The Great Crypto Crash

Do you think it's not a bubble and that it will just increase in value forever?

I'm pretty confident it's a bubble, there are plenty of people with little understanding jumping in because they think it hold intrinsic value and will never go down, the minute these people get in you know it's a bubble. They will also make the crash worse because they will want to stop out super-early when the crash comes, which will send it spiralling.

I don't mean the short term volatility, I'm talking about losing 50% plus of its value.

>"So many more US Dollars that could be invested in Crypto..."

Invested for what purpose though? What's their view on the market rather than just the growth of the coin itself, where do you see it deriving it's long term value?

>The crash of crypto is not a case of "if" but "when".

Can't argue with this OP, but the question is how high do we go this time before the next crash? The entire market was once again tested and recovered and broke through to new highs almost instantly. Normies are whispering, institutional money is coming in, could the next bull run be the real rocket?

BTC will be the Core of the crash.. whe all know it, most of us just won't accept it yet, big guys are just postponing it to get positions liquidated or hedged, whitepapers/businessplans rewritten and investors prepared.

>ETH will be safe
All my keks

I agree, it's difficult to put a time on when it will happen, many people, including me thought the real crash would happen a lot earlier, but it keeps defying expectations.

remember when all the alts dropped by %70-60? because it just happened in the last couple months.

we're in the clear for another 2-3 months at least.

These are the idiots who just came in at the bottom of the crash, watched the recovery, and screamed "bubble!!".

Imagine if you just witnessed the genuine recovery, which is always rapid compared to the first spurt of growth, of a major economic depression. You'd think it was a bubble too.

They will never, ever, learn.

Do you think all the clueless people who are jumping in now because of the potential limitless returns will all profit from BTC. When have those sort of investors come into something and it not been a bubble? I don't think crypto will die but I think long term there is only room for a couple of players and for that to happen someone has to lose out.

I'm not disagreeing but I don't understand your logic. What's the difference between newfags investing now because they think it's going to go up and oldfags investing in 2008 because they thought it would go up?

tomorrow 2:45 pm est

screencap this

This

>protip to noobies: notice how OP doesn't give single shred of evidence for his claims, and is just trying to plant an image in your mind
It will never happen you fucking faggot now fuck off

You're right in some ways, but people tossing money in in 2008 were a lot more savvy than those jumping in now. Now you've got every normie jumping in not because they see it as the future but because they just think they're onto a guaranteed winner, which will cause coin inflation.

what triggered the last crashes anyway?
one was mtgox and the previous one i remember i was trading in thau eu site that was closed by polish authorities dont remember the name and dont remember why it crashed either
soo any input on what could cause this shit to go down?
anyway on thelog chart it doesnt look like the last bubble so msybe it actually isnt
i sold at 3300 and am crying already

>No evidence

This has stuff in common with every big bubble ever, tulips, Dot Com, the British railway bubble.
People go mad because they think they can make money through something that requires little to no understanding.
Prices increase, more players enter the market, more people invest more money.
Prices get high and people eventually begin to sell, the later investors who believed it was a zero risk investment panic sell, creating a spiral of selling which decimates the market.

Nice try, FUDDing nocoiner.

Hold btc to avoid inflation.
You can even get btc debit cards now.
Why keep money in ever more worthless fiat? Now's our chance to undermine the world banking system that's stacked against you.

Every time the market is on a bull run, u get people like OP who think its too good to be true and start FUDing.

No shit the market is gonna have a correction, thats how markets move. How long have you been here?

Always screaming "BUBBLE BUBBLE BUBBLE" when u should be riding the bull and taking profits. Then when correction is due, u hold and accumulate more at the bottom.

This is so easy to do but youre so clouded by your paranoia lol

who is buying bitcoin tho?
i talked about it to my family when the 1200 bubble where i made my first 10k (was student then) and no one got in to date, some of them shittrade shitstocks tho, not even my dad who i even convinced to sget verified accounts and make some arb wont even hold any

many of my friends, engineers mostly, have known about it as long as me but no one got in, they dont even see it as an investment

are they just not sharing their mad gainz with me or normies aint even into crypto yet?

imo its all institutional investors money going in

That's the thing though I believe in BTC long term not other cryptos really. It's really a question of when to sell.

wow i've never heard this before, this has been the ultimate FUD talking point for YEARS and you constantly get fucking BTFO, but you already know what you're saying is bullshit, you just want cheaper coins, fuck off and die

wow bitcoin sure has a lot of bubbles, it's surprising anyone ever made any money!

the total marketcap will get a lot, lot bigger. this is nothing.

normies consider it too risky. Crypto is also too complicated to understand and they associate it with hackers and internet scams. Also few conventional brokers are going to point a client toward crypto because there's more commission to be made by peddling grandpa stocks.

