Bitcoin can not currently say bubbles because they have not actually broken. Even last month the bitcoin gets big and the price is high but now the bitcoin has not gone down until the value is zero so bitcoin can still go back up again.bitcoin can tell bubbles if bitcoin it will fast big and then broke in instant.
Ignore those who talk about bubbles. Bitcoin was a bubble back in the $400-$500 days, and it still is today. In other words, it's a continuous bubble that keeps growing larger and larger throughout the years. Once we're about the break through the $50,000 mark, Bitcoin will again be a bubble, which is something that will never stop. People who don't understand why Bitcoin has value in the first place, will even say that $100 is a bubble. I however find it quite funny that despite these people not valuing Bitcoin, they still find it necessary to talk about it regularly, like it's part of their job. If you don't like something, then just ignore it, it's that simple. It however has to do with them having missed the early train, that I am sure of. More like people who don't understand that Bitcoin has no inherent value in the first place don't understand what bubbles are. Bitcoin's price is entirely made up by consensus and is therefore arbitrary. Unlike a lot of things that also are valued through consensus, Bitcoin lacks wide-scale adoption, meaning the number of people reaching consensus on value is extremely small and shallow, and therefore much more likely to be an outlier than say the value of the USD which is valued through consensus by hundreds of millions of people (on the low end). Bitcoin's price is made up by a small number of people screaming into an echo chamber and slowly more people get sucked in at already higher initial prices, so it doesn't look crazy to them. But eventually, you will run out of new people to get sucked in, and you are left with only your small echo chamber, and there's no one to sell your coins to anymore at higher prices. That's when the bubble pops. Perhaps we are in that phase now that the price is on a heavy and steady decline. Only time will ultimately tell. Is this your first crypto crash? Ha, far from it. It is the first crypto crash of this magnitude on a dollar basis, about $100 billion wiped out in the last 30 days. That's a first for everyone though because it's never happened before. I have no doubt there will be those who try to start the hype up again, insistent as ever that an asset with no inherent value and virtually no utility is really worth hundreds of billions of dollars. There's no shortage of things to be concerned about: low utility, volatility, shallow pool of market participants, more nimble competitors, expense of use. Each of those poses a threat to the price, but blind optimism continues to win the day. (Well, obviously not in the last month or so, but you get the idea.) Are you sure this isn't your first crash? You're definitely not talking like someone who has been around crypto for long. Nothing wrong with that by the way. Yes the dollar value is greater but the percentages are the same so its all relative. All those things you mentioned as concerns are absolutely nothing to the successful, determined people behind these projects that see the future of block chain technology and the coins that come with it. It's like the internet, I don't know how old you are but were you old enough to remember when it first came out? How many people said it would be useless because people have nothing to say to each other, now 90% of their communication is by email, chat rooms, social media, messaging apps, and that's just a fraction of how the internet has changed our lives. It too was once clunky, slow, a real pain to use, expensive, the dot com bubble reached $6.7 TRILLION, crashed even harder than this little crypto speed bump and now look where the survivors and new corporations since the crash are now. Blockchain and crypto is still very young and being tweaked and improved upon every week, just like the internet was, just like any old technology in fact. I agree the concerns you mentioned will wipe out a lot of coins, probably a good 80-90% of them, just like the dotcom bubble, but blockchain technology and Crypto currency is here to stay, its too great an advancement to just go away. The key now is finding which ones will be the Amazon and Google of the heap. Saying no utility is being very short sighted and tells me you have only invested in crypto for the capital gains and don't really know what the blockchain and its coins actually do or are capable of. Most of the coins have no utility, as I said above most will die like a lot of the early dotcoms did, but the 10% that do have the power to change our world a great deal just as email did, or smart phones or high speed internet connections rather that the old 56kpb dial up. I started messing around with Bitcoin in 2013. How many crashes would you say there have been since then? That's how many I've weathered. The longer I've been around, however, the more unsuitable I see Bitcoin specifically as a vehicle for value transfer. It hasn't scaled appropriately and now I'm personally convinced that it will eventually be eclipsed by a more useful cryptocurrency. Crypto on the whole I see as having a lot of promise, but any coin on an individual level much less so. And as for Bitcoin specifically, I see it as a has-been that's coasting on first-mover advantage and name recognition, but as far as competition goes, it's far inferior than all the other major cryptos. If I were buying at this price, that's what I'd be concerned with. Not that crypto will go away, that Bitcoin will. |
