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Eth cost 250ish a few days ago
Poast new message in this thread
Date: November 24th, 2017 1:12 PM Author: Slippery mint regret cruise ship Now 450ish
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Date: November 24th, 2017 1:20 PM Author: odious toaster patrolman Chinks (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762243) |
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Date: November 24th, 2017 1:21 PM Author: Maroon multi-billionaire Influx of BIGRIG capital (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762252) |
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Date: November 24th, 2017 1:26 PM Author: Lilac Sexy School we are in a bubble. i say that as someone who has plenty of exposure to cryptos. what convinces me that i’m right is not even so much the price action of the cryptos themselves (though it certainly contributes to my conviction) but what’s going on in the stock market. there are SPS companies whose stock prices are skyrocketing bc they simply mention the words “cryptocurrency” or “blockchain.” (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762290) |
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Date: November 24th, 2017 1:41 PM Author: Red Fragrant Forum how can you say we’re only now in a bubble when the price of this internet funny money is totally untethered to another metric like earnings or ebitda. merely because the price is going up fast? arguably any price for a crypto asset represents a bubble.
the entire cryptocurrency market value is still less than half the market cap of just apple - there’s still plenty of money on the sidelines.
the thing about bubbles is you can only know when they’ll end after the fact. you might be right, or you might sound like the people that sold when eth hit $50 |
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Date: November 24th, 2017 1:57 PM Author: Lilac Sexy School ok bump in 3 months
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Date: November 24th, 2017 2:02 PM Author: Red Fragrant Forum i guess but that’s not a good way to prove either of us right. i think i read a study where like 40% of the gains from every 5 year stock market bubble period happened in like the last 8 months before it popped. so people that were scared off by high valuations left a shit ton of money on the table.
my point is 1) i need a better way to spot a bubble in this space than just the prices going up fast and 2) the opportunity cost of forgone gains are no different than the decline in your original investment. i’d feel almost as shittty if i sold now and eth hit 900 than i would if it went from 450 to 0 |
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Date: November 24th, 2017 2:13 PM Author: Lilac Sexy School read below. I strongly believe we are at the late stage of the bubble. within 3 months, I think prices will be lower, very possibly substantially so. there is also a very big difference in a stock market bubble popping and a crypto bubble popping as it relates to liquidity and functionality i.e. your ability to get out when everyone is running for the exits (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762664) |
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Date: November 24th, 2017 2:13 PM Author: Vigorous trailer park place of business at least half a billion people actively use apple products
how many use ethereum dapps? |
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Date: November 24th, 2017 1:46 PM Author: grizzly space striped hyena yep, the crypto bubble is a manifestation of the insane global liquidity glut (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762444) |
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Date: November 24th, 2017 2:01 PM Author: soul-stirring autistic institution dude of course this is a bubble. Everyone with a brain has been saying this since July at least (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762570) |
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Date: November 24th, 2017 2:09 PM Author: Lilac Sexy School ok, I should have expanded though my post does answer OP's question. I think we are in the last stages of the bubble, though it certainly might reignite at some later time. again, I am basing this on what i am seeing in the stock market where SPS companies are experiencing parabolic moves in their stock prices simply by injecting the words "cryptocurrency" or "blockchain" into a company press release. (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762629) |
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Date: November 24th, 2017 2:19 PM Author: Slippery mint regret cruise ship > last stages
Lol |
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Date: November 24th, 2017 2:21 PM Author: Lilac Sexy School (drunk confido bagholder) (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762715) |
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Date: November 24th, 2017 2:00 PM Author: Iridescent racy locale pozpig Love having a basis of ~16.
Already sold enough to have profited maybe $10k and still own most of it.
Now it's all just a fun ride. |
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Date: November 24th, 2017 2:14 PM Author: Adulterous Piazza Goal In Life same, but it seems like chumpchange now. I bought BTC at like 100 bucks and sold so fast I hate myself (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762670) |
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Date: November 24th, 2017 2:23 PM Author: Lilac Sexy School I bought at 700, sold half at 7400. still hodling all the BCH I received + the remaining btc (http://www.autoadmit.com/thread.php?thread_id=3807653&forum_id=2#34762730) |