Here's a chart of CSCO systems during the dotcom bubble
Look familiar?
Same meme: new paradigm tech, a bunch of retail investors with no idea wtf they were doing; irrational exuberance. If you bought CSCO in 1995 you had 80x'd your money by 2000.
Sound familiar?
I give this market 1-2 weeks tops before BTC collapses and drags every other coin down with it.
K
>I give this market 1-2 weeks tops before BTC collapses and drags every other coin down with it.
youre a nobody, people say this every single week
>A company that needs to report profit earnings and pay employees and develop new products can be compared to a deflationary independent asset
Protip: the only market you can compare cryptocurrency to is the art market. Picasso painted 5000 paintings yet they still sell for tens of millions even though they are literally just paint on canvas.
I am 100% usd for next month
This bubble is 100% happening
Fucking all shitcoins are worth billions
watever fag. go back to trading stocks or doing other dumb shit. no one is forcing you to buy crypto.
how will it affect alt coins?
You are wrong
What earnings do your shitcoins have user?
Pro tip: info not needed
>Picasso painted 5000 paintings yet they still sell for tens of millions even though they are literally just paint on canvas.
This.
cointelegraph.com
you think the big guys will let their diamond fall ? bitch pls
after 15. jan btc gonna hit new ATH quote me niggas
Oh shit it looks familiar
Does it mean bitcoin will die and rise again to new ath?
Its impossible for it to crash that hard because it can't easily be traded for fiat. This isn't the stock market, fuck off nocoiner.
run back to the paper monopoly money
no coiners retards alert
What would happen to alt coins in the event of a btc collapse?
>I give this market 1-2 weeks tops before BTC collapses
It will collapse but definitely not in the next 2 weeks.
>and drags every other coin down with it.
Wrong. Bitcoin will collapse when public consensus understands cryptocurrency and they find a new cryptocurrency to dethrone the king.
>Its impossible for it to crash that hard because it can't easily be traded for fiat.
Are you really that dumb? It will crash even faster if people start to realize how hard it is to cash out. They'll sell it to you for anything to get out as quickly as possible.
>If you bought CSCO in 1995 you had 80x'd your money by 2000.
meanwhile, there are coins that more than 100x-ed within months
It holds value, might even invest to divient paying stocks for the spring
Crypto is way too risky right now, bear trend and almost 100% follow of bubble crash method
>It will crash even faster if people start to realize how hard it is to cash out
If you purchased 1 btc for $20k, would you sell for a $1k just to cash out as fast as you could?
>When people invented high quality printing and photo reproduction everyone was like ART IS DEAD. Yet the rich still buy art because it's a status symbol and the easiest way to transport money (roll up a canvas and you can smuggle 50MM USD anywhere you want). Bitcoin fills both of these roles, one day bitcoin will become a status symbol and the price will go up forever, just like art. Consider lost bitcoins etc, deflationary asset, etc.
>MUH MARKET CAP
>A single Leonard painting sold for 1/500th of the value of all the bitcoins in the world (it sold for over 400MM USD)
>No one knows/can estimate the entire size of the art market because it is colossal, traded secretly in many cases, and the rich won't disclose their collections
>'B-but Art has historic value!' is said by only useful idiots, no way is a single piece of paint on canvas worth 100MM+ USD.
Literally do some digging into what I've said. The art market is the secret the elites don't let others know about, it occasionally makes headlines, but there is more dirty money there then in panama papers. Rothschilds keep most of their money in art.
>Wrong. Bitcoin will collapse when public consensus understands cryptocurrency and they find a new cryptocurrency to dethrone the king.
Already happening. Pic related
The only people that should be worried are the ones who started two months ago ago. If that's you get fucked. There's still way more than enough interest to keep most of Veeky Forums in the green even if the bubble popped tomorrow.
That's exactly how things crash fast. Cause they become hard to sell so people panic sell them for a low price.
So BTC dies and ETH survives. Good ridden
>I give this market 1-2 weeks tops before BTC collapses and drags every other coin down with it.
People post this exact same shit every day since early 2017.
If course it will crash, but no one can tell when. Exchanges are still not open for registration because they can't handle all the newcomers.
That means we are far from the top. It's very likely you're looking at a 10 trillion market cap at the end of 2018 before the influx of new people decreases and the bubble bursts.
Look at this pic then tell me this bubble is anywhere near getting started.
literally don't care, fiat needs to fuck off already.
Fucking ripple is 100b
Bitbean shitposters are the most determined on this board
>total mkt. cap 700B
>CSCO peaks 555B
gee user I really have a hard time telling you that
This
For all you idiots thinking we aren't in a bubble, how does it feel that normies are earning more money in coins than you are just by holding? Right.
They don't give a fuck about Bitcoin, they care about more money.
How do you think they're going to get more money?
By fucking cashing out. Don't be fucking deluded, this thing is going to crash hard once we hit $13,000 (below the MA).
People like to compare crypto to the stock market but bitcoin billionares literally cannot cash out. They're forced to hold and buy assets with Bitcoin until they can...