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Another Nobel laureate came out against Bitcoin. We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.) However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash: https://www.npr.org/templates/story/story.php?storyId=4679264. Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now:  So yesterday, Shiller said this exactly about Bitcoin: "Bitcoin, it’s just absolutely exciting. You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true. ... I don’t know where it’s going to stop. It’s going to go way up, like the stock market in the 1920s. We will reach a 1929 eventually. But then it won’t go to zero, it just will come down." This is one guy who when he says something is a bubble, people ought to listen. Maybe bitcoins is a bubble but lets just take the advantage today that the bitcoins is now leading in the all cryptocurrency and the bitcoins is still the most successful and people still wants it even if the Government are saying a lot of bad things to them because bitcoins is still profitable that it why people are still believing in bitcoins instead of Believing that this is a bubble that will explode. Because even if bitcoins do not endorse themselves they do it in the outcome not always in words You're missing the point. If Bitcoin is a bubble then there is no "taking advantage today" because all you're doing is paying for something far more than what it is worth (that's what a bubble is) and somehow hoping you're one of the ones who won't get burned. If you're buying assets at bubble prices, the odds are against you. And now that we've had several days of intense selling, perhaps the bubble is deflating and perhaps it isn't, but one thing that should make HODLers nervous is that Bitcoin isn't worth $18,000 one week and $10,000 the next. People hopped up on hype and FOMO paid $18,000 for something that was way over priced. At the rate of $18,000 I felt like it is going to fall, so I stopped investing and withdrew the profits I made so far. Some people kept on investing with the intention that the price rate for BTC will reach at least $25,000 before falling. I know all those people might have lost their money by now, unless they will invest into trading and recover all their loss. People thinking they're going to "time" the crash or get out before it's "too late" are the epitome of clueless gamblers and I don't feel bad when they lose money. They took on a risk they didn't understand, jumping on a bandwagon they didn't understand, and expect that what goes down must come back up despite the fact that nothing in economics works that way. The future is not predictable, otherwise the field of economics wouldn't exist. And it's funny that an average person thinks they can jump into this and be among the elite operators/traders just on a whim. Reality is going to deliver a crushing check on people like that. |
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It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...
Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?
It is safe to hold your alts while in this bloodbath situation. If you are a risk taker and can take the risk because you have the money, you can always bet trade. Playing safe on investing can sometimes stop you from earning. Although I prefer to be safe, I always admire those people who take risk and be successful. There only a few of them. Majority of them fails because they are too greedy. At the end of the day, its your decision. Trust in your knowledge and gut feeling. It's like poker, you can be aggressive or play it safe. If someone sold their house and put all their money on a roulette number, would that be an admirable thing to do? It's incredibly risky, but I can't imagine anyone finding it admirable to risk significant savings (win or lose) on what is a chance initiative. That's essentially what Bitcoin/crypto has become. How many people are now buying Bitcoin on credit cards or taking other high risk loans to speculate on something they hardly understand? |
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The news of a potential US government shutdown seem to be in sync with this 8% bitcoin rise. Coincidence or not? It was going up anyway and this seems to have triggered a pretty nice green candle. There's US government shutdown fears almost yearly but it has only happened 4 times in 25 years, I wonder how bitcoin will perform if it actually happens, I assume it will perform very well.
Definitely a coincidence. This is a case of backfitting news into an unrelated market event. It's not causation, it's not even correlated. Bitcoin has been retracing heavy losses it's taken over the last month, and this is a continuation of that same trend. It has nothing to do with the US government shutdown, and further, considering you can't buy or sell 99.99% of the things you you want/need in this economy with Bitcoin, if the dollar were to blow up on account of a government shutdown (not likely to begin with), then Bitcoin would tank because it represents tied up value that isn't useful. |
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Even the richest people on the planet bash Bitcoin for what it isn't... I bet they're just salty they missed the ride and wanna get on the next stop lol.
