We're in a bubble - page 7. | Bitcointalksearch.org

instacalm

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Quote from: spartak_t on May 21, 2017, 01:57:59 PM

Because the daily trade volume has increased ~x4-5 in few months and I don't believe we have x4-5 more users interested in Bitcoin or whatever...

My opinion is that it's our mindset.

Bitcoin at $2000 today seems reasonable to me, post-2014 has shown the way we want to go.

I think the current total market cap of cryptocurrency at $73 billion and $2 billion volume/24h is still quite small in the larger scheme.

We will all want things to grow a lot taller and deeper, don't you think? We are

XbladeX

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Quote from: spartak_t on May 21, 2017, 01:57:59 PM

Because the daily trade volume has increased ~x4-5 in few months and I don't believe we have x4-5 more users interested in Bitcoin or whatever...

hedge funds are looking for market to do PnD silver and gold are to big but crypto is unreguated and easy to move , next thing is that coinbase is reporting that they add 100 000 accouns every week...
I have waited to everything acc on Kraken for month becouse there were busy.
In best intrest for exchange is to give me opportunity to trade ASAP to me .
I will burn more via commission .
I believe many NEW people rushed this time to exchanges to.
There is bubble sure but we have many new people to.

Shiroslullaby

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Quote from: spartak_t on May 21, 2017, 01:34:39 PM

2. Crowdsales/funding based on Ethereum are insane. How did Aragon raised $25 Million in half an hour?

Augur being valued at almost $200 million while still in Beta is fucking ludicrous.
Nothing makes sense in crypto right now. 90% of these coins are going to crash and burn.
Pick the 10% that make it and you might get rich, but most people are going to lose big time when the bubble pops.
90s- Dot com bubble
2000s- Housing bubble
2010s- Crypto bubble

XbladeX

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Quote from: spartak_t on May 21, 2017, 05:21:36 AM

I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...

Sure mate that we are in bubble but what I would tell ya.
There was a lot of projects that realy worked on something and was worth not much like NEM (30sat) price hover about 30-100 for year project was undervalued and noone gave really shit about it. Same went to BTC even if you look how many people were working aground BTC price was crashing and crashing all time. Then stopped and started rissing. Is hard to find fair value and say THIS is this price this is fair. Market allwas or overvalue price or undervalue that price.

Sad part is that many people will loose 90% capital in alts and many will loose some in BTC.
From all coins only BTC is used and ETH for funding ICO.

spartak_t

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@FAILCommunity

Because the daily trade volume has increased ~x4-5 in few months and I don't believe we have x4-5 more users interested in Bitcoin or whatever...

nizamcc

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Why don't you see that much usage? When users are growing on a daily basis, don't you think you should consider media as well as many things that are happening in Bitcoin world that's attracting more and more potential users daily who are actively getting added to trading too? People who are already addicted to trading must be taking it as a chick that's giving a golden egg daily, and you think that we are in a bubble? I feel we are pumping slowly and yes, it will burst but not that hard that we used to see before.

JayT

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http://cryptoinvesting.net

I already have standing bet there is no bubble yet with 1 guy. We are up 50% since that bet. BTC is in trouble if it can't update. Altcoins not bubble. Such steady increase is not indicative of bubble. This crypto market is still tiny under 100billion USD. Call me when marketcap is 700billion.

spartak_t

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Quote from: mining1 on May 21, 2017, 01:11:24 PM

Well, bubble is in the crypto scene, just not in bitcoin / ethereum. Every other project/crypto out there currently is 99% dumb speculation. By dumb speculation i mean investment into projects that had and have 0 potential. Atleast some of bitcoin's speculation comes from outside investors as a hedge against fiat.

Like it or not, Ethereum is probably the biggest bubble of them all.
1. It was supported by Polo whales for ages and its price had nothing to do with its current situation (I'm talking about the problems ETH had in the past, not sure now as I don't follow its progress and I don't care if it reach $10,000).
2. Crowdsales/funding based on Ethereum are insane. How did Aragon raised $25 Million in half an hour?

instacalm

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Quote from: Warkop on May 21, 2017, 01:27:47 PM

Quote from: vlom on May 21, 2017, 06:02:03 AM

but why is this bubble just getting bigger and bigger. when will it pop? i am waiting for this since several weeks. and nothing happens.
do you have an idea when it will happen?

I think this week is the last week for this bubble to enlarge, so in my estimation, next week the bubbles will shrink in the next few weeks, so I'm thinking how long bubbles will get bigger, even that could be. Larger than On now.

Check this chart to see how things grow

Things keep going

Warkop

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Quote from: vlom on May 21, 2017, 06:02:03 AM

but why is this bubble just getting bigger and bigger. when will it pop? i am waiting for this since several weeks. and nothing happens.
do you have an idea when it will happen?

I think this week is the last week for this bubble to enlarge, so in my estimation, next week the bubbles will shrink in the next few weeks, so I'm thinking how long bubbles will get bigger, even that could be. Larger than On now.

ven_bug_trap

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Quote from: rkat55 on May 21, 2017, 12:52:04 PM

People go where there is money to be made, no mystery there.

