Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

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Polar.bear.Stacker said:
Well everything credit is imploding. Gold and silver aren't mooning even though they aren't credit derivatives.
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Gold and silver are wealth preservation, not generally creation. It is however under valued vs other assets eg property. We will see on the other side of this upcoming financial crisis that's about to tear through the world
 
serial said:
Well using the typical measure of its monetary value I disagree, it is looking incredibly fragile and is a quarter of its high value. That says to me that it's failing.
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Price has always been one measure of value only.

From: https://www.silverstackers.com/foru...-the-crypto-bubble.87398/page-95#post-1241986

Let's see how many of the qualities we assign to cryptocurrencies that have actually failed.

Why we assign value to cryptocurrencies:
1. Scarce - Hasn't failed.
2. Secure (cannot be counterfeited) - Hasn't failed
3. Decentralised - Hasn't failed
4. Fungible - Hasn't failed
5. Non-consumable - Hasn't failed
6. Portable - Hasn't failed
7. Durable - Hasn't failed
8. Divisible - Hasn't failed
9. Programmable - Hasn't failed
10. Verifiable - Hasn't failed
11. Established history - Hasn't failed
12. Censorship resistant - Hasn't failed
13. Privacy - hasn't failed
14. Income producing - Severely stressed

So 1 out 14, and that's largely because either a. much of the income being earned is in the Defi arena which exposes users to greater risk of centralisation, liquidation, exposure to lending etc or b. the price downturn affects those earning income running validator nodes/mining etc though the rewards earned may not have changed significantly
 
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Oh I see, your confusing the idea of inflation with total devaluation.
See if a government loses control of its currency it demonotises it. Eg Germany 1930 etc then issues "new " dollars/marks/cash etc
Governments can also take you money from an account easily or just revalue it in new dollars.
In a time of conflation businesses wind down, value changes and things get rocky.
But 1 thing is certain, on the otherside of the incident that caused the chaos. People will want gold and silver again and whatever unit of trade they are using then, it will become easy to translate its real value.
Every single war/conflict/crisis to date has proven this.
This is wealth preservation
 
On the other side of said incident/conflict your usb stick will be most value if it has porn on it. Not some imaginary currency that no one is trading anymore
 
mmm....shiney! said:
No, if an asset can't maintain the same rate of purchasing power as the rate of inflation then it is not a wealth preserver.
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I bet all the Jews who fled with pockets full of gold and silver, not mark notes would disagree with you.
Plus let's look at the round 50, minted in1966 it could get you a big mac meal. A 1969 cuni 50 would also get you one.
Now a round 50 will still get you a big mac meal in its silver, the cuni 69 will get you an icecream cone
 
serial said:
I bet all the Jews who fled with pockets full of gold and silver, not mark notes would disagree with you.
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Life preservation was what they were more concerned with. The painting hanging on my wall is testament to that, sold to my grandfather in Poland in the late 1930's by a jewish family escaping the Nazis, they were no doubt happy to take less than market value for it.It was likely the same for their gold/silver.

serial said:
Plus let's look at the round 50, minted in1966 it could get you a big mac meal. A 1969 cuni 50 would also get you one.
Now a round 50 will still get you a big mac meal in its silver, the cuni 69 will get you an icecream cone
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And at the ATH of silver in 1980 (inflation adjusted) a round 50 was worth USD42. Now it's not.
 
mmm....shiney! said:
Life preservation was what they were more concerned with. The painting hanging on my wall is testament to that, sold to my grandfather in Poland in the late 1930's by a jewish family escaping the Nazis, they were no doubt happy to take less than market value for it.It was likely the same for their gold/silver.



And at the ATH of silver in 1980 (inflation adjusted) a round 50 was worth USD42. Now it's not.
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See again your missing the point. That didn't preserve their wealth till after the war even though it could be argued that its value post conflict was recognised.
It's like Japanese invasion money, I have hundreds of thousands in face value used durthe war. It's has next to no value now much less face
But it's equivalent in gold would still have purchasing power.
An example of this being maintained in real terms was given being the big mac. Your choosing to use average inflationary figures that are purely academic over a long period.
Funny thing is your idea of value is an asset that if purchased post 15th Dec 2020 would have lost you money, much less kept up with inflation
 
serial said:
See again your missing the point.
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No mate, you just made a fallacious comment common to the goldbug mantra that precious metals are a wealth preserver when the data clearly shows they're not.

serial said:
Funny thing is your idea of value is an asset that if purchased post 15th Dec 2020 would have lost you money, much less kept up with inflation
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You mean like this chart showing gold's inflation adjusted value? Some pretty mixed times for goldbugs below.

index.php
 
mmm....shiney! said:
No mate, you just made a fallacious comment common to the goldbug mantra that precious metals are a wealth preserver when the data clearly shows shows they're clearly not
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And you continue to talk crypto up like it's a better wealth preserver. This thread is dedicated to discussing the theory that your in fact wrong, people use the examples of gold and silver because, shock horror, this is a precious metal forum.
Now argue as much as you want about inflation value/ buying power etc but the value of half a kilo of gold will be 100% more than bit coin when bitcoin fails.
That's my opinion
 
serial said:
And you continue to talk crypto up like it's a better wealth preserver.
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I'm continuing to talk crypto up as a better wealth preserver? No I'm not! There's two things it's notoriously shit at, transactions of exchange in the mainstream economy and wealth preservation in the short term.

It was actually my wish not to make any comparisons between it and gold but your comment that gold is a wealth preserver required a rebuttal.

serial said:
Now argue as much as you want about inflation value/ buying power etc but the value of half a kilo of gold will be 100% more than bit coin when bitcoin fails.
That's my opinion
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Thanks. Just expect that every time you say something along the lines that gold is a wealth preserver you'll likely get some push back on that thesis.
 
mmm....shiney! said:
I'm continuing to talk crypto up as a better wealth preserver? No I'm not! There's two things it's notoriously shit at, transactions of exchange in the mainstream economy and wealth preservation in the short term.

It was actually my wish not to make any comparisons between it and gold but your comment that gold is a wealth preserver required a rebuttal.



Thanks. Just expect that every time you say something along the lines that gold is a wealth preserver you'll likely get some push back on that thesis.
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And as history has proven time and time again those who are wealthy with gold maintain that wealth throughout any conflict or major incident eg stock market crash, war etc
 
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