Author Topic: How soon until Bitcoin crashes?  (Read 55181 times)

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Offline Liar Loan

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Re: How soon until Bitcoin crashes?
« Reply #270 on: October 19, 2021, 09:03:57 PM »
That article was indeed long, but with very little substance

I think it's valuable to see investors with a solid track record of spotting bubbles all in agreement here.  There is so much hype out there and lots of "mainstream" press citing big fund managers getting in on the crypto mania. 

You say "of course Bitcoin is a bubble" but that's not self-evident to a lot of people out there, including some that have posted on this thread.  If it was self-evident, then Bitcoin actually wouldn't be in a a bubble.  It would be priced efficiently for what it is - a decentralized currency useful for black market transactions.

Comic books actually do have utility.  My kid read one tonight right before bed.  Pokemon cards can be used for their intended purpose, which is, of course, to play the Pokemon card game.  Art can be hung on the wall and appreciated.  Each of these things can be speculated on for financial gain, but underlying these speculator's markets are robust collector's markets that actually desire to own and appreciate the items for what they are.
« Last Edit: October 19, 2021, 09:09:21 PM by Liar Loan »

Online morekaos

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Re: How soon until Bitcoin crashes?
« Reply #271 on: October 19, 2021, 09:15:16 PM »
…but he won’t stand in the way of clients…like all of us at the original IHB… we knew the mortgage market would blow up, as did Burry and others.  Some of us benefitted from that knowledge and others saved themselves financially with the insight.

Jamie Dimon says bitcoin is ‘worthless’


“I personally think that bitcoin is worthless,” Dimon said during an Institute of International Finance event on Monday, CNBC Pro reported.

But, “I don’t want to be a spokesperson — I don’t care. It makes no difference to me,” he said. “Our clients are adults. They disagree. That’s what makes markets. So, if they want to have access to buy yourself bitcoin, we can’t custody it but we can give them legitimate, as clean as possible, access.”

https://www.cnbc.com/2021/10/11/jpmorgan-chase-ceo-jamie-dimon-says-bitcoin-is-worthless.html

Offline fatduck

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Re: How soon until Bitcoin crashes?
« Reply #272 on: October 19, 2021, 11:24:14 PM »
Markets can stay irrational longer than you can stay solvent

Offline Compressed-Village

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Re: How soon until Bitcoin crashes?
« Reply #273 on: October 21, 2021, 10:23:41 AM »
https://www.yahoo.com/finance/news/bitcoin-briefly-crashed-87-8-143639198.html


Here we go again with the flash crash.

Man, if I had any BT, I probably have a heart attacked already.

Offline Goriot

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Re: How soon until Bitcoin crashes?
« Reply #274 on: October 21, 2021, 08:44:22 PM »
Looks like this is down to 136. I keep on getting tempted with crypto haven’t piled the trigger. My gut told me to buy BTC when it hit 28k recently and it would have turned out very well. Coulda woulda shoulda.
[/quote]

Hope you bought some at around 136.  SOL is back above $200 now.

Offline qwerty

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Re: How soon until Bitcoin crashes?
« Reply #275 on: October 21, 2021, 11:02:09 PM »
Looks like this is down to 136. I keep on getting tempted with crypto haven’t piled the trigger. My gut told me to buy BTC when it hit 28k recently and it would have turned out very well. Coulda woulda shoulda.

Hope you bought some at around 136.  SOL is back above $200 now.
[/quote]

I did not. Next time BTC gets in the 30,000s I’ll pull the trigger

Offline paydawg

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Re: How soon until Bitcoin crashes?
« Reply #276 on: October 22, 2021, 10:32:13 AM »
Looks like this is down to 136. I keep on getting tempted with crypto haven’t piled the trigger. My gut told me to buy BTC when it hit 28k recently and it would have turned out very well. Coulda woulda shoulda.

Hope you bought some at around 136.  SOL is back above $200 now.

I did not. Next time BTC gets in the 30,000s I’ll pull the trigger
[/quote]

"Next time"....I hope that works for you (and me, since I'm in the same boat)
Thanks in advance for the 'thanks'!!

