Making profit with a bubble - page 2.

doomloop

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Quote from: PercT4b on November 02, 2021, 04:07:29 AM

We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.

I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).

Well, if you look at this your idea is really making a lot of sense, if the price keeps going up it’s certainly going to reach a point where it is going to be triggered by one event or the other and that will lead to the price falling back to a lower price. So, that’s why it’s good to have a target but you would like to accomplish, when the market is going up you should sell at some point, but you may decide not to sell all the coins that you have just sell a part of it while the rest stays in your wallet in case the market should keep going on.

If you’re holding a coin and you have no target at all, then you’re really not going to begin anything from it, and then what is the need for your investment? So it’s good to take profit sometimes and at least know that you are gaining from the asset you’re investing your money in.

blockman

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Quote from: zaesvlas on November 14, 2021, 04:32:52 AM

As for me, if a trader makes a profit, then other aspects simply fade into the background. The main thing is to make a profit.

It is the main reason why we're trading and doing that should be done according to your plan. Sometimes, it's not following your plan and all you've got to do is to just make as much as you can. Having that goal of making as much as you can during the bubble or not, as long as you know what you're up to, it is what you have to understand. And whenever the dips have come, you're not going to panic.

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Quote from: michellee on November 13, 2021, 01:31:19 AM

Quote from: martina14 on November 12, 2021, 09:22:30 PM

Quote from: PercT4b on November 02, 2021, 04:07:29 AM

snipped...

If your pretty sure that in the future you can get a profit, I guess you can stay with your plan mate. However, if there is something doubtful you better think of it of course. Just like for example NFT games nowadays are very trending where the majority of them are totally amazed but anytime soon the market could be gone that's the scary things I guess.

As long as we can use the trend very well, I am sure we can make a profit and we should leave the trend before the trend is gone because that can make us wait for an unknown time. While the NFT trend is still in the market, we can try to search for other things that could help us to make more profit. But do not just stay at the NFT project as we have bitcoin that will become stronger than before so if we can have more bitcoin, that will give us a big profit than the NFT.

Yeah, it can be a wise trick and we need to be careful to deal with that, or else, we are the ones who become the victim of this bubble.
Apparently, we know that some of these projects are worthless, some did the amazing ride especially for gaming platforms but have to say that many are useless projects and are dying already. Research is very important for us and we don't tend to ignore this.

TheGreatPython

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Quote from: dunfida on November 15, 2021, 12:47:24 PM

It will vary on how you do deal up with things and also not all would really be that good when it comes to these things.

Yes, it will be difference between traders but when people are trying to make profits from bubble and then trying to shorting from the point of bursting of same bubble, the problem starts. In my opinion it is highly risky one because you cannot predict the endpoint of bubble but probably we need extraordinary level of technical analysis to find that.

Quote from: zaesvlas on November 14, 2021, 04:32:52 AM

As for me, if a trader makes a profit, then other aspects simply fade into the background. The main thing is to make a profit.

I agree with this but fishing on calm water will be much better option rather than trying on storm times. You must wait for your perfect time in market condition so that you will make consistent profits rather than looking for one time opportunities. So, other aspects are also important in my view.

dunfida

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Quote from: zaesvlas on November 14, 2021, 04:32:52 AM

As for me, if a trader makes a profit, then other aspects simply fade into the background. The main thing is to make a profit.

On point and well said.It wouldnt matter on what kind of situation you are into whether into a bubble or just simply an organic kind of increase on a certain market which you are making out profits then whats the most

important thing of all because if you do able to make out profits on certain conditions without any problems then that do simply shows that you are really doing well on this market.

It will vary on how you do deal up with things and also not all would really be that good when it comes to these things.

tbct_mt2

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Quote from: Mpamaegbu on November 14, 2021, 06:33:59 AM

Yeah, it's unbelievably big now. A few days ago the total marketcap crossed $3 trillion. I remember how the market struggled to touch $1trillion in 2017 but couldn't get there before the ultimate crash that came.

Because the market in 2017 and 2020 to 2021 are different. In 2017, crypto has different project and each project has its own communities. Now since 2020, many projects were created and around it, we have real big ecosystems. Big projects nowadays are back-bones for other projects in its ecosystem. We have Polkadot, Solana, Fantom, Avalanche and more.

