You smell that? Source: Bloomberg

Tfw Trump is satoshi nakamoto

>you can tell a bubble by its market size

How to be butthurt 101

Not quite. These are the same guys who will encourage to check out all these sweet ass penny stocks that will surely rise by 400% this month. It's more about old traders being frightened of this new tech and new market they don't understand and immediately concluding it must surely be a jenga tower that will come crashing down in to a pile of rubble never to see the light of day again.

That was my favorite too. KEK

the irony in that post is priceless

They usually use the P/E values to make this claim. Bitcoin has no earnings which gives it a massively disproportionate P/E.

Alts will continue to moon for a long time. Some of their solutions have world-wide impact. These are not solutions for local economies we are talking about here.

biz never ceases to amaze me. btc hits 10k. lets talk about alts lmao

This. 10k BTC is probably going to continue a BTC bull run for now. No sign of the trend reversing.

We like to talk about what is happening in the near future.

Bubbles are rapid rises in price exceeding intrinsic value. It has very little to do with the absolute size of the market.

>Implying btc isnt a bubble in its current form

I want to have sex with her

I mean alts is where the real money is. I started in june with 0.1 btc and I have 11 now.. If i never touched alt's i'd still be poor as fuck today even with btc at 10k and alt's are really due a huge turn around too.. btc has pumped crazily for 3 months now

The dotcom bubble had a way larger usability for the products, compared to that the BTC buble is for a narrow niche of people interested.

It's something like a Pokemon card bubble.

EVERYONE GET BACK, IT'S GONNA BURST

You would think they would say - fuckit, let's put in a few thousand already.

>being this retarded
if that is true then how can the experts determine it IS a bubble. the market is discovering whether the price is reflecting the value. no one knows what it is.

Open your mind more to the impact of this.

Imagine if this market had the federal reserve printing money at the recent rate. Think if more than a TRILLION was printed in tether = where would we be?

see

How the fuck did you manage to make 11 BTC off shitcoins

Every shitcoin I invest in gets dumped

Do I just do le 2% per day epic meme?

It's pretty hilarious to because after they get liquidated they wish they would've got dry raped by 3 300 pound niggers instead.

wtf normies are great, I love normans now

Yea it'll probably be a legit dot.com bubble when bitcoin shoots from 700k to 1.2 million after we discovered what it's worth.

This.

2/2 after that all of them will go SEEE SEE IT WAS A BUBBLE I TOLD YOU SO!!!

>sells books on how they called the bitcoin bubble

exactly.

LEL. meanwhile, i'll be chillin on the beach

Started with DGB and some siacoin then into ETH then ARK then ans to neo then LINK presale and little bit in POWR recently.

I got pretty lucky i guess I almost decided to hold the LINK because i actually believed in it at the time and i was all in... would of lost half my portfolio if i done that fuck

Link is going to be the largest FOMO event in crypto history. Don't worry

Have you been riding pumps or do you get in coins before they pump?

>All these Boomers Getting Liquidated

Did the dotcom bubble help countless chinese millionaires evade borders and victims of socialism buy food and medication on the black market?

>Bubbles are rapid rises in price exceeding intrinsic value
>intrinsic value

You realize people pay $20,000 for gun skins in video games these days? Digital things have more value to young people than old fart physical gold.

Bloomberg brainlets. The don't understand that Bitcoin is different from literally any other asset. It's immutably finite nature guarantees that it will grow forever.

I think there will be a correction soon, but i don't think it's gonna fall too much, let's say 3 to 5k fall.
But that doesn't matter. I have been watching a guy talk about economy and he says china is gonna fall off it's keynesian ride pretty soon, probably starting a world domino effect.
But i don't know that much about economy and over here there is only shitposting.

>BTC at $1: Pfft. Might as well buy WoW gold.
>BTC at $10: It's a ponzi scheme!
>BTC at $100: Tulip mania! It's a bubble!
>BTC at $1000: This shit is going to come crashing down so hard and all of you are going to regret it.
>BTC at $10,000: *crying* It's a bubble. *sniff* I'm so glad I didn't invest in my hard earned money into this scam.

For those not new to crypto, we've heard this a million times. People were calling Bitcoin a bubble at prices that we'd be fucking envious of now.

youtube.com/watch?v=-hlN2nel5HI

I look forward to the rationalization during the inevitable mild correction from something like 15k to 10k and all the no coiners patting themselves on the back for not buying at 5k when they claimed correctly it was a bubble.

What day does the CME futures actually begin?

There's supposed to be a "happening" with CME on 12/4, buy your BTC before then friendo. And set stop loss orders....the whales at CME might open their jaws to eat their first serving of plankton.

Ever hear of Phil Valentine? He's a conservative talk radio host. He's always been one of the worst ones. Few people know of him because he mostly tries to parrot other conservatives, but lacks the intelligence or charisma. Any original thought that he does come up with is always wrong. He talks about Bitcoin and Ethereum sometimes. He's been calling it a bubble for months and literally anytime it dips ever so slightly, he pats himself on the fucking back in the most repugnant self congratulatory tone you can imagine. Of course he never rolls back his "I was right" song and dance when it moons the next day. He just reverts back to his "I'm warning you" stance and repeats the cycle over and over.

I've already got my BTC, just wondering when I should be expecting this because I don't know if this CME thing is gonna take us out of the solar system or cause a complete crash

Monero’s been outperforming my bitcoin right now.

They are still waiting on final approval, could be as early as the stated 12/4 above, but potentially after the new year.

As for price, it is hard to tell. It might see a small increase, but most likely a pullback and stability. Futures contracts are totally different then what most of us do trading actual coins, and they have normal futures market hours. Also the the exchanges they are compiling spot prices from will impact. For example Kraken is one of the exchanges and they normally run behind the rest of the market, potentially pulling the spot prices down. In turn could impact how people trade on other exchanges and prices they will pay for actual coins.

My personal opinion, which most likely will blasted by others, is the biggest benefit to this is moving towards more mass adoption, institutional money, more liquidity in the market, and not BTC price.

lol dipshit fake news media will again say bitcoin is dead and the bubble has finally popped for good this time, once this bull run is over and there is a moderate correction.

Jesus Christ this is devilishly genius.
I may teach a few people how to short btc myself.

But then it's worthless since spending it would be foolish. This literally makes zero sense lolololol.

It should cancel out in the medium term.

You should ring him up and test his conviction by pretending to offer him 1 btc and see how low he'd go to degrade himself for it.

T. Bagholder

Pretty much the typical nocoiner

>muh saw it dropped x amount

Looks like the 10k attack is working though, multiple normies have been making inquiries today. However, we need it to somehow sustain fairly well for at least another month before the floodgates can really open. If this bitch has come down hard by the holidays they will not be having the conversations we want.