Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

  • Total voters
    146
Subjective Value

For an undetermined period of time I felt myself cut off from the world, an abstract spectator. . . . The road kept descending and branching off, through meadows misty in the twilight.

–Jorge Luis Borges, “Garden of the Forking Paths”

The eye of the beholder—that’s where beauty lies. I look at all those paint spatters, and I see, well, paint spatters. You see an interesting, colorful feast for the eyes. Sure, we’re looking at the same object. But we appreciate the painting in different ways. And our differences don’t just lie in the aesthetic domain. All value is subjective.

snip

Subjective value can be a tough idea for some people to grasp. It can be even harder for people to accept. But here’s the hard truth: Value does not inhere in things. Sunsets are not inherently beautiful. Vanilla ice cream is not inherently tasty. Jazz is not universally loved. Prices are objective—that is, publicly observable. We can each walk into a store and see that the avocado is $1.50. But our inner states will determine whether the fatty fruit winds up in any of our baskets.
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https://fee.org/articles/subjective-value/

Borders goes on to explain that the implication of the subjective theory of value are profound, especially when it comes to our political systems. For if we dismiss the notion that value is assigned rather than inherent, we set the stage for a system that "can lead people to embrace illiberal policies such as those designed to force us to do what others consider to be for our own good."
 
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https://coinmarketcap.com/

What I was saying about buying on the dip? Of course, the $$ values of cryptos at this second are waaaaay down; but check Coinmarketcap. 'All green.' So those who got packets of Their Fave Coin at the looowest point yesterday can either keep them for the long run, or sell them today, to get Bitcoin to use for trading in coming months.
 
inmizu said:
https://coinmarketcap.com/

What I was saying about buying on the dip? Of course, the $$ values of cryptos at this second are waaaaay down; but check Coinmarketcap. 'All green.' So those who got packets of Their Fave Coin at the looowest point yesterday can either keep them for the long run, or sell them today, to get Bitcoin to use for trading in coming months.
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Just for future reference.
 
inmizu said:
https://coinmarketcap.com/

What I was saying about buying on the dip? Of course, the $$ values of cryptos at this second are waaaaay down; but check Coinmarketcap. 'All green.' So those who got packets of Their Fave Coin at the looowest point yesterday can either keep them for the long run, or sell them today, to get Bitcoin to use for trading in coming months.
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Agree buying the dip and selling the bump everyday for a profitable active trader.
a hodler who bought for the first time this could work.

For long term hodler who bought at $8,000, 7,500, 7,000, 6,500, 6000, 5,500 5000, 4,500, 4000 when do they learn to wait to hit bottom before buying again.
 
Ipv6Ready said:
Agree buying the dip and selling the bump everyday for a profitable active trader.
a hodler who bought for the first time this could work.

For long term hodler who bought at $8,000, 7,500, 7,000, 6,500, 6000, 5,500 5000, 4,500, 4000 when do they learn to wait to hit bottom before buying again.
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SIMPLY they are screwed.
Crypto is good for making money if you bounce in and out but IT IS JUST A GIANT PONZI.
All cryptos i held because it was the smart thing to do after taking some money off the table are down by avg of 80%.
Two things i will take from this experience and the just slightly earlier metals bubble is to get in early with the madd money and get your profit out early as well.

Metals worked out just great for me as i did not buy high and the stuff i bought mid range was sold quickly after in trader fashion (ie: by cheap and sell as quickly as possible for higher).
I am pretty confident that this bubble will not re inflate, you just have to look at the amazing bitcoin and the next gen ETH to see how they got hyped ,they increased in value, then the smart money left and it turned out all the money that was in there was solely because the smart money people took the risk and invested big to get people excited.
Sorry folks by it was a game and holders HAVE LOST.
 
people get burnt just like the palm forest fire or Cali houses burning,
they had this without a computer
buying bitcoins without a computer anyone ???
the head of Japanese Cyber Chief never use a computer
those are the exceptions
while IT savvies know better than the rest and make more money in this trade, there is no doubt about it, its call information advantage
96/100 are red today
<15% move is considered small
 
Despite the arse falling out of the market, teams have been busy developing and improving on the technical aspects of their individual projects throughout 2018 because the concepts and objectives behind the widespread adoption of blockchain technology are sound.
 
