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Do you think that bitcoin is a bubble?

  • Last Updated:
  • Jan 5th, 2019 10:43 am
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Poll: Will bitcoin crash?

  • Total votes: 397. You have voted on this poll.
No
 
111
28%
Yes, to less than $6000 USD
 
53
13%
Yes, to less than $4000 USD
 
26
7%
Yes, to less than $2000 USD
 
20
5%
Yes, to less than $1500 USD
 
8
2%
Yes, to less than $1000 USD
 
55
14%
Yes, to less than $500 USD
 
16
4%
Yes, to less than $100 USD
 
108
27%
Deal Expert
User avatar
Apr 21, 2004
58648 posts
24637 upvotes
jcdogg wrote: Image
They can't even make the manipulation look random.

Without changes in fundamentals and increasing alternatives, people began to realize this was worth 20x it was when trading at $1k earlier this year or late last year?

Many will make good money for sure trading these coins but I'd rather speculate on smaller cap stocks with better fundamentals.
Last edited by alanbrenton on Dec 22nd, 2017 5:16 pm, edited 2 times in total.
Newbie
Sep 27, 2013
46 posts
3 upvotes


personally i see 100k by end of 2018. etf coming next year. big institutional money.
Sr. Member
Feb 20, 2011
618 posts
201 upvotes
downtown TO
the people that thinks its a bubble are the ones not in it
Deal Fanatic
User avatar
Dec 1, 2013
6493 posts
3282 upvotes
redflagdeals.com
jcdogg wrote: Image
Like I mentioned, buy on the dip! :)
¯\_(-.-)_/¯ A wise RFD'er once said, "Buy now, think later."

༼ つ ◕_◕ ༽つ Behold!
Deal Addict
Jun 6, 2013
3507 posts
4189 upvotes
I have a feeling that every time bitcoin dips and recovers (within the past 2 weeks), the underlying shares change hands, i.e., "professionals" realize their gain and financial illiterates go in ("buy the dip"), one day (soon) bitcoin will crash hard and it will be the financial illiterates who foot the final bill.
Bitcoin will crash hard.
Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
Glancealot wrote: I have a feeling that every time bitcoin dips and recovers (within the past 2 weeks), the underlying shares change hands, i.e., "professionals" realize their gain and financial illiterates go in ("buy the dip"), one day (soon) bitcoin will crash hard and it will be the financial illiterates who foot the final bill.
pretty insightful. Unless the bounce takes out previous high, bitcoin is done. High 18723, low 11775 - this is on $NYXBT index
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
In Fed We Trust - Make ES Limit Down Great Again!
Deal Addict
User avatar
Feb 5, 2007
1249 posts
349 upvotes
I have had enough of Bitcoin. It's super slow and charge a high fee. Ripple is the future IMO.
Deal Expert
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Aug 18, 2005
21223 posts
5939 upvotes
Burlington-Hamilton
Bitcoin is a bubble IMO but I think it will exceed $75,000 USD per 1 bitcoin before the bubble ends.

That said, blockchain technology itself is here to stay.
- casual gastronomist -
Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
Jucius Maximus wrote: That said, blockchain technology itself is here to stay.
pls post few areas where block chain can be successfully implemented
I am thinking collaboration software like wiki (but why would owners want to give up control in this particular case)
stock market is DOA (too slow), money is DOA (limited supply, high volatility), land registry (by design, it's centralized and authoritative) - why would Toronto give up control and revenues to some dudes in China?
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
In Fed We Trust - Make ES Limit Down Great Again!
Deal Addict
Jun 6, 2013
3507 posts
4189 upvotes
Its market value depends on the public's perception of its true value, well, the fact that only 32% RFD think that it won't crash says something about its future.

Think about it.Winking Face
Bitcoin will crash hard.
Deal Fanatic
User avatar
Dec 14, 2010
7113 posts
9300 upvotes
dlhunter wrote: pls post few areas where block chain can be successfully implemented
I am thinking collaboration software like wiki (but why would owners want to give up control in this particular case)
stock market is DOA (too slow), money is DOA (limited supply, high volatility), land registry (by design, it's centralized and authoritative) - why would Toronto give up control and revenues to some dudes in China?
Few examples already in progress using blockchain implementation :

Siemens implementing micro grids: https://www.ethnews.com/blockchain-star ... microgrids

Charging station for electric cars and bikes : https://blockgeeks.com/blockchain-charging-station/

Walmart and IBM working on food safety using blockchain : https://www.ethnews.com/walmart-tests-f ... aceability

IBM and Sony announce blockchain Education Service.
http://www.prnewswire.com/news-releases ... 01707.html


Microsoft is setting up an open-source B2B framework to deliver scalable, shared, confidential blockchain services to business, soon to be compatible with all major smart blockchain platforms like Ethereum, Hyperledger or Quorum. Erhereum is already integrated.
https://azure.microsoft.com/en-us/blog/ ... -networks/

Video of how Microsoft is facilitating blockchain for the Enterprise :

SAP launches SAP Cloud Platform Blockchain Service
https://www.sap.com/trends/blockchain.html#solutions

