But what causes an actual bubble to crash? For instance, the dot com bubble was popped because there weren't many dot coms making anything worth while. People lost confidence and it collapsed.
If most think this will go up, people will get in and it'll continue going up... for a long time. What's the tangible thing that people will lose confidence in? It's a feedback loop that will take something crazy to disrupt it.
People apply "bubble" in the context of other commodities which are not currencies. This is a new paradigm and I don't think anyone knows how it actually behaves well.
Unfortunately CiH is like a broken clock. It just takes the bank of England <or other equivalent> to issue a statement like, "Th bank of england is initiating an investigation into the legality of Bitcoin use", and the value will tumble instantly.
I wouldn't be surprised to see investment banks pull a scam like they did during the Google IPO to shake out weak hands, out fury that they missed the bus.
But what causes an actual bubble to crash? For instance, the dot com bubble was popped because there weren't many dot coms making anything worth while. People lost confidence and it collapsed.
If most think this will go up, people will get in and it'll continue going up... for a long time. What's the tangible thing that people will lose confidence in? It's a feedback loop that will take something crazy to disrupt it.
People apply "bubble" in the context of other commodities which are not currencies. This is a new paradigm and I don't think anyone knows how it actually behaves well.
We'll see, but very soon the cryptocurrency market cap will be a "too big to fail scenario". I don't even know what they could do hypothetically since the entire point of crypocurrencies is that they are not backed by a central bank or government. I don't know, but it might actually rally in that case.
By the way, I got in on cryptocurrencies because I believe in blockchain being ubiquitous in a few years which will naturally increase the demand for them. I didn't initially get in from a purely investment point of view. But, now I'm in a bit for both reasons.
Unfortunately CiH is like a broken clock. It just takes the bank of England <or other equivalent> to issue a statement like, "Th bank of england is initiating an investigation into the legality of Bitcoin use", and the value will tumble instantly.
I wouldn't be surprised to see investment banks pull a scam like they did during the Google IPO to shake out weak hands, out fury that they missed the bus.
No idea but never underestimate greed. It just takes one or two large gov'ts to see this as a loss of control and shit will hit the fan.
No idea but never underestimate greed. It just takes one or two large gov'ts to see this as a loss of control and shit will hit the fan.
What can governments actually do? Ban exchanges? Sure, already happened. Didn't do much. Stop crypto currencies being produced and traded? That is physically impossible due to the very nature of the blockchain. Which is why most governments are working with the technology right now, and a lot of the better crypto teams are working with government to fit into regulation rather than circumvent it, because this is not a flash in the pan type thing.
When is the right time to buy? I have some extra money I am considering buying bitcoin.
When is the right time to buy? I have some extra money I am considering buying bitcoin.
Well the Treasury dept could conjure up an anti-money laundering and counter terrorism act shit fest with the help of the NSA. Never underestimate the motivation of govt's to try to maintain their grip on money supply.
Let me flip the question around and ask you; what would make you think that govt's would relinguish control of the money supply and control over cross-border transactions?
IOTA is promising but its an absolute fucking mess trying to get ahold of them and store them right now. The tech apparently surpasses the block chain and they just announced a partnership with VW, samsung and microsoft.And by the way, if anyone is interested in hearing what i believe are the cryptocurrencies worth investing in outside of Bitcoin, happy to share my thoughts with you guys!
it already corrected today and dropped back down to 15.9 and has been climbing from there.I don't know for sure, but I think it corrects in the next few days and goes down a bit. That's usually what happens. Buy then.
just download the coinbase app and buy on the dips. watch to see if theres a dip on monday, if not, buy away.When is the right time to buy? I have some extra money I am considering buying bitcoin.
And by the way, if anyone is interested in hearing what i believe are the cryptocurrencies worth investing in outside of Bitcoin, happy to share my thoughts with you guys!
IOTA is promising but its an absolute fucking mess trying to get ahold of them and store them right now. The tech apparently surpasses the block chain and they just announced a partnership with VW, samsung and microsoft.