We’re in a fiat bubble and it’s deflating rapidly
Guys, are we in a bubble?
>Nope, there's just a lot of cash flowing in.
... that's what generates a bubble. idiots FOMOing in and inflating the price of something well beyond its mean growth rate.
Yes, this is obviously a bubble. Half the people telling you "no, it'll go up to infinity!" are selling you shit so they can dump at the top. the other half are mouth breathing deluded idiots who just got into BTC this year and want to believe they're on a ride that can't go down.
You're welcome to bet against the bubble, but you'll learn soon just how wrong you are.
No, it's a global game of musical chairs to decide who will be in the leisure class and who will be in the slave class in the new world. Did you think the paper fiat money would last forever?
This is correct, but I don't understand how the satoshi maximalists could want to keep hodling BTC past the correction... they bitch at altcoiners who hold bags instead of flipping for more BTC, so why wouldn't they aim to get ahead of the dump themselves so they can acquire more BTC at the bottom?
BTC holders... explain yourselves. Why would you want to hold bags when you could get more satoshi from flipping at the top?
I'm not wrong. Im telling many coins are in a bubble but not all. The ones with real life usecases are way undervalued while all the shitcoins like xvg, link, omg, neo, bch, xmr etc are way overvalued.
The coins that will find adoption in real life will become much bigger than they are now. Things like xrp, xlm, sys, flo.
And I'm talking about BTC specifically. BTC is in a bubble. Its a shitcoin that is only the price it is from FOMO. Its been a year long PnD, and we're heading toward the dump.
Yes other coins are varying degrees of bubble/undervalued. But given all prices are relative BTC, and BTC is in a bubble, the whole space is going to take a hit soon once that begins to burst.
Lol at listing omg and xmr as something that will be gone soon. They are like two of few coins that have any merit
Everyone knows its a bubble, but doesn't care. Reality is going to hit hard and it's going to hurt.
As a holder of coins from both of your illogical groupings, I'm still comfortable saying that if you swapped the ones you think would get mass normie adoption and those that'd die off, you'd be closer to correct, Jesus fucking Christ.
Except for those of us who only invested what we knew we could afford to lose