Topic: Bitcoin bubble - page 9. (Read 3108 times)

WHY do people want "cryptography" ?


Why again is the crowd out there who are computer illiterate idiots clutching cash interested in SHA256 ?


ohhhh becasue it's a currency that has horrendous wait times and horribly high fees and only gets worse by the day.

AHHHH i see  

WRONG.
You are full of shit noob.
You are all 100% here "investing" because it is in fact one giant massive ponzi / pyramid scene facade that is run illegally with no requirements.. except when you sign up at an "exchanger" as you dipshit pajeets like to call them.
THEN, they are govt AML / KYC compliant.
Which is yet another point that takes a fat stinky rotten shit all over the *REASON* Satoshi created the fucking thing in the first place.

I could go on and on and on.. but you all do not care.
You are all 100% greedy deceitful little ponzi idiots clutching FIAT.
Hoping to pour FIAT into Bitcoin so you can "invest" and then dump your Bitcoin and get FIAT *again.
You did not come here to support or use cryptoz as you put it investard.

I will enjoy the IRS and REV-CAN audits and when you all scramble to cover your tracks.
The no regulations and no laws massive free for all will have to come to end end eventually.
I will be cheering for the police because you all deserve it.
You ruined crypto.. forever.

And i don't give a shit what any of you think.. it is a bubble.
It is not natural growth.. when it pops is another discussion all together.

Investards, currency adoption is not a crypto circle jerk for profits.

PS:
DeepOnion is a confirmed scam coin.
Regardless if the noob above me commenting is participating in the SIG campaign.
Yup i prefer my investment advice from nameless shady noob accounts flogging scam coins. 

I dont think that BTC is a bubble. People WANT Cryptos, and BTC is the old king of cryptos, and will continue to reign.

bitcoin is definitely a bubble, one of the largest we have ever seen. It price has risen so dramatically, and after the fees have grown, risen even more. The elss useful bitcoin is, the more people are entering to invest. No real inherent value (im not buying the 'crypto is the future of technology' Whz excatly?)Why is the bubble so big? Mainly because it is accesible to absolutely everyone, unlike the realeaste market or the financial markets. Here irresponsible millenials, people from anywhere in the world dreaming to be rich, like in anz bubble.

But of course Im sad I didnt get in the bubble when bitcoin was 200.

I guess there is a massive global adoption of bitcoin  and that is why the price keeps increasing astronomically but others are trying to attribute it to a bubble that is going to burst any time soon and  so we wouldn't need any solid whatever like BHC which is everything an altcoin except bitcoin to salvage the situation. It is original bitcoin and nothing else.

Yes, there's a lot of bubbles in bitcoin right now. Sometimes I have to wonder how long this trend will last. I also have a bit of money to invest in. I don't dare to go on buying now. Maybe it's time to make a profit. What do you think?

WOW.

You didn't get the point.
Microsoft is a real company that has spent decades providing usable and working products sent to market.
Bitcoin has accomplished fuck all and is broken and drowning.
MS is worth $500 and Bitcoin is worth $1,00000000000000000000000000000000000000000000000000.00

Wrap your stupid fucking noob heads around this concept.
Bitcoin is not about profits.
It's about a currency.

..and i quote again


And ?
What is your point ?

If you say stupid shit like that you are raising your hand saying.. YES, indeed it is in fact a bubble.
I feel sorry for you all.
You are actually too stupid to understand the consequences of your poor behavior.
No your profiteering is not helping Bitcoin.
And hoping more people come into the pyramid scheme to bump the price up more is not going to help BTC either.
Which is what you just said noob.

It's not 1 guy with this broken English investard mentality.
It's all of crypto.
Hence why i got the fuck out fast & hard.
I morally will not contribute to the pyramid scheme antics nor will i mingle and associate with profiteers.
I also would not hold the future of my investment with noobs acting like greedy morons.

I pray to god Satoshi sees this perverse abomination that crypto has become and dumps your Bitcoin into oblivion to teach you all a valuable lesson.

Right. The only way to prevent this so called "bubble" to explode is more adoptions from different countries and business institutions. And in order to be really accepted, they need more upgrades on its systems. High fees and slow confirmations are unacceptable. Well, who knows bitcoin gets replaced by other solid contenders like BCH.

Both of you are correct in my opinion. I'll it explain better.

It is true Bitcoin was made to be a payment system and you can already actually buy lots of stuff with Bitcoin. But it's also true Bitcoin is rarely used to buy stuff nowadays, because of high fees, long confirmation time and also because many people just use Bitcoin for speculative purposes or for long-time hodling.