Or perhaps, as Bitcoin sits less than 50% of its all time high and is still on the way down, they were right and all the dreamy-eyed HODLers are now panic selling because deep down they fear that this really was a bubble, and it's now finally popping for any myriad of reasons: Bitcoin isn't a currency, it isn't useful to transact commerce, speculative hype has run out and now the coin has to trade on utility, Bitcoin is too slow, Bitcoin is too expensive to transfer value, and on and on. You state great points my friend, and i really do agree on some. But the thing is, lightning network is about to put an end to the main problems of bitcoins. And evry day we are getting close to the time of implementation of this new idea. There have been tests already that were successful. And i think this will be a way toake bitcoin reach incredible heights again. Breaking records by records all over again. And abiut the big price drops? I am more hapoy than worried. In fact, i am hoping for lower dips so i can buy a lot more bitcoins for a cheap price. But sadly, i think these dips will only be lasting for this month. Oh well, at least this dip has gotten rid of weak handed noobs that are bad for the crypto world as a whole. I hear an awful lot about how lightning network is going to be a game changer and make Bitcoin faster and cheaper again. This is needed, at a minimum. I hope it does, but my main concern with lightning network is that isn't it a centralized solution to the problems caused by decentralization and limited block space? People are so against raising the block size of Bitcoin because they argue about how much centralization it will cause by the miners, but isn't lightning network centralization of the transactions on a much more direct scale? This is currently what I don't understand. |
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Bitcoin can not currently say bubbles because they have not actually broken. Even last month the bitcoin gets big and the price is high but now the bitcoin has not gone down until the value is zero so bitcoin can still go back up again.bitcoin can tell bubbles if bitcoin it will fast big and then broke in instant.
Ignore those who talk about bubbles. Bitcoin was a bubble back in the $400-$500 days, and it still is today. In other words, it's a continuous bubble that keeps growing larger and larger throughout the years. Once we're about the break through the $50,000 mark, Bitcoin will again be a bubble, which is something that will never stop. People who don't understand why Bitcoin has value in the first place, will even say that $100 is a bubble. I however find it quite funny that despite these people not valuing Bitcoin, they still find it necessary to talk about it regularly, like it's part of their job. If you don't like something, then just ignore it, it's that simple. It however has to do with them having missed the early train, that I am sure of. More like people who don't understand that Bitcoin has no inherent value in the first place don't understand what bubbles are. Bitcoin's price is entirely made up by consensus and is therefore arbitrary. Unlike a lot of things that also are valued through consensus, Bitcoin lacks wide-scale adoption, meaning the number of people reaching consensus on value is extremely small and shallow, and therefore much more likely to be an outlier than say the value of the USD which is valued through consensus by hundreds of millions of people (on the low end). Bitcoin's price is made up by a small number of people screaming into an echo chamber and slowly more people get sucked in at already higher initial prices, so it doesn't look crazy to them. But eventually, you will run out of new people to get sucked in, and you are left with only your small echo chamber, and there's no one to sell your coins to anymore at higher prices. That's when the bubble pops. Perhaps we are in that phase now that the price is on a heavy and steady decline. Only time will ultimately tell. Is this your first crypto crash? Ha, far from it. It is the first crypto crash of this magnitude on a dollar basis, about $100 billion wiped out in the last 30 days. That's a first for everyone though because it's never happened before. I have no doubt there will be those who try to start the hype up again, insistent as ever that an asset with no inherent value and virtually no utility is really worth hundreds of billions of dollars. There's no shortage of things to be concerned about: low utility, volatility, shallow pool of market participants, more nimble competitors, expense of use. Each of those poses a threat to the price, but blind optimism continues to win the day. (Well, obviously not in the last month or so, but you get the idea.) |
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You have put forth some real points here which I agree upon 100%. Such as this have happened already in the past and also it is noticeable that it happened at the period, yes perfect. So from this we only have one lesson that we should really hold at the moment. If you have courage and enough money that you can stake or gamble then you should really go for buying some coins at this point. This is really perfect time to buy bitcoin and Ethereum on major scale. For me I don't have enough funds so I will most probably hold and won't do much moment here. I will look forward to start my trades again after analysing the market for next one week. Im sure the situation will be dispersed and everything will be clear to take the decisions.  Percentage-wise, perhaps this has happened before, but on a real value level, crypto and Bitcoin have never experienced losses this big. Bitcoin's market cap has dropped more than $100 billion since the high, and crypto's combined market cap has dropped more than $300 billion. These losses are unprecedented, even if Bitcoin has experienced larger percentage declines over a period before. The prices were insane before, they're still rather insane. Perhaps this is finally the restoration of a little bit of sanity. It doesn't look like the bubble has popped yet though. |
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Bitcoin can not currently say bubbles because they have not actually broken. Even last month the bitcoin gets big and the price is high but now the bitcoin has not gone down until the value is zero so bitcoin can still go back up again.bitcoin can tell bubbles if bitcoin it will fast big and then broke in instant.
