about it and still hold the position that it is currently a Ponzi scheme when it comes to investing that requires the constant flow of new money to work as an investment vehicle and should that money stop it will collapse to its intrinsic value (yes I know some of you don't believe in the concept of intrinsic value, that is a whole different argument) in this case its real value is as a currency of trade and that is a hard number to quantify in the current tulip bubble market you have
as for the tech being the future I actually believe the governments would love that, they would be able to take over and control all transactions with this tech and isolate people by simply removing their right to a wallet. either way I will stick with my gold and silver (and collectables that I like)
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Sounds like you're doing exactly what I said and grouping all crypto's under Bitcoin, and assuming it's value is solely a currency of trade, and that in turn is what I am referring to as incompetent. This is an extremely infant market still and of course like any new market it will require new money especially in the early phases.

There's no doubt that elements of crypto are going to become centralised, and in some aspects we actually need it to be to protect investors but the simple reality is that crypto is here to stay whether you like it or not. Yes there is still a long way to go and a lot of things need to change/improve but this is not a ponzi scheme at all. More and more institutional money will continue to enter this space to fund more and more of the tech being delivered. There's already a lot of big businesses in crypto or looking to get into crypto, so again if you don't like it then fine, that's cool, and you're entitled to your opinion just like I am entitled to mine when I think anyone who calls it a ponzi is clueless

And I want to be clear that I am just giving my opinion from the opposite side of the fence to you. There is nothing personal or malice mate, just two people having a healthy debate :)
 
willrocks said:
23o9cp.jpg
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I am curious. Is that meant to read $50000 worth of Bitconins. Or 50000 Bitcoins and whatever their appropriate symbol is, which isn't a $?

LOL
 
Scottspurs said:
I am curious. Is that meant to read $50000 worth of Bitconins. Or 50000 Bitcoins and whatever their appropriate symbol is, which isn't a $?

LOL
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From his dumb facial expression you can tell he is talking about $50,000 worth of gold plated bitcoins from aliexpress!
Physical-bitcoin.jpg.jpg
 
bubblebobble2 said:
down 30% BUY! BUY! BUY!!!
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I've got a few buys planned, just holding off waiting to see what happens and for a possible brief climb. I'm nervous because I've got some positions open on my trades and don't want to pull the pin on them at a loss. Main one is ETH at the moment. I think the market is cautiously waiting for some news on tether, if it's bad news prices will tank.
 
mmm....shiney! said:
I've got a few buys planned, just holding off waiting to see what happens and for a possible brief climb. I'm nervous because I've got some positions open on my trades and don't want to pull the pin on them at a loss. Main one is ETH at the moment. I think the market is cautiously waiting for some news on tether, if it's bad news prices will tank.
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buy on the dip, bro... you know it'll go back up again once romours on legalising crypto
 
Skyrocket said:
Bitcoin continues on a downward spiral. I don't feel sorry for all them people that bought in at double the price now, especially if they sold their metals for it. That's what they get for a ponzi scheme. A digital illusion of wealth backed by nothing.
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Lets look at plain and simple math for the last 6 month period.

Gold from approx $1600 to $1670 - up 4.375% (ref - goldprice.org)
Silver from $21.00 to $21.50 - up 2.38% (ref - goldprice.org)
BTC from $9.66k to $12.4k - up 28.36% (ref - https://www.coingecko.com/en/price_charts/bitcoin/aud)

You need to just look at any crypto thread here to realise you would have a hard time finding anyone on this forum who BOUGHT BTC in December by selling metals.

In closing I now understand why you dont feel sorry for us buyers of crypto..... mcdr.gif

Cheers,
Stoic
 
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