Bubble burst

[joexins]

Hello guys, I've been around the crypto world for a year, and I've enjoyed good profits with the huge rise in altcoins (namely Neo, Waves, NeoGas and Litecoin) I had invested in. I decided to cash out in the last days since, for all good or bad, prices are TOO HIGH right now and I feel we are going to see a general correction in the next months, maybe not in BTC, but definitely in Altcoins. What are your feelings about this? When do you think we'll be back to the old "buy and HODL" times, when coins were at a decent price to be bought?

[Nebell]

What bubble?

People argue cryptocurrency is in a bubble.
But I see it more as dough. Have you ever tried to bake something and just let the dough stay overnight? It keeps growing but it's stable.
Fat and stable and ready to become something delicious.

[mcan]

Hello guys, I've been around the crypto world for a year, and I've enjoyed good profits with the huge rise in altcoins (namely Neo, Waves, NeoGas and Litecoin) I had invested in. I decided to cash out in the last days since, for all good or bad, prices are TOO HIGH right now and I feel we are going to see a general correction in the next months, maybe not in BTC, but definitely in Altcoins. What are your feelings about this? When do you think we'll be back to the old "buy and HODL" times, when coins were at a decent price to be bought?

i think people ,who cashed out when btc first hit to 1000usd, had same feelings.

[joexins]

What bubble?

People argue cryptocurrency is in a bubble.
But I see it more as dough. Have you ever tried to bake something and just let the dough stay overnight? It keeps growing but it's stable.
Fat and stable and ready to become something delicious.

Sure, but what if your dough had a sudden growth not in a night, but in a couple of minutes? Wouldn't you be suspicious, to say the least? That's what I'm trying to say.

[Silber]

as long as each month new money come in to the crypto system, there is no bubble. but if there is no new money and the people want to cash out...

[MoonIsBlue]

Hello guys, I've been around the crypto world for a year, and I've enjoyed good profits with the huge rise in altcoins (namely Neo, Waves, NeoGas and Litecoin) I had invested in. I decided to cash out in the last days since, for all good or bad, prices are TOO HIGH right now and I feel we are going to see a general correction in the next months, maybe not in BTC, but definitely in Altcoins. What are your feelings about this? When do you think we'll be back to the old "buy and HODL" times, when coins were at a decent price to be bought?

The size of this market as a whole is tiny, very small. It might be that some altcoins are in a bubble, but you first have to understand what a bubble really is and I think a lot of people miss that definition.

[lokinator]

I personally don't think this is a bubble scenario. This isn't anything we have ever seen. It's easy to say a bubble is going to pop on the housing market, or the stock market exchanges, because it's happened time and time again. There are tell tale signs pointing toward the pop. This is crypto. It can't be looked at in the same way. If you treat crypto like everything else, I personally believe you are setting yourself up for failure.

This "bubble" isn't going to "pop" any time soon ...

Just my thoughts ...

[tomwalsh]

+1 to this.

Although i think it will be bitcoin that bursts, not altcoins.

Those buying altcoins usually have a degree of knowledge as to their value, especially with tokens.
They see the worth of the project and most are buying based on value more than on hype.

Bitcoin has been bloated by hype. People who have no understanding of this market have begun buying bitcoin and when prices start to stagger and correct a bit they will all pull out, causing a crash.

[ruffles2016]

I think bubble has started a month ago or something. We still have room to grow for bubble to explode.
Give it a month or two. Then bubble will be burst and we will have 2-3 year long bear market.

[joexins]

+1 to this.

Although i think it will be bitcoin that bursts, not altcoins.

Those buying altcoins usually have a degree of knowledge as to their value, especially with tokens.
They see the worth of the project and most are buying based on value more than on hype.

Bitcoin has been bloated by hype. People who have no understanding of this market have begun buying bitcoin and when prices start to stagger and correct a bit they will all pull out, causing a crash.

So you believe that the trigger for the next price fall in Btc will be from newcomers scared by its volatility?

By the way, never thought about that aspect of altcoins, andyou're essentially right. No one goes to read the "Bitcoin whitepaper", (which should be Satoshi Nakamoto's original post), but everyone (hopefully) reads the roadmap or whitepaper of ICOs or Altcoins in which they invest.

[Poink]

+1 to this.

Although i think it will be bitcoin that bursts, not altcoins.

Those buying altcoins usually have a degree of knowledge as to their value, especially with tokens.
They see the worth of the project and most are buying based on value more than on hype.

Bitcoin has been bloated by hype. People who have no understanding of this market have begun buying bitcoin and when prices start to stagger and correct a bit they will all pull out, causing a crash.

Yes and No.

Bitcoin is a brand...known to anyone who knows about cryptocurrency.  It will survive just because of that popularity and mass adoption by investors.  I agree that it is "nothing" tech wise compared to other alts but tech is not what drives it's "value".

Anyway, I am preparing for either way and hedging and diversifying.  Target ratio is 25% BTC: 75% alts (about 35 different coins).