Ignore those who talk about bubbles. Bitcoin was a bubble back in the $400-$500 days, and it still is today. In other words, it's a continuous bubble that keeps growing larger and larger throughout the years. Once we're about the break through the $50,000 mark, Bitcoin will again be a bubble, which is something that will never stop. People who don't understand why Bitcoin has value in the first place, will even say that $100 is a bubble. I however find it quite funny that despite these people not valuing Bitcoin, they still find it necessary to talk about it regularly, like it's part of their job. If you don't like something, then just ignore it, it's that simple. It however has to do with them having missed the early train, that I am sure of. More like people who don't understand that Bitcoin has no inherent value in the first place don't understand what bubbles are. Bitcoin's price is entirely made up by consensus and is therefore arbitrary. Unlike a lot of things that also are valued through consensus, Bitcoin lacks wide-scale adoption, meaning the number of people reaching consensus on value is extremely small and shallow, and therefore much more likely to be an outlier than say the value of the USD which is valued through consensus by hundreds of millions of people (on the low end). Bitcoin's price is made up by a small number of people screaming into an echo chamber and slowly more people get sucked in at already higher initial prices, so it doesn't look crazy to them. But eventually, you will run out of new people to get sucked in, and you are left with only your small echo chamber, and there's no one to sell your coins to anymore at higher prices. That's when the bubble pops. Perhaps we are in that phase now that the price is on a heavy and steady decline. Only time will ultimately tell. |
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Another Nobel laureate came out against Bitcoin. We're all familiar with the banking CEOs (Jamie Dimon) who have been critical of bitcoin, and it's easy for people to dismiss their criticism as coming from a party with interests they view to be directly threatened by Bitcoin. (I don't entirely buy that argument, but nonetheless...) What should be more concerning is the people who have won Nobel prizes in economics voicing concern over the sustainability of Bitcoin's price. Yesterday, Noble laureate Joseph Stiglitz said bitcoin should be outlawed. (Reckless statement IMO.) However, today, none other than Robert Shiller said that Bitcoin was destined to crash, and this is a much bigger deal because of who Robert Shiller is and his work. Robert Shiller's line of economic work deals specifically with the prediction of asset prices and the inefficiency of markets. Mr. Shiller's work lead to the establishment of the Case-Shiller Index which is used to value home prices in the US, and Mr. Shiller famously warned about the dotcom bubble and the housing bubble before anyone recognized they were bubbles. Here he is in 2005 warning that housing was a bubble detached from economic reality, and that it was destine to crash: https://www.npr.org/templates/story/story.php?storyId=4679264. Here's one key passage where he is talking about the housing bubble, and see if this doesn't sound exactly like Bitcoin right now: So yesterday, Shiller said this exactly about Bitcoin: "Bitcoin, it’s just absolutely exciting. You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true. ... I don’t know where it’s going to stop. It’s going to go way up, like the stock market in the 1920s. We will reach a 1929 eventually. But then it won’t go to zero, it just will come down." This is one guy who when he says something is a bubble, people ought to listen. Maybe bitcoins is a bubble but lets just take the advantage today that the bitcoins is now leading in the all cryptocurrency and the bitcoins is still the most successful and people still wants it even if the Government are saying a lot of bad things to them because bitcoins is still profitable that it why people are still believing in bitcoins instead of Believing that this is a bubble that will explode. Because even if bitcoins do not endorse themselves they do it in the outcome not always in words You're missing the point. If Bitcoin is a bubble then there is no "taking advantage today" because all you're doing is paying for something far more than what it is worth (that's what a bubble is) and somehow hoping you're one of the ones who won't get burned. If you're buying assets at bubble prices, the odds are against you. And now that we've had several days of intense selling, perhaps the bubble is deflating and perhaps it isn't, but one thing that should make HODLers nervous is that Bitcoin isn't worth $18,000 one week and $10,000 the next. People hopped up on hype and FOMO paid $18,000 for something that was way over priced. |
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Even the richest people on the planet bash Bitcoin for what it isn't... I bet they're just salty they missed the ride and wanna get on the next stop lol.