AXA offering flight insurance using blockchain : https://fizzy.axa/

Dubai leveraging blockchain for land registry: http://mediaoffice.ae/en/media-center/n ... tment.aspx

http://arielpa.nyc/ is listing on http://www.rexmls.com/

https://truststamp.net/ being used as a tool for Realtors: https://www.nar.realtor/newsroom/second ... ltors-safe

On the entertainment industry: https://ujomusic.com/. Example of an artist that used it: https://rac.ujomusic.com/ and what happens under the hood : https://blog.ujomusic.com/ujo-x-rac-und ... a46223619e


Rod
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Penalty Box
User avatar
Jul 11, 2008
4368 posts
1508 upvotes
Away from RFD idiots
Glancealot wrote: I, as a long time RFD poster, am putting my reputation on the line, and predicting that bitcoin will drop to less than $500 USD.


OP has already lost. He should be banned because he put his rfd reputation on the line and i think that means his rfd account. These ppl have no shame. Been wrong about it all the time and still making stupid predictions. It's like seeing those people calling for real estate crash in vancouver and toronto since 2011 and they still have their head up high. Lmao.


Bitcoin doesnt need poor rfders' nor small time daytraders' money. If you have been wrong about it and still want to talk crap ( i.e. you missed the most epic bull run in the history of your lifetime ), maybe you should refrain from making more predictions. Lol. I don't know how you people are so shameless.
..
Deal Addict
Jun 6, 2013
3507 posts
4189 upvotes
mathiewannabe wrote: OP has already lost. He should be banned because he put his rfd reputation on the line and i think that means his rfd account. These ppl have no shame. Been wrong about it all the time and still making stupid predictions. It's like seeing those people calling for real estate crash in vancouver and toronto since 2011 and they still have their head up high. Lmao.


Bitcoin doesnt need poor rfders' nor small time daytraders' money. If you have been wrong about it and still want to talk crap ( i.e. you missed the most epic bull run in the history of your lifetime ), maybe you should refrain from making more predictions. Lol. I don't know how you people are so shameless.
whoa, calm down boy
Bitcoin will crash hard.
Deal Expert
User avatar
Aug 2, 2010
15196 posts
5016 upvotes
Here 'n There
clipz wrote: Should of posted bitcoin on the hot deals thread this morning. Bitcoin will never be worthless, It's the start of something new. It's not just the coin it self but the technology behind it that makes it so great.
Yeah and I would love it for you to explain how it is worth more than zero given it has no intrinsic value, is not a product you can use, is not backed by an assets, not backed by a government, does not produce income, has no guarantees and the value is only being held up by the greater fool theory, ie someone is willing to pay you more for it...sometimes...

The technology behind it is great, no doubt, and is being implemented for many other uses, but that does not mean the coin itself is. The fact that it fluctuates so wildly should be a clue to what it is really worth.

I've asked pretty well every person I know who is jumping on the bitcoin mania bandwagon to explain how the technology works and none of them have the faintest clue. That should be your first clue to stay away.
Deal Expert
User avatar
Aug 2, 2010
15196 posts
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Here 'n There
Glancealot wrote: Its market value depends on the public's perception of its true value, well, the fact that only 32% RFD think that it won't crash says something about its future.

Think about it.Winking Face
Yes, RFD users can predict the future!
Sr. Member
Mar 9, 2009
662 posts
773 upvotes
Most people want bitcoin to crash because they are jealous they didn't get in earlier
Deal Addict
Oct 21, 2014
1939 posts
2939 upvotes
Burlington, ON
dino7c wrote: Most people want bitcoin to crash because they are jealous they didn't get in earlier
Most people see it as a casino.
Penalty Box
User avatar
Jul 11, 2008
4368 posts
1508 upvotes
Away from RFD idiots
dino7c wrote: Most people want bitcoin to crash because they are jealous they didn't get in earlier
my question is.. when will these people admit they're wrong?

When bitcoin is at 20k ? 30k? 40k? 50K? 100k?

It's a mystery really. so 10 years later, btc is near 100$k per coin, they'll still be saying btc is bubble and has no value.
people have been saying btc is a bubble since it was $1 or whatever . nothing new. but.. when do they admit they're wrong? Smiling Face With Open Mouth
..
Deal Addict
Jun 6, 2013
3507 posts
4189 upvotes
mathiewannabe wrote: my question is.. when will these people admit they're wrong?

When bitcoin is at 20k ? 30k? 40k? 50K? 100k?

It's a mystery really. so 10 years later, btc is near 100$k per coin, they'll still be saying btc is bubble and has no value.
people have been saying btc is a bubble since it was $1 or whatever . nothing new. but.. when do they admit they're wrong? Smiling Face With Open Mouth
bitcoin's latest drop stopped, let's see if it will recover fully.
Bitcoin will crash hard.
Deal Addict
May 12, 2014
3487 posts
3895 upvotes
Montreal
mathiewannabe wrote: my question is.. when will these people admit they're wrong?
I would admit I'm wrong when >50% of the population owns Bitcoin. Or when >50% of merchants accept it for payment.

As you see, nothing to do with the price level.

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