Can someone explain how this alt coin bubble formed.. and why hasn't popped yet?

Minecache

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Quote from: Fatoshi on June 22, 2017, 09:22:56 PM

You really want to know?

Go read about the Federal reserve and fractional reserve banking.

Then come back here and tell us all with a straight face that cryptocurrencies are in a bubble when the Federal reserve has at times printed the entire market cap of of Bitcoin in a month. And that's just one central bank globally.

This thread will read like people dissmissing the internet circa 1995 for having no mass appeal beyond a few geeks making home pages of them and their pets. Crypto may be in early growing pains and yes it's the Wild West with far more scams out weighing genuine projects with longevity but anyone who doesn't get this is the future of money shouldn't even post anymore cause they are embarrassing themselves. Some people on this forum will find themselves curated and quoted in media in the decades to come as examples in the similar vein to people saying the steam engine would never work because people won't be able to breathe beyond 30 miles per hour. Cringeworthy.

This. And it's disgusting how the Spartak_nts and Spoetniktards on here think they can bully investors away from gud alt coins back to fiat. These goons advices have so far cost posters on here a mortgage free life away from the banksters clutches. DONT LISTEN TO THESE FUCKWITS. Buy your alts and hodl.

unusualfacts30

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When Bitcoin price rose, every news channel was advertising it. It caused huge surge of new users investing in altcoin, they bought everything they could find so they could make a quick buck. Some of them are pumped though

cychan2

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Look at the stock market and I feel much more comfortable with my crypto.

GRR

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I like how people learn a few financial terms and suddenly they think they also know what it really means and how markets work. Bubble here, bubble there. We get it. If you can't understand what is happening to the world, its corrupt financial system controlled by a few elitists and the markets with hyperinflation everywhere, and why decentralized currencies will dominate the future in 10 years, then you have no vision and no understanding. Then you shouldn't invest into this "bubble". Either get in early, wait or miss out. If you're too nervous and think everything is a bubble, don't invest.

Flyhigh710

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We are not in a bubble (a bubble pops), we are in a boom (a boom has corrections)

Sponsoredby15

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I think because of some announcement from the devs of some altcoins. some of altcoins is not shit and has a true and valuable projects. like dgb, dgb already segwited. dgb has 3minutes transaction time and a very low fee. so you cant say that altcoins is just a bubble that anytime will burst.

Zadicar

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Quote from: virtualdn on June 22, 2017, 12:44:26 PM

2 months ago all alt coins were 10x-100x times lower in value. Now all alt coins have huge values (even the most crappy ones!!!), something you couldn't even imagine 2 months ago.

Where do all these money come from? They are not from regular users or newbies because the amount is way too large...

I tell you guys the alt coin bubble will burst and it's gonna be HUGE. Don't risk more you can lose!

There is no logical explanation for what happened in 2 months time, the amount of money invested is just too high... and prices rised too fast! It won't last long... many alt coins are way too overvaluated

My theory is huge amounts of money were pumped and these will be taken back sooner or later. Now who did this it's a different story I wish I could tell you.

This is what on my mind too on which those people behind who are responsible on pumping those altcoin even on the crapiest ones which i believe that its not worth to be pumped and yes it does really require big amount for you to able to pump a particular coin.Well we cant do on this movement of prices but we should go with the flow and be wise enough on when to enter and when to exit to secure profits.

Fatoshi

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Quote from: Spoetnik on June 22, 2017, 07:08:28 PM

At first it seemed like a couple coins were getting pumped.
They may have been..
Later we could all tell a massive rush of NOOBS showed up.
You all bought anything & everything not nailed down.

This will collapse because new users will dry up.
It's inevitable.

Higher prices = a greater and greater increase in users buying coins.
So you need more and more in time and it's just not realistic.

For example.
In order for ETH's price to keep going up you need 4 years a day showing up.
Later you need 8 then 12 then 100 on top of the standard base amount of users.

In other words it's how a pyramid scheme works. Cheesy

ICO = SCAM.

I get you want to be some moral crusader in a time of decay but you seem willfully ignorant that seriously large amounts of money is starting to trickle toward crypto currencies with all the mainstream investment media outlets like Forbes and CNBC having whole sections on crypto. To dissmis the potential for massive floods of money to come first toward Bitcoin and ETH, Dash at least and how that then rises many boats isn't moral....it's actually immoral not communicating this fact and at best plain ignorant of global economics.

Fatoshi

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You really want to know?

Go read about the Federal reserve and fractional reserve banking.

Then come back here and tell us all with a straight face that cryptocurrencies are in a bubble when the Federal reserve has at times printed the entire market cap of of Bitcoin in a month. And that's just one central bank globally.

This thread will read like people dissmissing the internet circa 1995 for having no mass appeal beyond a few geeks making home pages of them and their pets. Crypto may be in early growing pains and yes it's the Wild West with far more scams out weighing genuine projects with longevity but anyone who doesn't get this is the future of money shouldn't even post anymore cause they are embarrassing themselves. Some people on this forum will find themselves curated and quoted in media in the decades to come as examples in the similar vein to people saying the steam engine would never work because people won't be able to breathe beyond 30 miles per hour. Cringeworthy.