The crash will be manufactured to allow big banks to buy in.

desu, most of crypto is used by drug dealers and pedophiles. thats why most of it is "decentralized, with anonymity"

thats whos buying bitcoin. there are probably also some small investor groups buying it solely to make profits.

its kinda hard to believe but remember drug trade and pornography are HUGE industries IRL too, so you can imagine the kind of money pouring in when you can get illegal stuff on the darknet

Overall, I agree. It will eventually crash. Too many shitcoins. Too easy to take open source code, and make your own shitcoin.
Might take some time to get there, but it'll happen. The good cryptos will survive, the shit will zero out. But there will be lots of money to be made before and after.

its not likely driving the price tho
sr1 was already yuge with a price under 1k, it need people holding too

im assuming u are referring to 2014-2015 bear market? If u remember that was mostly caused by mt gox. we havent had anything close to that happen so what makes you think it will happen again?

when i stopped coming to Veeky Forums years ago I used to see the same stupid fucking threads. When is it you cunts?

The bubble pops when crypto gets its pets.com .

ETH isn't pets.com BTW.

There will be many little crashes, but the big one is when everyone is invested into it, the shitcoins still remain, and the MSM is screeching for more people to invest while the naysayers are ridiculed.

Fuck off with your FUD. We're good until then, the rest is just small dips for the next five to ten years

no bubble... and i mean NO BUBBLE has the type of potential that bitcoin does.

Imagine if the 1920s stock market happened while the internet was around. Holy shit I'm estatic thinking of people dumping their entire savings into bitcoin... all while i cash half out for millions.

>ETH isn't pets.com
ANS is

Why does everyone get so defensive about this? The main point of the thread was asking when the optimum time to sell BTC would be, you make it sound like thi s should never even cross someone's mind.

This is more what I was talking about. How far do you think we are from the big crash? Two, five, ten years? Also will we see it coming? It seems like the biggest crashes in any market happen remarkably quickly.

It all comes down to whether BTC can really scale itself, reduce its fees and become a more practical way of exchanging value. If so, the potential is huge.

Also if serious institutional money is coming in, the price can only go up. After Wall Street, Main Street will come.

best way to buy btc?

>gain in 500% value
>lose 50% value in a crash
That's why you get in early nigga

>Do you think it's not a bubble and that it will just increase in value forever

uuhh yes. Look at past bubbles. Apple, amazon still rose to even higher levels after the bubble

>This
I don't believe the meme that normies are getting into crypto. Yes, people slightly less autistic then original investors are dumping in but we are far away from normies getting into this shit. I've mentioned buying bitcoin/crypto to a shit ton of people in my life and have yet to meet a single person who has invested

>Why does everyone get so defensive about this?
Because I get tired of seeing the same arguments, smugness, and ad hominem for something that I've invested into both financially and personally.

I would love for someone to explain their stance, but I'm just killing time here and am bored of seeing the same shit because some OP wanted low effort attention.

Why did I laugh so hard at this

Crypto is incomparable to stocks of real companies. Owning crypto is like owning gear in an MMORPG. It has no value outside of its environment, much like crypto having no value outside of exchanges.

today I received dividends from a crypto token for the first time.

People lose out every day, just like they do in 70 trillion worth of stocks worldwide. The only difference to the normie is that winning or losing, being in stocks makes them feel important.

> gear in an MMORPG has no value outside of its environment
you couldnt be more wrong

normies think we're basically gambling. But how is trading gambling when I make the wrong decision > 60% of the time. (Meaning, although I am a worse trader than a coin or a monkey, it shows it's not randomness or pure luck at play.)

I hope iconomi gets Fucking destroyed

Asset managers are seeing this as new asset class with massive returns. If hedgefunds need to start buying because of the same reasons they hedge with gold, a wall of money will flood these cryptos, especially bitcoin.

I personally do not understand paying for digital money with no value than what some ticker says, but hey, that just me.

Yeah if I didn't buy any coins I'd be salty as fuck too. Good luck in life kiddo

>Asset managers are seeing this as new asset class with massive returns. If hedgefunds need to start buying because of the same reasons they hedge with gold, a wall of money will flood these cryptos, especially bitcoin.
>I personally do not understand paying for digital money with no value than what some ticker says, but hey, that just me.
This is why these months will be the last window of opportunity to get in before it gets crowded by big money