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I know a lot of people who are of the opinion that most alts are shitcoins but that hasn't stopped a few alts recording tremendous successes. Nothing exists in isolation. Bitcoin can't exist in isolation. It can't be Bitcoin alone. Come to think of it, a lot of alts (genuine projects) have netted some people a lot of profit more than they imagined on ROI.

Altcoins have many types and we can not say Shiba Inu is a good altcoin technically even it got a higher marketcap than Dogecoin

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Quote from: crwth on November 02, 2021, 04:35:03 AM

Look at cryptocurrency now; it's big.

Yeah, it's unbelievably big now. A few days ago the total marketcap crossed $3 trillion. I remember how the market struggled to touch $1trillion in 2017 but couldn't get there before the ultimate crash that came. Though I take into cognizance that we didn't have as much cryptos then as we've now, that's if someone wants to argue that the increased number could be responsible for the growth in marketcap. I'm much concerned about the organic growth the market is recording now than what price is doing currently. I know a lot of people who are of the opinion that most alts are shitcoins but that hasn't stopped a few alts recording tremendous successes. Nothing exists in isolation. Bitcoin can't exist in isolation. It can't be Bitcoin alone. Come to think of it, a lot of alts (genuine projects) have netted some people a lot of profit more than they imagined on ROI.

zaesvlas

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As for me, if a trader makes a profit, then other aspects simply fade into the background. The main thing is to make a profit.

worle1bm

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You can make profits in any market if you are capable of it and have the right coin in your hands because if you think of taking profits with any hyped coin then it's hard so make sure the choice is correct and time to make profits is timed out in right way.

fullhdpixel

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Quote from: bakasabo on November 13, 2021, 04:54:53 AM

There are too many underwater stones with NFT and no direct answers. It is always: maybe, perhaps, if X happens then Y would be Z. If I buy a physical painting from a famous artist, I can be sure that with time, its value would only grow. But with NFT, there are still too many scenarios that might turn my investment into zero. I can hang real painting and enjoy it. I can boast with it for example. But with NFT, if I show people around it, with 99.9% chance they would say that the Internet is full of pictures.

That is true in all of crypto as well. If you are not sure about anything and can't be certain, then just stay away from it. The one that you own in your house could still be broken into and stolen if it is a really valuable one, I doubt there are any thieves that are smart enough to understand a really expensive one versus a very cheap one but it is certainly something quite possible if they get it.

So, NFT is a lot more guaranteed, you know it is yours and can't be stolen from you, is that the part you want to talk about? I mean if we are going to compare the pros and cons of them and make them fight of course the physical one would be getting a lot more love, but here we get to buy something (or mint it) for a few grand and then sell for a huge amount, even in crypto there are rarely that type of quick returns, so art and hype getting together is a lot better here.

bakasabo

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Quote from: sana54210 on November 12, 2021, 04:48:03 PM

You could just avoid those ones and end up buying the real good ones? I mean there is nothing stopping you from buying real art turned into NFT as well. Maybe one day some real good painters stuff would be sold on NFT market as well, in form that "whoever owns this NFT holds the right to own the physical one as well that would be displayed in a museum condition", that way you could even buy Mona Lisa, you can't put it on your home, but it will be yours that will be shown to public in the museum.

However, all the data suggests that stuff like axie, apes, cryptopunks and all that are very bad drawn stuff, stuff that are totally worthless in art sense, and yet we are talking about millions of dollars for them. So artistic value is not something people look for in NFT at all.

There are too many underwater stones with NFT and no direct answers. It is always: maybe, perhaps, if X happens then Y would be Z. If I buy a physical painting from a famous artist, I can be sure that with time, its value would only grow. But with NFT, there are still too many scenarios that might turn my investment into zero. I can hang real painting and enjoy it. I can boast with it for example. But with NFT, if I show people around it, with 99.9% chance they would say that the Internet is full of pictures.

michellee

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Quote from: martina14 on November 12, 2021, 09:22:30 PM

Quote from: PercT4b on November 02, 2021, 04:07:29 AM

We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.

I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).

What's your idea about that?

If your pretty sure that in the future you can get a profit, I guess you can stay with your plan mate. However, if there is something doubtful you better think of it of course. Just like for example NFT games nowadays are very trending where the majority of them are totally amazed but anytime soon the market could be gone that's the scary things I guess.

As long as we can use the trend very well, I am sure we can make a profit and we should leave the trend before the trend is gone because that can make us wait for an unknown time. While the NFT trend is still in the market, we can try to search for other things that could help us to make more profit. But do not just stay at the NFT project as we have bitcoin that will become stronger than before so if we can have more bitcoin, that will give us a big profit than the NFT.

