Market is going to dump on you at some point - page 3.

ratatatat

full member

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Merit: 100

Maybe worth mentioning: 2013 and 2014 bubbles had higher interest from the www in general - and marketcap is much higher now than it was back then.
Currently interest in btc is half as big as it was on the peak in 2013/14 and only 2/3 from the bubble in early 2013.
Look, Litecoin had much higher interest in 2013/14 than Ethereum has now.

Don't think there's no risk. It might be overvalued already. Ethereum and LTC certainly are overvalued aswell as ripple, nem and many other alts.

just my 2satoshi

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: ratatatat on May 09, 2017, 11:16:57 PM

That's a certainty.

Of course what comes down up at some point will come down,this is what makes trading exciting you never know when it;s going to happen,you must have a hint when it's going to happen,that is why trading is not for the weak in heart and are not risk taker.

kryptqnick

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Join the world-leading crypto sportsbook NOW!

Quote from: Herbert2020 on May 10, 2017, 12:51:56 AM

right now there is a bubble but there is also some denial in the altcoin market.
prices have gone up super fast and super big. now they need to come down in a dump, we already saw some massive dump take place. but people are associating it with poloniex being down, but it actually is the other way around, the altcoins got dumped and polo went down because of it!
we will surely see many dead cat bounces all around the market to get some more victims but eventually they all end up dumping after they lost a good amount of money and they started facing the reality.

Which coins are dumping? Ethereum is now 89$ which is still good. Litecoin is going up and approaching 2 billion dollars of market capitalization. Even dash and monero are still going up. I believe dump is not there yet. And what will start happening is not a dump but rather a stabilization. Good coins will be distinguished more from bad ones and the prices will stop changing that fast. It will just become harder to manipulate alts' prices.

dissident

sr. member

Activity: 280

Merit: 250

Meh... We're only at the peak of the bubble when people stop calling a bubble... When everyone is a full on bull, that's when the bubble is close to a peak. Still way too many people including me "calling" a bubble and being bearish.

I still remember the dot com bubble. Nobody back then at the end was calling a bubble. It was true flaming bullishness.

groko271

hero member

Activity: 790

Merit: 505

I'm sick of all the current bursting bubble threads. Why not just post in the many other ones instead of creating another. Makes me wonder about motive.

However, he OP is most likely correct, as we've seen it before.

My observations are:
- I know 3 people who are now investing in crypto , from btc to ripple, not knowing I have been into crypto for about 8yrs. This is an interesting development and maybe the tip of the iceberg.

- there's a lot of new investors converting fiat>btc<>alts. This is part the reason for the recent demand and rise in btc price.

- those like me who have hodled btc from the early days can afford to spread a few btc across the shitcoin markets in the hope of another good investment. Personally I don't play the market but layout some investment across some alt projects I believe in. If they all fall to shit (like the bubble bursting cheer squad Are saying) I don't care, because btc is still king.

- I think some alts will survive to be good value one day, picking which ones will is the real test.

AtomicDog602

newbie

Activity: 15

Merit: 0

A bubble is a bubble. A market gets hot and all sorts of new money comes in to take advantage, often these less savvy investors are the same ones that sell off and run away when things turn sour, causing a market to implode. Seen the story play out again and again.

Not saying one can't make money in a market running up, but don't be left without a chair when the music stops.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: Herbert2020 on May 10, 2017, 01:18:38 AM

Quote from: RewFrew on May 10, 2017, 01:07:48 AM

Bubble bubble bubble, what bubble are talking about? 1929 or 2008? if so cryptocurrencies have more than 10years before that big bubble.

In the meantime we are in very small bubbles sometimes because the crypto market is new and so small.

"99% of the people around me laugh when I speak about criptocurrencies. There is nobody inside this new asset class. How can we live in a bubble if 99% of the people I know do not even know what is this blockchain technology about? I think you are confusing high volatility with a bubble. Of course we will see eventually a bubble, but it will be a bubble when your taxi driver tells you how good is buying bitcoin! That will be the time to jump!" Said someone, and i'm with him.

https://en.wikipedia.org/wiki/Economic_bubble
"An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value."

or a better explanation from investopedia
http://www.investopedia.com/terms/b/bubble.asp
"A bubble is an economic cycle characterized by rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unwarranted by the fundamentals of the asset and driven by exuberant market behavior. When no more investors are willing to buy at the elevated price, a massive selloff occurs, causing the bubble to deflate."

a bubble has nothing to do with whether or not people around you know about that asset. it is all about price and how that price reached the current inflated state. and the two above descriptions match the situation in altcoin market 100%.
- price went up rapidly : check
- exceeding the intrinsic value of altcoins : check
- followed by a dump : check
- history of these altcoins being pump and dump : check

But this is true of bitcoin also, only on a larger scale. There's no fundamental difference. Bitcoin's economic value as a currency is only on the percent-level of its market cap. It is tens of times over-valued if that is the fundamental.