Re: the OP...I disagree about the "bubble".

[MoonIsBlue]

+1 to this.

Although i think it will be bitcoin that bursts, not altcoins.

Those buying altcoins usually have a degree of knowledge as to their value, especially with tokens.
They see the worth of the project and most are buying based on value more than on hype.

Bitcoin has been bloated by hype. People who have no understanding of this market have begun buying bitcoin and when prices start to stagger and correct a bit they will all pull out, causing a crash.

Actually its more likely altcoins burst, Bitcoin has found its place. Now this doesn't go for all altcoins but a lot of them are ahead of themselves which is also why the bubble bursts with the tech boom, companies didn't generate the expected profits and the stocks were highly overvalued because of that. A lot of altcoins are idea's and not products or services that are in full service and with a large customer base, this is why a lot of coins will crash and burn in the coming few years.

If anything people are buying altcoins based on future expectations, these expectations however might not be correct and hence those coins will crash. So if you want to be safe invest in top altcoins cause those are further developed, but thats crypto high risk, high reward or in some cases low risk high reward since you don't need a lot of money to make extraordinary profits.

[5ensei]

This one is a tough call. I would say yes it is in a bubble but there will also be a new floor which is much higher than previous floors. Cashing out now with a profit means a happy Christmas, and at worst it simply means taking home less profit than others - nothing wrong with that

[Imfinnabeon]

If you want to get the best entries then yes this is something you need to worry about. However, if you are simply trying to profit in USD or BTC value I would say getting in an alt and hodling for a year or so will likely get you your desired result. It may not be the best result but you won't have to trade and worry about what is going to happen you can simply play the long game and relax. I like that approach much more than trading.

[Mister1k]

This one is a tough call. I would say yes it is in a bubble but there will also be a new floor which is much higher than previous floors. Cashing out now with a profit means a happy Christmas, and at worst it simply means taking home less profit than others - nothing wrong with that

For Christmas you will get the some little bump at least in the chart so you wait for some more times till it reaches near to Christmas and then go ahead to sell the coins whatever you have with you.
There are many altcoins started bumping from the last week I am not sure that when will the value has been crashed in the price chart. Try to be selective to have funds in one potential coin and exchange all others.

[Febo]

What bubble?

People argue cryptocurrency is in a bubble.
But I see it more as dough. Have you ever tried to bake something and just let the dough stay overnight? It keeps growing but it's stable.
Fat and stable and ready to become something delicious.

Projects with just marketing and no development are just a bubble. And there is half or even more such projects.  90% coins are copy paste bitcoin. 90% ICOs are projects that organizers have no ideas what they are doing.   If that is not a bubble I have no ideas what it is. In a year of two they will show zero result value of those tokens will be zero. so as copy/paste bitcoin clones.

[NeuroticFish]

for all good or bad, prices are TOO HIGH right now and I feel we are going to see a general correction in the next months, maybe not in BTC, but definitely in Altcoins.

Altcoins use to follow Bitcoin sooner or later. The good projects will survive if the crypto world doesn't collapse.
Bitcoin is indeed too high. But wall street is driving it forwards now. Corrections will happen, but they will not be very big - I mean I don't expect to see Biitcoin again under 6000$ for example...
Some even tell that 22000$ is the next step (but maybe they're too bold).

[reliable]

This one is a tough call. I would say yes it is in a bubble but there will also be a new floor which is much higher than previous floors. Cashing out now with a profit means a happy Christmas, and at worst it simply means taking home less profit than others - nothing wrong with that

The rise is happening due to increase in the demand of cypto currencies from all over the world . This is leading to the price rise at fast pace. Thus some of them are even cashing out the profits as Christmas is around the corner which will help them to enjoy the vacation with the money they earned from this cypto coins. Do hold some coins for 2018 and few can be sold now if you fear of the crash.

[joinfree]

Let me tell you that probably you did the most biggest mistake that you could do.

Hello guys, I've been around the crypto world for a year, and I've enjoyed good profits with the huge rise in altcoins (namely Neo, Waves, NeoGas and Litecoin) I had invested in. I decided to cash out in the last days

All the altcoins are doing x2 x3 since last week, you really missed a huge chance to increase your balance a little bit more.

If you are trying to minimize your risk, then it is fine, but why dont you put a little money in a few altcoins? I do not know how much money do you have, but with $1000 is enough to make some profit right now.

[topesis]

Hello guys, I've been around the crypto world for a year, and I've enjoyed good profits with the huge rise in altcoins (namely Neo, Waves, NeoGas and Litecoin) I had invested in. I decided to cash out in the last days since, for all good or bad, prices are TOO HIGH right now and I feel we are going to see a general correction in the next months, maybe not in BTC, but definitely in Altcoins. What are your feelings about this? When do you think we'll be back to the old "buy and HODL" times, when coins were at a decent price to be bought?

Which correction are you talking about now, most of these coins have lost huge part of their value during BTC rally and are just catching up again so to suggest Bubble now is crazy to hear, just believe that the new price actions is just begining