Or perhaps, as Bitcoin sits less than 50% of its all time high and is still on the way down, they were right and all the dreamy-eyed HODLers are now panic selling because deep down they fear that this really was a bubble, and it's now finally popping for any myriad of reasons: Bitcoin isn't a currency, it isn't useful to transact commerce, speculative hype has run out and now the coin has to trade on utility, Bitcoin is too slow, Bitcoin is too expensive to transfer value, and on and on. |
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Captcha has disappeared, haven't had to enter one for a few days. I thought this was probably a temporary thing as I've seen the captcha changing more frequently recently, but it's still gone and I'm just wondering why. First of all, I'm not complaining. I've used the site for several years and been through many captcha changes. As I'm not a botter or scammer, I very much like it better without and wondering if the longevity of my account plays at all into the disappearance of the captcha. I thought I read here that captcha gets removed if your balance is 2x your total free roll claims, but I have made no changes to my account (no deposits to boost the balance) and I am below that threshold on my stats page. So that to me suggests something was changed in the system to make my captcha go away. Anyone know?
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Hi traders!
Does somebody here do trading in stock market and also trading in bitcoin? Which is more profitable and safe?
Thanks ahead!
The bitcoin price went to the moon last year 2017 - it started the year early selling at $952 and end up the year reaching up to $20,000. The bitcoin is very valuable because it has a limited supply of only 16.7 million bitcoin in circulation worldwide. The bitcoin value will continue to grow in the future because of the limited supply and high demand. The stock market is just outclassed. It's likely that this is a bubble and the price is driven by mania and FOMO instead of a rational assessment of limited supply and making valuation play. Bitcoin price is dominated by demand, but the demand comes from the common conception that there will be someone willing to pay a higher price later in order to get their hands on Bitcoin. When the majority of people no longer believe this, either because it's no longer possible or people can conceive of a time when they believe it will no longer be possible, demand for Bitcoin will fall and so will the price. At the point it stops being a vehicle for speculation, it will then only be worth it's functional utility, and currently that is incredibly low due to network congestion. So hodlers are playing a risky game while convincing themselves that they're not, and historically that has never ended well. |
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What is the future of online gambling when all the government need to do is to close the bank accounts of casinos?
The answer is simple, the governments can not close all bank accounts of all businesses and exchanges, because there will be always countries that will allow it for their own financial benefit. Despite of this, you have still the option to mine coins or buy them from other people directly.
Why would the government want to close the bank accounts of casinos since they make so much money off of casinos? Unless you're talking about illegal casinos that operate outside of government regulations and that might have their assets seized for operating illegally. Can't say I worry too terribly about those scenarios since they're operating outside of the law. It's not as if the government wouldn't grant a license if applied for, the more they grant the more tax revenue they rake in. The reason a casino wouldn't want to abide by such laws is most likely tax evasion, and unregulated casinos are also money laundering havens, so I'm not gonna lose any sleep over those rackets getting shut down. |
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Steam dropped bitcoin support citing "high volatility" as a motive. When amazon stock jumped from $18 to $1,200 over a period of years, was this high volatility a bad thing? If bitcoin's value increases from $6,000 to $16,000 over a period of months, and HODL'ers benefit, this high volatility is bad? Where does the idea of high volatility being an unnecessary evil come from? Are there good arguments or evidence which support the concept of high volatility being a negative circumstance? In a sense, volatility simply means the price of something moves a lot, its not that bad if the vast majority of motion is in an upward direction?  Actually the volatility of bitcoin is not a bad thing to it. Its actually what makes it more popular in cryptoworld. And that's what encourage more investors to try to invest in bitcoin. Aside from that it makes the bitcoin more unique than other currency . Although its so hard to predict, what will be the price of bitcoib, it still had the most number of supporters. So if the value ,of bitcoin are falling down you don't have to panic. Just wait and hold it until it rises again. More popular for people trying to get rich off it, not more popular for people using it as a currency. It's not helping adoption, it's just spreading mania and hype, neither of which is useful for people who want Bitcoin to be a viable currency or alternative to the USD. A crash because the price got too hyped isn't guaranteed to recover. A lot of people are at risk of losing a lot of money because they are being irrational. |
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Traditional electronic money is a far greater threat than bitcoin in eliminating physical cash.
