Are we in another Bitcoin bubble? [my thoughts]
- Thread starter davids355
- Start date
tb303
Supreme Member
- Dec 18, 2011
- 1,238
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Yeah, this time we dont have Sherbert Hoover's "epitome of a bubble" threads and mickyfu calling everyone a c**t
- Nov 16, 2011
- 19,795
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As long as bitcoin is moving up, alt coins will also move up. In fact, if you are confident of bitcoin upper growth, invest in good altcoins only.
- Feb 27, 2009
- 3,219
- 4,935
We are definitely in a bubble. I don't think it's going to burst any time soon. One, there is way too much institutional money being pumped into Bitcoin and as soon as there is some clarity from the SEC, there are droves of other institutional investors waiting in line to throw millions/billions into Bitcoin. Two, there is a ton of money being pumped into the economy and easy credit. Most of it going to the top 1%, who are the ones who invest their cash (retail and institutional).
That being said, when this bubble bursts, it's going to be epic and will make the great depression look like a picnic. If anyone is interested, there is a great book I am currently reading called The Everything Bubble. He puts a lot of what is going on now into perspective.
That being said, when this bubble bursts, it's going to be epic and will make the great depression look like a picnic. If anyone is interested, there is a great book I am currently reading called The Everything Bubble. He puts a lot of what is going on now into perspective.
Is this it?
The Everything Bubble: The Endgame for Central Bank Policy
Sounds like a good read, so I am interested to check it out.
- Feb 27, 2009
- 3,219
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Yup. It's a book everyone should read.
Archer99
Junior Member
- Dec 26, 2020
- 177
- 110
Just ordered the book actually. Sounds like an interesting read.
When exactly did he project the bubble to pop?
- Feb 27, 2009
- 3,219
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I'm not to that part yet, but I don't think he really predicts when, but more how to prepare and hedge yourself financially to minimize the damage. At least that's what I'm gathering at about 150 pages in.
shiboshy
Elite Member
- Dec 17, 2011
- 4,607
- 2,308
Bitcoin may currently be a bubble, but will definitely BECOME the digital gold. Try to see Bitcoin 10 years from where it is now - I see huge change, plus altcoins being used for a free, decentralized web.
It will surely attract fair investors, not only bubble troublers.
It will surely attract fair investors, not only bubble troublers.
Historya
Banned - Selling via PM
- Feb 16, 2021
- 130
- 42
we do not pay taxes in our online earnings here
so yea, that's a net profit.
- Nov 22, 2019
- 6,959
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Congrats. Now aim for $1000. Crypto has very big possibility.I earned $100+ from the recent increase. I cashed it out already. I am vey happy