TheUltraElite

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Quote from: zaesvlas on November 12, 2021, 08:14:45 AM

With this approach to work, Forex can be considered a bubble.

Every speculative asset sees the "bubble" concept once a while due to normal human thinking. Just depending too much on a bubble without taking profit off it is the bad sign.

Quote from: Taskford on November 12, 2021, 09:13:18 AM

Those predator join its because they know that many people goes on that area and since NFT is on heat right now they are creating things that can caught the attention of the people, thats why we should be more selective on the platform we go since not all we can see is good even if they have good roadmap brought for introducing their project.

Investors need to be careful really. The regulatory bodies who are regulating investments but cannot get hands in bitcoin made their stance very clear for now. People should know what they are investing in. If they see lack of market making a lack in proper judgement on the team, they should pull out before others. Predatory groups are always there because law enforcement can do only a certain part, the majority of investment related scams are from the client's side.

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What most important thing with those hype is don't get caught and hodl to much since taking profit is always the best thing to do especially on hype projects.

Truely, timing your exit is important. The ones who are creating the hype are more interested in making the investors hold the asset, so the creators can earn more selling their holding. These things need to be understood by the new investors.

martina14

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Quote from: PercT4b on November 02, 2021, 04:07:29 AM

We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.

I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).

What's your idea about that?

If your pretty sure that in the future you can get a profit, I guess you can stay with your plan mate. However, if there is something doubtful you better think of it of course. Just like for example NFT games nowadays are very trending where the majority of them are totally amazed but anytime soon the market could be gone that's the scary things I guess.

sana54210

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Quote from: bakasabo on November 12, 2021, 05:27:22 AM

I am saying that digital art (NFT) has a lower value than physical art. I find most of NFT similar to very young children random paintings. They have value mostly for their relatives only.

I agree that "The value of each NFT depends on the influence of its creator", but there are so many "creators", that does not allow value to grow. Look around. Each and every project create their own NFT. They dont even have goal or business plan. Their idea is "today will make and distribute NFT, and maybe someone will pay a lot of money for it". I can be a creator like that. I can create 1min sketch pictures in paint, hoping to sell them on an auction.

"a million dollar physical painting" definitely is created by a famous person. But "a million dollar NFT" can be created by a kinder garden kid, and this NFT can accidentally be bought by a crypto user.

You could just avoid those ones and end up buying the real good ones? I mean there is nothing stopping you from buying real art turned into NFT as well. Maybe one day some real good painters stuff would be sold on NFT market as well, in form that "whoever owns this NFT holds the right to own the physical one as well that would be displayed in a museum condition", that way you could even buy Mona Lisa, you can't put it on your home, but it will be yours that will be shown to public in the museum.

However, all the data suggests that stuff like axie, apes, cryptopunks and all that are very bad drawn stuff, stuff that are totally worthless in art sense, and yet we are talking about millions of dollars for them. So artistic value is not something people look for in NFT at all.

Silberman

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Quote from: bakasabo on November 12, 2021, 04:53:25 AM

I would say that NFT is the scariest bubble for me. Despite ICO bubble, where an investor or buyer at least have a small and predictive description of what he is spending money on, NFT is something I always avoid. With NFT, I just buy a bunch of pixels. Some of them have a value, but compared to a token from ICO, that value is described in whitepaper, NFT value is an imaginary amount that someone once set. It can be 1 cent, it can be $1 million. With ICO bubble, tokens in most scenarios can be sold at etherdelta for 1 gwei. With NFT, you can just hope that someone buys for the price you've set. I find it very hard to earn with NFT bubble and avoid it.

I think the same as well and it is why I expect a massive crash for the market of NFT coins, even if the ico bubble was huge and in many times unjustified at least it made sense to me, people were trying to find the next big thing among thousands of coins, some did and made a fortune while many failed, in the case of NFTs it is impossible to know how they will perform as they are not really a project that can grow in value as it gets developed like icos, and instead depends entirely on what someone else wants to pay for it.

Taskford

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Quote from: TheUltraElite on November 12, 2021, 04:34:08 AM

Quote from: livingfree on November 09, 2021, 04:45:06 PM

But there are certain areas that where people are focusing that much. Like in NFT, there are arts and musics and games. Although these areas are big.

There's more focus with the gaming area, NFT gaming has became bigger due to the rewarding games where you can buy those NFTs to play with.