In the stock exchange you can sell to real money without having to worry about anything.
We have Tether at best, sorry to say but this shit will be valuated at $0 once normies realize this.
Bitcoin doesn't offer anything more than a part in the speculative bubble
It'll be a game of hot potato when the bloodbath begins
90% of the normies have held their coins for less than a month. Even the dumbest mongs in the world understand an "investment" takes longer than that.
>implying most of Veeky Forums hasn't banked big time since 2013
Newfags everybody
Normies pull out when they read their twitter feed that crypto is collapsing and everyone should pull back
Let me rephrase we aren't going to $0 but we will see the beginning of a bear market due to normies wanting to cash out.
I agree however an investment certainly takes a fuckload longer than more than a month.
But you can't deny shit right now needs a heavy correction in USD value
the crypto market is definately wayyy too frothy.
Coins like iota worth billions yet have no working prototype.
Many coins have no function and are merely vaporware, meaning you developers will get bored and leave,sending prices crashing down.
The crypto market will crash, alot of people who buy shitcoins like dogecoins will get hammered
but people whose coins have a function and purpose will survive(if they dont sell) that means the REQs/LINK ,exchange coins,privacy coins etc.
Realising this a part of ones strategy is to hold usd for the inevitable crash.
Just like in the dotcom crash, alot of people will lose, but from the ashes many will pick out quality projects and a new set of millionaires/billlionaires will be born
my gut feeling is that crypto is simply 10 to 15 years too early to the party, like a twitter or facebook would not have worked in the beginning of internet as we all know it.
then short it if you've got any actual conviction in your beliefs (you don't)
Ah finally someone who gets it. And he posts the cute Eleni Barista girl too, great taste.
BTC has never seen a correction of >50% this year
The minute this happens, people are going to be in full on panic mode.
The last dip fucked the market for a week and we dipped to 10k from 20k and only stayed there for less than an hour.
If BTC goes sub 10k it's fucking game over, especially with all the morons throwing their life savings into crypto over the past month.
So far everyone who has invested in crypto has made insane returns.
If the flagship crypto, BTC, despite not being the "best tech." collapses, it will kill the market.
The pace of alts exploding in the past month is probably unsustainable true. Idk if it will just stall out or drop though. I have a hard time they're all of a sudden going to decide to pull out after being in it for such a short period of time. The exchanges still have so much interest they've had to halt new sign ups. Every day on biz we have hundreds of obviously new and obvlivious people. The allure of getting rich quick is extraordinarily tempting and will last for some time.
I've resigned myself to holding through the crash like the gambler at the casino I know I can't stop. I went all in on link around 20c with 2 btc I bought in 2013 so I feel relatively safe but the people buying premooned alts right now are probably going to be fucked.
youre a dumb cunt....
crypto currently surpassed 800billion total market cap
Dot com bubble reached 8 trillion before it popped
Japan asset bubble of the 1990s reached 26 trillion before it popped
Nothing. If anything they go up now. BTC has done nothing but fall for the past few weeks and no one cares anymore. Everyone has realized its a shitcoin. No one wants anything to do with it.
People are already starting to buy ETH. It seems to be gaining favor over BTC the shitcoin quite quickly on exchanges everyone.
Fuck saying Satoshi. You sound like a loser weeb from reddit. I hope they stop all BTC trading pairs in the next year. It's a worthless coin and it slows down the whole system of trading.
>BTC has never seen a correction of >50% this year
It dropped from ~4k to under 2k over the summer IIRC and ETH dropped from $400 to under $150. How new are you?
wow
Don't forget most of us were neets in the July bear market.
This one that's coming is going to be the worst one yet with normies who borrowed money to sell bitcoin at 100k
Either way I have cashed out many bitcoins to fiat, I am holding a few BTC worth just incase a new paradigm happens or I don't miss out big (always opportunities for new profit)
You'll be fine since you entered pretty early, you won't be hurt much. It's mostly normies who will be fucked
Only when the assets they have can’t be readily used as currency. Again, this isn’t the stock market you retarded faggot.
Lmao... If its hard to cash out how are they going to selll it to you for "nothing".
This is the secret of,crypto.
The bubble will pop when close to 50% of people have a 500k-1M portfolio that they try to go into fiat because they've "made" it.
Until that point it takes 3 days to go to fiat from btc.. And the market crashes and recovers in 10 minutes.
It makes no sense to go to fiat during a crash.
>IIRC
Check the charts
It corrected 3K to 2K
I'm a leaf and I can cash out half a million dollars in 1 day
90% of people here wont try to cash out until they've 'made' it.
This basically means crypto,wont crash until a very significant amount of people have 'made it'.
But this is one casino that NO one runs.. So the house's profits are all over the floor.
How could it crash if you literally can't cash out?
Even on GDAX you can't cash out more than 5k a day.
Interesting stuff, anywhere I can learn more about this?
cointelegraph.com
you think the big guys will let their money machine fall ? bitch pls
after 15. jan btc gonna hit new ATH quote me niggas
You’re projecting
Not everyone is going to cash out once they’re rich.