Spoetnik

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FUD Philanthropist™

At first it seemed like a couple coins were getting pumped.
They may have been..
Later we could all tell a massive rush of NOOBS showed up.
You all bought anything & everything not nailed down.

This will collapse because new users will dry up.
It's inevitable.

Higher prices = a greater and greater increase in users buying coins.
So you need more and more in time and it's just not realistic.

For example.
In order for ETH's price to keep going up you need 4 years a day showing up.
Later you need 8 then 12 then 100 on top of the standard base amount of users.

In other words it's how a pyramid scheme works. Cheesy

ICO = SCAM.

Minecache

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Quote from: bathrobehero on June 22, 2017, 06:17:00 PM

Quote from: jamesbo on June 22, 2017, 01:04:40 PM

really?? why not put money in a ponzi scheme and hope for the best. beats the hell out of 20 buck buyin tourneys at pokerstars. oh and it is way more legit than online poker...

Not sure if sarcasm or full retard mode.

Quote from: Minecache on June 22, 2017, 01:43:17 PM

Why do you think we are in a bubble? Huh

I'm not sure why I put you on Ignore and then why I removed you from Ignore but it seems that I disagree with every single comment of yours I see.

I mean I'm not even sure why I'm bothering now except for maybe being curious why would you think that we're NOT in a massive bubble?

Well I asked the question first.

dissident

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Quote from: ~V~ on June 22, 2017, 05:28:34 PM

It was said that sometimes markets are irrational, but now I see that in crypto such a level of irrationality reaches new levels.

Irrationality is a matter of perspective. Cryptos are still a relatively small market from a global economic perspective. From a technical standpoint it's in a bubble, but all the new investment money creates a sort of unknown factor. A lot of altcoins are being actively developed with unique tech so it makes sense that the wealth from bitcoin and ETH would trickle down and affect the altcoins. Combined with the problems getting miners to agree to progress, and it's just simple healthy competition and speculation. That's all I'm going to say about it.

bathrobehero

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ICO? Not even once.

Quote from: jamesbo on June 22, 2017, 01:04:40 PM

really?? why not put money in a ponzi scheme and hope for the best. beats the hell out of 20 buck buyin tourneys at pokerstars. oh and it is way more legit than online poker...

Not sure if sarcasm or full retard mode.

Quote from: Minecache on June 22, 2017, 01:43:17 PM

Why do you think we are in a bubble? Huh

I'm not sure why I put you on Ignore and then why I removed you from Ignore but it seems that I disagree with every single comment of yours I see.

I mean I'm not even sure why I'm bothering now except for maybe being curious why would you think that we're NOT in a massive bubble?

~V~

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It was said that sometimes markets are irrational, but now I see that in crypto such a level of irrationality reaches new levels.

tokyoghetto

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The day the Bitcoin ETF was rejected was the day everything changed. It made the general population pay attention.

Then the pumps started....

oaks05

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From where I live its alot of new money coming in, people hear rumors especially ethereum where I live that its a super coin and going to 10x value at current price and no idea the tech behind the coin thats all these new peoples mind sets, could we be in a bubble yes but at the same time there is a ton of new money coming in, so even if it were to pop i dont think it would be anything like it was a few years ago where everyone loses there asses off.

clardalan

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Bitcoin amateur learning by doing

I agree with some bubble arguments.
However, to see where this is coming from, just check the biggest social investment platform. (https://www.etoro.com/markets/btc/)

See the 1.4m people!! on BTC (half investing)
and ~ 250k people!! on Ethereum (80% investing)

those are the people creating the bubble.

Meaning: Crypto is going mainstream and that attracts more people.
Even if 1 hedge fund or investment fund decides to put 0.5% of their holdings in BTC, the price would more than double in 1 day.

so, you tell me. Are we in a bubble? or is the price gonna double tomorrow?

I do not know.

race2tb

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I see reports about ICO on news feeds. I know people who new nothing about this tech now asking about it and wanting to buy. It probably wont pop on its own.

Ucy

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Compare rates on different exchanges & swap.

Where do all this money come from?

Good question. To be honest, I have be asking thesame questions.
Here is what maybe happening: could be coming from people with intention to control or ruin cryptocurrency. If I were govt or individual and I want to ruin the crypto market, all I need is to own 60-80% of all Crypto the share and dump it anytime I want. I think this is most likely happening. The so called Whales buying up the whole thing on the first day of ICO could be this people or some rogue govt. It's important to discourage such practice by the so called Whales.

But here is the most possible reason: The money comes from allover the World. Crypto isn't centralised or regulated making it easy for people to participate in. People from all over the World investing means big money coming in.

findingthemoon

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Originally it was simple everyone wanted the new bitcoin where u could make millions from a few dollars investment. Now people still want that but additionally they have seen there is potential in a lot of the blockchain technologies. In other words the successes of the early ICOs are now pumping all the newer ones and people have trouble differentiating between them.

Topic: Can someone explain how this alt coin bubble formed.. and why hasn't popped yet? (Read 1266 times)