They are trying to get into the crypto hype and it is working. I am personally not a fan of hype based objects like ICOs previously and now NFT. Still if they help increase adoption and use of crypto, I am up for that.

But these bubbles help some predatory people to make money, no doubt in that and being able to jump on the bandwagon becomes the rat race then.
Important thing is to exit timely and not expect to use your long-term mindset for such projects, because they are short term ones.

Dont expect yourself to be able to jump on them every time. Sometimes it is better to ignore the commonly taken path.

Those predator join its because they know that many people goes on that area and since NFT is on heat right now they are creating things that can caught the attention of the people, thats why we should be more selective on the platform we go since not all we can see is good even if they have good roadmap brought for introducing their project.

What most important thing with those hype is don't get caught and hodl to much since taking profit is always the best thing to do especially on hype projects.

zaesvlas

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With this approach to work, Forex can be considered a bubble.

bakasabo

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Quote from: Coin_trader on November 12, 2021, 05:07:43 AM

Quote from: bakasabo on November 12, 2021, 04:53:25 AM

I would say that NFT is the scariest bubble for me. Despite ICO bubble, where an investor or buyer at least have a small and predictive description of what he is spending money on, NFT is something I always avoid. With NFT, I just buy a bunch of pixels. Some of them have a value, but compared to a token from ICO, that value is described in whitepaper, NFT value is an imaginary amount that someone once set. It can be 1 cent, it can be $1 million. With ICO bubble, tokens in most scenarios can be sold at etherdelta for 1 gwei. With NFT, you can just hope that someone buys for the price you've set. I find it very hard to earn with NFT bubble and avoid it.

Are you saying that a physical art collection value is in bubble too because it's value sometimes more than dollar without any basis on how to land on it? Ofcourse not. Most of the thing made on NFT arts and they just convert the physical to digital that's why many artist are starting to enter on this industry. The value of each NFT depends on the influence of its creator. There are some instances that there's a manipulation on price but that is just an isolated case. Art collectors in crypto are investing tons of money NFT because they know that they are first to hold since its new and they are investing because they know it will be worth more in the future.

It is just like investing on unknown arts from unknown artist then suddenly in the future it became limited edition and collectors item because it is first on its own kind. I agree that some NFT valuation is over price for us non-collectors but remember we are keep telling that even when someone bought a million dollar physical painting in an auction.

I am saying that digital art (NFT) has a lower value than physical art. I find most of NFT similar to very young children random paintings. They have value mostly for their relatives only.

I agree that "The value of each NFT depends on the influence of its creator", but there are so many "creators", that does not allow value to grow. Look around. Each and every project create their own NFT. They dont even have goal or business plan. Their idea is "today will make and distribute NFT, and maybe someone will pay a lot of money for it". I can be a creator like that. I can create 1min sketch pictures in paint, hoping to sell them on an auction.

"a million dollar physical painting" definitely is created by a famous person. But "a million dollar NFT" can be created by a kinder garden kid, and this NFT can accidentally be bought by a crypto user.

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Quote from: bakasabo on November 12, 2021, 04:53:25 AM

I would say that NFT is the scariest bubble for me. Despite ICO bubble, where an investor or buyer at least have a small and predictive description of what he is spending money on, NFT is something I always avoid. With NFT, I just buy a bunch of pixels. Some of them have a value, but compared to a token from ICO, that value is described in whitepaper, NFT value is an imaginary amount that someone once set. It can be 1 cent, it can be $1 million. With ICO bubble, tokens in most scenarios can be sold at etherdelta for 1 gwei. With NFT, you can just hope that someone buys for the price you've set. I find it very hard to earn with NFT bubble and avoid it.

Are you saying that a physical art collection value is in bubble too because it's value sometimes more than dollar without any basis on how to land on it? Ofcourse not. Most of the thing made on NFT arts and they just convert the physical to digital that's why many artist are starting to enter on this industry. The value of each NFT depends on the influence of its creator. There are some instances that there's a manipulation on price but that is just an isolated case. Art collectors in crypto are investing tons of money NFT because they know that they are first to hold since its new and they are investing because they know it will be worth more in the future.

It is just like investing on unknown arts from unknown artist then suddenly in the future it became limited edition and collectors item because it is first on its own kind. I agree that some NFT valuation is over price for us non-collectors but remember we are keep telling that even when someone bought a million dollar physical painting in an auction.

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