Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

  • Total voters
    146
willrocks said:
Doesn't banning something usually make it more expensive?
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When the communist party is set to ban something, you won’t even be allowed to think about it or have thoughts about it in your mind, let alone own it.

They haven’t really outright banned bitcoin yet though.
 
sgbuyer said:
When the communist party is set to ban something, you won’t even be allowed to think about it or have thoughts about it in your mind, let alone own it.
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Though people in China seem to have no issues getting around "banned" web sites by just using a VPN. So make of that what you will.
 
leo25 said:
Though people in China seem to have no issues getting around "banned" web sites by just using a VPN. So make of that what you will.
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Exactly, China is still the single largest mining nation and the fourth largest trader. So if they can't ban it, who can?. Just food for thought, regardless of your views on the value of Bitcoin.
 
So.....I think it's possibly time to make yet another call, on how silly the price will get this time.

Remembering this is technically Bitcoins fourth "bubble" . The first was $100, from $1.00, before it promptly crashed. Then we had $1000, back to $250, followed by $20,000, back to $3200.

What this time?
 
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Silver260 said:
So.....I think it's possible time to make yet another call, on how silly the price will get this time.

Remembering this is technically Bitcoins fourth "bubble" . The first was $100, from $1.00, before it promptly crashed. Then we had $1000, back to $250, followed by $20,000, back to $3200.

What this time?
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th
 
willrocks said:
A lot more resilient than I anticipated. But how long will it last?
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Well, let’s just say at this stage we’re nearly half way to the highs of 2017, but my hairdresser is not talking crypto, it’s not a topic in the social pages of Facebook and I haven’t fielded any phone calls/emails/PMs from family or friends in a state of FOMO. So maybe a while yet.

But as @Bullion Baron used to delight in reminding me, I was one of 2 or 3 forum members who said that crypto was not in a bubble. I’m on his ignore list now (along with @dozerz coz we’re trolls apparently) so it’s up to me to remind everyone of the bad call I made at the beginning of 2018. Or was it? :D

It was the volume bit over the past couple of months that raised my eyebrows.
 
willrocks said:
'It's not a bubble' was my answer in the poll too. I think at some point it will probably go higher than the 2017 high, but I'm not brave enough to put figures on when or how high.
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Same. No bubble yet. But I did learn something from the last run up, and that is to not be afraid of selling when you're up over 35k %.

Now I need to go and fire up the arcade and play Pitfall.
 
Pulled up my Pitfall game to respond. At least it's not costing me 20c a game like the old days.

At the time I had the full discussion with the wife "Here we are, we can sell and pay off the mortgage. If we hold on a bit longer we could sell, pay the mortgage and get a new car" We decided to hold. That particular holding is now worth $300 AUD. We've vowed to sell when the mortgage and associated taxes are covered which is pretty soon if things keep going as they are.

Having said that, we both agreed we need to keep at least some skin in the game for the long term.
 
Easy to get greedy. That was my mistake until I finally took profits - albeit severely diminished - in April 2018.

I think Bitcoin will pull back to around 6000 USD at some point, before going on a ripsnorting bullrun.
 
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