Summer 2017: local bubble | Bitcointalksearch.org

masterzino

hero member

Activity: 1218

Merit: 513

Quote from: GRR on June 25, 2017, 05:21:33 AM

Recently I was dining in a very remote place on the european countryside, when suddenly, the owner told me about this new revolution in the financial sector. He left and came back again with those OneCoin Folders and left them at the table. Very amusing, though he didn't believe me it is just a Ponzi Sheme without any value. Poor guy.

I really find it amusing when people believe in ponzi's like Onecoin and then explaining me how bitcoin is a total scam, pyramid and CIA is behind it. Their explanation is that you can't touch a bitcoin. But onecoin have physical offices in many EU big cities. Like they have a big office space in one of the most popular location in my town's center.

About summer local bubble, imo the peak will be at 1 Aug in case of BTC hark fork.

thompshma

sr. member

Activity: 342

Merit: 250

Quote from: Bfljosh on June 25, 2017, 12:19:29 PM

Nothing will happen.

best advice so far.

casper819

newbie

Activity: 10

Merit: 0

Woohoo, it seems I joined the party not too late. A correction is good as it'll save me money to cheap coins.

Bfljosh

hero member

Activity: 714

Merit: 500

Skol!

Nothing will happen.

coingrow

full member

Activity: 364

Merit: 102

Quote from: lurker10 on June 25, 2017, 04:11:46 AM

It is summer time, beach season. Price action suggests we have reached a local bubble. This isn't the ultimate bubble, as this is not the common people buying crypto phase yet. They have heard of Bitcoin and crypto but have yet to buy their first coin. The ultimate bubble is 2-5 years away when you start hearing tips from McDonald's burger-flippers. However, the small local bubble seems to be forming now. I think the crypto sector is going to cool down for a 3-4 months before getting a new revitalizing. What are your opinions?

I keep on hearing from diff people that summer is not a good time for crypto. Why is that? Do all the investers and traders take a break during this time? I mean bitcoin is global, how does July and Aug affects this is something I am unable to understand. Also I have seen that alts tend to take a dip on Monday's, why does this happen?

Ayers

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Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: lurker10 on June 25, 2017, 04:11:46 AM

It is summer time, beach season. Price action suggests we have reached a local bubble. This isn't the ultimate bubble, as this is not the common people buying crypto phase yet. They have heard of Bitcoin and crypto but have yet to buy their first coin. The ultimate bubble is 2-5 years away when you start hearing tips from McDonald's burger-flippers. However, the small local bubble seems to be forming now. I think the crypto sector is going to cool down for a 3-4 months before getting a new revitalizing. What are your opinions?

i think this will be the first time in hystory where we get a very high bubble in summer, this bubble always happen in winter, but this tiem is different, the pump and ivnestors are too strong now, and they won't leave the field just for the beach lol

shifty30

member

Activity: 126

Merit: 10

Quote from: Proxik on June 25, 2017, 09:11:47 AM

Quote from: benthach on June 25, 2017, 08:40:15 AM

Quote from: shifty30 on June 25, 2017, 05:36:30 AM

the total market cap has reached 115-116 a couple times now and it looks like there is no new money flowing in..... so i guess we can expect a dive back to 20-30 total cap
To me it looks like people are slowly pulling out money and it will turn into 1 big panic soon. A month ago everybody was still hyped about pretty much everything but right now the only thing people talk about is bubbles and pulling out money.

anyway.... time will tell

Marketcap will never go back to 20-30 again, ever

I agree, more likely is about 60- 80, which is still a huge drop.

But it also possible to stay at this 100 -110 and wait for another rise (slowly or fast), people have to adopt to the prices to do another investment, the crypto have to prove its stability, what is needed is time to do it.

ofcourse I hope your right about the 100-110 and going up from here but I am just wondering if people can handle a big crash that reaches the 60 cap because according to the bubble theory we will dive even deeper before getting back to "normal" so WHEN it happends I do not think 60 is going to be the bottom.
but like i wrote before..... time will tell

jaberwock

legendary

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Both Ether and Bitcoin have issues now, with Ether network being congested because of one ICO and Bitcoin has the hard/soft fork issue. Both networks have future, but I don't think any prediction about bubbles could be made until the issues are solved, one way or another.

Proxik

full member

Activity: 146

Merit: 100

Quote from: benthach on June 25, 2017, 08:40:15 AM

Quote from: shifty30 on June 25, 2017, 05:36:30 AM

the total market cap has reached 115-116 a couple times now and it looks like there is no new money flowing in..... so i guess we can expect a dive back to 20-30 total cap
To me it looks like people are slowly pulling out money and it will turn into 1 big panic soon. A month ago everybody was still hyped about pretty much everything but right now the only thing people talk about is bubbles and pulling out money.

anyway.... time will tell

Marketcap will never go back to 20-30 again, ever

I agree, more likely is about 60- 80, which is still a huge drop.

But it also possible to stay at this 100 -110 and wait for another rise (slowly or fast), people have to adopt to the prices to do another investment, the crypto have to prove its stability, what is needed is time to do it.

benthach

legendary

Activity: 1764

Merit: 1000

Quote from: shifty30 on June 25, 2017, 05:36:30 AM

the total market cap has reached 115-116 a couple times now and it looks like there is no new money flowing in..... so i guess we can expect a dive back to 20-30 total cap
To me it looks like people are slowly pulling out money and it will turn into 1 big panic soon. A month ago everybody was still hyped about pretty much everything but right now the only thing people talk about is bubbles and pulling out money.

anyway.... time will tell

Marketcap will never go back to 20-30 again, ever

lurker10

sr. member

Activity: 378

Merit: 250

Quote from: shifty30 on June 25, 2017, 05:36:30 AM

the total market cap has reached 115-116 a couple times now and it looks like there is no new money flowing in..... so i guess we can expect a dive back to 20-30 total cap
To me it looks like people are slowly pulling out money and it will turn into 1 big panic soon. A month ago everybody was still hyped about pretty much everything but right now the only thing people talk about is bubbles and pulling out money.

anyway.... time will tell

I believe the numbers you gave are too dramatic. 50-60 billion is more likely where this pull back will be stopped. But anything could happen, prepare ourselves!

shifty30

member

Activity: 126

Merit: 10

the total market cap has reached 115-116 a couple times now and it looks like there is no new money flowing in..... so i guess we can expect a dive back to 20-30 total cap
To me it looks like people are slowly pulling out money and it will turn into 1 big panic soon. A month ago everybody was still hyped about pretty much everything but right now the only thing people talk about is bubbles and pulling out money.

anyway.... time will tell

GRR

sr. member

Activity: 249

Merit: 250

Recently I was dining in a very remote place on the european countryside, when suddenly, the owner told me about this new revolution in the financial sector. He left and came back again with those OneCoin Folders and left them at the table. Very amusing, though he didn't believe me it is just a Ponzi Sheme without any value. Poor guy.

lurker10

sr. member

Activity: 378

Merit: 250

It is summer time, beach season. Price action suggests we have reached a local bubble. This isn't the ultimate bubble, as this is not the common people buying crypto phase yet. They have heard of Bitcoin and crypto but have yet to buy their first coin. The ultimate bubble is 2-5 years away when you start hearing tips from McDonald's burger-flippers. However, the small local bubble seems to be forming now. I think the crypto sector is going to cool down for a 3-4 months before getting a new revitalizing. What are your opinions?

Topic: Summer 2017: local bubble (Read 1049 times)