/biz/ - Business & Finance

>>30196904
Yeah that looks like a line OP this is a bubble you dimwit

Cryptocurrencies are over.
What will be the next big thing?

This is a bubble.

Irony aside, you can't determine if something is a bubble based on a graph. An economic bubble is a overvaluation of goods.
If the USD suddenly grows compared to other economies without USD markets presenting a revolutionary product that is most likely a bubble. If all the worlds economies grow this is simply a inflation of all the worlds currencies, which won't lead to a crash simply an increase of cost of all things.

With that said, I think it's a bubble.

Anyone else think this bubble is "special" in a way that people EXPECT its a bubble? I think this will fuckup those conservative people the most.

>Intelligent normies expect its a fucking bubble and stay out
>It continues to have market cycles
>Intelligent normie thinks "oh this shit must be legit if it survived until 2020"
>Bubble pops

The thing with bubbles is that they pop when people least expect it. Every fucking nocoiner expects the bubble to pop any minute now, which probably makes it less likely it will pop.

Did the crypto bubble finally bust? Is it time to find a new thing to gamble on?

Are cryptos a bubble?

whales are sending this into orbit

target???

who actually thinks the crypto market ISN'T a bubble? i wan't to hear the best arguments from /biz/ as to why this bull run will keep going. i feel like it could pop any day now...

we are in a bubble, there is no denial, but do you guys know what happened after the .com bubble popped? amazon stock went to 900$ google to 500$ Netflix, apple, etc all of the GOOD companies with a REAL use case MOONED, unlike pets.com and breakfast.com they all went to 0, right now same is happening with crypto, why do we need LINK?? why does it need a token? why does straits need a token?? why does SALT need a token?? why does every project need a coin? 90% of cryptos can function without a coin, and the coin was added to raise funds in an ICO and be a speculative gamble


https://www.tradingview.com/chart/BTCUSD/kf2i1cSe-WHAT-DID-YOU-LEARN-FROM-DOTCOM-BUBBLE-BTC/

https://www.youtube.com/watch?v=EsVpNB2Lv3U

from what I read only true companies survived the .com bubble and I think the same will happen with crypto, I believe bitcoin has a top around 20-30k and then it will burst I believe only true cryptos will survive and 90% of useless ICO that create a coin with no purpose will die

post down what cryptos have really good fundamentals and the need for a coin is justified, example

bitcoin: it needs a coin to because its purpose is to be an instant, decentralized cheap payment protocol
litecoin: same as bitcoin
Ethereum: its not only a payment protocol and it serves a lot of other functions that need ether to work
why does straits need a coin?
why does chainlink need a coin?
why does waves need a coin?
why does all of the 1k+ coins in coin market cap need a coin? they only need a coin if they are meant to be a way of transfer of value and 50%+of cryptos purpose isn't to be a transfer of value but they want to do something else so why do they need a blockchain or even a coin?

do we really need a blockchain to do this and that?

does ARK really need a coin and will it survive the inevitable crypto crash?

>>3899061
No, this is a bubble.

You sell when there is absolutely no fear, when everyone is 100% sure it will go up forever.
You buy when there is absolutely no hope, when everyone is 100% sure it will never go up again.