Gullintanni said:
SIMPLY they are screwed.
Crypto is good for making money if you bounce in and out but IT IS JUST A GIANT PONZI.
All cryptos i held because it was the smart thing to do after taking some money off the table are down by avg of 80%.
Two things i will take from this experience and the just slightly earlier metals bubble is to get in early with the madd money and get your profit out early as well.

Metals worked out just great for me as i did not buy high and the stuff i bought mid range was sold quickly after in trader fashion (ie: by cheap and sell as quickly as possible for higher).
I am pretty confident that this bubble will not re inflate, you just have to look at the amazing bitcoin and the next gen ETH to see how they got hyped ,they increased in value, then the smart money left and it turned out all the money that was in there was solely because the smart money people took the risk and invested big to get people excited.
Sorry folks by it was a game and holders HAVE LOST.
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Just like the dot com bust, there will be some survivors out of this. Anyone still remember Alta vista? Amazon is a survival of the dot com bust. Those who bought Amazon in 2001 would have made a lot by now.

The question is whether bitcoin can evolve from being a speculation to a real currency. Or perhaps exchanges or hardware maker (e.g. Nvidia) will be a better bet?
 
yes, despite the 2000 internet boom and bust,
we are still using the internet just in the different form

tested and used blockchain will continued and improved
it can be applied to the AI just in a different way and form
 
lopv-skace-preko-mosta.gif
 
alor said:
yes, despite the 2000 internet boom and bust,
we are still using the internet just in the different form

tested and used blockchain will continued and improved
it can be applied to the AI just in a different way and form
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If we were to be fair then we can not compare blockchain to internet ,right?
Internet was a new communication method,right?
Like the telephone or television?
Blockchain on the other hand is a new code,right?
So to make a comparison fair we would have to compare it to say the difference between playstation and Xbox, right?
 
With regard to my last comment i guess the question was this.
Is blockchain a a new development deserving of a MASSIVE price like the invention of the telephone,or the television or radio or combustion engine?
Or is blockchain more comparable to a new tech to existing product say like Atari or Sega and blockchain is advancement to playstaion or xbox?
I remember when xbox first came out i didn't buy for a long time as they were $1500 each but after a year or so and the initial rush they dropped in price to $500.
Is that price hype and drop not exactly what we have just seen with crypto?
 
Gullintanni said:
I remember when xbox first came out i didn't buy for a long time as they were $1500 each but after a year or so and the initial rush they dropped in price to $500.
Is that price hype and drop not exactly what we have just seen with crypto?
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Cryptos have been around for about a decade. We've seen 2 spikes in that time, about the end of 2013 and of course 2017. So I get the point you're making but can only conclude that no, unlike many other products initial mania was not the cause.
 
Gullintanni said:
Is blockchain a a new development deserving of a MASSIVE price like the invention of the telephone,or the television or radio or combustion engine?
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Time will tell.

To someone who values the ability to exchange data almost instantaneously without relying on a centralised authority to approve that transaction, then from a freedom perspective, it's priceless.
 
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mmm....shiney! said:
Time will tell.

To someone who values the ability to exchange data almost instantaneously without relying on a centralised authority to approve that transaction, then from a freedom perspective, it's priceless.
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what is the most exchanged items other than currencies and gold, just like the eco-system
QR code for payments is speedy, convenient just like shop online as compared to brick and mortar
 
Gullintanni said:
With regard to my last comment i guess the question was this.
Is blockchain a a new development deserving of a MASSIVE price like the invention of the telephone,or the television or radio or combustion engine?
Or is blockchain more comparable to a new tech to existing product say like Atari or Sega and blockchain is advancement to playstaion or xbox?
I remember when xbox first came out i didn't buy for a long time as they were $1500 each but after a year or so and the initial rush they dropped in price to $500.
Is that price hype and drop not exactly what we have just seen with crypto?
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a global computer network providing a variety of information and communication facilities, consisting of interconnected networks using standardized communication protocols.
a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

blockchain is built on internet
so you can not compared an end products like playstation to an xbox that can be connected over the internet
can you just imagine having a bitcoin inside a thump drive without the internet, the playstation or xbox, you can play them on your tv, may be with wifi you can play on on the mobile :)
 
Tee hee

I scrapped my first post.

Those who post in this thread are entitled to post the opinions that they do post. I am an ardent free-speech advocate. Simple as that.

But it's Groundhog Day for those of us interested in understanding the tech and the situation. Could an established member open a new thread?
 
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