Sure they might take out a bit here and there, but most will hold their crypto. Why would we want to go running right back to the jew bankers? No thanks. This is a revolution, retard.
Faggot boomer detected, did you hear someone on CNN say that it was a bubble? Of course it will burst at some point but not until the autists make enough shekels to make the Jew nervous. We have about a year to keep playing the game boys get it now before the hoard of normies invade.
When are we going to be able to buy actual things from retailers using crypto?
>Of course it will burst at some point
when?
It will probably never burst.
People are going to use it as currency.
thanks just bought 100k
stay poor faggot!
We already can in most eshops here in Europe
...
KYS faggot, we get posts like this atleast 2 times per week for as far as i can remember. #MUHBUBBLE
bubble talk aside, BTC isn't deflationary, they fork once a month and create free coins
Exactly, now adjust the 8 trillion from 1999 and the 26 trillion from 1989 for inflation and cryptos are absolutely nothing compared to those two bubbles.
Nah actually all I heard was CNBC and Bloomberg shilling it every fucking day telling their viewers to buy up this shit like crack cocain
You know, the sign we memed about on here 6 months ago about it being time to get out, when every fucking normie and every fucking cable station was shilling this crap like
>muh new paradigm
Can we all take a moment to say thank-you to OP?
People like him are the reason we are STILL making money. He buys us precious time and keeps normies away whilst we accumulate.
Thank-you OP!
Its use as a currency has nothing to do with its face value.
Nobody will say "This costs 10 BTC" when it's so unstable. Prices will still be listed in USD, you'll just convert it through crypto as an intermediary. That's the same whether a BTC is one dollar or a million dollars.
delt this
Still I don't know why anyone would want that. Those bubbles caused minor recessions I really hope crypto doesn't get so big it's bubble popping could cause that.
We'll listen to this in 5 years
Also consider that the dot com bubble was largely US only and crypto is global. If this is a bubble, which I’m not convinced in the slightest that it is, we have a long ass way to go.
Us housing market collapse also reached well over 30 trillion in 2008. No need to get worried until we're well over 10 trillion which means the market 10x which means most of us will 100x and we'll be able to easily pull out millions in fiat to invest elsewhere anyway.
>2 weeks
more like 2 years senpai
95% of people haven't bought btc
that was just 1 company and it was in 1999 you dense fucks
You're a retarded brainlet if you think recessions are a bad thing.
Nigger the normalfags are going to flood the market in the next few months making shit skyrocket till at least mid summer until most of them fizzle out because they’re retarded.
Yep this is a market that everyone on Earth has easy access to.
Large investors, small investors, Professional traders, basement-dwelling NEETS, even countries (Ghana will be putting 1% of their currency reserves into BTC) can play the game.
$800b? That's peanuts.
This is here to stay buddy sorry u didn't make any money :)
>it's 2029 the fed has to resort to buying doge coin off of 40+ completely bald redditors to stabilize the crypto market because it's simply too big to fail.
There's a global asset bubble and rich Chinese people wanting to stuff money down every nook and cranny they possibly can. We are not done for a long while. Investment banks are supposed to be coming in with money this summer. You've got silicon valley, and boutique hedge funds in already. Bitcoin is a legitimate financial instrument already.
There might be a correction in alts but I'm more thinking rich people want a piece of our meme dollary-doos. So hold on, and hold it till the system is too big to fail. Imagine if in ten years we had quantitative easing for crypto.
If you were a Bitcoin billionaire you wouldn't need/want to cash out, you'd just get a bitcoin debit card and load it up with what you need every month
Don't you have a street to be pooing in?
yeah i agree with that
but realistically no one spends 100k+ over credit cards
theyre buying assets with bitcoin instead
SHHHHH dont tell them. I want to see Veeky Forums newfags suffer when this shit happens, which is soon
By those standards nothing is deflationary.
Bitcoin forks are not bitcoin and the free coins you get is just a distribution scheme of the new coin. If I painted something and gave it to every Picasso holder would that make Picassos not deflationary?
also keep an eye for coins like Jibrel - any coin or token which tries to bring in legitimate money and assets to crypto.
when pension funds finally get in this too, you know we've made it. two another sign is smart contract ETFs being able to stabilize the market. normies will buy into that. imagine if everyone started keeping half their savings as crypto (in addition to stocks and bonds of crouse). we're not even close to that point yet.
there's a lot of risk with scams out there but a lot chances to make it still
this should tell you the pop is even closer than brainlets think
disgusting, she has cow legs.
i have bad news for you
I agree but for the time...3 to 5 years in my humble estimation. Just my opinion man.
also crypto is worldwide those bubbles were limited in scope
This. Fuck you OP and your opinion
how does one short crypto? my coinbase doesn't allow it?
And that is...?
>You sound like a loser weeb from reddit.
where do you fucking think you are kid
but the public is getting in before institutional investors
Zoom out, the market recovered by 2003
I don't know, I literally only know this because my parents work at Sotheby's.