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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...
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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.
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? |
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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.  Lighten up, call it bullshit (or agree) and that's it. 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? You seem like a straight up guy and you're not stupid (unlike mining1 and his girlfriend Mindlesscache). |
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how can you say that we are 100% in a bubble and not in a liquidity explosion? how can you deline the line between the two? i never seen a bubble like, this, this is of course possible because more people, newbie probably get in now, if it was onyl a bubble it shoudl have popped already, real bubble are done buy whale and not blindly like this one, and they fade away quickly, now everything is pumped because more money are in, money that will not go away, if there is profit
Charlie Lee said it long time ago - digital currencies does not need gimmicks in order to succeed. They need usage. Yes, I know that more and more people are getting in and this probably can justify latest rise of Bitcoin and Ethereum. I'd say that Litecoin also deserve its price (and I believe it will go up even more), but thing is that Bitcoin's future is currently uncertain (giving the different camps of people who are up/against hard fork). Now is the time for unity, because 2013 - 2014 pump and dump will look like a joke. Probably a single negative news can make BTC to lose 25% of its value in a day. |
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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... |
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The pizza was 198 euro at $1997 BTC.
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Of course we are in a bubble but some are making huge amounts of money on it - if they are in the right pump - I predict most altcoins prices will fall down pretty soon to correction price
My point is that digital currencies should make the world a bit better, but currently we're witnessing the opposite. People became arrogant, because they "made a lot of money from a given coin" and they don't care what happens next. Personally I have a good job and I can spare enough money from 1 salary to have a 2 week vacation in some (say) exotic country. I will be happy if I earn enough money (for example) to repair my apartment in my home town. People should be humble and contribute to digital currencies, because they are a way to create some extra wealth and many will have the chance to do things that they never thought are possible. But what we're seeing is how people only think about boats and bitches... Now I do not expect correction, I expect explosion... You are so humble you look down on anyone who wants to make money and do what they want with it? Not everyone talks boats and bitches.. Save your moralising, this isn't the forum for it. You seem like a slightly dull ascetic than actually moral. I mean how dare you go on an exotic holiday or have a good job and home when half the world is without these things? It's all relative. Forget his pathetic grandiose moralising spartak_nt is the big man with the dodgy barber who goes around threatening posters who don't subscribe to his diatribe bullshits. He's actually cost other posters money by his disgusting dissuasions. Like I did with the warning about DAO failure about a week before the attack or probably by exposing Razormind's 6k+ BTC scam to name a few? You are nothing but a stupid ETH cheerleader and every "discussion" with you may result in losing millions of brain cells, but fortunately I am one of the MANY people here who does not care what you say and I actually find your stupidity as entertaining. |
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Of course we are in a bubble but some are making huge amounts of money on it - if they are in the right pump - I predict most altcoins prices will fall down pretty soon to correction price
My point is that digital currencies should make the world a bit better, but currently we're witnessing the opposite. People became arrogant, because they "made a lot of money from a given coin" and they don't care what happens next. Personally I have a good job and I can spare enough money from 1 salary to have a 2 week vacation in some (say) exotic country. I will be happy if I earn enough money (for example) to repair my apartment in my home town. People should be humble and contribute to digital currencies, because they are a way to create some extra wealth and many will have the chance to do things that they never thought are possible. But what we're seeing is how people only think about boats and bitches... Now I do not expect correction, I expect explosion... You are so humble you look down on anyone who wants to make money and do what they want with it? Not everyone talks boats and bitches.. Save your moralising, this isn't the forum for it. You seem like a slightly dull ascetic than actually moral. I mean how dare you go on an exotic holiday or have a good job and home when half the world is without these things? It's all relative. What I am and what I'm doing does not have negative impact in digital currencies. Pumping shitcoins and luring people into scams does. This is a forum were everyone is free to share his concerns. I have some lately and decided to share - that's it. |
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Maybe Jure won't mind to share the price of that pizza? I'll ask him now. |
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Dollface is right. This is a bubble. But it's not necessarely the bad kind of bubble that 100% implodes. Fresh money getting poured into cryptocurrencies.
I think everyone agrees that ethereum since the end of february had alot of action and dragged alot of attention to itself and cryptos in general. Because if you wanna make a random joe understand what ethereum is, to make it easier you explain first something simple, like bitcoin. Therefore both bitcoin and ethereum benefited from that attention, and bitcoiners had more money to diversify into altcoins. Plus, other altcoins are growing because they are mostly ( 99% ) traded into btc, and since btc is growing, they are growing.
Also, since last year, but especially since 2017, bitcoin and ethereum have big investors from outside the cryptocurrency scene aswell.
Edit: LOl. A honest answer. Whatever X thing is worth today, tomorrow will worth more or less. Do you have regrets for that ? If so, you're an idiot.
I was expecting you to show up here. I told you that I'll always beat you in this "game" and advised you not to attack me, but I guess you haven't learned these lessons. You and Mindlesscache (thought I do somehow believe you're same person) have something in common. Do you know what that is? You're both with 2 brain cells - one which allows you to breath, and one to spread bullshit here. |
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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...
Wondered when you'd crawl out the woodwork. You should be thoroughly ashamed of yourself for advising posters not to get into ETH when it was $7. They are now having to use their life savings to buy into the market at $150/ETH. I hope this is a clear warning to others not to listen to any of your advices now or in the future. Go ahead and ask Vitalik how much he "lost" by selling 25% of his ETH, Mindlesscache:  You are the one who always amazes me with his stupidity: https://bitcointalk.org/index.php?topic=1925921.0 |
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FAIL
BTC
ARCO
EDIT: Oh... forgot about Aragon.
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are we in a bubble though or at the start of mainstream waking up to crypto? hard to know.
This was expected (at least I did expected it). Last Summer I made a prediction that Bitcoin is going to reach $2k by this Summer. It already did and it happened earlier. But I still think that everything is happening so fast. Bitcoin's like 0.1% of world's money in circulation, which is INSANE... |
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Technically with BTC as the entry to all alts it shouldn't be possible for the BTC market dominance to fall below 50%
This already happened. BTC dominance currently is at all time low - 47%. Both ETH and Dash sucks... BIG time... |
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Greed that will fuck us all. The DAO failure, which shrank the market with some $4 Billion in a week will look like a joke.
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Of course we are in a bubble but some are making huge amounts of money on it - if they are in the right pump - I predict most altcoins prices will fall down pretty soon to correction price
My point is that digital currencies should make the world a bit better, but currently we're witnessing the opposite. People became arrogant, because they "made a lot of money from a given coin" and they don't care what happens next. Personally I have a good job and I can spare enough money from 1 salary to have a 2 week vacation in some (say) exotic country. I will be happy if I earn enough money (for example) to repair my apartment in my home town. People should be humble and contribute to digital currencies, because they are a way to create some extra wealth and many will have the chance to do things that they never thought are possible. But what we're seeing is how people only think about boats and bitches... Now I do not expect correction, I expect explosion... |
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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...
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The typical "thinking" of Mindlesscache clown. With that "thinking" you can also blame Vitalik for selling 25% of his coins probably a year ago. Tell me how much did he lost, stupido?! We're in the middle of a bubble and Ethereum can be compared with Ripple - all of these projects are for the fiat money involved (just see how many crowdsales and ICOs based on ETH we have). Be their cheerleader, but don't blame others being stupid, because you already proved yourself to be among the stupidest people in this forum! I already told you that your IQ equals room temperature, but now I think it's even less than that...
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On May 22nd, 2010 the first recorded purchase of a good was made - 2 pizzas for 10,000 Bitcoin. Our friend and future teammate Jure arranged a celebration:  |
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