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Cryptocurrencies are currently the epitome of a "bubble"

Discussion in 'CryptoCurrency' started by Sherbert Hoover, May 25, 2017.

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  1. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    http://www.investopedia.com/articles/stocks/10/5-steps-of-a-bubble.asp

    [​IMG]

    The true question is, where are we right now? I sold my little BTC off when it was $1,800 a couple weeks back. I feel as if that was the Enthusiasm stage. Judging by the flood of new Crypto threads, I'd say the majority of currencies that are skyrocketing right now quickly shot through the Greed stage, and now are in the Delusion stage of the Mania Phase.

    That bubble is going to burst any minute.

    Experience: I've seen the Big Short, like, three times.
     
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  2. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    It's going to be funny, watching all these "experts" realise for their crypto to be worth anything, they actually have to sell it. This is where a trader and a crypto gurutard differ. One sells, the other thinks he is going to be living on a super yacht this time next year, beating the pussy off with a cane.
     
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  3. deal with it

    deal with it Jr. VIP Jr. VIP

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    may be its moving towards new equilibrium.
     
  4. MisterF

    MisterF Jr. VIP Jr. VIP

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    Sherbs, that is a great film it shows how not everyone is stupid to fall for the easy money that's risk free.
     
  5. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    I have not charted BTC, nor have I looked at any charts in depth, as I don't see it as an investment vehicle for me. In fact I'm not sure the verbiage investment vehicle and BTC should be used as in the same sentence but when something goes up real fast there is a significant chance that it will fall equally fast.

    Ask Sir Isaac Newton, he'll tell you that too.
     
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  6. MrBusiness

    MrBusiness Newbie

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    With a vertical growth? LOL.
     
  7. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    I know a guy who literally bought $15,000 worth of Bitcoin yesterday, adamant that it was going to $5k per. My god.
     
  8. tacos912

    tacos912 Newbie

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    Been watching the last few days. I think we're either in denial or fear for a LOT of alt coins, seeing lots of coins that shot to the moon in the last two weeks and are now crashing hard. For Bitcoins I would agree that we are probably in delusion or mania and it's about to pop.
     
  9. uncutu

    uncutu Supreme Member

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    i've seen that pic accredited to bitcion since 2014
    always by nocoiners
     
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  10. sturose

    sturose Jr. VIP Jr. VIP

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    This was precisely the reason for my sarcastic post yesterday.

    It may continue to rise for a short while exciting all the gurus that have recently crawled out of the woodwork but it will drop, I predict more of a crash than just dropping though.
     
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  11. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    I must admit, I have been slightly inspired to invest in crypto. But not Bitcoin or the other fads at the moment.

    I was thinking about gambling 10k on 20 or so startup coins.
     
  12. Bedbug

    Bedbug Regular Member

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    In life you either risk or seat yo ass waiting pessimistically. Everything is a risk, even breathing is not assured.

    On Sunday, i did not know the definition of "Bitcoin", "Address", "Gas" ...let alone "Ethereum". The last few days i have bought Ethereum, Ripples, Donge, & Bitcoin(the least).
    I am now researching on a wallet. Then i will dump them, throw away the password and shyt lets meet 2018 or so 2020.
    I am making a long term fucked up decision..... i will open those wallets after several years and sell them.

    I am feeling like a customer just shagged me a 2000 USD chargeback!! thats my consolation.

    i still dont understand why i bought ethereum or ripples, i even dont know what they are OoooooH NO!!

    How many times have i bought PBNs in blackhat from that one guy you all know!! and i pay for 3 months and the site never moves an inch? How about i assume i have paid for PBN and they never moved!!
     
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    Last edited: May 25, 2017
  13. KHer0

    KHer0 Supreme Member

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    Bitcoin is not gambling. It mught go down a little bit but it will always come back higher unless somethimg happens that cancels it completely or remove it from existence.

    Bitcoins right now is like real state and gold, there os a huge demand and limited amount. So, there is only one way for this arrow to go
     
  14. deal with it

    deal with it Jr. VIP Jr. VIP

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    i did not meant it to be where it is at now, but higher than what was like 6 months ago.
     
  15. Heiko

    Heiko Jr. VIP Jr. VIP

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    Take a look on the "ZEC" Coin then, its gonna be added into Alphabay soon and because of that it could go big
     
  16. Dagreyon

    Dagreyon Jr. VIP Jr. VIP

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    Whats funny is that its rallying this strong while most companies who allow you to buy bitcoins are down or limiting what you can buy (CoineBase, CoinMama, etc) so it is probably going to get much crazier over the next week once they sort out their shit. However, like you said, I think its about to burst and there is going to be a mass sell off by the sheeple who go into panic mode. I got out of bitcoin at $1700 and $1800 because I felt like that was the height for now with the ETF decision looming. This shit has gone up far too high far too fast and is due for a major pull back. I'm currently in alt coins and investing more and more as they keep sliding down due to the bitcoin surge.
     
  17. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    Show me one time that has actually happened to this level.

    Some people have sworn Bitcoin's increase for years. They're thrilled now. Others have jumped on the bandwagon in the past few weeks/couple months and suddenly think they are crypto experts.

    Wow, did you just use the word "nocoiners"? Good god.

    Bull Trap will be an interesting time. "Ha it's going back up I told you!" Then a few weeks later "ah, fuck".

    I have no idea what you just posted.

    Bitcoin is gambling. Shit, investing in the stock market is gambling. Just slower, less risky gambling.

    Bitcoin is nothing like real estate, except in the fact that it's following the same bubble pattern as what happened to the US real estate market years ago.

    Bitcoin is nothing like gold. Like at all.

    You can't say that "bitcoin is like real estate and gold", and then state that there is only "one way for the arrow to go". That's not how any of this works.

    You know nothing about investing.
     
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  18. bigvision

    bigvision Newbie

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    Screenshot this post, in around 4 weeks bitcoin is going to come crashing down to under $500 a coin.
     
  19. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    Get with the times, nocoiners is a thing now.
    Do you even altcoin bro, or are you just another nocoiner hater???
     
  20. KHer0

    KHer0 Supreme Member

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    Again, they might see small drops, like anything, but the whole curve will always go up. They are neither gambling nor stock market.

    They are holding value in themselves and there always be a demand for them unless something removes it from existence. Or the one who created it start creating more.

    As long as there is a fixed amount of it + People use it for trading = It will always go up.

    I spend a lot of time in deep web and can comfortably say its not going anywhere unless someone offers a better version of it.
     
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