Viper1

sr. member

Activity: 686

Merit: 320

Quote from: lurker10 on May 10, 2017, 01:34:56 AM

Quote from: Viper1 on May 10, 2017, 01:11:48 AM

Quote from: lurker10 on May 10, 2017, 12:53:51 AM

Let's define terms, we're talking about breaking of the Great Crypto Bull market that started in the winter of 2016/17, right?

Well, this breaking is not going to happen this month. There is a possibility it will happen at year-end.

Price corrections (some as big as 33-50%) will be happening all the time though as the bull is hard to ride, it tends to throw away those who don't hold tight.

Segwit has roughly 6 more months to activate but the outcome of this "war" will probably be known before that. My gut says 3-4 months and then things will really start to change across the board.

Bitcoin is too big to change: https://bitcointalksearch.org/topic/bitcoin-works-as-intended-price-confirms-1908585

Not sure what your point is other than maybe you're simply saying they shouldn't touch it. But they are and they will... Which then invokes your other statement which is what I was alluding to.

Quote from: lurker10 on May 09, 2017, 03:36:36 AM

Segwit is a huge change of the protocol, it will undermine investors confidence and send the price plummeting. Unlimited blocks is also not safe. Investors are cautious. Upgrade Bitcoin to Segwit or to BU and it will lose relevance very quickly.

Personally, I think if "segwit" loses, all hell will break loose while segwit "winning" will be less disruptive (there will still be some) but we'll just have to wait and see what happens.

RewFrew

full member

Activity: 602

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Chainjoes.com

Quote from: Herbert2020 on May 10, 2017, 01:18:38 AM

Quote from: RewFrew on May 10, 2017, 01:07:48 AM

Bubble bubble bubble, what bubble are talking about? 1929 or 2008? if so cryptocurrencies have more than 10years before that big bubble.

In the meantime we are in very small bubbles sometimes because the crypto market is new and so small.

"99% of the people around me laugh when I speak about criptocurrencies. There is nobody inside this new asset class. How can we live in a bubble if 99% of the people I know do not even know what is this blockchain technology about? I think you are confusing high volatility with a bubble. Of course we will see eventually a bubble, but it will be a bubble when your taxi driver tells you how good is buying bitcoin! That will be the time to jump!" Said someone, and i'm with him.

a bubble has nothing to do with whether or not people around you know about that asset. it is all about price and how that price reached the current inflated state. and the two above descriptions match the situation in altcoin market 100%.
- price went up rapidly : check
- exceeding the intrinsic value of altcoins : check
- followed by a dump : check
- history of these altcoins being pump and dump : check

If all these are checked, what the hell are you doing there? Sell all your crypto to dollars right now and exit!!!

lurker10

sr. member

Activity: 378

Merit: 250

Quote from: Viper1 on May 10, 2017, 01:11:48 AM

Quote from: lurker10 on May 10, 2017, 12:53:51 AM

Let's define terms, we're talking about breaking of the Great Crypto Bull market that started in the winter of 2016/17, right?

Well, this breaking is not going to happen this month. There is a possibility it will happen at year-end.

Price corrections (some as big as 33-50%) will be happening all the time though as the bull is hard to ride, it tends to throw away those who don't hold tight.

Segwit has roughly 6 more months to activate but the outcome of this "war" will probably be known before that. My gut says 3-4 months and then things will really start to change across the board.

Bitcoin is too big to change: https://bitcointalksearch.org/topic/bitcoin-works-as-intended-price-confirms-1908585

whale123

sr. member

Activity: 406

Merit: 250

Depends on the type of coin you invest in.

RewFrew

full member

Activity: 602

Merit: 144

Chainjoes.com

More advanced crypto experts dont have the same view about the bubble, they was there in 2014..

An event happens, millions of witness, and millions of views, thats how it work, this is not like math where all mankind are ok about 1+1= 2

i'm out of this bubble talks, more advanced experts than you arent ok about it.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: RewFrew on May 10, 2017, 01:07:48 AM

Bubble bubble bubble, what bubble are talking about? 1929 or 2008? if so cryptocurrencies have more than 10years before that big bubble.

In the meantime we are in very small bubbles sometimes because the crypto market is new and so small.