But to say we're in a bubble just because blockchains are successful is like saying Google Adwords is in a bubble because advertisers keep bidding higher and higher for top position for their ads.

Where there is demand, prices will increase.

I think the general consensus is that yes, coins for which there is a higher demand are rising in price and market cap. However, shitcoins that there is absolutely no demand for are also making huge gains in price, sometimes much more significantly than the coins that actually provide value. So people think that, at some point in the near future, the altcoin market will crash, leaving only Bitcoin and a few others standing. That is at least the extreme interpretation of it.

mining1

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Well, bubble is in the crypto scene, just not in bitcoin / ethereum. Every other project/crypto out there currently is 99% dumb speculation. By dumb speculation i mean investment into projects that had and have 0 potential. Atleast some of bitcoin's speculation comes from outside investors as a hedge against fiat.

rkat55

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People go where there is money to be made, no mystery there.

But to say we're in a bubble just because blockchains are successful is like saying Google Adwords is in a bubble because advertisers keep bidding higher and higher for top position for their ads.

Where there is demand, prices will increase.

samus.aran

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Quote from: virtualdn on May 21, 2017, 12:18:57 PM

Quote from: bearex on May 21, 2017, 12:15:15 PM

I think it is not a bubble, but mass adaptation. I mean, it is still not mass, but it is getting there. So there might be some ups and downs, but the general trend is towards blockchain and that means that the blockchain project will be successful and their price will increase.

what mass adoption? with $8 BTC fees per transaction we won't see something like this soon

It's a bubble; who would buy long time dead coins just for adoption - it's just pure quick profit

There are some places in the world where people would be willing to pay more than that to get rid of inflation... But here I am talking about storage of value, not micropayments.

virtualdn

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Quote from: bearex on May 21, 2017, 12:15:15 PM

I think it is not a bubble, but mass adaptation. I mean, it is still not mass, but it is getting there. So there might be some ups and downs, but the general trend is towards blockchain and that means that the blockchain project will be successful and their price will increase.

what mass adoption? with $8 BTC fees per transaction we won't see something like this soon

It's a bubble; who would buy long time dead coins just for adoption - it's just pure quick profit

bearex

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I think it is not a bubble, but mass adaptation. I mean, it is still not mass, but it is getting there. So there might be some ups and downs, but the general trend is towards blockchain and that means that the blockchain project will be successful and their price will increase.

spartak_t

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Quote from: dinofelis on May 21, 2017, 11:32:39 AM

Quote from: spartak_t on May 21, 2017, 05:21:36 AM

I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...

...

Oh my... reading your post is almost always difficult. Cheesy

Lighten up, call it bullshit (or agree) and that's it. Cheesy

I for one have a day off, a beer in front of me and extra 18 ANT for the past 30 mins or so.

What do you think about joining FAIL as a spokesman? Cheesy

You seem like a straight up guy and you're not stupid (unlike mining1 and his girlfriend Mindlesscache).

~V~

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I also think we're going too fast. I would have preferred to see Bitcoin staying for some more time in the $ 1700-1750 range before another great surge. But it's not the end of the world, let's see what happens.

dinofelis

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Quote from: spartak_t on May 21, 2017, 09:29:46 AM

Quote from: Netnox on May 21, 2017, 09:21:22 AM

I don't think that the current spike in the BTC exchange rates is a bubble. It is having more than 10 million users, and the user base have been growing for the past many years. But the same can't be said about most of the altcoins. They don't have a large number of users.

Well, it should be a bubble, because increasing of users + more transactions = even more problems. I have a friend who has a transaction without a single confirmation for 2 weeks now. And we're talking about 0.08 BTC. Yeah, they are not $10 million, but still...

This is because the price of bitcoin is not the price of the token on the block chain that has problems, but is the price of the abstract IOU token on exchanges that work as speculative clearing houses. It is very difficult right now to handle tokens on the block chain, but it is quite easy to buy IOU on exchanges, trade them and speculate on.

Look at the recent explosion of Bytecoin, and look at the VOLUME. Bytecoin was essentially a dead coin of which the scammy origin was analysed long ago.

http://democats.org/charts/?name=bytecoin&type=transactions

Nobody is using it any more than before. About 2000 transactions a day.

http://coinmarketcap.com/currencies/bytecoin-bcn/

Just an example.

Usage on the block chain has nothing to do with speculative value of the token on exchanges.

mining1

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Dollface, be honest with us, but most importantly with yourself and acknowledge that you were wrong about ethereum. Are you capable of that ? I'll stop calling you dollface if you do that, it's just a honest thing to do. I don't like shitcoins either, but eth never was one. If your argument against it is "BUT DAO" or " OMG PREMINE" then there's no debate because that's stupid and you know it.

Topic: We're in a bubble - page 7. (Read 10363 times)