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/biz/ - Business & Finance

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3276911 No.3276911 [Reply] [Original]

If crypto investing is just glorified gambling, then why do I always win?

>> No.3276931

Because we're in a bubble

>> No.3276954

>>3276931

dingding ding

>> No.3276962

>>3276931
how do we know bubbles even exist in the crypto market? Crypto is a brand new thing, there's no way to understand whats going on. That being said, some coins are designed to increase in value as long as user-base increases.

>> No.3276977

>>3276962
We don't. Everyone on biz just thinks they're smart

>> No.3277031
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3277031

>>3276977
wait, im not smert?

>> No.3277087

>>3276931
We're not in a bubble. Bitcoin goes up consolidates, pulls back and then after 7-21 days, it rises. Alts are more explosive but are not in a bubble either. The price is just correcting upwards to a more natural price.
Strike while the irons hot, make that money yo!

>> No.3277102

>>3276962
>can make 500% gains in 1 week
pretty sure its a bubble

>> No.3277144

>>3277102
Oh, you made %500 this week? Prove it. We're not bubbling yet. Sure, some crazy shit coin quintupled, but the top coins are not in a bubble.

>> No.3277198

>>3277144
neo went 500% in a week.
sure its not the "average" but even btc went 500% in 9 mths.
500% in less than a year that is bubble as fuck

>> No.3277674

>>3277198
This is crypto not a tech stock or a penny stock. We're in at the ground floor, goin' up. Once it 'doubles in a week, then we're in a bubble.

>> No.3277710
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3277710

>>3277102
>Tech bubble was $5 trillion market cap.
>Crypto is $170 billion

kek

>> No.3277801

>>3277710
Agree, not in a bubble. Also, tech bubble was primarily US based participants. Crypto is worldwide, and will be the biggest money making event in history.

>> No.3278470

>>3277674
whats the difference? if theres a crash theres a crash

>> No.3278479

>>3277710
so it just means 3 -5 years till it pops

>> No.3278503

>>3277102

Shitcoins might be their own little bubble, but crypto as a concept still has a long way to go

>> No.3278524

>>3278503
i believe squarely in the tech, and there is absolutely no doubt that blockchain tech will take over everything.
its just that the current crypto economy is a bubble, there is massive capitalisation and no application

>> No.3278542

>>3278524

The moment genuine application comes through all the money will move towards that one thing. Money may move out of some alts, but it won't kill crypto. Such a thing would cause another potential ETH level boom for the market

>> No.3278559

>>3276962
>user base increases

Kek OK m8

>> No.3278586

>>3278542
the crash is a btc crash.
btc is the lynchpin that upholds all other crypto to fiat value.

>> No.3278588

>>3278559

I mean the way he's phrasing it is silly, but with limited quantity assets like BTC, they will continue to rise in value the more people that buy in to the system

>> No.3278633

>>3276962
bubbles are a meme. there is no way to know you are in a bubble until it's popped. that's the nature of bubbles. if the market were truly aware of a bubble the market would take steps to correct before it bursts.

>> No.3278696

>>3278633
>nobody would buy into a bubble willingly
totally false