So Microsoft, Facebook Stocks are worth to buy? People have been losted hopes in those stocks and obviously they are making some money from these Crypto's. I agree on most part of your post, but Bitcoin is not a Bubble and it will live more than 2 years and in this time people can make some decent money.

I just want to see people care about the thing they are investing it gets fixed and succeeds in a healthy and productive way.

There shouldn't be a bubble nor is one something to support.

We need people that actually care and they clearly don't when they make BTC worth 8k while they know damn well it's broken.

I want to see BTC at 10 grand as the infamous Vl2Vlad said long ago because the ETF accepted it for example.
In other words a sign that it is experiencing growth based on real usage as intended.. as a currency.

Investing in a "stock" because the stock is worth lots is.. stupid.
Just what are all these guys investing in ?

..guys it's been 8 years.

Great piece

And I love your word "Investard"

You know there was a story in my local news about the price of bread at stores (it's high)
Also a few about the minimum wage needing to be increased.

Point is inflation.. which came from the 2008 world wide recession.
A recession that had grave consequences for many.. it collapsed the economy of smaller countries.
It made tons of people homeless and poor. and all of us ever since has been hammered with inflation.

Why ?
A lack of Regulations + Greed.

They chanted NO LAWS !
Greenspan said they would not let the system collapse (again)
He was fucking wrong.
They did.
They did because it was PROFITABLE.

One guy i seen on CNN said it was easy his firm made over a billion dollars over night.. and much more.

You bet your damn ass there is a bubble.
And i know people who got burned on the one we had in crypto in 2013 too.
But this place is full of happy greedy willing participants they will not be bothered by the turd in the punch bowl chanting DOOM.

I am not amused when i have to pay pretty much double for everything in society when financial pundits warned ever since '08 the fix Greenspan and then Bernanke put in place was nothing but a band-aid.. a larger crash is possibly coming and no a broken and fucked up inflated Bitcoin will NOT be taking over if the dollar collapses.
It can't.. it's broken.

GREED RULES and you all love it and chant NO REGULATIONS like pigs.
Problem is the consequences flow around the globe for all to deal with.
Yes a bubble is a bad thing guys.. not something to celebrate.
It's warning.

You all are mostly noobs with no experience or grasp of the context of traditional economies or crypto.
You are blind and dumb and lambs led to the slaughter ..that carrot on the stick will lead you right off the fucking cliff.
Seriously how the bloody hell are the worlds biggest and most popular companies worth a tiny fraction of a scam coin called Ethereum let alone fucking Bitcoin at 8 grand ?
Do you all fathom how utterly retarded that is ?
"Investment" ? I'd sooner invest in Alphabet inc (Google) or Microsoft etc than this inflated idiotic bullshit.

For fuck sake's Microsoft's stock price is worth $83
And Bitcoin is worth $8,000.00 ?
Are you idiots fucking high or what ?
Bitcoin is broken and unregulated.
Like in '08 there will be no bail outs when you get burned investards.

..how quickly people forget

EDIT:
By the way, Hitler got elected because the US's economy crashed.
He tried unsuccessfully for close to a decade to get elected before that and failed.
When times were good no one wanted his brand of Trump'esque soap box anger.
As soon as the depression the US bankers created crossed the sea it was game on !
You reap what you sow.

Yes i think BTC is overated and all cryptocurrency is overated ATM.

It seems to me that the risk bubble is still very high. Now it is better not to buy bitcoin and wait for lower prices.

I do not think bitcoin is in a bubble, rather I think the world is just noticing the great potential of bitcoin and that is why right now many have decided to make up for lost time and start investing in bitcoins, as recently announced by CME Group, for which this accelerated increase in price is nothing more than an adjustment in the price that bitcoin always deserved to have.

The tricky part is that Bitcoin has no inherent value of its own other than the cost of the power to mine it. People are excited at Blockchain technology and it's potential so they are associating a lot of value to it. The truth is the cost of the power required to mine a single bitcoin (according to my very rough calculations) is 1000USD to 2000USD. As you can tell from current prices, it is FAR beyond that. So yeah, BTC should come down eventually either by a "pop" or by an increasing cost of mining/processing transactions.

I think it's a bubble in April and May I think there might be a bit of hot air and a surge in the economy, but it's impossible to get to the top. After all Bitcoin quantity is fixed. You can always build more homes or factories, which make the market easier to crash.

Bitcoin may always be bubbles. This cycle will continue until we see a large drop or some stabilization in bitcoin prices.

First you say it is not a bubble - but then you say the governments can burst the bubble.

Clearly you are in denial. You know it is a bubble, but you are just hoping that it will not be popped.

It will.

You are correct - unfortunately it is too easy to imagine what will happen.