Are altcoins in a bubble? | Bitcointalksearch.org

hajimasan

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Quote from: Propulsion on March 15, 2017, 11:02:07 AM

Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO.

in my openion this is just like the investment assets then is a way to make money in legit ways .
Here it is truth that daily new new altcoins are coming in the online market and also few of them are going also but in actual these the main source of income , so instead of saying it as bubble we should consider them a legit way to make money and nothing .

digaran

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🖤😏

Or maybe people are realizing some altcoins are actually offering more than what bitcoin is offering them, why wouldn't you mine, trade and adopt using an altcoin if the network and teams behind the development are like bitcoin's?
DASH is now reaching some momentum and if everyone keep buying it and no whale dumps big then why would it be a bubble?

ohforf

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we are legion

Yes alts in a bubble , eth going to be 1000 usd soon and make us all rich

manselr

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Altcoins are on the rise because of the hard fork fears triggered by Jihan Wu the chinese trolll and roger ver the rich lucky early investor in bitcoin (why did this idiot have to have so much money?)

once this is resolved, the alts will crash as always.

batang_bitcoin

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Its bubble for me, these BU FUD starts to do something crazy and right now their followers starts to create a bubble. So for those traders that has a good pump for their coins better sell it out before the bubble pops or you will regret it in the end for being confident. Btc will rise again and that's for real.

jakelyson

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It looks like a bubble to me, increasing price 1000 folds in a span of few days is definitely a bubble. But some alt coins are just increasing because of the price of bitcoin crashing. A natural effect if you ask me. If the price of bitcoin recovers, that bubble will burst.

Minecache

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Vave.com - Crypto Casino

Quote from: TeraBite on March 16, 2017, 04:06:18 AM

Old bag holders already at the beginning of this rally.

What does this mean?

TeraBite

legendary

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Definitely it's a bubble blood bath can be start at any moment. Old bag holders already at the beginning of this rally.

AusKipper

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Quote from: emdje on March 16, 2017, 02:59:08 AM

Only coins with actual real world application are not in a bubble the rest is

I have my shortlist of coins that are not in a bubble

- GameCredits

Sarcasm right?

AusKipper

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Quote from: dinofelis on March 16, 2017, 02:09:09 AM

Quote from: AusKipper on March 16, 2017, 01:28:07 AM

However I don't think you have the issue with glazed eyes when talking about Bitcoin in China and India (capital controls), or Venezuela and some African countries (failed currencies).

Sure. But it can't be used as a currency there, too few transactions, too high fees.

Not day to day coffee style transaction, no. But they can probably use altcoins for that.

NorrisK

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I think it is just getting started. If we take the last price hike of bitcoin as a reference and see what the altcoins did there, it took a few months after bitcoin collapsing for the altcoins to grow and collapse. Two/three coins are now leading the charge and they are enabling other coins to grow with them.

emdje

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Only coins with actual real world application are not in a bubble the rest is

I have my shortlist of coins that are not in a bubble

- GameCredits

dinofelis

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Quote from: AusKipper on March 16, 2017, 01:28:07 AM

However I don't think you have the issue with glazed eyes when talking about Bitcoin in China and India (capital controls), or Venezuela and some African countries (failed currencies).

Sure. But it can't be used as a currency there, too few transactions, too high fees.

AusKipper

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Quote from: Zer0Sum on March 16, 2017, 01:14:47 AM

Quote from: AusKipper on March 15, 2017, 04:20:02 PM

I disagree when talking about things that the general public has little awareness of.

People glaze over about 10 seconds after you start talking about Bitcoin Cheesy

In western countries with high trust in their fiat money, sure. Typical response is "why do I need bitcoin when I can just use money?", and its a fair question when you're not talking about it in an investment capacity.

However I don't think you have the issue with glazed eyes when talking about Bitcoin in China and India (capital controls), or Venezuela and some African countries (failed currencies).

Herbert2020

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it is a bubble and the reason is pretty damn obvious.

anything that rises too much too fast is a bubble. and it doesn't matter what it is, if it is a shitcoin that is being pumped or it is a very big and established market like gold. and bubbles pop and when they pop the price drops pretty hard.

now add to that the fact that nobody really uses altcoins, and majority are just trading them to get more bitcoin or money in their pockets that is why they will dump and move on to the next project to pump and make more bitcoin or money.

Zer0Sum

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Quote from: AusKipper on March 15, 2017, 04:20:02 PM

I disagree when talking about things that the general public has little awareness of.

People glaze over about 10 seconds after you start talking about Bitcoin Cheesy

dinofelis

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Quote from: CyanFox on March 15, 2017, 11:56:39 PM

No, some altcoins are very legitimate and has the proper market cap and price, IMO anonymous coins have good future, also bitcoin will have anonymous feature in the future, let us embrace TumbleBit.

I'm betting on the horse that bitcoin is what it is now, and will not change, because of the dynamics of immutability, which looks like idiots bickering on a forum and never agreeing if you look at it with a microscope, but which looks like "the only consensus is keeping the rules" when you look at the bigger picture.

topesis

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Dash = $100

What in the World gives that that valuation, it has happened to Bitcoin before when speculation was driving the price. Altcoins are now into the unknown territory never seen before and won't be surprise when the price starts falling. I hold some myself

CyanFox

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No, some altcoins are very legitimate and has the proper market cap and price, IMO anonymous coins have good future, also bitcoin will have anonymous feature in the future, let us embrace TumbleBit.

dinofelis

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It is definitely a bubble. But I think there may also be speculation about the altcoin that will take over at least the "currency" aspect from bitcoin. People are finally realising that bitcoin will not scale, merchants are having difficulties getting paid in bitcoin, and one is FINALLY seeing the ridicule of paying your coffee with bitcoin. So, finally, the idea of "overtaking bitcoin" at least in one aspect is not ridiculous. Bitcoin as a cheap, fast payment system has problems, and there's no solution in sight. So there's a room to be taken, and maybe this is what the speculation is about.
Bitcoin will always remain as a reserve currency for big fish, but it has settings which make that it cannot be used to buy small stuff any more. So more than ever, there's a part of bitcoin's market to be taken, and the speculation on which coin it is gonna be is maybe fuelling this bubble.

Topic: Are altcoins in a bubble? (Read 1864 times)