"99% of the people around me laugh when I speak about criptocurrencies. There is nobody inside this new asset class. How can we live in a bubble if 99% of the people I know do not even know what is this blockchain technology about? I think you are confusing high volatility with a bubble. Of course we will see eventually a bubble, but it will be a bubble when your taxi driver tells you how good is buying bitcoin! That will be the time to jump!" Said someone, and i'm with him.

https://en.wikipedia.org/wiki/Economic_bubble
"An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value."

or a better explanation from investopedia
http://www.investopedia.com/terms/b/bubble.asp
"A bubble is an economic cycle characterized by rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unwarranted by the fundamentals of the asset and driven by exuberant market behavior. When no more investors are willing to buy at the elevated price, a massive selloff occurs, causing the bubble to deflate."

a bubble has nothing to do with whether or not people around you know about that asset. it is all about price and how that price reached the current inflated state. and the two above descriptions match the situation in altcoin market 100%.
- price went up rapidly : check
- exceeding the intrinsic value of altcoins : check
- followed by a dump : check
- history of these altcoins being pump and dump : check

Viper1

sr. member

Activity: 686

Merit: 320

Quote from: RewFrew on May 10, 2017, 01:07:48 AM

Bubble bubble bubble, what bubble are talking about? 1929 or 2008? if so cryptocurrencies have more than 10years before that big bubble.

In the meantime we are in very small bubbles sometimes because the crypto market is new and so small.

"99% of the people around me laugh when I speak about criptocurrencies. There is nobody inside this new asset class. How can we live in a bubble if 99% of the people I know do not even know what is this blockchain technology about? I think you are confusing high volatility with a bubble. Of course we will see eventually a bubble, but it will be a bubble when your taxi driver tells you how good is buying bitcoin! That will be the time to jump!" Said someone, and i'm with him.

Go educate yourself. Go look at life time charts for coins. See that 2014 bubble for bitcoin and what happened with that? Those that have been around here for awhile know how these things tend to trend.

jacafbiz

hero member

Activity: 2128

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Any experience trader will understand that soon the market correct itself, I don't think the correction will lead to dump because from the look of things alot of institutional funds have enter the space and expect this trend to continue and crypto get more media exposure

Viper1

sr. member

Activity: 686

Merit: 320

Quote from: lurker10 on May 10, 2017, 12:53:51 AM

Let's define terms, we're talking about breaking of the Great Crypto Bull market that started in the winter of 2016/17, right?

Well, this breaking is not going to happen this month. There is a possibility it will happen at year-end.

Price corrections (some as big as 33-50%) will be happening all the time though as the bull is hard to ride, it tends to throw away those who don't hold tight.

Segwit has roughly 6 more months to activate but the outcome of this "war" will probably be known before that. My gut says 3-4 months and then things will really start to change across the board.

RewFrew

full member

Activity: 602

Merit: 144

Chainjoes.com

Bubble bubble bubble, what bubble are talking about? 1929 or 2008? if so cryptocurrencies have more than 10years before that big bubble.

In the meantime we are in very small bubbles sometimes because the crypto market is new and so small.

"99% of the people around me laugh when I speak about criptocurrencies. There is nobody inside this new asset class. How can we live in a bubble if 99% of the people I know do not even know what is this blockchain technology about? I think you are confusing high volatility with a bubble. Of course we will see eventually a bubble, but it will be a bubble when your taxi driver tells you how good is buying bitcoin! That will be the time to jump!" Said someone, and i'm with him.

lurker10

sr. member

Activity: 378

Merit: 250

Let's define terms, we're talking about breaking of the Great Crypto Bull market that started in the winter of 2016/17, right?

Well, this breaking is not going to happen this month. There is a possibility it will happen at year-end.

Price corrections (some as big as 33-50%) will be happening all the time though as the bull is hard to ride, it tends to throw away those who don't hold tight.

Herbert2020

legendary

Activity: 1946

Merit: 1137

right now there is a bubble but there is also some denial in the altcoin market.
prices have gone up super fast and super big. now they need to come down in a dump, we already saw some massive dump take place. but people are associating it with poloniex being down, but it actually is the other way around, the altcoins got dumped and polo went down because of it!
we will surely see many dead cat bounces all around the market to get some more victims but eventually they all end up dumping after they lost a good amount of money and they started facing the reality.

Viper1

sr. member

Activity: 686

Merit: 320

Quote from: ratatatat on May 09, 2017, 11:16:57 PM

That's a certainty.

Yep. And there will be much crying.

Topic: Market is going to dump on you at some point - page 3. (Read 3923 times)