Online eyephone

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Re: How soon until Bitcoin crashes?
« Reply #277 on: October 22, 2021, 11:45:07 AM »
Looks like this is down to 136. I keep on getting tempted with crypto haven’t piled the trigger. My gut told me to buy BTC when it hit 28k recently and it would have turned out very well. Coulda woulda shoulda.

Hope you bought some at around 136.  SOL is back above $200 now.

I did not. Next time BTC gets in the 30,000s I’ll pull the trigger
[/quote]

You could of bought partial btc through paypal, robinhood, etc…

Online morekaos

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Re: How soon until Bitcoin crashes?
« Reply #278 on: November 17, 2021, 08:43:05 AM »
The end is neigh...Repent!!! Repent!! ;D ;D >:D

The Staples Center—home of the Los Angeles Lakers—is getting a new name: the Crypto.com Arena


https://fortune.com/2021/11/17/crypto-staples-center-new-title-sponsor-renaming-los-angeles-lakers-clippers/

The Stadium Curse: Naming Deals Gone Bust

When a company spends millions to put their company name on a major stadium, controversy often follows as the value of such an expenditure is difficult to track. Major stadium naming deals have also seen another trend: corporate failures.

Throughout the booms and busts of the American economy, many companies who have chosen to embark on a naming rights contract have seen their companies suffer financially or even collapse within several years of a naming deal. Although external, indirectly related factors are certainly at play, the correlation is quite impressive: In many cases naming deals parallel a corporate “boom” spending mentality that contributes to a company’s weakness when a bubble bursts.

https://www.cnbc.com/2010/01/20/The-Stadium-Curse:-Naming-Deals-Gone-Bust.html

Offline Liar Loan

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Re: How soon until Bitcoin crashes?
« Reply #279 on: November 17, 2021, 09:33:01 AM »
The end is neigh...Repent!!! Repent!! ;D ;D >:D

The Staples Center—home of the Los Angeles Lakers—is getting a new name: the Crypto.com Arena


https://fortune.com/2021/11/17/crypto-staples-center-new-title-sponsor-renaming-los-angeles-lakers-clippers/

The Stadium Curse: Naming Deals Gone Bust

When a company spends millions to put their company name on a major stadium, controversy often follows as the value of such an expenditure is difficult to track. Major stadium naming deals have also seen another trend: corporate failures.

Throughout the booms and busts of the American economy, many companies who have chosen to embark on a naming rights contract have seen their companies suffer financially or even collapse within several years of a naming deal. Although external, indirectly related factors are certainly at play, the correlation is quite impressive: In many cases naming deals parallel a corporate “boom” spending mentality that contributes to a company’s weakness when a bubble bursts.

https://www.cnbc.com/2010/01/20/The-Stadium-Curse:-Naming-Deals-Gone-Bust.html

The one I remember is Ameriquest Field in Arlington, Texas.  Deal signed in 2004 - 30 years for $75 million - and revoked in 2007 when lenders started dropping like flies.

I've always viewed these stadium names as an ego trip for the founders and executives, rather than as a wise use of dollars.  Has anybody ever made a consumer purchase because they liked the name of a stadium?  I know I haven't. 

Particularly for companies with less than 10 years of operating history, it's probably an excellent red flag indicator of poor management.

Offline zubs

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Re: How soon until Bitcoin crashes?
« Reply #280 on: November 18, 2021, 09:54:59 AM »
Pool our money and call it TI stadium.

Offline Cares

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Re: How soon until Bitcoin crashes?
« Reply #281 on: November 18, 2021, 10:16:06 AM »
Crip Stadium...perfect for LA. Bloods aren't going to like this one bit though.

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Re: How soon until Bitcoin crashes?
« Reply #282 on: December 04, 2021, 12:03:23 AM »
Crypto taking a deep dive.

Offline sleepy5136

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Re: How soon until Bitcoin crashes?
« Reply #283 on: December 04, 2021, 10:20:34 AM »

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Re: How soon until Bitcoin crashes?
« Reply #284 on: December 04, 2021, 10:55:57 AM »

 

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