I dont agree with you on that point. You are right that cash won't be directly displaced by crypto currencies. But after cash wont be accepted and credit cards and EC are the only way to buy stuff (probably in ~5 years), i think those credit cards are going to be replaced by crypto currencies pretty soon. Credit cards are no way secure and this will become a big problem in the future. Crypto currencies are a really good approach to fast cash-less buying/paying. But BTC probably won't be the most accepted langauge since countries are going to start their own crypto coins like russia did with krypto rubel. First, cash won't disappear in the next ~5 years. That's a crazy expectation considering how much commerce still happens in cash, especially in more rural communities. Cash continues its decline but it's nowhere near extinct. Second, I don't see crypto being a suitable replacement for credit cards, whether or not cash is extinct. It would necessitate the replacement of the USD, which despite what crypto enthusiasts believe just isn't going to happen. Crypto also doesn't fulfill the roles credit does, which is to delay payment. Instant settlement isn't going to replace transaction where quick settlement isn't the intention of the transaction. |
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now the government has learned about blockchain technology and already know the potential of blockchain owned, whether it will affect the existing banking and financial system. why the government is not ready to use bitkoin, what because they have not been able to control it? what they already have a plan to make use of blockchain, so their goal is like having something that can exist beside their system, that way they plan it.
The government doesn't use Bitcoin for the same reason everybody else doesn't use it- it's ust not very useful. It's slow, it doesn't have a stable value, it's incredibly expensive, and it's a nascent technology. You don't trust your economy to something that has been around for less than 10 years and is unreliable and finicky. People expecting crypto to replace the dollar just don't have a realistic understanding of how things work, and they therefore have unrealistic expectations. |
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What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?
What are the factors that make these people successful in their investments?
Bitcoin is a digital money. You can earn money from money by buying dump coins then sell it when price is increase so you can make money from money. Bitcoin now is very interesting business to make because you will gain a very big amount if you wait for the expensive price of bitcoin. It's very easy to earn and profit a big amount of money if you just patiently wait and monitor the price for you if you want to sold it immediately. The problem with such a simplistic worldview like this is that nobody knows when a "dump coin" is going to increase in value, or if it will bounce again after a big drop. Buying during a big drop is extremely risky, especially for a coin you've identified as a "dump coin" and thus are acknowledging it's a garbage coin and ostensibly doesn't serve any market function. |
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I recall a 30,000 coin dump in one go on Bitstamp. It certainly put a dent in things but rebounded quickly. There's a lot more dollars than coins out there.
Yeah i remember that too, can't remember what the markets did afterwards though. I think there is probably more panic buying than selling going on at the moment. I generally can not understand why panic. People worked with Bitcoin to raise a lot of money, so why make a panic and sell it at the slightest fluctuation in the price of it? Bitcoin falls in price and rises, it has always been unstable, but it grows all the time. Why panic, I do not understand, Because most people have a rational fear of losing significant sums of money and also understand that the price of bitcoin is not guaranteed to go up over time. So the fear of large price drops is that the bubble is finally popping and the price is not going to recover because the mass delusion is finally over. When that happens, the people who are going to get burned the hardest are those holding and buying more during the price crash, convinced about something in the future that is never coming. |
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I further recommend to invest in bitcoin from now on
because I am sure that bitcoin prices will continue to rise,
as more and more enthusiasts from crypto currency.
the longer we wait we will be left behind by the more expensive price
So people should invest in bitcoin because you are sure prices will continue to rise? If you look at Google trends ( https://trends.google.com/trends/explore?date=today%203-m&q=bitcoin), the peak buzz seems behind. At present, bitcoin is very stable and has little fluctuation in the past week. I think if you have tracked and are interested in the cypto market and especially bitcoin then you will no longer see bitcoin as the financial bubble. Because there can not be any form of financial bubble that can survive, grow strong and above all be supported by the community as much as bitcoin can last for nearly 10 years. The range in the past has been between roughly 17,100 and 13,500. That's a range of 21 to 26% in only 7 days depending if you're measuring off the high or low. That's incredibly volatile by standard measures. In no sense should Bitcoin be considered "very stable." Bitcoin is still measured against real world metrics, you don't just throw those out because in comparison Bitcoin isn't as crazy as it was a little bit ago. This bubble has warped everyone's perception of what is normal and what is "stable." |
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I feel like it is now yes , a lot of dumb money coming in.
When ripple is at 3 dollar you know there is something wrong.
Ripple is experiencing a bubble like just about every major crypto (and many minor cryptos for that matter) experiences. When Bitcoin volatility dies down, you may see traders pump other alts to create the volatility they need to profit off of. Criticizing Ripple at 3 dollars but ignoring a far more useless crypto's valuation two times higher (ahem, Bitcoin) doesn't make much sense. Criticizing any of them while not criticizing the bubble they all exist in makes even less sense. Also, those numbers were true as of a week or so ago. Now that Ripple is down about 35% from that point, Bitcoin's valuation is 3x Ripple's, which makes even less sense for a crypto that can no longer operate efficiently. |
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