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View Poll Results: Do you think the cryptocurrency market is in a "bubble"?

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  • Yes

    49 81.67%
  • No

    11 18.33%
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Thread: Do you think the cryptocurrency market is in a "bubble"?

  1. #1

    Default Do you think the cryptocurrency market is in a "bubble"?

    Do you think the cryptocurrency market is a bubble waiting to burst, similar to the dot com and housing market bubbles?

  2. #2

  3. #3
    Super Grandmaster
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    Default

    Yes

  4. #4

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    Yes, but like the dot-com bubble, it won't just fade away after bursting.
    It will lose a lot of popularity/value and slowly build back up(whether in the form of any of today's cryptocurrencies, or something entirely new) until it has outgrown it's old peak as an established and 'safe' investment

  5. #5

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    Definitely, the trick is to buy once it's popped and prices are at their lowest

  6. #6
    Grandmaster
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    By virtue of being a bubble, it will explode once again in growth..

  7. #7
    Grandmaster Cius's Avatar
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    Yes, and at the time MYBB was basically the crypto currency cheer-leading squad I tried to state it to warn people to be a bit more cautious: link
    Those who do not learn from history are doomed to repeat it.

  8. #8

    Default

    Lol everything is in a debt feuled bubble. Crypto is only getting more attention because its shinny and new.

  9. #9

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    It is not similar to the dot com or housing market bubble.
    In the dot.com market the value of "internet" companies was highly over-stated, but the companies existed and did have some value, and the same for houses.

    Cryptocurrency does not even "exist" , in the same way that normal currency does not exist, currency is a "shared understanding" that some token has value, often backed by a government. The only way that cryptocurrencies will continue to gain value is if people keep "buying" it. As soon as the little girl shouts "but the emperor has no clothes" the whole thing will collapse.

  10. #10

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    Quote Originally Posted by wayne042 View Post
    It is not similar to the dot com or housing market bubble.
    In the dot.com market the value of "internet" companies was highly over-stated, but the companies existed and did have some value, and the same for houses.

    Cryptocurrency does not even "exist" , in the same way that normal currency does not exist, currency is a "shared understanding" that some token has value, often backed by a government. The only way that cryptocurrencies will continue to gain value is if people keep "buying" it. As soon as the little girl shouts "but the emperor has no clothes" the whole thing will collapse.
    Just to clarify on my previous post: I also think that after it pops, it will most likely be worthless, was thinking more in terms of the concept itself remaining in some form, evolving and maturing, to come back later as a completely different method/currency. By that time all of the current cryptocurrencies will have been all but forgotten

  11. #11
    Super Grandmaster konfab's Avatar
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    Quote Originally Posted by Zen17h View Post
    Just to clarify on my previous post: I also think that after it pops, it will most likely be worthless
    Nonsense. They have their value in being instruments of trade rather than instruments of investment. Once the market realises this, it will pop and find its proper value.

  12. #12

    Default

    Quote Originally Posted by Zen17h View Post
    Yes, but like the dot-com bubble, it won't just fade away after bursting.
    That ^^^

    But... It's a lot more resilient that I thought it would be, there's been some big knocks(fork, China etc) the past few months and it's taken a hit but not popped yet.
    Importing made easy!

  13. #13

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    Quote Originally Posted by wayne042 View Post
    The only way that cryptocurrencies will continue to gain value is if people keep "buying" it. As soon as the little girl shouts "but the emperor has no clothes" the whole thing will collapse.
    Although there are loads of people "buying it" as you mention, you must also look at people using crypto as a means of trade to buy and sell goods and services rendered. This is on the rise, and is the ultimate future.

    At this point in time it is a bubble, but it will all even out and become the norm.
    Cthulhu for President: Why vote for the LESSER evil?

  14. #14

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    nope. as long as its scarce and widely accepted
    it has intrinsic value. from what i can tell, it seems to be gaining traction, even mainstream attention. unless a fundamental flaw can be found

  15. #15

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    Most of the demand is driven by speculation, not people using it to purchase goods/services.

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